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Financial Regulators Fall Behind Banks in the Artificial Intelligence Race

Key Points: Financial firms currently adopt artificial intelligence technology at more than twice the rate of government regulators. Only 24 percent of financial authorities collect data on how banks use these new advanced systems. A massive 76 percent of the financial industry relies almost entirely on models built by OpenAI. Cybersecurity experts warn that new models like Anthropic's Mythos can easily exploit weaknesses in older...

Amazon Prepares for High Stakes Earnings Call Amid Massive Tech Spending

Key Points: Amazon will share its first-quarter earnings this Wednesday alongside massive tech rivals like Google and Microsoft. The company plans to spend $200 billion on artificial intelligence infrastructure this year alone. High gas prices pose a major problem for the shipping industry, potentially costing companies billions. Analysts expect Amazon to report $177.2 billion in total revenue and strong growth in its cloud computing division....

General Motors Raises 2026 Profit Outlook After Massive Tariff Refund

Key Points: General Motors reported an adjusted first-quarter earnings of $3.70 per share, completely crushing the expected $2.62. The automaker booked a massive $500 million benefit after the Supreme Court declared specific presidential tariffs illegal. Despite the ongoing pullback in electric vehicles, which cost the company $1.1 billion, core operations remained highly profitable. Executives raised the full-year 2026 profit guidance to reach between $13.5 billion...