AI in investment and financial services
Technology can improve customer service, ID checks and fraud prevention but concerns remain over decision making and impersonation
Fintech, Artificial intelligence
EY expects more failing grades from US audit inspectors
Big Four firm’s initial estimates show jump in deficiencies found in work by overseas auditors
Financial & markets regulation
Artificial intelligence in business: an explainer
Training machines to carry out human tasks will bring more efficiencies, job losses and risks. Here, FT journalists explain the potential of generative and God-like AI and the likely impact on industry sectors, in Q&As and graphics Supported by Infosys
Artificial intelligence
Young adults in the UK rely on social media to access news, regulator finds
TikTok was the most-used single source for children aged 12 to 15
Social Media, Digital Media
Myths are clouding the reality of our sustainable energy future
There are challenges to overcome in building a net zero system but we must allay groundless fears
Renewable energy, Electric vehicles, Batteries
Fed fines Deutsche Bank $186mn over failure to fix control flaws
German lender had pledged to deal with ‘unsafe and unsound practices’ on handling sanctions and money-laundering
Central banks, Financial & markets regulation
Tesla profit margins slip as price cuts weigh on earnings
Electric-car maker’s profitability still holds up better than some analysts had expected
Electric vehicles
Netflix’s password-sharing crackdown pays off with nearly 6mn new subscribers
Streaming service cites ‘steady progress’ towards its goal of reinvigorating growth amid fierce competition
Digital Media
Wall Street banks spend over $1bn on severance costs amid sharp job cuts
Executives pay steep price to unwind overexpansion during Covid-19 pandemic
Investment Banking
UK car industry hopes £4bn Tata gigafactory electrifies the sector
Planned investment provides a boost for an industry struggling with the transition to EVs
Electric vehicles, Batteries