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…
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…
TrustEvals and Accorian launched a Governance, Risk, and Compliance framework for enterprise AI deployments in financial services on June 27, 2026, addressing 'control drift' where AI systems change b…
Teresa Wu, VP Engineer at JPMorgan Chase and Google Developer Expert, will speak at the Infobip Shift conference in Zadar, Croatia, about how AI accelerates multi-platform development. Wu emphasizes t…
Anthropic's unreleased AI model, Claude Mythos, demonstrated to the House Homeland Security Committee in May 2026, can chain software vulnerabilities to theoretically drain private bank accounts, alar…
Google CEO Sundar Pichai told Stanford graduates to stop obsessing over their first jobs, sharing a lesson he learned on a road trip to Las Vegas where skipping a class taught him that few moments are…
Raise US, a new organization, announced a $500 million initiative over three to four years to support AI workforce development, though details on funding sources, leadership, and political backing rem…
Nasdaq CFO Sarah Youngwood has implemented a martial-arts-style belt system to train her finance team in AI proficiency, mandating at least white-belt level for all employees and aiming for 20% to rea…
JPMorgan Chase and Goldman Sachs in Hong Kong have stopped using Anthropic's AI models due to US export restrictions, which block non-Americans from accessing the company's latest models. The move thr…