Spend management service provider Ramp today launched its AI token spend management tool, giving finance teams visibility and control over spending across major AI providers. ...

Stripe and private equity firm Advent International have offered to acquire PayPal for nearly $60.50 per share, a 28% premium over Tuesday's close that values...

Morgan Stanley and Goldman Sachs are focused on providing financing for the current AI development boom — as well as developing the tech for themselves to make operations more efficient.  “Each major tech cycle has produced...

Citi is seeing high adoption as it deploys AI in nearly all its operations and expects the tech to drive productivity gains.  Citi has brought products including its Payment Express solution and Citi Wealth Advisor Insights platform to market faster because of AI, Chief Executive Jane Fraser said today...

JP Morgan Chase & Co. plans to continue its investments in AI while being cognizant of market cycles and a potential slowdown in the industry.  “AI...

U.S. Bank is weaving AI into nearly every touchpoint it has with small business customers, from the moment a client calls into a service center...

TD Bank is testing whether a foundation model trained on outside data can match the predictive power of models it builds entirely in-house —...

Lloyd's of London, insurance company The Hartford and Google Cloud are deploying AI into insurance underwriting and risk prevention.  The two...

Better.com's consumer AI-driven chatbot is converting mortgage shoppers into clients and resolving customer queries, company officials say.  The AI voice assistant, called Betsy, is fielding roughly...

Happen Bank, formerly LendingClub, is being cautious with its use of AI and token spend by putting in token caps on employees.  “We were...