5 things about AI you may have missed today: AI to dominate fintech, AI startup ElevenLabs turns unicorn, more

tech.hindustantimes.com:

AI to dominate fintech for next five years, WEF study reveals; Blockchain emerges as key tool to tackle bias in AI training; Voice AI startup ElevenLabs attains unicorn status with $1.1 billion valuation in latest funding round; EY survey unveils Gen AI's impact on Indian retail transformation- this and more in our daily roundup. Let us take a look.

AI is poised to lead fintech development over the next five years, with 70% of respondents in a World Economic Forum study highlighting its relevance. The research, conducted by Bryan Zhang of the Cambridge Centre for Alternative Finance, gathered insights from 227 fintech firms across various verticals and regions. Societal and economic impact emerged as a concern, with 41 percent emphasising the necessity for sustainable finance schemes, Economic Times reported. 

Blockchain, the technology powering Bitcoin, may revolutionise AI by addressing data bias. Executives believe using blockchain to store AI training data can prevent biases and misinformation, enhancing the technology's reliability. Casper Labs, in collaboration with IBM, is developing a system where datasets are stored on the blockchain, providing a tamper-proof record of AI training. This approach allows for monitoring and rollback if the AI exhibits undesired behaviours or hallucinations, according to a CNBC report. 

Voice AI startup ElevenLabs has achieved unicorn status, and is now valued at $1.1 billion after raising $80 million in a Series B funding round led by Andreessen Horowitz. The London-based company specialises in AI-generated voices with diverse languages, accents, and emotions. With a customer base including Storytel and The Washington Post, ElevenLabs aims to expand its remote workforce from 40 to 100 by year-end. The surge in investor interest reflects the growing adoption of AI voice generation in various industries, according to a Reuters report. 

Gen AI is driving a transformative shift in Indian retail, as revealed by a recent EY survey. With