Wells Fargo consumer leader tapped for full-time AI role at bank
Wells Fargo & Co. tapped one of its consumer bank leaders, Saul Van Beurden, to fully focus on the company’s...
AI ushers in era of rapid-fire software vulnerabilities
Mass cybersecurity disruptions, such as this week’s scramble by governments and companies to patch two critical software flaws, are about...
Barclays to cut 5K jobs in AI-fueled push to lower costs
Barclays Plc is cutting 5,000 jobs to reduce costs through the use of artificial intelligence, the latest large lender to...
OpenAI says its agents weakened system that flags AI misbehavior
OpenAI found instances in which its AI agents weakened and turned off alerts for an internal monitoring system that’s meant...
Ken Griffin says AI ‘almost certainly’ in a bubble right now
Billionaire Ken Griffin said investors are “almost certainly” in the midst of an AI bubble as many companies are still...
Visa, billing firms team up for AI agent payments for companies
Visa Inc. is partnering with BILL Holdings Inc. and Billtrust to have AI agents initiate and complete business invoice payments...
Google Cloud power outage impacts Revolut, other online services
An outage at Google Cloud knocked out online services including digital bank Revolut Ltd. for several hours into Tuesday, with...
Fintech Ramp applies for trust bank charter with US regulator
Financial technology firm Ramp said it applied with the Office of the Comptroller of the Currency for a trust bank...
Thoma Bravo expects rogue agents to persist as AI buildout grows
Thoma Bravo Managing Partner Seth Boro said the artificial intelligence buildout will only be possible if proper cybersecurity measures are...
US banks block AI agents attempting to move money for customers
Bank executives are welcoming consumers’ use of AI to aid their financial lives — as long as they play by...
