“Open banking—the technology that enables people to securely share their data with third parties—is putting more people and businesses in control. It’s allowing them to consent to securely share their dynamic data to activate innovative experiences, including seamlessly receiving a loan, opening a new account online using identity verification or getting access to more flexible…
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As most AI execs scramble for more data, Mark Zuckerberg says there’s actually something more ‘valuable’
“Meta CEO Mark Zuckerberg has a hot take on Big Tech’s race for AI training data: It’s not about the data. ‘The thing that I think is going to be more valuable is the feedback loops rather than any kind of upfront corpus,’ Zuckerberg said in an interview with the Command Line, a tech industry newsletter. Feedback loops…
Jamie Dimon’s JPMorgan and other North American banks are so far ahead in the AI race that one indexing boss says it’s now a question of ‘Can others catch up?’
Big banks are in a race to get AI right
“Morgan Stanley’s AI assistant is built on the bank’s internal data, sorted to separate what can only be shared internally and what clients can see. Answers to prompts come with supporting citations. https://www.axios.com/2024/04/12/banks-ai-morgan-stanley
Jamie Dimon says AI may be as impactful on humanity as printing press, electricity and computers
“Jamie Dimon, the veteran CEO and chairman of JPMorgan Chase, said he was convinced that artificial intelligence will have a profound impact on society. In his annual letter to shareholders released Monday, Dimon chose AI as the first topic in his update of issues facing the biggest U.S. bank by assets — ahead of geopolitical risks, recent acquisitions…