FI News: The Herculean Challenge For UBS
UBS has been focused recently on Asia where they have initiated the migration of Credit Suisse customer data onto UBS systems.
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CIO Dive: Data, compute spending to double by next year: survey
Enterprises plan to more than double investments in AI-related data storage and processing power by the end of 2026.
New Atlas: Facial recognition data breach: Meta glasses extract info in real time
In what might be described as a real-life Black Mirror episode, a Harvard student uses facial recognition with Meta Ray-Ban 2 smart sunglasses – to dig up personal data on every face he sees in real time.
Finextra: Blackstone to build £10bn AI data centre in UK
Private equity giant Blackstone has confirmed a £10 billion investment in an AI data centre in the North East of England, creating around 4000 jobs.
CIO: Is your data ready for AI? CIOs lack answers
Many CIOs are skipping the crucial data management step before rushing forward with AI deployments.
Finextra: Hackers claim to have bank account details of 30m Santander customers
Yet another third party risk event.
Dark Reading: Santander Falls Victim to Data Breach Involving Third-Party Provider
Third parties are seemingly becoming one of the primary causes of many data breaches.
Finextra: US banks to struggle with climate risk data – Federal ReserveFinextra:
According to a climate scenario analysis by the Federal Reserve, American banks are set to experience challenges in predicting the impact of climate change on their loan books due to data and modelling difficulties.
CIO: AI is set to transform hiring requirements: Report
About 50% of technology leaders in a recent EY survey said they anticipate a combination of layoffs and hiring in the next six months as a direct result of AI adoption.