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New Electronics - Deutsche Bank partners with NVIDIA to integrate AI into financial services

New Electronics – Deutsche Bank partners with NVIDIA to integrate AI into financial services

Deutsche Bank has unveiled a multi-year partnership with NVIDIA that aims to accelerate the use of artificial intelligence (AI) and machine learning (ML) in the financial services industry. Deutsche Bank is working with NVIDIA, leveraging its experience in AI and accelerated computing, to develop a wide range of AI-enabled, regulatory-compliant services. The partnership will support …

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Deutsche Bank backs Nvidia's bet to make money on software

Deutsche Bank backs Nvidia’s bet to make money on software

German financial giant Deutsche Bank is backing Nvidia’s ambitions to one day earn hundreds of billions from software enabling a variety of services and applications running on its GPUs. The often controversial banking giant announced on Wednesday that it has formed a “multi-year innovation partnership with Nvidia to accelerate the use of artificial intelligence and …

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Bank of America Sees AI Transforming the Internet in the Next Five Years - Top Stocks Will Follow the Trend

Bank of America Sees AI Transforming the Internet in the Next Five Years – Top Stocks Will Follow the Trend

Artificial intelligence will be a catalyst for big tech stocks over the next five years, according to Bank of America. The sector was beaten in 2022 thanks to macroeconomic factors, including inflation and rising interest rates. The tech-heavy Nasdaq Composite is down 25% this year, compared to the nearly 12% drop in the S&P 500. …

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The impact of artificial intelligence on the banking sector

The impact of artificial intelligence on the banking sector

There is no doubt that artificial intelligence (AI) is impacting most industries. AI can accomplish more with less, from manufacturing to telecommunications to catering. At the same time, it is a powerful tool for businesses to meet or exceed consumer expectations. You might not realize that domestic and offshore banks are also using AI in …

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Bank robbery netted $39,100, officials say, as suspects face federal charges

Bank robbery netted $39,100, officials say, as suspects face federal charges

Two men accused by prosecutors of robbing the Vineyard Haven branch of Rockland Trust will now face federal charges after the U.S. Attorney’s Office says they stole about $39,000 in cash and threatened cashiers with guns . According to a statement from Rachael Rollins’ office, U.S. Attorney for the District of Massachusetts Miquel Jones, 30, …

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Fitch confirms that Auswide Bank is "BBB+";  Stable outlook |  MarketScreener

Fitch confirms that Auswide Bank is “BBB+”; Stable outlook | MarketScreener

Fitch Ratings confirmed Australia-based Auswide Bank Ltd Long-term Issuer Default Rating (IDR) of “BBB+”, Short-term IDR of “F2” and Viability Rating (VR) of “bbb+”. The outlook for the long-term IDR is stable. Main rating factors IDRs Driven by VR: Auswide’s VR is in line with VR implied by Fitch’s bank rating criteria and reflects a …

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