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What's New Today: Amazon Fires Approximately 500 Employees in India Across Verticals.
Fast-Track Insights: AMA session reveals US Secret Service's crypto holdings and other facts.
Amazon is the latest tech titan to experiment with generative AI, as chatbots such as ChatGPT, Bard by Google, and Microsoft Bing Chat gain popularity. Bloomberg reports that the business has offered several job postings for engineers to boost the Amazon shopping app's search using generative AI features. According to one of the jobs, the business is "reimagining Amazon Search with an interactive conversational experience." Amazon already has a capable virtual assistant, Alexa, though the corporation has been chastised for privacy issues.
According to reports, Amazon has laid off over 500 employees in India across several sectors. This latest wave of layoffs is part of a larger round announced by CEO Andy Jassy in March, which affected around 9,000 people. According to persons acquainted with the situation, the process is still underway, and personnel from the Web Services, Human Resources, and Support departments are being let off.
Cyberattacks, digital frauds, and other financial crimes With the rising popularity of digital payment apps, e-banking poses an emerging threat to the expansion of many businesses and organizations especially in the financial sector. This led to the demand for AI Fraud detection in improving internal security and simplifying corporate operations. Artificial Intelligence in fraud detection uses trained AI algorithms to recognize patterns and anomalies in data that indicate fraudulent behavior. One of the most significant advantages of AI-based fraud detection systems is their ability to process large amounts of data in real-time. Read More
The San Francisco Field Office of the United States Secret Service and the Bay Area Regional Enforcement Allied Computer Team (REACT) hosted an AMA session on Reddit. While not all inquiries were answered, some were brought to the attention of law enforcement. On the one hand, the Secret Service's crypto section became operational in March 2022. And there are presently five agents employed by the agency. The division was established because the enforcement agency is in charge of securing the country's financial infrastructure as well as protecting leaders. The REACT Task Force, on the other hand, investigates high-tech crimes.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
