Firehose

Large language models (LLMs) provide surprisingly good financial advice, especially when users ask specific, well-structured questions that reflect life-cycle planning and portfolio theory. However, their advice often fails to adjust to shocks like unemployment and can lead to portfolios drifting rather than actively rebalancing. AI summary

The AIE NYC event is now open, focusing on the theme of AI in Finance, with various subsectors of financial services adopting AI. Key speakers include OpenAI, Anthropic, and FactSet, discussing topics such as AI skills ownership, simulations, and verifiable AI. The event also covers the security fallout from OpenAI's rogue-agent incident and the debate around model safety and governance. AI summary

Energy finance protects margin through constant volatility, with power and fuel prices moving by the hour and PPAs and hedges settling at values far from the books assumed. An ontology is needed to capture business meaning and keep it live as prices, positions, and the forward curve shift through the day, and Genie is a data-smart AI coworker that provides a trustworthy, sourced answer grounded in its ontology and governed at every step. AI summary

Chip stocks have plummeted in the US and Asia, with major firms like Samsung Electronics and SK Hynix falling by over 13%, amid growing concerns about artificial intelligence (AI) spending and its potential returns. The decline is attributed to a sell-off in AI-related stocks following a report that Nvidia is in talks to invest $250 billion in OpenAI. As a result, Apple has overtaken Nvidia as the world's most valuable company. AI summary