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Fifth Third Bancorp agreed to buy Comerica Inc. for about $10.9 billion in stock, the largest US bank deal this year and a sign that the logjam blocking big mergers in the industry may have broken under the Trump administration’s deregulation efforts.
Nvidia Corp. will invest as much as $100 billion in OpenAI to support building of new data centers and other artificial intelligence infrastructure, a blockbuster deal that underscores booming demand for AI tools like ChatGPT and the computing power to make them run.
Financial institutions big and small are exploring AI, but before diving headfirst into the technology, they are learning from proofs of concept. Florida-based Ocean Bank, for one, is midway through an AI proof of concept (POC) addressing some of its biggest pain points alert volume and investigation time, Alex Sardinas, vice president and regulatory risk […]