Tag: finance

AI

Palantir Stock Soars As Much As 28% To All-Time High—Becoming $200 Billion Company

Colin Henderson

Derek Saul Feb 4, 2025, Forbes Topline Recent stock market favorite Palantir notched another milestone Tuesday, surging after its latest earnings report to join an elite group of U.S. firms worth more than $200 billion as the software giant benefits handsomely from its “position at the center of the AI revolution,” as its billionaire CEO Alexander Karp describes it. Key Facts Shares of Palantir jumped as much as 28% shortly after 10 a.m. EST, registering a record share price of $106.91, as investors reacted overwhelmingly positively to the firm’s fourth-quarter earnings report released Monday afternoon, before the stock settled into a 21% gain by … Continue reading Palantir Stock Soars As Much As 28% To All-Time High—Becoming $200 Billion Company

AI

Open Banking – a reality or not

Colin Henderson

Abstract: Arthur has developed here a modern contextual view of Open Banking and Open Finance. He begins with the right question “Open Banking – a reality or not”. However there are gaps worth exploring for inclusion in this summary. These gaps lie with Safety of Funds and Consumer preferences and motivation to adopt. Arthur BedelCo-Founder @ Connecting the dots in Payments… | Global Revenue at VGS | Board Member | FinTech Advisor | Ex-Pro Tennis PlayerLinkedin ——There remain unanswered questions in this evolving definition which are critical to the success of Open Banking. These gaps are in i. Platform Security … Continue reading Open Banking – a reality or not

AI

The Best of Bain 2024

Colin Henderson

The world ahead of us In this mailing we highlight the eight most-read and most-commented on stories of the year. Could they also be predictive? Taken together, they offer a frame through which to view a newly post-global world, where AI is an object of intense awe (and scrutiny) and where leaders distinguish themselves by building resilient corporations steeled against increasingly frequent shocks. The question to ask as you read is, which of these risks is actually your greatest opportunity? — The Bain Team 1 Tariffs and the awful price of inaction The globalized world is going post-global. Every executive … Continue reading The Best of Bain 2024

AI

Delivering on the promise of AI in banking (Mckinsey)

Colin Henderson

Much has been written about the power of AI, including generative AI (gen AI), to transform banking. Beyond ushering in the next wave of automation, AI promises to make banks more intelligent, efficient, and better able to achieve stronger financial performance. About the authors While the buzz is undeniable, many banking C-suite leaders are increasingly asking questions about the realization of value in light of the headwinds facing the sector. Will AI live up to expectations? After initial experimentation, how can banks go from proof of concept to proof of value and truly reimagine and transform the enterprise using AI? How soon, if … Continue reading Delivering on the promise of AI in banking (Mckinsey)

AI

U.S. Special Operations Command Expands Contract with Palantir to Deliver Advanced AI and Mission Manager Capabilities

Colin Henderson

December 09, 2024 06:59 AM Eastern Standard Time DENVER–(BUSINESS WIRE)–Palantir Technologies Inc. (NASDAQ: PLTR) today announced an expansion of its contract with the U.S. Special Operations Command (USSOCOM) to deliver technology solutions in support of enterprise capabilities. The one-year delivery is valued at $36.8 million and establishes Palantir as the lead software integrator for USSOCOM’s Mission Command System (MCS) while expanding the technology solutions supporting U.S. Special Operations Forces (SOF) globally. “Palantir’s Mission Manager is positioned to innovate the Defense industry by providing software to enable and operationalize commercial capabilities for U.S. Government missions. USSOCOM understands that commercial software can … Continue reading U.S. Special Operations Command Expands Contract with Palantir to Deliver Advanced AI and Mission Manager Capabilities

AI
Colin Henderson

Amazon Keeps Profit Margins in Orbit E-commerce giant’s strong operating earnings offset huge jump in AI spending and counter worries of margin decline By Dan GallagherFollow Nov. 1, 2024 at 6:00 am ET 7 Gift unlocked article Listen (4 min) Amazon CEO Andy Jassy says he expects next year’s capital spending to surpass this year’s planned $75 billion. PHOTO: DAVID RYDER/BLOOMBERG NEWS Like its big tech rivals, Amazon.com AMZN 6.56%increase; green up pointing triangle is spending a king’s ransom on artificial intelligence. Unlike them, it also has plenty of customers dropping money on toothpaste and razorblades.  That strange brew proved a potent mix for the company’s third-quarter reportThursday. Amazon … Continue reading

AI

LTIMindtree wins its largest deal in its history: … embedding AI into all offerrings

Colin Henderson

Current progress by LTIMindtree including expansion into US. The focus on embedding AI into all services, and rationalising smaller clients who do not folllow this approach is designed to create a forward looking portolio of customers.. Sources Times of India, Ecomomic Times India’s sixth-largest technology services company, LTIMindtree, has reportedly won its largest deal ever. The company focuses on revolutionising smaller clients and grabbing a higher share of vendor consolidation deals with artificial intelligence (AI), the biggest transforming technology. Now, the company has established a strong presence in the market.  “We are now embedding AI into each of our services, reimagining with … Continue reading LTIMindtree wins its largest deal in its history: … embedding AI into all offerrings

AI

Bad reporting example on bank runs in Canada without evidence

Colin Henderson

This is reporting at its worst. The content stretches to match the title but it is not even close. To talk about bank runs without context is wrong. Clouds on the horizon? There are alaways emerging risks, but no Canada specific clouds. Canada needs to prepare as the risk of bank runs rises, warns report ‘Emerging clouds on the horizon’ signal changes needed to existing checks and balances Get the latest from Naimul Karim straight to your inbox  Published Oct 01, 2024  •  Last updated 6 days ago  •  3 minute read Canada may not have had a big banking failure in many years, but “emerging clouds … Continue reading Bad reporting example on bank runs in Canada without evidence