Artificial Intelligence (AI) refers to the field of computer science focused on creating systems or machines that can perform tasks typically requiring human intelligence. These tasks include reasoning, learning, problem-solving, perception, understanding natural language, and decision-making. AI systems can be classified into two main types: narrow AI, which is designed to perform a specific task (e.g., voice assistants, facial recognition), and general AI, which aims to perform any intellectual task that a human can do. AI incorporates various techniques, including machine learning, where algorithms learn from data to improve their performance over time, and deep learning, which utilizes neural networks to analyze complex patterns in large datasets. The ultimate goal of AI research and development is to create intelligent agents capable of autonomous functioning in a variety of environments.
Klarna is preparing for a public offering by fortifying its balance sheet and refining capital allocation. The company has sold part of its UK lending portfolio to Elliott, an American…
Amit Parekh is a prominent figure in the fintech industry, focusing on the integration of artificial intelligence. His experience spans over 22 years, emphasizing payments and fraud management across multiple…
Wipro Teams Up with Microsoft for Groundbreaking AI Solutions Wipro, a frontrunner in technology services, has embarked on an innovative journey in collaboration with Microsoft. Together, they have launched a…
Embracing AI in Financial Services The financial sector is on the brink of an AI transformation that could redefine customer interactions by 2025. As consumer expectations rise, effective and prompt…
Redefining AI in Financial Services Financial institutions are urged to move beyond basic AI functionalities in order to cater to the growing expectations of their customers. According to industry leaders,…