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Britain’s motor finance industry is in crisis – with banks bracing for billions in payouts
The crisis has prompted comparisons to Britain's PPI scandal, which was estimated to have cost banks more than £50 billion ($63.8 billion).Read More...
Chinese AI startup takes aim at OpenAI’s Sora with image-to-video tool launch
Beijing-based Shengshu Technology updated its artificial intelligence-powered text-to-video tool Vidu for generating videos based on separate images.Read More...
Banks are reporting a ten-fold surge in digital scams, cybersecurity firm BioCatch says
Banks are under pressure to kick criminals off their platforms and compensate more victims as regulators and lawmakers focus on the harm done by digital scams.Read More...
Hedge funds performed better under Democratic presidents than Republican ones, history shows
Hedge funds actually generate more alpha when the White House is occupied by a Democrat president than a Republican one, according to HFR.Read More...
David Einhorn to speak as priciest market in decades in his view gets even pricier postelection
Einhorn's hedge fund returned just 9% in 2024 through the end of the third quarter, compared with the S&P 500′s more than 20% gain.Read More...
China’s Alibaba releases AI search tool for small businesses in Europe and the Americas
Chinese e-commerce giant Alibaba unveiled an artificial intelligence-powered search engine for small businesses in Europe and the Americas to source supplies.Read More...
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