A growing body of research is pointing to the same uncomfortable number: somewhere around a third of US economic growth right now traces back to AI. Not AI products people use daily, but the spending behind them.
For years, banks worried mostly about threats coming from people. Think of stolen passwords, phishing emails, and careless clicks. That threat hasn’t gone away, unfortunately. And yet, right next to it, a bigger, quieter one has risen and overtaken the previously known cybersecurity issues. It’s called a “non-human identity,” and most people outside IT departments […]
August 2, 2026 was expected to be the EU AI Act’s largest compliance deadline. It was not. Here’s what’s happening to Europe’s most wanted regulation on artificial intelligence.
Amazon’s investment in custom silicon is quickly turning into one of the company’s most important growth engines. In the wake of its latest earnings report, the company revealed that its custom chip portfolio, including Trainium AI accelerators, Graviton CPUs, and Nitro networking processors, has now exceeded a $20 billion annual revenue run rate.
Oops, AI did it again… Anthropic, the artificial intelligence company behind the Claude family of large language models and popular AI chatbot, has disclosed that its AI model gained unauthorized access to the systems of three real organizations during cybersecurity testing after a configuration error accidentally exposed supposedly isolated test environments to the public internet. […]
Apple and Amazon both topped Wall Street estimates in their latest quarterly reports, released within hours of each other on July 30. But the two companies got there in very different ways: one through hardware demand, the other largely through a paper gain on an AI investment.
Revolut, the online bank from the UK, is giving its more than 75 million customers free access to the subscription of ChatGPT Go, which is usually priced at £7 a month.
North America’s 7th Edition Agentic Automation in Finance Summit Canada Launches in Toronto, Bringing Together Leaders Shaping the Future of AI-Powered Financial Services
As Apple and Amazon get ready to disclose their quarterly profits following the closing of the markets this Thursday, investors are looking at more than just the revenues earned and the profits made. The outcomes will help wrap up the most recent Big Technology earnings season while influencing the continuation of Wall Street’s willingness to […]
Visa is eliminating approximately 2,600 positions, or about 7% of its global workforce, in a restructuring move. The payment company’s CEO Ryan McInerney outlined it in a staff memo sent Tuesday, July 28. The cuts will primarily affect the technology and product teams.
Microsoft has announced a new generation of cybersecurity tools that use artificial intelligence (AI) to identify vulnerabilities and tackle assaults with minimal human involvement, representing a major step into the world of autonomous cybersecurity.
A phone rings. The voice on the other end sounds exactly like a bank representative, a company executive or even your grandchild. Unfortunately, it is not. Artificial intelligence (AI) can now reproduce a person’s voice closely enough to fool even the people who know that voice best, and criminals are using the “smart” technology against […]
Modern AI has revolutionized the lending procedures of banks and fintech lenders helping them process loans faster and ensure credit access to those borrowers overshadowed by conventional credit assessments. But some important questions arise with this innovation: Are lenders able to explain the reasoning behind their AI’s decision to approve one applicant while rejecting another? […]
Artificial intelligence has supported banking operations for years. It has found many applications in fraud detection, credit scoring, risk modelling, and customer service automation. In 2026, however, industry discussions have increasingly focused on agentic AI — a new category of proactive AI systems designed to plan, coordinate, and execute multi-step tasks instead of simply generate […]
World AI Show Indonesia wraps up with high-stakes ministerial dialogues, enterprise blueprints, and precision networking as Trescon names Kuala Lumpur the next stop for its global series, scheduled for 9–10 September 2026.
Upstart Holdings has reached a milestone that could influence how future AI-driven financial institutions are regulated. The company has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish Upstart Bank, N.A., entity with potential to become the first nationally chartered bank built from the ground up with AI-powered underwriting.
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