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Madrona backs WaFd Bank spinout developing consumer software for regional banks

GeekWire

From left: President Dustin Hubbard, Developer Kateryna Masiuk, Production Support Vlad Vasic, Automation Tester Varsha Chaurasia, Solutions Architects Sreedhar Pamidiparthi and Prasad Mandadapu, Technical Product Manager Victoria Kruse, and Developer Clint Bush. The goal is to help community banks stay competitive with giants like J.P

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Will enterprises soon keep their best gen AI use cases under wraps?

CIO Business Intelligence

“Suddenly, you can create engaging customer-facing videos at the click of a button,” says Oliver Banks, retail consultant and author of Driving Retail Transformation: How to navigate disruption and change. The new ads were created very quickly,” says Banks. And software code is a language.”

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McKinsey report details how hybrid work is ‘here to stay’ and the ripple effects on real estate

GeekWire

banks, particularly community or regional banks. A survey by S&P Global showed that most top office lenders upped their exposure last year, but nine out of 17 banks with office loans of at least $400 million reduced their quarter-over-quarter exposure in the fourth quarter due to weakened demand and macroeconomic conditions.

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Seattle-area office market ‘clearly struggling’ and ‘highly volatile’

GeekWire

The Space Needle disappears behind the Seattle grey as construction continues in the South Lake Union neighborhood. The report from Kidder Mathews cited inflation and rising interest rates as additional headwinds for the commercial real estate industry, which is facing increasing scrutiny following recent bank failures.

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Seattle tech co. breaks ground on world’s first ‘net zero energy’ high-rise apartment building

GeekWire

Sustainable Living Innovations , a Seattle tech company that’s created a new way to build commercial structures, broke ground Thursday on a 15-story development that’s pegged as the world’s first “net zero energy” high-rise apartment building. Collins didn’t provide exact numbers on cost. SLI Image).

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Amazon opening new Fresh grocery location in North Seattle plaza; another planned south of city

GeekWire

A view of a new Amazon Fresh store under construction in North Seattle along Aurora Avenue North at North 130th Street. Signage is in place at the store which is still under construction at 13025 Aurora Ave. Workers are seen inside an Amazon Fresh store under construction in North Seattle. GeekWire Photo / Kurt Schlosser).

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CIOs in financial services embrace gen AI — but with caution

CIO Business Intelligence

Genpact, a major business and technology services company that assists banks such as JP Morgan and Goldman Sachs, is already utilizing AI. Banks have to get ready to take the step forward.” CIO Tiago Azevedo of Boston-based low-code development platform OutSystems agrees. “In However, developing and deploying an LLM is costly.

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