View in web-browser
Welcome to our weekly edition of AI & Finance™!
Friends, this will be my last week editing the AI newsletter, but it won't be our last! Starting next week, our new Editor-in-Chief Chris Robbins will be taking the helm of the AI&Finance weekly content and you'll see him at the top of this newsletter moving forward. I can't tell you how excited we are! We consider Chris Robbins one of the leading wealthtech and AI writers in the world, and we're so fortunate to have him on our team! I'll continue editing the DWN newsletter each week, though, so you'll see me "over there" each Wednesday! Anyhoo, more phenom content on the AI revolution for you here... CHECK IT ALL OUT BELOW!
Welcome to another-wait for it-BUSY edition of AI & Finance. This week we have a ton of headlines to deliver your way about financial artificial intelligence, but before we chat about those, we'd like to talk about some of the AI research that's come out recently. In a few of the surveys, there's anxiety about the information security implications of implementing AI in businesses, something all too familiar in the financial services industry where the regulatory compliance burden is still an obstacle to tech adoption. The massive amounts of data that AI will require businesses to process, store and use is a common pain point... CONTINUE HERE
A large language model, which we'll be calling an "LLM" for brevity's sake, is any AI model built to read and understand text-their technology was built around the ability to read. Today's widely used LLMs perform natural-language processing, giving them ability to generate and translate text. Sophisticated LLMs read and write like a human... CONTINUE HERE
This week's top reported deal, per FinSMEs, came in at a whopping $500 million from the software development sector, where poolside's Series B round will fund its AI-assisted developer's toolsets. The second biggest announcement was in the lawtech space, where EvenUp brought in an impressive $135M Series D round. The top five also included three companies in the customer experience, life sciences and production engineering spaces... CONTINUE HERE
AI models consume significant energy. Each ChatGPT query costs about $0.0003 in electricity, at 10 million queries per day, and this is the annual equivalent of powering a small city like Monterey, California... CONTINUE HERE
Our inaugural Big Sky AI Roundtable being held in Bozeman, Montana is less that two weeks away! Below we've recorded some quick videos with our four presenting sponsors in advance of the event, to share what they plan to be presenting at the conference. Check them all out!!
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)
Bozeman • MT • 59715 • USA
https://dwealth.news
Unsubscribe
