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21 Nov 2024

OpenAI's Potential Conversion: Legal and Financial Implications of Shifting from Nonprofit to For-Profit

OpenAI, the creator of ChatGPT, is considering a transformation from a nonprofit to a for-profit entity, raising complex legal and financial questions about its charitable obligations and the value of its assets.

2 Sources

Cyera Secures $300M Funding, Valuation Soars to $3B as AI-Driven Data Security Gains Traction

Cyera, an AI-powered data security startup, has raised $300 million in a Series D round, doubling its valuation to $3 billion in just seven months. The funding highlights the growing importance of AI-driven data security solutions in the evolving digital landscape.

2 Sources

Rezolve AI and Google Cloud Partner to Transform Retail with AI-Powered Commerce Solutions

Rezolve AI and Google Cloud announce a strategic partnership to revolutionize retail and consumer commerce using AI and cloud infrastructure. Google Cloud will resell Rezolve AI's Brain Suite, potentially generating over 50% of Rezolve's forecasted revenue in coming years.

2 Sources

ACI Worldwide Predicts APP Scam Losses to Reach $7.6 Billion by 2028, Highlighting AI's Dual Role in Financial Crime

ACI Worldwide's Scamscope report projects a significant increase in Authorized Push Payment (APP) scam losses, emphasizing the role of AI in both perpetrating and combating financial fraud.

2 Sources

Deepfake Scams on the Rise: Elon Musk Impersonations Lead to Billions in Fraud Losses

AI-generated deepfakes, particularly those impersonating Elon Musk, are contributing to a surge in fraud cases, with losses expected to reach $40 billion by 2027. As detection tools struggle to keep pace, experts warn of the growing threat to unsuspecting victims.

2 Sources

Adobe's SlimLM: Revolutionizing On-Device AI for Document Processing

Adobe researchers have developed SlimLM, a small language model capable of processing documents locally on smartphones without internet connectivity, potentially transforming data privacy and AI accessibility.

3 Sources

20 Nov 2024

Verge Genomics and Eli Lilly Achieve Milestones in AI-Driven ALS Drug Discovery Collaboration

Verge Genomics announces significant progress in its collaboration with Eli Lilly to develop novel ALS treatments using AI-enabled drug discovery platform CONVERGE, demonstrating high success rates in target validation.

2 Sources

Renalytix Reports Q1 FY2025 Results: AI-Enabled Kidney Diagnostics Firm Secures Funding and Reduces Expenses

Renalytix, an AI-enabled in vitro diagnostics company focused on kidney disease management, reports its Q1 FY2025 financial results. The company has secured additional funding and restructured its finances, positioning itself for commercial growth.

2 Sources

Veeva Systems Unveils AI-Powered Innovations for Vault CRM

Veeva Systems announces two new GenAI capabilities, CRM Bot and Voice Control, for its Vault CRM platform, aiming to boost field productivity in the life sciences industry.

2 Sources

TCDI's Process-Driven AI Wins 2024 LegalTech Breakthrough Award for eDiscovery Innovation

TCDI, a leader in legal services and software, has been awarded the "Best Use of AI for eDiscovery" in the 2024 LegalTech Breakthrough Awards. The company's Process-Driven AI approach integrates advanced technology with established legal processes, revolutionizing eDiscovery practices.

2 Sources

ECB Warns of AI Stock Bubble and Financial Stability Risks

The European Central Bank cautions about a potential bubble in AI-related stocks and highlights risks to financial stability, including trade tensions and market concentration.

3 Sources

Wishpond Reports Q3 2024 Results: AI-Powered SalesCloser Drives Profitability Despite Revenue Decline

Wishpond Technologies Ltd. reports improved profitability in Q3 2024, with a 79% year-over-year increase in Adjusted EBITDA, despite a revenue decline. The company's AI-powered virtual sales agent, SalesCloser, is positioned as a key growth driver for 2025.

2 Sources

Billionaire Investors Shift Away from Top AI Stocks: Market Insight or Temporary Adjustment?

Prominent billionaire investors are selling shares of top-performing AI stocks like Nvidia and Palantir, raising questions about market trends and investment strategies in the rapidly evolving AI sector.

2 Sources

ISG Announces 2024 Paragon Awards Winners, Highlighting AI Innovation in Sourcing Partnerships

Information Services Group (ISG) has revealed the winners of its 2024 ISG Paragon Awards for EMEA, celebrating innovative approaches in technology and AI within sourcing industry partnerships.

2 Sources

Twilio Celebrates 16th Birthday with 2024 AI Startup Searchlight Awards

Twilio announces the honorees of its second annual AI Startup Searchlight Awards, recognizing 16 startups leveraging AI and Twilio's communication tools to transform customer engagement.

2 Sources

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