UK sovereign AI fund to build up domestic computing infrastructure
The UK sovereign AI fund intends to secure advantages by providing a domestic alternative to external computing infrastructure. Backed by a £500 million budget from the Department for Science, Innovation and Technology, the unit formally launches on April 16th at 6pm GMT. James Wise, Partner at Balderton Capital, chairs the function to coordinate efforts across […]
The post UK sovereign AI fund to build up domestic computing infrastructure appeared first on AI News.
City Union Bank launches AI centre to support banking operations
Banks have spent years buying analytics tools and automation software. Now some are taking a different step: building internal spaces where AI can be tested directly on real banking problems. One example emerged in India this month. City Union Bank recently entered a four-party agreement to create a Centre of Excellence for Artificial Intelligence in […]
The post City Union Bank launches AI centre to support banking operations appeared first on AI News.
Scaling intelligent automation without breaking live workflows
Scaling intelligent automation without disruption demands a focus on architectural elasticity, not just deploying more bots. At the Intelligent Automation Conference, industry leaders gathered to dissect why many automation initiatives stall after pilot phases. Speaking alongside representatives from NatWest Group, Air Liquide, and AXA XL, Promise Akwaowo, Process Automation Analyst at Royal Mail, grounded the […]
The post Scaling intelligent automation without breaking live workflows appeared first on AI News.
The firm that never forgets: Rowspace launches with US$50M to make AI for private equity actually work
Private equity runs on judgment–and judgment, it turns out, is extraordinarily hard to scale. Decades of deal memos, underwriting models, partner notes, and portfolio data are scattered across systems that were never designed to communicate with each other. Every time a new deal crosses a firm’s desk, analysts start from scratch, even when the answers […]
The post The firm that never forgets: Rowspace launches with US$50M to make AI for private equity actually work appeared first on AI News.
JPMorgan expands AI investment as tech spending nears $20B
Artificial intelligence is moving from pilot projects to core business systems inside large companies. One example comes from JPMorgan Chase, where rising AI investment is helping push the bank’s technology budget toward about US$19.8 billion in 2026. The spending plan reflects a broader shift among large enterprises. AI is no longer treated as a small […]
The post JPMorgan expands AI investment as tech spending nears $20B appeared first on AI News.
AI agents prefer Bitcoin shaping new finance architecture
AI agents prefer Bitcoin for digital wealth storage, forcing finance chiefs to adapt their architecture for machine autonomy. When AI systems gain economic autonomy, their internal logic dictates how corporate capital flows. Non-partisan research by the Bitcoin Policy Institute evaluated how these frontier models would transact if operating as independent economic actors. The study tested […]
The post AI agents prefer Bitcoin shaping new finance architecture appeared first on AI News.
Physical AI adoption boosts customer service ROI
The adoption of physical AI drives ROI in frontline customer service by merging digital intelligence with human-like physical interaction. As businesses navigate shrinking labour pools, they are finding that simply automating routine workflows is no longer enough. A new partnership between KDDI and AVITA demonstrates how companies can address complex operational gaps through humanoid deployment. […]
The post Physical AI adoption boosts customer service ROI appeared first on AI News.
Santander and Mastercard run Europe’s first AI-executed payment pilot
An artificial intelligence system has, for the first time in Europe, completed a payment inside a live banking network without a human entering the final command. Banco Santander and Mastercard confirmed that they had executed a live end-to-end payment initiated and completed by an AI agent, a software system operating within the bank’s own regulated […]
The post Santander and Mastercard run Europe’s first AI-executed payment pilot appeared first on AI News.
MWC 2026: SK Telecom lays out plan to rebuild its core around AI
At MWC 2026 in Barcelona, SK Telecom outlined how it is rebuilding itself around AI, from its network core to its customer service desks. The shift goes beyond adding new AI tools. It involves rewriting internal systems, expanding data centre capacity to the gigawatt scale, and upgrading its own large language model to more than […]
The post MWC 2026: SK Telecom lays out plan to rebuild its core around AI appeared first on AI News.
Upgrading agentic AI for finance workflows
Improving trust in agentic AI for finance workflows remains a major priority for technology leaders today. Over the past two years, enterprises have rushed to put automated agents into real workflows, spanning customer support and back-office operations. These tools excel at retrieving information, yet they often struggle to provide consistent and explainable reasoning during multi-step […]
The post Upgrading agentic AI for finance workflows appeared first on AI News.