AI Street

A weekly look at the biggest stories in AI + Wall Street. Out Thursdays at 11:30 EST and every other Sunday.

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Subscribe to AI Street to read the full interview out tomorrow. https://t.co/7VUq8UEZDQ

#WealthManagement #AI #FinTech #Google

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Inside Arta Finance - AI Digital Wealth Platform

This week, I interviewed with Chirag Yagnik, CIO and co-founder of Arta Finance, which aims to democratize wealth management strategies once reserved for the ultra-wealthy.

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Preview of our discussion:
* Chirag's journey from DRW's autonomous trading desk to Google Research
* Why LLMs could reshape finance over the next decade
* The tech gap in wealth management
* How AI is transforming portfolio customization

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Subscribe to AI Street for weekly insights on how AI is reshaping Wall Street. Gain (free) access to expert interviews and in-depth analysis delivered every Thursday.

https://t.co/YXEcaJMyN1

#Finance #AI #SEC #Compliance #FinTech #AIStreet

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🤖 AI Among the SEC’s Top Exam Priorities for 2025 🔍

The SEC has unveiled its 2025 examination priorities, placing emphasis on key risk areas such as fiduciary duty, standards of conduct, cybersecurity, and AI.

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• Business Continuity: Ensuring effective plans are in place for AI system failures.

• Vendor Management: Supervising third-party providers’ use of AI to mitigate associated risks.

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Unlike consumer-facing AI like ChatGPT, enterprise applications are likely to use small-language models and retrieval-augmented generation for specific use cases.

https://t.co/PCpWewRoQ2

#AIInBusiness #AIinFinance #AIStreet

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📊 We're Only in "1996" of AI Era: BofA

AI could boost S&P operating margins by 200 basis points over 5 years, potentially saving around $55 billion annually.

Timeline:

• 2024: Expected to be the year for determining enterprise AI ROI
• 2025: Anticipated widespread adoption

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Historical Perspective:

The current state of AI is comparable to where the internet was in 1996. This suggests we may be significantly underestimating its long-term impacts.

Enterprise Focus:

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AI Models Grade Stocks

GPT-4o, Claude 3.5 Sonnet, and Gemini Advanced analyzed $AMZN, $NVDA, $META, $AAPL, $TSLA, in a new study.

All models placed Tesla last.

https://t.co/ULvphFRN1a

#GenAI #AIinFinance

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AI Tools for Professional Investors: Free Directory

Discover AI for:

- Accounting red flag detection
- Equities report generation
- Unstructured data analysis

👉Get the directory: https://t.co/Mgz7oGOBpW

#AIinFinance #InvestingTech

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Track portfolio changes with @finchat_io's "Super Investors" page to follow moves of well-known investors like @HowardMarksBook

https://t.co/Fn3XusjWy9

Subscribe to https://t.co/MmBhvSBXUs for more on AI-driven investing. #AI #AIinvesting @BradoCapital

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Free Tool Tracks Top Investors' Portfolios

Money managers with $100M+ assets must submit 13F filings quarterly. These disclose holdings in certain U.S. exchange-traded securities within 45 days after each quarter's end.

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"If firms cannot manage using a new technology in a lawful way, then they should not use the technology," wrote CFPB General Counsel Seth Frotman and Chief Technologist Erie Meyer.

https://t.co/x8SsvJPn7V

#FinReg #FinTech #CFPB #AIinFinance

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CFPB Signals Strict AI Regulation on Wall Street

The CFPB is advocating for strict AI oversight in financial services, pushing back on regulatory sandboxes and emphasizing compliance with existing consumer protection laws.

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🏖 Lawmakers propose "regulatory sandboxes" for AI innovation in finance

Subscribe for a free weekly digest of the biggest stories impacting AI & Wall Street.

#AIinFinance #FinTech #GenAI

https://t.co/nAf7DkpJbw

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💡 S&P Global is training 35,000 employees in AI skills
👨‍💼 PE Interns expect AI tools at work, per BlueFlame AI survey
📊 Writer's Finance LLM, Palmyra-Fin-70b, Passes CFA Level III Exam
🤖 AI outperformed human analysts in predicting earnings