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Welcome to our weekly edition of AI & Finance™!
Welcome, friends, to another edition of AI & Finance. As artificial intelligence continues to permeate every aspect of the economy-and our daily lives, too-it's interesting to watch how quickly we're already taking it for granted! Whether you're on the phone, or in a drive through, or surfing the internet, it seems like some form of AI is always in your face-but how often do you think about the technology that is interpreting your voice, or offering up suggestions, or re-routing your calls? AI agents are hard at work, even while you wait.While artificial intelligence might already be a given in many parts of society, here at Digital Wealth News we're still in awe of how quickly the world has embraced it-but don't take my word for it... CHECK IT ALL OUT BELOW!
Given our proximity to the November U.S. general election, in which a new president will be chosen, it might be time to talk a little bit about the implications of the vote for financial AI and financial technology in general. But first, let's talk about bubbles. Is AI in a bubble? Almost certainly. I guess the latest scuttlebutt, as of this writing, about a bubble in AI comes from Robin Li, CEO of Baidu, who not only believes that artificial intelligence is in a huge bubble, but that 99% of all AI-focused companies will cease to exist when that bubble pops... CONTINUE HERE
Like most of the AI-terms we define and explore here for our readers, an AI agent, stripped to its core, is just another piece of software-but it is a very sophisticated piece of software. AI agents may be connected to physical architecture, either as a place where they reside or a robotic device that they operate. AI agents are designed to interact with their environment, collect and process data, and then use that data to perform tasks to achieve goals set by their end-users. These end users are typically thought of as human, but they do not have to be... CONTINUE HERE
This past week was an active one for venture funding in AI, with another deal, but only one, crossing the $100M threshold. This week's top reported deal, per FinSMEs, came in from the procurement space, where Zip raised $190 million to support its B2B purchasing platform. The next biggest announcement was in the agriculture space, where Carbon Robotics brought in a $70M Series D round. The top five also included companies in the cybersecurity and medtech spaces. Smaller funding raises that did not quite make our top 5 this week included announcements from the proptech, telecommunication and accounting sectors... CONTINUE HERE
With the 16th BRICS summit being held this week in Russia, let's listen to Al and Ivy (AI-generated by Notebook LM) discuss what's at stake. BRICS expansion reflects a growing sentiment among emerging economies that the current global order is outdated and favors Western interests. This dissatisfaction fuels the desire for alternative institutions and power structures. BRICS+ signifies a shift towards a multipolar world, potentially fragmenting the global order into competing blocs. This raises concerns about the effectiveness of multilateral cooperation and institutions like the G20... CONTINUE HERE
Google launched a watermarking solution that is invisible to the human eye | Meta has an in-house AI math whiz | Anthropic revealed that its AI solutions can perform several human-based tasks | AI-powered transcriptions have taken Amazon's healthcare efforts to another level | Plus, how much is Sotheby's first AI painting worth? The answer might shock you... 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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