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Welcome to our weekly edition of AI & Finance™!
Hello friends, it's another holiday weekend in the U.S. but artificial intelligence didn't take a break, so neither will we. This time around, we have a very long list of AI & Finance headlines, topped with a discussion of the niches where traditional financial services businesses and models may not just survive into the future, but thrive. While the relentless move towards automation of all financial tasks and commodification of all financial services continues, there are still spaces for doing things the old fashioned way, much like there are still all-cash businesses out there doing very well for themselves. While the volumes of funding eased a bit this week, there was still a lot of AI venture capital activity to report, and we look into claims that ChatGPT and other generative AI models are pushing people towards psychotic behavior in AI Education... CHECK IT ALL OUT BELOW!
Welcome to another rundown of artificial intelligence in financial services news, amid ramping celebrations of not just another U.S. Independence Day, but also the lead in to a 250th birthday party in 2026, we're also looking at some fireworks in AI & Finance. But first, we want to talk about where traditional financial services will thrive as the industry evolves towards more automation and accelerated consolidation, and for most consumers and potential clients, most financial services are reduced to buttons on a dashboard or apps on their mobile devices. Even as most of what we call financial services becomes another piece of the... CONTINUE HERE
We're not sure if you've noticed this, but AI seems to be driving some people crazy. No, it's not just the annoyance of messages and art generated by artificial intelligence popping up in our emails, texts and social feeds-this week we mean that there are a growing number of reports that generative AI is literally driving some people to psychotic behavior, and we should talk about it. That's one reason why we're talking about patterns of troubling AI-induced, AI-related or AI-adjacent behaviors this week in AI Education. Before we go more into how we got here, we'd like to note that we... CONTINUE HERE
This holiday week our announcements feature just one deal exceeding the $100 million threshold. The top reported deal, per FinSMEs, came from Paris, France and San Francisco-based physical AI lab Genesis AI, which raised a $105 million round in part to "to open-source components of its data engine and foundation model to empower developers, researchers, and partners to build and accelerate progress across the broader field of physical AI," according to its announcement. The next biggest announcement came from a space near and dear to our heart, wealthtech, where New York-based Savvy Wealth, an technology-oriented, AI-infused RIA platform, raised a $72 million round... CONTINUE HERE
Friends, this week AI's impact spanned from rising scam sophistication to cultural debates over digital rights. Deepfakes once again dominated the spotlight-this time in hate-content, fraud, music, sports, politics, and privacy. At the same time, AI's educational and security applications advanced, prompting a fresh wave of legal and regulatory attention. We even worked Jennifer Aniston into this week's post! Deepfake backlash: From TikTok racism to celebrity scams, AI-generated imagery continues to spark controversy-and public fear. Legal guardrails: Denmark and the U.S. take bold steps to protect individuals' likenesses and curb non-consensual AI media. Public-private response: Institutions-from museums to legislators... CONTINUE HERE
In this week's podcast, our dynamic AI duo - Al & Ivy - ink their teeth into hot dog history, unpacking its origins, production process, cultural quirks, and classic condiments. A fun little piece for the 4th of July! The content was generated thru NotebookLM from this content source: "Hot Dog Facts, Figures & Folklore" published on the National Hodt Dog & Sausage Council website. This content source offers an extensive look into the history, cultural significance, and manufacturing of hot dogs. It explores the debated origins and evolution of the hot dog, including how it earned its name and the legend of the bun's... 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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