FinTech

Twitter

Facebook

Copy Link

Key Facts

Key PlayersBloomberg, JPMorgan, Citadel

AI AdoptionAdvanced

Use CasesFraud Detection, Algorithmic Trading, Risk Assessment

Top News

CoreWeave expands AI cloud to Indonesia as analysts back infrastructure growth amid federal push

CoreWeave unveiled plans for three data centers in Indonesia totaling 360 megawatts while securing strategic partnerships with Leidos for federal AI cloud services. Piper Sandler initiated coverage with a $151 price target, citing the company's edge in the rapidly expanding GPU-as-a-service market expected to reach $100 billion by 2029.

Business7 sources

CoreWeave expands AI cloud to Indonesia as analysts back infrastructure growth amid federal push

Business7 sources

Monolithic Power Systems stock surges 11% as AI server demand drives Enterprise Data revenue up 164%

Monolithic Power Systems stock jumped 11% in after-hours trading following strong Q2 results that beat Wall Street estimates. Revenue reached $980.6 million, up 47.6% year-over-year, driven by Enterprise Data segment growth of 164.3%. The chipmaker raised Q3 guidance and expanded share buyback authorization to $1 billion.

Business2 sources

Monolithic Power Systems stock surges 11% as AI server demand drives Enterprise Data revenue up 164%

Business2 sources

Lloyds Banking Group targets £2bn in cost savings through AI strategy, but bets against AI agents

Lloyds Banking Group has unveiled Accelerate 2030, a four-year AI strategy targeting £2bn in cost savings by 2030. CEO Charlie Nunn is betting on AI-driven automation to push the cost-to-income ratio below 45%, while simultaneously expanding cross-selling initiatives. The strategy reveals a paradox: the bank embraces AI for operational efficiency but its growth model assumes customers won't use agentic AI to compare financial products.

Business5 sources

Lloyds Banking Group targets £2bn in cost savings through AI strategy, but bets against AI agents

Business5 sources

US Economic Growth Reaches 1.5% in Q2 as AI Spending and Consumer Demand Drive Expansion

The US economy grew at a 1.5% annualized rate in the second quarter of 2026, slightly below economist expectations but showing resilience. Consumer spending surged 3.2% while business investment in AI infrastructure continued its double-digit expansion, offsetting trade deficits and geopolitical headwinds from the Middle East conflict.

Business2 sources

US Economic Growth Reaches 1.5% in Q2 as AI Spending and Consumer Demand Drive Expansion

Business2 sources

Banks to Offload $15B Debt for Google-Backed Anthropic Data Center as AI Build-Out Demands Surge

Morgan Stanley leads a consortium planning to refinance $15 billion in debt for Anthropic's Texas data center campus through bond markets. Google backstops the deal with its investment-grade credit rating in exchange for 20% equity, as Wall Street lenders grow wary of massive AI infrastructure financing exposure.

Business5 sources

Banks to Offload $15B Debt for Google-Backed Anthropic Data Center as AI Build-Out Demands Surge

Business5 sources

Goldman Sachs Asset Management launches AlphaAI to capture AI-driven market opportunities

Goldman Sachs Asset Management has unveiled AlphaAI, an artificial intelligence investing platform designed to generate returns from the rapidly evolving AI technology space. Lou D'Ambrosio will lead the initiative as chairman of Artificial Intelligence for Asset Management, drawing on insights from over 100 AI applications already operating within Goldman's portfolio companies.

Business2 sources

Goldman Sachs Asset Management launches AlphaAI to capture AI-driven market opportunities

Business2 sources

Nscale Acquires Anyscale for $1.65B to Control Full AI Compute Stack from Power to Software

British AI cloud provider Nscale is buying AI software startup Anyscale for $1.65 billion to expand beyond GPU rentals into workload management. The deal combines Nscale's ownership of power, data centers, and compute with Anyscale's Ray-based platform that optimizes AI workloads across thousands of chips, creating what the companies call the first full-stack AI hyperscaler.

Startups5 sources

Nscale Acquires Anyscale for $1.65B to Control Full AI Compute Stack from Power to Software

Startups5 sources

AEREDIUM secures patent for AI auditing system that replaces quarterly stablecoin checks

AEREDIUM has been granted US Patent No. 12,694,407 for an autonomous reserve auditing system that uses four independent AI models to continuously verify digital asset reserves. The system records verdicts on-chain and can automatically halt transactions when reserve integrity is compromised, replacing the traditional quarterly audit model with real-time verification.

Technology2 sources

AEREDIUM secures patent for AI auditing system that replaces quarterly stablecoin checks

Technology2 sources

Game Your Game begins trading on Nasdaq as AI golf platform targets 48 million US golfers

Palo Alto-based Game Your Game started trading on the Nasdaq Capital Market under ticker GYGY, marking a significant step for the AI-powered golf performance technology company. The firm's GameGolf KZN AI platform has already mapped over 36,000 golf courses and tracked more than 3 million rounds across 140 countries since 2014.

Business2 sources

Game Your Game begins trading on Nasdaq as AI golf platform targets 48 million US golfers

Business2 sources

Check Point Software shares drop 8% as AI security growth offsets firewall slowdown

Check Point Software Technologies Ltd. saw shares fall 8.2% after posting mixed second-quarter earnings. The cybersecurity provider beat profit expectations with $2.55 per share but missed revenue targets at $674 million. While firewall appliance sales declined 14%, the company's AI security products and subscription-based software surged, with AI security delivering over 40% revenue growth.

Business3 sources

Check Point Software shares drop 8% as AI security growth offsets firewall slowdown

Business3 sources

Euro Zone Economy Beats Forecasts as AI Spending and Consumer Confidence Drive 0.4% Growth

The euro zone economy expanded by 0.4% in the second quarter, surpassing expectations of 0.2% growth. Surging investment in AI, resilient household consumption, and government spending helped the 21-nation bloc overcome challenges from the war in Iran and soaring energy costs, though analysts warn some growth boosters may not last.

Business2 sources

Euro Zone Economy Beats Forecasts as AI Spending and Consumer Confidence Drive 0.4% Growth

Business2 sources

Digital Currency X signs $20M deal for AI education platform with exclusive US rights

Digital Currency X Technology announced a non-binding memorandum of understanding with Whales AI Limited for a $20 million investment in an AI and STEM education robotics platform. The deal grants DCX exclusive rights to market and operate the platform across the US and Canada, with a 60/40 revenue split in DCX's favor. The move marks DCX's strategic shift toward AI-driven business lines as the global AI in education market is projected to reach $136.79 billion by 2035.

Business2 sources

Digital Currency X signs $20M deal for AI education platform with exclusive US rights

Business2 sources

Leopold Aschenbrenner's AI Hedge Fund Collapses From $45B to $10B in Weeks, Sells Portfolio to Citadel

Leopold Aschenbrenner's Situational Awareness, an AI-focused hedge fund, crashed from $45 billion to $10 billion after AI infrastructure stocks plummeted over 30% in a month. The 25-year-old former OpenAI researcher sold most public holdings to Ken Griffin's Citadel but retained a $5 billion stake in Anthropic, which could offset losses when it goes public in October.

Business32 sources

Leopold Aschenbrenner's AI Hedge Fund Collapses From $45B to $10B in Weeks, Sells Portfolio to Citadel

Business32 sources

Microsoft's $3.2B Anthropic gain surpasses Windows and Xbox operating income combined

Microsoft reported a $3.2 billion gain from its Anthropic investment in Q4 2026, exceeding the operating income of its entire Windows and Xbox division. Meanwhile, its OpenAI stake saw a $600 million quarterly write-down, though it generated $5 billion in gains for the full year. The results highlight Microsoft's shift toward a diversified AI strategy across multiple frontier model providers.

Business2 sources

Microsoft's $3.2B Anthropic gain surpasses Windows and Xbox operating income combined

Business2 sources

Samsung hits record $62B profit on AI chip demand but warns memory shortage worsens through 2028

Samsung posted a record $62 billion operating profit in Q2 2026, driven by surging demand for AI servers and memory chips. But the company warns the global memory shortage will intensify through 2028, causing its mobile division to post its first-ever loss of $544 million due to soaring component costs.

Business26 sources

Samsung hits record $62B profit on AI chip demand but warns memory shortage worsens through 2028

Business26 sources

Prev 1 2 345…28 Next