Tech

Would you trust ‘AI’ to invest your money?

Published

11 months ago

June 20, 2023

ticker NEWS

U.S. regulators are weighing whether to require financial companies to register ‘AI’ robo-advisors as money managers.

The use of Artificial Intelligence seems to be branching out into nearly every corner of our lives.

Now, robo-advisors are acting as money managers and want to help you invest your money.

Is this a way to work smarter, not harder—or a real danger to humanity?

U.S. regulators are weighing whether to require financial companies to register ‘AI’ robo-advisors as money managers.

JPMorgan recently disclosed that it has been working on software similar to the AI-powered ChatGPT that would help make investment choices for clients.

While the industry has been exploring how to lure consumers through new technological advancements—how far is too far?

That’s a question, the U.S. Securities and Exchange Commission (SEC) is asking. The SEC Chair Gary Gensler has tasked his staff with issuing recommendations of how to handle conflicts of interest in using predictive data tools.

Oz Sultan, the Chief Strategist with the Sultan Interactive Group joins us to discuss. #sec #ai #artificialintelligence #GaryGensler #veronicadudo #OzSultan #JPMorgan

Related Topics:AI ArtificialIntelligence GaryGensler JPMorgan ozsultan sec veronicadudo

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Is GenerativeAI transforming education?

Published

3 hours ago

May 3, 2024

ticker NEWS

Educators today are facing an uphill battle, so what’s the solution?

Today’s educators are passionate, but they’re up against diverse classrooms and outdated teaching methods.

In this episode, Trevor Furness, Chief Revenue Officer of Octopus B-I discuss their efforts to transform education. #funding futures

News

How AI is leveraging Amazon’s fast production

Published

1 day ago

May 2, 2024

Nathan Langridge

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates.

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates, driven by strong performance in its cloud computing and AI.

Ticker’s Ahron Young & Veronica Dudo discuss.

Tech

Tesla is slashing prices to stay competitive

Published

2 weeks ago

April 21, 2024

Reuters

Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.

Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.

The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.

Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.

Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.

Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.

On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.

Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.

The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

Tesla is to report first-quarter earnings on Tuesday.