Tag: Financial institutions

ChatGPT is an AI-based system from British tech startup DeepMind, revolutionizing cybersecurity with its natural language processing capabilities and ability to scan enormous datasets to detect and analyze potential threats. It can be used to educate employees, hunt for threats, anticipate risks, assist during incidents, and detect fraud in real-time. ChatGPT may be in its infancy but it is already having a major impact on cybersecurity and data privacy.

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This week we explored how financial institutions are responding to ever-changing markets across the world. Bank of England is looking into protecting savers better, TSB's former head of IT was presented with regulation fines and Skipton Building Society created a new deposit-free mortgage option. Tupperware struggled as a result of their own success and Tesco saw a drastic drop in profits due to food inflation. Elon Musk's dream of transforming Twitter into an 'everything app' has not gone as smoothly and put him in the headlines again. Finally, a pair of Michael Jordan's signed shoes sold for $2.2 million.