Artificial intelligence is reducing the time and cost of financial research, but the data behind that research is becoming more valuable. Two investments announced Thursday (Oct. 22) illustrate the shift. London Stock Exchange Group (LSEG) announced that it is acquiring credit intelligence provider Octus for...
The principles Goldman Sachs uses to manage risk could be applied to artificial intelligence oversight, Goldman Sachs Chair and CEO David Solomon wrote in an article published Thursday (Oct. 22) by the Financial Times. The principles include holding individual decision makers accountable for the outcomes...
OpenAI is close to finalizing a funding round in which it could raise as much as $30 billion at a $1.25 trillion pre-money valuation, CNBC reported Thursday (Oct. 22), citing unnamed sources. OpenAI told investors Thursday that it aims to secure signatures by the end...
Uber has made OpenAI’s ChatGPT Work available to all its 30,000 employees around the world after initially piloting it with 1,000 employees, OpenAI said in a Thursday (Oct. 22) press release. ChatGPT Work is an agent designed to take on complex, multi-step tasks within ChatGPT Enterprise and deliver finished work, according to the...
Banks keep their core systems because replacing them is costly and disruptive. Keeping them carries its own price. Employees work across fragmented applications, repeat manual steps and rely on expensive integrations. Fifty-two percent of financial institutions name legacy technology as an obstacle to real-time payments...
Chinese labs have led the open-weight artificial intelligence (AI) race for most of the year. This week, the U.S. stacked up its own entries, with Nvidia and Reflection releasing models built for enterprise work. DeepSeek and MiniMax responded with price cuts. Nvidia and Reflection Build...
Hotel franchising company Wyndham Hotels & Resorts offers artificial intelligence (AI) tools across the guest experience and has found that they improve franchisees’ top lines, reduce operating costs and enhance the guest experience, the company said in an investor presentation released Wednesday (Oct. 21). Wyndham’s network...
Imagine hiring a new employee who works around the clock, never takes a break and can place orders or move money on its own. Now imagine hiring that worker without checking references. That is roughly the risk companies take when they rush artificial intelligence agents...
Chinese artificial intelligence (AI) startup DeepSeek has raised $15 billion in its second private funding round and is accelerating plans for a Shanghai listing in early 2027, potentially reaching public markets before OpenAI. The financing nearly doubled its original target amid strong investor demand, The...