Daily archive
26 stories from 8 outlets. Times show when each story first broke, in UTC.
Some of the world's largest asset managers are raising alarms about risks to the artificial intelligence boom. Wall Street's top CEOs, meanwhile, are talking up the market's potential windfall from AI.
#UBS CEO Sergio Ermotti warned that cyber threats now rival or surpass traditional credit and market risks for banks. He urged regulators and the industry to stop stigmatizing attack victims to build collective resilience.
#Evertrue Capital has announced a $17 million debut fund focused on early-stage AI and fintech companies. Yvonne Bajela is bringing the capital to Europe's startup scene.
#Standard Chartered CEO Winters says artificial intelligence may affect hundreds of thousands of jobs across the industry. He tells anxious employees the bank has faced comparable technological change before.
#Apple's new Audio Intelligence features are now in beta on Apple Watch. They can help users remember what someone said or take notes on conversations.
#Blackstone President Jon Gray says AI infrastructure needs more equity as debt investors face concentration risks amid massive spending plans. Blackstone's Jon Gray and Pimco's Emmanuel Roman debate whether credit markets can absorb AI spending.
Also covered by CNBC Technology
#Royal Philips NV posted stronger-than-expected profitability in the third quarter. The results were driven by higher sales and tighter cost controls.
#Nvidia has instructed its cloud computing clients to reduce their exposure to Chinese companies, the Financial Times reported, citing unidentified people. The report does not specify which clients received the instruction.
#Franklin Templeton CEO Jenny Johnson and L&G Asset Management CEO Eric Adler discuss their outlooks for APAC and global markets. The interviews were recorded at the Hong Kong Monetary Authority Global Financial Leaders' Investment Summit.
#Korean game publisher Krafton is developing a global hit from a budding studio in Bangalore, India. The company is leveraging its presence in one of its top markets to define its next stage of growth.
#Goldman Sachs CEO David Solomon said a technology supercycle will dominate capital markets and financing activity. He described deal demand tied to AI as remaining robust.
#DBS Group CEO Tan Su Shan describes the bank's aggressive adoption of AI. She also says the Binance hack shows the need for tighter cyber hygiene, and discusses wealth flow growth in Singapore and Hong Kong.
#Eddie Yue, chief executive of the Hong Kong Monetary Authority, discusses his outlook for Hong Kong's third-quarter growth and his expectations for exchange fund performance. He spoke on the sidelines of the HKMA Global Financial Leaders' Investment Summit.
#Walt Disney Co. is moving toward thousands of job cuts, according to people familiar with the matter. Some managers have been asked to target 20% in annual cost savings.
#Oracle Corp. is preparing to price the sale of $10 billion in shares at an 11% discount, according to people familiar with the matter. The move follows a drop in its stock price in a choppy trading session.
#Hinge is testing a cheaper subscription tier. The test responds to users who are increasingly frustrated with paying for dating apps.
#OpenAI says former US Army Secretary Dan Driscoll is joining the company. The hire is meant to expand the use of artificial intelligence for national security and cybersecurity.
Also covered by CNBC Technology, Gizmodo
#China plans to roll out a broad set of standards governing AI safety from development through deployment. The guidelines are described as among the most comprehensive measures against loss of control over increasingly powerful AI.
#Morgan Stanley Chairman and CEO Ted Pick suggests AI investment could reach $10 trillion to $15 trillion over the next decade. He points to the potential for major productivity gains from the spending.
#Google's Dreambeans, an AI-generated personal stories experiment, now supports 13 Indian languages. The company is bringing the product to India to reach more users.
#State Street Corp. Chairman and CEO Ron O'Hanley said AI is not yet clearly a bubble. He argued that demand is supporting the large investments being made in the technology.
#Y Combinator CEO Garry Tan says he uses AI agents so heavily that he spends up to $200,000 a year on tokens. He made the remark on an upcoming episode of Walter Isaacson's podcast, The Builders, set to publish Tuesday.
#Starting November 16, Apple will require app developers to disclose whether their apps include real-world location sharing or dating features. The information will be used to assign appropriate age ratings.
Also covered by 9to5Mac, AppleInsider
#On Apple's Monday night earnings call, the company suggested it could increase revenue through third-party opportunities. No specific program or pricing was detailed in the call's remarks.
#This story originally appeared in The Algorithm, our weekly newsletter on AI. To get stories like this in your inbox first, sign up here. At the end of September, President Trump signed an executive order that contained just one directive, ordering government agencies to rebrand what they had been calling artificial intelligence as “Super Intelligence.” That…
#The 10-ounce receiver, made by a Kyiv startup, lets Ukrainian troops view the video feeds of Russian drones. TechCrunch reports that Russian moves toward digital video and AI-guided drones that emit no signals could limit the device's effectiveness.
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