Wells Fargo CEO sees AI impacting companies’ workforce decisions
Wells Fargo & Co. Chief Executive Officer Charlie Scharf said artificial intelligence poses a significant opportunity to improve efficiencies and...
OpenAI finds AI saves workers nearly an hour a day on average
OpenAI’s artificial intelligence products are saving workers an average of about 40 to 60 minutes a day on professional tasks,...
Anthropic called to testify in House on China-backed cyberattack
A US House committee is calling on Anthropic Chief Executive Officer Dario Amodei to testify about a Chinese cyber-espionage attack...
Revolut notches $75 billion valuation in latest share sale
Revolut Ltd. garnered a $75 billion valuation in its latest share sale after months of courting investors, a steep increase...
Block expects profit growth to accelerate over next three years
Block Inc. expects profit growth to accelerate over the next three years as Jack Dorsey’s payments firm anticipates launching products...
Cloudflare Resolves Global Outage That Disrupted ChatGPT, X
A worldwide outage at the network of cybersecurity firm Cloudflare Inc. has been resolved after several hours of disruption on...
Nubank says AI helped boost clients’ credit-card limits
Nu Holdings Ltd. said artificial intelligence features it started to deploy in Brazil helped the fintech increase credit-card limits for...
MUFG ties up with OpenAI to accelerate AI use in bank services
Japan’s largest bank announced a tie up with OpenAI to accelerate its use of artificial intelligence, including in a new...
Fed’s Barr calls for guardrails as financial sector adopts AI
Federal Reserve Governor Michael Barr said there needs to be clear guardrails to prevent risks as the financial sector looks...
Lloyds tasks 7,000 staffers with testing out AI assistant
Lloyds Banking Group Plc is using thousands of its staff as guinea pigs for an AI financial assistant it’s designed...
