
Morgan Stanley uses AI to modernise ancient code
And they said it could not be done
While most of Big Tech is still fumbling with AI tools that choke on COBOL, beancounters Morgan Stanley has quietly rolled out a GPT-based system to deal with the crusty legacy code clogging up its systems.

BitEnergy boffins cut AI power by 95 per cent
All it needs is a special type of hardware
Boffins from BitEnergy AI have emerged from their smoke-filled labs with a new method that they think can cut AI model power consumption by up to 95 per cent.

JPMorgan Chase wants AI help
The future of consulting
The company in the midst of lawsuits claiming that it benefited from participating in Epstein's sex-trafficking scheme, JPMorgan Chase has applied to trademark an AI product called IndexGPT.