Tagged: artificial intelligence

SoftBank Group Acquires Alternative Asset Manager DigitalBridge

SoftBank Group has entered into a definitive agreement to acquire DigitalBridge (NYSE: DBRG), a global alternative asset manager dedicated to investing in digital infrastructure, including data centers, cell towers, fiber networks, and edge infrastructure, for a total enterprise value of approximately $4 billion. SoftBank Group… Read More

AI Adoption : GlobalData Reflects on Year of AI Driven Product Developments

GlobalData, the intelligence provider, reflects on an important year of artificial intelligence (AI)-driven product development. Over the past 12 months, the company says that it has accelerated its transformation into an intelligence and productivity platform “that helps enterprises make confident decisions that drive growth.” GlobalData… Read More

Accenture, US Dept of Energy Partner to Support Genesis Mission Program

Accenture Federal Services, which serves as a wholly owned subsidiary of Accenture (NYSE: ACN), announced its agreement to explore partnerships with the U.S. Department of Energy (DOE) to support the Genesis Mission. This era-defining initiative is a national imperative that will accelerate American leadership in… Read More

AI’s Potential to Improve AML Analyzed in New Paper

A new research paper identifies ways technologies like Artificial Intelligence (AI) and Machine Learning can address shortcomings in anti-money laundering (AML) enforcement. Next generation  AML solutions: An analysis of AI-based tools vis-a-vis the reform of the European AML institutional and substantive architecture, authored by Yaron… Read More

AI Driven Productivity Is Fueling Reinvestment over Workforce Reductions : EY

The EY US AI Pulse Survey finds many leaders are channeling productivity gains from artificial intelligence into existing and new AI capabilities, R&D, cybersecurity and retraining employees rather than reducing headcount. While an increasing number of companies announce AI-related layoffs and concerns mount about more… Read More

Intesa Sanpaolo, Frontria Consortium Aim to Address AI generated Disinformation

Intesa Sanpaolo reports that it is now among more than 50 organizations worldwide participating in “Frontria”, which is described as the new international consortium that was launched by Fujitsu in order to effectively address challenges as well as major risks arising from the ongoing evolution… Read More

AI Is Rewiring Data Center Economies, Enabled by Growth in Large Language Models (LLMs) : Research

AI is now said to be rewiring the economics of data centers. This, according to a recent update shared by CB Insights which noted that steady growth in large language models is increasingly pushing data center buildouts into the multi‑GW range — equivalent to “a… Read More

AI Is Enabling Digital Transformation of Finance and Key Business Processes : Analysis

Artificial intelligence (AI) is now becoming a key driver in accounting and is also said to be noticeably changing processes. Over half of companies (53 percent) currently use AI in this area or are “in the process of implementing it.” This is shown by the… Read More

Tether Enables AI Solutions, Driven by Rumble–Northern Data Alliance and GPU Network

Tether, which claims to be one of the largest companies in the digital asset ecosystem, is taking a step forward to advance open, freedom-first AI and cloud services. Tether has signed an agreement to lease a share of a 20,000+ GPU network to power its… Read More

Treasury Managers Now Operating at Interface of Financial Stability and Digital Tech Advancements : Research

KPMG noted recently that treasury managers currently tend to operate at the interface of financial stability, digital tech advancements and strategic corporate management. KPMG pointed out that as a result of this, they typically have to deal with a range of challenges, such as the… Read More

AI Infrastructure Buildout Not Over, Legal AI Firms Securing New Funding : Research

CB Insights noted in a report that October’s record funding indicates that the AI infrastructure buildout remains far from over, with OpenAI’s $22.5B raise accounting for about half of the month’s total.  However, CB Insights also pointed out that unlike September’s relatively more concentrated focus… Read More

Deloitte, AI Cloud Data Firm Snowflake to Enhance Tax Data Management Solutions

Deloitte Tax LLP announced an expanded alliance with Snowflake, the AI Data Cloud firm, in order to transform tax data management solutions. This collab will leverage the strengths of the organizations in an effort to combat cloud modernization obstacles and enable cloud data solutions and… Read More

UK Treasury Asks Financial Services Skills Commission to Prepare Report on Impact of AI

The UK Treasury has asked the Financial Services Skills Commission (FSSC) to prepare a report on AI focused skills requirements, training as well as ongoing tech advancements in financial services. With AI talent in growing demand and increase in the technology’s overall adoption, the United… Read More

Crypto.com Introduces AI LLM Integrated Model Context Protocol

Crypto.com has recently announced the introduction of its Model Context Protocol (MCP), Crypto Market Data by Crypto.com, in order to offer a high-performance cryptocurrency and financial data service that now integrates directly with AI large language models, such as Anthropic’s Claude as well as OpenAI’s… Read More

AI Adoption in the UK : Compliance Measures Implemented by AI Solutions Improves but Measurement Lags Behind, Report Claims

UK Finance has noted that AI adoption has risen in terms of compliance, but measurement continues to lag behind. According to the UK industry body,  it should actually be no secret that FIs are trying to adopt artificial intelligence across different areas of risk as… Read More

Private AI Agent Solutions and Underlying LLMs Netted Over $10B in Revenue in Past Year, Report Claims

The professional services landscape is undergoing a shift as artificial intelligence algorithms are leveraged to enhance operations. According to a recent CB Insights report, enterprise demand for AI is surging, with intelligent agents transforming workflows across industries. In 2024, private AI agent solutions and their… Read More

WeLab Partners with Google to Scale AI-Driven Financial Services Across Asia

Hong Kong-based fintech platform WeLab announced an artificial intelligence partnership with Google to accelerate digital banking across Asia Pacific, as the company targets serving 500 million users by 2032 with AI-powered financial services. The collaboration will see WeLab leverage Google’s advanced AI models and cloud… Read More

AI Adoption and its Impact on Global Businesses Analyzed in New Report

In an era where technological advancements are accelerating, Bain & Company’s Technology Report aims to serve as a vital compass for business leaders. Released this month, the  research report dissects the shifts in the tech landscape, positioning artificial intelligence as the force reshaping economies, societies,… Read More

AI Marketing Firm Demand AI Raises $2.5M in Global Funding Round

Demand AI Group Inc, an artificial intelligence-driven business-to-business marketing company, said it has closed a $2.5 million funding round backed by international institutional investors and strategic local partners. The investment will fuel global expansion for the Denver-based startup, which has established operations in nine countries… Read More

EY-Parthenon Unveils Neurosymbolic AI to Enable Business Revenue Growth

Modern city skyline featuring the Ernst & Young headquarters building illuminated at dusk, with surrounding skyscrapers and vibrant city lights emphasizing urban business district prominence.

Ernst & Young LLP (EY) has launched EY Growth Platforms (EYGP), an artificial intelligence enabled solution powered by neurosymbolic AI. Announced recently, this update from the EY-Parthenon practice aims to enable businesses to identify untapped opportunities, predict market shifts, and unlock revenue at scale. As… Read More

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