Citi boss Jane Fraser says 2 AI races will decide banking’s future
Citigroup chief executive Jane Fraser says the financial sector is running two AI races at once, she told the South China Morning Post. The first is applying AI to business models to drive revenue growth, shortening product development cycles and improving customer service. The second race is defensive. Fraser said Citi’s job is to keep the […]<br /> This story continues at The Next Web [...]
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Jane Street commits $6 billion to CoreWeave and takes a $1 billion equity stake
In short: Jane Street has signed a $6 billion AI cloud agreement with CoreWeave and taken a $1 billion equity stake at $109 per share, making the quantitative trading firm one of CoreWeave’s five la [...]
Nvidia rival Etched raises $800M with backing from Jane Street and a TSMC-linked fund
AI chip startup Etched has raised $800 million and revealed that its backers include trading firm Jane Street and VentureTech Alliance, a venture firm with a strategic partnership with TSMC. The compa [...]
Salesforce rolls out new Slackbot AI agent as it battles Microsoft and Google in workplace AI
Salesforce on Tuesday launched an entirely rebuilt version of Slackbot, the company's workplace assistant, transforming it from a simple notification tool into what executives describe as a fully [...]