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Welcome to our weekly edition of AI & Finance™!
It was an interesting week, as usual, in artificial intelligence, and that definitely passed down to AI news in the financial services industry. This week, we have a particularly active AI & Finance headlines roundup with a brief discussion of automation and optimization. While venture capital activity is still down from its blistering pace earlier in the year, the volume of big funding announcements held steady from last week. In our AI Education column, we talk about a form of artificial intelligence where there's "no there there," as Gertrude Stein might say. Also, Greg Woolf provides us with a look at California's attempts to pass AI regulations and what those efforts might mean for the technology's future in his AI Regs & Risks column... CHECK IT ALL OUT BELOW!
Personal financial service professionals, like wealth managers, retirement planners and tax professionals, all exist to optimize financial outcomes for business and individual clients while staying within the laws, guidelines and preferences that govern their behaviors. In other words, most of us just want our financial professionals to help us get the most out of our financial moves while not breaking any rules in the process. Handshakes, smiles and small talk are not required, and in many cases, are not desired. As most financial professionals already know, technology is already the undisputed champion of the optimization game in both speed and accuracy... CONTINUE HERE
This week, we're going to look at another side of a coin we flipped some months ago when we discussed AI agents. AI agents, as a refresher, are software that interact with a user to perform tasks. Generally speaking, both the agent and the tasks performed are powered by AI. So an agent will use natural language processing, large language models and generative AI to interact with a user in plain speech, whether written or spoken, while using AI to query a database to perform whatever actions the user requests. Most artificial intelligence applications we are familiar with involve agentic AI. Voice-powered assistants like... 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 Santa Clara, Calif.-based Nexthop AI, an AI infrastructure company, which raised a $110 million round in part to support its work building infrastructure for AI hyperscalers. The next biggest announcement came from the big data space, where New York-based Dataminr brought in an $85 million round. The top five also included companies in the data utility and healthcare spaces. Smaller funding raises that did not quite make our top 5 this week included announcements from the insuretech, retail and senior living sectors... CONTINUE HERE
Friends, the week of March 21 to March 27, 2025, witnessed significant advancements and discussions in the realm of artificial intelligence (AI) - we're beginning to sound like a broken record in these openers, but it's true. This past week - as we perused the news - we had to giggle a bit, though. Apologies (or our deepest condolences) to our lawyer friends, but it looks like you could be out of business within 10 years according to one report below. I would daresay lawyers are amongst the least well liked individuals in our society, but I have a brother who was a... CONTINUE HERE
You may remember the rise and fall of California's Senate Bill SB-1047 last year, an initial attempt to regulate AI in response to the rapid advancement of foundational large language models that underpin Generative AI. CA holds significant impact over the AI industry, since most foundational models, AI hardware and cloud infrastructure companies are either based or at least have significant operations in the state. It was a well-intentioned effort, but it quickly became clear that it was too rigid, too focused on just one factor - the size of the AI model. After Governor Newsom's vetoed the bill, he convened a 2025 Working Group that recently... CONTINUE HERE
In this podcast, our dynamic AI duo - Al & Ivy - discuss the compelling topic of oligarchy & democracy. The content was generated thru NotebookLM from this content source: "Oligarchy & Democracy" published in THE AMERICAN INTEREST, by author Jeffrey A. Winters. Winters has argued that American politics exhibits a duality of democracy and oligarchy, where democratic institutions and widespread participation coexist with a significant concentration of material power among the wealthy few. Despite democratic advancements and public support for policies benefiting the majority, the ultra-rich have consistently secured policies that favor their interests, particularly through wealth defense mechanisms. This has led to... 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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