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Saudi Arabia’s CITC Hosts 1st RegTech Symposium with Participation of Global Experts

Among other things the symposium aims to shed light on the role and importance of regulatory technologies in governance
Among other things the symposium aims to shed light on the role and importance of regulatory technologies in governance
TT
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Saudi Arabia’s CITC Hosts 1st RegTech Symposium with Participation of Global Experts

Among other things the symposium aims to shed light on the role and importance of regulatory technologies in governance
Among other things the symposium aims to shed light on the role and importance of regulatory technologies in governance

Saudi Arabia’s Communications and Information Technology Commission (CITC) will host the first Regulatory Technologies (RegTech) symposium on Monday.

The symposium aims to shed light on the role and importance of regulatory technologies in governance, risk, and compliance management. It discusses a multitude of topics that range from the roles played by companies and institutes in regulation and oversight to the promising opportunities for startups and entrepreneurs.

The symposium will comprise lively panel discussions and engaging presentations, which in their entirety will lay the foundation for what RegTech is, examine the most promising opportunities for RegTech in the Kingdom, and sneak a peek into the latest global practices in RegTech. This will take place in the presence of some internationally-acclaimed experts as well as compliance and risk management specialists from various companies and regulatory bodies in the Kingdom.

Within its wide spectrum of topics, the symposium will put emerging and advance technologies under the spotlight for the purposes of emphasizing the role of those technologies in improving regulatory and supervisory performance, contributing to compliance, alleviating regulatory burdens, and increasing operational efficiency.

The event will also survey the most prominent RegTech solutions and emerging companies.

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Anthropic Releases AI to Automate Mouse Clicks for Coders

Anthropic logo is seen in this illustration taken May 20, 2024. (Reuters)
Anthropic logo is seen in this illustration taken May 20, 2024. (Reuters)
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Anthropic Releases AI to Automate Mouse Clicks for Coders

Anthropic logo is seen in this illustration taken May 20, 2024. (Reuters)
Anthropic logo is seen in this illustration taken May 20, 2024. (Reuters)

Anthropic, a startup backed by Alphabet and Amazon.com, released a pair of updated artificial intelligence models on Tuesday, along with a new capability to autonomously perform computer tasks and save users keystrokes.

The new "computer use" feature can tell AI "where to move the mouse, where to click, what to type, in order to do quite complicated tasks," Anthropic's Chief Science Officer Jared Kaplan said in an interview.

The capability is tailored to software developers and represents a move toward AI agents, programs that require little human intervention to carry out multi-step actions. Researchers have touted agents as a frontier for AI development beyond chatbots, which easily conjure prose or computer code though not actions.

Anthropic demonstrated a use case for the feature that entailed coding a basic website, and another that used various programs including Google Search and Apple Maps to plan a sunrise outing.

Anthropic offers software developers three versions of Claude, its family of AI models, at price points that vary based on their performance. This week's updates come to Sonnet, the mid-tier model, and Haiku, the cheapest.

The new 3.5 Haiku can generate computer code in a manner "almost comparable" to the version of Sonnet released in June, according to Kaplan. CEO Dario Amodei told Reuters at the time that the company intended to update Opus, the most capable model, by the end of the year.

The computer use feature is currently limited to the new version of Claude 3.5 Sonnet and comes with safeguards to prevent its application toward spam, fraud and election-related misuse, Anthropic said. Kaplan said the AI still makes mistakes.

Mike Krieger, a co-founder of Instagram who joined Anthropic this spring as chief product officer, said the company wants feedback from business customers to learn where to focus development of the feature. Meanwhile, a labs team inside Anthropic is exploring how to make the capability available for consumers, something Krieger said he personally wants.

"I was booking flights," he said. "I really just want this to be completely automated."

Microsoft on Monday unveiled an application for its clients to build their own agents that can handle queries, identify sales leads and manage inventory.