Source: en.wikipedia.org
As buzz around generative artificial intelligence (AI) grows, critics have called for more guardrails. Observers are particularly worried about the potentially harmful effects of the landmark technology’s ability...
Artificial intelligence (AI) technology’s dramatic surge in the private marketplace has caught lawmakers’ attention. This, as leaders of the G7 nations — the U.S., U.K.,...
There may be more bank mergers on the way. Treasury Secretary Janet Yellen told bank executives Thursday (May 18) that the industry may need more mergers, CNN reported...
Federal Reserve officials reportedly seem more divided than ever on whether more interest rate hikes are needed. Officials’ comments signaling different opinions on the issue come...
A top House Republican says White House “mismanagement” helped trigger the recent banking crisis. Rep. Patrick McHenry (R-N.C.) chairs the House Financial Services Committee, which...
Generative artificial intelligence (AI) has captured both the public imagination and lawmakers’ attention. Sam Altman, co-founder and CEO of OpenAI, the bleeding-edge company behind the buzzy ChatGPT,...
Inflation is slowing, but April’s data showed the damage has been done to consumers’ wallets. The Bureau of Labor Statistics found that the Consumer Price...
Banks expect to continue tightening lending standards across all loan categories through the rest of 2023. That projection comes after a quarter in which banks...
The recent collapses of tech-friendly banks, including Silicon Valley Bank (SVB), Signature Bank, Silvergate Bank and First Republic Bank, have rightly caused a global conversation...