Despite today's drop in software and data companies, the UK's FTSE 100 share index is down just 0.07% this session as investors rotate into other sectors. Worryingly, that pattern "echoes what we saw in 2000 as the dot-com bubble started to burst", analysts at Deutsche

Investor excitement over artificial intelligence reached a new peak this week when better-than-expected results from chipmaker Nvidia drove stock markets in three continents to record highs. The rally began on Thursday and continued into Friday, as Nvidia overtook Google's parent group, Alphabet, to become the third most valuable company in the US. Its market capitalisation hit 2tn ( 1.58tn), surpassed only by Microsoft and Apple. The artificial intelligence (AI) boom has raised many questions, not least over safety and the impact on jobs, but there are also concerns that it might be driving unsustainable market exuberance. Here we look at the latest share price rise and whether it can be maintained.

There are many exciting advancements made in the field of artificial intelligence (AI), like machine learning at the edge, explainable AI, and adversarial machine learning. This rapid progression of AI is accelerating industry innovations, including medical imaging, speech recognition, robotics, logistics, and cybersecurity. While many enterprises are exploring new use cases and possibilities for AI, a considerable number of IT teams, business units, and stakeholders still need to familiarize themselves with AI and analytics technology. Businesses require a platform that gives them access to catalogs of AI tools and information to guide them along their AI journey and help them accelerate and implement AI technologies at scale. Ronald van Loon is a NVIDIA partner and had the opportunity to discuss the new release of NVIDIA AI Enterprise 3.0 to support and accelerate business AI workloads.

Deutsche Bank has announced a multi-year innovation partnership with NVIDIA to accelerate the use of artificial intelligence (AI) and machine learning (ML) in the financial services sector. Combining Deutsche Bank's financial industry expertise with NVIDIA's leadership in AI and accelerated computing will hasten the development of a broad range of regulatory-compliant AI-powered services. The partnership will support Deutsche Bank's cloud transformation journey, for example by using AI and ML to simplify and accelerate cloud migration decisions. "AI, ML and data will be a game changer in banking, and our partnership with NVIDIA is further evidence that we are committed to redefining what is possible for our clients," says Christian Sewing, CEO, Deutsche Bank. "This partnership is a significant step forward in our AI and ML ambitions. It will help us take a leading position in the usage of these technologies in financial services," adds Bernd Leukert, Deutsche Bank's Management Board Member responsible for Technology, Data and Innovation.

Deutsche Bank is looking to deploy artificial intelligence (AI) acceleration technology from Nvidia to power financial services applications. The bank hopes AI will improve its efforts to serve customers worldwide and enable it to build new data-driven products and services, increase efficiency and recruit tech talent. Using Nvidia AI Enterprise software, Deutsche Bank said its AI developers, data scientists and IT professionals would be able to build and run AI workflows in hosted on-premise datacentres as well as on Google Cloud, which the bank uses as its public cloud provider. The bank plans to use the latest version of Nvidia's enterprise AI tool – AI Enterprise 3.0. This introduces workflows for contact centre intelligent virtual assistants, audio transcription and digital fingerprinting for cyber security.

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Deutsche Bank has partnered with payments behemoth Visa to strengthen its online retail fraud prevention resources. The collaboration makes Visa-owned company Cybersource's automated fraud detection system, Decision Manager, available to merchants who process their e-commerce payments via Deutsche. With Decision Manager, merchants will benefit from artificial intelligence-based calculations of risk value for each transaction to discover patterns and strategies. The application leverages an advanced risk model and global data intelligence from billions of data points of the Visa network to block fraudulent transactions and accelerate verified ones. According to Cybersource, Decision Manager prevented the equivalent of more than $22bn in potential fraud worldwide in 2021.

Nitin Rakesh, a distinguished leader in the IT services industry, is the Chief Executive Officer and Director of Mphasis. For centuries, banks demonstrated expertise in keeping, lending and saving money. In return, customers followed a bank's regulations. This included how banks stipulated interest rates for lending, identified creditworthy cohorts and facilitated banking transactions. Fast-forward to 2020, and banks are now viewed under the same lens as customer-facing organizations like movie theatres, restaurants and hotels.

Sustainable finance technology solutions provider Arabesque announced a series of high-profile senior appointments today, including the addition of former Deutsche Bank CEO Jürgen Fitschen to the board of AI-based sustainability data and insights services provider Arabesque S-Ray. Additionally, the company has appointed former Allianz COO Dr Christof Mascher and Dr Lars Jaeger, the head of Alternative Risk Premia at GAM Systematic, to the Senior Advisor Committee of AI-based portfolio management tool provider Arabesque AI. "Arabesque is on a path to help transform finance and industry by the intelligent application of market-leading sustainability know-how and innovative technology. It's an approach based on the understanding that ESG and AI will re-shape the global marketplace over the next decade." "I am delighted to welcome Mr Fitschen, Dr Mascher and Dr Jaeger as new Senior Independent Advisors at Arabesque, all three of them global leaders in their field with exceptional careers. Their wealth of experience at the forefront of finance and digital transformation will be invaluable as we grow to become the leading sustainable technology company."

Nitin Rakesh, a distinguished leader in the IT services industry, is the Chief Executive Officer and Director of Mphasis. For centuries, banks demonstrated expertise in keeping, lending and saving money. In return, customers followed a bank's regulations. This included how banks stipulated interest rates for lending, identified creditworthy cohorts and facilitated banking transactions. Fast-forward to 2020, and banks are now viewed under the same lens as customer-facing organizations like movie theatres, restaurants and hotels.