The industry is taking advantage of banks’ newfound interest in offloading some of the consumer debt on their books.
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The total reflects big banks’ increasing use of alternative financial institutions that are using the funds for riskier bets.
Its recent patent adds to several for cryogenic storage that works in tandem with server farms.
Using fake data is “not a panacea” to the security woes these models face.
Despite the buzz, the promises of this tech may be “underhyped,” one expert said.