JPMorgan Chase CEO Jamie Dimon said the bank has cut 30% to 40% of jobs in some departments due to AI, with most affected employees offered other roles within the company. Dimon made the disclosure du…
Wall Street's biggest banks reported collective profits of $49 billion in Q2, up 39% year over year, driven by an AI boom that fueled record equity trading and underwriting fees. Goldman Sachs CEO Dav…
Goldman Sachs CEO David Solomon said Wall Street is in the middle of an AI capex 'super cycle' that is driving elevated levels of strategic activity, financing, and capital formation across markets, a…
JPMorgan Chase CEO Jamie Dimon told analysts during the company's second-quarter earnings call that artificial intelligence has already eliminated 30 to 40 percent of jobs in some divisions of the ban…
JPMorgan Chase CEO Jamie Dimon said Tuesday that artificial intelligence has already reduced jobs by 30% to 40% in some areas of the bank, but cautioned that the technology will not dramatically cut t…
JPMorgan Chase CEO Jamie Dimon warned on July 12, 2026, that artificial intelligence poses cyber threats as the single biggest risk, while geopolitical tensions involving Iran, Ukraine, and China coul…
JPMorgan Chase reported a record quarterly profit of $21.2 billion for the second quarter, the highest ever for a US bank, driven by a 28% revenue increase to $57 billion and a $4.6 billion gain from …
Helsing, Europe's largest defence startup, raised $1.8bn in a Series E round at an $18bn valuation, led by Dragoneer and Lightspeed, with significant investments from JPMorgan Chase, Goldman Sachs gro…
Helsing, a German defense AI startup, raised $1.8 billion at an $18 billion valuation from investors including JPMorgan Chase, Lightspeed Venture Partners, and Iconiq, while the U.S. Air Force spends …
Massive investment in AI data centers, expected to top $700 billion this year, is driving up prices for memory chips, consumer electronics, and electricity, posing a new inflation threat. Economists a…
Drone startup Helsing has completed a $1.8 billion funding round, valuing the company at $18 billion, the company announced Monday. Investors include Dragoneer Investment Group, Iconiq, Canada Pension…
JPMorgan Chase CEO Jamie Dimon warned that AI-powered cyber threats pose the biggest risk to the US, citing how artificial intelligence tools are accelerating attacks faster than organizations can def…
JPMorgan Chase has developed eight AI-powered investing agents that dynamically shift assets between stocks and bonds, outperforming the traditional 60/40 portfolio in backtests spanning roughly two d…
JPMorgan Chase has developed AI agents that dynamically allocate between stocks and bonds, outperforming the traditional 60/40 portfolio by 0.7 percentage points annually with lower volatility in two …
JPMorgan Chase is testing an AI tool called Smart Cash that can automatically move money between checking accounts and higher-yielding brokerage products without human approval. The bank has reclassif…
SK Hynix is guiding investors to price its US listing at $149 per American depositary receipt, about 3.1% above its Korea close, according to people familiar with the matter. The offering could raise …
Goldman Sachs Group has become Taiwan's largest foreign brokerage by trading volume in the first half of 2025, rising from 10th place, by expanding coverage of quant funds seeking AI exposure. The ban…
Stanford professor Nicholas Bloom predicts the 2026 FIFA World Cup will create a 'summer of working from home' due to late-night matches, rising commuting costs, and a heat wave. Goldman Sachs, JPMorg…
OpenAI is hiring an investment banker for its Applied AI team in San Francisco, offering a base salary of $185,000 to $205,000 plus equity. The role involves defining the quality bar for AI-assisted i…
Activist hedge fund Jana Partners disclosed a 6.3% stake in Alkami Technology and is publicly demanding a sale, citing AI pressure on community bank software. Jana argues the company trades at a disco…