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BRITISH BANKS AI STRATEGY
Wall Street banks see AI 'super cycle' set to boost deals, financingInvestment banks have reaped strong fees from AI-related deals, including SK Hynix's $26.5 billion ADR offering and SpaceX's record $86 bil...- UK banks' lack of Mythos access a wake-up call, government AI adviser saysHarriet Rees, chief information officer at Starling Bank, who was appointed "AI champion" by the finance ministry in January, said Britain ...
- 7,700 jobs down: India’s top private banks’ workforce reduce as tech wonder gets busyIndia's largest private banks are reducing staff numbers. This shift reflects increased automation and artificial intelligence adoption. Te...
- Nobel laureates among more than 200 experts urging action on AI's economic impactThey issued the jointly signed statement on Monday, warning that AI could drive a larger economic transformation than the Industrial Revo...
- Y Combinator's Tom Blomfield joins Anthropic's compute teamBlomfield was at YC as a partner, mentoring founders across multiple batches after building two unicorns. He was awarded an OBE (Officer of...
- Getting access to Mythos high on priority but other AI models also being utilised: IT SecyMythos - an advanced AI model developed by Anthropic - has been able to "lay bare" vulnerabilities that existed in the original code of wid...
- AI delivers bigger financial gains only when companies redesign workflows: McKinseyCompanies gain little by adding AI to existing processes. True benefits emerge after redesigning work around AI. Most organisations use AI ...
- South Korea flags record 2027 budget of over $530 billion as AI chip boom lifts revenuesSouth Korea plans record budget spending exceeding 800 trillion won for fiscal 2027. This significant spending will be supported by stronge...
- Dollar jumps on renewed Middle East attacks, Hormuz closureThe dollar strengthened against most currencies due to renewed Middle East conflict. This conflict fueled inflation fears and increased rat...
- Meet Mana Jampala: The 12-year-old who learned Python at age 9 and built Voxa, an AI startup helping businesses in multiple countries avoid missed calls and customersA twelve-year-old student named Mana Jampala created an AI receptionist. This innovative tool, Voxa, helps small businesses manage customer...
- SoftBank names ex-Goldman Sachs trader Mark Agne to lead Vision Fund financesSoftBank Vision Fund has appointed Mark Agne to lead finance and technology roles. The move follows a series of staffing changes at SoftBan...
- UK tax rule weakens FCNR deposit appeal for wealthy NRIsA steep UK tax on 'global earnings' and the bar on treating interest on certain loans as 'deductible' have reduced the appeal of foreign cu...
- People 'disdain' AI, says director Christopher NolanOscar-he believed the kind of movies he makes -- big-budget action films shot mostly on location -- would survive the spread of AI, a techn...
- Rinki Singh and Bhartendu Shandilya position Digizene for next phase after pre-seed roundDigizene announced its Pre-Seed funding round with investment from Arun Kar. Kar also joined the company as a co-founder, bringing global e...
- IT midcaps hire executives to close AI strategy gapSeveral companies across the mid-tier outsourcing space have hired executives to help navigate the challenges posed by AI. In March, Persis...
- Donald Trump's son bet big on Bitcoin, lost $600 million from family fortuneAmerican Bitcoin, though, stuck with its crypto strategy and has seen its shares slump more than 95% from their peak. That’s erased more th...
- Google to plant its AI flag in India: What it means for the countryIn a major shift for India's AI ecosystem, Google Cloud is bringing its latest Gemini AI models to infrastructure located within the countr...
- Canada province preparing lawsuit against OpenAI over school shootingBritish Columbia said Tuesday it was preparing a lawsuit against OpenAI over the company's failure to report violent ChatGPT activity by th...
- HSBC pulls back from risky credit after bankruptcy scare, FT reportsHSBC is reportedly scaling back its involvement in riskier private credit deals, according to the Financial Times. This strategic shift ind...
- SoftBank renews talks for $10 billion loan against OpenAI stake, adds concessionsTo make lenders more comfortable, the Japanese technology investor is offering to guarantee repayment of the loan, giving banks recourse to...
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