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Tech giant Microsoft is launching a new AI -powered service called “Copilot For Finance.” The new web service provides Microsoft 365 applications with new automation Features . According to Microsoft ’s launch of the tool today, “Copilor for Finance” provides generative AI and automation solutions to workflows. Microsoft ’s new AI technology works like adding ChatGPT to the 365 suite. In an announcement blog, Microsoft says Copilot for Finance introduces several key Features to enhance financial operations: Also Read: Microsoft Surpasses Apple as Largest Company by Market Cap Helps financial analysts  quickly conduct a variance analysis in Excel using natural language prompts  to review data sets for anomalies, risks, and unmatched values. This type of analysis helps finance provide strategic insights to business leaders about where it is meeting, exceeding, or falling short of planned financial outcomes and why. Simplifies the recon...

Regulators are shedding light on scammers leveraging the allure of artificial intelligence (AI) to promote crypto trading systems with faulty claims of high or guaranteed returns. With the trend of using automated software for trading increasing, the Commodity Futures Trading Commission (CFTC) issued a customer advisory stressing that these AI systems cannot foresee market movements definitively.  See below. CFTC Customer Advisory Cautions the Public to Beware of Artificial Intelligence Scams: https://t.co/4SI2hwOPWq — CFTC (@CFTC) January 25, 2024 The customer advisory titled “AI Won’t Turn Trading Bots into Money Machines” exposes the fraudulent tactics used to attract investors, recounting tales like that of Cornelius Johannes Steynberg, who swindled over $1.7 billion in Bitcoin (BTC) from unsuspecting victims. The CFTC has subsequently advised traders to avoid seductive assurances of high gains from AI-assisted tools, warning that such exaggerated claims often fail to...

Mastercard has teamed up with Feedzai to alert about suspicious crypto transactions in real time. Payments giant Mastercard has entered into a partnership with Feedzai, an artificial intelligence (AI) powered risk management system, in a bid to increase crypto fraud protection among trading platforms. In a press release on Nov. 20, Feedzai said both companies will integrate Mastercard’s blockchain forensic product, Ciphertrace Armada, into Feedzai’s platform dubbed RiskOps. You might also like: Mastercard sees no justification for consumers to use CBDCs With the combined technologies, Mastercard and Feedzai want to let financial institutions intervene in unauthorized transactions in real-time to stop payment before funds leave a victim’s account on a crypto exchange. “We are delighted that, through this new partnership, we are able to go further, by helping to stop fraud and payments to scams before they take place, giving customers more choice, ...

Janet Adams, the COO of SingularityNET, said that AGIs falling into the hands of military could pose existential threats to humanity. While the development of artificial general intelligence (AGI) comes with a truckload of benefits, it also comes with massive risks if the technology falls into the wrong hands. However, de centralization using blockchain technology might help prevent a catastrophe, according to Janet Adams, the chief operating officer of the artificial intelligence and Web3-focused project SingularityNET. At the Future Blockchain Summit event in Dubai, Cointelegraph sat down with Adams to learn about the risks of centralization when it comes to AGI and how decentralization holds the key to mitigating these risks. Cointelegraph's Ezra Reguerra with SingularityNET's Janet Adams at the Future Blockchain Summit in Dubai. Source: Ana Solana While AGI is still a conceptual version of AI that allows a machine to learn and think like a human being, its developme...

Empowering Thought Leaders to Shape AI Policy Furthermore, Google has previously supported organizations, such as think tanks and academic institutions, in the United States and worldwide. The grants have been awarded to recipients like the Carnegie Endowment for International Peace, the Aspen Institute, and the MIT Work of the Future. Consequently, their research will delve into critical issues like f AI rness, bias, and misinformation. advertisement Google’s director, Brigitte Hoyer Gosselink, articulated the venture’s vision well. “ AI has the potential to simplify our lives and tackle some of society’s most complex challenges,” she s AI d. However, she also emphasized addressing critical f AI rness, bias, and misinformation questions. Hence, Google AI ms to finance independent thinkers dissecting these issues and more. As the AI landscape evolves, so does the need for effective governance and oversight. Significantly, this year saw the ...

The crypto community has come across an AI-powered chatbot that can be used to audit smart contracts and expose vulnerabilities. The online crypto community has discovered a new Artificial Intelligence (AI)-powered chatbot that can either be used to warn developers of Smart Contracts vulnerabilities or teach hackers how to exploit them.  ChatGPT, a chatbot tool built by AI research company OpenAI, was released on Nov. 30 and was designed to interact “in a conversational way” with the ability to answer follow-up questions and even admit mistakes, according to the company. However, some Twitter users have come to realize that the Bot could potentially be used for both good and evil, as it can be prompted to reveal loopholes in smart contracts. Stephen Tong, co-founder of smart contract auditing firm Zellic asked ChatGPT to help find an exploit , presenting a piece of smart contract code. OMG WTF pic.twitter.com/I2hE0e5ppq — cts (@gf_256) December 1, 2022 The bot responded by no...