OCR Labs Global, a developer of digital ID verification (IDV) solutions, has rebranded as IDVerse. The move away from OCR (Optical Character Recognition) in the company’s name reflects how the IDV landscape has changed since 2014 when OCR Labs began operating in Australia.
At least 30% of generative AI (GenAI) projects will be abandoned after proof of concept by the end of 2025, due to poor data quality, inadequate risk controls, escalating costs or unclear business value, according to Gartner, Inc.
A new study published in Nature has raised alarm bells about the future of artificial intelligence (AI) development, warning that training AI models on AI-generated text can lead to rapid deterioration in output quality. This phenomenon, dubbed "model collapse," could potentially halt progress in large language models (LLMs) as they exhaust human-derived training data and increasingly encounter AI-generated content online.
The Victorian Office of Public Prosecutions (OPP) has implemented a new matter management system, 'Amicus', on the Appian AI Process Platform. The solution leverages Appian's data fabric and process automation technology suite to accelerate prosecutions. Using Appian, the OPP anticipates a productivity gain of over 10% annually.
Manufacturing companies are scaling back their plans to deploy to Generative AI initiatives amid increasing worry about the models sharing inaccurate information, a new study has found.
As artificial intelligence (AI) continues to reshape business landscapes, a critical challenge has emerged: how to harness AI's power while safeguarding sensitive data. Secuvy believes it has the answer with its newly unveiled AI-driven data governance and privacy platform.
Eighty percent of organizations have increased their investment in generative AI since 2023, and 20% have maintained their investment level, according to Harnessing the value of generative AI: 2nd edition – a new report from Capgemini Research Institute.
Planit, a provider of testing services worldwide, has emphasized the crucial role of thorough testing before releasing software following the recent CrowdStrike 2024 outage.