The Daily Upside

Artificial Intelligence

Meta Turns to an Old Strategy to Boost New AI Business

Photo by Anthony Quintano via CC BY 2.0

Meta debuted the latest version of Llama, its large-language model. Unlike rival ChatGPT, Llama is open source.

2 min read
Consumer

Airlines Have Finally Hit a Ceiling on Fares

Photo by Nastya Dulhiier via Unsplash

Ryanair said it had seen its profits take a 46% nosedive, and would have to offer “materially lower” airfares for the busy summer period.

1 min read
Media & Entertainment

Even Apple is Getting Tired of the Streaming Industry Treadmill

Photo by Omid Armin via Unsplash

After years of spending big with little to show for it, Apple is attempting to rein in costs at Apple TV+.

2 min read
International Economics

China Makes Surprise Rate Cuts Following Top Policy Meeting

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The People’s Bank of China unexpectedly lowered its benchmark lending rates and a noteworthy short-term policy rate.

1 min read
Advisor Upside

Advisory Firms Say Thanks, But No Thanks to AI

Photo by Markus Spiske via Unsplash

Artificial intelligence may be one of the fastest-growing tools in business, but don’t tell that to the compliance department.

2 min read
Advisor Upside

Client Assets Rebound on Strong Referral Strategies

Photo by Joshua Mayo via Unsplash

Assets under management for RIAs rebounded sharply last year, and not just because of the markets’ blistering performance.

1 min read
Advisor Upside

Why This Little-Known Wall Street Revenue Stream Is Drying Up

Photo by Toonari Post via CC BY-SA 2.0

The jig may be up for cash sweeps, which have long been one of Wall Street’s most lucrative — and hush-hush — revenue streams.

2 min read
Patent Drop

Meta VR Cloud Gaming Patent Could Clear the Way for Lighter Headsets

Photo via U.S. Patent and Trademark Office

While cloud gaming platforms through Microsoft’s Xbox and Nvidia are already available to consumers, artificial reality cloud streaming isn’t quite…

2 min read
Patent Drop

Ford Drone Patent May Create an Autonomous Driving Russian Doll

Photo via U.S. Patent and Trademark Office

Patents like this serve as a reminder that autonomous vehicles look like more than just cars themselves.

2 min read
Patent Drop

Boeing Seeks Fault-Tracking Patent Amid Safety Backlash

Photo via U.S. Patent and Trademark Office

Though AI has the potential to make troubleshooting issues a much more streamlined process, models still often face accuracy issues.

2 min read
Consumer

Starbucks Becomes the Target of Activist Campaign

(Photo by Ben White on Unsplash)

Activist investing firm Elliott Management has taken a significant stake in Starbucks, and has already begun pushing for strategic changes.

1 min read
International Economics

London’s Days as the World’s Money-Laundering Capital May Be Numbered

Photo by Aron Van de Pol via Unsplash

London has been the world’s top spot for money laundering, but that could be changing. Roughly 17% of UK millionaires are leaving.

2 min read
Technology

Y24K: Three Days After the Biggest IT Outage in History

Photo by Tima Miroshnichenko on Pexels

A single file in a defective software update caused a global IT outage that disrupted airports, banks, hotels, trains, hospitals, and more.

1 min read
Big Tech

Who has Liability in the Shifting World of e-commerce?

Photo illustration by Connor Lin / The Daily Upside, Photos by Zlatko Plamenov and DilokaStudio via Freepik

Amazon has largely dodged liability for the products sold on their virtual shelves. But could the legal tides be shifting?

6 min read
Media & Entertainment

Warner Bros. Discovery Mulls Break-Up Plan

Photo by Chris Yarzab via CC BY 2.0

Just two years after the mega-merger that brought Warner Bros. and Discovery together, it’s discussing dramatic plans to break up.

2 min read
Consumer

Diamonds Come Under Even More Pressure from Sluggish China Demand

Photo by Li Zhang via Unsplash

Anglo American is cutting back diamond production to try to hedge against China’s continued ambivalence toward the gemstones.

2 min read
Autos

Ford Spends $3 Billion to Ramp Up Truck Production, Volvo Reports Electric Results

Photo by Denley Photography via Unsplash

Ford will spend $3 billion to expand production of its popular combustion engine large trucks; Volvo reported a record core operating profit.

2 min read
Patent Drop

Amazon Explainability Patent Could Bring Responsible AI to AWS

Photo via U.S. Patent and Trademark Office

Amazon wants to keep its AI models on a leash.

2 min read
Patent Drop

JPMorgan Chase’s Patent Tracks Data with Blockchain

Photo via U.S. Patent and Trademark Office

JPMorgan Chase may want to put blockchain to work.

2 min read
Patent Drop

Google Patent Could Help Robots Have Better Memories

Photo via U.S. Patent and Trademark Office

Google’s patent to give robots a long-term memory could signal the next frontier in AI-based robotics.

2 min read

FA Upside

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

Eli Lilly’s Weight-Loss Drug Finally Off FDA Shortage List

Photo by Jetcityimage via iStock

1 min read
Climate Change Forces Starbucks Deeper into Coffee R&D

Photo by Shelby Murphy Figueroa via Unsplash

2 min read
Dock Workers Agree to Pause Historic Strike To Negotiate New Contract

Photo by Chuttersnap via Unsplash

2 min read

Eli Lilly’s Weight-Loss Drug Finally Off FDA Shortage List

Climate Change Forces Starbucks Deeper into Coffee R&D

Dock Workers Agree to Pause Historic Strike To Negotiate New Contract