Date Posted: 2024-08-26 13:26:18
Summary
Visa is reportedly considering a multimillion-dollar bid for fraud-prevention firm Featurespace. The payments giant is in advanced talks about a possible sale, Sky News reported. The report notes that Featurespace has seen demand for its services balloon amid rising financial scams. Scam Detect lets financial institutions use the information they already have more effectively by consolidating it into a unique piece of intelligence. Black box AI refers to systems that produce outputs or decisions without clearly explaining how they arrived at those conclusions. Researchers are pushing for explainable AI (XAI) to address these issues. As AI advances, we may need new ways to understand and trust these systems. This could mean AI that offers different levels of explanation for various stakeholders. The challenge lies in harnessing AI’s power while ensuring it remains accountable and trustworthy. Uber Fined $324 Million for EU Data Protection Breach. 50% of Amazon Prime, Walmart+ Subscribers Step Up During Sales Events Subscribe PYMNTS Today Artificial Intelligence Cryptocurrency B2B Digital Transformation. Follow these instructions to enable Push Notifications.
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