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Latest Results from /ai

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Algo trading firm XTX to build €1bn data centre hub in Finland

Algo trading form XTX Markets is investing €1 billion in a large-scale data centre complex in Finland to support its growing use of machine learning.

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Goldman Sachs wants to create AI that thinks and acts like a seasoned banker

Goldman Sachs is rolling out a Generative AI assistant to its staff in the first stage of a programme that aims to create a bot capable of thinking and acting like a veteran employee.

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RBC to co-develop GenAI models for data security and privacy with Cohere

Royal Bank of Canada has teamed with AI vendor Cohere to co-develop a security and data privacy application using generative AI.

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Nationwide consolidates data estate to pave the way for GenAI

Nationwide Building Society is to expand its use of Generative AI, after reporting a successful first implementation with Microsoft.

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Agentic AI: Citi GPS explores future of finance in the ‘do it for me’ economy

Citi GPS, Citi’s thought leadership product, last week released a report exploring the transformative potential of agentic artificial intelligence (AI), a cutting-edge advancement enabling AI systems to make decisions and execute tasks autonomously.

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Google fund invests in KYB verification startup Arva AI

Google's early-stage AI fund has led a $3 million seed round for Arva AI, a startup that helps banks and fintechs automate AML and KYB compliance.

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Nevermined raises $4m to build 'PayPal for AI'

Nevermined, a startup building payments infrastructure for AI-to-AI transactions, has raised $4 million in funding.

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Chainalysis buys AI fraud detection firm Alterya

Blockchain analysis giant Chainalysis has acquired generative AI-powered fraud detection startup Alterya.

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AI threatens as many as 200,000 jobs in global banks - Bloomberg

Global banks will cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches on tasks currently carried out by human workers, according to a market survey conducted by Bloomberg Intelligence.

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Monzo co-founder prepares for new era of AI-based self-driving startups

Imagine a company with no human staff, founded and run solely by an AI agent. It sounds like the stuff of sci-fi, but this is a vision of the future that former Monzo co-founder Jonas Templestein is now working to bring into existance.

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Putin orders Russian bank to cooperate with China on AI

Sberbank, Russia’s largest financial institution, has been told to work with China on the development of AI-based services.

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Finextra's year in review

With 2024 drawing to a close, we take a look back at our most popular news items and community engagement activities over the course of the past year.