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EU AI Act: Early prep could give businesses competitive edge

AI News

The EU AI Act is set to fully take effect in August 2026, but some provisions are coming into force even earlier. See also: AI governance gap: 95% of firms haven’t implemented frameworks Want to learn more about AI and big data from industry leaders?

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AI sector study: Record growth masks serious challenges

AI News

billion investment in AI skills, security, and data centre infrastructure, aiming to procure more than 20,000 of the most advanced GPUs by 2026. This support aims to enhance the UK’s infrastructure to stay competitive in the AI market. “The Government support: The government has invested £1.5

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Banking on AI: Fraud Detection, Credit Risk Analysis, and the Future of Financial Services

Unite.AI

According to industry projections, the artificial intelligence (AI) market share in the banking, financial services, and insurance (BFSI) sector is expected to increase by USD 32.97 billion from 2021 to 2026, reflecting the rapid growth and adoption of AI technologies in this domain.

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European instant payments in harmony: Traditional wisdom meets innovative thinking

IBM Journey to AI blog

The SEPA payment will be in your account within 10 seconds, which enforces automation and performance. December 2026: Banks of EU non-Eurozone countries are required to support receiving SEPA instant payments. Easily automate payments and manage cash across the SEPA zone by using your existing banks.

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Predicting the Future of AI Investment in 2024 and Beyond

ODSC - Open Data Science

Currently, these trends are shaped by the pursuit of possible innovation that can result in new market capture in machine learning, automation, and data analytics. Factors influencing VC decisions include the startup’s technological edge, market size, team expertise, scalability, and responsible AI practices.

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Establishing an AI/ML center of excellence

AWS Machine Learning Blog

According to a McKinsey study , across the financial services industry (FSI), generative AI is projected to deliver over $400 billion (5%) of industry revenue in productivity benefits. As maintained by Gartner , more than 80% of enterprises will have AI deployed by 2026.

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Generative AI Trends: Transforming Business and Shaping Future

Chatbots Life

They are followed by marketing and sales (42%), and customer service (40%); 64% expect it to confer a competitive advantage; By 2026, companies focusing on responsible AI could enhance business goal achievement and user acceptance by 50% ; Artificial intelligence disruption may increase global labor productivity by 1.5%-3.0%