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Key Facts

Key PlayersBloomberg, JPMorgan, Citadel

AI AdoptionAdvanced

Use CasesFraud Detection, Algorithmic Trading, Risk Assessment

Top News

Investors use AI in finance for research but trust human financial advisors for final decisions

An HSBC survey of nearly 10,000 wealthy investors across 10 markets reveals a clear division of labor in wealth management. While 73% use AI tools for research and risk assessment, 62% still turn to human financial advisors as their main source of investment ideas. Only 12% cite AI as the most influential factor in final investment decisions, highlighting a hybrid model where technology assists but human judgment prevails.

Business3 sources

Investors use AI in finance for research but trust human financial advisors for final decisions

Business3 sources

Zhipu eyes multi-billion-dollar share sale as Chinese AI firm rides 2,000% stock surge

Beijing's Zhipu is weighing a share sale to raise several billion dollars in Hong Kong after its stock soared 2,000% since January. The Chinese AI lab launched its open-source GLM-5.2 model days after Anthropic pulled Fable 5 from global markets due to US export controls. But analysts warn the deeply unprofitable company faces years of losses despite its market value crossing $128 billion.

Business2 sources

Zhipu eyes multi-billion-dollar share sale as Chinese AI firm rides 2,000% stock surge

Business2 sources

Masayoshi Son calls AI bubble talk 'blasphemy' as SoftBank targets $6.2 trillion valuation

At SoftBank's annual shareholder meeting, founder Masayoshi Son rejected concerns about an AI investment bubble, declaring it an insult to the technology. The 68-year-old CEO outlined plans to lead the company into his 70s, targeting a $6.2 trillion net asset value built on artificial superintelligence and physical AI. With a $64.6 billion bet on OpenAI, Son is reshaping SoftBank as an AI-era industrial holding company.

Business4 sources

Masayoshi Son calls AI bubble talk 'blasphemy' as SoftBank targets $6.2 trillion valuation

Business4 sources

Kunal Shah takes WhatsApp helm as Meta doubles down on AI agents and fintech expansion

Meta has appointed Kunal Shah, founder of Cred, as the new global head of WhatsApp, replacing Will Cathcart. The move signals Meta's aggressive push into financial services and AI, with India's 500+ million WhatsApp users positioned as a testing ground for AI agents and conversational commerce.

Business3 sources

Kunal Shah takes WhatsApp helm as Meta doubles down on AI agents and fintech expansion

Business3 sources

EA exec Laura Miele says AI drives creativity boost by removing tedious development tasks

Electronic Arts' president of enterprise development Laura Miele claims AI has sparked a real rise in creativity at EA studios by eliminating tedious tasks and enabling faster prototyping. Speaking at Summer Game Fest, she highlighted how AI tools streamline game development workflows, though employees reportedly fear the technology justifies layoffs amid EA's $55 billion Saudi acquisition.

Technology3 sources

EA exec Laura Miele says AI drives creativity boost by removing tedious development tasks

Technology3 sources

Backbase Acquires Kasisto to Advance Agentic Banking with AI-Native Solution

Dutch fintech Backbase has acquired Kasisto, an agentic AI platform serving 47 banking clients including JPMorgan Chase, TD Bank, and Westpac. The deal aims to create the first AI-native solution built specifically for agentic banking in regulated financial services, moving banks from isolated AI deployments to unified, governed intelligent execution.

Business2 sources

Backbase Acquires Kasisto to Advance Agentic Banking with AI-Native Solution

Business2 sources

Backblaze stock surges 32% on $335M CoreWeave deal for AI data storage infrastructure

Backblaze shares jumped 32% following a five-year, $335 million multi-exabyte data storage agreement with CoreWeave. The deal positions Backblaze to provide HDD-based storage tiers supporting AI Object Storage, helping optimize data placement for AI workloads across training, inference, and retrieval-augmented generation.

Business3 sources

Backblaze stock surges 32% on $335M CoreWeave deal for AI data storage infrastructure

Business3 sources

Zeta Global stock surges 9.9% as Palantir partnership unveils AI marketing infrastructure

Zeta Global shares climbed 9.9% in premarket trading after announcing a strategic Palantir partnership to build enterprise AI infrastructure for marketing. The collaboration will rearchitect Zeta's Data Cloud on Palantir's Foundry platform, with the AI-powered intelligence layer Athena converting enterprise data into real-time marketing decisions at scale.

Technology2 sources

Zeta Global stock surges 9.9% as Palantir partnership unveils AI marketing infrastructure

Technology2 sources

SoFi acquires Composer to bring AI investing tools to retail investors with natural language

SoFi Technologies acquired Composer Securities to launch Composer by SoFi, an AI-powered investment platform announced Tuesday. The platform enables retail investors to create, test, and automate investment strategies using everyday language, accessing over 2,000 community-built strategies. CEO Anthony Noto says the acquisition strengthens SoFi's ability to deliver sophisticated investing tools as AI becomes foundational to investing.

Technology2 sources

SoFi acquires Composer to bring AI investing tools to retail investors with natural language

Technology2 sources

Info Edge's AI investments now worth Rs 1,827 crore as Bikhchandani bets big on deeptech

Sanjeev Bikhchandani's Info Edge has invested Rs 1,003 crore in 54 AI and deeptech startups since 2020, now valued at Rs 1,827 crore. The company's AI portfolio shows a 2.1x return multiple with 31% IRR, while its broader startup investments across 135 companies have grown from Rs 4,900 crore to Rs 41,300 crore, delivering an 8.4x multiple.

Business2 sources

Info Edge's AI investments now worth Rs 1,827 crore as Bikhchandani bets big on deeptech

Business2 sources

Tech selloff deepens as AI cost fears and hawkish Fed expectations trigger 2% Nasdaq plunge

Wall Street futures tumbled Tuesday with Nasdaq futures falling over 2% as investors grapple with dual pressures: mounting concerns about debt-funded AI spending and expectations of a more hawkish Federal Reserve. Semiconductor stocks led the decline, with major chipmakers dropping between 3.8% and 9%. The selloff threatens to erase over $1 trillion in Nasdaq 100 market value if losses hold.

Business3 sources

Tech selloff deepens as AI cost fears and hawkish Fed expectations trigger 2% Nasdaq plunge

Business3 sources

TallyPrime 7.1 Launches TallyIra, Its First AI-Powered Capability for Business Automation

Tally Solutions unveiled TallyPrime 7.1, featuring TallyIra as its first AI-powered capability. The release includes Docs by Ira, which automates document processing and reduces manual effort by up to 80%, alongside enhanced invoice personalisation and ICICI Bank integration for seamless banking operations.

Technology2 sources

TallyPrime 7.1 Launches TallyIra, Its First AI-Powered Capability for Business Automation

Technology2 sources

Tech Sell-Off Shakes Markets as Investors Question AI Spending and Profitability

Major tech stocks tumbled for consecutive days as investor concerns over AI spending sustainability triggered a market sell-off. The Nasdaq dropped 2.2%, with chipmakers like Micron plunging 12% and Nvidia falling 4.2%. Questions about whether massive AI investments will generate profits are reshaping market sentiment after months of record highs.

Business10 sources

Tech Sell-Off Shakes Markets as Investors Question AI Spending and Profitability

Business10 sources

SpaceX raises $25 billion in bond debut as AI expansion draws massive investor interest

Elon Musk's SpaceX has launched a $25 billion bond offering that attracted nearly $85 billion in orders, marking the company's first investment-grade debt issuance. The proceeds will refinance a bridge loan and support SpaceX's capital-intensive AI ambitions, requiring tens of billions for data centers, computing hardware, and power infrastructure as the newly public company expands beyond rockets.

Business3 sources

SpaceX raises $25 billion in bond debut as AI expansion draws massive investor interest

Business3 sources

UPI and Aadhaar Banking Drive 61% of MSME Transactions as AI Adoption Surges to 71%

A new report reveals that UPI and Aadhaar banking now power 61% of transactions at semi-urban and rural MSME retail stores in India. Digital confidence is rising sharply, with 87% of retailers feeling more comfortable with digital tools than last year. AI adoption is also gaining ground, as 71% of MSME retailers now use AI tools to automate and improve daily business operations.

Business3 sources

UPI and Aadhaar Banking Drive 61% of MSME Transactions as AI Adoption Surges to 71%

Business3 sources

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