🧵 4. Banks are racing to embrace AI technology to stay competitive in a $7.5 trillion-a-day market, while questions remain about complete automation and human oversight.

🧵 3. James Robinson, a machine learning expert, leads ING's AI initiative, aiming to streamline operations in the global currency market and reduce costs.

🧵 2. The AI model uses reinforcement learning to mimic humans' pricing decisions, performing beyond expectations and prompting a focus on developing more AI solutions.

🧵 1. Brace for layoffs as ING's new AI model outperforms humans in pricing currencies, freeing up resources and leading to a shift towards AI in finance. #fintech

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🧵 5. No traffic penalties issued on Atal Setu so far. Cameras only alert for insufficient FASTag balances and illegal stopping, awaiting ITMS certification.

🧵 4. Mumbai Trans Harbour Link's cameras not certified for traffic challans due to limitations in detecting violations. Authorities urged to upgrade ITMS system.

🧵 3. Atal Setu, India's longest sea bridge, reduced travel time but lacks in traffic enforcement. Cameras unable to catch speeding and safety violations.

🧵 2. Maharashtra transport department found Atal Setu cameras incapable of detecting violations like speeding. Cameras failed accuracy tests on sea bridge.

🧵 1. Cameras on Mumbai's Atal Setu fail to detect traffic violations in 9 months, no penalties issued since opening. Official calls for system upgrade. #fintech

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🧵 5. The initiative aligns with growing interest in nuclear energy, as seen with efforts to revive Three Mile Island and support clean energy solutions.

🧵 4. OpenAI's plan includes partnering with Oklo, a nuclear energy company, to power these data centers and drive the advancement of the project.

🧵 3. Altman seeks global investors and US gov't support for the project which could position the US as a leader in AI innovation globally.

🧵 2. OpenAI aims to construct 5-gigawatt data centers in multiple US states, each consuming as much power as a city, to boost job creation and GDP growth.

🧵 1. Sam Altman of OpenAI proposes massive AI data center build-out to Biden admin for economic, security benefits and to compete with China. #fintech

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🧵 5. OpenAI's surging popularity stems from its ChatGPT tool and GPT language models. Heavy investments in Nvidia GPUs drive the AI services, contributing to $5 billion losses linked to operational costs,

🧵 4. The board is contemplating restructuring OpenAI to a for-profit model while retaining a separate nonprofit segment, sources say. Goals include helping investors and employees achieve liquidity.

🧵 3. OpenAI CFO Sarah Friar confirms oversubscribed funding round expected to close next week. Key departures include tech chief Mira Murati.