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Welcome to our weekly edition of AI & Finance™!
Friends, we're back at it this week with more news in the AI sector, a $300M VC funding round to report amd a deep dive into AI-Washing, and why it's so vapid. We're also launching a new column this week - AI Illuminations - from the team at JIFFY.ai. Their first post here delves into Cognition-as-a-Service and goes on to further explore the importance of corporate culture, including technology implementation, when it comes to recruiting Gen Zs. FASCINATING!..... CHECK IT ALL OUT BELOW!
We promised last week that we would bring you some tips to avoid the "AI-washing" trend happening across the economy right now, so here's the first one: Check out the companies in the DWN AI Index, who are all well-established tech incumbents recognized as leaders in AI. Such carefully constructed indexes probably won't be the fastest way to find the AI unicorn that's going to explode 10,000-times in value or price over the next few years, but it will find you the companies perhaps best positioned to take advantage of the new technology's accelerating tailwinds. Meanwhile, click here to view more than 15 AI and Finance headlines from across the financial and technology industries...CONTINUE HERE
Each week we find a new topic for our readers to learn about in our AI Education column. This week we were inspired by our AI & Finance news column from last week to delve further into the concept of "AI-Washing". And as per usual, we have a personal anecdote to share here, on how this technology works...
"With outdated processes and technology where humans support everything, delays are inevitable. Now, machines can do several tasks much faster and more accurately. When you partner with AI and CAAS, the possibilities are endless," according to Michael Partnow, Group President, Wealth Management at JIFFY.ai
The week's funding round winners were companies offering the following: A cutting-edge robotic solutions powered by artificial intelligence | An AI hardware acceleration technology | An AI-based gun detection video analytics platform | An AI-driven primary care platform & Generative AI solutions for enterprises
Thanks to AI, Google's emissions targets are (way) off | Brazil's regulator cut off Meta's data training plans | Tesla unveiled its humanoid robot in China (from behind a glass casing) | The United Nations called for global AI cooperation....CONTINUE HERE TO VIEW AND SIGN UP
Source: thefinancials.com | Updated every 30 minutes, M-F during market hours
The DWN AI Index™ is a benchmark stock index of the artificial intelligence (AI) sector. The index is comprised of a diversified group of stocks deriving a significant percentage of their revenue from AI applications. REVIEW HISTORICALS HERE
STOCKS COMPRISING DWN AI INDEX:
Amazon (AMZN) * Arista Networks (ANET) * AI (C3.ai) * CrowdStrike Holdings (CRWD) * Duolingo (DUOL) * iRhythm Technologies (IRTC) * Microsoft Corporation (MSFT) * NVIDIA Corporation (NVDA) * Palantir Technologies (PLTR) & * Taiwan Semiconductor * Manufacturing (TSM)
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