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Bank downplays ties to FTX sister company in latest fallout from crypto exchange failure

GeekWire

A bank in rural Washington state sought to distance itself from FTX on Tuesday following a report last week detailing its connections to the failed cryptocurrency exchange. 23 that FBH, the parent company of Farmington State Bank, received $11.5 Moonstone Bank’s reputation as well.” Moonstone Bank’s reputation as well.”

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Remitly reports $458M in 2021 revenue, up 78%, as remittance company suspends service in Russia

GeekWire

million, up 69% in the year-ago period, with a net loss of $16.6 EU, and other allies this week cut Russian banks off from Swift , an international payment communication system that helps facilitate transactions. Remitly earlier this week hired former Google and Microsoft leader Ankur Sinha as its chief technology officer.

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Cloud, SaaS boost Oracle sales, but competition exacts costs

CIO Business Intelligence

During a call with analysts after the results were announced Thursday, Oracle Chairman and CTO Larry Ellison named a long roster of high-profile customers the company had signed up recently. billion, net income plunged 54% to $2.3 A big issue for Oracle is that it is expensive to maintain the momentum for its own cloud growth.

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As global AI energy usage mounts, Nvidia claims efficiency gains of up to 100,000X

Network World

While these might look like small numbers, the investment banking company says increased demand will drive unprecedented electricity usage growth not seen in a generation. That’s only three times as large, so you can imagine the net positive impact to our energy grid,” said Pette.

Energy 139
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Inside Nasdaq’s AI-fueled pivot to SaaS provider

CIO Business Intelligence

Brad Peterson, the company’s CIO and CTO, has been implementing AI for more than a decade and is all in on the promised innovation afforded by generative AI. “We The company, which reported net revenues of $3.6 No doubt, Nasdaq is bullish on generative AI.

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Ferrari Ransom Attack Is 'Platinum Card' of Data Breaches

SecureWorld News

So far, Ferrari is yet to find evidence that payment details, bank account numbers, or other sensitive payment information was accessed or stolen. According to Casey Ellis, Founder and CTO of Bugcrowd: "As is true with their cars, news of a breach raises eyebrows immediately.

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Agentic AI: Decisive, operational AI arrives in business

CIO Business Intelligence

Beyond the use of AI agents for specific and discrete tasks, it has the potential to do a series of tasks, in a step-by-step manner, says Mike Finely, CTO and co-founder of AnswerRocket, vendor of an AI assistant for enterprise analytics. Agentic AI is the next evolution of AI, he says.