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Welcome to our weekly edition of AI & Finance™!
Well, friends, this must be wealth management week in AI & FInance because we have a few pieces concentrating on that one particular sector of the financial services industry. First, in our roundup of financial services artificial intelligence headlines, we review some telling data about the stauration of generative AI in wealth management, and, well, let's just say it's pretty well saturated as of the first weeks of 2025, surprising even us, as we thought the industry's worries about regulatory compliance and general timidity towards technology would delay its adoption of gen AI. That's simply not so. In his Regs & Risk column, Greg Woolf examines how gen AI may disrupt wealth management in the months to come, but stops well short of saying that AI will displace wealth managers. However, this week's AI Education column discusses a breed of artificial intelligence that may well cause some displacement... CHECK IT ALL OUT BELOW!
For the wealth management industry, in particular, there were a few key items this week that are worth mentioning. The first would be a survey from Advisor360 gauging AI use among financial advisors and their feeling towards the technology, where 91% of respondents said they used generative AI tools within their work. We should note that Advisor360 wasn't asking about predictive AI tools that have been used for more than a decade in the financial services industry, rather, the company was asking about generative AI. Only 9% of advisors said they didn't use generative AI at all. That's some saturation... CONTINUE HERE
Most approaches to artificial intelligence we've discussed in AI & Finance and here in AI Education involve complementing, assisting or augmenting human activities, usually work. But what if, instead of designing programs to help humans, we made AI itself more human-like? We've already explored concepts like neural networks, in which the infrastructure supporting AI is designed to mimic the physiology of the human brain and nervous system, however, a different approach is to concentrate instead on mimicking the human mind and capturing how a person learns and reasons through drawing inferences and conclusions, and understanding how nuances in communication relate to thought and behavior... CONTINUE HERE
This week our announcements are led by two huge deals exceeding the $100 million threshold. The week's top reported deal, per FinSMEs, came from San Franciso based Lambda, an AI cloud company, which raised a $480 million Series D round to continue building out its cloud infrastructure for AI developers and users. The next biggest announcement also came from the cloud space, where Together AI (mis-spelled on FinSMEs as "Togheter AI"), which also happens to be based in San Francisco, brought in a $305 million Series B round. The top five also included companies in the AI observability and financial spaces... CONTINUE HERE
Everyone wants to know how AI is being used in the real world-across industries and job roles. Understanding its applications provides us with two key perspectives: first, it reveals where to start deploying AI today so we don't fall behind; and second, it helps identify which job roles are most likely to be impacted in the future. Anthropic, a leading AI research organization and suite of large language models, recently set out to provide a factual, data-driven analysis of AI usage by industry and job role. Anthropic's Claude AI system is currently the best-rated frontier model for coding. This strength in coding skews the reported data in favor of developers... CONTINUE HERE
Friends, the week of February 21 to February 27, 2025, once again witnessed some pivotal developments in artificial intelligence (though we think every week now seems to have so-called "pivotal events"), with developments spanning corporate alliances, regulatory debates (we believe these will be ongoing from here on out), and technological advancements. From Microsoft's advocacy for relaxed AI chip export restrictions to Nvidia's robust financial performance amid market uncertainties, these events underscore AI's ongoing and profound influence across various sectors. Microsoft plans to urge the Trump administration to relax AI chip export curbs affecting U.S. allies, aiming to prevent them from turning to Chinese alternatives... CONTINUE HERE
In this podcast, our dynamic AI duo - Al & Ivy - discuss the need for either a complete audit of the Federal Reserve or an abolishment of it - quite the controversial topic. The content was generated thru NotebookLM from a blog post published on the MacIver Institute Website. This source argues for increased transparency and potential abolishment of the Federal Reserve. It highlights Representative Thomas Massie's efforts to "Audit the Fed" through congressional legislation, aiming to provide public insight into the Fed's monetary policies. The author contends that the Fed operates with insufficient oversight, contributing to inflation, wealth concentration, and... 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)
Bozeman • MT • 59715 • USA
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