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03 Dec 2024

Nasdaq Study Reveals Shift Towards AI and Data Science in Financial Compliance

Nasdaq's ninth Annual Global Compliance Survey shows financial firms are increasingly turning to AI, cloud technology, and data scientists to enhance regulatory compliance and tackle complex challenges in the industry.

4 Sources

OECD Report: Generative AI to Transform High-Skilled Jobs in Metropolitan Areas

The OECD's latest report reveals that generative AI is set to significantly impact high-skilled jobs in metropolitan areas, challenging previous assumptions about automation's effects on the workforce.

2 Sources

EPAM Systems Completes Strategic Acquisition of First Derivative, Boosting AI Capabilities in Financial Services

EPAM Systems has finalized its acquisition of First Derivative, enhancing its AI and data-driven solutions for the financial services sector. This strategic move aims to strengthen EPAM's global presence and expand its capabilities in AI, cloud, and engineering services.

2 Sources

The AI Chip Race: Nvidia's Dominance and the Challenges of Powering Artificial Intelligence

As AI development surges, the demand for specialized chips is skyrocketing, with Nvidia leading the pack. However, the industry faces significant challenges in power consumption and competition.

2 Sources

MongoDB Expands AI Applications Program with Industry Leaders to Accelerate AI Innovation

MongoDB announces the expansion of its AI Applications Program (MAAP) with new partners, enhancing its ecosystem to help organizations leverage AI technologies more effectively. The company also reveals collaboration with Meta on Llama models and introduces improvements to its vector search capabilities.

3 Sources

Hume AI Unveils Voice Control: A Breakthrough in Customizable AI Voices

Hume AI launches Voice Control, an innovative tool allowing users to create custom AI voices by adjusting 10 distinct vocal dimensions, offering a new level of personalization in voice AI technology.

2 Sources

LG CNS Enters U.S. Smart Building Market with AI-Powered Digital Transformation Solutions

LG CNS partners with SomeraRoad and Mastern America to introduce smart building technologies in the U.S., leveraging AI, IoT, and blockchain for enhanced building management and user experiences.

2 Sources

VenHub Global Inc., AI-Powered Autonomous Retail Solution Provider, to Go Public on NASDAQ

VenHub Global Inc., a company specializing in AI and robotics-driven autonomous retail solutions, announces plans to go public through a merger with Target Global Acquisition I Corp. The deal values VenHub at $715 million and is expected to close in Q2 2025.

2 Sources

AWS re:Invent 2024: Amazon's Cloud Computing Conference Spotlights AI Advancements and Industry Challenges

Amazon Web Services' annual re:Invent conference kicks off in Las Vegas, with AI expected to take center stage amid fierce competition in the cloud computing market.

2 Sources

High-Performance Computing and Multicloud AI Strategies: Innovations Shaping Enterprise Computing

A comprehensive look at the latest advancements in high-performance computing and multicloud AI strategies, highlighting key insights from SC24 and Microsoft Ignite 2024 events.

2 Sources

9fin Secures $50M for AI-Powered Debt Capital Markets Analytics Platform

9fin, a London-based fintech, raises $50 million in Series B funding to enhance its AI-driven analytics platform for global debt capital markets, aiming to revolutionize the industry with advanced technology and expand its U.S. presence.

2 Sources

U.S. Lawmakers Introduce Bipartisan Bill to Study AI's Impact on Financial Services and Housing

Representatives Patrick McHenry and Maxine Waters propose legislation to assess artificial intelligence's influence on banking, mortgage lending, and housing sectors, aiming to address potential risks and benefits.

4 Sources

AWS Unveils Innovative Liquid Cooling and Energy Efficiency Measures for AI Data Centers

Amazon Web Services (AWS) announces major infrastructure updates, including liquid cooling systems and simplified electrical distribution, to enhance efficiency and sustainability in its data centers, particularly for AI workloads.

4 Sources

Monogram Technologies' Management Invests $1 Million in Company Stock, Signaling Confidence in AI-Driven Orthopedic Surgery Solutions

Monogram Technologies, an AI-driven robotics company focusing on orthopedic surgery, announces $1 million in open market stock purchases by management, demonstrating confidence in their strategy and future milestones.

2 Sources

French AI Firm LightOn Expands to Europe and Middle East, Focusing on Secure AI Solutions

LightOn, a French AI company, plans to expand its operations in Europe and the Middle East, targeting sectors that require secure, localized data processing. The company aims to leverage its European identity to position itself as a neutral player in the global AI market.

2 Sources

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