financial

Battling next-gen financial fraud 

Synthetic identity fraud now costs banks $6 billion a 12 months, making it the fastest-growing financial crime within the US Criminals are able to take advantage of personal data breaches...

A complete of 60 billion financial support to the economic and climate crisis response corporations

Gyeonggi -do will launch 'Gyeonggi -do SME Climate Crisis Special Finance Support', which is price 60 billion won for corporations that reply to climate crisis equivalent to climate tech. Firms will probably be supported by...

AI and Financial Crime Prevention: Why Banks Need a Balanced Approach

AI is a two-sided coin for banks: while it’s unlocking many possibilities for more efficient operations, it may possibly also pose external and internal risks.Financial criminals are leveraging the technology to provide deepfake videos,...

A Comprehensive AI Vision in Financial Services for 2025 and Beyond

The Financial Services industry (FSI) is an area where AI has long been a reality, slightly than a hype-cycle pipe dream. With analytics and data science firmly embedded in areas like fraud detection, anti-money...

U.S. government seeks rescue plan for Intel in worsening financial situation

It has been reported that the U.S. government and lawmakers have been quietly discussing a rescue plan in case Intel's financial situation worsens. Citing sources on the 2nd (local time), Semaphore reported that the relief...

The Financial Challenges of Leading in AI: A Take a look at OpenAI’s Operating Costs

OpenAI is currently facing significant financial challenges. For instance, in 2023, it was reported that to take care of its infrastructure and run its flagship product, OpenAI pays around $700,000 per day. Nonetheless, in...

OpenAI’s Ambitious Growth Strategy Comes with Steep Financial Risks

Internal financial projections from OpenAI reveal a high-stakes strategy that pairs aggressive revenue targets with substantial projected losses, in accordance with a recent report by The Information. The corporate's plans highlight each the immense...

AI in Finance: The Double-Edged Sword Redefining Financial Services

Today, only the lazy don't discuss Artificial Intelligence (AI) and its potential to revolutionize practically every aspect of our lives, including finance. Indeed, there's a startling growth within the AI market—it surpassed $184 billion...

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