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AI Was Supposed to Save Companies Money Now It Is Draining Their Budgets
For years, corporate executives were promised a future in which artificial intelligence would handle the work of human employees around the clock, slash payroll expenses, and make businesses more profitable. Companies rushed to embrace that vision, with some even cutting jobs to accelerate their transition. However, an uncomfortable problem is now emerging: running AI systems…
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America’s Biggest Banks Are Battling a New AI Threat That Could Put Customer Accounts at Risk
Artificial intelligence is beginning to take on tasks that once required people to log into their bank accounts themselves. From reviewing spending habits to handling routine financial requests, AI agents are becoming more capable of acting on behalf of their users. But major American banks are now confronting an unexpected problem as these digital assistants…
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Ford Rehires Veteran Engineers After AI Falls Short on Quality Checks
Not long ago, Ford’s leadership spoke about artificial intelligence with the conviction of true believers, predicting that the technology would reshape its factories and leave much of the white-collar workforce behind. The company poured the technology into its operations, including the critical task of inspecting the quality of the vehicles rolling off its lines, confident…
