Wordsmith Celebrates $14m Series B Extension
Wordsmith has raised a $14 million extension to their June Series B round, led with new investment from Intact Private Capital, alongside existing investors Highland …
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Anthropic IPO filing marks AI maturing into enterprise utility
Anthropic’s IPO filing marks the maturation of generative AI from a research-heavy venture phase into a stabilised enterprise utility. Model developers operating in private markets have prioritised rapid iteration and maximum compute performance over predictable billing cycles. Taking a foundational provider public aligns those engineering goals with standard corporate procurement, introducing structured release schedules and
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Bubble watch: Fashion brand Allbirds pivots hard to become AI services company
If you know the name Allbirds, it’s probably for their longstanding stated commitment to “sustainable shoes and apparel.” Going forward, though, the corporate entity wants to be known for its “long-term vision to become a fully integrated GPU-as-a-Service (GPUaaS) and AI-native cloud solutions provider.” In a news release Wednesday morning, Allbirds announced that it has
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Goldman Sachs sees AI investment shift to data centres
Artificial intelligence investment is entering a more selective phase as companies and investors look beyond early excitement and focus on the data centre infrastructure required to run AI systems. Recent analysis from Goldman Sachs suggests the market is moving toward what the firm describes as a “flight to quality.” In practice, investors are paying closer
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JPMorgan expands AI investment as tech spending nears $20B
Artificial intelligence is moving from pilot projects to core business systems inside large companies. One example comes from JPMorgan Chase, where rising AI investment is helping push the bank’s technology budget toward about US$19.8 billion in 2026. The spending plan reflects a broader shift among large enterprises. AI is no longer treated as a small
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Barclays bets on AI to cut costs and boost returns
Barclays recorded a 12 % jump in annual profit for 2025, reporting £9.1 billion in earnings before tax, up from £8.1 billion a year earlier. The bank also raised its performance targets out through 2028, aiming for a return on tangible equity (RoTE) of more than 14 %, up from a previous goal of above
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Apptio: Why scaling intelligent automation requires financial rigour
Greg Holmes, Field CTO for EMEA at Apptio, an IBM company, argues that successfully scaling intelligent automation requires financial rigour. The “build it and they will come” model of technology adoption often leaves a hole in the budget when applied to automation. Executives frequently find that successful pilot programmes do not translate into sustainable enterprise-wide
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Modernising apps triples the odds of AI returns, Cloudflare says
For many organisations, the AI debate has moved on from whether to adopt the technology to a harder question: why do the results feel uneven? New tools are in place, pilots are running, and budgets are rising, yet clear AI returns remain elusive. According to Cloudflare’s 2026 App Innovation Report, the difference often has less
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BNP Paribas introduces AI tool for investment banking
BNP Paribas is testing how far AI can be pushed into the day-to-day mechanics of investment banking. According to Financial News, the bank has rolled out an internal tool called IB Portal, designed to help bankers assemble client pitches more quickly and with less repetition. Pitch preparation sits at the centre of investment banking work.
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AI business reality – what enterprise leaders need to know
When JPMorgan Asset Management reported that AI spending accounted for two-thirds of US GDP growth in the first half of 2025, it wasn’t just a statistic – it was a signal. The conversation reached a turning point recently when OpenAI CEO Sam Altman, Amazon’s Jeff Bezos, and Goldman Sachs CEO David Solomon each acknowledged market
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