JPMorgan Chase CEO Jamie Dimon expressed skepticism about the AI spending boom, saying the huge investments may not pay off as investors expect, but he praised SpaceX's plan for space data centers as …
BlackRock is leading a debt sale of more than $12 billion to fund a Meta data center campus in El Paso, Texas, with the bonds issued by a company holding an 80% stake in the project while Meta owns th…
JPMorgan Chase CEO Jamie Dimon predicts global AI spending will reach $1 trillion by 2027, driven by hyperscalers like Microsoft, Google, Amazon, and Meta ramping up capital expenditures on data cente…
Oracle faces multibillion-dollar cost overruns at its AI megacampuses, with capital expenditures surging from $21.2 billion in fiscal 2025 to a projected $90-95 billion in fiscal 2027, while banks inc…
The five largest Wall Street banks — JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs, and Morgan Stanley — collectively reported $114 billion in capital markets revenue in the first half of …
Financial institutions that have scaled AI across operations report 20–30% improvements in operational efficiency, according to McKinsey's 2024 Global Banking Annual Review, yet most banks remain stuc…
IBM shares fell more than 23% after the company issued a warning about AI spending returns, sending a shockwave through the tech industry. JPMorgan Chase CEO Jamie Dimon urged calm over AI's impact on…
Bank of America named Kevin Milsom as head of platforms AI transformation and moved Amy Avery's Analytics, Modelling & Insights team under the platforms group to centralize AI and data-driven insights…
JPMorgan Chase CEO Jamie Dimon told Business Insider that AI has reduced jobs in certain areas of the bank but has not yet lowered operating costs, raising questions about return on investment from AI…
Anthropic is lining up investor meetings with Goldman Sachs, Morgan Stanley, and JPMorgan Chase for a potential October IPO at a nearly $1 trillion valuation, after the company was last valued at $965…
JPMorgan Chase CEO Jamie Dimon warned at the Pennsylvania Defense and Innovation Summit that broad access to Anthropic's Mythos-class AI models would be like giving 'ballistic missiles to individuals.…
JPMorgan Chase CEO Jamie Dimon said on Wednesday that risks posed by Anthropic's Mythos AI model are a 'real issue' that the U.S. government is on top of, warning that 'you're giving ballistic missile…
JPMorgan Chase's stock rose into a buy zone on Monday, with analysts citing the bank's potential as the next AI winner. The stock gained 1.5% to $183.22, breaking out of a cup-with-handle base with a …
JPMorgan Chase CEO Jamie Dimon warned that Anthropic's Mythos AI model poses 'very heightened' cybersecurity risks for the financial sector, citing thousands of unpatched vulnerabilities that could ta…
Anthropic has confidentially filed its IPO prospectus with the SEC and may list as early as October, according to CNBC and Bloomberg. The AI company, valued at $965 billion after a $65 billion funding…
Anthropic PBC is seeking to meet with investors ahead of a potential mega-IPO, with banks scheduling meetings in the coming weeks for the Claude chatbot maker, which is considering an IPO as soon as O…
Morgan Stanley reported record net income of $5.58 billion, or $3.46 per share, and record revenue of $21.35 billion in the second quarter, driven by an AI-fueled surge in trading and dealmaking. The …
JPMorgan Chase CEO Jamie Dimon said he understands why people are 'anti-rich,' acknowledging that the U.S. has 'left the lower-income folks behind' as the wealth gap widens, with the bottom 50% of hou…
FedEx CEO Raj Subramaniam, one year after the death of founder Fred Smith, is charting his own path while preserving the company's culture, as he navigates supply chain disruptions and leads the compa…
Goldman Sachs posted record Q2 net revenue of $20.3 billion and EPS of $20.98, beating analyst estimates by 46% and 26% respectively, while JPMorgan reported $21.2 billion in net income on $58 billion…