JPMorgan alerts that AI skyscrapers are being built on digital quicksand ๐ค๐๏ธ; Mastercard is embracing stablecoin revolution ๐ช๐ค; Banks finally offload $13B in ๐ debt ๐๐ฐ
FinTech is Eating the World, 30 April
Hey Everyone,
Good morning & happy Wednesday! Todayโs issue is incredibly interesting as weโre looking into the banking giant JPMorgan, which alerts everyone that AI skyscrapers are currently being built on digital quicksand (risks everyoneโs ignoring & lessons to learn for everyone in FinTech + bonus dives into how JPM is using AI & the ultimate beginner guide to AI), Mastercard thatโs embracing stablecoin revolution with its new end-to-end crypto payment ecosystem (what itโs all about & what to expect next + bonus dive into the ulmiate list of 110+ stablecoin use cases), and banks that finally offloaded $13 billion in ๐ debt (quick recap of the financial engineering here + a bonus dive into x/xAI combo that Musk is going all in with now). Letโs just jump straight into the game-defining stuff ๐ถ๏ธ
JPMorgan alerts that AI skyscrapers are being built on digital quicksand ๐ค๐๏ธ
The news ๐๏ธ Banking giant JPMorgan Chase's JPM 0.00%โ Chief Information Security Officer, Patrick Opet, has recently released a critical open letter warning that companies are rushing to deploy AI without understanding the serious security implications, particularly when built on top of already vulnerable SaaS ecosystems.
He isn't mincing words. The way we use SaaS & cloud is fundamentally broken, creating a massive blind spot.
Letโs take a quick look at this and uncover the key insights & lessons.