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LATEST

Nscale’s £2bn UK data centre hit by grid delays●Iconic burger chain closes 89-year-old restaurant for good●Welcome To The ‘Show Me’ Era: Sapphire Ventures’ Anders Ranum On What Separates Winning AI Startups From The Rest●Futu expects mainland brokerage business to shrink but vows to keep Hong Kong outlets●Economists Warn of A.I. Threat●ICICI Pru AMC Q1 results: Profit jumps 23% YoY to ₹964.63 crore●Moneybox crowned Europe’s newest unicorn as it gears up to test London’s Pisces market●India's inflation accelerates to 4.38% in June, exceeding forecasts●Nscale’s £2bn UK data centre hit by grid delays●Iconic burger chain closes 89-year-old restaurant for good●Welcome To The ‘Show Me’ Era: Sapphire Ventures’ Anders Ranum On What Separates Winning AI Startups From The Rest●Futu expects mainland brokerage business to shrink but vows to keep Hong Kong outlets●Economists Warn of A.I. Threat●ICICI Pru AMC Q1 results: Profit jumps 23% YoY to ₹964.63 crore●Moneybox crowned Europe’s newest unicorn as it gears up to test London’s Pisces market●India's inflation accelerates to 4.38% in June, exceeding forecasts●

Emerging Markets

Brazil’s Banks Will Spend $10 Billion on Tech in a Race for AI

The Rio Times · 1h ago · 🇧🇷 Brazil

Brazil’s Banks Will Spend $10 Billion on Tech in a Race for AI

Technology Key Facts —The spend. Brazil bank technology budgets will reach R$50.4 billion ($9.8bn) in 2026, an 8 percent rise on the year. —The trend. Tech budgets have grown 58 percent over five years, as banks reposition themselves as technology firms. —The priorities. Cybersecurity ranks top at all banks surveyed, with cloud and generative AI […] The post Brazil’s Banks Will Spend $10 Billion on Tech in a Race for AI appeared first on The Rio Times .

Read the full story at The Rio Times →

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