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Welcome to our weekly edition of AI & Finance™!
Hello, friends, this week in AI & Finance we strive to bring you some balance. Yes, we're still enthusiastic about artificial intelligence, and the biggest single news item of the week may be the enthusiasm for U.S.-born AI coming out of the White House. If the president's plans come to fruition as intended, the U.S. will be full-speed ahead on AI development with the government's support. Well, this week we start out in our rundown of financial artificial intelligence headlines with a light-hearted suggestion that maybe we do need to take our time in handing our world over to AI for technology to run everything. We also have a look at AI developers' response to EU regulations in our AI Regs & Risk column, and AI Education this week takes a look at what happens when we apply the technology underlying large language models to financial transactions... CHECK IT ALL OUT BELOW!
Welcome to another busy summer edition of AI & Finance, where we offer a long list of financial artificial intelligence headlines encompassing banking, insurance, investing, wealth management, tax planning, corporate finance and more. But first, let's talk about Dave Barry. We've read the humorist's columns for years-they're a welcome refuge from a news and commentary environment that is usually devoid of good laughs. Even though his publishing schedule has slowed considerably as he's aged, we're drawn to Barry's style and he manages to keep us smiling. So we were a bit concerned when he titled a column "Death by AI," fearing that... CONTINUE HERE
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On July 18 2025 Meta publicly declined to sign the European Commission's new AI Code of Practice, the voluntary framework meant to prepare providers of frontier models for the EU AI Act. Meta's global‑affairs chief Joel Kaplan called the document "over‑reach" that would "throttle the development and deployment of frontier AI models in Europe." Meta is not alone in its push‑back. Google, Microsoft, Airbus, ASML, and start‑up Mistral AI have all urged Brussels to slow implementation of the Act, warning of legal uncertainty, high compliance costs, and the risk of driving innovation offshore. The Commission has so far refused to change its timeline... CONTINUE HERE
We're going to talk about large transaction models, but first, let's be clear-most of the applications to date of AI within financial services have been using language models-that is, AI technology that has been trained with large volumes of text to retrieve data and to speak and write like a human. These language models are powering recommendation engines and chatbots and AI agents being released across the industry, but they're in essence little different from the reasoning and language models already deployed in other industries. We've talked about large language models before-models like Claude and ChatGPT that power the popular... CONTINUE HERE
This week's venture capital funding is led by two deals out of Europe exceeding the $100 million threshold. The top reported deal, per FinSMEs, came from Stockholm, Sweden-based AI development provider Lovable, which raised a $200 million Series A in part to "expand (its) operations and its development efforts," according to its announcement. Loveable allows non-technical users to write full-stack software using text commands. The next biggest announcement came from the agentic AI space, where U.K.-based Xelix raised a $160 million Series B. The top five also included companies in the wealthtech, materials science and conversational AI sectors. Smaller funding raises that did... CONTINUE HERE
From OpenAI's newest "Agent" to Apple's AI news comeback - and even teens turning to bots for life advice - this week's AI headlines were as wild as they were wide-reaching. And yes, "AI slop" is now a thing. Like, officially. OpenAI's Next Leap: ChatGPT's new "Agent" takes AI from assistant to autonomous doer - think form-filling, browsing, and beyond. Governments Get Political: Trump and ex-Dogecoin figures are pushing new AI agendas, setting up global policy rivalries. Cultural Chaos & Content Clutter: Teens seek emotional support from bots, while "AI slop" floods feeds and raises quality concerns. On July 17, OpenAI unveiled its long-awaited "Agent" functionality... CONTINUE HERE
In this week's podcast, Al & Ivy dissect the dark psychology behind "pig butchering" scams-where love, trust, and crypto collide in global deception. The content was generated thru NotebookLM from this content source: "The Pig Butchering Crypto Scam - a Detailed Analysis" authored by Matt Hamilton and published on the Hamilton & Associates Lawyers website. The provided text describes "pig butchering", a complex type of "long con" confidence game that originated in China and has since spread globally. This scam, named for its analogy to fattening a pig before slaughter, involves gaining a victim's trust over time, often through romance or investment... 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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