Finextra: CBA chops fraud with AI
Australia’s Commonwealth Bank says early implementation of GenAI is helping it to substantially reduce fraud rates.
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Artificial Intelligence
MIT Technology Review: AI can now create a replica of your personality
Imagine sitting down with an AI model for a spoken two-hour interview.
Bank of England: Artificial intelligence in UK financial services – 2024
Great study by the Bank of England of what is happening in AI in Financial Services.
efinancialcareers: Secretive quant fund paying $45k for two-week internships
Spark Investment Management, a New York hedge fund is offering $45k for internships lasting just two weeks, equivalent to a yearly salary of…$1.17m.
CIO Dive: AIG leans on generative AI to speed underwriting
AIG is using generative AI to speed underwriting and improve accuracy.
CNBC: OpenAI launches ChatGPT search, competing with Google and Microsoft
OpenAI has launched a search feature within ChatGPT, that positions it to better compete with search engines like Google, Microsoft’s Bing and Perplexity.
Payments Dive: AI increases fraud risk, fintechs say
Financial firms monitor for fraud by looking for unusual activity, but an artificial intelligence model can be trained to transact like a real person.
CIO Dive: Citi taps Google Cloud for app migration, AI adoption
Citi announced a multiyear modernization partnership with Google Cloud Monday.
TechCrunch: Meta’s AI chief says world models are key to ‘human-level AI’ — but it might be 10 years out
Meta’s AI chief says world models are key to ‘human-level AI’ — but it might be 10 years out.
TechRepublic: Generative AI in Security: Risks and Mitigation Strategies
Certain risks are more likely to emerge with generative AI than with traditional systems.