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What’s New Today: Anodot will fire 20% of its workforce in its second wave of layoffs.
Fast-Track Insights: Victory for cryptocurrency as the Chinese Supreme Court permits its use to pay off debts.
Since its November 2022 launch, OpenAI’s popular AI-powered chatbot, ChatGPT, has been making waves online. The world’s largest IT businesses are engaged in an AI arms race as a result of its superpowers. Developers from all around the globe are experimenting with new ChatGPT features, which are presently driven by OpenAI’s potent big language model, GPT-4, even while tech titans compete to build the most cutting-edge AI technology. Sam Altman’s business said in March that it will allow ChatGPT to use plugins to explore the internet. For millions of developers, plugins have opened a floodgate of opportunities, and the chatbot has seen a swarm of new plugins in recent weeks.
Anodot, a business monitoring firm, is terminating about 15 of its 80 employees, or 20% of its workforce, in its second wave of layoffs in the last year. In July of last year, the business let go of 35 people or around 27% of its entire employment. Anodot, established in 2014, has secured $62.5 million from backers, including Intel Capital, SoftBank Ventures Asia, Samsung NEXT, Redline Capital Management, and Aleph Venture Capital Disruptive Technologies Venture Capital, and La Maison. Entrepreneurs David Drai, CEO Ira Cohen, and Shay Lang established Anodot, which uses unsupervised machine learning to monitor an organization’s business indicators and proactively notify of any risks.
Cyberattacks, digital frauds, and other financial crimes With the rising popularity of digital payment apps, e-banking poses an emerging threat to the expansion of many businesses and organizations, primarily in the financial sector. This led to the demand for AI Fraud detection to improve internal security and simplify corporate operations. Artificial Intelligence in fraud detection uses trained AI algorithms to recognize patterns and anomalies in data that indicate fraudulent behavior. One of the most significant advantages of AI-based fraud detection systems is their ability to process large amounts of data in real time. The common types of fraud AI can detect are Card Fraud, Account Takeover (ATO), document forgery, fake account creation, and more. Read More
Despite China’s current total prohibition on digital assets, the country’s cryptocurrency industry policy is constantly changing in response to new developments. The country’s Supreme Court recently updated its instructions on cryptocurrency-related disputes, noting that utilizing a limited quantity of digital assets to settle a debt would be regarded as legitimate if all sides agree, according to Wu Blockchain. The court acknowledged that cryptocurrencies had virtual network features in this situation. The court clarified that this strategy would only be approved if there were no other good reasons to forbid it.
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Disclaimer: Any financial and crypto market information given on Analytics Insight is written for informational purpose only and is not an investment advice. Conduct your own research by contacting financial experts before making any investment decisions.
Top tech news: Redefining AI technology is the ChatGPT Code … – Analytics Insight