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AI IN BANKING
The AI boom may transform the economy and still destroy capital, with stranded data centres and heavy investor lossesInvestments in artificial intelligence by major companies have significantly increased in recent years. The overall investment in other sec...- Neocloud firm Argentum AI in talks for $5 billion AI chip financing, sources sayOne of the people said the money would pay for additional chips for the data center Argentum secured in Poland with DL Invest Group, and th...
- UBS says it does not permit the use of external AI models for client transactionsConcerns that sophisticated AI agents could harm the financial system have risen within the banking industry. Major US banks have been bloc...
- Global Market: China, Hong Kong stocks slip as technology shares extend lossesChina and Hong Kong stocks edged lower as weakness in technology and AI-related shares outweighed faster industrial-profit growth and fresh...
- Protectt.ai takes majority stake in Bosch-incubated AIShield to build security platformProtectt.ai, backed by Bessemer Venture Partners, has invested through a mix of primary and secondary share purchases. The business — AI Sh...
- Cognizant signs five-year large deal with Europe's EBRDWhile the financial terms were not disclosed, two people privy to the matter told ET that the deal was estimated to be in the range of $100...
- AI cuts some Deutsche Bank corporate loan decisions to minutesDeutsche Bank is revolutionizing corporate lending by harnessing AI technology to expedite decision-making processes. This innovation is se...
- Brazil's Itau agrees to buy AI startup NeoSpace for $589 millionIn a significant move to enhance its artificial intelligence capabilities, Brazilian lender Itau has agreed to acquire NeoSpace AI for 2.92...
- Big Tech’s AI push faces a $1 trillion profit test, says UBSUBS Global Research indicates that major cloud companies must generate an additional $1 trillion in operating profits by 2031. They are exp...
- Rogue AI agents exposing India’s data law blindspotsAs companies edge closer to the May 2027 enforcement deadline for the Digital Personal Data Protection (DPDP) law, AI’s emerging cybersecur...
- Investments in emerging sectors rise, but bank and NBFC financing remain limited: ReportEmerging sectors like AI, semiconductors, and defence are attracting significant investments while bank lending is limited. The financing p...
- India's emerging sectors to drive capex, credit demand towards storage, semiconductors: ReportFinancing demand in India's emerging sectors is expected to shift towards battery storage, semiconductor packaging, green hydrogen projects...
- Financing demand set to shift to emerging sectors like AI, semiconductors: ReportIndia’s emerging sectors are set to attract fresh bank financing over the next three to five years, with AI, semiconductors and defence lea...
- Scaling AI agents a bottleneck for Indian enterprises: Dynatrace’s Rafi KatanashoKatanasho believes autonomous agents can fail silently, delivering poor business outcomes without triggering system alerts.
- Bank of Japan warns of risks from AI market shock, cyberattacks"If expectations regarding the profitability of AI-related investment were to decline, shocks could be amplified, mainly through portfolio ...
- 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...
- Westpac's latest job cuts not AI-driven, spokesperson saysWestpac is set to eliminate approximately 140 positions as part of a restructuring effort. The Finance Sector Union highlights that the ban...
- AI debutant’s flameout stokes fears boom is endingElice, a data center and AI developer, faced a significant decline in its stock price during its debut. This situation exemplifies a broade...
- ISB programme explores AI’s growing role in the future of digital financeThe Executive Programme in Fintech and AI at ISB is crafted to equip finance professionals with cutting-edge skills in financial services. ...
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