FinTech

Twitter

Facebook

Copy Link

Key Facts

Key PlayersBloomberg, JPMorgan, Citadel

AI AdoptionAdvanced

Use CasesFraud Detection, Algorithmic Trading, Risk Assessment

Top News

Google Finance launches first Android app with AI-powered features after 20 years

After two decades as a web-only service, Google Finance has released its first standalone mobile app for Android, packed with AI-powered features including real-time market analysis, portfolio tracking, and automated briefings. The platform exits beta with tools that position it against Yahoo Finance and Bloomberg, though questions remain about whether users will trust a service that abandoned key features for nearly a decade.

Technology9 sources

Google Finance launches first Android app with AI-powered features after 20 years

Technology9 sources

Central banks warn AI bubble could trigger global recession as Big Tech spending hits $1 trillion

The Bank for International Settlements has raised alarms about the AI bubble, comparing current AI exuberance to the dotcom boom and historical investment manias. With hyperscalers set to spend over $1 trillion on AI in 2026, central bankers warn that disappointing returns could trigger an AI investment bust with severe macroeconomic risks of AI affecting financial stability worldwide.

Policy18 sources

Central banks warn AI bubble could trigger global recession as Big Tech spending hits $1 trillion

Policy18 sources

Alan raises €480M led by Prosus at €5.5 billion valuation for AI-driven prevention insurance

French insurtech Alan has secured €480M in Series G funding led by Prosus at a €5.5 billion valuation, just three months after its previous round. The Paris-based company is reshaping health insurance with AI-driven prevention, bundling health cover, care navigation, and wellbeing services into a single platform that acts before illness strikes.

Startups2 sources

Alan raises €480M led by Prosus at €5.5 billion valuation for AI-driven prevention insurance

Startups2 sources

Japan unveils $2.3 trillion investment plan targeting AI and semiconductors over 14 years

Prime Minister Sanae Takaichi announced a massive ¥370 trillion investment strategy spanning 17 critical sectors through 2041, with ¥101.6 trillion dedicated to artificial intelligence and chip manufacturing. The plan aims to strengthen economic security and address labor shortages, but economists warn about potential fiscal risks and market distortions.

Business2 sources

Japan unveils $2.3 trillion investment plan targeting AI and semiconductors over 14 years

Business2 sources

UBS raises AMD and Arm price targets as CPU demand for agentic AI systems takes off

UBS has significantly raised its price targets for AMD and Arm Holdings, citing accelerating demand for CPUs in agentic AI infrastructure. AMD's target jumped to $670 from $470, while Arm's climbed to $455-$470, reflecting the chipmakers' strategic positioning as AI providers shift toward standalone CPU deployments alongside traditional GPUs.

Business3 sources

UBS raises AMD and Arm price targets as CPU demand for agentic AI systems takes off

Business3 sources

Blackstone bets $30B on Japan AI data centres despite bubble warnings

Blackstone plans to invest $30 billion in Japan's AI data centres over the next three to five years, targeting facilities exceeding 1 gigawatt capacity. President Jonathan Gray dismissed concerns about AI infrastructure bubbles, arguing the risk of building too little computing capacity outweighs building too much as the firm positions itself in one of Asia's most contested AI infrastructure markets.

Business2 sources

Blackstone bets $30B on Japan AI data centres despite bubble warnings

Business2 sources

Companies scramble to control AI spending as tokenmaxxing era crashes over unpredictable costs

After encouraging unlimited AI use, major companies are now racing to implement AI cost control measures as bills spiral out of control. Consulting giant Accenture is restricting employees from using AI for basic tasks like PDF conversion, while Uber capped its AI budget after spending its entire 2026 allocation in just four months. The shift from flat-fee to usage-based pricing models has exposed the unpredictability of AI costs.

Business9 sources

Companies scramble to control AI spending as tokenmaxxing era crashes over unpredictable costs

Business9 sources

Micron revenue quadruples to $41.5B as AI boom drives memory chips into severe shortage

Micron Technology reported fiscal third-quarter revenue of $41.46 billion, quadrupling from $9.3 billion a year earlier, as the AI boom fuels unprecedented demand for memory chips. The largest U.S. memory chipmaker beat Wall Street estimates by over $5 billion and forecast fourth-quarter revenue of $50 billion, signaling that supply constraints will persist well beyond 2027.

Business26 sources

Micron revenue quadruples to $41.5B as AI boom drives memory chips into severe shortage

Business26 sources

Taktile raises $110M from Goldman Sachs to automate high-stakes financial decisions with AI

Berlin-and-New-York startup Taktile has raised $110 million in a Series C round led by Goldman Sachs Alternatives to automate critical banking and insurance decisions. The company's AI-driven Agentic Decision Platform enables financial institutions to hand over underwriting, claims processing, and fraud detection to AI agents while maintaining human oversight and control.

Startups4 sources

Taktile raises $110M from Goldman Sachs to automate high-stakes financial decisions with AI

Startups4 sources

BlackBerry's AI shift earns buy rating from Stifel as stock surges 133% in 2026

BlackBerry has transformed from a mobile phone maker into a mission-critical software provider for AI-linked applications, according to Stifel. The investment firm initiated coverage with a buy rating and $12 price target, representing 36% upside. Shares have already surged 133% year-to-date as the company's QNX Software Platform becomes essential infrastructure for automotive, robotics, and medical devices.

Business2 sources

BlackBerry's AI shift earns buy rating from Stifel as stock surges 133% in 2026

Business2 sources

Santander eyes 3,000 early retirements in Spain as AI reshapes European banking workforce

Spanish banking giant Santander has initiated talks with unions over voluntary early retirement for up to 3,000 employees in Spain, representing 10-15% of its domestic workforce. The move reflects broader AI-driven restructuring across European banks, with Santander projecting over €1 billion in cost savings and revenue from AI initiatives by 2028.

Business2 sources

Santander eyes 3,000 early retirements in Spain as AI reshapes European banking workforce

Business2 sources

Morgan Stanley doubles China humanoid robot forecast to 50,000 as commercialization accelerates

Morgan Stanley has sharply raised its outlook for China's humanoid robotics market for the second time this year, now expecting 50,000 units to ship in 2026. The Wall Street bank says the industry's shift from demonstration to commercial deployment has proved faster than expected, driven by policy support and supply-chain advancements.

Business3 sources

Morgan Stanley doubles China humanoid robot forecast to 50,000 as commercialization accelerates

Business3 sources

RBI mandates kill switch for AI models as banks face sweeping new AI risk management rules

The Reserve Bank of India has released draft guidelines requiring banks and financial institutions to install kill switches for all AI systems, ensuring immediate shutdown capabilities. The comprehensive framework introduces board-level accountability, mandatory human oversight, and strict controls on third-party AI vendors, with public consultation open until July 24, 2026.

Policy3 sources

RBI mandates kill switch for AI models as banks face sweeping new AI risk management rules

Policy3 sources

Hyperscale Data stock surges 20% after securing $1.2 billion AI data center deal

Hyperscale Data stock jumped 20% in premarket trading after announcing its first Master Services Agreement with a California-based neocloud provider. The deal covers 20 megawatts of AI compute capacity at its Michigan data center, expected to generate over $1.2 billion in revenue, with potential expansion that could push total contract value beyond $3.0 billion.

Business2 sources

Hyperscale Data stock surges 20% after securing $1.2 billion AI data center deal

Business2 sources

AI Boom Creates Stark Economic Divide in Taiwan and South Korea's Chip Powerhouses

Taiwan and South Korea are experiencing explosive growth as global AI-driven demand for semiconductors pushes exports to record highs. Yet behind the headline numbers, workers outside the chip sector face stagnant wages, soaring housing costs, and mounting household debt. The AI riches are concentrating wealth in a narrow industry, creating a K-shaped economy where the semiconductor elite thrive while most struggle.

Business2 sources

AI Boom Creates Stark Economic Divide in Taiwan and South Korea's Chip Powerhouses

Business2 sources

Prev 1…789…19 Next