Congressional legislators clashed on the right approach for artificial intelligence (AI) oversight during a House subcommittee hearing to discuss AI innovation trends and competition held on Wednesday (April 2) in Washington. Republicans and Democrats both recognized the benefits of AI and that the technology is...
Agentic artificial intelligence (AI) has become more than a buzzword in a very short period of time. One reason for its progress into legitimacy is its real potential to redefine how financial institutions deliver services and interact with their customers. Rather than simply performing pattern...
Anthropic has unveiled a version of its Claude AI model designed for higher education institutions. Claude for Education, announced Wednesday (April 2), lets universities come up with and implement artificial intelligence (AI)-enabled approaches to teaching, learning and administration. “Claude for Education gives academic institutions secure,...
Can AI effectively replace a human teammate? Researchers from Harvard, Wharton, Procter & Gamble and other institutions did an experiment to find out. They asked 776 professionals from P&G to come up with new product ideas and measured their performance. Half used artificial intelligence (AI)...
As artificial intelligence (AI) continues to disrupt industries across the globe, Daniel Huttenlocher, dean of the MIT Schwarzman College of Computing and a member of Amazon‘s board of directors, offered a candid roadmap for business leaders looking to deploy AI effectively. His message was clear:...
Alibaba Group Holding reportedly plans to release an upgraded version of its flagship AI model, Qwen 3, later this month. The timing of the release could change, Bloomberg reported Tuesday (April 1), citing an unnamed source. Alibaba did not immediately reply to PYMNTS’ request for...
The drug development artificial intelligence (AI) startup founded by Google DeepMind co-founder and CEO Demis Hassabis has raised $600 million in its first external funding round. Isomorphic Labs uses advanced AI models to revolutionize and accelerate drug discovery in different therapeutic areas. Notably, the startup...
SoftBank is reportedly seeking up to $16.5 in financing for the so-called “Stargate” AI project. This bridge loan would be the Japanese conglomerate’s largest ever facility denominated in dollars, Bloomberg News reported Tuesday (April 1), citing sources familiar with the matter. The report notes that SoftBank is...
While the buzz around generative artificial intelligence (GenAI) continues to captivate boardrooms, a new analysis reveals a divergence in its financial impact across industries. In short: some sectors reap substantial returns while others lag despite significant adoption. The latest report from PYMNTS, “Generative AI’s ROI...
