Insurtech

KPMG's 2024 Generative AI Consumer Trust Survey found that about half of consumers think there is not sufficient regulation of generative AI right now. The lack of oversight tracks with limited trust that institutions— particularly tech companies and the federal government— will ethically develop and implement AI, according to KPMG. Within the tech…

These growing startups are making the most of the AI revolution to save time and spot fraud for financial institutions, investors and founders.

In 2022, around the time of the FTX crisis, I wrote a column on the risks posed by cryptocurrencies. More than two years later, when Elon Musk just stonewalled the Consumer Financial Protection Bureau- which was investigating several cryptocurrency companies and digital payment apps-digital currencies will likely work their way much deeper into the…

In this week’s Current Climate newsletter, DOGE cuts are creating worries over wildfire preparedness; Tesla feeling blowback from Elon Musk; using AI to protect whales

A federal judge on Saturday temporarily blocked access by the Elon Musk-led Department of Government Efficiency to Treasury Department records containing sensitive personal data, such as the Social Security or bank account numbers of millions of Americans. Judge Paul A. Engelmayer barred access to the payment systems and other Treasury data to "all…

A federal judge early Saturday blocked Elon Musk’ s Department of Government Efficiency from accessing Treasury Department records that contain sensitive personal data such as Social Security and bank account numbers for millions of Americans. The payment system handles tax refunds, Social Security benefits, veterans’ benefits and much more, sending out…

Chinese startup DeepSeek’s meteoric rise is making many people wonder if adding more computing hardware is still the best way to boost artificial intelligence (AI), according to new research from Deutsche Bank. Drawing an analogy with the EV sector, the paper asks: Do you do not need a high-end Tesla Model X car just to run quick errands, when perhaps the cheaper BYD can handle…

—The 40- year-old founder of China’ s DeepSeek, an AI startup that has startled markets with its capacity to compete with industry leaders like OpenAI, kept a low profile as he built up a hedge fund and then refined its quantitative models to branch into artificial intelligence.. Liang Wenfeng, who founded DeepSeek in 2023, was born in southern China's Guangdong…