AI Boom Complicates Fed’s Demand Versus Supply Call, Clarida Says
Former Fed Vice Chair Richard Clarida states the Fed is assessing whether AI growth acts as a demand shock or supply-side productivity boost.
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Former Fed Vice Chair Richard Clarida states the Fed is assessing whether AI growth acts as a demand shock or supply-side productivity boost.
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Hummingbird acquired machine learning platform Quantimon to integrate AML risk detection and federated learning into its compliance workflow platform.
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LuLu Financial Holdings and Purpleplum launched a UAE SME banking platform featuring agentic AI onboarding and digital accounts.
SK Hynix reported higher third-quarter operating profits driven by strong demand for high-bandwidth memory chips used in AI hardware.
McKinsey survey of 21,000 consumers shows rising adoption of AI shopping agents, outpacing merchant readiness to serve them.
Amazon VP Terk Terkowitz advised engineers to measure AI engineering success by long-term outcomes rather than token usage metrics.
Bank of America warned customers against sharing banking passwords with AI agents, noting users remain liable for resulting activity.
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Four major financial institutions have agreed to a $63 billion financing arrangement to fund AI computing infrastructure for Anthropic.
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Anthropic engineering leads discuss agentic AI development architectures and platform infrastructure in a podcast interview.
Anthropic expanded Claude for Financial Advisors, integrating FINNY, Jump, and Conquest for prospecting and planning capabilities.
AWS introduced Seekable OCI (SOCI) indexing for SageMaker AI jobs to lazy-load container images and reduce startup times to seconds.
PNC CEO Bill Demchak stated the bank plans to spend hundreds of millions on AI to save billions, prioritizing AI over M&A.
At Sibos, Red Hat and Accenture discussed how open source transparency and collaboration can drive secure AI adoption in banking.
Abu Dhabi Islamic Bank reported 9M 2026 pre-tax profit of AED 6.4B, secured an Open Finance licence, and appointed a Chief AI Officer.
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OpenAI and Oracle expanded their partnership to integrate Oracle enterprise applications and AI agents directly into ChatGPT.
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