CIO Dive: AIG leans on generative AI to speed underwriting
AIG is using generative AI to speed underwriting and improve accuracy.
Finextra: Goldman Sachs takes quantum leap on options pricing
Goldman Sachs has conducted research on the application of quantum computing in the options pricing market.
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.
Finextra: Bank of England presses on with retail CBDC to plug bank innovation gap
The Governor of the Bank of England, Andrew Bailey has re-affirmed his support for a retail central bank digital currency, arguing that central banks are the “only game in town” as commercial banks lack the incentive to push for innovation.
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.
Finextra: Banks urged to act now to avoid future quantum catastrophe
Banks urged to act now to avoid future quantum catastrophe.
Cybersecurity Dive: Majority of global CISOs want to split roles as regulatory burdens grow
More than 4 in 5 CISOs believe their role needs to be split into two separate positions.
TechRepublic: Generative AI in Security: Risks and Mitigation Strategies
Certain risks are more likely to emerge with generative AI than with traditional systems.