Artificial Intelligence (AI) refers to the capability of a machine or computer system to perform tasks that typically require human intelligence. This includes processes such as learning, reasoning, problem-solving, understanding natural language, and perception. AI can be categorized into two main types: narrow AI, which is designed for specific tasks (like voice assistants or recommendation systems), and general AI, which would possess the ability to understand and reason across a wide range of domains, similar to human cognitive abilities. The field of AI encompasses various technologies, including machine learning, where systems learn from data; natural language processing, which allows for the interaction with human languages; and computer vision, enabling machines to interpret and understand visual information. Overall, AI aims to create systems that can function intelligently and autonomously, enhancing efficiency and capabilities across numerous industries and applications.
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…
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…