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Poetic emerges from stealth with $50M from OpenAI to automate insurance underwriting and compliance
Poetic, an AI startup that has been operating in stealth, has emerged with $50M in funding and a $500M valuation to automate some of finance’s most sensitive back-office work, from insurance underwr [...]
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 [...]
AI’s financial blind spot: Why long-term success depends on cost transparency
Presented by Apptio, an IBM companyWhen a technology with revolutionary potential comes on the scene, it’s easy for companies to let enthusiasm outpace fiscal discipline. Bean counting can seem shor [...]
Snap cuts 1,000 jobs as Spiegel bets AI can do the work of a bigger workforce
Snap is cutting roughly 1,000 jobs, or 16% of its full-time workforce, as CEO Evan Spiegel cites AI-driven efficiency gains and pursues more than $500 million in annualised cost savings. The layoffs f [...]
Jumia is cutting another 10% of staff. AI is the framing. Profitability is the deadline.
Francis Dufay told Bloomberg TV the African e-commerce company is implementing AI across operations, logistics, finance, and marketing, and intends to be profitable by the end of the year. The 200 job [...]