JPMorgan unveils IndexGPT investing tool
JPMorgan Chase is using OpenAI’s GPT-4 model for a range of thematic investment baskets, according to Bloomberg.
EV market share expected to hold at 9% in 2025
Competing forces in the EV market are expected to offset each other, leaving market share unchanged in 2025. EV market…
Top financial institutions form European Cloud User Coalition
A coalition of top European financial institutions has been formed to develop common security standards and best practices for the use of cloud technology in the EU.
Citi to spend $100 million on revamping London tower block
Citi is to undertake a $100 million refurbishment of its skyscraper in Canary Wharf, reflecting optimism about Britain’s role in a post-Brexit future and a switch to more flexible working practices in the wake of the pandemic.
PODCAST: Repossessions now highlighted in academia
What’s sometimes considered to be a dangerous task of repossessing vehicles now has been highlighted in what some might view as the high-brow world of academia. In this episode of the Auto Remarketing Podcast, International Recovery Systems resident Jeremy Cross … [Read More]
Ignition Dealer Services hires new COO to drive strategic growth
Ignition Dealer Services has a new chief operating officer. On Thursday, the provider of customized F&I programs and strategic reinsurance solutions for automotive dealerships appointed Steven Cegelka to the position. Management said the move reflects the company’s strategic focus on … [Read More]
Google sues crypto scammers using Play Store to lure victims
Google is suing two app developers who lured victims into downloading fraudulent investment apps on the Google Play Store.
UK venture funding reaches multi-year high
Startups and scaleups based in the UK secured more than $9bn in venture capital funding in Q3, making it the second-highest quarterly funding total on record.
Leases 64% of Ally Financial EV originations
Ally Financial originated $639 million in battery EV and hybrid leases during the second quarter spurred, in part, by the…
Italy’s Sella launches AI incubation programme
Italian banking group Sella has launched an international incubation programme dedicated to startups focused on AI in finance.
European Investment Bank lends Nexi €220m
The European Investment Bank (EIB) is lending Italian paytech giant Nexi Group €220 million to support digital payment innovation.
Banking’s safest job? AI roles jump 13% amid layoffs
The world’s biggest banks increased their artificial intelligence headcount by 13% over the last six months, with one in every 50 banking employee now working in an AI-specific role, according to a study.
Treasury management fintech Embat raises €14.7 million
Madrid-based treasury management startup Embat has raised €14.7 million in a Series A funding round led by Creandum, an early backer of fintech success stories Trade Republic, Klarna, iZettle and Pleo.
Point72 Ventures ditches fintech team – Forbes
Point72 Ventures has fired five of their investors, three from fintech and two from their digital assets team, according to two sources with knowledge of the situation.
LLMs display cognitive shortfalls – BIS
When posed with a logical puzzle that demands reasoning about the knowledge of others and about
counterfactuals, large language models (LLMs) display a “distinctive and revealing pattern of failure,” according to a bulletin from the Bank for International Settlements.