“What Community Banks Need to Do (Now) Community banks can’t assume that “we’re not in crypto” equals “we’re not exposed.” They can be exposed through their customers’ behavior, vendors’ integrations, and their own rail economics. Every bank—big or small—needs a stablecoin strategy (now). That’s not a choice. The choice is to what extent do you…
Tech companies are blaming massive layoffs on AI. What’s really going on?
“The timing and framing of the layoffs attributed to AI layoffs warrants closer examination. Corporate restructuring, over-hiring during the post-pandemic boom as demand for online services soared, and pressure from investors to demonstrate improved profit margins are all forces operating at the same time as genuine advances in AI. While these are not mutually exclusive…
The 19th century banking problem that AI hasn’t solved yet
“Most of the current discourse on AI governance focuses on single-agent behavior: safety, alignment, hallucinations, bias. These are important. But they miss what is about to become the defining challenge of enterprise AI. For the first time in history, machines must do something they have never been asked to do before: exercise judgment.” Read more >>
HSBC weighs deep job cuts as AI overhaul unfolds: report
“Global banking giant HSBC Holdings Plc is considering significant job reductions in the years ahead, as CEO Georges Elhedery bets on artificial intelligence to downsize middle and back offices, Bloomberg reported. The greatest impact is anticipated to be seen among non-client-facing positions in global service centers, but the evaluation is only in an early stage, according to…
Measuring progress toward AGI: A cognitive framework
“Deconstructing general intelligence. Our framework draws on decades of research from psychology, neuroscience and cognitive science to develop a cognitive taxonomy. It identifies 10 key cognitive abilities that we hypothesize will be important for general intelligence in AI systems…” Read more >>