FinTech News
-
Grok-3’s Self-Correction Mechanisms Set a New Standard for AI Fact-CheckingGrok-3, the AI developed under Elon Musk’s X, has demonstrated impressive fact-checking capabilities, powered by advanced self-correction mechanisms. Despite concerns over its data collection practices, Grok-3’s ability to flag misinformation—even from Musk himself—shows its potential to transform content moderation.
Friday, February 21st 2025 12:00AM -
Offa Broadens Access to Sharia-Compliant Buy-to-Let FinanceIslamic fintech firm Offa introduces inclusive property financing options for first-time buyers and young investors.
Thursday, February 20th 2025 12:00AM -
OpenAI Launches SWE-Lancer: A New AI Benchmark for Real-World Freelance CodingOpenAI introduces SWE-Lancer, an AI benchmark testing models on 1,400 real freelance coding tasks from Upwork, exposing their limitations in software development. Open-source tools provide insights into AI's economic impact.
Thursday, February 20th 2025 12:00AM -
Data capture in banking: Navigating the digital revolutionAI-powered data capture is revolutionizing banking, from mobile check deposits to instant customer onboarding. As automation reshapes financial services, banks must navigate the critical balance of innovation and security.
Wednesday, February 19th 2025 12:00AM -
![[VIDEO] Grok-3 Launch: xAI’s Breakthrough in AI Development and the Challenges Ahead](https://fintechweekly.s3.amazonaws.com/article/414/Grok_3_Launch_-_xAI_new_chatbot_surpasses_competitors_-_including_ChatGPT-min.png)
[VIDEO] Grok-3 Launch: xAI’s Breakthrough in AI Development and the Challenges AheadxAI has unveiled Grok-3, a major leap in artificial intelligence, positioning it as a direct competitor to OpenAI’s GPT-4o. Powered by the Colossus supercomputer, Grok-3 has set new benchmarks in performance, but concerns about data ethics, misinformation, and privacy remain.
Tuesday, February 18th 2025 12:00AM -
Web3 Innovations Transforming Cross-Border Payments in FintechRecent developments in Web3 technologies are revolutionizing cross-border payments, offering faster, more secure, and cost-effective solutions for international transactions.
Monday, February 17th 2025 12:00AM -
Branded Article
How RAG Tools Are Revolutionizing Retrieval-Augmented Generation for Smarter AI SystemsRetrieval-Augmented Generation (RAG) is an innovative technology that significantly enhances the capabilities of AI language models by integrating external information retrieval with generative processes.
Monday, February 17th 2025 12:00AM -
Elon Musk’s Grok 3 AI Set to Challenge Chatbot GiantsxAI’s latest chatbot, Grok 3, is launching on February 17, 2025, at 8:00 PM Pacific Time (February 18, 2025, at 5:00 AM UTC+1) with claims of superior reasoning abilities. Backed by powerful computing resources, it aims to surpass OpenAI and Google in the artificial intelligence field.
Monday, February 17th 2025 12:00AM -
The Geopolitical AI War: How We Got Here - FTW Sunday EditorialThe AI War isn’t coming—it’s already here. As the U.S., China, and the EU battle for dominance in artificial intelligence, history repeats itself in a new kind of Cold War. How did geopolitics shape this silent arms race, and what forces led us to the current Geopolitical AI War? Dive into the past to understand the future of power.
Sunday, February 16th 2025 12:00AM -
EU's InvestAI Initiative: Can €200 Billion Close the AI Gap with the U.S. and China?The European Union is ramping up artificial intelligence investments with a new initiative, InvestAI, to bridge the funding and development gap with the U.S. and China. This move follows concerns over slow innovation and excessive regulations that have hindered Europe's AI sector.
Saturday, February 15th 2025 12:00AM -
DeepSeek Shakes AI Industry as China’s Open-Source Model Gains GroundThe rapid rise of China’s DeepSeek AI model is disrupting the artificial intelligence industry, challenging Silicon Valley’s dominance. As open-source technology fuels innovation in China, U.S. firms and policymakers scramble to respond. This shift raises questions about global AI leadership, economic implications, and technological security.
Friday, February 14th 2025 12:00AM -
European Union Pledges €200 Billion to Strengthen AI Industry and Compete GloballyThe European Union has announced a massive €200 billion investment to advance its artificial intelligence sector. The initiative, revealed at the AI Action Summit in Paris, aims to build AI gigafactories and close the gap with the United States and China. With this commitment, Europe positions itself as a major player in AI development and infrastructure.
Thursday, February 13th 2025 12:00AM -
Trump Administration Suspends Consumer Financial Protection Bureau OperationsThe Trump administration has ordered the Consumer Financial Protection Bureau (CFPB) to halt all activities, leading to significant concerns about the future of consumer financial safeguards.
Wednesday, February 12th 2025 12:00AM -
Fed Chair Powell Signals Cautious Approach Amid Economic Strength, Implications for Fintech and BankingFederal Reserve Chair Jerome Powell, in his testimony before the Senate Banking Committee, reaffirmed a patient stance on interest rate adjustments. While his remarks focused on inflation control and economic stability, his cautious approach to monetary policy could have significant implications for fintech innovation, open banking, and financial sector partnerships.
Tuesday, February 11th 2025 12:00AM -
Fintech Startup Cushion Closes After Eight Years Amid Industry ShiftsCushion, a fintech company that helped consumers manage bank fees and buy now, pay later (BNPL) loans, has shut down. The closure highlights the ongoing struggles fintech startups face, even as some companies prepare for public offerings.
Monday, February 10th 2025 12:00AM