Wall Street job losses may top 200,000 as AI replaces roles
Global banks will cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches...
Strategy
AI M&A deals expected to climb in 2025
The growth of mergers and acquisitions of AI-driven technology companies in 2024 is expected to continue in 2025. AI...
Valley Ventures invests in fintechs it can use
Valley Ventures, the investment arm of Valley Bank, invests in fintechs that can be integrated into its operations. Nearly 50%...
Nvidia using AI to make AI chips
Chip making giant Nvidia is using AI software to make AI hardware to keep up with demand for custom chips...
Nvidia developing a full-stack gen AI strategy for FIs
Chipmaker Nvidia is executing a full-stack gen AI strategy to expand its services to the financial services industry, evidenced through...
Podcast: Fintech founder Pranger touts virtues of ‘practical’ AI
Fintech Appli recently launched an AI-driven financial calculator that can be embedded into a financial institution’s lending platform in minutes...
Presidential election ‘24: Implications for AI in banking
AI might be of importance in the financial services industry, but it doesn't seem to be top of mind for...
SEC chair warns of ‘AI washing’
LAS VEGAS — Securities and Exchange Commission Chair Gary Gensler is warning companies against “AI washing” or making false claims...
Gen AI boosts analysis of unstructured data
Generative AI allows banks to analyze unstructured data, which makes up about 80% of all data within financial institutions —...
IBM gen AI business reaches $3B in Q3
IBM’s generative AI business climbed more than $1 billion in the third quarter, reaching $3 billion as clients invest in...
