Joe Raedle | Getty Images Elon Musk’s xAI, now owned by SpaceX, sued Minnesota Attorney General Keith Ellison to challenge a law that would ban so-called nudify apps in the state. In their complaint, filed in a federal court in Minnesota on Monday, attorneys for xAI wrote that the statute “imposes an overbroad, content-based ban…
Amazon plans to raise at least $25 billion through an eight-part bond sale, as it looks to continue its massive artificial intelligence buildout, sources told CNBC’s David Faber. The company has also shared with its underwriters that it won’t issue any more debt this year, according to people familiar with the matter, who asked not…
There are just a couple of expiries to take note of on the day, as highlighted in bold below. The first being for EUR/USD at the 1.1400 level once again. With the dollar extending a little lower after the softer US CPI report yesterday, the expiries above may not factor too much into play. But…
Silver price recovered some ground on Friday, up 0.84%, but it is poised to finish the week down over 6.50%. At the time of writing, XAG/USD trades at $56.00 per troy ounce, after reaching a new year-to-date (YTD) low of $54.77. XAG/USD Price Forecast: Technical Outlook The white metal ended the week on the back…
Home Commentary American Banks Left the Door Open. European Fintechs Are Walking In. The new battleground for U.S. banking will be about who owns relationships, not who has the biggest balance sheet. Netflix Inc. co-founder and former CEO Reed Hastings said a few things in 2014 that American banks and fintechs should consider pinning on…
Most generative AI projects in finance fail. Here’s what it means for CFOs and their future hires. Mid-market finance chiefs aren’t hiring like they used to. A Gartner survey of more than 300 finance executives shows that while companies are pouring more money into artificial intelligence tools, the share of CFOs planning to expand headcount…