Browsing: Sparks

Trouble for the nation’s second-largest bank went mainstream this October when the U.S. Department of the Treasury alleged Bank of America (BofA) put its revenues over safety regulations with weak anti-money laundering and sanctions practices. The combined penalties levied against the bank from the Financial Crimes Enforcement Network (FinCEN), the Office of the Comptroller of…

OpenAI has reportedly issued a cybersecurity warning to organizations, highlighting the growing risks businesses could face as cyber threats become increasingly sophisticated. The company is encouraging organizations to strengthen their digital security infrastructure by adopting advanced AI-powered cybersecurity solutions designed to identify, prevent, and respond to potential attacks.

Shopify co-founder Tobi Lutke, 45, has seen his net worth reach $15 billion, up roughly $5 billion since July, per Bloomberg’s index of the ultra-wealthy. Most of that comes from his Shopify stake. On Canada’s wealth ladder, only Galen Weston, heir to a grocery empire nearly 150 years old, and Sherry Brydson of the Thomson…

Artificial intelligence is delivering substantial productivity gains in Chinese enterprises, according to new ILO research examining how firms are adopting the technology. But the findings also point to concerns over skills gaps, job displacement and the impact of AI on workers’ future incomes.