Tech
Amazon Plans to Power Its App Search with AI Capabilities Similar to ChatGPT. AMA Reveals US Secret Service Crypto Holdings, Other Facts
Amazon is the next big company to experiment with generative AI as ChatGPT gains popularity
Hello fellow tech enthusiasts, here are some quick tech updates that you should definitely keep an eye on!
What’s new today: Amazon lays off around 500 employees in India across various verticals.
Quick insights: AMA session reveals cryptocurrencies held by US intelligence agencies and other facts.
Amazon is the latest tech giant to experiment with generative AI, as chatbots like ChatGPT, Bard by Google, and Microsoft Bing Chat gain popularity. Bloomberg reports that the company has posted several job openings for engineers to power Amazon’s shopping app search using generative AI capabilities. According to one of the job listings, the company is “reimagining Amazon Search with an interactive conversational experience.” Amazon already has a capable virtual assistant, Alexa, though the company has faced criticism for privacy concerns.
Amazon has reportedly laid off more than 500 employees in India across multiple divisions. The latest round of layoffs is part of a larger round of layoffs announced by CEO Andy Jassy in March that affected about 9,000 people. The process is ongoing, with staff in Web Services, Human Resources and Support being let go, according to people familiar with the matter.
Cyber attacks, digital fraud, and other financial crimes With the growing popularity of digital payment apps, e-banking poses an emerging threat to the expansion of many businesses and organizations, especially in the financial sector. This has led to the demand for Fraud Detection Using AI in improving internal security and simplifying business operations. Artificial intelligence in fraud detection uses artificial intelligence algorithms trained to recognize patterns and anomalies in data that indicate fraudulent behavior. One of the most significant advantages of AI-based fraud detection systems is their ability to process large amounts of data in real time. to know more
The U.S. Secret Service’s San Francisco Field Office and the Bay Area Regional Enforcement Allied Computer Team (REACT) hosted an AMA on Reddit. While not all requests were answered, some were brought to the attention of law enforcement. On the one hand, the Secret Service’s cryptography division became operational in March 2022. And there are currently five agents employed by the agency. The division was established because the watchdog agency is responsible for protecting the country’s financial infrastructure and leaders. The REACT Task Force, on the other hand, investigates high-tech crimes.
Disclaimer: Analytics Insight does not provide financial advice or guidance. Please also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to trick you into investing financial assets that may be lost forever and not recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investment. Read more Here.