financial times
30 articles about financial times in AI news
OpenAI Reports Criminal Attack, Not Just Protest, FT Says
The Financial Times reports OpenAI CEO Sam Altman informed employees the company is dealing with a 'criminal attack,' marking a significant escalation beyond standard industry criticism or protest.
FT's AI Risk Chart Sparks Debate: 50% Chance of Human Extinction Versus Abundance
A Financial Times chart showing AI could lead to either human extinction or unprecedented abundance has ignited debate about mainstream recognition of existential risks. The visualization presents a stark 50/50 probability between catastrophic and utopian outcomes.
How to Use MCP Servers for Financial Data
MCP servers turn financial data sources into auditable, replaceable protocol endpoints. For Claude Code users building agentic BFSI systems, this means 90% fewer custom integrations and regulator-ready logging.
Google's TimesFM Foundation Model: A New Paradigm for Time Series Forecasting
Google Research has open-sourced TimesFM, a 200 million parameter foundation model for time series forecasting. Trained on 100 billion real-world time points, it demonstrates remarkable zero-shot forecasting capabilities across diverse domains without task-specific training.
Google's TimesFM: The Zero-Shot Time Series Model That Works Without Training
Google has open-sourced TimesFM, a foundation model for time series forecasting that requires no training on specific datasets. Unlike traditional models, it can make predictions directly from historical data, potentially revolutionizing forecasting across industries.
Semantic Caching: The Key to Affordable, Real-Time AI for Luxury Clienteling
Semantic caching for LLMs reuses responses to similar customer queries, cutting API costs by 20-40% and slashing response times. This makes deploying AI-powered personal assistants and search at scale financially viable for luxury brands.
Oracle Deploys Quantinuum Helios Quantum Computer on OCI
Oracle partners with Quantinuum to deploy Helios quantum computer on OCI, positioning against AWS and Azure. Helios targets 56 qubits, with financial terms undisclosed.
FERC, DOE fast-track AI data center grid connections to cut 5-year queue
FERC and DOE proposed fast-track grid connections for AI data centers, cutting queue times from 5 years to under 2 years for qualifying projects above 100 MW.
JPMorgan, OQC, AMD Build First Quantum AI Data Center for Finance
JPMorgan, OQC, and AMD are building a dedicated quantum AI data center for financial workflows, moving from remote-access demos to enterprise-grade infrastructure. No budget or timeline disclosed.
Hassabis: AGI by 2030 Is 'Singularity-Level' Shift, Society Unprepared
Demis Hassabis warned AGI around 2030 will be a singularity-level event. He says society has little time to prepare for a revolution ten times faster than the Industrial Revolution.
The $500B AI Chip Bottleneck: One Material, One Supplier
A single Japanese chemical company supplies 98% of the thin-film material used in every AI chip on earth. NVIDIA is paying half the capex to expand supplier fabs as lead times stretch past 6 months.
IOWN Forum Pushes All-Photonic WAN for AI Neocloud Interconnects
The IOWN Global Forum is focusing its optical networking tech on datacenter interconnects, aiming to let GPU 'neoclouds' and financial firms use cheaper, remote facilities without latency penalties for AI workloads.
Anthropic's Claude Promoted for Stock Picking with 12-Prompt Guide
A viral X thread promotes using Anthropic's Claude AI to identify potential '100-bagger' stocks with a set of 12 prompts. This highlights growing experimentation with general-purpose LLMs for specialized financial analysis, despite inherent risks.
PRAGMA: Revolut's Foundation Model for Banking Event Sequences
A new research paper introduces PRAGMA, a family of foundation models designed specifically for multi-source banking event sequences. The model uses masked modeling on a large corpus of financial records to create general-purpose embeddings that achieve strong performance on downstream tasks like fraud detection with minimal fine-tuning.
Citadel's Ken Griffin Calls AI Investment 'Not Worth It', Output 'Garbage'
Billionaire hedge fund CEO Ken Griffin stated that investing in AI is 'not worth it' and that much of its output is 'garbage'. This critique from a major financial player highlights a growing skepticism about AI's tangible returns.
Exclusive | Buying the Dip? This AI Agent Will Do It for You - WSJ
The Wall Street Journal reports on a new AI agent designed to autonomously execute 'buy the dip' investment strategies. This represents a significant step in the evolution of AI agents from assistants to autonomous decision-makers with financial agency.
SoftBank Reportedly Leveraging 25% LTV Ceiling to Fund $30B OpenAI Investment
SoftBank is reportedly pushing its own 25% loan-to-value ceiling to borrow more against its assets, aiming to fund a new $30 billion investment in OpenAI. This aggressive financial engineering signals a massive, concentrated bet on the AI leader.
Starling Bank Launches Agentic AI Assistant
Starling Bank has launched an 'agentic AI assistant,' marking a significant move by a major financial institution into autonomous AI systems. This follows a wave of agentic AI deployments across retail and tech, signaling a shift toward AI that can perform tasks, not just answer questions.
The Hidden Engine Behind Anthropic's Explosive Growth: Enterprise API Revenue
Anthropic's financial growth has been largely driven by enterprise API and business tools, accounting for 75% of revenue. While having far fewer users than ChatGPT, Anthropic generates 80-100x more revenue per user through developer and corporate partnerships.
Beyond Architecture: How Training Tricks Make or Break AI Fraud Detection Systems
New research reveals that weight initialization and normalization techniques—often overlooked in AI development—are critical for graph neural networks detecting financial fraud on blockchain networks. The study shows these training practices affect different GNN architectures in dramatically different ways.
Beyond Vector Databases: New RAG Approach Achieves 98.7% Accuracy Without Embeddings or Similarity Search
Researchers have developed a novel RAG method that eliminates vector databases, embeddings, chunking, and similarity searches while achieving state-of-the-art 98.7% accuracy on financial benchmarks. This approach fundamentally rethinks how AI systems retrieve and process information.
Goldman Sachs Bets on Claude AI for Banking's Backbone Operations
Goldman Sachs is deploying Anthropic's Claude AI model to automate critical back-office functions like trade accounting and client onboarding. This strategic move signals a major shift in how elite financial institutions leverage generative AI for operational efficiency and risk reduction.
Amazon Bets $50 Billion on OpenAI in Cloud AI Arms Race
Amazon has announced a $50 billion strategic partnership with OpenAI, making AWS the exclusive third-party cloud provider for OpenAI's Frontier models. The deal includes co-developing stateful AI runtimes and massive Trainium infrastructure commitments.
Anthropic IPO Bets $2T Valuation on October Debut
Anthropic investors target $2T+ October IPO valuation. Revenue projected at $100-120B annualized by year-end, up 10x in 2026.
BCG: Agentic AI Can Step-Change CPG–Retail Collaboration by Breaking
Boston Consulting Group (BCG) reports agentic AI can break down 'friction silos' between CPG companies and retailers, enabling step-change collaboration through autonomous planning and execution. The analysis targets the consumer goods value chain, where fragmented data and manual handoffs currently limit joint efficiency.
Nvidia, Wall Street Giants Eye $500B AI Infrastructure Fund
Nvidia is negotiating a $500B AI infrastructure funding package with Apollo, Blackstone, BlackRock, Brookfield, Goldman and KKR, per the FT. The deal may be announced Monday.
Big Four AI Capex Tops $1.1T; $745B More Due in 2026
Big four hyperscalers spent $1.1T on AI infrastructure since 2023, with $745B more in 2026. Hidden debt tops $1.65T.
Hyperscalers Shift AI Race from Spend to Deployment Speed
Microsoft opened 31 data centers and added ~1 GW AI capacity in Q2. Alphabet raised 2026 capex to $195-205B. Deployment speed is now the competitive edge.
DeepSeek seeks fresh $71B round weeks after $7B close
DeepSeek seeks $71B valuation round weeks after $7B close. Capital for data centers and custom chips to sustain 11x cheaper pricing than GPT-5.5.
Tencent in Talks for Majority Stake in Manus at $2B After Meta Deal Blocked
Tencent is buying a majority stake in AI agent startup Manus at $2B valuation after Beijing blocked Meta's acquisition. Manus reported ~$500M annual revenue.