A startup that uses artificial intelligence (AI) to create books has raised $37 million in the latest sign of how machine learning is transforming the publishing industry. Inkitt’s self-titled app allows users to self-publish stories. Utilizing AI and data science, it identifies stories for refinement and distributes and sells them on another app, Galatea. The …
In the artificial intelligence (AI) race, some companies, and sectors, are starting on third base. That’s because companies operating in technologically sophisticated sectors with deep libraries of operating data frequently already have the infrastructure, the employee talent and resource allotment framework in place to leverage the innovations most effectively and faster than the rest of …
Brazil’s central bank is reportedly looking to take the country’s instant-payment system, Pix, to the global stage. With policymakers from the Group of 20 nations meeting in Sao Paulo to discuss faster and cheaper cross-border payments, the Central Bank of Brazil considers Pix to be a possible solution, Bloomberg reported Tuesday (Feb. 27). Pix has quickly become a …
CarGurus has been rolling out new artificial intelligence (AI) features to give both dealers and consumers the information they’re looking for. With these offerings, the digital platform for shopping, buying and selling new and used vehicles has improved engagement, delivered insights and increased efficiency, CarGurus executives said Monday (Feb. 26) during the company’s quarterly earnings …
Highmark Health is working with Epic and Google Cloud to support payer-provider coordination. “Epic’s Payer Platform improves collaboration between health insurers and health providers,” the companies said in a Monday (Feb. 26) news release. “Now, by connecting to Google Cloud, the insights shared with payers and providers can be used to inform consumers of the …
PayPal has named former Cash App and Afterpay marketing leader Geoff Seeley as its new chief marketing officer. Seeley will lead the global marketing team for PayPal and its family of brands, including Venmo, beginning Monday (Feb. 26), the company said in a Monday press release. “Geoff has a rich and impressive background leading marketing …
Embattled Indian FinTech Paytm is reportedly turning to a group of banks for help. The company is likely to work with Aix Bank, HDFC, Yes Bank and the State Bank of India to process transactions though India’s popular unified payments interface (UPI), Reuters reported Monday (Feb. 26), citing two sources familiar with the matter. The news comes as …
Making instant payments in the European Union (EU) just became much easier. The European Council on Monday (Feb. 26) adopted a regulation making instant payments available in euros to consumers and businesses in the EU and European Economic Area nations. “The new rules will improve the strategic autonomy of the European economic and financial sector as they will help …
There’s a global race going on with artificial intelligence at its center. It isn’t just a race between multibillion-dollar, or trillion-dollar, private enterprises looking to commercialize and scale their AI systems and product innovations. Rather, this race at least, is increasingly between governments and their regulators, as nations around the world seek to become the …
Samsung’s latest wearable device reportedly comes with health-tracking features. The smartphone maker’s Galaxy Ring — the company’s first ring product — is set to go on display for the first time Monday (Feb. 26) at the Mobile World Congress in Barcelona, CNBC reported, citing an unnamed source. Speaking to the network at the conference, Hon …