Wednesday, 14 October 2026

Banking & Lending

Wells Fargo uses AI, in some cases autonomous agents, across its operations

Scharf, Wells Fargo's chairman and CEO, said on Tuesday (Oct. 13) during a third quarter earnings call that the bank is devoting "significant management time and resources" to AI. The bank is using AI and, in some cases, autonomous agents to write code faster, launch marketing campaigns faster, and accelerate response times for underwriting decisions and customer complaints. Scharf also said an AI-powered tool streamlines financial advisors’ routine work.

NoteThe list runs from writing code and launching marketing campaigns to customer complaints and underwriting decisions. Scharf also said the bank is taking a disciplined approach to managing risk.

Source: PYMNTS·Share

Models & Labs

Google makes Gemini 4 Argon globally available at an introductory price

Google says Gemini 4 Argon is now globally available for developers and enterprises via the API. The introductory price is $2 per million input tokens and $10 per million output tokens. After the introductory period expires on November 30, 2026, $4 per 1M input tokens and $20 per 1M output tokens will apply.

$2introductory price per million input tokens

NoteFor banks and payment firms, the price is the figure to set against current model bills, and the introductory price ends on November 30, 2026.

Source: Google·Share