The world of artificial intelligence is rapidly evolving, with significant advancements in various sectors. In this news brief, we'll explore the latest developments in AI, from its integration in financial services to its impact on the sports industry.
Chinese AI DeepSeek to See Tiger Brokers Traders’ Data in the Upgraded TigerGPT
Online brokerage firm Tiger Brokers has announced the integration of DeepSeek-R1 artificial intelligence model into its TigerGPT investment platform. This integration enhances the platform's analytical capabilities through improved logical reasoning and financial data processing. The upgraded system provides multi-step analysis of market movements, stock performance, and investment opportunities.
Mantle Network Debuts Funny Money as Flagship AI Agent Launchpad & DeFAI Terminal, Revolutionizing Autonomous Trading
Mantle Network has debuted Funny Money as its flagship AI agent launchpad and DeFAI terminal, revolutionizing autonomous trading. With a $4B treasury, Funny Money marries AI agent capabilities with DeFi to redefine trading dynamics while engaging the community. The launch extends Mantle Network’s proven track record of nurturing successful protocols and decentralized applications (dApps).
Warren Buffett's AI Bets: 24% of Berkshire Hathaway's $299 Billion Stock Portfolio Is in These 2 Artificial Intelligence Stocks
Warren Buffett's Berkshire Hathaway has invested 24% of its $299 billion stock portfolio in two artificial intelligence stocks: Apple and Amazon. Apple is still the largest overall stock holding for Buffett's company, while Amazon is one of the premier names in AI today, developing a large suite of services to establish itself as a leader and benefit from the rise of the technology.
40% of AI Data Breaches Will Arise from Cross-Border GenAI Misuse by 2027: Gartner
Gartner predicts that by 2027, more than 40% of AI-related data breaches will be caused by the improper use of generative AI (GenAI) across borders. The swift adoption of GenAI technologies by end-users has outpaced the development of data governance and security measures, raising concerns about data localisation due to the centralised computing power required to support these technologies.
Grok 3 Launch: What Do AI Models Think About Their Competitor?
Elon Musk's xAI has launched its latest AI model, Grok 3, which Musk earlier called “scary smart”. The launch of Grok 3 has intensified the competition among companies to make their AI model the best in the world. AI models such as OpenAI's o3-mini, Perplexity AI, and Google's Gemini have responded to the launch, highlighting the key features and implications of Grok 3.
Steve Cohen’s Point72 Leads $75 Million Round in Legal AI Startup Luminance
Steve Cohen’s Point72 has led a $75 million financing round in Luminance Technologies Ltd., a startup that uses artificial intelligence to draft and review legal documents. The company has raised over $115 million in the last 12 months and $165m overall, with plans to use the funding to supercharge its US growth and fuel key hires and new offices across the US, APAC, and Europe.
How Meta's Behind-the-Scenes AI Strategy Is Fueling Its Stock
Meta's behind-the-scenes AI strategy is fueling its stock, according to Morgan Stanley managing director Brian Nowak. The company has made significant investments in GPU technology and is now able to enhance user engagement and tailor ads with precision, using data to target users based on their behavior.
Reuters Win in AI Westlaw Case Clears Sports’ Path
A federal judge has ruled in favor of Thomson Reuters in a copyright infringement case against Ross Intelligence, a company that used AI to create a legal-research search engine that relied on materials taken from Thomson Reuters-owned Westlaw. The ruling could have major ramifications for the sports industry, which is increasingly using AI to make decisions on and off the field.
Key Takeaways
- The integration of AI in financial services is becoming increasingly prevalent, with companies like Tiger Brokers and Mantle Network leveraging AI to enhance their platforms and services.
- The sports industry is also being impacted by AI, with companies like Ross Intelligence using AI to create legal-research search engines and teams using AI to make decisions on and off the field.
- The use of generative AI is raising concerns about data localisation and the need for better data governance and security measures.
- The legal industry is also being impacted by AI, with companies like Luminance using AI to draft and review legal documents.
- Meta's behind-the-scenes AI strategy is fueling its stock, according to Morgan Stanley managing director Brian Nowak.
Sources
- Chinese AI DeepSeek to See Tiger Brokers Traders’ Data in the Upgraded TigerGPT
- Mantle Network Debuts Funny Money as Flagship AI Agent Launchpad & DeFAI Terminal, Revolutionizing Autonomous Trading
- Warren Buffett's AI Bets: 24% of Berkshire Hathaway's $299 Billion Stock Portfolio Is in These 2 Artificial Intelligence Stocks
- 40% of AI data breaches will arise from cross-border GenAI misuse by 2027: Gartner
- Grok 3 launch: What do AI models think about their competitor?
- Steve Cohen’s Point72 Leads $75 Million Round in Legal AI Startup Luminance
- Luminance Bags $75m, Slaughter and May Invests Again
- Legal AI-startup Luminance, backed by the late Mike Lynch, raises $75M
- How Meta's behind-the-scenes AI strategy is fueling its stock
- Reuters Win in AI Westlaw Case Clears Sports’ Path