By Christopher Gannatti, CFA, Global Head of Research Key Takeaways The WisdomTree Artificial Intelligence and Innovation Index was rebalanced to favor companies that monetize AI or supply scarce inputs, while reducing exposure to businesses more dependent on borrowing. Microsoft was added to the index, while additions to Alphabet and other companies reflect AI revenue potential […]
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Regulators are coming with questions about financial institutions’ Artificial Intelligence processes that many will struggle to answer, warns QAwerks CEO Konstantin Klyagin. More documented hallucinations, customer complaints of banking doom loops, and the CFPB’s determination that inaccurate Artificial Intelligence chatbot responses may be federal violations are among the reasons the regulators are watching. When…
Taiwan’s SinoPac Securities has adopted Bloomberg’s ETOMS, part of the firm’s Sell-Side execution management offering, to strengthen its electronic market-making capabilities in the USD corporate bond market, Bloomberg announced on September 16. The adoption builds on SinoPac’s existing use of Bloomberg’s Trade Order Management Solutions (TOMS), and together the two systems will allow the firm…
Archax now has a regulated route into US securities distribution, entering the market without recreating its exchange, custody and clearing stack. The digital asset firm will operate as an introducing broker, relying on tZERO for the underlying US infrastructure. The Financial Industry Regulatory Authority (FINRA) approved the New Member Application of Archax Markets LLC, completing…
President Donald Trump is still playing hardball with Russia, according to US Department of Energy Secretary Chris Wright. Wright defended Trump’s decision to waive sanctions on Russia during a Sunday interview on CNN’s “State of the Union with Jake Tapper and Dana Bash.” In September, Trump signed into law a sanctions package targeting Russian officials…
The World Cup’s excitement may be over, but one of the most fascinating sports phenomena hasn’t been visible on fields or courts. A cadre of athletes has been channeling their professional star power to develop commercial real estate projects. And some of those ventures are happening in those athletes’ hometowns. Hence, an intriguing addition to…
“The benefit of a tax-exempt bond versus a taxable bond is increasingly powerful,” said Sam Adams, group head and managing director of affordable housing and public housing authorities at KeyBanc Capital Markets. KeyBanc Capital Markets Higher interest rates and a changing landscape in the affordable housing sector are spurring strong interest in tax-exempt munis. Processing Content “The…