Several banks have reportedly expanded their retail footprint into airport terminals. These bank branches in airports offer convenience, comfort and a range of financial services to existing customers, while also serving as a platform for banks to engage with potential new ones, CNBC reported Friday (May 3). Brands...
J.P. Morgan Payments is facilitating purchases of merchandise for a Formula One race in Miami, both in-store and online. The firm is doing so in an expanded partnership with South Florida Motorsports (SFM), the organizer of the Formula One Crypto.com Miami Grand Prix being held May...
J.P. Morgan Chase reportedly unveiled an artificial intelligence-powered tool designed to facilitate thematic investing. The tool, called IndexGPT, delivers thematic investment baskets created with the assistance of OpenAI’s GPT-4 model, Bloomberg reported Friday (May 3). IndexGPT creates these thematic indexes by generating a list of keywords associated with a particular theme that are...
Microsoft’s decision to ban police departments from using its Azure OpenAI Service for facial recognition reflects the technology industry’s struggle to balance the promises and perils of artificial intelligence (AI). The move signals that Big Tech companies are increasingly enforcing guardrails around AI systems amid...
This week in artificial intelligence, Anthropic is launching its first smartphone app. In computer programming, AI is rapidly reshaping practices from Silicon Valley to major tech firms. Despite Europe’s tech lag, companies are heavily investing in AI, potentially disrupting sectors like finance and manufacturing. Anthropic Launches Claude...
The online education sector continues to experience exponential growth, driven by technological advancements and the increasing demand for flexible learning options. However, the rapid rise of artificial intelligence is reshaping the education landscape, with both opportunities and challenges emerging for key industry players. In its latest earnings...
Online marketplaces are reportedly deploying artificial intelligence (AI) to deliver a personal shopper-like experience to their visitors. EBay, Etsy and ThredUp are among the online marketplaces now leveraging AI technology to enhance the shopping experience for both buyers and sellers, the Wall Street Journal (WSJ) reported Friday (May 3). With AI, they...
Sycamore Partners, a buyout equity firm that owns department store operator Belk, is reportedly among the firms interested in taking Nordstrom private. The company is engaged in negotiations that are likely to take weeks, and there is no certainty that a deal will be reached,...
A new study from the Federal Reserve indicates that it’s not income levels or ability to repay that drives banks’ willingness to extend credit. Rather, the use of credit — the engagement — is a significant factor in determining when, and by how much, credit...
