stripe and Nvidia We expanded our partnership to enhance Stripe’s artificial intelligence-powered capabilities and enable developers and businesses to prepay for select Nvidia cloud services.
This new effort builds on an existing partnership in which Stripe uses Nvidia’s high-speed computing platform to train machine learning models that power some of its financial infrastructure platforms for enterprises., The company announced on Wednesday (October 9th). press release.
“At Stripe, we’ve been working on building a number of features that are useful across AI products, including usage-based billing to handle inference costs. link These products are typically global from the start, allowing for higher conversion rates at checkout and support for more local payment methods,” said Stripe Co-Founder and CEO. Patrick Collison said in a release.
Stripe’s AI-powered features include: Optimized checkout suitewhich uses AI to determine which payment method to display to each customer. striped radarUse AI to improve the speed and accuracy of fraud detection. and radar assistantIt leverages AI to allow businesses to set new fraud rules written with natural language prompts, according to the release.
With new partnership with Nvidia, Stripe takes AI even further Fraud detection for customerssays the release.
Additionally, Stripe will expand global access to Nvidia’s GPU and AI software by allowing developers and businesses to prepay for some Nvidia cloud services, the release states.
“Stripe was an early pioneer of Nvidia’s AI platform and is now an industry leader in enabling companies around the world to use AI to develop new engines for growth,” said Nvidia Founder and CEO. CEO jensen fan said in a release.
with Patrick Collison John Collison Stripe was founded in 2009 and online paymentwe soon received requests for unexpected additional features other than payments.
“We realized that what businesses want is software-defined financial services, which make money programmable in real-time with rich data that enables business insights. “ML is a layer that ties together the existing financial ecosystem in a way that provides comprehensive global coverage,” said John Collison in his opening remarks at Stripe’s annual user conference in San Francisco in April. He said this in his lecture.
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