Banks lay groundwork for mass workforce cuts as AI takes hold
In the hope he’ll land a job in finance, Andre Bonnick spends hours rehearsing what he’s going to say. He’s...
Apple investors give lukewarm reaction to new Siri, AI platform
Apple Inc. used its Worldwide Developers Conference to lay the foundation for a new generation of products, making the case...
Trump signs AI cybersecurity order after debate over its reach
President Donald Trump ordered US agencies to work with artificial intelligence companies on protecting against AI-enabled cyber attacks under a...
Anthropic files confidentially for IPO in race with OpenAI
Anthropic PBC has confidentially submitted draft paperwork for a public listing, potentially leapfrogging longtime rival OpenAI in the race toward...
Scotiabank to buy small Dallas bank in mortgage-finance play
Bank of Nova Scotia agreed to acquire Maple Financial Holdings Inc., which owns a small US commercial bank, as the...
Trump postpones signing AI security order over parts he disliked
President Donald Trump said he called off the signing of an executive order that would address cybersecurity concerns raised by...
OpenAI, Plaid to bring tailored financial guidance to masses
OpenAI is partnering with Plaid Inc. to give consumers using ChatGPT personalized financial advice based on data they share with...
Goldman, Blackstone partner with Anthropic on AI services firm
Anthropic PBC is partnering with Blackstone Inc., Hellman & Friedman and Goldman Sachs Group Inc. to form a company that...
First Citizens ending Silicon Valley Bank name after three years
First Citizens BancShares Inc. will retire the Silicon Valley Bank name three years after it acquired the go-to bank for...
European banks expect AI buildout to add headcount, survey says
The rise of artificial intelligence is prompting fears of widespread job cuts across finance, but European bank executives don’t expect that to...
