Advisory firm Ankura launches generative AI tool crafted wit...

DUBAI : Advisory and forensic accounting firm Ankura Consulting said on Friday it had launched a custom, generative Artificial Intelligence (AI) tool developed in partnership with Microsoft-backed firm and ChatGPT creator OpenAI. The tool, called NoraGPT, is being used in Ankura's secured environment to ensure data protection for staff and clients, it said in a statement. The platform has human-like features such as long-term and "forever" memory capabilities, which align with Ankura's own AI solutions. It will also help with file management. "Just speaking internally, it's going to impact every aspect, every functional area that we have," Ankura CEO Kevin Lavin told Reuters. Lavin expects AI tools to be applied to various fields such as fraud detection, safety and security, as well as to boost client intake. "It's going to be a lot more," he added. He also said that AI would have a...