BBC: Microsoft says new quantum chip 1,000 times more reliable than predecessor
Microsoft says their new quantum chip is 1,000 times more reliable than it’s predecessor.
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Artificial Intelligence
Finextra: OpenAI gives UK banks access to cybersecurity model
OpenAI has offered the UK’s biggest banks access to its new cybersecurity AI model.
Finextra: TD builds AI model to speed up mortgage applications
The first agentic model to launch out of TD’s AI R&D centre Layer 6, is a mortgage tool that automates the pre-adjudication process by generating application summary memos for underwriters.
Finextra: OpenAI begins roll out of personal finance suite
OpenAI has released a preview of a new integration with account aggregator Plaid that enables ChatGPT users to connect all of their accounts and ask questions ranging from spending analysis to future financial planning.
Finextra: AI set to automate up to 50% of tasks in most financial services roles
AI could automate up to half of tasks in most financial services roles, according to a new report by the Financial Services Skills Commission (FSSC).
Finextra: Deutsche Bank applies AI to third party vendor risks
Deutsche Bank is using artifical intelligence to speed up the tedious, time-consuming, process of reviewing third party vendor risks.
Finextra: Standard Chartered to cut 7800 jobs as AI takes over the back office
Standard Chartered is to cut 7,800 jobs as it ramps up deployment of artificial intelligence.
Finextra: BBVA and Goldman Sachs back new OpenAI company
OpenAI has secured the backing of 19 investment firms to launch the OpenAI Deployment Company.
Finextra: US banks hurry to patch vulnerabilities uncovered by Mythos
US banks have been scrambling to fix IT issues uncovered by Anthropic’s Mythos AI tool.
Finextra: MAS to train AI on live bank account data to combat financial crime
Monetary Authority of Singapore (MAS) is to train AI on live bank account data to combat financial crime.