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Welcome to our weekly edition of AI & Finance™!
Hello, friends, it was another whopper of a week in AI. As we sat down to write this introduction early on Friday morning, the world was still digesting recent comments from OpenAI's Sam Altman made in an interview with Axel Springer reporters where he predicted that artificial superintelligence, or AI that surpasses human cognitive capabilities, would arrive before the end of this decade. Are we ready? Well, there was plenty going on in the world of artificial intelligence in financial services, as you can read below, and we continue to make great strides in supercomputing, as you'lll see in our AI Education column about exascale computers. It was also a huge week for AI venture capital fundraising, and we'll get an update on the $500 billion effort to build AI-oriented data centers in the U.S. in our AI Intelligence column. On a lighter note, Al & Ivy wrap things up for us with an entertaining chat about the entertaining "banana ball" phenomenon... CHECK IT ALL OUT BELOW!
Welcome to another AI & Finance, we have a lot to cover today, so we're going to jump right in by talking even more about how much we have to cover. Seriously, folks, when we stepped up to become "editor-in-chief" of AI & Finance, we had to look hard to find the announcements we feature each week. We even chose to broaden our horizons, as most of our work to that point was focused on wealth management. At that time, AI in wealth management was far too narrow a focus for an entire newsletter. Not anymore. Mind you, this wasn't back in the... CONTINUE HERE
AI is transforming finance - and in less than 2 weeks the nation's top leaders will gather in Montana to shape what's next! At the Big Sky AI Forum, you'll hear from experts at the sector's leading firms, including Envestnet, JUMP.ai, Vastadvisor, Docupace, FMG, and Mature AI. Two action-packed days of strategy, innovation, and high-level networking await under the Big Sky! Seats are limited - join your peers and secure your place today!
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Welcome to another edition of AI Education, where we're going to discuss exascale computing, the latest big benchmark achieved in supercomputing. Rather than give our usual drawn out introduction, we'll jump into a definition right away. Exascale computing is supercomputing that takes place at a level that exceeds 1 exaFLOP per second. Now, that's about as clear as mud to a layman, so we're going to need a couple of more definitions to get this piece going. Supercomputing is the development and operation of supercomputers. Supercomputer is a term most of us have heard hundreds if not thousands of times but have never... CONTINUE HERE
This week's venture capital funding announcements maintained recent momentum, with all five transactions in excess of the $100 million threshold. The top reported deal, per FinSMEs, came from Mountainview, Calif.-based Groq, which raised a massive $750 million round in part to "expand operations and its development efforts," according to its announcement. Groq is involved in AI inference, which involves applying trained models to actual real-world work. Our second-place announcement comes from the lawtech space, where Salt Lake City-based Filevine. brought in a $400 million equity raise. The top five also included de-extinction company Colossal Biosciences, the company using AI to help resurrect species... CONTINUE HERE
This week's AI surge brought expansion, enterprise pivots, infrastructure bets-and tension over power, regulation, and ethics. The headlines tell of mega-moves in data, deals securing dominance, and growing pressure to balance scale with accountability. Gigawatt Gambits & Data Hub Builds: OpenAI, Oracle, and SoftBank are advancing a $500B "Stargate" initiative to build five AI data centers, bolstering infrastructure muscle. $100B Tie-Up of Chip and AI: Nvidia commits up to $100B to supply OpenAI with data center chips-entwining hardware and AI strategy. Banks Deploy Agentic AI Inside: Citi is testing autonomous AI agents across workflows, a bold push to embed agency in... CONTINUE HERE
In this video, Cindy Taylor of Digital Wealth News and AI&Finance welcomes Liam Hanlin, Head of Insights at JUMP.ai, a sponsor of the Big Sky AI Forum. Liam previews how Jump's AI meeting assistant is helping over 12,000 advisors reclaim valuable time by reducing meeting admin, and shares how the platform's next phase will deliver predictive analytics and conversational intelligence insights to optimize advisor decision-makin..... CLICK HERE TO VIEW
In this week's spotlight, we dig into the phenomenon of the Savannah Bananas-how an exhibition baseball team rewrote the rules of both sports and showmanship. Their rise from grassroots startup to cultural juggernaut shows what happens when performance, community, and viral storytelling collide. The podcast provides an extensive overview of the Savannah Bananas, an exhibition baseball team that transitioned from near bankruptcy to becoming a multimillion-dollar viral sensation by prioritizing fan entertainment. Co-founded by Jesse and Emily Cole in 2016, the team revolutionized baseball with unique rules, choreographed dances, and eccentric stunts, embracing a "Fans First" approach that has led to sold... 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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