Casap, an artificial intelligence agent platform for financial services, has raised $56 million in new funding. The company says its Series B round, announced last week, will help Casap advance its AI platform as it looks to move its focus beyond fraud and disputes to...
Cisco has handed a single engineer an unlimited artificial intelligence (AI) budget to replace nearly all of its legacy code within two years. Cisco President and Chief Product Officer Jeetu Patel told Fortune that Padmanabhan Krishnamurthy, a 27-year-old engineer who joined through Cisco’s 2025 acquisition...
Goldman Sachs has reportedly instituted a crackdown on artificial intelligence (AI) usage by its bankers. As Bloomberg News reported Monday (Nov. 2), Goldman had for months allowed bankers to use tools like Anthropic’s Claude Code and Microsoft’s GitHub on the job. Now, those tools will be limited to Goldman’s engineers only, according...
Market jitters around artificial intelligence will not slow enterprise demand for the technology, although it may lead corporations to sharpen their focus on outcomes, The Wall Street Journal reported Monday (Nov. 2). Chief information officers and tech insiders interviewed by the WSJ Leadership Institute said...
Neighborhood commerce and rewards company Bilt is acquiring sports and entertainment loyalty platform Lava, according to a Monday (Nov. 2) news release. The $300 million deal brings Lava’s technology and partnerships with 56 professional sports franchises into Bilt’s “rapidly expanding neighborhood commerce ecosystem,” per the...
The consumerization of corporate finance got a shot in the arm over the past weekend, and it’s an injection that could impact how corporate finance teams handle the very concept of a “weekend” itself. On Friday (Oct. 30), Uber, HSBC, Franklin Templeton, Tradeweb and Fireblocks...
The Securities and Exchange Commission is scrutinizing artificial intelligence companies’ disclosures amid growing concern over infrastructure spending and circular financing. The increased scrutiny comes as the agency is placing renewed emphasis on accounting enforcement. The SEC wants investors to understand material risks associated with AI...
A traveler asks an AI assistant for a quiet hotel near the water with a spa and a late checkout. The assistant compares dozens of properties in seconds and never opens a hotel website. The hotel it recommends is the one whose information it can...
The rise of artificial intelligence agents that shop for their users could present a challenge to Amazon’s status as a first stop for shopping and a place for advertisers to reach consumers, The Wall Street Journal reported Sunday (Nov. 1). If AI agents like Meta‘s...