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Silicon Valley Bank implodes, Apple launches a new music service, and ChatGPT goes enterprise

TechCrunch

most read Silicon Valley Bank implodes: Silicon Valley Bank Financial, the publicly traded holding firm of Silicon Valley Bank (SVB), is in crisis. Venture firms advised portfolio companies to move money out of SVB after the bank said it would book a $1.8 Don’t miss it. Now on to WiR.

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10 generative AI certs and certificate programs to grow your skills

CIO

There are an additional 10 paths for more advanced generative AI certification, including software development, business, cybersecurity, HR and L&D, finance and banking, marketing, retail, risk and compliance, prompt engineering, and project management.

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AI & RegTech’s Role in Helping You Automate Regulatory Compliance

Exadel

Keeping up with compliance is a costly and time-intensive job for any financial institution. In 2017, S&P Global Market Intelligence published that their research showed compliance costs were up at least 20% for many U.S. More recently, a study in 2022 showed compliance costs in North America were up a further 13.6%

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Concerns remain even as the EU reaches a landmark deal to govern AI

CIO

The provisional agreement defines the rules for the governance of AI in biometric surveillance and how to regulate general-purpose AI systems (GPAIS), such as ChatGPT. Non-compliance with the regulations may result in fines ranging from $8 million (€7.5 million) or 1.5% of the turnover to $37.6

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What are the main challenges CISOs are facing in the Middle East?

CIO

Legislative changes on a global scale have been a major challenge faced daily and it’s often exacerbated by the need to instantly change course and work towards compliance to avoid the often-hefty fines and penalties, legal liabilities and reputational damage associated with non-compliance.

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Briefing the board on AI: Educate to tee up investment

CIO

Highlight benefits and risks Because company boards are tasked with overseeing corporate compliance and social responsibility as well as reviewing revenues, expenses, and operational and financial health, CIOs must continue to educate board members about both AI benefits and AI risks.

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Sesamm bags $37M to give corporates ESG insights using natural language processing

TechCrunch

investment giant Carlyle Group , French corporate and investment bank Natixis , Japanese multinational insurance holding company Tokio Marine , and U.K.-based Image Credits: Sesamm Founded out of Paris in 2014, Sesamm has amassed a fairly impressive roster of clients from across the financial realm specifically, including U.S.