April 25, 2024 In an era where instant gratification is often the norm, Meta CEO Mark Zuckerberg’s strategic pivot towards long-term, high-stakes investments in artificial intelligence (AI) and the metaverse is testing the waters of investor patience and more...
April 16, 2024 In an era where financial institutions handle trillions of transactions daily, the legacy programming language COBOL, which underpins much of this infrastructure, is facing a looming crisis. With a shrinking pool of skilled programmers and more...
April 14, 2024 The journey to harness Artificial Intelligence (AI) within the U.S. banking sector is proving to be a formidable challenge, despite high stakes and substantial investments by leading institutions. As banks strive to transform AI promises more...
January 15, 2024 The International Monetary Fund (IMF) has issued a stark warning: nearly 40% of global employment could be disrupted by the rise of artificial intelligence (AI). This emerging trend has the potential to exacerbate inequality, IMF more...
July 6, 2023 BlackBerry CEO John Chen tried to paint a bright face on the company’s financial future at the company’s virtual annual general meeting on Tuesday. “I am positive we are on the right path,” he told more...
May 1, 2023 Welcome to Cyber Security Today. This is the week in Review edition for the week ending Friday, Arpil 28th, 2023. I’m Howard Solomon, cybersecurity reporter for ITWorldCanada.con and TechNewsday.com in the U.S. In a few more...
April 25, 2023 Canada’s financial regulator is urging the country’s biggest banks and insurance companies to perform a new controlled threat assessment of their cyber resilience every three years with independent penetration testers. The recommendation for the assessment, more...
March 16, 2023 Cryptocurrency prices increased after the U.S. government guaranteed depositors of bankrupt banks such as Silicon Valley Bank and Signature Bank protection. Bitcoin has surpassed $24,000, and Ethereum has reached $1,680. This resulted in a 14% more...
March 16, 2023 Billionaire hedge fund manager Bill Ackman believes that more banks will fail even if U.S. authorities intervene to restore confidence in the banking system following the failure of Silicon Valley Bank and Signature Bank last more...
March 16, 2023 Regulators ordered the closure of Signature Bank, a New York-based bank, due to concerns about systemic risks that could threaten the U.S. banking system after the bank abruptly ceased operations on Sunday. Furthermore, the Federal more...
