New research reveals where legal responsibility falls when artificial intelligence tools make fraudulent financial transfers on behalf of users.…
Lendable's US expansion plans highlight fintech growth while traditional banks grapple with AI disruption and major financial exposures.…
Alibaba plans to merge its Qwen AI platform with Taobao marketplace, replacing keyword searches with conversational commerce for millions of Chinese consumers.…
Record AI investments by Amazon, Google, Microsoft and Meta are eating into free cash flow, with a projected $4 billion quarterly decline.…
European Central Bank Governing Council member José Luis Escrivá warns banks to test systems against artificial intelligence-related security risks.…
British fintech Lendable doubled profits by issuing more personal loans than any UK bank, now eyeing US expansion with AI-powered credit technology.…
TeraWulf's high-performance computing revenue surged 117% to $21 million as the company shifts from Bitcoin mining to AI infrastructure, though transition costs drove a massive quarterly loss.…
European Central Bank's Escrivá highlights AI's systemic risks, prompting calls for comprehensive financial infrastructure overhaul across Europe.…
Cloudflare's forecast of slower growth amid rising AI costs highlights broader challenges facing technology firms as they navigate the balance between innovation investments and profitability demands.…
IREN secures massive $3.4 billion Nvidia deal for AI compute capacity, with chipmaker gaining $2.1 billion investment rights in mining company transformation.…
Publicly traded TeraWulf reported a massive Q1 loss while its AI compute business overtook traditional Bitcoin mining revenue streams.…
International Monetary Fund declares AI-driven cyber threats a fundamental financial stability issue, calling for new resilience standards as attacks grow more sophisticated.…