Graphics processing units on today’s computers can only hold so much capacity — and financial institutions are looking to quantum computing to process ever-growing data sets and turbocharge AI.  “By applying quantum, the parallel [computing] capability of the computer goes up exponentially,” Mitchell Wein, executive principal at Datos Insights, a data and markets analytics company,…

Technology and innovations advanced in leaps and bounds in 2023, including enhancements to AI, the introduction of generative AI and investment in data analytics.  In 2024, financial institutions can look to even more developments in AI, robotic process automation (RPA), fraud detection and data sharing technologies to set themselves up for digital success, technology platform…

Block, the fintech company whose subsidiaries include Square, Cash App and Afterpay, is laying off staff at a tumultuous time for tech industry workers. That’s according to an internal memo from CEO Jack Dorsey, obtained first by Business Insider, which states that “the growth of [Block] has far outpaced the growth of … business and…

Spend management startup Ramp has acquired AI-powered startup Venue as it expands its procurement offering. Venue was founded in 2022 by TK Kong, Young Kim, and Kevin Chan, and its aim was to “simplify how businesses review, approve, and manage the cost of vendors in use across their company.” The startup raised $1.2 million in…

Google and Microsoft continued to roll out AI and generative AI-driven products as cloud revenue increased at both companies to close out 2023.  Cloud revenue at Google reached $9 billion in Q4, up 26% year over year, according to its earnings release.  Google Cloud “saw accelerated growth, driven by our gen AI and product leadership,”…

Luther Liang, director of product at Grasshopper Bank, will speak at Bank Automation Summit U.S. 2024 about new approaches to robotic process automation. Bank Automation Summit U.S. 2024 takes place March 18-19 at the Omni Nashville in Nashville, Tenn., and brings together industry experts to discuss innovation in AI, RPA, automation, machine learning and more. …

PayPal has begun company-wide layoffs, according to multiple reports, including an article published by The Information. It is not yet clear at the time of writing how many people will be affected by the job cuts but one source told TechCrunch it was expected to be in the “thousands.” Update: Bloomberg reported today that about…

I just found a fascinating report from data.ai about the state of mobile usage today. Apparently we spend a third of the day, on average, playing with our phones. The mobile economy is now worth more than half a trillion dollars; with most of it generated through spending on mobile adverts; and almost 500,000 apps……

I just found a fascinating report from data.ai about the state of mobile usage today. Apparently we spend a third of the day, on average, playing with our phones. The mobile economy is now worth more than half a trillion dollars; with most of it generated through spending on mobile adverts; and almost 500,000 apps……

I just found a fascinating report from data.ai about the state of mobile usage today. Apparently we spend a third of the day, on average, playing with our phones. The mobile economy is now worth more than half a trillion dollars; with most of it generated through spending on mobile adverts; and almost 500,000 apps……