🏆🤖Happy Friday the 13th

AI Drives Productivity in Banking, Todays Trending AI Tools, and more...

THE PROFITS💸

Happy Friday the 13th, Opportunists! 🕷️

While the superstitions are in full swing, tech innovation isn’t slowing down—if anything, it’s speeding up by the hour! 🚀 From groundbreaking AI tools to next-gen gadgets, today's advancements are proving that luck’s got nothing to do with it. Stay sharp, stay inspired, and let’s dive into the tech magic unfolding this Friday! 💡✨

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AI in Banking

🦾🤖AI Drives Productivity in Banking📈

AI is proving to be a game-changer in productivity for banks, yet its potential for direct revenue generation remains elusive, according to experts at the Reuters Next conference.

Major banks like Goldman Sachs and BNY Mellon are leveraging AI to streamline coding, human resources, and risk management tasks.

Goldman’s CEO David Solomon highlighted how AI could boost coding productivity by 20-30% among its 11,000 engineers, offering a “huge tailwind” for the company. BNY Mellon’s CEO Robin Vince noted thousands of employees are now equipped with AI-powered agents to handle daily tasks.

Despite these gains, the technology hasn't yet translated into new revenue streams. Kristin Milchanowski, Chief AI and Data Officer at BMO, explained that while AI has significantly reduced task times—cutting equities report generation from four hours to one—it's primarily enhancing efficiency rather than driving profits.

Future success, Milchanowski stressed, lies in pinpointing AI’s potential for optimizing trades and generating clients, moving beyond the productivity boost to redefine financial services.

Google, Android, Samsung…

I Can See the Future😎

Google’s latest tech ambitions leap off the screen and into reality with their smart glasses prototype, powered by the Gemini assistant, and a mixed-reality platform called Android XR.

These glasses, lightweight yet bold in design, can see and hear what you do, translating languages, narrating art, and even summarizing books in real time.

Meanwhile, Android XR marks a major step into extended reality, crafted in collaboration with Samsung and Qualcomm. From helping you navigate a coffee machine to virtually exploring Peru with Gemini, these developments promise a seamless blend of AI and reality.

While Google and Samsung aim to redefine spatial computing, questions linger about the longevity of such ambitious ventures in a crowded tech landscape.

One thing’s clear: the line between the digital and physical world is rapidly blurring.

Entertainment

Daily Word Quiz!!🤔

Can you guess these book titles based on the string of emojis?

  1. 🏹 🔥 🕊️

  2. 💍 🌋 🧙‍♂️

  3. 🦁 🚪 ❄️

  4. 🧟‍♂️ ⚡ 🧪

  5. 🧙‍♂️ ⚡ 🪄 🪨

Did you find them?

Trending Now

Todays Trending AI Tools🤖👍

Enhance your visions, approach, and security:

  • DeepL: Renowned for its high-accuracy translations, DeepL utilizes advanced AI to provide nuanced and contextually appropriate translations, facilitating seamless communication in multilingual business environments.

  • Google Gemini: Google's AI language model, Gemini, offers rich, context-aware responses across various topics. Integrated with Google services, it serves as a robust tool for research, planning, and creative tasks, enhancing productivity through advanced language understanding.

  • Character AI: This platform allows users to create and interact with AI-generated characters, providing a unique approach to customer engagement and support. Businesses can leverage Character AI to develop personalized customer service experiences, thereby improving client satisfaction.

  • SmythOS: Redefining AI Agent Creation. Deploy AI agents effortlessly—no coding required. Just articulate your vision, and Agent Weaver brings it to life, seamlessly integrating the top AI models and APIs to craft the perfect solution for your needs.

  • Multilogin: Your Gateway to Seamless Online Management. Craft multiple distinct browser profiles, effortlessly bypassing anti-fraud systems while safeguarding privacy. Perfect for web scraping, marketing, and traffic arbitrage, it’s your ultimate tool for managing multiple accounts with ease and precision.

Business & Markets

📉Key Movements in Tech and Inflation Insights📈

  • Nasdaq Hits a Record, But Futures Dip
    The Nasdaq crossed the 20,000 mark for the first time, driven by surging tech stocks. However, U.S. stock futures are trending lower this morning, with the Nasdaq, S&P 500, and Dow Jones all in the red. Bitcoin remains above $100,000, while 10-year Treasury yields edge up to 4.3%.

  • Adobe Shares Tumble After Revenue Warning
    Adobe stock plunged 11% in premarket trading after issuing weaker-than-expected revenue forecasts for 2025 and Q1. Despite beating Q4 revenue estimates with an 11% year-over-year increase to $5.61 billion, the cautious outlook has rattled investors.

  • Alphabet and Tesla Continue to Surge
    Alphabet and Tesla stocks soared to new all-time highs yesterday, fueled by Alphabet’s unveiling of its Gemini 2.0 AI model and Tesla’s momentum in self-driving technology and robotics. Both stocks are climbing even higher in early trading.

  • Inflation Data Steady as Economists Await PPI
    November’s Producer Price Index, set for release at 8:30 a.m. ET, is expected to reflect steady wholesale inflation at 0.2%, aligning with economists’ forecasts. This follows Tuesday’s Consumer Price Index data, which showed inflation ticking up as predicted.

  • Broadcom and Costco Earnings in Focus
    Investors are eyeing after-hours earnings reports from Broadcom and Costco. Analysts project strong year-over-year revenue growth for both companies, with Broadcom’s revenue expected to rise 51% and Costco’s to hit $62.06 billion, an increase from last year’s $57.8 billion.

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