EY, a member of the Big Four accounting firms, recently tested an artificial intelligence system on its UK audit clients’ accounts, yielding remarkable results. In the trial, as reported by the Financial Times, EY’s AI system detected fraudulent activities in
Generative AI has emerged as an investment priority for CEOs despite the risks it poses, according to a recent KPMG study. Findings of the study reveal that CEOs continue to pour money into AI technology, which they believe will give
The use of AI in finance has a myriad of applications, offering numerous benefits such as fraud detection, robo-advice, algorithmic stock trading, and personalized chatbots. However, a recent paper by the accountancy and auditing firm Deloitte, highlights the potential unintended consequences
Companies in India are preparing to fully embrace the metaverse. Commercial industries are creating their own metaverses, and national museums are taking steps to offer immersive experiences to visitors. Additionally, India Inc. is also making a significant effort to train
The extended reality (XR) devices, edge and cloud computing, 5G and 6G cellular networks, artificial intelligence and machine learning, the internet of things, “volumetric scanning and 3D modeling,” and, to throw in a few more buzzwords, a point covering “blockchain/cryptocurrency/NFTs,
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