Remove 2026 Remove Banking Remove Development
article thumbnail

General Fusion lands $15M to develop its fusion demonstration device

GeekWire

The investment will be used for the development of its demonstration device, called the Lawson Machine 26 (LM26). Also participating in the Series F round is BDC Capital, the investment arm of the Business Development Bank of Canada. The company’s overall technology is called magnetized target fusion.

article thumbnail

The new CIO mandate: Selling AI to employees

CIO Business Intelligence

Still, a report surfaced earlier this month that global banks and investment firms are examining the possibility of replacing entry-level financial analyst positions with AI. Our responsibility as CIOs is certainly to fund and empower work to develop and implement AI tools safely in our workplace.”

Survey 134
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

IT services company Atos finalizes plan for IBM-style split

CIO Business Intelligence

The closest thing in its portfolio is a stake in Aareal Group, a bank that has an ERP software subsidiary, Aareaon, which provides digital solutions for the European property industry. Saleh explained how Eviden plans to raise capital to develop its business after the Tech Foundations sale.

IBM 98
article thumbnail

The digital transformation of an island nation: how Bahrain rose to lead cloud adoption in the GCC Region

CIO Business Intelligence

billion revenue to Bahrain’s GDP by 2026, according to IDC’s Economic Impact study. In turn, Bahrain’s investment in digital transformation, and continued focus on attracting key projects like AWS while developing key sectors as part of its overall growth and diversification plans, acted as an economic force multiplier.

Cloud 107
article thumbnail

How the metaverse will help financial organizations transform employee and customer experience on Microsoft Cloud

CIO Business Intelligence

“For financial institutions, it can transform the way they offer services and training, making them more convenient, engaging, accessible and inclusive.” Metaverse applications are developing quickly. According to  Gartner , 25% of people will spend at least an hour in the metaverse by 2026.

article thumbnail

COP26 updates: Bill Gates’ Breakthrough Energy, Gates Foundation and Amazon tout climate efforts

GeekWire

On Tuesday, the Microsoft co-founder took the stage in Glasgow to announce a pledge of $315 million from the foundation to support agricultural research to help farmers in the developing world cope with climate change, as well as an update on the progress being made through his Breakthrough Energy initiative. Amazon and Bezos.

Energy 98
article thumbnail

Why Financial Services Firms are Championing Natural Language Processing

CIO Business Intelligence

Those numbers represent the projected growth of chatbot interactions among banking customers between 2019 to 2023 and the cost savings from 862 hours less of work by support personnel, according to research by Juniper Research. billion of global investments in AI by 2026, according to Markets and Markets. by 2025, according to IDC.