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AI is a huge mistake (if you don’t understand what it’s for)
It does amaze me how many people in banks and technology firms talk about Cloud, Big Data, Artificial Intelligence, Fintech, Blockchain, Apps, 5G, Analytics, APIs and more as though they are all buckets. They are buckets of technology, but in each bucket is a use case and, in many, hundreds or even thousands of use……
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Why Toys”R”Us used OpenAI’s Sora to create an AI-generated video
As Toys”R”Us continues to seek a successful post-brick-and-mortar future, it’s hoping a new AI-generated video helps portray the dreams and magic of its founder. Using Sora, OpenAI’s text-to-video platform, Toys”R”Us created a video depicting an AI-generated version of a young Charles Lazarus, who founded the company in 1948, and his father in an old-time bicycle…
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Things worth reading: 27th June 2024
Things we’re reading today include … Revolut engineers who received £80k bonuses in 2019 are now sitting on £600k+ (efinancialcareers.co.uk) Fintechs set for ‘substantial uptick’ in stock market listings as UK investment rebounds (cityam.com) Big banks pass Fed stress test as they fight stricter capital rules (yahoo.com) Central banks urged to keep pace with ‘game……
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Airties opens software innovation centre in India
Airties, a specialist in managed Wi-Fi solutions for broadband service providers, has opened its first office in India – a new R&D centre based in Bangalore, focused on enhancing the AI, cloud, and DevOps capabilities of Airties for use in Smart Wi-Fi deployments. Airties, headquartered in Paris, France, currently has other significant offices in Belgium,…
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FTV Capital deepens European business
Investment firm FTV Capital is expanding its European presence with a London office. The London team of six, led by Richard Earnshaw, will “work on deals in collaboration with FTV’s U.S. offices, and we will be able to leverage expertise from both sides of the pond to strengthen our robust pipeline of European investment opportunities,”…
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Transactions: U.S. Bank teams with Greenlight for family banking
U.S. Bank has teamed with debit fintech Greenlight Financial Technology to help parents teach financial literacy to their children. “U.S. Bank is the first financial institution to offer Greenlight through an embedded mobile app experience,” Brandon Horne, general manager of partnerships at Greenlight, told Bank Automation News. “We were able to have Greenlight’s tech embedded…
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Ariane 6’s wet dress rehearsal
The launch of the European Space Agency’s all-new Ariane 6 rocket gets ever-closer. Last week technicians at ESA’s Kourou, French Guiana spaceport completed a full ‘wet’ dress rehearsal of the rocket which was fully fuelled. The rocket took on about 180 metric tonnes of propellant and all was subsequently drained following the tests which included…
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Forecast: 4G can generate £6m+ for rural communities
An independent study carried out by connectivity consultancy FarrPoint has analysed the socio-economic impact of four EE 4G mobile sites on the rural communities they serve across the UK. The report finds: A range of social and economic benefits, worth between £249,000 and £6.9 million to different types of rural communities over 15 years. Significant additional…
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ITV hires Hoejmose as Group Chief Data and AI Officer
ITV has announced that Stefan Hoejmose will join the company as its new Group Chief Data and AI Officer, starting on July 8th. Hoejmose joins ITV from Roku, the US streaming platform, where he led the Data Science and Machine Learning team. He has previously also held senior data roles at Dyson, Sky, MediaCom and…
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Amagi selected as Lionsgate’s FAST playout and delivery partner
Amagi, the leader in cloud-based SaaS technology for broadcast and Connected TV (CTV), has announced that after rigorous testing of multiple vendors, Lionsgate has chosen Amagi to be its partner for FAST playout and deliveries globally. This strategic partnership aims to leverage Amagi’s cutting-edge cloud technology to scale Lionsgate’s content delivery capabilities globally and enable…