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Tech

Risk and compliance with an AI edge

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A technological charge led by generative AI for GRC

 

In today’s fast-paced tech and compliance landscape, the fusion of AI and Governance, Risk, and Compliance (GRC) practices is revolutionising efficiency and innovation.

This move prompts vital questions about motivations, AI reliability, its impact on professionals and processes, and the sectors set to gain the most. This article explores these questions, offering insights into 6clicks’ generative AI for GRC and its potential to transform industries and professional strategies.

The Melbourne-based tech firm has introduced a significant upgrade to its platform, integrating the cutting-edge Hailey AI engine. This innovative development aims to enhance efficiency and precision in risk and compliance management for businesses.

The Hailey AI engine is set to revolutionize the way organisations approach risk assessment and regulatory compliance, offering real-time insights and automated solutions. It leverages advanced machine learning algorithms to process vast amounts of data, providing actionable intelligence to businesses in a fraction of the time.

With this major release, 6clicks reinforces its commitment to empowering businesses with comprehensive risk management tools. The Hailey AI engine will enable businesses to make informed decisions, streamline processes, and mitigate potential risks effectively. The intuitive interface and analytical capabilities of this integration promise a seamless user experience, further propelling 6clicks as a leader in the industry.

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Shows

Is GenerativeAI transforming education?

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Educators today are facing an uphill battle, so what’s the solution?

Today’s educators are passionate, but they’re up against diverse classrooms and outdated teaching methods.

In this episode, Trevor Furness, Chief Revenue Officer of Octopus B-I discuss their efforts to transform education. #funding futures

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News

How AI is leveraging Amazon’s fast production

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Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates.

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates, driven by strong performance in its cloud computing and AI.

Ticker’s Ahron Young & Veronica Dudo discuss.

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Tech

Tesla is slashing prices to stay competitive

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Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.

Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.

The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.
Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.

Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.

Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.
On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.
Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.
The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

Tesla is to report first-quarter earnings on Tuesday.

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