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In 2023, Dave Haase was a CPA who had been running his own firm in the San Francisco Bay Area for several years when he saw a live demo of OpenAI’s ChatGPT. Upon seeing the AI agent successfully file a tax return on the screen, the accountant realized: “My business is either dead in 18 […]
In 2023, Dave Haase was a CPA who had been running his own firm in the San Francisco Bay Area for several years when he saw a live demo of OpenAI’s ChatGPT. Upon seeing the AI agent successfully file a tax return on the screen, the accountant realized: “My business is either dead in 18
A boom in late-stage and growth funding helped buoy venture funding in Latin America for the first quarter of 2026, Crunchbase data shows. Startups in Latin America raised a combined $1.03 billion across seed- and growth-stage deals in the three-month period ending March 31. That was up 12% year over year and down 6% from
Global Investors Help Boost Latin America’s Late-Stage Funding Boom In Q1 Read More »
As artificial intelligence becomes a driving force in financial prediction, the reliability of its forecasting tools faces increasing scrutiny. Many traders question whether claims of high accuracy translate into consistent results under live market conditions. Understanding how these AI systems are evaluated reveals important distinctions between performance in theory and practice. Few financial domains are
Assessing AI powered price forecasting tools in currency markets Read More »
To gain financial data insights, the majority of family offices now turn to AI, according to new research from Ocorian. The global study reveals 86 percent of these private wealth groups are utilising AI to improve their daily operations and data analysis. Representing a combined wealth of $119.37 billion, these organisations want machine learning to
Ocorian: Family offices turn to AI for financial data insights Read More »
Trayd, a startup that is building a back office operating system for the construction industry, has raised $10 million in Series A funding, it tells Crunchbase News exclusively. White Star Capital led the company’s Series A, which was raised in just three weeks and included participation from repeat backers Y Combinator and Suffolk Technologies. The
Storied venture capital firm Kleiner Perkins announced Tuesday that it has raised $3.5 billion across new funds with a primary focus on artificial intelligence. The fundraise includes $1 billion for KP22, a fund to back early-stage companies, and $2.5 billion targeted for growth-stage investments. It’s a considerable increase in capital commitments compared to the last
Kleiner Perkins Raises $3.5B For AI-Focused Funds Read More »
Storied venture capital firm Kleiner Perkins announced Tuesday that it has raised $3.5 billion across new funds with a primary focus on artificial intelligence. The fundraise includes $1 billion for KP22, a fund to back early-stage companies, and $2.5 billion targeted for growth-stage investments. It’s a considerable increase in capital commitments compared to the last
Kleiner Perkins Raises $3.5B For AI-Focused Funds Read More »
Mastercard has developed a large tabular model (an LTM as opposed to an LLM) that’s trained on transaction data rather than text or images to help it address security and authenticity issues in digital payments. The company has trained a foundation model on billions of card transactions, with the intention of expanding to hundreds of
Mastercard keeps tabs on fraud with new foundation model Read More »
The US Treasury has published several documents designed for the US financial services sector that suggest a structured approach to managing AI risks in operations and policy (see subheading ‘Resources and Downloads’ towards the bottom of the link). The CRI Financial Services AI Risk Management Framework (FS AI RMF) comes with a Guidebook [.docx] which
US Treasury publishes AI risk Guidebook for financial institutions Read More »
