Payments giant Mastercard says it has built its own proprietary generative artificial intelligence model to help thousands of banks in its network detect and root out fraudulent transactions.
The company told CNBC exclusively that its new advanced AI model, Decision Intelligence Pro, will allow banks to better assess suspicious transactions on its network in real-time and determine whether they’re legitimate or not. – Read More
Daily Archives: February 3, 2024
Cadence to sell AI supercomputer for jet design software
Cadence Design Systems (CDNS.O), opens new tab on Thursday said it has designed a new artificial intelligence (AI) supercomputer system that can be used to simulate how air flows over jets and other gear as its competition with Ansys (ANSS.O), opens new tab heats up.
Cadence is best know for its software that helps design computer chips, where the precise placement of tens of billions of tiny electrical switches called transistors can make or break a chip’s speed and competitiveness. – Read More
Amazon debuts ‘Rufus,’ an AI shopping assistant in its mobile app
Amazon announced today the launch of an AI-powered shopping assistant it’s calling Rufus that’s been trained on the e-commerce giant’s product catalog as well as information from around the web. The company says the new tool will launch to a subset of U.S. customers in beta, starting today, before expanding to more users in the weeks ahead. Customers will be able to chat with Rufus inside Amazon’s mobile app to get help with finding products, performing product comparisons, and getting recommendations on what to buy. – Read More
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