Senior partners at global law firm Freshfields have discussed making its in-house legal technology unit, Freshfields Lab, a separate company that could be opened to external investors, the Financial Times reported Wednesday (Oct. 14). The senior partners believe the unit, which develops artificial intelligence tools...
Artificial intelligence (AI) agents are knocking at JPMorgan Chase’s door, and CEO Jamie Dimon is not letting them in. The bank will not allow unvetted outside AI agents into its systems, Dimon said Tuesday (Oct. 13) on JPMorgan’s third-quarter earnings call, PYMNTS reported. “You don’t...
OpenAI’s infrastructure and compute businesses have a new leader, Bloomberg reported Wednesday (Oct. 14). The artificial intelligence company appointed its chief technology officer for compute, Uday Ruddarraju, to head both the infrastructure and compute businesses. The previous head of the infrastructure unit, Sachin Katti, will...
Artificial intelligence glasses such as Ray-Ban Meta can film people around the wearer, often without those people knowing, and governments are only now deciding what to do about it. Norway is among the first to act at the national level. On Oct. 5, its Ministry...
Artificial intelligence is becoming part of the machinery of financial supervision in the United Kingdom as the Financial Conduct Authority deploys tools to review firms’ documents, accelerate routine casework and help investigators identify financial crime threats across disparate datasets. The shift could expand the regulator’s...
The 21st century finance team is growing. But instead of hiring more employees, chief financial officers are onboarding artificial intelligence solutions. After all, AI agents can today already reconcile accounts, investigate payment exceptions, manage invoices and initiate financial workflows. FIS, for example, on Monday (Oct....
Apple’s new smart home accessories, which were unveiled Tuesday (Oct. 13), are centered on Siri AI and could create a new revenue stream for the company’s Services business, Dan Ives, partner and analyst at Yorkville Ives, said in a Tuesday investor note, according to a Seeking Alpha report. The smart...
Google’s new frontier model, Gemini 4 Argon, is now available to developers, enterprises, scientists and consumers, the company said in a Tuesday (Oct. 13) blog post. “Argon excels at deep work in complex, real-world tasks across domains including coding, finance, legal, cybersecurity and science,” Google said in the post. Google...
Goldman Sachs CEO David Solomon’s comments on artificial intelligence flagged a financing risk with implications beyond Wall Street. How will companies fund an infrastructure expansion that could require trillions of dollars, and which projects will justify the expense? The bank’s third-quarter earnings results reflected the...