AI News & Insights on Artificial Intelligence
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By Alex Rowland - Category: Industry
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AI Could Cut 10% of Europe’s Banking Jobs by 2030, Morgan Stanley Says
Analysts at Morgan Stanley believe that support and mid-level office roles will be hit the hardest. By 2030, European banking institutions could cut around 10% of their workforce—roughly 212,000 jobs—due to the adoption of artificial intelligence and continued digitalization. This is according to an analysis by U.S. investment bank Morgan Stanley, cited by the Financial Times.
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By Daniel Mercer - Category: Industry
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OpenAI Launches ChatGPT for Healthcare With HIPAA Compliance
The AI company is introducing a healthcare-focused version of its chatbot and promises HIPAA-compliant data processing. Several major U.S. hospital systems are already on board.
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By Daniel Mercer
- Category: Industry
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Minimax Shares Surge 109% in Hong Kong IPO, Raising $620M
Shares of Chinese AI startup Minimax more than doubled on their debut on the Hong Kong Stock Exchange. The stock closed up 109% at HK$345, according to CNBC. The performance sharply outpaced local rival Zhipu AI, whose shares rose only 13% a day earlier. Minimax raised approximately $620 million in the initial public offering.
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By Daniel Mercer
- Category: Industry
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Anthropic Seeks $10B Funding Round at $350B Valuation
Anthropic is preparing to raise $10 billion in new funding, according to the Wall Street Journal, citing sources familiar with the matter. The developer of the Claude chatbot is targeting a valuation of $350 billion.
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