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Welcome to our weekly edition of AI & Finance™!
Hello, Friends, we introduced last week's newsletter by warning that it was a bit provocative. This week might be more so, because we're embracing the grim chill in the air and darker days as autumn proceeds to talk about some of the darker ideas related to AI, including an examination of some AI-related fears and phobias in our AI & Finance headlines column, and a look at headless architecture in our AI Education piece. We go even deeper, however, in our two Looking Back columns to close out this week's newsletter, which examine AI's environmental impacts and the growing hubbub around superintelligence, a term whose increased use may or may not be justified. Sandwiched in between this time around are an especially big Top 5 Venture Capital announcements column and an active week in general AI news within AI Intelligence. Will our lean into all things ghastly around AI continue for another week? We're not sure we'll ever completely plumb the depths of the technology, but there's plenty of material this time around to make your veins feel full of ice water... CHECK IT ALL OUT BELOW!
October is a great month for an AI newsletter. Let's face it, the way financial artificial intelligence news has been lately, every month is a great month, but in October, when editors go searching for spooky things to write about, AI is already pretty spooky on its own merits. At least, that's how an awful lot of people seem to feel. Welcome to another AI & Finance, where we had a very busy week, as you'll read below, but one that did not feel like it had any huge news or announcement to serve as an exclamation point on it. So we're going... CONTINUE HERE
We've gotten zombies all wrong. Yes, we're going to write about zombies for a second here on AI Education, though we thought we were going to start out talking about Washington Irving or Lewis Carroll's Red Queen because this week's topic is headless AI, in keeping with our creepy theme. But before we all lose our heads, let's get back to zombies. You probably know the zombie horror movie trope-some disease or radiation or supernatural happening or cosmic event causes the dead to become animated and attack the living. We've taken to calling those reanimated bodies zombies. But that's not what zombies... CONTINUE HERE
This week our overall AI venture capital activity maintained its momentum from recent weeks, with all five of our listed announcements coming in over $250 million and 9 announcements total coming in over $100 million. The biggest announcement, per FinSMEs, came from New York-based Ramp, a corporate finance software provider, which raised $1.85 billion to "accelerate its platform transition into an AI-agent ecosystem, expand its engineering capabilities, and support the rapid scaling of its enterprise customer presence," according to its announcement. Our second-place announcement was from San Francisco-based AI infrastructure and software provider TypeSafe AI, which raised $870 million in a Series A... CONTINUE HERE
This week, competition among the world's leading AI developers intensified, legal and regulatory scrutiny increased, and investors began questioning the economics of the industry's enormous infrastructure expansion. Google and Meta introduced powerful new models that challenged the leadership of OpenAI and Anthropic, while a coalition of U.S. states sued OpenAI over allegations that ChatGPT endangers children and misleads consumers. European regulators defended their ability to control increasingly autonomous AI systems, and financial markets confronted mounting concerns about AI valuations, capital spending and debt financing. Meanwhile, advances in AI-assisted research, enterprise applications and semiconductor technology demonstrated that the industry continues to move rapidly despite... CONTINUE HERE
We use a lot of generative AI. It's mostly for work, as we've found ChatGPT and Claude to be excellent writing tools and we are unafraid to turn to Gemini and other models as research assistants. But people in our family and friends circles are definitely using AI for recreation, making fanciful images and videos and stories with pretty much the same technology we use to boost our productivity at work, and we're not going to lie, we've not only consumed and enjoyed non-commercial, AI-generated content, we've also dabbled in making some of it ourselves. We've never made kitten pictures, but, as any... CONTINUE HERE
AI is now super, thanks for asking. Artificial intelligence has spent the past several years transforming financial markets, business operations, scientific research and public discourse. In recent weeks, the technology itself has been undergoing a transformation of a different kind-at least linguistically. President Donald Trump wants the federal government, and increasingly the rest of the world, to stop calling artificial intelligence artificial intelligence and start calling it super intelligence. Meanwhile, Sen. Bernie Sanders (I-Vt.) and Rep. Greg Casar (D-Texas) want to ban the development of artificial superintelligence, arguing that machines capable of surpassing human intelligence could threaten humanity's survival. The resulting controversy... 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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