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How to set up financial document automation using AI

UncategorisedSeptember 18, 202462Views 0Likes 0Comments

Financial document automation is not just changing the game – it's rewriting the rules. From multinational banks and big accounting firms to local insurance agencies and small healthcare providers, businesses of all sizes process hundreds and thousands of financial documents daily. The sheer volume of paperwork can be overwhelming, time-consuming, and prone to errors. Enter…

AI-Powered Automated Pentesting Protecting your Business from Cyber Attacks

IoTSeptember 18, 202465Views 0Likes 0Comments

As technology and artificial intelligence advance in 2024 and beyond, cybersecurity threats will unfortunately keep pace. In a world where “deepfakes” are already hard to discern from real videos, businesses now need to up their game to defend against genuine (and hard to detect) virtual attacks. “ According to IBM, the global average cost…

The Complete Guide to Approval Workflows on NetSuite

UncategorisedSeptember 17, 202465Views 0Likes 0Comments

One of the most complex tasks on NetSuite is setting up a spend approval process in your company. The most common use cases are for Customers, Vendor Bills, Purchase Orders and Journal Entries - but you can set up approval routing for literally anything in NetSuite. To help you do this, Oracle has provided a…

Bridging Images and Text – a Survey of VLMs

NanonetsSeptember 17, 202464Views 0Likes 0Comments

Introduction Large Language Models or LLMs, have been all the rage since the advent of ChatGPT in 2022. This is largely thanks to the success of the transformer architecture and availability of terabytes worth of text data over the internet. Despite their fame, LLMs are fundamentally limited to working only with texts. A VLM is…

Google DeepMind Researchers Propose Human-Centric Alignment for Vision Models to Boost AI Generalization and Interpretation

AI NewsSeptember 17, 202487Views 0Likes 0Comments

Deep learning has made significant strides in artificial intelligence, particularly in natural language processing and computer vision. However, even the most advanced systems often fail in ways that humans would not, highlighting a critical gap between artificial and human intelligence. This discrepancy has reignited debates about whether neural networks possess the essential components of human…

MuZero, AlphaZero, and AlphaDev: Optimizing computer systems

OpenAISeptember 17, 202466Views 0Likes 0Comments

As part of our aim to build increasingly capable and general artificial intelligence (AI) systems, we’re working to create AI tools with a broader understanding of the world. This can allow useful knowledge to be transferred between many different types of tasks. Using reinforcement learning, our AI systems AlphaZero and MuZero have achieved superhuman performance…

The Mystery Behind the PyTorch Automatic Mixed Precision Library | by Mengliu Zhao | Sep, 2024

Data ScienceSeptember 17, 202455Views 0Likes 0Comments

Data Format Fundamentals — Single Precision (FP32) vs Half Precision (FP16) Now, let’s take a closer look at FP32 and FP16 formats. The FP32 and FP16 are IEEE formats that represent floating numbers using 32-bit binary storage and 16-bit binary storage. Both formats comprise three parts: a) a sign bit, b) exponent bits, and c)…

How to Spot Fake Bank Statements: Manually and with AI

UncategorisedSeptember 17, 202451Views 0Likes 0Comments

Fraud manifests in many ways. With financial transactions and digital verifications happening at the click of a button, a new trend has emerged - the rise of fake bank statements. From forging bank statements in job and loan applications to issuing fake bank statements for visa processing and insurance claims, these fake documents seriously threaten…

How to extract data from contracts?

UncategorisedSeptember 17, 202451Views 0Likes 0Comments

Managing and reviewing contracts throughout their lifecycle is quite a challenging task for businesses. Especially since contract data is often scattered across different systems or departments - making it hard to get a quick comprehensive view of contractual obligations. Consider the volume of contracts that businesses typically deal with, the effort required to manually review…

Automating data extraction from rate confirmations

UncategorisedSeptember 15, 202456Views 0Likes 0Comments

In trucking, speed isn't simply about how fast your fleet goes. It's also about how quickly you can process a rate confirmation so that you can begin planning routes and allocating resources. It ensures you get your drivers on the road faster. However, processing rate confirmations quickly and accurately is often a challenge. For…