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14.08.26 - 14:30
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AI is Driving Wider Growth, Says Deutsche Bank Analyst (Bloomberg)
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With the stock market at a record high, Binky Chadha of Deutsche Bank says that broader demand for artificial intelligence is contributing to the sustained positive performance across the market and not just among AI players. (Source: Bloomberg)...
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14.08.26 - 14:06
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Only 3% Of Americans Trust AI "A Great Deal" With Their Money - But One In Five Are Using It Anyway (ZeroHedge)
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Only 3% Of Americans Trust AI "A Great Deal" With Their Money - But One In Five Are Using It Anyway
A new Gallup survey finds a wide gap between the financial advice Americans say they trust and the advice they actually take.
Just 3% of Americans say they have "a great deal" of confidence in artificial intelligence to help manage their money - while about 30% express "a great deal" or "some" confidence. Moreover, roughly one in five people who sought financial advice in the past year used AI to get it.
The poll, conducted March 20 - April 6, sampled 5,075 U.S. adults aged 21 and older using Gallup's probability-based panel. The survey was run in partnership with Edward Jones - a brokerage that employs roughly 19,000 financial advisors, and whose interests are not entirely disinterested in the result.
Meanwhile, about 80% of adults have at least some confidence in traditional financial advisers. Only about one-third of those who sought advice actually...
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14.08.26 - 14:06
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Is AI Good For The US Labor Market And Bad For Europe′s? (ZeroHedge)
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Is AI Good For The US Labor Market And Bad For Europe's?
France's unemployment rate has been climbing steadily over the past eighteen months to the highest level in five years, with unemployment increasing across all age groups.
The US, by contrast, has stayed essentially flat and near multi-decade lows over the past few years.
While there are multiple factors driving both country's economic progress (or lack of it), Apollo's Chief Economist, Torsten Slok, recently noted that Europe and the US face the same AI displacement.
But, only the US gets what offsets it:
the startup formation,
the CapEx, and
the hiring that comes from building the technology rather than only absorbing it.
The widening unemployment gap between France and the US is starting to look like the price of being on the wrong side of that asymmetry.
Underestimating AI Disruption?
Slok also points out that consensus earnings expectations still imply remarkably little disruption from AI.
Of more than 200 publicly ...
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