34 stories tagged Finance
OpenAI has appointed David Vélez, founder and CEO of Nubank, and Robin Vince, CEO of ARM, to the boards of the OpenAI Foundation and OpenAI Group PBC, bringing deep expertise in global finance, semiconductor technology, and governance to guide the AI company's strategic direction.
A new arXiv paper shows that point-in-time language models—trained only on data available up to each calendar date—can now perform nearly as well as unrestricted models, eliminating lookahead bias that previously compromised financial backtests and causal inference.
Researchers created CANDI-QA, a new test for AI models to evaluate their ability to answer complex questions in specialized fields like medicine and finance. This helps ensure AI assistants can provide accurate, context-aware answers in critical areas.
AI agents are transforming banking at record speed, outpacing even the internet's adoption. The market for AI in banking is projected to reach $97B by 2027 and over $200B beyond, with the token $SERV positioned at the intersection of AI agents and banking.
Australian Payments Plus uses ChatGPT Enterprise and Codex to simplify complex payments processes. This helps them work faster and maintain high quality while keeping human oversight central.
Researchers at Thinking Machines AI have published a study demonstrating an AI system that can replicate expert financial decision-making. The system was trained on data from seasoned financial analysts and shows proficiency in market trend analysis, risk assessment, and strategic planning. This could make sophisticated financial advice more accessible to everyday investors.
Researchers created RusFinChain, the first Russian-language benchmark for testing AI's ability to reason through financial problems step-by-step. This tool helps evaluate how well AI models can perform complex financial analysis in a non-English context.
Three former DeepMind researchers founded EquiLibre Technologies, an AI lab that helps hedge funds make money. The company is now worth over $500 million. This shows how AI is transforming high-stakes financial trading.
Researchers created OpenFinGym, a platform to test AI trading bots on multiple financial tasks. It helps evaluate how well these bots perform in real-world market conditions.
Researchers have developed AlgoEvolve, an AI system that uses large language models to evolve and improve algorithmic trading strategies. This could make trading more accessible and efficient for everyday investors.
Researchers have developed AlphaMemo, an AI system that helps financial trading agents learn from their past decisions. This could make AI-driven trading more reliable and less prone to repeating errors.
Jane Street, a powerful but low-profile trading firm, has developed cutting-edge AI tools that are transforming Wall Street. Their systems handle complex trading decisions faster and more accurately than human traders.
As AI tools handle more tax filings, legal questions arise about who's responsible for mistakes. The current landscape leaves taxpayers in a gray area.
LSEG is integrating OpenAI's AI models to help its 4,000 employees make faster, data-driven decisions. This move accelerates insights and shortens development cycles across its global business.
Researchers developed MoCA-Agent, an AI system that uses a market-like approach to verify financial and numerical answers. It breaks questions into smaller parts and checks each one carefully, reducing errors in calculations and data interpretation.
MUFG is integrating ChatGPT Enterprise to streamline operations and create new AI-driven financial services. This move aims to make the bank more efficient and innovative in serving customers.
Robinhood now lets AI agents handle your trading and even make purchases with your credit card. This could make investing and shopping more hands-off but raises security concerns.
Some AI startups are inflating their Annual Recurring Revenue (ARR) to appear more successful, and investors often look the other way. This practice can mislead the public about a company's true financial health.
Researchers created FINESSE-Bench to test AI models on real-world financial tasks. This could lead to better AI tools for investors and financial professionals.
The Commodity Futures Trading Commission (CFTC) is using AI to monitor prediction markets like Polymarket for insider trading. This could make markets fairer and more transparent for everyday traders.
OpenAI has introduced a new version of ChatGPT that helps manage personal finances. Users can connect their bank accounts to track spending, subscriptions, and investments in one place. This is a significant step towards AI-powered financial management.
OpenAI is introducing a feature that allows ChatGPT to connect directly to your bank accounts through Plaid. This move aims to streamline financial management but raises significant trust and security questions.
OpenAI's Codex can help finance teams automate tasks like building monthly business reviews and financial models. This saves time and reduces errors in financial reporting.
OpenAI has introduced a new personal finance feature in ChatGPT for Pro users in the U.S. This allows users to securely connect their financial accounts and receive AI-driven insights tailored to their financial goals. The feature aims to make managing money easier and more intuitive for everyday users.