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By Tom Carter, Business Insider
The chair of the SEC has warned that AI could trigger a financial crisis, as Wall Street rushes to adopt the new technology.
Gary Gensler told the Financial Times that it was “nearly unavoidable” that AI would cause a financial crash as soon as the late 2020s or early 2030s, and said that reliance on models developed by tech companies could lead to economic chaos.
There are again signs on the horizon that the next gold bull market may not be far off. On February 11, Bloomberg reported, “Gold producers with cash on hand are on the hunt for cheap mining assets as rising prices drive shares higher.” $2.7 billion in deals have already been …
Stocks surged today and finding a reason was like reaching your hand into a top hat and pulling out a slip of paper. Reuters The S&P 500 gained 1{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} to 2,062.52, while the Dow Jones Industrial Average rose 211.86 points, or 1.2{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540}, to 17,884.88. The Nasdaq Composite advanced 1{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} to 4,765.10. Oh. And all …
2014 is winding down, with just four trading days left after tomorrow’s Christmas holiday. So what are investors to expect heading into 2015? Over at Bespoke Premium, we’re currently putting the finishing touches on our annual Bespoke Report outlook piece. There’s certainly plenty to cover in this year’s report, and we do…