FinTech

Twitter

Facebook

Copy Link

Key Facts

Key PlayersBloomberg, JPMorgan, Citadel

AI AdoptionAdvanced

Use CasesFraud Detection, Algorithmic Trading, Risk Assessment

Top News

40% of Americans Use AI Chatbots for Financial Advice, but Trust Remains Low at Just 27%

Two major surveys reveal a growing divide in how Americans view AI financial advice. While 40% have turned to AI chatbots for financial guidance in recent months, only 27% express confidence in the technology. Experts say AI handles basic questions well but struggles with nuanced scenarios like portfolio rebalancing and job loss planning.

Business8 sources

40% of Americans Use AI Chatbots for Financial Advice, but Trust Remains Low at Just 27%

Business8 sources

Doximity Stock Jumps 78% After CEO Reveals AI Search Tool Generates 10x Returns on Investment

Doximity stock skyrocketed over 78% after CEO Jeff Tangney disclosed that the company's AI search tool generates 10 times more revenue than it costs to operate. The physician-focused digital medical platform also reported that its clinical AI assistant outperformed competitors including Anthropic in independent testing, signaling major growth potential in the healthcare AI market.

Business6 sources

Doximity Stock Jumps 78% After CEO Reveals AI Search Tool Generates 10x Returns on Investment

Business6 sources

Twilio Stock Jumps 17% as Voice AI Powers Strong Earnings Beat and 22% Revenue Growth

Twilio delivered a strong Q2 earnings beat with $1.47 per share and $1.5 billion in revenue, surpassing analyst expectations. The cloud communications provider attributed its success to rapid adoption of its Voice AI product unveiled at SIGNAL conference. With voice growing 20% year-over-year and guidance raised for full-year revenue, the company demonstrates its positioning as critical AI infrastructure.

Business2 sources

Twilio Stock Jumps 17% as Voice AI Powers Strong Earnings Beat and 22% Revenue Growth

Business2 sources

SanDisk secures $93.9 billion in AI storage deals as data center demand surges

SanDisk reported record quarterly revenue of $8.97 billion driven by AI infrastructure demand but shares fell 5-8% as guidance disappointed investors expecting stronger growth. The company unveiled 10 long-term purchase agreements worth $93.9 billion backed by $16.5 billion in financial guarantees, targeting 80% adjusted gross margins by 2030.

Business9 sources

SanDisk secures $93.9 billion in AI storage deals as data center demand surges

Business9 sources

Alphabet Raises $25 Billion in Bond Sale to Fund AI Infrastructure Build-Out

Alphabet sold $25 billion in bonds across 10 tranches to finance its AI infrastructure expansion, drawing $115 billion in peak demand. The tech giant's 2026 capital budget reaches $205 billion as it posts its first negative free cash flow since 2004.

Business5 sources

Alphabet Raises $25 Billion in Bond Sale to Fund AI Infrastructure Build-Out

Business5 sources

Figma Stock Plunges 16% Despite Record Growth as AI Costs Alarm Investors

Figma posted its strongest quarter yet with 48% revenue growth to $370.1 million and raised its annual revenue forecast. But the design collaboration platform's shares fell 16% after-hours as surging AI costs doubled operating expenses to $426.9 million, squeezing margins and raising questions about the true price of AI integration efforts.

Business3 sources

Figma Stock Plunges 16% Despite Record Growth as AI Costs Alarm Investors

Business3 sources

AI Stocks Trigger Record Market Volatility Across South Korea, Taiwan and Japan

South Korea's Kospi index plunged 40% in just six weeks after doubling on AI-driven gains from Samsung Electronics and SK Hynix. The AI stock rout wiped out billions as Taiwan's TSMC fell 14% and Asian hedge funds posted record 15.2% monthly losses in July, exposing dangerous concentration risks in emerging markets.

Business4 sources

AI Stocks Trigger Record Market Volatility Across South Korea, Taiwan and Japan

Business4 sources

Siemens Raises Profit Outlook on AI Data Center Boom But Shares Drop 6% on Investor Expectations

German industrial giant Siemens raised its profit outlook for the second time this year after record orders driven by AI spending and data center buildout reached €27.9 billion. Despite net profit rising 15% to €2.6 billion, Siemens shares plunged 6% as the guidance increase fell short of investor expectations and concerns emerged about AI software risks.

Business2 sources

Siemens Raises Profit Outlook on AI Data Center Boom But Shares Drop 6% on Investor Expectations

Business2 sources

Travis Kalanick's Atoms Hires Former Uber CFO Gautam Gupta After $1.7 Billion Raise

Gautam Gupta, who served as Uber's finance chief during Travis Kalanick's tenure from 2013 to 2017, has joined the industrial-robotics startup Atoms as CFO. The move comes weeks after Atoms raised $1.7 billion led by Andreessen Horowitz, with Uber itself contributing $100 million. The hire continues Kalanick's pattern of reuniting with former Uber executives at Atoms.

Business2 sources

Travis Kalanick's Atoms Hires Former Uber CFO Gautam Gupta After $1.7 Billion Raise

Business2 sources

Block Raises 2026 Outlook as AI Agents Drive 150% Surge in Engineering Productivity

Block lifted its full-year 2026 guidance after reporting strong Q2 results driven by AI adoption across software engineering. Agentic AI tools now touch nearly all production code changes, helping code changes per engineer jump 150% since early 2026. Cash App and Square gross profit rose 25% year-over-year to $3.17 billion.

Business2 sources

Block Raises 2026 Outlook as AI Agents Drive 150% Surge in Engineering Productivity

Business2 sources

Zeta Global's AI Infrastructure Pivot Powers 44% Revenue Growth Despite Earnings Miss

Zeta Global delivered its 20th consecutive beat-and-raise quarter with $443 million in Q2 2026 revenue, marking 44% year-over-year growth. The intelligent AI infrastructure provider is repositioning from marketing tech to AI platform through partnerships with OpenAI, Palantir and Snowflake, though a significant GAAP EPS miss sent shares down 7% after hours.

Business3 sources

Zeta Global's AI Infrastructure Pivot Powers 44% Revenue Growth Despite Earnings Miss

Business3 sources

SoundHound AI Q2 Earnings Beat Expectations as SOUN Stock Surges 26% on Revenue Growth

SoundHound AI reported Q2 revenue of $61.9 million, surpassing analyst estimates by $9.5 million with 45% year-over-year growth. The conversational AI company raised its fiscal 2026 revenue guidance and saw SOUN stock spike 26.44% in premarket trading, potentially fueled by a short squeeze affecting 42.35% of its public float.

Business3 sources

SoundHound AI Q2 Earnings Beat Expectations as SOUN Stock Surges 26% on Revenue Growth

Business3 sources

ECB Says AI Investment Helps Stabilize Euro Zone Economy Amid 0.4% Uncertainty Drag

The European Central Bank reports that business investment toward intangible assets like AI is mitigating economic uncertainty's impact on the euro zone. While uncertainty from wars and trade friction reduced growth by 0.4% between Q1 2025 and Q1 2026, oversized AI spending is providing a crucial buffer for the region's 1% projected growth in 2026.

Business2 sources

ECB Says AI Investment Helps Stabilize Euro Zone Economy Amid 0.4% Uncertainty Drag

Business2 sources

Major Hedge Funds Targeted in Coordinated AI Voice Scam Cyber Attacks on Wall Street

Several top hedge funds including Citadel, Point72, Two Sigma, and Millennium Management were targeted by sophisticated audio phishing scams using AI-powered voice cloning technology. The coordinated cyber attacks attempted to trick employees into revealing login credentials by impersonating trusted colleagues and IT staff.

Technology4 sources

Major Hedge Funds Targeted in Coordinated AI Voice Scam Cyber Attacks on Wall Street

Technology4 sources

Fiserv and Stuut Partner to Deploy AI Agents in Accounts Receivable for Enterprise Finance Teams

Fiserv announced a strategic partnership with Stuut Technologies to modernize B2B accounts receivable processes using AI agents. The collaboration integrates Fiserv Commerce Hub and SnapPay platform with Stuut's AI-enabled automation to streamline collections and cash application, disputes and deductions for eligible enterprises.

Business2 sources

Fiserv and Stuut Partner to Deploy AI Agents in Accounts Receivable for Enterprise Finance Teams

Business2 sources

Prev 1…678…34 Next