Mastercard's AI Boosts Fraud Detection

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Where we imagine AI in careers and lives.

IN TODAY’S ISSUE

• Mastercard's AI Boosts Fraud Detection

• AI Headband Offers Dreamworld Control Soon

• Google Bard Now Generating Photos with AI

• Become AI-Literate: The New Power Skill Guide

• Positive Twist: The Benefits of AI Hallucinations

Mastercard's AI Boosts Fraud Detection

Mastercard launches Decision Intelligence Pro, a proprietary generative AI model for real-time fraud detection.

• Claims up to 300% improvement in fraud detection rates.

• Invested $7 billion in cybersecurity and AI.

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QUICK LINKS

• A.I. Search Engine Outperforms Google for Many

• Meet Rufus: Amazon's New AI Shopping Assistant

• Google: Public Access to AI Image Generator

• Volkswagen Ventures into AI with New Tech Co.

• Meta Plans In-House AI Chips for 2024

AI Headband Offers Dreamworld Control Soon

Prophetic's AI headband, Halo, claims to induce lucid dreams, letting users control dreamworlds.

• Seeking beta testers with a refundable deposit.

• Shipping is expected in winter 2025.

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Google Bard Now Generating Photos with AI

Google's Bard chatbot now includes AI image generation using Imagen 2.

Competing with ChatGPT Plus, Bard's feature is free, while Google emphasizes responsibility with watermarking and safety measures.

ImageFX tool for generative AI also introduced.

Bard expands to over 40 languages and includes a double-check feature in 40 languages.

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Become AI-Literate: The New Power Skill Guide

Booz Allen's Jim Hemgen emphasizes embracing AI, even without leadership support.

Learning the basics takes only 8-10 hours in a low-code, no-code era.

Dr. Chris Brauer advocates for a 'learn-it-all' mindset for effective AI education.

AI literacy is a crucial power skill, akin to critical thinking and problem-solving.

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Positive Twist: The Benefits of AI Hallucinations

Generative AI's tendency to "hallucinate" can be unsettling but holds creative potential.

Harvard professor Martin Puchner sees it as a cultural syncretism machine, fostering creativity.

Despite challenges, generative AI can enhance human creativity in various fields.

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That’s a wrap for today…

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Samuel