International Consortium of Investigative Journalists

Massachusetts sues Bitcoin Depot, alleging the crypto ATM operator knowingly facilitated crypto scams

The Massachusetts Attorney General’s lawsuit is the latest in a series of state legal actions against one of the world’s largest crypto ATM operators.
Financial IT

Your Treasury AI Just Approved 50 Perfect Transactions. That's the Problem

The typical failure pattern is predictable. A treasury team deploys an AI forecasting tool, but forecasts are inaccurate and the vendor gets blamed. But if the organisation has five definitions of ...

IBM's $40B stock wipeout is built on a misconception: Translating COBOL isn't the same as modernizing it

Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market ...

Anthropic’s COBOL tool triggers worst single-day drop in 25 years in IBM's stock price: What it is and why it wiped billions of dollar for IBM

IBM shares suffered their worst single-day drop in over 25 years on Monday, February 23 after AI startup Anthropic announced ...