Latest Financial AI news from verified sources, updated automatically.
Commercial loans can take weeks to close, and Pennsylvania-based Customers Bank put its typical wait at 30 to 60 days. A pilot of its artificial intelligence (AI)-powered process closed select commercial loans in seven days, the bank said in July in its Q2 earnings release.…
Cognitive Credit, a provider of specialist data, infrastructure and artificial intelligence solutions for global corporate credit markets, secured a $40 million strategic growth investment to accelerate its commercial expansion in the United States and build its next generation…
Artificial intelligence (AI) shopping agents could make it easier for consumers to compare products and complete purchases, but they may not change where shoppers spend their money. Even when an autonomous AI assistant can purchase the same product from competing merchants at…
The regulator's Division of Examinations named "super intelligence and other advanced technologies" as a focus area alongside tokenization risks.
SpaceX has launched a partner program that offers training, tools and support to companies that build products, solutions and services with the company’s artificial intelligence (AI) model, Grok, according to a Thursday (Oct. 22) press release. The new SpaceX Super Intelligence…
Developers will now backport fixes and cut releases immediately for flaws flagged as “easily discoverable,” abandoning long embargoes for bugs an attacker can surface with a single AI prompt.
Bitcoin Magazine Bitcoin Core Ends Long Embargoes for Bugs AI Can Rediscover Bitcoin Core now fast-tracks fixes and disclosures for vulnerabilities that AI can easily rediscover, ending the long embargoes those bugs once received. This post Bitcoin Core Ends Long Embargoes for…
The card company is reducing its workforce by 4.5% as it aims to become more "agile and efficient" amid increased use of artificial intelligence, CEO Stephen Squeri said.
"There are places in which we want to go faster. This is not one of those places," Naveed Anwar, global head of AI, digital and data platforms within Citi's services business, said at Money20/20.
▶ Bitcoin Magazine Bloomberg’s Mike McGlone: AI Risk Could Force Bitcoin Drawdown to $10,000 Bloomberg's Mike McGlone warns Bitcoin could drop to $10K, citing ETF exhaustion, stock correlation, Fed rate hikes, and macro headwinds across assets. This post Bloomberg’s Mike…
Remuneration for quantitative finance professionals has continued to rise despite the increased use of AI, according to recently published research.
Bitcoin price volatility cooled as stock markets battled another day of resurgent AI fears during Friday’s Asia trading session.
Developers merged a policy change that ends the months-long embargo for flaws a chatbot could rediscover, after a summer in which AI found hundreds of bitcoin bugs before the humans did.
Binance founder Changpeng Zhao says AI doesn’t need to break Bitcoin’s cryptography to cause damage. Instead, he warns that leaked data already fuels phishing and social engineering. Meanwhile, Bitcoin Core developers are changing how they disclose bugs as AI makes flaws easier…
Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce today (Friday) the launch of the HKEX Artificial Intelligence Index and the HKEX Semiconductor Index.
"This is one of the most important times to make sure you are appropriately balancing risk and innovation tradeoffs," JPMorgan Chase CIO Lori Beer said.
The Irish AI mortgage platform will deploy across SPF's UK mortgage and protection workflows, with a broader rollout planned for 2027.
Bitcoin Core says keeping certain vulnerabilities secret no longer offers much protection in the wake of AI-assisted bug hunting.
Corporate credit data, analytics, and AI technology provider Cognitive Credit has closed a $40 million strategic growth investment led by Summit Partners with participation from ETFS Capital.
Lionel Messi’s ChatGPT ad has the AI teaching him chess on a board with kings and queens swapped, then suggesting an opening that loses in four moves on that board.
Andreessen Horowitz is renaming its crypto fund a16z Frontier and widening its scope to AI, autonomous machines and biology, saying the line between crypto and everyday tech has blurred.
Meta will hand shareholders a free non-voting share for every share they own in January, giving it a way to raise equity for AI spending without diluting Zuckerberg's 60.6% vote.
The venture investor behind early bets on Coinbase, Solana and Uniswap said is broadening its focus, joining other crypto investment firms looking beyond blockchain to artificial intelligence and tech themes.
Brent crude hit a five-month high while Nvidia, Meta and chip stocks fell, pulling Asia's benchmark indexes down by up to 3.5% a week after South Korea's Kospi plunged 7.57%.
According to BlocksBridge, Bitcoin’s mining difficulty is rising despite the industry’s AI transition, with smaller operators potentially absorbing equipment abandoned by larger competitors.
Roughly 60% of the reductions are expected in "support functions," including developers, as AI bolsters productivity, the bank said.
Neoclouds like CoreWeave and Nebius rent Nvidia GPUs to AI labs, and several started out mining crypto. Here's how the AI cloud model works.
Major banks including Morgan Stanley, JPMorgan, Bank of America, and Citi are moving to restrict third-party AI agents that log in with customers’ credentials.
"We're just in a dead sprint using AI to fight AI fraud," Zach Perret, the data aggregator's chief executive, said at the Money20/20 conference this week.
The CEOs of Canada's RBC and BMO are the latest bank chiefs to warn customers about the dangers of linking their accounts to AI agents.
