AI

Nordea Cuts 1,500 Jobs as AI Drives Cost Savings

Banking giant Nordea announces significant layoffs amid AI transformation.Highlights: Nordea to eliminate 1,500 positions due to AI advancements.Cost-saving measures aim to enhance operational efficiency.Layoffs reflect broader trends in the...

Visa Strengthens AI Payments Trials with Multiple Banks in the UK and Europe

Visa collaborates with numerous banks to innovate AI-driven payment solutions.Highlights: Visa partners with several banks in the UK...

Upvest Secures $125 Million Financing Round, Boosting Growth Potential

The fintech firm expands its capital to enhance its offering in the investment sector.Highlights: Upvest has raised $125...

Swedish Central Bank Tightens Actions on Banks Over Instant Payments

The central bank of Sweden warns banks on instant payment compliance.Highlights: Swedish Central Bank warns banks about compliance...

India’s PhonePe Pauses IPO Amid Geopolitical Tensions

PhonePe's IPO delay highlights market uncertainties due to global issues.Highlights: PhonePe has postponed its IPO indefinitely.The decision stems...
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X’s AI chatbot Grok now ‘rolled out to all’ US Premium+ subscribers, English language users are next

Yesterday, X began rolling out Grok, the “rebellious” AI chatbot developed by Elon Musk’s xAI startup, to Premium+ subscribers on X’s platform. Today, Musk...

US OCC highlights key risks to federal banking system in latest report

AI Risks WarningThe OCC's Fall 2023 report warns banks of "significant challenges" due to the rise of artificial intelligence (AI) in financial...

Do you believe in job after job?

People moving on to new jobs is not a bad thing — and not only when they have been laid off. That's why it's...

System of intelligence — generative AI at the app layer

Jonathan Golden Contributor Jonathan Golden is a partner at NEA and a former director of product at Airbnb. More posts by this contributor Changing consumer behavior is...

Liberis bags $112m in debt financing to fuel expansion in North America and Europe

Funding Boost: UK-based Liberis secures $112 million in debt financing from HSBC Innovation Banking and BCI Capital. Expansion Plans: Liberis aims to expand its embedded...

X begins rolling out Grok, its ‘rebellious’ chatbot, to subscribers

Grok, a ChatGPT competitor developed by xAI, Elon Musk’s AI startup, has officially launched on X, the site formerly known as Twitter. Grok began rolling...

Early impressions of Google’s Gemini aren’t great

This week, Google took the wraps off of Gemini, its new flagship generative AI model meant to power a range of products and services...

EU lawmakers bag late night deal on ‘global first’ AI rules

After marathon ‘final’ talks which stretched to almost three days European Union lawmakers have tonight clinched a political deal on a risk-based framework for...

Vast Data lands $118M to grow its data storage platform for AI workloads

Vast Data, to make an obvious pun, is raising vast sums of cash. The New York-based startup, which provides a scale-out, unstructured data storage solution...
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