efinancialcareers: London electronic trading firm pays $3m per partner, $450k to everyone else
I get asked by a lot of people about compensation in the “hedge fund” world. Here is one example – GSA Capital.
Finextra: AI threatens as many as 200,000 jobs in global banks – Bloomberg
Global banks will cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches on tasks currently carried out by human workers, according to a market survey conducted by Bloomberg Intelligence.
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.
Finextra: 13 Predictions for Retail Banking in 2025 and Beyond
This gives a good overview of retail banking trends in 2025.
ARS Technica: Sam Altman says “we are now confident we know how to build AGI”
Sam Altman says “we are now confident we know how to build AGI”
Live Science: Quantum computers that are actually useful 1 step closer thanks to new silicon processor that could pack millions of qubits
Quantum computing company Equal1 has created a quantum processing unit (QPU) that can be built using conventional semiconductor manufacturing processes.
ESG Dive: Bank of America, Citigroup, Morgan Stanley latest to exit Net-Zero Banking Alliance
Bank of America, Citi, and Morgan Stanley are the latest to exit the Net-Zero Banking Alliance.
The Banker: OCC urges tighter third-party oversight on op risk
US banks still need to make significant strides to mitigate operational risk and cyber threats, according to the Office of the Comptroller of the Currency.
IT Pro: Google jumps on the agentic AI bandwagon
Google has unveiled the launch of Gemini 2.0, marking its first major foray into agentic AI with its Mariner and Jules agent models.