AI is a transformational technology worth investing in — but investors must be selective when investing in data centers, according to the head of one of the world's biggest banks. Speaking to CNBC's Dan Murphy on Tuesday, HSBC CEO Georges Elhedery called artificial intelligence "a major enabler to re-engineer and...
Category: Finance
Goldman Sachs, JPMorgan and Morgan Stanley are dominating the AI stock boom. Here’s their edge
David Solomon, CEO of Goldman Sachs (L), Jamie Dimon, CEO of JP Morgan (C), and Ted Pick, CEO of Morgan Stanley.CNBC | Getty Images | CNBCFueled by the global boom in artificial intelligence stocks, relaxed capital rules and greater lending to hedge funds, big Wall Street banks have already had...
Three big takeaways from the IMF-World Bank meetings
BANGKOK, THAILAND - OCTOBER 16: The International Monetary Fund (IMF) and World Bank Group annual meetings at the Queen Sirikit National Convention Center (QSNCC) in Bangkok, Thailand, on October 16, 2026. Matt Hunt | Anadolu | Getty ImagesThe world's finance chiefs spent last week in Bangkok debating the biggest risk...
Bank of America hired 1,000 contractors to patch software flaws exposed by Anthropic’s Mythos
Bank of America has hired an army of external contractors to help it patch software vulnerabilities exposed by advanced artificial intelligence models including Anthropic's Mythos, the bank's CEO, Brian Moynihan, told CNBC on Wednesday.In an interview after the bank's third-quarter earnings release, Moynihan said that earlier this year the company...
‘Boring is not bad’: CEO of Southeast Asia’s largest bank pitches Singapore as a haven amid global turmoil
SINGAPORE — Southeast Asia's biggest bank by assets is making a pitch to investors that Singapore and its businesses can help them navigate many of the uncertainties around the globe."I love it that the 'Little Red Dot' we all call home was open … predictable, and almost kind of boring,"...