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Welcome to our weekly edition of AI & Finance™!
Believe it or not, despite a troublesome tendency to drift towards pomposity, we try to stay humble and hungry here at AI & Finance-but I can't deny feeling a distinct twinge of pride at this week's newsletter. Typically, editors scramble for content to fill their holiday-week or post-holiday editions, as many writers take time off, and there's often a lull in industry news to report. Well, that simply isn't so this week, we have great contributions and a solid list of artificial intelligence in financial services headlines. Close readers will find a common thread across much of our content this week: AI is accelerating, driven by the unrelenting advance of technology, strong global financial markets and, now, assumptions of a more relaxed regulatory scheme... CHECK IT ALL OUT BELOW!
Today on AI & Finance we have a surprisingly robust list of artificial intelligence-related financial services headlines from the holiday week to run through for you, and we'll get to those in a moment-but first we want to talk about a recent post on X (note that we're not in the habit of discussing social media posts here). This comes from venture capitalist Steve Jurvetson, founder of Future Ventures and an early investor in companies like Tesla and Commonwealth Fusion, who titled his post "Moore's Law Update." For those who need an update on the update, Moore's Law... CONTINUE HERE
Over the last several months as we've expanded our library of AI Education pieces, we've simplified the often confusing world of artificial intelligence. At their core, AI models are just software, and all AI as we currently know it is software-based. But underlying this software is a blend of legacy, newfangled and emerging hardware, and so far we've only scratched some of the surface of AI-related hardware topics. Today we're going to discuss the graphics processing unit, or GPU. A GPU is a specialized integrated circuit microprocessor, a computer chip. It's just a very finely designed hunk of silicon... CONTINUE HERE
Despite the holiday, it was an active week for AI venture funding, led by two deals exceeding the $100 million threshold. This week's top reported deal, per FinSMEs, came from Santa Clara, Ca.-based Tenstorrent, which raised $693 million in its Series D round to develop microchips specialized for AI applications, in competition with Nvidia. Tenstorrent's round was joined by high-profile investors including Jeff Bezos, Samsung, LG, Hyundai and Fidelity. The next biggest announcement came from the generative AI space, where Palo Alto, Ca.-headquartered Cresta brought in a $125M round to support its automated call center platform. The top five also included companies in the enterprise AI and capital markets spaces... CONTINUE HERE
The incoming Trump administration's approach to artificial intelligence governance is shaping up to be as bold and polarizing as you'd expect. At the center of it all is the rumored appointment of an AI czar, a role designed to steer the nation's AI policy during what many see as a defining moment for the technology. But while this move has sparked excitement in tech circles, it's also raising a host of questions about how the Trump administration will balance innovation, regulation, and public safety-or if it even intends to.Here's a deeper dive into the AI czar conversation, plus the broader implications of Trump's AI policies... CONTINUE HERE
In late October 2024, the team at Digital Wealth News, along with finserv industry giant Michael Partnow, hosted the Big Sky AI Roundtable here in our hometown - Bozeman, Montana. We were deeply honored by the number of people who flew across the country to join in the conversation around AI in finserv and it was an incredible group of industry leaders. As a follow up, we want to make sure that all our readers can easily access the thought leadership - memorialized in these whitepapers - reviewed at the roundtable by our presenting sponsors - JIFFY.ai, Greenline Consultants, Inc., Fidelity Labs and AXOS Clearing... CONTINUE HERE
In this podcast, our dynamic AI duo - Al & Ivy - discuss the history of bitcoin in their usual engaging fashion. The original source material for this week's podcast is "The History of Bitcoin: A Complete Timeline of the Start of Web3", published by on the History Cooperative website on November 15, 2021 by "James." The source article provides a comprehensive overview of Bitcoin's development, from its genesis block in 2009 by the pseudonymous Satoshi Nakamoto to its price volatility and mainstream adoption. The article details Bitcoin's underlying technology, blockchain, explaining how mining creates new bitcoins and its intended purpose as a decentralized, trustless currency... 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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