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Welcome to our weekly edition of AI & Finance™!
Despite a bit of a breather in venture capital funding announcements, another busy week for artificial intelligence is in the books. This time around, we dwell on some of the issues of trust in AI, starting in our AI & Finance headlines column where we look at a little bit of recent data that reflects on consumer feelings towards AI, and their hopes for AI in the future. Some of those hopes are then given a reality check in AI Education, where we take a look at the underlying causes, and likely persistence, of bias in artificial intelligence. Like media bias, the bias in AI is mostly not in the underlying mechanisms of the technology, but in the information, behaviors and emotions human users and consumers bring to bear upon it... CHECK IT ALL OUT BELOW!
AI is everywhere! But do we trust it? Yes and no, according to several eye-opening pieces of research released in the past week. Let's start with the trusting side of things... where most consumers are expressing not just interest, but a preference for AI in the sales process, according to a survey sponsored by Conversica AI. As it turns out, people are more comfortable speaking to an AI when they're in a decision-making stage because they feel like there's less pressure to make a selection and purchase. This kind of sentiment carries directly over into the financial sector, according to recent research out of the UK... CONTINUE HERE
AI is already irrevocably biased, it will be biased moving forward, and it is difficult to imagine a future in which AI will not be biased. Artificial intelligence today is filled with biases and preferences and is in reality no better than the deeply flawed human beings which design, build and use it. To be clear, the technologies underlying generative AI are, in and of themselves, free from bias. Absent content to digest, an artificial neural network is a close to the proverbial blank slate (though I'm not sure which proverb I'm referring to) as exists. The technologies themselves have no preferences or prejudices... CONTINUE HERE
This week our announcements are led by one deal exceeding the $100 million threshold. The week's top reported deal, per FinSMEs, came from Cambridge, Mass.-based Insilico Medicine, an AI biotech company, which raised a $110 million Series E round in part to support clinical trials and to continue to develop its AI models. The next biggest announcement came from the AI voice space, where San Francisco-based Cartesia brought in a $64 million Series A round. The top five also included companies in the robotics, IT and food supply spaces. Smaller funding raises that did not quite make our top 5 this week included announcements from... CONTINUE HERE
Friends, for the week of March 14 to March 20, 2025, major corporations unveiled cutting-edge technologies, governments integrated AI into diplomatic practices, and the gaming industry explored AI's predictive capabilities. These ongoing developments continue to underscore AI's expanding influence across various sectors and its potential to reshape industries. ALSO - March Madness! Last year I wagered all of $20 on an AI-generated bracket and didn't do particularly well with it, so this year, I just did an old-fashioned "feeling the vibe" for my choices. Interestingly, my much more basketball-aware husband and I both ended up with Duke and Florida in the finals... CONTINUE HERE
In this podcast, our dynamic AI duo - Al & Ivy - explain the household wealth effect! The content was generated through NotebookLM from "The Household Wealth Effect - From Wall Street to Main Street," published in the October 2024 TIAA FocusPoint, by Aberto Favalli-Ragusini of TIAA Wealth Management. This TIAA report examines the strength and distribution of U.S. household net worth and its influence on consumer behavior, known as the wealth effect. It highlights the significant increase in household wealth since 2019, largely benefiting higher-income households due to their asset ownership. The analysis considers potential risks like geopolitics and the upcoming election that could disrupt... 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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