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Inside KPMG's AI report scandal: False claims, bogus case studies and hallucinated success storiesKPMG has retracted a global report after major organizations like UBS and the NHS denied claims of using AI for operational transformations...- LSEG slowly sheds 'AI risk' tag with drive to show growthLSEG shares tumbled nearly 13% in one day in February as worries about the threat posed by large language artificial intelligence models li...
- Why is US stock market down today? Dow Jones, S&P 500 and Nasdaq fall as inflation hits three-year high and Iran tensions shake Wall Street - Nvidia, Amazon and technology stocks leading today's declineUS stock market is under pressure again. Investors woke up to another sharp decline in the Dow Jones, S&P 500 and Nasdaq after fresh inflat...
- Cerebras shares climb as Wall Street brokerages back AI chip strategyCerebras shares saw a rise on Monday. Several Wall Street firms initiated coverage with positive outlooks. They are backing the chip design...
- Wealthy families cut dollar exposure, survey findsGlobal wealthy families are cutting back on US dollar investments. Geopolitical tensions and increasing national debt are driving this shif...
- Scientists found a shockingly simple way to predict your lifespan — here's how to test yourselfNew research indicates that stronger grip strength and the ability to easily stand from a chair are powerful predictors of a longer, health...
- Why did oil prices crash today? $920 million crude oil short placed 70 minutes before US-Iran 14-point deal report — was someone trading on inside information?Oil prices crash today: Nearly $920 million in crude oil shorts entered the market just 70 minutes before reports claimed the US and Iran w...
- EU updates age-check app after vulnerabilities foundThe European Union is updating its new age verification app. This comes after independent developers identified security flaws. The app aim...
- Pine Labs’ revenues may grow 20% per annum over the next three years: UBSUBS noted that Pine Labs has lower employee costs and better Ebit margins than the competition, and the stock is currently underpriced, whi...
- UBS data leak: UBS reports data breach after cyber attack on provider, client data unaffectedSwiss Bank reported UBS Data Breach due to cyberattack on supplier Chain IQ, affecting tens of thousands of employee records but no client ...
- After Credit Suisse takeover, UBS begins cost drive by axing 3,000 Swiss jobsUBS also announced it would be keeping Credit Suisse's domestic bank - and the ensuing job losses are expected to result in a backlash in S...
- UBS aims to avoid using $10 bln Credit Suisse backstop amid backlashIn June, UBS reached an agreement with the Swiss government under which the government will guarantee up to 9 billion Swiss francs ($9.98 b...
- Prospects for UBS are better than ever: CEO Sergio Ermotti"The prospects for UBS are better than ever," Sergio Ermotti wrote in an opinion piece published in the Swiss paper Tages-Anzeiger. "This a...
- UBS has no desire to buy Credit Suisse, chairman tells newspaperThe former Morgan Stanley president said he was focused on organic growth rather than acquisitions and expanding its business in the United...
- Rupee opens 7 paise down at 71.75 against dollarThe US crude declined 22 per cent in last month, its worst month in a decade.
- YES Bank questions UBS snalysts’ intentions; asks Sebi to probe ‘vested’ interestsThe bank alleged that UBS’ analysts did not make "full and fair disclosure" of their "interests" before publishing the report.
- Universal Business Schools appoints Oxford professor David Faulkner as deanFaulkner gained his doctorate from Oxford University (D Phil). He is Emeritus Professor of Strategy at London University.
- UBS pays $52 million in bonuses to top brass in 2009Carsten Kengeter, the co-head of UBS's investment bank received total compensation of 13.2 million franc. Mukesh Ambani, Lakshmi Mittal amo...
- UBS sells Brazilian arm for $2.5 bnTroubled banking giant UBS AG sold its Brazilian business on Monday for about $2.5 billion to BTG Investments in an effort to reduce risk a...
- Technical glitch reveals UBS clients' detailsA technical problem at Swiss banking major UBS saw clients in Singapore and Hong Kong looking at the details of other customers, when they ...
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