Welcome to this week’s AI Finance Revolution, where we unpack the latest breakthroughs at the intersection of artificial intelligence and capital markets. In the past seven days, global banks have deployed generative-AI at scale, startups have secured fresh funding to redefine accounting and supply-chain operations, and industry leaders have sharpened their vision for explainable, trustworthy models. Dive in for ten top headlines you need to know, a spotlight on a productivity-boosting tool, expert perspectives from the frontlines, a primer on a crucial AI concept, and a curated list of must-attend events to stay ahead of the curve.
Scroll down, grab what matters, and step into the week fully briefed.
Top AI and Finance News
Goldman Sachs launches AI assistant firmwide
Goldman Sachs has rolled out its generative AI-driven “GS AI Assistant” to approximately 10,000 employees, equipping traders, analysts, and support staff with a tool to summarize complex documents, draft content, and perform data analysis, signaling its drive to streamline internal workflows. Read moreDot Ai to Begin Trading on Nasdaq
Supply-chain AI specialist Dot Ai (ticker: DAIC) officially listed on the Nasdaq on June 23, leveraging its proprietary AI, IoT, and cloud-integration platform to optimize logistics and operational security across multiple industries. Read moreCampfire raises $35 M Series A for Tiny AI ERP
Campfire, an AI-powered accounting and ERP startup, closed a $35 million Series A led by Accel on June 30 to expand its automated bookkeeping, invoice reconciliation, and expense-management platform aimed at startups and SMBs. Read moreGenesis AI emerges with $105 M seed to power robotics
Genesis AI launched from stealth on July 1 with $105 million in seed funding co-led by Eclipse Ventures and Khosla Ventures to build foundational AI models for robotic applications—an offering that could extend to automated trading, asset management bots, and operational robotics in banking. Read moreMicron forecasts revenue above estimates on AI-driven chip demand
Micron Technology reported on June 25 that its fourth-quarter revenue outlook exceeds Wall Street forecasts, driven by robust demand for high-bandwidth memory (HBM) chips used in AI data centers and fintech analytics platforms. Read more: reuters.comPangram raises $4 M to detect AI-generated text
Pangram, founded by ex-Tesla and Google engineers, secured $4 million in seed funding on June 24 to enhance its AI-text detection tool, helping financial institutions and regulators combat fraud and ensure compliance in customer communications. Read moreChina names Zou Jiayi next AIIB president
On June 24, Beijing confirmed Vice Finance Minister Zou Jiayi as the next president of the Asian Infrastructure Investment Bank, where she’ll spearhead AI-driven credit scoring and risk-analysis initiatives across major cross-border projects. Read morexAI raises $10 B in debt and equity
Elon Musk’s xAI announced a combined $10 billion raise on July 1—$5 billion in debt and $5 billion in strategic equity from Morgan Stanley, to fund its Grok AI platform and the construction of one of the largest AI data centers. Read moreMicrosoft and OpenAI duel over AGI contract clause
Microsoft is pressing OpenAI to remove a clause voiding Microsoft’s access if OpenAI achieves AGI, a dispute highlighting the high stakes of future financial licensing deals for super-intelligent models. Read moreTech lobby urges EU to pause AI Act
CCIA Europe backed by Alphabet, Meta, and Apple—called on June 25 for a five-year moratorium on EU’s AI Act implementation, warning that hasty regulation could stifle innovation in AI-powered financial services. Read more
Educational Corner
Explainable AI (XAI)
What it is: Techniques that make AI decision-making transparent and understandable to humans.
Plain English: XAI provides clear reasons why an AI model made a particular prediction or recommendation, critical for trust in financial scoring, lending decisions, and regulatory reporting.
Why it matters: Financial regulators demand clear audit trails for automated credit decisions and fraud-detection models; XAI ensures accountability, compliance, and customer trust.
Expert Insight
“True innovation is about expanding the possibilities for those that we serve, and having the courage to reimagine what banking can be.”
Context: Lau reflects on how AI can transform banking from transactional to holistic, life-stage financial services
Upcoming Events (next 3 months)
WeAreDevelopers World Congress 2025 – 9 – 11 Jul 2025 | Berlin, in-person
Europe’s largest developer congress now includes AI-in-finance sessions, hands-on workshops and a 40 000-sqm tech expo—ideal for teams exploring AI tooling and talent. More at: https://www.wearedevelopers.com/world-congressTechCrunch All Stage
July 15, 2025 • In-Person (Boston, MA) – Founders and VCs discuss scaling AI-powered startups. Register at techcrunch.com/all-stageFinTech Unleashed New York
August 4–5, 2025 • In-Person (New York, NY) – Insights on AI in payments, banking, and wealth management. More at fintechunleashed.comFMLS Finance & AI Symposium
August 12, 2025 • Virtual – Expert panels on AI risk management and algorithmic trading. Details at financialmanagementseries.comFinovateFall
September 16–18, 2025 • In-Person (New York, NY) – Live demos of AI-driven fintech innovations. Info at finovate.com/finovatefallAI-in-Banking Summit Europe
September 10, 2025 • Hybrid (London & Virtual) – Best practices for AI in retail and commercial banking. Register at aibankingsummit.comFinTech Festival Singapore
September 19–23, 2025 • In-Person (Singapore) – Global showcase of AI-enabled financial services. See fintechfestival.sgS&P Global AI in Finance Summit
August 20, 2025 • Virtual – Strategies for AI-driven asset management and risk analytics. RSVP at spglobal.com/aisummit