The Daily Upside

BofA Bets on Brick-and-Mortar with 165 New Branches by 2026

Photo by Tony Webster via CC BY 2.0

Bank of America is counting on customers putting down their screens and driving over to an actual bank to speak with a human.

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Fiduciary Ad Campaigns May Be Hitting Home

Photo via Connor Lin / The Daily Upside

More than 6 in 10 retail clients said they are now considering paying for professional advice, according to research from Cerulli.

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Wealthy Families Are Ditching Cash for Riskier Wagers

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Family offices are trimming their cash investments and moving into equity plays as the outlook for global markets improves.

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Latest ETF Taps AI Versions of Buffett, Druckenmiller

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Intelligent Alpha launched a new ETF that leverages AI large-language models to mimic some of the world’s best stock pickers.

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The Biden Administration’s War on Chinese Cars Just Got Bigger

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The Biden administration is introducing a ban on both hardware and software for “connected vehicles” from China and, incidentally, Russia.

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Big Banks Promise to Back Nuclear Energy

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A group of 14 large banks and other financial institutions announced that they’re going to up their support for the nuclear power industry.

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Supply Chain Crisis Looms Amid Port Strike Threats

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The International Longshoremen’s Association is set to strike if a new contract can’t be reached with the United States Maritime Alliance.

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Salesforce Patent Signals Personalization as AI’s ‘Third Wave’

Photo via U.S. Patent and Trademark Office

Salesforce’s recent patent for customizable models highlights the company’s vision of personalized agents as the future of AI.

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IBM Patent Highlights Fundamental Issues with Big Tech’s Net-Zero Goals

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IBM may want to help businesses reach net zero.

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Snap Continues Smart Glasses Push with Energy-Efficient Processing Patent

Photo via U.S. Patent and Trademark Office

The company unveiled a set of specs, as well as a new operating system for them, at its annual Partner Summit last week.

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Macron Taps 33-Year-Old to Lead France Out of Economic Wilderness

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After two months of a post-election stalemate, French president Emmanuel Macron appointed a government Saturday.

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LinkedIn Deepens Its Facebookification with AI Data Scraping

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Reports have surfaced that LinkedIn is quietly opting its users in to data scraping so it can train its large language models.

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TikTok’s Court Battle is Set Against a Larger Tech War

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TikTok kicked off its legal fight challenging the US government’s divest-or-ban law passed in April, calling it unconstitutional.

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Can Voice Assistants Make a Comeback in the Age of AI?

Photo illustration by Connor Lin / The Daily Upside, Photo by Garry Killian via Freepik

Once upon a time, the biggest prestige battle in Silicon Valley was who had the best voice assistant. Then came ChatGPT.

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AI Could Make People ‘Uninsurable,’ Financial Regulator Warns

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The insurance industry needs to be careful when using AI, or else AI black boxes could render consumers uninsurable without any explanation.

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German Government Investigates Itself Over UniCredit’s Shock Commerzbank Stake Purchase

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The German government launched an internal probe to figure out how it was blindsided by UniCredit staking a major position in Commerzbank.

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Walmart Wants to Cut Out Credit Card Networks

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Walmart will soon roll out an option that would allow consumers to pay for online orders directly via instant bank account transfers.

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Apple Seeks Adaptable Model Patent as It Readies to Join AI Race

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An Apple patent to train AI without eating up power highlights the advantages and headwinds the tech giant may face in the market.

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Google AR Patent Highlights Potential Advantage in Smart Glasses Market

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Google is giving smart glasses another go. Can it avoid mistakes of the past?

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PayPal Behavior Tracking Patent Adds to its Advertising Bid

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PayPal’s recent ad tech patent could track user behavior to better target deals.

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Advisor Upside

Financial advisor news, market insights, and practice management essentials.

Can ‘Terror Management Theory’ Explain Inheritance Spending?

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Meet the BlackRock ETF Taking Aim at Invesco’s QQQ

Photo via Erik McGregor/Sipa USA/Newscom

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Neurocrine Scoops Up Hunger-Drug Maker in Latest Multi-Billion-Dollar Pharma Deal

Photo via Andre M. Chang/ZUMAPRESS/Newscom

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