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The debt collection industry in the United States is on the brink of a transformation, poised to harness the power of artificial intelligence (AI) to revolutionize its operations. While the prospects are promising, there are lingering concerns about potential biases and ethical implications. Valerie Ingold, Managing Director of Commercial Collection Corp. in New York, believes that AI could be a game-changer for an industry that has been slow to embrace technological advancements. With AI, debt collection agencies could enhance efficiency and compliance with regulations, leveling the playing field for businesses like hers. According to the Consumer Financial Protection Bureau (CFPB),…
Nvidia’s recent GTC event showcased groundbreaking advancements in AI technology, challenging conventional perceptions of computing and generating immense excitement among attendees. While the event traditionally emphasizes GPU technology, this year’s focus on AI prompted discussions about renaming the event. The keynote, particularly notable for its captivating presentation on Disney robots, captivated audiences, despite logistical challenges at the venue. Many hailed it as a landmark event comparable to the iconic Windows 95 launch, setting a new standard for tech presentations. Nvidia CEO Jensen Huang, reflecting on Nvidia’s journey to AI leadership, acknowledged the perceived insanity of his decisions. Had he been…
The U.K. government has formally accused China of orchestrating a significant cyberattack in 2021 that compromised the personal data of millions of U.K. voters. In a statement delivered to Parliament on Monday, U.K. Deputy Prime Minister Oliver Dowden pointed to hackers affiliated with the Chinese government as responsible for the data breach at the Electoral Commission last year. This attribution marks the first time the United Kingdom has publicly implicated China since the cyberattack was disclosed in 2023. The Electoral Commission, tasked with managing the U.K. register of eligible voters, revealed that hackers accessed the names and addresses of approximately…
Many proponents of web3 feel disillusioned by the traditional web ecosystem’s exploitation of user data. While benefiting businesses, data miners, and AI models, some perceive it as an infringement on privacy. “We’re witnessing a scenario where a few dominant entities control everything online, from our data to our digital presence. They wield the power to de-platform individuals and monetize our attention,” said Kline, expressing concerns about the current state of the internet. In response, Kline and others are championing web3, coupled with AI integrations, to decentralize the internet and empower users. Edge & Node, a company dedicated to developing and…
The perpetual struggle with noisy audio recordings during interviews and speeches has long vexed audio engineers worldwide. However, a pioneering German startup aims to revolutionize this challenge by leveraging generative AI to refine the clarity of voices in videos. Emerging from stealth mode with €1.9 million in funding, AI-coustics introduces a groundbreaking solution beyond conventional noise suppression, tailored to function seamlessly across various devices and speakers. Fabian Seipel, co-founder and CEO of AI-coustics, envisions a future where every digital interaction, from conference calls to social media videos, rivals the clarity of professional studio broadcasts. Seipel, a trained audio engineer, joined…
Tech giant Fujitsu confirmed on Friday that it fell victim to a cyberattack, raising concerns about the possible theft of personal data and customer information. In a statement posted on its website, Fujitsu disclosed, “We confirmed the presence of malware on multiple work computers at our company, and as a result of an internal investigation, we discovered that files containing personal information and customer information could be illegally taken out.” Taking swift action, Fujitsu disconnected the affected systems from its network and initiated an investigation into the breach to determine the extent of the compromise and potential data leakage. The…
Fox Corp. recently joined forces with Polygon Labs, the team behind the Ethereum-focused layer-2 blockchain, to address the growing concern of deepfake manipulation. Together, they introduced Verify, a protocol designed to safeguard intellectual property while allowing consumers to authenticate the genuineness of content. Melody Hildebrandt, CTO of Fox Corp., emphasized the significance of this initiative, noting its potential to tackle the pressing issue of fake content in today’s media landscape. Hildebrandt expressed optimism that as AI technology becomes more pervasive, more news outlets, media companies, and other stakeholders will adopt such solutions. This collaboration benefits both AI companies and creators,…
Dan Chen, an entrepreneur with a background in venture capital and co-founder of Hero, has identified a gap in resources for solutions teams in enterprises. These teams, responsible for conveying complex technical information to potential clients, often lack adequate staffing and support. To address this issue, Chen has launched Quilt, a platform leveraging generative AI to empower solutions sales teams. Quilt’s AI-powered assistants assist solutions engineers with various tasks, including completing requests for proposals, answering technical inquiries, and preparing for demonstrations. These assistants are equipped to handle security questionnaires, provide support via Slack, and summarize relevant information from meetings and…
The recent surge in Bitcoin’s value has led to unexpected issues for Coinbase, the popular crypto trading platform. Some users have reported seeing a zero balance across their Coinbase accounts, prompting concerns about the safety of their assets. In response, Coinbase assured users via a Status page on its website that their assets are secure and that its team is investigating the issue. The surge in Bitcoin’s price, which recently reached close to $60,000, has sparked renewed interest in crypto trading platforms like Coinbase. This heightened demand, coupled with the significant increase in Bitcoin’s value, has led to a surge…
Silence Laboratories, a cryptographic security startup specializing in infrastructure built on multiparty computation (MPC) to safeguard enterprise data, announced the closure of a $4.1 million funding round. The investment, co-led by Pi Ventures and Kira Studio, brings the total raised by the company to $6 million, including contributions from angel investors. These funds will fuel team expansion and bolster research and development efforts. Employing MPC, a subset of cryptography, Silence Laboratories facilitates secure collaboration among two or more parties without compromising sensitive information to unauthorized entities. Founded in 2021 by Dr. Jay Prakash (CEO), Dr. Andrei Bytes (CTO), and Dr.…