FinTech

Twitter

Facebook

Copy Link

Key Facts

Key PlayersBloomberg, JPMorgan, Citadel

AI AdoptionAdvanced

Use CasesFraud Detection, Algorithmic Trading, Risk Assessment

Top News

Iren AI infrastructure stock soars 493% as Jefferies sets $79 target on Microsoft, Nvidia deals

Jefferies initiated coverage on Iren with a buy rating and $79 price target, citing the company's transformation into a vertically integrated AI cloud provider. The former Bitcoin mining operation has surged 493% over the past year after securing $3.1 billion in annual recurring revenue from hyperscalers including Microsoft and Nvidia.

Business2 sources

Iren AI infrastructure stock soars 493% as Jefferies sets $79 target on Microsoft, Nvidia deals

Business2 sources

JPMorgan cuts off Anthropic AI access for Hong Kong staff amid tightening US export controls

JPMorgan Chase has restricted Hong Kong employees from accessing Anthropic's Claude models, citing licensing terms in a move that mirrors Goldman Sachs' April decision. The restrictions reflect growing US national security concerns over advanced AI technology and mark the second major Wall Street bank to limit Anthropic AI access in the geopolitically sensitive financial hub.

Policy4 sources

JPMorgan cuts off Anthropic AI access for Hong Kong staff amid tightening US export controls

Policy4 sources

China eases IPO rules for AI companies as tech rivalry with US intensifies

China's securities regulator announced reforms to accelerate public listings for AI large-model companies and startups in quantum technology, nuclear fusion, and brain-computer interfaces. The move comes as major US AI firms prepare Wall Street IPOs, signaling Beijing's push for tech self-sufficiency amid growing competition with Washington.

Business2 sources

China eases IPO rules for AI companies as tech rivalry with US intensifies

Business2 sources

Rumble completes $767M Northern Data acquisition, rebrands to RUM Group and launches Quake AI

Rumble has completed its $767 million acquisition of Northern Data AG, gaining control of approximately 22,000 NVIDIA GPUs across nine data centers. The company is rebranding to RUM Group and launching Quake AI, a new business unit combining cloud infrastructure assets. With over 200 megawatts of unmonetized energy capacity, the move positions Rumble to compete directly with major cloud providers in AI services.

Technology2 sources

Rumble completes $767M Northern Data acquisition, rebrands to RUM Group and launches Quake AI

Technology2 sources

HSBC partners with Google Cloud to accelerate AI adoption across 200+ banking use cases

HSBC announced a multi-year partnership with Google Cloud to expand AI capabilities across its global operations. The collaboration will enable over 200 new AI use cases in the next two years, focusing on wealth management, financial crime detection, and customer service. Each high-value initiative could return more than $100 million in revenue gains or efficiency improvements.

Business3 sources

HSBC partners with Google Cloud to accelerate AI adoption across 200+ banking use cases

Business3 sources

Jabil raises revenue forecast to $35 billion as AI infrastructure demand surges

Electronics manufacturer Jabil has raised its fiscal 2026 revenue forecast to $35 billion, citing extremely strong AI infrastructure demand. The company now expects AI-related revenue of $13.6 billion, up $500 million from its March forecast, as it expands manufacturing capacity and secures new hyperscale customers.

Business2 sources

Jabil raises revenue forecast to $35 billion as AI infrastructure demand surges

Business2 sources

CPP Investments commits $741M to CtrlS Datacenters in India's AI infrastructure race

Canada Pension Plan Investment Board has committed up to $741 million to Indian data center operator CtrlS through a strategic partnership that includes an 8.2% stake acquisition and a joint venture to develop hyperscale data center campuses. The investment positions India as a critical hub in the global AI infrastructure buildout, with CPP Investments joining tech giants and institutional investors racing to meet surging computing demand.

Business2 sources

CPP Investments commits $741M to CtrlS Datacenters in India's AI infrastructure race

Business2 sources

Google Cloud and UK government deploy AI tools to cut planning application times in half

Google Cloud announced major partnerships at its London Summit, including a collaboration with the UK government to deploy AI tools that reduce planning application processing from eight to four weeks. HSBC is also adopting Google Cloud AI across over 200 use cases globally, covering wealth management and financial crime detection.

Technology2 sources

Google Cloud and UK government deploy AI tools to cut planning application times in half

Technology2 sources

70% of UK SMBs now act on AI financial advice before consulting their accountants

A new report reveals that 70% of UK small and medium-sized enterprises act on AI-generated financial advice before consulting their accountants, with only 5% rarely doing so. This shift highlights widespread dissatisfaction with traditional accounting services, as 91% of SMEs considered changing accountants last year, seeking more proactive, strategic guidance beyond basic compliance work.

Business2 sources

70% of UK SMBs now act on AI financial advice before consulting their accountants

Business2 sources

Plaud AI notetaker hits $100M revenue milestone as company plans autonomous AI agent wearable

Plaud has sold over 2 million AI-powered notetaker devices and reached $100 million in annualized revenue run rate, defying the AI hardware slump. The company now plans to launch a new wearable device later this year that integrates with autonomous AI agents, projecting $500 million in sales for 2026.

Technology2 sources

Plaud AI notetaker hits $100M revenue milestone as company plans autonomous AI agent wearable

Technology2 sources

UBS upgrades Dynatrace to buy, predicts AI tailwinds will drive accelerating growth to 18%

UBS upgraded Dynatrace from neutral to buy, setting a $60 price target that implies 46% upside. The investment bank expects the AI-powered observability platform to benefit from strong demand in application performance monitoring, growing AI workloads, and an expanding cybersecurity market projected to reach $699.39 billion by 2034.

Business3 sources

UBS upgrades Dynatrace to buy, predicts AI tailwinds will drive accelerating growth to 18%

Business3 sources

AMD Stock Hits Record High After MEXT Acquisition and Wave of Bullish Analyst Upgrades

Advanced Micro Devices stock surged 7.3% to a new all-time high of $558.37 following its acquisition of MEXT, a developer of AI-driven memory optimization technology. The rally was fueled by Citigroup upgrading AMD to Buy with a $575 price target, citing undervaluation as a GPU company. Wolfe Research echoed optimism about upside potential driven by AMD's deepening ties with Meta Platforms and Microsoft.

Business2 sources

AMD Stock Hits Record High After MEXT Acquisition and Wave of Bullish Analyst Upgrades

Business2 sources

OpenAI spent $34 billion in 2025 as losses mount ahead of planned IPO

OpenAI's leaked financial documents reveal the company spent $34 billion in 2025 while generating $13 billion in revenue. Research and development costs alone reached $19 billion, with $10.6 billion going to Microsoft. Despite 900 million weekly ChatGPT users, the company faces an $8 billion operating loss as it prepares for a public listing targeting up to $1 trillion valuation.

Business4 sources

OpenAI spent $34 billion in 2025 as losses mount ahead of planned IPO

Business4 sources

Microsoft faces shareholder lawsuit over Azure slowdown and AI spending concealment claims

A securities class action lawsuit accuses Microsoft of hiding critical information about its Azure cloud business slowdown and surging AI infrastructure costs. The case centers on a January earnings report that triggered a 10% stock drop, erasing $357 billion in market value in a single day.

Business5 sources

Microsoft faces shareholder lawsuit over Azure slowdown and AI spending concealment claims

Business5 sources

Nvidia raises $25 billion in first bond sale since 2021 as AI demand drives massive financing needs

Chipmaker Nvidia completed a $25 billion bond offering, its first debt issuance in five years, drawing over $85 billion in investor orders. The upsized deal reflects surging AI demand and marks a shift as even cash-rich tech giants turn to capital markets to fund the AI infrastructure buildout and chip production needs.

Business9 sources

Nvidia raises $25 billion in first bond sale since 2021 as AI demand drives massive financing needs

Business9 sources

Prev 1…101112…19 Next