Investors are split on the AI trade, but they’ve converging on one sector of the stock market in particular in recent months: financials. Hedge funds and mutual funds have both poured money into the sector, even as their investing moves diverge when it comes to high-flying areas like AI. In fact, both groups’ buying of
The world does not need any more AI productivity tools. We’ve evaluated such tools running well into triple digits in the past 12 months alone, and believe that the vast majority of those are destined for the graveyard. We’re in the most exponential cycle of innovation, and therefore value creation, the world has ever seen.
The AI tool was trained on scientific publication-patent pairs.Credit: IB Photography/Alamy Investors and technology-transfer offices expend enormous effort trying to spot commercially promising research before it reaches the point of patenting. Now, a machine-learning tool is aiming to speed up this process by scoring how ‘patent-like’ a scientific paper is — months or years before
The U.S. national debt is hurtling toward $40 trillion, and Bank of America Research strategist Michael Hartnett’s “Anything but Bonds” framework is becoming ever more applicable. Boiled down, Hartnett warns the US is accumulating too much debt, which causes the government to issue too many bonds—and investors want compensation for the fiscal risk—making long-duration Treasurys
Selena Gomez set out to create “the world’s first mental fitness ecosystem.” Instead, the startup is becoming her own personal headache. A federal lawsuit filed Thursday offers a detailed account of what investors say went wrong at Wondermind — from an app that was never built to major corporate partnerships they allege never existed. Gomez
Selena Gomez is being sued by five investors in her mental health company, Wondermind Global. The Hollywood actress and pop star founded the company with her mother five years ago, but now investors are claiming her ‘abject dereliction of duties’ has left the company in a ‘state of financial difficulty’. The lawsuit will try to
