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Wikipedia on Wednesday revealed its new AI strategy for the next three years — and it’s not replacing the Wikipedia community of editors and volunteers with artificial intelligence, thankfully. Instead, Wikipedia says it will use AI to build new features that “remove technical barriers,” allowing editors, moderators, and patrollers tools that allow them to accomplish what they need to do, without worrying about how to “technically achieve it.” Amid concerns that AI could eventually impact jobs held by people today, especially in terms of content creation, Wikipedia indicates that it intends to use AI as a tool that makes people’s jobs easier, not…

The nonprofit behind Wikipedia on Wednesday revealed its new AI strategy for the next three years — and it’s not replacing the Wikipedia community of editors and volunteers with artificial intelligence, thankfully. Instead, the Wikimedia Foundation says it will use AI to build new features that “remove technical barriers,” allowing editors, moderators, and patrollers tools that allow them to accomplish what they need to do, without worrying about how to “technically achieve it.” Amid concerns that AI could eventually impact jobs held by people today, especially in terms of content creation, Wikipedia indicates that it intends to use AI as a tool that…

As AI adoption accelerates across compliance and risk management, understanding the difference between genuine AI solutions and traditional software is critical. Shwetha Shantharam, AVP and product head at 4CRisk.ai, offers expert guidance on evaluating vendors to ensure organisations invest in future-ready technology.AI agents and co-pilots move beyond traditional apps by acting autonomously, learning from interactions, and delivering outcomes rather than simply executing tasks. Buyers should ask whether vendors’ solutions operate as true AI agents, support human-in-the-loop functionality, deliver measurable ROI, and offer ownership of AI outputs.Unlike legacy analytics, real AI automates decisions, processes unstructured data, and predicts future trends. To…

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In the rapidly evolving financial security world, transaction monitoring stands as a critical defence against fraud and illicit activity. However, the persistent challenge of false positives—legitimate transactions flagged as suspicious—has long strained resources and efficiency. In the view of Laurence Hamilton, CCO at Consilient, false positive reduction has been a hot topic for many years. While some larger organisations have made in-roads in improving false positive alerts, many still struggle.He exclaimed, “In smaller organizations without technical expertise and, in many cases, the required data, the challenge of false positive reduction remains significant. With regulatory oversight remaining at high levels and scrutiny…

everyoneINVESTED is on a mission to democratise investing for all, regardless of age, financial literacy, or gender. With inclusivity at the heart of its goal, the firm aims to ensure everyone has access to investment opportunities, whether they are seasoned investors or just starting their financial journeys.The company places the investor relationship firmly within a digital framework. From onboarding and investment proposals to portfolio reporting, everyoneINVESTED focuses on technology that connects emotionally with clients without requiring human intervention. This approach not only streamlines operations and scales services efficiently but also maintains a sharp focus on individual client needs. By aligning…

Artificial intelligence has firmly embedded itself in financial services, transforming compliance functions in ways unimaginable a decade ago. It promises smarter risk detection, operational efficiency, and faster insights. But with these opportunities come new regulatory challenges, ethical concerns, and the growing threat of AI-powered crime.RegTech company Napier AI recently highlighted a recent panel discussion on the future of compliance, one clear message emerged: AI must be integrated thoughtfully, with a firm balance between innovation, governance, performance, and explainability.Around 90% of U.S. financial institutions are using or exploring AI tools for anti-money laundering (AML), according to ACAMS. The shift is a…

Dearborn, Michigan – Travelling is a normal part of life for Michigan lawyer Amir Makled. As recently as December, he went overseas and returned home to the United States without any issues. “I’ve been out of the country at least 20 times. I’ve been all over Europe. I go to Lebanon every year,” he said. But returning this month to the Detroit Metro Airport was a very different experience. He and his family had just come home from a spring-break holiday in the Dominican Republic when they reached a customs checkpoint. “The agent looked over at me and then looked…

Supio, a startup that uses AI to automate data collection and analysis for legal teams, has raised $60 million in a funding round led by Sapphire Ventures with participation from Mayfield and Thomson Reuters Ventures. The new capital, which brings Supio’s total raised to $91 million, will be put toward growth, hiring, and go-to-market efforts, co-founder and CEO Jerry Zhou told TechCrunch. Supio plans to expand its Seattle HQ and open a new office as it roughly doubles its 100-person staff. Supio is one of the many startups vying for customers and mindshare in the AI legal tech space. While…

SYRACUSE, N.Y. (AP) — A group of high school students in upstate New York are being threatened with charges of kidnapping if they don’t turn themselves into authorities over a lacrosse team hazing prank in which participants are accused of staging an armed abduction of younger players.Prosecutors allege members of the lacrosse program at Westhill High School in suburban Syracuse planned a team trip to McDonald’s that ended with one player being tied up, blindfolded and put into a trunk, Onondaga County District Attorney Bill Fitzpatrick said. The alleged victim was led to believe he would be abandoned in a…