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According to Reuters, citing sources and a report by The Information, SoftBank CEO Masayoshi Son is reportedly planning to borrow $160 billion for investments in artificial intelligence (AI). The report states that company executives confirmed this intention during talks with banks last week. This move signals SoftBank's continued expansion in the AI sector, particularly amid intensifying global tech competition. Beyond the planned $160 billion, SoftBank is projected to have...

Recently, at the 12th Digital Finance and Technology Finance Conference, part of the Zhongguancun Forum series of events, Ant Group's Deepfake detection solution was selected as a “Financial Technology Innovation and Application Case.” Leveraging its Tiantong Laboratory, Ant Group has constructed the first large-scale, high-quality, multi-modal Deepfake dataset in the industry, synthesizing over a million multimedia contents that fully simulate Deepfake attack samples in real-world financial risk control environments, becoming a benchmark for evaluating existing Deepfake detection in the financial sector.

In the global fintech landscape, artificial intelligence is reshaping the way data is analyzed. London-based fintech company 9fin has recently completed a $50 million Series B funding, which will propel its AI-driven debt capital market analysis platform to the next level. Co-founder and CEO Steven Hunter stated that 9fin's core mission is to provide market professionals with smarter and faster data insights. Co-founder and CTO Huss El-Sheikh emphasized the importance of investing in top talent.

One Zero is a fintech company aimed at applying artificial intelligence to retail banking services. The company was co-founded by Amnon Shashua, the founder and CEO of Mobileye, and is currently raising at least $100 million. One Zero's mission is to make private banking services accessible to the public, achieving this goal through a dual business focus. Source note: The image is AI-generated, licensed from service provider Midjourney in Israel, One Zero has secured.

Healthcare fintech startup PayZen has successfully completed a $232 million Series B funding round in San Francisco, led by industry sources. This funding aims to expand the AI-driven healthcare payment platform, designed to eliminate financial barriers to care by providing support for patients through personalized payment plans while improving the financial outcomes of the healthcare system. PayZen's AI platform is integrated into electronic health record systems, analyzing various data points to create customized payment plans for patients.

SoftBank Group has partnered with Tempus AI to create a new joint venture aimed at utilizing artificial intelligence (AI) to analyze personal medical data and provide treatment recommendations. SoftBank Group CEO Masayoshi Son announced the news at a press conference in Tokyo.

In 2024, Goldman Sachs' Chief Investment Officer predicts that hybrid AI will dominate, and applications will rise. The construction of foundational models will be limited to wealthy companies, while most enterprises will focus on building small-scale neural networks. The emergence of third-party applications in 2024 is anticipated, forming new application and tool layers around foundational models. Emphasis is placed on the need for companies to coordinate security, foster a collaborative spirit, and establish principles and regulations to manage potential risks. In 2024, capital will flow towards application and tool layers, driving ongoing development in the field of AI.

In 2023, the investment enthusiasm for AI in the Fintech sector continues to rise, accounting for over a quarter of total venture capital. Most leading AI products are built by startups, and the competitive landscape is yet to solidify. The growth of AI products is very healthy, with strong consumer willingness and ability to pay. AI is driving four major transformations in the Fintech sector: security, investment, productivity, and customer service. The future of the Fintech industry remains uncertain, but the potential of AI is immense.

Hyper-personalization uses AI to analyze vast amounts of customer data, offering tailored financial products. Advanced AI algorithms are revolutionizing fraud detection, enhancing security measures. AI-driven robo-advisors provide users with personalized investment guidance.