data
An executive order that’s “in progress” could cost banks billions of dollars — and millions of hours. Loading audio narration… This week, Treasury Secretary Scott Bessent teased a coming executive order requiring banks to obtain citizenship data for new and existing account holders. When asked about potential pushback, he said…
Citi is eyeing the AI dealmaking frenzy as its moment to close the gap with Wall Street rivals. Loading audio narration… In late February, the bank established an AI Infrastructure group, noting in an internal memo that the build-out could require an estimated $3 trillion in capital by 2030 —…
As the Army transforms into a more data-centric force, it’s testing out how to support soldiers navigating data problems, drowning in battlefield information, and adapting to new systems. Loading audio narration… The US Army Data Operations Center, a 180-day pilot program, is the service’s solution to data management, providing a…
Contractors filed five lawsuits against Mercor, the AI training firm valued at $10 billion, in the past week, accusing the company of violating data privacy and consumer protection laws. Loading audio narration… The suits, filed in federal courts in California and Texas, allege Mercor’s negligence could have resulted in the…
For years, sophisticated asset managers gained an edge thanks to unique intel that didn’t come from traditional market sources like stock exchanges. Now, the advantage is inside their own firms. Loading audio narration… Hedge funds and others were better able to predict quarterly earnings and commodity prices thanks to so-called…
Two top progressive lawmakers have a plan to bring the AI buildout to a halt. Loading audio narration… Sen. Bernie Sanders of Vermont and Democratic Rep. Alexandria Ocasio-Cortez of New York are introducing the “Artificial Intelligence Data Center Moratorium Act” on Wednesday.The bill would impose a nationwide halt on the…
