Keywords: AI


Wall Street banks accelerate AI assistant adoption in race for productivity gains

Wall Street's biggest banks are rapidly expanding their use of artificial intelligence-powered digital assistants as they seek to improve efficiency, streamline operations and gain a competitive advantage in an increasingly technology-driven financial sector. From wealth management and customer......

Korean Air reports 34% drop in quarterly profit despite record revenue

Korean Air reported a sharp decline in second-quarter operating profit as higher fuel costs weighed on earnings, even as the airline posted its highest-ever revenue for a second quarter thanks to robust passenger demand and a booming cargo business. The South Korean flag carrier said strong inbound......

Samsung accelerates Yongin semiconductor plant launch to meet AI chip demand

Samsung Electronics is accelerating the development of its semiconductor manufacturing network by bringing forward the launch of its first chip fabrication plant in Yongin, South Korea. The facility is now expected to begin operations in 2029, two years earlier than originally planned, as the company......

Meta suspends Instagram AI image tool just days after launch amid privacy backlash

Meta has suspended its newly launched AI-powered image generation feature, Muse Image, only three days after its debut, following criticism over how the tool could use publicly available Instagram photos. The decision marks a setback for the technology company as it continues expanding generative artificial......

Tata Consultancy Services expands AI strategy with 8,900 deployment engineers and acquisition plans

Tata Consultancy Services (TCS) is significantly expanding its artificial intelligence strategy by creating a specialized workforce of up to 8,900 forward-deployed engineers while actively exploring acquisitions in AI, cybersecurity and data security to strengthen its technology portfolio. The initiative......

SK Hynix raises $26.5 billion ahead of landmark Wall Street listing fueled by AI chip demand

South Korean memory chip manufacturer SK Hynix has secured $26.5 billion ahead of its Wall Street debut, marking one of the largest capital raises ever completed before a stock market listing. The company announced on Friday that it had priced the shares to be offered in its U.S. listing later in the......

TikTok tightens crackdown on AI-generated spam accounts to protect users and creators

TikTok is strengthening its efforts to detect and remove accounts dedicated exclusively to publishing low-quality content generated by artificial intelligence, as the platform seeks to improve user trust and protect original creators. The social media company announced on Friday that it will begin testing......

Meta launches Muse Spark 1.1, opens AI Model to developers in public preview

Meta Platforms has officially opened developer access to Muse Spark 1.1, the latest version of its flagship reasoning AI model, marking a significant step in the company's effort to compete directly with leading AI providers such as OpenAI and Anthropic. Announced on Thursday, the public preview......

Palantir challenges rejection of £50 million London police AI contract in UK court

U.S. technology company Palantir Technologies has filed a legal challenge against the decision to block a proposed £50 million contract with London's Metropolitan Police, arguing that political considerations improperly influenced the procurement process. The dispute centers on a two-year......