google-site-verification=cXrcMGa94PjI5BEhkIFIyc9eZiIwZzNJc4mTXSXtGRM JPMorgan reveals AI cash flow tool that reduces human work by 90% - 360WISE MEDIA
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JPMorgan reveals AI cash flow tool that reduces human work by 90%

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JPMorgan

JPMorgan’s introduction of Cashflow Intelligence Tool, an AI-powered cash flow management solution, significantly reduced human labor by 90 percent.


JPMorgan already sees AI-powered services as the long run of the workforce. The current AI-powered cash flow tool has reduced human labor by 90%.

Following the launch of Cashflow Intelligence in 2023, the corporate said its performance reduced staffing needs for the two,500 enterprise customers it serves. Although this can be a free service, JPMorgan hopes it’s going to allow to your continued productivity and success fees for tool, in response to a.

The AI ​​tool has helped its clients create cash flow forecasts and analyses, which are frequently performed manually by experienced staff. Tony Wimmer, head of information and analytics at JPMorgan’s wholesale payments division, told the news outlet that the work is “very complex.”

“Cash flow forecasting is very complex and requires a lot of expertise,” Wimmer said. “I firmly believe that elements of machines improved by humans will not disappear for a long time.”

Although the answer is promising, human input continues to be needed to administer liquid funds. Regardless, Wimmer stays optimistic in regards to the advantages of a future that includes artificial intelligence.

“We will continue to invest in this solution as we see that we are really starting to improve this workflow,” Wimmer said.

The newly added feature will not be only available to financial firms. Its advanced cash flow management tool is considered one of many available available on the market, including Bank of America’s CashPro, which also tracks cash flow free of charge, in response to .

America’s largest bank continues to bet that implementing advanced technologies will improve its workflow. JPMorgan CEO Jamie Dixon stated in October 2023 that he expected AI to guide to shorter workdays for workers, estimating a discount to three.5 days per week in the approaching many years. JPMorgan also set recent goals for AI profitability at the corporate, forecasting business value of $1.5 billion last yr.


This article was originally published on : www.blackenterprise.com
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Fake AI Photos of Rihanna at the Met Gala Trick Social Media Users

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Met Gala, Rihanna, Fake AI Photos


A disorder indeed.

Fake AI photos of Rihanna at the Met Gala fooled social media users into pondering she was walking the red carpet.

According to , Rihanna missed the event, which took place on May 6, because of the flu. However, her “photos” continued to flow into on social media. Deepfake images presented an incredibly realistic photo founder of Fenty Beauty. She wore a wealthy white dress decorated with flowers matching this yr’s theme, “Garden of Time.”

However, upon further evaluation, it turned out that the photos were a hoax. Rihanna wasn’t the only victim. The Associated Press reported that other singers reminiscent of Katy Perry have fallen victim to artificial intelligence generators. Her AI photos gained traction to this extent where Perry needed to disclose to her mother that the photos weren’t real, posting a screenshot of the conversation on her Instagram Story. Rihanna herself has not commented on this matter yet.

The photos are the result of generative artificial intelligence, typically used to create photos that might not otherwise have been created. While this is not the first time this technology has been used against celebrities, more nefarious uses have led to problems in the past. Sexually explicit photos of Taylor Swift went viral earlier this yr, prompting X to dam searches for them.

As the use of AI increases, so do the potential consequences. Currently, regulations are still developing to guard individuals from the harmful effects of this technology. US teens deemed ‘image-based sexual abuse’ use AI ‘nudification’ app to abuse young girls. Fake nude photos are one other way revenge porn perpetuates itself, prompting lawmakers to take motion as AI image generators develop into more available.

Despite the relatively innocuous nature of the Met Gala image fraud, the incident actually raises the growing problem of unregulated AI images, especially when the masses are unable to tell apart the real from the fake.


This article was originally published on : www.blackenterprise.com
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Google Wallet is now available in India

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Google on Wednesday launched its digital wallet in India with local integration, almost two years after it relaunched the app as a digital wallet platform in the US

As TechCrunch reported last month, Google Wallet will run in India alongside the prevailing Google Pay app, which is able to remain the corporate’s payment app in the country. In February, Google replaced its Pay app with Wallet in the US.

“Google Pay isn’t going anywhere. Google Pay is our primary payment example,” Ram Papatla, CEO and director of engineering for India at Google, said at a press conference in New Delhi. “The wallet is specifically tailored to address non-payment use cases.”

Google Wallet will enable Android users in India to store and access boarding passes, gift cards, event tickets and loyalty cards. You can add all of it via a QR code, barcode or link shared in Gmail, or via the dedicated Add to Google Wallet button available in partner apps.

The app may also store public transport tickets and means that you can create passes from any image containing a barcode or QR code, equivalent to airline boarding passes, luggage tags or parking receipts.

Initially, Google Wallet will work with 20 brands including PVR Inox, Flipkart, Air India, MakeMyTrip, Pine Labs and Ixigo. It has also roped in local transport operators equivalent to Kochi Metro, Hyderabad Metro, VRL Travels and Abhibus. Additionally, the corporate has partnered with system integrators Wavelynx and Alert Enterprise to enable users to store and access corporate IDs.

According to the newest data from Counterpoint shared with TechCrunch, Android continues to dominate the smartphone market in India with a market share of 93%. In 2023, of the 152 million smartphones shipped to the country, 140 million were Android-based. The smartphone penetration rate this yr was 70%, up from 66% in 2021, in response to the research firm.

All this provides Google a solid reason to launch Wallet in India. However, it might face competition from Samsung Wallet, which the South Korean company offers as an all-in-one digital wallet and payments app. Apple also has a Wallet app for iPhone users in the country, although the app doesn’t have many local integrations. WhatsApp messenger also means that you can get virtual boarding passes and travel tickets from platforms like MakeMyTrip and state metro train operators.

This article was originally published on : techcrunch.com
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will.i.am talks life-changing investments in Tesla and Beats By Dre

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will.i.am, Investments, changed my life, Beats by Dre, AI, Tesla


will.i.am has at all times been one step ahead of the competition in relation to engineering and technology. The Grammy-winning artist even showed he believed in Tesla before Elon Musk took over.

Leader of the Black Eyes Peas brought his wealthy musical knowledge, business and technology in the NORE “Drink Champs” program. There, will.i.am talked in regards to the first investments he made in two corporations that “changed” his life for the higher.

According to the “Let’s Get Started” hitmaker, he received a stake in Tesla two years before Musk joined the corporate as CEO in 2008. By the time Musk took ownership of the automobile and clean energy company, will.i.am was already in his next enterprise, co-founding Beats By Dre a few years before Apple acquired the brand.

“I invested in Tesla in 2006, before Elon took over (the company) – around the same time,” he told NORE. “And then I used to be a part of Beats. And then Apple bought Beats from us. So you are talking about two corporations that modified my life. So I say each.

will.i.am played Drink Champs’ signature game of This or That when he answered whether he preferred Elon Musk or Steve Jobs in the tech innovation category. His interest in the industry comes naturally to a Los Angeles native who attended a highschool specializing in science, engineering and math.

He earned a number of money due to his natural passion for technology and business. He played his role in a personal investment group even him shares in corporations valued at billions of dollars, corresponding to OpenAI, Anthropic, Runaway and Hugging Face.

The “Scream and Shout” rapper/producer not only invests, but additionally invents his own technology products. will.i.am became an early entrepreneur at Viv Labs, which Google acquired for roughly $500 million. By 2015, he invested in OpenAI when it was funded by billionaires Reid Hoffman, Elon Musk, Peter Thiel, Amazon Web Services and other tech moguls.

Most recently, will.i.am ventured into FYI, an AI-powered productivity app that permits creators to collaborate and communicate on digital asset management projects.

“Everything will soon change and we will witness a social redefinition that will balance inequalities,” he says in regards to the evolution of artificial intelligence.

“People who have been underserved will be able to use these new tools and technologies to solve their problems and create new industries, and yesterday’s industries will collapse with the wave of transformation.”


This article was originally published on : www.blackenterprise.com
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