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Welcome to our weekly edition of AI & Finance™!
Friends, I truly think we have a powerful and credible formula at AI&Finance for MUST READ content on AI. We have sector news snippets, thought leadership on regulations, our proprietary DWN/AI Index of leading stocks in AI/ML, VC fundings and our Daily AI general news content as well. All PHENOM, IMO. But this week's education column from Chris Robbins on Explainable AI is truly outstanding and well worth your time to review... CHECK IT ALL OUT BELOW!
Happy Autumn, it's time for a pumpkin-spiced edition of AI & Finance-and we do have a good number of financial artificial intelligence headlines to share this week. First, however, we'd like to go over a couple of newly released surveys laying bare what's at stake in financial AI. The first, from investment management tech provider Boosted.ai, found that most young, wealthy North Americans are already using AI extensively and expect to encounter it in their wealth management customer experience... CONTINUE HERE
Explainable AI, sometimes abbreviated as XAI, is distinct from AI in general in that it shows its work-all of it. Per IBM: "Explainable artificial intelligence (XAI) is a set of processes and methods that allows human users to comprehend and trust the results and output created by machine learning algorithms"...CONTINUE HERE
This week's top reported deal, per FinSMEs, came in at $75 million from the artificial superintelligence (ASI) sector, where Harmonic's Series A round will facilitate its "rapid growth." The second biggest announcement was in security, where Torq brought in a $70M Series C round. The top five also included three companies in the medical laboratory, autonomous worker and healthcare large-language model space... CONTINUE HERE
The European Union's strict approach to artificial intelligence regulation is starting to shake up the tech world, affecting market access and possibly the bottom line of some major tech companies. While the EU's AI Act aims to protect consumer rights and data privacy, it's causing concerns for AI-forward companies like Apple, X (formerly Twitter), and Meta.... CONTINUE HERE
Meta revealed an upgrade to its Llama model | OpenAI's Sam Altman may be in for a big payday | The FTC came hard for hyped AI firms | Plus, our cousins across the border in Canada are looking for an AI framework | Also, AI-based learning is coming to Italian schools (read on to find out how).... CONTINUE HERE
Smarsh, a Portland, Oregon-based tech company that enables regulated organizations to capture, archive and monitor data from business communications, recently unveiled an AI-powered tool that emulates compliance professionals to streamline the review, escalation and disposition of alerts generated within Smarsh's Enterprise Conduct Surveillance solution... CONTINUE HERE
Financial services industry veteran Michael Partnow in partnership with Digital Wealth News (DWN),and its AI&Finance content platform, today announced the inaugural Big Sky | AI Roundtable will be held Oct. 23-24 at the historic Baxter Hotel in Bozeman, Montana. The invitation only event (already sold out) kicks off with a cocktail party and fireside chat with conference co-host Michael Partnow, and Lori Hardwick, Senior Strategic Advisor of Genstar Capital. Ms. Hardwick also currently serves as the board chair of Vestwell and Docupace and is a board director at Orion, Cetera and Cerity Partners.... CONTINUE HERE
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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