AI is transforming the banking industry, but the expected benefits and savings come at great human cost with the impact on finance jobs. The report, a collaboration between digital bank Zopa and Juniper Research, forecasts that generative AI will deliver £1.8 billion in cost savings by 2030, driven by an equivalent level of investment. However, […] The post Zopa: AI to automate banking, threaten finance jobs appeared first on AI News.| AI News
Elon Musk’s X and xAI are taking on Apple and OpenAI, accusing the tech giants of an AI monopoly to crush their competition. A lawsuit by the companies filed in a Texas federal court claims the exclusive partnership between Apple and OpenAI to put ChatGPT on the iPhone is a calculated move by “two monopolists […] The post X and xAI sue Apple and OpenAI over AI monopoly claims appeared first on AI News.| AI News