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The AI agents are here.
For years, the name of the game for AI in wealth management has centered on efficiency: capturing client data, drafting emails, summarizing meetings, and organizing files. But that’s starting to shift. Wealthtech firms are now pushing artificial intelligence beyond administrative support and into decision-making assistance, using client data ...
Active ETFs have firmly established themselves as the cool, new kids on the block, with asset managers launching nearly 1,000 products last year alone. While registered investment advisors still rely heavily on passive funds for their low costs and diversification, many are increasingly incorporating active ETFs into portfolios, and a few firms are standing out.
JPM...
Need a lift to JFK?
On Monday, Joby Aviation announced its completion of the first point-to-point electric vertical takeoff and landing (eVTOL) in New York City, part of a 10-day flight campaign. The aircraft flew from John F. Kennedy International Airport to land at sites across the Big Apple’s helicopter network. The goal is to connect the airport to Manhattan in...
Sam Altman is suddenly being confronted by the ghosts of OpenAI’s past, present and future.
On Monday, jury selection began in Elon Musk’s civil suit against Altman, a court battle that could challenge OpenAI’s recent transformation into a for-profit entity and potentially oust Altman from his job. Meanwhile, the ChatGPT-maker on Monday also seriously redef...
Do you even crypto, bro? That may soon be a question facing investors using 401(k) accounts to save for retirement.
Last month, the Department of Labor proposed regulations that provide broad legal prot...