Client AI CapEx eating into IBM’s software business
IBM’s software business is taking a hit as its clients focus their spending on AI infrastructure development over software. The company reported second-quarter revenue of $17.16 billion,...
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Capital One dials up AI investments amid Brex integration
Capital One continued to overhaul its technology stack in the second quarter as its AI investments picked up while integrating AI-native...
AMD to invest up to $5 billion in Anthropic, deploy chips
Advanced Micro Devices Inc. has agreed to invest up to $5 billion in Anthropic PBC as part of a potential...
OpenAI models breach Hugging Face, sparking cyber alarms
Since April, when Anthropic PBC unveiled its Mythos model, cyber and national security experts have warned that the internet has...
Spanish banks tackle US payment dominance with Tap-to-Pay system
Spanish banks are taking a new step to chip away at the dominance of US payment systems such as Visa...
