Cloud Wars
  • Home
  • Top 10
  • CW Minute
  • CW Podcast
  • Categories
    • AI and Copilots
    • Innovation & Leadership
    • Cybersecurity
    • Data
  • Member Resources
    • Cloud Wars AI Agent
    • Digital Summits
    • Guidebooks
    • Reports
  • About Us
    • Our Story
    • Tech Analysts
    • Marketing Services
  • Summit NA
  • Dynamics Communities
  • Ask Copilot
Twitter Instagram
  • Summit NA
  • Dynamics Communities
  • AI Copilot Summit NA
  • Ask Cloud Wars
Twitter LinkedIn
Cloud Wars
  • Home
  • Top 10
  • CW Minute
  • CW Podcast
  • Categories
    • AI and CopilotsWelcome to the Acceleration Economy AI Index, a weekly segment where we cover the most important recent news in AI innovation, funding, and solutions in under 10 minutes. Our goal is to get you up to speed – the same speed AI innovation is taking place nowadays – and prepare you for that upcoming customer call, board meeting, or conversation with your colleague.
    • Innovation & Leadership
    • CybersecurityThe practice of defending computers, servers, mobile devices, electronic systems, networks, and data from malicious attacks.
    • Data
  • Member Resources
    • Cloud Wars AI Agent
    • Digital Summits
    • Guidebooks
    • Reports
  • About Us
    • Our Story
    • Tech Analysts
    • Marketing Services
    • Login / Register
Cloud Wars
    • Login / Register
Home » AI Index: PayPal and VISA Reduce Risk with AI; ConverSight Secures $9 Million; Hugging Face Announces SafeCoder
AI/AI Index Weekly Report

AI Index: PayPal and VISA Reduce Risk with AI; ConverSight Secures $9 Million; Hugging Face Announces SafeCoder

Toni WittBy Toni WittSeptember 13, 2023Updated:September 13, 20233 Mins Read
Facebook Twitter LinkedIn Email
To adjust the volume hover the cursor over the volume bar
Share
Facebook Twitter LinkedIn Email

Welcome to the AI Index Report, featuring practitioner analyst and entrepreneur Toni Witt. This series is intended to deliver the timely intelligence about artificial intelligence (AI) you need to get up to speed for an upcoming client engagement or board meeting.

This episode is sponsored by the AI Summit Preconference at Community Summit, taking place October 16th in Charlotte, NC. The full-day preconference is dedicated to providing an understanding of where, why, and how AI should be applied to drive business results.

Highlights

Innovation (00:44)
PayPal Logo PNG Transparent & SVG Vector - Freebie Supply

PayPal CPO John Kim mentioned that a product the company is launching within the next few months relies a lot on AI. Essentially, it’s a checkout feature that tracks the different ways users input personal information, such as their address. Then, it uses AI to predict which parts of the information to use with the right merchants.

The goal of this is to reduce fraud and minimize the errors that PayPal and merchants have in their customer databases.

VISA Logo and symbol, meaning, history, PNG, brand

Throughout the payments industry, real-time payments (RTP) have become more widespread lately. The problem with this method is that there are little to no protection measures in place. Because transactions settle instantly, they are irreversible. So, VISA built RTP Prevent, which uses AI to manage risk for RTPs.

VISA uses deep learning to provide real-time risk scores to banks, which then decide whether or not to approve RTPs.

Funding (04:01)
ConverSight logo - Augment Ventures

ConverSight recently raised a $9 million Series A round of funding. The startup is leveraging generative AI to help enterprises analyze data faster and more thoroughly. This round was led by Surface Ventures. This brings ConverSight’s total funding to over $15 million.

A unique advantage of ConverSight is that it has been around already for five years, well before the emergence of newer AI technologies like ChatGPT. The company already has 200 enterprise customers that it’s serving. Additionally, the company is full-stack in the data pipelines:

  • It built a self-service platform that provides enterprises with capabilities such as data sourcing, storage, transformation, analysis, and reporting.
  • The platform uses generative AI to automatically generate visual reports.
  • It built natural language processing (NLP) into the reporting layer to provide a conversational interface for data teams to further understand and explore data.

Conversight is building a new product called Marketspace, which is a subscription-based database for commonly used AI tools but for specific uses. For instance, if a user needs inventory optimization, they could apply filters on the platform for the specific AI tools designed to tackle that task.

Product of the Week (07:32)
Brand assets - Hugging Face

Hugging Face recently announced a tool called SafeCoder, which is a coding assistant designed for enterprises. This tool differentiates itself from other similar assistants because it doesn’t expose users to a third party.

The issue with many of the coding assistants is that whatever code the assistant is given, what the model returns is exposed to a third party who operates and owns the model. This is a major concern, as it would be easy for employees to accidentally leak confidential information.

SafeCoder does not expose customers’ code bases to a third party. Hugging Face achieved this by empowering its enterprise customers to fine-tune their own models on their own code bases. It pre-trained SafeCoder with 15 billion parameters in over 80 programming languages. The deployment of SafeCoder is designed for on-premise or virtual private cloud (VPC) deployment.

Not only do enterprises avoid leaking their code base, but they also get a model that’s optimized for their hardware and fine-tuned to their specific code base and needs.


For more insights, visit the ai ecosystem channel

ai Artificial Intelligence featured funding innovation natural language processing
Share. Facebook Twitter LinkedIn Email
Analystuser

Toni Witt

Co-founder, Sweet
Cloud Wars analyst

Areas of Expertise
  • AI/ML
  • Entrepreneurship
  • Partners Ecosystem
  • Website
  • LinkedIn

In addition to keeping up with the latest in AI and corporate innovation, Toni Witt co-founded Sweet, a startup redefining hospitality through zero-fee payments infrastructure. He also runs a nonprofit community of young entrepreneurs, influencers, and change-makers called GENESIS. Toni brings his analyst perspective to Cloud Wars on AI, machine learning, and other related innovative technologies.

  Contact Toni Witt ...

Related Posts

Microsoft Adopts A2A Protocol, Agentic AI Era Begins

May 9, 2025

AI Agent & Copilot Podcast: Finastra Chief AI Officer Lays Out Range of Use Cases, Microsoft Collaboration

May 9, 2025

IBM Launches Microsoft Practice to Accelerate AI, Cloud, and Security Transformation

May 9, 2025

AI Agent & Copilot Podcast: JP Morgan Chase CISO Publicly Pushes for Stronger Security Controls

May 8, 2025
Add A Comment

Comments are closed.

Recent Posts
  • Microsoft Adopts A2A Protocol, Agentic AI Era Begins
  • AI Agent & Copilot Podcast: Finastra Chief AI Officer Lays Out Range of Use Cases, Microsoft Collaboration
  • IBM Launches Microsoft Practice to Accelerate AI, Cloud, and Security Transformation
  • AI Agent & Copilot Podcast: JP Morgan Chase CISO Publicly Pushes for Stronger Security Controls
  • ServiceNow Re-Invents CRM for End-to-End Enterprise

  • Ask Cloud Wars AI Agent
  • Tech Guidebooks
  • Industry Reports
  • Newsletters

Join Today

Most Popular Guidebooks

Accelerating GenAI Impact: From POC to Production Success

November 1, 2024

ExFlow from SignUp Software: Streamlining Dynamics 365 Finance & Operations and Business Central with AP Automation

September 10, 2024

Delivering on the Promise of Multicloud | How to Realize Multicloud’s Full Potential While Addressing Challenges

July 19, 2024

Zero Trust Network Access | A CISO Guidebook

February 1, 2024

Advertisement
Cloud Wars
Twitter LinkedIn
  • Home
  • About Us
  • Privacy Policy
  • Get In Touch
  • Marketing Services
  • Do not sell my information
© 2025 Cloud Wars.

Type above and press Enter to search. Press Esc to cancel.

  • Login
Forgot Password?
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.