Managing contracts is a crucial yet complex task for banks and large enterprises. Traditionally, manual contract processing has been time-consuming and prone to errors, often leading to delays, inefficiencies, and compliance risks. The rise of generative artificial intelligence (GenAI) offers a
Conversational AI represents a significant leap forward in technology that allows machines to interact with humans in a natural, engaging manner. By employing technologies such as Natural Language Processing (NLP) and Natural Language Understanding (NLU), businesses can leverage conversational AI
The enigmatic nature of neural networks, central to modern artificial intelligence (AI) systems, is a significant challenge for researchers. Despite our substantial understanding of the mathematics that underpin these models, their intricate decision-making processes remain largely opaque. This
Ernst & Young (EY), one of the world's leading consultancy firms, has made a groundbreaking leap in integrating artificial intelligence (AI) into its business operations. Known for its commitment to innovation, EY developed a custom generative AI platform, EY.ai, which has transformed various
ServiceNow, a California-based B2B AI automation company, has announced a colossal investment of £1.15 billion over the next five years to advance the United Kingdom's artificial intelligence (AI) infrastructure and workforce. This strategic move underscores the increasing significance of AI in
In a significant move, Google DeepMind has revealed plans for an advanced AI lab assistant aimed at revolutionizing scientific research. This exciting development follows the return of AI luminary Noam Shazeer to Google, facilitated by a substantial $2.7 billion deal with Character.AI. Ambition to
