Citigroup

Headlines · 4

1. 18h
   Schwab, JPMorgan, Citi, BofA block AI agents from moving client money

   Charles Schwab CEO Rick Wurster told Bloomberg Television that the brokerage blocks outside AI agents, including Meta's Muse, from moving client money, arguing that once a customer hands over a password neither side can control the agent and liability is unclear. Schwab will instead let outside models read balances and do research through controlled MCP servers, without moving money, and steer customers to its own assistant Charley, announced 30 September; Wurster said big agents are blocked in the tens and twenties each week. JPMorgan's Jamie Dimon said the bank will not let outside agents act inside its systems, the Financial Times reported Citigroup bars third-party agents from logging in or transacting on its platform, and Bank of America's Brian Moynihan wants human sign-off before money leaves an account. Apollo's Torsten Slok warns agents could sweep cash from 0.1%-yield checking into 3.3%–5% accounts; JPMorgan, Bank of America and Wells Fargo hold about $1.6 trillion of non-interest-bearing deposits, 16% of their liabilities.

   Bloomberg Technology · 🔥 49
2. 2d
   Nvidia-backed AI drug developer Iambic prices IPO at $16 a share

   AI drug discovery company Iambic Therapeutics said on Oct. 14 local time that it priced its initial public offering at $16 per share, offering 9.375 million shares to raise an expected $150 million, with underwriters granted a 30-day option for up to 1.40625 million additional shares. The stock is expected to list on the Nasdaq Global Select Market on Oct. 15 under the ticker "IAM," with the offering slated to close Oct. 16; JPMorgan, Jefferies, BofA Securities and Citigroup are joint bookrunners. Iambic uses AI alongside automated chemistry and biology experiments to speed drug development, and its candidate IAM1363 has entered clinical trials; Nvidia was among its backers.

   36氪快讯 · 🔥 0
3. 3d
   Cerebras: fast inference, slow delivery as OpenAI ties draw scrutiny

   OpenAI CEO Sam Altman recently posted on social media describing Cerebras as a partner, with the two working on the frontier of inference speed, and Cerebras shares rebounded in premarket trading; the move followed a sharp drop reportedly triggered by word that OpenAI used Nvidia chips for the Ultrafast mode of GPT-6.1 Sol. Citing disclosed figures, the article says Cerebras reported roughly $510 million in fiscal 2025 revenue, up about 75.7% year over year, with $237.8 million in net profit; second-quarter cloud revenue reached $126 million, up 52% quarter over quarter, including $56.8 million recognized from OpenAI, about 32% of quarterly revenue. It also notes about $392.8 million in negative free cash flow and a roughly $25.4 billion backlog as of end-June, of which only about 22% is expected to be recognized within 24 months and 43% in months 25–48, while the top three customers accounted for 76% of second-quarter revenue.

   MIT科技评论中文 · 🔥 0
4. Oct 9
   IBM ties enterprise AI orchestration to production readiness

   Bruno Aziza, IBM group VP of software, data, AI, automation and security, told theCUBE that enterprise AI orchestration has to connect agents to the data, applications and infrastructure companies already run, with continuous visibility and oversight — warning that employee-built agents will outpace what IT can manage. He said IBM's AI operating model links agent orchestration, data integration, hybrid operations and sovereignty, while its Sovereign Core product maps more than 200 compliance frameworks to controls. Those deployment questions will be discussed at IBM TechXchange 2026, held Oct. 26–29 in Atlanta, with customer examples from Citigroup, CVS Health and DoorDash.

   SiliconANGLE AI · 🔥 0

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