Big Tech news and trends

Big Tech Makes Money by Spending on AI Infrastructure
Artificial Intelligence // November 01, 2024

Tech giants’ investments in cloud infrastructure are reportedly paying off due to the demand for artificial intelligence. The momentum of cloud businesses began to slow in early 2022 as companies completed their migration to the cloud, but it has now picked up because companies need...

Antitrust Fears for Big Tech as States Ramp Up Regulations
Artificial Intelligence // October 30, 2024

Major tech companies have spent over $30 billion acquiring artificial intelligence startups while facing mounting antitrust concerns, as states rush to fill the federal regulatory void with nearly 700 AI-related bills introduced in 2024 — an almost 400% increase from 2023. The flurry of activity...

Meta Reportedly Takes on Google With AI-Powered Search
Artificial Intelligence // October 28, 2024

Meta is reportedly creating an artificial intelligence-powered search engine to lower dependence on Google. The tech giant’s web crawler would be able to offer conversational answers to queries about current events on Meta AI, Reuters reported Monday (Oct. 28), citing a paywalled article by The...

CFPB’s Chopra Says Rule 1033 ‘Important Step’ for Data Privacy
CFPB // October 28, 2024

The recent finalization of data-sharing rules may have sharpened the debate over risks and rewards of Section 1033 — to consumers, banks and FinTechs — and the rule has drawn its share of critics and legal actions. But during a discussion at Money 20/20 held...

Interviews & Exclusives
OpenAI’s Shift to For-Profit Model Changes the Game for AI Competition

September 30, 2024
OpenAI, the creator of ChatGPT, is reportedly considering transitioning to a for-profit model. This strategic pivot is reshaping the artificial intelligence (AI) landscape, raising questions about the future of AI innovation, market competition and partnerships in the tech world. The potential shift comes at a crucial time when AI technology is becoming integrated into consumer […]

72% of Finance Leaders Use AI in Their Operations

September 27, 2024
As artificial intelligence (AI) becomes more integrated into banking, the financial sector stands on the brink of a major shift. The adoption of AI tools could redefine not only operational...

Tech Firms Bet on Sustainable Data Centers to Cut AI Costs

August 30, 2024
As artificial intelligence (AI) reshapes industries, tech companies are racing to build greener data centers that slash energy costs without sacrificing performance. Firms like Sustainable Metal Cloud (SMC) are at...

Credit Unions vs Big Tech: Winner Gets the Customer

August 13, 2024
For banks — and especially for credit unions — the battle with Big Tech for the hearts, minds and wallet share of consumers may seem a more than challenging proposition....

Quick Reads
Apple Reportedly Weighing Smart Glasses Push

November 05, 2024
Apple is reportedly exploring the viability of entering the smart glasses market. The tech giant has launched an in-house study of currently available products, Bloomberg News reported Monday (Nov. 4). According to that report, the project — code-named Atlas — began last week and centers around getting feedback from Apple workers on smart glasses, sources […]

Big Tech Makes Money by Spending on AI Infrastructure

November 01, 2024
Tech giants’ investments in cloud infrastructure are reportedly paying off due to the demand for artificial intelligence. The momentum of cloud businesses began to slow in early 2022 as companies...

Meta Reportedly Takes on Google With AI-Powered Search

October 28, 2024
Meta is reportedly creating an artificial intelligence-powered search engine to lower dependence on Google. The tech giant’s web crawler would be able to offer conversational answers to queries about current...

Indonesia Bans iPhone 16 After Apple Fails Local Investment Test

October 28, 2024
Indonesia has banned Apple’s newest iPhone, hindering sales in one of the world’s largest countries. The ban on sales of the iPhone 16 came after Apple apparently failed to meet the government’s requirements for...