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BANKING INFRASTRUCTURE AI
OpenAI looks to help banks modernise legacy software their operations still depend onOpenAI has enhanced its models to work with legacy programming languages like COBOL and Fortran. The AI assists companies in modernising cr...- Global Market: South Korea's Elice shares plunge 28% in market debut as data centre stocks shunnedElice, which raised 201.1 billion won ($150 million) in its IPO, provides AI cloud services as well as AI-based education and business soft...
- OpenAI seeks to accelerate fundraising ahead of Anthropic IPO, sources sayOpenAI is working swiftly to secure funds before Anthropic's anticipated public market debut in mid-November. The fundraising effort could ...
- Govt plans sovereign AI infrastructure with tighter control over data, GPUsNot-so-sensitive yet relatively important categories will be managed through a new framework in which the state may own the hardware such a...
- Infosys expands partnership with Truist, builds AI-first GCC in HyderabadThe GCC will be adding 1,000 employees later this month, Infosys informed in a statement, and is expected to further expand with more peopl...
- 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. ...
- Santander builds AI capabilities using Nvidia AI infrastructureBanco Santander SA: * NEW AI COLLABORATION MILESTONE WITH NVIDIA * BUILDS AI CAPABILITIES USING NVIDIA AI INFRASTRUCTURE * HAS BEEN PROGRES...
- US Market: Wall Street’s AI rally faces test as Meta earnings loomWall Street’s AI-driven rally faces a crucial test as Meta, semiconductor makers and major companies report quarterly earnings. Investors w...
- Cyberattacks on critical financial infra could disrupt payments, credit and market confidence, IMF warnsCyberattacks targeting critical financial institutions and market infrastructure could disrupt essential financial services and undermine m...
- Global Market Today: Asian shares fall as AI spending worries weigh on sentimentA fall in oil prices offered some support to bonds and Wall Street stock futures, limiting Asia's losses. Oil fell following US President D...
- China AI supply chain IPOs hold firm despite valuation pullback, Citi saysAs anxiety over valuations rises, Chinese AI supply chain firms are set to remain resilient in the marketplace. Ongoing listings in Hong Ko...
- IMF chief says AI risks may exceed opportunities without safeguards and ethical frameworkThe risks of artificial intelligence may exceed its opportunities if no adequate safeguards and ethical framework are put in place, IMF chi...
- Wall Street Week Ahead: As AI rally wobbles, stock market's spotlight turns to earningsInvestor confidence in the market is wavering due to recent declines in AI-linked stocks and semiconductor firms. Upcoming quarterly result...
- Big US bank stocks head for longest weekly losing streak since 2008Major US banks are experiencing their longest weekly losing streak since the 2008 financial crisis, driven by mixed quarterly earnings and ...
- Chip selloff deepens Wall Street losses as doubts grew over AI returnsA significant selloff in semiconductor stocks affected major US indexes amid rising concerns regarding AI investment returns. The Nasdaq 10...
- Modernising legacy systems: How traditional industries are rethinking business operationsTraditional industries are investing in AI to improve operational efficiency, forecasting and decision-making. Yet integrating AI into esta...
- Physical AI in Manufacturing: How computer vision, robotics and edge automation are moving into the real worldPhysical AI is taking artificial intelligence beyond software and into factories, hospitals and other real-world environments. Computer vis...
- Could Iran target the Gulf’s digital backbone? The risks to data centres and internet cables explainedIran's warning raises concerns about the vulnerability of Gulf data centres and digital infrastructure to potential attacks. Recent escalat...
- AI investment boosts growth prospects for Asian economies: IMFIMF Managing Director Kristalina Georgieva said artificial intelligence infrastructure investment is supporting global growth at around 3%,...
- FM holds talks with global financial leaders in Singapore, pitches for boosting investment in IndiaFinance Minister Nirmala Sitharaman held meetings with global financial leaders in Singapore to encourage investments. Discussions included...
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