Canada’s Financial Transactions Analysis Centre Ramps Up Use of Artificial Intelligence to Combat Money Laundering

Canada’s Financial Transactions Analysis Centre Ramps Up Use of Artificial Intelligence to Combat Money Laundering

In its latest bid to combat financial crimes, Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC) is intensifying its reliance on artificial intelligence (AI) technology to detect suspicious transactions. The agency recently imposed fines totaling C$9 million ($6.7 million) on Royal Bank of Canada and CIBC, setting a record for individual bank fines.… Read the rest

New High-End PC Processors Unveiled by AMD at CES 2024

New High-End PC Processors Unveiled by AMD at CES 2024

Advanced Micro Devices (AMD) made a significant announcement at the CES 2024 tech trade show in Las Vegas, introducing their latest desktop processors for a new category of personal computers known as AI PCs. These Ryzen 8000G Series processors are specifically designed for intensive applications like gaming, content creation, and local AI workloads.… Read the rest

Artificial Intelligence Gets Limited Approval for Use in England’s Legal System

Artificial Intelligence Gets Limited Approval for Use in England’s Legal System

England’s legal system, known for its longstanding traditions, is cautiously embracing artificial intelligence (AI) to assist judges in producing rulings. The Courts and Tribunals Judiciary recently granted permission for judges to use AI to write opinions, acknowledging the potential benefits while urging caution regarding the use of AI for research or legal analyses due to concerns of fabricated, misleading, inaccurate, and biased information.… Read the rest

Fighting Voice Cloning Abuses: FTC Offers $25,000 for Innovative Solutions

Fighting Voice Cloning Abuses: FTC Offers $25,000 for Innovative Solutions

The Federal Trade Commission (FTC) has launched the Voice Cloning Challenge, with a prize of up to $25,000 for the most promising idea to prevent, monitor, and evaluate malicious AI vocal cloning abuses. As deepfake technology advances, scammers are exploiting it for their gains, posing a risk to unsuspecting victims and causing potential harm to creative professionals whose work can be imitated cheaply.… Read the rest

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