October 4, 2024
(Bloomberg) - OpenAI struck a deal to raise $6.6 billion in new funding, giving the artificial intelligence company a $157 billion valuation and bolstering its efforts to build leading generative AI technology in the world. Most read on Bloomberg The round was led by Thrive Capital, the venture capital firm led by Josh Kushner, which
October 4, 2024
Unlock Editor's Digest for free Roula Khalaf, editor-in-chief of the FT, selects her favorite stories in this weekly newsletter. Character.ai is looking to rebound after Google poached its founders in a $2.7 billion deal by focusing on improving its consumer products rather than creating AI models, as concern grows that big tech will crush competition
October 4, 2024
As artificial intelligence continues to reshape the financial landscape, AI-powered wealth management tools are becoming essential, especially for younger generations facing the great wealth transfer – the baby boomers' trillion-dollar transfer to younger generations over the next 20 years. We asked CJ Follinirecognized expert in asset management and millennial wealth management and an adjunct professor
October 4, 2024
Healthcare Finance NewsVA Collaborates for Innovation in AIThe Dayton VA Medical Center, in collaboration with MIT and Harvard, has developed an integrated algorithm called Sybil for lung detection…. 19 hours ago
October 4, 2024
How can businesses take advantage of the opportunities offered by AI to increase revenue, contribute to the development of new products and improve customer loyalty? Our latest Streamly interview features Chris Brown, President of Intelygenzwhich shares strategies for businesses to effectively implement AI. In this interview, conducted by Julie Muhn, Principal Research Analyst at Finovate,
October 3, 2024
Workers at pension fund Cbus Super have secured a landmark package of provisions to protect employees from disruption in the age of artificial intelligence. In the new enterprise agreement, now in force until June 2027, the union-affiliated fund must consult staff on the implications of generative AI models such as ChatGPT in the workplace and
October 3, 2024
(Bloomberg) - Samsung Electronics Co. is laying off workers in Southeast Asia, Australia and New Zealand as part of a plan to reduce global workforces by thousands of jobs, according to people familiar with the matter . Most read on Bloomberg The layoffs could affect about 10% of the workforce in those markets, although the
October 3, 2024
Microsoft (MSFT) is making major updates to its Copilot artificial intelligence platform for Windows, expanding the software's capabilities with a number of new features and introducing the ability to speak directly to the AI assistant. The announcements, which the company made Tuesday during a press event at its Microsoft Experience Center in New York, also
October 3, 2024
(Bloomberg) — Shares of Microsoft Corp. have lost their luster in recent months as some investors cool the artificial intelligence trade and look for better value elsewhere in the sector. Most read on Bloomberg Shares of the software company have fallen less than 1% over the past six months, compared with a nearly 10% gain
October 3, 2024
Investment banking is going through a complex cultural period. Consider the rise of HBO Industrywhich manages to make i-banking look dark, sexy and sometimes even swaggering. The world of Industry is filled with glass skyscrapers, cluttered offices, and hard-won but woefully hollow victories. It's a generation's introduction to investment banking, and it's released just as
October 3, 2024
Over a two-decade career in the financial industry, despite a few job changes, the sheer scale of the industry has kept Jason Strle coming back for more. Strle spent nearly 13 years JPMorgan Chase and almost six years Wells Fargo. He has now been serving as chief information officer of Discover Financial Services for a
October 2, 2024
Energy-hungry artificial intelligence is consuming increasing amounts of energy from the creaking U.S. grid and threatening national efforts to combat climate change, according to the latest expert forecasts. Unprecedented energy demand, fueled in part by the expansion of data centers to AIcombined with the slower-than-expected pace of renewable energy development and longer operating times for
