BMO is employing an artificial intelligence (AI) agent to help clients resolve credit card transaction issues. The bank’s AI Agent Assist, announced Friday (Nov. 6), is designed for in-house use by employees and uses agentic AI to help those workers spend less time navigating systems...
If you want to learn about enterprise artificial intelligence adoption, look no further than Sysco. The largest food service distributor in the United States delivers food to restaurants, hospitals, schools and hotels, from national chains to independent operators, through 333 distribution centers in 10 countries...
New research shows most U.S. dollar stablecoins will not follow the GENIUS Act’s reserve asset requirements. A study from the Bank Policy Institute (BPI) published Friday (Nov. 6) examined data on the reserve asset holdings of the 10 largest circulating dollar stablecoins, which accounted for...
Big Tech companies are putting limits on how much each employee can spend on artificial intelligence (AI), with Apple being the latest company to do so. It cut the daily AI allowance for some engineers to $200 from $300 in October and plans a further...
The game is on for large language models (LLMs) and financial services. Anthropic unveiled Claude Personal Finance last week, nearly six months after OpenAI did the same with ChatGPT. Both assistants connect to bank accounts through Plaid, track spending and subscriptions and answer questions about...
Democrats are preparing a slate of artificial intelligence bills for when they take control of Congress in January. Rep. Bill Foster of Illinois got a head start Thursday (Nov. 5), releasing a discussion draft that would enlist the Federal Reserve in testing how regulators can...
Binance stopped withdrawals after attackers stole $6.3 billion in digital assets on Oct. 30. The cryptocurrency exchange restored access in stages. By Monday (Nov. 2), Federal Reserve and Office of the Comptroller of the Currency supervisors were asking banks in the United States whether they...
The valuation or the timing of Anthropic’s planned initial public offering could be impacted by Thursday’s (Nov. 5) selloff of tech stocks, according to multiple media reports. The Wall Street Journal reported Thursday that three major investors who plan to participate in the IPO said...
OpenAI Co-Founder and President Greg Brockman said Wednesday (Nov. 4) that the company could be ready for an initial public offering in 2027 and that it has formed a strategic partnership with JPMorganChase to supply the bank with artificial intelligence services, The Wall Street Journal...