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US banks detect unauthorised AI agents in customer accountsIn a troubling development, leading US banks such as Morgan Stanley, Bank of America, and JPMorgan have identified unauthorized AI agents a...
US banks are blocking third-party AI agents access to customer accounts, sources sayMajor US banks, including Morgan Stanley and JPMorgan Chase, are blocking third-party AI agents from transactions. This decision comes afte...
Meet Shruti Gandhi, who launched Array Ventures in 2016; 8 years later, her first fund had returned all its capital to investorsGandhi announced the achievement in a year-end update in February 2025. It claimed that Array Ventures fully returned its 2016 Fund I in th...
Investors see risk from US midterms to AI trade as data center backlash buildsAs public criticism of data centers intensifies ahead of the US midterm elections, the implications for the AI sector and data center devel...
Meta’s AI spending and Muse adoption set to test Zuckerberg’s strategyMeta's upcoming third-quarter results will reflect its significant investments in artificial intelligence technologies and products. The co...
Meta's AI spending, Muse assistant adoption in focus for quarterly resultsMeta is gearing up to unveil its third-quarter earnings, driven mainly by notable investments in AI and the innovative Muse assistant. Rece...
Amazon says its AI chips will work with popular coding language, challenging NvidiaAmazon has unveiled TorchNeuron, a revolutionary tool that enables PyTorch code to be executed seamlessly on its Trainium AI chips. This in...
AI chip startup Tenstorrent more than doubles its valuation to $6.2 billion in funding roundBased in Santa Clara, Tenstorrent has just secured an impressive $1.5 billion in its latest funding round, propelling the AI chip startup's...
Only 8% of fund managers report improved investment returns from AI adoption: ReportDespite growing adoption of artificial intelligence (AI) in the global asset management industry, only 8 per cent of fund managers have rep...
AI race may depend more on access to power, infrastructure than chip supply: Morgan StanleyThe assessment comes as rapid investment in AI infrastructure threatens to outpace the availability of electricity, raising concerns that s...
AI race may depend more on access to power, infrastructure than chip supply: Morgan StanleyAccording to Morgan Stanley's latest analysis, the burgeoning AI infrastructure market is on track to experience a dire electricity shortfa...
Wall Street banks' bond trading revenue hit by market volatility, equities shineAmidst a backdrop of volatility in interest rates and a bond market selloff, Wall Street banks experienced a downturn in fixed-income tradi...
US stocks: Nasdaq ends sharply lower as hot inflation data stirs rate-hike worriesUS inflation data for September shows an unexpected rise due to increased gasoline costs and broader price pressures. As a result, the Nasd...
Global Market | European companies better positioned to withstand energy price shock than in 2022: AnalystsEuropean companies appear better equipped to withstand rising oil and gas prices than during the 2022 energy crisis, supported by changing ...
US AI data centre startups raise $33.5 billion in 2026 amid power constraints: ReportThe report said investors are increasingly backing technologies that combine energy supply with computing infrastructure as power availabil...
US AI data centre startups raise $33.5 billion in 2026 amid power constraints: Morgan StanleyUS startups have significantly increased their funding, raising $33.5 billion for technologies addressing AI data centre challenges. This f...
Global Market Today: Asian shares slide as chip stocks tumble; investors eye US earnings, CPIThe MSCI Asia Pacific Index declined 0.3% with equities in South Korea slipping over 3%. That came after a US gauge of chipmakers fell 2.7%...
US bank stocks near correction as earnings loom, consumer outlook in focusUS bank stocks are nearing correction territory ahead of earnings, with investors watching for clues on consumer resilience amid elevated b...
TSMC expected to report sixth straight quarter of record profit thanks to AI boomAnalysts say demand for Taiwan Semiconductor Manufacturing Co's (TSMC) AI chipmaking capacity, as well as its advanced chip packaging techn...
Nvidia, Broadcom shielded as AI power crunch hits chip supply chain, says Morgan StanleyThe brokerage estimated last month that US data-center developers face a 34% net power shortfall through 2028, equivalent to 32 GW, after a...