AI bubble could burst and take global economy with it, IMF warns
Financial watchdog fears AI spending bust could rattle markets, with mounting debt and cyberattacks adding to the headache
The Register6 min read
Banking
8 stories
Citi shortens its analyst program to two years as Wall Street fights private equity for young talent
“The reality that private equity is interviewing so early in a banker’s career is very unfortunate, and to some extent, disappointing,” one Citi executive said.
Fortune AI5 min read
‘It’s been a very strange year on LIV’: LIV Golf to get $300 million investment to help the circuit emerge from bankruptcy
The financing by funds advised on the BC Partners Credit platform requires bankruptcy court approval.
Fortune AI3 min read
ECB’s Lagarde Says Europe Must Develop Its Own AI Capabilities
Europe risks leaving itself vulnerable if it relies on artificial intelligence models developed elsewhere, according to European Central Bank President Christine Lagarde.
Bloomberg Technology1 min read
John Waldron is ‘one of the most non-Wall Street people’ you’ve met—but he’s in line to be the next CEO of Goldman Sachs
A top Wall Street analyst says John Waldron gives off the affect of an English Lit professor from the Midwest. His track record at Goldman tells a different story.
Fortune AI5 min read
Axis Bank to Double Data Center Loans, Riding on India’s AI Push
India’s Axis Bank Ltd. plans to double its exposure to data centers over the next three years, a top executive said, as the nation’s artificial intelligence push spurs investment in digital infrastructure.
Bloomberg Technology1 min read
Kotak Mahindra Bank Says Regulator Approves Anup Saha as CEO
India’s regulator approved the appointment of Anup Saha as the new chief executive officer of Kotak Mahindra Bank, elevating a veteran with widespread experience of consumer banking as the lender seeks to accelerate expansion in the country’s competitive financial sector.
Bloomberg Technology1 min read
Jeeves raises $110M to scale stablecoin-native banking platform for global payments
Jeeves Inc., a stablecoin-focused banking platform for global enterprises, announced Tuesday it has raised $110 million in equity funding to launch a cryptocurrency wallet with payouts across 190 countries. The crypto-focused venture capital and investment firm CoinFund led the round.
SiliconANGLE3 min read
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