Group 1 - HSBC has appointed David Rice as its first Chief AI Officer to enhance the use of generative AI technology across its global operations [1][2] - The bank aims to increase its return on tangible equity to above 17% for the period of 2026-2028 by automating and streamlining processes [2]

DoorDash rolls out emergency relief program as surging pump prices hit gig workers | Reuters Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv A DoorDash delivery person is pictured on the day they hold their IPO in the Manhattan borough of New York City, New York, U.S., December 9, 2020. REUTERS/Carlo Allegri Purchase Licensing Rights, opens new tab Companies DoorDash Inc Follow Purchase Licensing Rights Business Alibaba launches latest agen ...

Core Insights - Alibaba has launched Accio Work, an agentic AI platform aimed at small and medium-sized enterprises (SMEs), which can autonomously manage complex business operations [1][2][3] - The launch of Accio Work comes amid a surge in agentic AI interest in China, driven by consumer trends and the introduction of OpenClaw-based tools [2] - Alibaba is differentiating its AI offerings by focusing on specialized B2B tools rather than generalist platforms, emphasizing security and user permission for high-stakes operations [3][5] Group 1: Product Launch and Features - Accio Work is designed to deploy cross-functional AI teams without the need for coding or setup, contrasting with the consumer-driven AI frenzy [2] - The platform is part of Alibaba's broader strategy to separate its AI businesses from its cloud computing division, leading to the formation of the Alibaba Token Hub [4][6] Group 2: Strategic Positioning and Security - Alibaba's international commerce division aims to mitigate risks associated with agentic AI by focusing on controlled, specialized models that require human approval for critical tasks [5] - The company has introduced Wukong, another enterprise-focused AI platform, which can coordinate multiple AI agents for various business tasks [3]