Bank of England: Artificial intelligence in UK financial services – 2024
Great study by the Bank of England of what is happening in AI in Financial Services.
Finextra: Nationwide migrates onsite IT estate to HPE GreenLake Cloud
Nationwide Building Society has migrated its on-premises IT estate to Hewlett Packard Enterprise (HPE) GreenLake Cloud.
efinancialcareers: Secretive quant fund paying $45k for two-week internships
Spark Investment Management, a New York hedge fund is offering $45k for internships lasting just two weeks, equivalent to a yearly salary of…$1.17m.
CIO Dive: AIG leans on generative AI to speed underwriting
AIG is using generative AI to speed underwriting and improve accuracy.
Finextra: Goldman Sachs takes quantum leap on options pricing
Goldman Sachs has conducted research on the application of quantum computing in the options pricing market.
CNBC: OpenAI launches ChatGPT search, competing with Google and Microsoft
OpenAI has launched a search feature within ChatGPT, that positions it to better compete with search engines like Google, Microsoft’s Bing and Perplexity.
Payments Dive: AI increases fraud risk, fintechs say
Financial firms monitor for fraud by looking for unusual activity, but an artificial intelligence model can be trained to transact like a real person.
CIO Dive: Citi taps Google Cloud for app migration, AI adoption
Citi announced a multiyear modernization partnership with Google Cloud Monday.
Finextra: Bank of England presses on with retail CBDC to plug bank innovation gap
The Governor of the Bank of England, Andrew Bailey has re-affirmed his support for a retail central bank digital currency, arguing that central banks are the “only game in town” as commercial banks lack the incentive to push for innovation.
TechCrunch: Meta’s AI chief says world models are key to ‘human-level AI’ — but it might be 10 years out
Meta’s AI chief says world models are key to ‘human-level AI’ — but it might be 10 years out.