AI CORPORATION SECURES A $2.5 MILLION FUNDING ROUND: UK-based ai Corporation (ai) has raised a $2.5 million funding round from its principal existing shareholders. ai offers its clients payments and fraud prevention solutions, which leverage machine learning management tools. The money will be used to further develop its products and to expand globally — the company has already formed new contracts in Europe, the US, Australia, and Africa. Fraud detection is becoming increasingly important for financial services, with many consumers, especially those in the UK and the US being worried about being defrauded. Worries about being defrauded will likely only increase with more tech adoption, so financial institutions would be wise to work with companies like ai to better detect fraud in the future.