Enjoy complimentary access to top ideas and insights — selected by our editors. Navy Federal Credit Union’s new credit-building partnership, a rash of cybersecurity breaches, the ever-growing presence of artificial intelligence in banking and other topics are dominant for bankers as summer approaches. Data breaches have become an especially problematic trend for banks in recent
Adria Cimino | The Motley Fool Foxconn plans huge Taiwan AI data center with Nvidia Taiwan’s Foxconn, the world’s largest contract electronics maker, said on May 20 that an artificial intelligence center it announced with Nvidia will be built in phases and is targeted to have 100 megawatts of power. All eyes are on Nvidia
Despite transatlantic tensions, several U.S. groups are expected to announce major investment projects, including logistics group Prologis, which will invest around €6.4 billion in new logistics facilities and data centers, and Amazon (€300 million). British digital bank Revolut will also invest €1 billion and ask French authorities for a banking license, while Spanish telecom infrastructure
Trump signs order establishing strategic Bitcoin reserve President Trump signed an order Thursday to create a federal Strategic Bitcoin Reserve, signaling new federal support for cryptocurrency in general and Bitcoin in particular. Scripps News Could Wisconsin become a cryptocurrency hub? A proposed bill authored by state Sen. Dora Drake, a Democrat from Milwaukee, announced last
Let’s go back to the beginning of the year here for a moment. (I hear you and your 401(k) eagerly nodding yes.) Back then, all the big tech companies, including Meta, Amazon, Alphabet and Microsoft, were still planning on spending unfathomable gobs of money on artificial intelligence, and specifically unfathomable gobs of money on AI
This year’s honorees aren’t inheriting the financial system. They’re building the infrastructure for what comes next. By Leo Schoenberger, Hannah Hall and Moya Johnson Let’s face it—compliance is boring. But to Lisa Gradow, it’s an exciting target begging for some AI magic. Sure, billion-dollar AI companies like ChatGPT can handle the paperwork, but the software
Google hopes users harness power of AI to protect against cybercriminals Google is reportedly testing a new AI feature to generate passwords for compromised accounts through artificial intelligence. Straight Arrow News A major shift is beginning in Dickens County, with a highly touted cryptocurrency mining operation taking steps to become a more expansive data center.
Private-equity investments in China could be on a stronger recovery path, bolstered by increased capital from the Middle East and adaptive strategies from US funds, according to Bain & Company. “A positive momentum for China could lead to a more positive outlook already in 2025 and 2026,” Sebastien Lamy, co-leader of the Asia-Pacific private-equity practice
Benzinga | Detroit Free Press Wall Street remained on edge as investors adopted a cautious stance amid an increasingly uncertain economic outlook this past week. At its March meeting, the Federal Reserve kept interest rates unchanged at 4.25%-4.50%, signaling “no rush” to adjust its monetary policy. Yet, the central bank’s latest economic projections painted a
The acting leadership of the Social Security Administration, Leland Dudek, wants the agency to ramp up identity proofing and leverage more artificial intelligence, he told staff in an email Tuesday outlining a three-month plan for the agency. Dudek has been leading the agency since mid-February, when he was installed after the previous acting leadership left