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Taktile makes it easier to leverage machine learning in the financial industry

TechCrunch

Meet Taktile , a new startup that is working on a machine learning platform for financial services companies. This isn’t the first company that wants to leverage machine learning for financial products. They could use that data to train new models and roll out machine learning applications.

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Banks bet on AI to deliver digital efficiencies

CIO

The Global Banking Benchmark Study 2024 , which surveyed more than 1,000 executives from the banking sector worldwide, found that almost a third (32%) of banks’ budgets for customer experience transformation is now spent on AI, machine learning, and generative AI.

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How AI orchestration has become more important than the models themselves

CIO

As many companies that have already adopted off-the-shelf GenAI models have found, getting these generic LLMs to work for highly specialized workflows requires a great deal of customization and integration of company-specific data. In 2023 alone, Gartner found companies that deployed AI spent between $300,000 and $2.9

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9 IT resolutions for 2025

CIO

Wetmur says Morgan Stanley has been using modern data science, AI, and machine learning for years to analyze data and activity, pinpoint risks, and initiate mitigation, noting that teams at the firm have earned patents in this space. CIOs are an ambitious lot. Heres what they resolve to do in the upcoming 12 months.

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Bandit ML helps e-commerce businesses present the most effective offer to each shopper

TechCrunch

Conti (who founded the company with Lionel Vital and Joseph Gilley) is a former Uber software engineer and researcher himself. Conti said the platform has been used to send millions of dollars’ worth of promotions since July, with one clothing company seeing a 20% increase in net revenue. It also raised a $1.32

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Foxglove raises $15M to build dev infrastructure for robots

TechCrunch

million, which CEO Adrian Macneil says is being put primarily toward product development and expanding the company’s product engineering and sales teams. Macneil previously led infrastructure at Cruise, the self-driving car company backed by GM (hence Vogt’s involvement), and was the first director of engineering at Coinbase.

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Taktile raises $20M to help fintech companies test and deploy decision-making models

TechCrunch

The logic behind many fintech companies’ automated decisions — decisions that determine whether a customer is approved for a credit line, for example — is hard-coded into their app’s backend. “This round will help us further accelerate our ongoing expansion in the U.S., ” Image Credits: Taktile. .

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