OpenAI and Paradigm have released EVMbench, revealing that AI agents can now successfully exploit more than 70% of tested smart contract vulnerabilities — as real-world DeFi hacks make the stakes impossible to ignore.
India is emerging as a global AI powerhouse with initiatives targeting a $500 billion GDP contribution by 2030. Key projects include Reliance’s 3-gigawatt AI data center in Jamnagar, Microsoft’s $3 billion investment in cloud infrastructure, and partnerships with NVIDIA and Meta. Focused on agriculture, healthcare, and smart cities, India is also prioritizing sovereign AI, ethical data practices, and inclusive growth, positioning itself as a leader in the global AI race.
This article underscores the significance of AI in the financial landscape, elaborating on its tailored solutions for the finance industry and enhanced risk control and fraud-tracking capabilities.
Explore the transformative year of 2023 in AI with our definitive “2023 AI recap”, covering groundbreaking innovations, policy changes, and industry milestones.
The U.S. FSOC’s concerns about a possible AI Risk to Financial Markets highlight the need for balancing innovation with regulation in the financial sector.
Artificial intelligence (AI) is transforming the way we work, learn and live. According to a new study by IBM, 40% of the global workforce will need to be reskilled in the next three years due to AI. Reskilling is not only a necessity but also an opportunity to enhance human potential and create more value for businesses and society.
Discover the significant contribution of immigrants in the US AI industry, with 65% of the top AI companies founded or cofounded by foreign-born entrepreneurs. Explore key findings from the report “AI and immigrants” by the National Foundation for American Policy, highlighting the diverse origins of immigrant entrepreneurs, their impact on job creation and innovation, and the dominance of international students in computer science and engineering programs.
Discover the financial landscape of OpenAI, with reported losses of $540 million during ChatGPT development. Despite this, the company anticipates revenue growth. CEO Sam Altman aims to secure funding for self-improving AI. Explore OpenAI’s quest for fresh data sets and their vision for future innovation.
A recent study by McKinsey & Company unveils the transformative impact of generative AI on productivity growth, potentially adding trillions of dollars annually to the global economy. Businesses across all industries can harness the value of generative AI to augment worker productivity and drive economic growth.
