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- 1Brookings Study Examines Scale and Risk of AI Infrastructure Buildoutโ๐ฐ Just How Big is the AI Buildout - and How Risky? A new Brookings Institution study notes the "strikingly physical" eco
A new Brookings Institution study examines the enormous physical footprint of the AI boom, from specialized chips and electricity demand to purpose-built data centers, noting that two-thirds of a data center's cost can go into hardware and construction. The report assesses how large the buildout has become and what financial and economic risks it may pose if AI investment slows or falls short of expectations.
- 2S&P Global Enters Onchain Finance via OpenZeppelin DealโS&P Global Expands into Onchain Finance with OpenZeppelin Deal
S&P Global has announced an expansion into onchain finance through a deal with OpenZeppelin, a firm known for smart contract security and infrastructure. The move signals a major ratings and data provider taking a direct step into blockchain-based financial services, drawing attention across traditional finance and crypto circles.
- 3California Regulators Seize Struggling Nano BancโCalifornia Seizes Nano Banc, Ending Years-Long Struggles Culminating in Significant Financial Loss
California's Department of Financial Protection and Innovation has seized Nano Banc, closing the chapter on a bank that struggled for years and ultimately suffered significant financial losses. The state regulator stepped in to take control of the failed institution, marking an end to its prolonged troubles.
- 4Sibos 2026 to spotlight AI's real impact on financeโSibos 2026: Under the hood - where AI will really transform financial services
Attention is turning to Sibos 2026, the annual banking and financial services conference, where discussion will focus on where artificial intelligence will genuinely transform the industry behind the scenes rather than in headline-grabbing ways. The event is expected to examine practical applications of AI in areas such as operations, compliance and risk management across financial institutions.
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San Francisco voters are being asked to consider Proposition B, a ballot measure that would lay the groundwork for creating a city-owned public bank. If approved, the measure would set the stage for the city to explore banking services run by the municipality itself rather than relying on private institutions. Supporters of public banking argue it could keep public money and its benefits within the city, while critics typically raise concerns about cost and financial risk.