AI Is Finding Its Feet In Cross-Border Payments – But There’s A Long Road Ahead

This weekend, the unexpected firing of OpenAI CEO Sam Altman, and his rapid hiring by Microsoft
MSFT
shortly after talks on his return fell through, drew fresh attention to a field that has had the business world’s focus in 2023.

Almost every industry has seen discussion around AI and its potential benefits over the course of the year, thanks to a reignition in interest caused by the launch of OpenAI’s tentpole generative AI product ChatGPT. First launched in November 2022, with the updated GPT-4 and a premium version that included API support made available in March 2023, ChatGPT has since been incorporated into several platforms, including Microsoft search engine Bing. It has also seen the rise of several competitors, including Google’s Bard.