prasit2512 – stock.adobe.com Generative artificial intelligence holds a wealth of potential — and risk — for the mortgage industry, but despite the challenges, the developing technology is finding its place within company workflows. Some of the greatest potential for adoption lies in marketing uses. “Imagine if you Googled a topic, and then clicked through several
(Bloomberg Opinion) — Central bankers aren’t born as chronic worriers, but they quickly acquire the trait. They are now spending considerable time fretting about artificial intelligence: Its ability to play havoc with prices, jobs, and the security of banking. As gut-wrenching as the meltdown of 2008 was, imagine if a rogue machine turbocharged a market
A growing number of tech firms are reportedly cautioning investors about risks related to their efforts in artificial intelligence (AI). At least a dozen major tech companies have “quietly” issued AI-related warnings this year by adding or updating them in the “risk factors” section of reports filed with the Securities and Exchange Commission (SEC), Bloomberg
Sarah Wheeler: Let’s talk about technology’s role in making these things easier for even smaller lenders. To that point, let’s talk about the new CFPB rule around AVMs. Rohit Chopra: I think appraisals are such a big issue. We want to make sure, and we saw this, you know, 15, 20 years ago — the
(Bloomberg) — The artificial intelligence frenzy is nowhere near finished driving global equities to record highs, according to money managers interviewed by Bloomberg News. Most Read from Bloomberg Investors and market strategists at major firms including BlackRock Inc. and BNP Paribas Asset Management said they expect all things AI to feature among the prominent themes
Investment bank Morgan Stanley on Monday raised its price target on Nvidia (NVDA) stock after sales channel checks showed “robust” demand for the company’s current data-center processors. ↑ X NOW PLAYING How To Make More Money By Handling Faster Market Rotations Analyst Joseph Moore increased his earnings estimates for Nvidia after his firm’s channel checks
Artificial intelligence (AI) may cut costs, but financial services companies have reportedly been slow to embrace it. That’s according to a report Sunday (June 30) by the Financial Times (FT), which said that regulatory concerns and worries about job losses have kept banks from adopting AI products. “The big banks will definitely not adopt [the
The financial sector is among the “most exposed” to both the benefits and the risks of artificial intelligence (AI), the Bank for International Settlements (BIS) said Tuesday (June 24). The benefits of AI for the sector include improvements for lending and payments, while the risks include more sophisticated cyberattacks, the BIS said in a Monday press release.
Stability AI said Tuesday (June 25) that it secured “significant” new funding from an investment group and appointed a new CEO and a new executive chairman. The new capital and leadership will accelerate the company’s growth and ability to deliver generative artificial intelligence (AI) products, Stability AI said in a Tuesday press release. The firm’s
The Dow Jones edged lower early Tuesday, while the S&P 500 and Nasdaq rose modestly. On the mend was Nvidia (NVDA), which rebounded along with other artificial intelligence plays such as Micron Technology (MU) and Taiwan Semiconductor (TSM) on the stock market today. ↑ X NOW PLAYING Injured Players Don’t Stop These Stocks; Sprouts, Hartford And