Finance news

Google Cloud has launched its U4 compute family, specialized servers designed for ultra-low latency workloads. This move aims to bring high-frequency trading, an industry that relies on speed, from private data centers into the public cloud.

The head of the Financial Stability Board warned G20 officials that advanced AI makes cyberattacks cheaper and faster. This could create a systemic risk for the entire global financial system, requiring firms to boost their defenses.

A major Danish pension fund has blacklisted SpaceX, preventing further investment due to what it calls 'catastrophic governance.' The decision highlights growing investor scrutiny over corporate governance and internal controls, even at high-profile private tech companies, signaling a broader trend for the industry.

A new report shows 68% of financial services firms are getting a positive return on their generative AI investments. This signals a major shift from experimental projects to AI systems that deliver measurable business value.

The North Korea-linked Lazarus Group is using a new memory-only malware called RemotePE to attack financial and cryptocurrency organizations. The malware is part of a multi-stage attack that uses advanced fileless techniques, making it difficult to detect with traditional security tools.

Standard Chartered plans to cut over 7,000 jobs by 2030, replacing what its CEO calls "lower-value human capital" with AI and automation. The bank states this is an investment in technology, not just a cost-cutting measure, and will offer retraining opportunities to affected staff.