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Morgan Stanley cuts 2,500 roles as revenues hit record highs. The 3% reduction spans banking, trading, wealth, and investment management, excluding financial advisors. The bank has touted internal GPT-4 tools that automate research and meeting notes, raising questions about how productivity gains are reshaping staffing.
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Research commissioned by Alliance Manchester Business School finds 73% of UK senior decision-makers say their roles have become more complex since 2020, with artificial intelligence, cybersecurity risks, economic conditions, regulation, and shifting workplace expectations all contributing to the growing demands placed on leaders.
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Nvidia says its OpenAI and Anthropic investments may stop now. At a Morgan Stanley conference, CEO Jensen Huang called a $100bn OpenAI cheque “probably not in the cards,” confirming a $30bn investment instead. He added Nvidia’s $10bn Anthropic stake “probably will be the last as well.”
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GH05T is expanding its reputation offer with a Reddit focus. The agency says peer-led discussions increasingly shape brand perception as AI tools summarise the web. Its approach will track sentiment, spot misconceptions, and advise response strategy. Data shows rising Reddit usage and Google referrals, reinforcing the platform’s role in discovery.
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UK contactless payment caps end nationwide on 19 March 2026. Banks can set their own limits, but must prove risk controls. With the blunt backstop gone, fraud monitoring, real-time analytics, and customer settings will matter more — and larger institutions may move first while others keep £100 until systems mature.
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New IBM Threat Intelligence report highlights AI-assisted attacks on corporate networks. The report observes a 44% rise in assaults launched by breaching internet-facing infrastructures, including public websites and online services.
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Gucci faces backlash for using AI images at Milan show. The Italian luxury brand’s use of AI-generated visuals for Milan fashion week has sparked criticism over concerns about its impact on craftsmanship and heritage.
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Basware is expanding InvoiceAI with agentic tools for accounts payable. The company says new agents in its invoice lifecycle management platform will automate supplier disputes and help AP teams resolve payment queries, as finance leaders report rising pressure to show measurable AI returns.
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WiseTech will cut 2,000 jobs as AI reshapes operations globally. The Australian logistics software group says roles will go over FY26 and FY27, with product and development and customer service teams reduced by up to 50%. The plan follows an earnings update and an accelerated AI transformation programme.
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Meta agrees multi-billion-dollar deal for AMD AI computing power. Meta has committed to a significant investment in AMD’s AI computing capabilities, potentially acquiring a 10% stake in the chipmaker. The agreement highlights Meta’s ambitious AI infrastructure expansion plans.