M&T Bank has expanded its use of AI by deploying copilots to over 15,000 employees, enhancing operations in areas such as customer service and risk management. This initiative is part of a broader technology overhaul that began in 2018, which saw the bank increase its in-house technology workforce and significantly boost technology spending. The bank uses AI tools like Microsoft Copilot to streamline tasks, while maintaining strict data governance policies. This deployment reflects M&T's commitment to integrating AI into its operations while ensuring data security and human oversight.
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© TechCrunch AIxAI's attempt to dismiss the NAACP's Clean Air Act lawsuit failed after a federal judge ruled that its gas turbines are not exempt mobile sources and that plaintiffs have standing. This legal setback confirms that AI infrastructure operators cannot bypass environmental permitting by classifying heavy industrial equipment as temporary or mobile. The ruling forces xAI to face scrutiny over air quality impacts at its Colossus data center, setting a precedent for how large-scale compute facilities are regulated under existing environmental laws.
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OpenAI is scaling back its ambitions as investor appetite for massive AI infrastructure bets cools. The company has lowered its fundraising target from $30 billion to $20 billion, with only $11 billion secured so far against a valuation that has dropped from $1.4 trillion. This retreat signals a growing wariness among Wall Street investors regarding the capital intensity of the AI race, forcing even the most dominant players to adjust their financial expectations.