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 […]
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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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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 […]
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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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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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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 […]
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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 […]
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Goldman Sachs and Deutsche Bank test agentic AI for trade surveillance
Banks are testing a new type of artificial intelligence, like agentic AI, that does more than scan for keywords or follow preset rules. Instead of relying only on static alerts, some trading desks are beginning to use systems designed to reason through patterns in real time and flag conduct that may need human review. Bloomberg […]
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Nokia and AWS pilot AI automation for real-time 5G network slicing
Telecom networks may soon begin adjusting themselves in real time, as operators test systems that allow AI agents to manage traffic and service quality. AI may soon be making operational decisions. This week, Nokia and AWS presented a new network slicing system that uses AI agents to monitor network conditions and adjust resources automatically. The […]
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Anthropic: Claude faces ‘industrial-scale’ AI model distillation
Anthropic has detailed three “industrial-scale” AI model distillation campaigns by overseas labs designed to extract abilities from Claude. These competitors generated over 16 million exchanges using approximately 24,000 deceptive accounts. Their goal was to acquire proprietary logic to improve their competing platforms. The extraction technique, known as distillation, involves training a weaker system on the […]
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