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 […]
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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 […]
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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 […]
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Beyond the pilot: Dyna.Ai raises eight-figure Series A to put agentic AI in financial services to work
The financial services industry has a pilot problem. Institutions pour resources into AI proofs-of-concept, generate impressive dashboards, and then quietly watch momentum stall before anything reaches production. Singapore-headquartered Dyna.Ai was built precisely to break that pattern–and investors are now backing that thesis with serious capital. The AI-as-a-Service company has closed an eight-figure Series A round […]
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Physical AI is having its moment–and everyone wants a piece of it
There is a particular kind of momentum in the technology industry that announces itself not through a single breakthrough, but through the simultaneous convergence of many. Physical AI is having that moment right now–and paying attention to where it is coming from, and why, tells you more than any single product launch can. The term […]
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Google makes its industrial robotics AI play official–and this time, it means business
When Google folds a moonshot into its core operations, it’s not cleaning house. It’s placing a bet. On February 25, Alphabet-owned Intrinsic–which builds AI models and software designed to make industrial robotics more accessible–officially joined Google. The company will remain a distinct group within Google, working closely with Google DeepMind and tapping into Gemini AI models and […]
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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. […]
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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 […]
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AI-Native networks are no longer a 6G promise–MWC 2026 just proved it
AI-native networks have been a recurring talking point at Mobile World Congress for years. What made MWC 2026 in Barcelona different was the evidence. A cascade of announcements from the world’s biggest telecom vendors, chipmakers, and operators didn’t just reiterate the vision for AI-RAN–they delivered field trial results, commercial product launches, open-source toolkits, and a […]
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AI adoption in financial services has hit a point of no return
AI adoption in financial services has effectively become universal–and the institutions still treating it as an experiment are now the outliers. According to Finastra’s Financial Services State of the Nation 2026 report, which surveyed 1,509 senior executives across 11 markets, only 2% of financial institutions globally report no use of AI whatsoever. The debate is […]
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