ITPro: £1.3 billion in funding for AI and tech projects scrapped by government
The UK government has scrapped £1.3 billion in funding aimed at supporting technology and AI-related projects across the country.
Finextra: BofE and BIS develop tech to monitor stablecoin reserves
The Bank of England and the BIS Innovation Hub have developed a system that gives supervisors near real time data about stablecoins’ liabilities and their reserve assets.
Finextra: ECB cyber security test reveals ‘room for improvement’
The European Central Bank says there is “room for improvement” after conducting its first thematic stress tests on cyber resilience to determine how well individual banks would respond to and recover from a cyber attack.
Finextra: AI spending races ahead among European banks
European banking leaders are poised to increase spending on AI faster than on cybersecurity.
Coin Telegraph: JPMorgan Chase launches AI tool for research analyst tasks
JPMorganChase is reportedly rolling out an in-house version of a ChatGPT-like generative artificial intelligence product capable of doing the work of a research analyst.
efinancialcareers: Prompt engineering jobs in finance: an overhyped niche?
Prompt Engineering was forecast to be the new “big thing” in Generative AI – but interest is dwindling.
The Verge: OpenAI announces SearchGPT, its AI-powered search engine
OpenAI is announcing its much-anticipated entry into the search market, SearchGPT, an AI-powered search engine with real-time access to information across the internet.
City AM: Natwest shares rise after strong results and deal for part of Metro Bank’s mortgage book
Metro Bank (UK) continues to consolidate by selling part of their mortgage book.
ZDNet: Apple accelerates AI efforts: Here’s what its new models can do
Despite Apple’s initial delay in entering the AI space the company has gone all in on AI.
efinancialcareers: With C++ blamed for CrowdStrike calamity, an ex-DE Shaw researcher has an answer
What went wrong at CrowdStrike?