Amazon inks $38B deal with OpenAI for Nvidia chips
Amazon.com Inc.’s cloud unit has signed a $38 billion deal to supply a slice of OpenAI’s bottomless demand for computing power. Amazon shares...
Inside look: How Bank of America developed AskGPS
Bank of America has launched a generative AI assistant to redefine efficiency in its global payments solutions division. The gen AI assistant, AskGPS...
Deloitte: Banks need overarching vision for AI adoption
Banks in the United States are continuing their investment in AI, which will have both short- and long-term effects on their efficiency ratios. ...
Cloudflare shares rise to record after beating sales outlook
Cloudflare Inc. shares surged to a record after posting better-than-expected sales figures that topped quarterly and annual estimates, following a reorganization and the...
HSBC: AI use in treasury functions can boost efficiency by up to 70%
Financial institutions are deploying AI in nearly all back-office functions and are showing improved efficiencies in operations. Deployment of AI within treasury management...
Two sides of the coin: Smarsh’s approach to AI
AI-driven communication compliance company Smarsh’s approach to AI is twofold: it builds proprietary AI technology for regulated industries while also outsourcing its AI-driven...