The BIS warns an AI bust could hit credit markets as hard as the 2008 financial crisis
The Bank for International Settlements warned on Sunday that an AI investment bust could hit credit markets with disruption comparable to the 2008 financial crisis. In its annual report, the Basel-based institution listed AI-led risks alongside inflation and fiscal stress as “pressure points” that “demand attention.” “Disappointment in returns could trigger a sudden pullback in […]<br /> This story continues at The Next Web [...]
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Anthropic rolls out Claude AI for finance, integrates with Excel to rival Microsoft Copilot
Anthropic is making its most aggressive push yet into the trillion-dollar financial services industry, unveiling a suite of tools that embed its Claude AI assistant directly into Microsoft Excel and c [...]
The 6 best Mint alternatives to replace the budgeting app that shut down
It's been almost one year since Intuit shut down the popular budgeting app Mint. I was a Mint user for many years; millions of other users like me enjoyed how easily Mint allowed us to track all [...]
NYU finance professor Damodaran warns an AI crash could hit harder than the dot-com bust
NYU finance professor Aswath Damodaran believes a potential AI crash would be more painful than the bursting of the dot-com bubble because the industry is building massive amounts of debt-financed phy [...]
Microsoft launches 3 new AI models in direct shot at OpenAI and Google
Microsoft on Wednesday launched three new foundational AI models it built entirely in-house — a state-of-the-art speech transcription system, a voice generation engine, and an upgraded image creator [...]
Capture the full value of your technology with financial intelligence
As AI, cloud, and other technology investments soar, organizations have to make investment decisions with increased speed and clarity. Practices like FinOps, IT financial management (ITFM), and strate [...]
CFTC sues three states for trying to regulate prediction markets
The US Commodity Futures Trading Commission is suing Illinois, Arizona and Connecticut for attempting to outlaw or regulate prediction markets like Kalshi and Polymarket. The CFTC believes it has sole [...]
President Biden's rule restricting US AI chip exports has been rescinded
President Donald Trump's administration has undone one of the last regulations set by his predecessor. Today, the Department of Commerce rescinded the AI Diffusion Rule implemented by former Pres [...]
The attack dominating financial services doesn't steal passwords. It resets MFA and steals the token.
The attacker who hit the most financial services organizations over the past 12 months never phished a password. They called an IT support line, convinced an employee to reset their MFA, and registere [...]