What Wells Fargo, Citi and Goldman Sachs’ CEOs are saying about AI
CEOs from Citi, Goldman Sachs, and Wells Fargo detailed AI strategies, focusing on product speed, cost savings, and human control.
Banking Dive·15 Oct 2026
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CEOs from Citi, Goldman Sachs, and Wells Fargo detailed AI strategies, focusing on product speed, cost savings, and human control.
Modal achieves a $16B valuation and $1B ARR in a Series D funding round, highlighting rapid scaling in cloud infrastructure tooling.
Modal achieves a $16B valuation in a Series D round, reflecting rapid scaling in AI infrastructure and serverless compute.
At Sibos 2026, RedCompass Labs outlines how banks can leverage ecosystem partnerships and AI to manage payment modernisation complexity.
Taiwanese chipmaker TSMC reports third-quarter earnings of $23.6bn, beating estimates amid ongoing high demand for AI hardware.
The Stack examines the growing use of AI-generated security patches and the associated verification challenges.
Payroc CTO Paul Vienneau argues agentic AI lowers payments software development barriers while shifting risk to operational accountability.
Stripe launched an automated data pipeline tool to stream real-time payment, invoice, and subscription data directly into PostgreSQL databases.
FintechOS Elevate 2026 examined AI's progress in banking, focusing on lending use cases and the industry-wide challenge of proving ROI.
Recent research syntheses indicate prompt injection attacks succeed roughly 50% of the time against frontier AI models.
Ant International completed pilot treasury transactions in UAE corridors using HSBC's Tokenised Deposit Service.
The UK Financial Conduct Authority plans to set out its strategy for using frontier AI models to automate regulatory oversight.
The Financial Times reports that venture capital firms face increasing pressure as AI mega-rounds concentrate capital into fewer deals.
UK digital identity provider Yoti is expanding rapidly amid growing demand, though it faces regulatory hurdles in Spain.
The FSB published a summary of public consultation responses regarding sound practices for responsible AI adoption in finance.
The Financial Stability Board finalised sound practices for financial institutions adopting and innovating with artificial intelligence.
The Financial Stability Board published a final report outlining 12 sound practices for responsible AI adoption in financial services.
Startup Ricursive Intelligence is developing AI systems designed to automate and accelerate semiconductor chip design iterations.
Anthropic reported quarterly revenue grew nearly 50% to $16.8bn as it prepares for an IPO, amid market volatility around AI valuations.
JPMorgan Chase CEO Jamie Dimon stated the bank will block external AI agents from directly accessing retail customer accounts.
NatWest is using Nvidia speech recognition technology to improve regional accent accuracy in its new audio-visual spending tool.
Apple ML Research introduces Selection-based Structured Reasoning to reduce inference costs in small multimodal agents.
BIS FSI research examines macroeconomic risks and inflation impacts from geopolitical supply chain chokepoint disruptions.
Sullivan & Cromwell collaborated with OpenAI to launch Agreement Analyzer, an AI tool for draft legal agreement reviews.
Apple ML Research demonstrates local and distributed large LLM inference using the MLX framework and RDMA on Mac Studio hardware.
Apple ML Research published a study comparing Retrieve-then-Plan with Plan-then-Retrieve tool discovery architectures for AI agents.
McKinsey analysis argues that enterprise strategy must balance AI-driven data processing speeds with human decision-making governance.
Databricks introduced Predictive AI Functions to help enterprise data teams build and deploy forecasting models using SQL.
FactSet reduced training and deployment times for its Text-to-Formula system from days to hours using Databricks AI Runtime.
McKinsey is using an AI client simulation for entry-level candidate interviews to evaluate day-to-day consulting skills.