Tag Archives: Artificial Intelligence (AI)

JP Morgan is developing an artificial intelligence service similar to ChatGPT geared towards offering users investment advice. The software service, titled “IndexGPT,” will tap cloud computing software using AI to analyze and select securities based on its customers’ needs.  AI Investing With JP Morgan As reported by CNBC, JP Morgan applied to trademark a product under the new name this month, per a filing from the bank.  Other banks such as Goldman Sachs and Morgan Stanley...

Following OpenAI’s astonishing success, another project backed by its CEO Sam Altman has closed a significant funding round amidst a bleak year for crypto investments. The crypto ID project – Worldcoin – has raised $115 million in a Series C funding round led by Blockchain Capital. Other participants in the funding round include a16z, Bain Capital, and Distributed Global. Worldcoin, which falls under the umbrella company of Tools for Humanity, is a unique open-source protocol...

Worldcoin is in advanced talks to raise fresh capital as it nears launch in the next few weeks, according to the Financial Times. The project aims to use iris-scanning technology to create a secure global cryptocurrency called Worldcoin. Previous investors in Worldcoin include Andreessen Horowitz’s crypto fund, FTX founder Sam Bankman-Fried, and internet entrepreneur Reid Hoffman. The firm was founded in 2019 and has been working on digital identification technology using...