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Welcome to our weekly edition of AI & Finance™!
Hello, friends, and happiest of 4th of Julys, and Happy 250th birthday, U.S.A. We hope everyone is able to get out and celebrate something today. It was a very busy pre-holiday week for financial services artificial intelligence news, before we dive right in we want to mention a report in Bloomberg that the financial services and technology sectors are currently losing 28,000 jobs per month, on average. Oof. Hopefully those who get to stick around are going to want to read an AI & Finance newsletter. This week we begin with a nerdy headlines column before swinging over to talk about cognitive finance in AI Education. Momentum continues to build in AI venture capital announcements, as you'll see in our Top 5 VC column, and we have the normal weekly run-down of AI news in AI Intelligence. This week, as a special treat, we launch our "We Asked" column, where we pose technology-related questions directly to financial professionals, with an AI spin. We also review some of the recent trends and topics in content regarding AI's relationship to financial market stability in the second of our Looking Back columns... CHECK IT ALL OUT BELOW!
Let's continue the birthday celebrations with an acknowledgement that we are both young and old in the best of possible ways. Welcome to AI & Finance, where we have once again a bigly listing of mid-year AI headlines for you to scan and sort through... but first, happy 250th to the U.S.A., our country of origin and residence. Home, sweet home. What would some of our favorite nerd-ish movies say about a country's 250th birthday? Yoda: "When 250 years old you reach, look as good you will not." Bilbo Baggins: "Alas, 250 years is far too short a time to live among such... CONTINUE HERE
We had to know that AI wasn't going to stop at reading our documents and summarizing our meetings, right? As we work on another, separate, new column, we've found that most financial advisors don't really think much of AI as a financial practitioner, let alone as a potential threat to their business and industry. And why should they? AI has been like a little buddy to the financial services industry so far. AI agents help answer calls, take notes, keep track of appointments, track client contacts, pre-populate forms and dozens of other types of digital gopher work that most normal people-and financial... CONTINUE HERE
This week our overall AI venture capital activity accelerated once more from prior weeks' strength, with all five of our listed announcements coming in over $300 million and 16 announcements total coming in over $100 million. The biggest announcement, per FinSMEs, came from San Francisco-based Groq, which raised a $650 million round at a valuation of over $50 billion to "accelerate the physical fit-out of its infrastructure footprint, integrate next-generation LPX hardware platforms, and scale its global data center power capacity toward 200 megawatts by the end of 2027," according to its announcement. Groq is a developer and provider of AI infrastructure, including... CONTINUE HERE
We think AI is going to be a great disruptor, but what do financial advisors really think? Of course, we get regular poll numbers from research sponsored by custodians and wealthtech providers, those polls usually find comfortable majorities of advisors... well, comfortable about their future with AI, but that doesn't tell us much about how individual practitioners really feel, and why. So why not ask? We talk a lot about wealth management around here, but probably not as much as we should to wealth managers themselves. There's really nothing quite like talking to an engaged financial advisor-and that's why the profession will... CONTINUE HERE
Artificial intelligence's torrid pace of development continued during the final week of June and opening days of July as government oversight, frontier model competition, infrastructure spending and commercialization all dominated headlines. The week's biggest story remained the continued fallout from the delayed rollout of OpenAI's GPT-5.6 family of models, highlighting the increasingly close relationship between Washington and frontier AI developers. At the same time, Meta intensified its campaign to challenge OpenAI, Anthropic and Google DeepMind through aggressive investments in talent and infrastructure, while policymakers accelerated work on voluntary standards governing the world's most capable AI systems. Together, these developments underscored a rapidly maturing... CONTINUE HERE
Every time information technology advances, we have the same discussion: Is our new tech somehow going to crash financial markets? In this regard, artificial intelligence is not so different from everything between it and the abacus... but the discussion around the potential financial risks from AI investment and adoption are so multi-faceted and fascinating, they bubble up frequently in our weekly research-which is why we've chosen to look back at some recent news and comments about AI's impact on financial markets this week. For financial professionals, the discussion about AI has gone beyond whether it has staying power-it's been a while... CONTINUE HERE
WealthFeed, the New York-based FinTech firm that helps wealth management enterprises arm their financial advisors with modern prospecting and organic growth tools, announced that The Mather Group has named the firm its sole approved enterprise prospecting platform. The cloud-based platform leverages AI capabilities to power lead generation and deepen existing relationships for financial advisors. According to a firm release, the new partnership provides The Mather Group's 100 advisors access to WealthFeed's platform for real-time money-in-motion intelligence, warm introduction paths, data enrichment, compliant outreach and inbound web lead capture. The platform will use AI to help Mather's advisors identify signals tied to inheritances, liquidity... CONTINUE HERE
Moving a financial advisor from one firm to another is often messy. Data sits in spreadsheets, PDFs and old software systems. Meanwhile, forms pile up and accounts get delayed. A startup called Feathery wants to change that. The San Francisco company said Tuesday that firms using its advisor transitions platform moved more than $2 billion in client assets during the first quarter of 2026. The number is notable because advisor transitions are becoming more common and more complicated. Wealth management firms are fighting for top talent. They need new advisors to become productive fast. The company's software uses artificial intelligence to automate much... CONTINUE HERE
Source: thefinancials.com | Updated every 30 minutes, M-F during market hours
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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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