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Gen AI could make KYC effectively useless

January 8, 2024

KYC, or “Know Your Customer,” is a process intended to help financial institutions, fintech startups and banks verify the identity of their customers. Not uncommonly, KYC authentication involves “ID images,” or cross-checked selfies used to confirm a person is who they say they are. Wise, Revolut and cryptocurrency platforms Gemini and LiteBit are among those […]

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OpenAI claims NY Times copyright lawsuit is without merit

January 8, 2024

In late December, The New York Times sued OpenAI and its close collaborator and investor, Microsoft, for allegedly violating copyright law by training generative AI models on Times’ content. Today, OpenAI published a public response in which the startup — unsurprisingly — claims that the case is without merit. In the response, posted this afternoon […]

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Neoplants shows off its Neo P1 bio-engineered air-purifying plant

January 8, 2024

At CES 2024, French startup Neoplants is showing off its progress with its houseplants that work as air purifiers designed for the home. The bio-engineered plants can, according to the company, replace 20 “regular” houseplants, as measured by how many pollutants the plants can remove from the air. Neoplants bioengineers houseplants to use them as […]

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LoanDepot hit by suspected ransomware attack

January 8, 2024

Mortgage and loan giant LoanDepot said Monday it is experiencing a cyberattack and that it’s “working diligently to restore normal business operations as quickly as possible.” The Irvine, Calif.-based company said in a brief statement on its cybersecurity incident page that it has “taken certain systems offline” and is “working quickly to understand the extent […]

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