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How AI Is Impacting Wealth Management

Farther is a startup focused on utilizing cutting-edge technology to advance the wealth management business. Farther co-founder and CTO Brad Genser joins Ed Ludlow and Caroline Hyde to discuss how AI is changing the game when it comes to wealth management. He speaks on “Bloomberg Technology.” ——– Like this video? Subscribe to Bloomberg Technology on…

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Farther is a startup focused on utilizing cutting-edge technology to advance the wealth management business. Farther co-founder and CTO Brad Genser joins Ed Ludlow and Caroline Hyde to discuss how AI is changing the game when it comes to wealth management. He speaks on “Bloomberg Technology.”
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6 Comments

6 Comments

  1. Tyshawn Alivia

    August 29, 2023 at 5:49 pm

    I’ve been quite unsure about investing in this current market and at the same time I feel it’s the best time to get started on the market. i was at a seminar and the host spoke about making over $972,000 within 3 Months with a capital of $200,000. I just need creative ideas to afford my retirement.????????????????

    • manu powerrich

      August 29, 2023 at 5:50 pm

      Yes I Agree, I’ve been talking to ALEX L ORLOFF for long now, mostly because I lack the knowledge and energy to deal with these ongoing market circumstances. there are more aspects of the market than the average individual is aware of. Having an investing counselor is now the best line of action, especially for those who are close to retiring

    • manu powerrich

      August 29, 2023 at 5:51 pm

      Run a quick online research with his name.

    • manu powerrich

      August 29, 2023 at 5:51 pm

      He’s Active online through his website

  2. Norman Oro

    August 29, 2023 at 8:06 pm

    This is interesting. I don’t know much about the wealth management industry, but it does seem that there’s an opportunity if you can create a service that provides highly customized wealth management at scale using artificial intelligence and really granular data. The final point in the interview was perhaps the most striking. How do you safeguard data from high-net-worth clients, much of which may be extremely sensitive? There probably isn’t much room for error in the minds of clients; and a data breach would do great harm not only to them but also of course to the firm entrusted with that information. Given that, it makes sense that it sounds like Farther is keeping that data completely in-house for the time being.

  3. rafflesenquiries enquiries

    August 29, 2023 at 8:49 pm

    ???? Key Takeaways for quick navigation:

    00:01 ???? The speaker reflects on his time at Goldman and his current endeavors in wealth management technology with “Farther.”
    00:30 ???? Farther focuses on the high net worth market but believes technology can broaden its audience due to operational efficiencies.
    00:58 ???? They see a huge potential ($420 trillion net worth in the US) and believe AI can help in tapping into this market.
    01:28 ???? There are concerns about regulatory oversight in the AI industry, especially from figures like Gary Gensler.
    01:57 ???? Gary Gensler previously wrote about AI technology, emphasizing the importance of both protecting investors and giving more people access to the markets.
    02:27 ???? Farther believes human interaction is essential in wealth management, despite technological advancements.
    03:20 ???? The speaker reflects on his time at Goldman Sachs and highlights that AI can offer a more personalized wealth management experience.
    04:16 ???? AI allows for a deeply personalized plan that considers various individual factors like taxes, living conditions, and bank account statuses.
    04:46 ????️ Client data protection is a priority; personal data is not sent to large language models.
    05:13 ???? In wealth management, discretion is vital. Good wealth advisors must be trusted with deeply personal information, and this extends to technology too.

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Science & Technology

How Apple’s Lawsuit Could Stall OpenAI’s Hardware Plans

Injunctions, restraining orders, delays. The Equity Podcast crew breaks down how Apple’s trade secret lawsuit could throw a wrench in OpenAI’s hardware ambitions.

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Injunctions, restraining orders, delays.

The Equity Podcast crew breaks down how Apple’s trade secret lawsuit could throw a wrench in OpenAI’s hardware ambitions.

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China’s Moonshot, Netflix’s Slump & Greylock’s $1.5B Bet | Bloomberg Tech 7/17/2026

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Bloomberg’s Ed Ludlow looks at Chinese startup Moonshot’s latest model, which it says can compete with the best from OpenAI and Anthropic. Plus, Netflix shares tumble after the streaming giant warns of slowing sales growth for a second straight quarter. And, Greylock, one of the oldest venture firms, just raised $1.5 billion for its 18th fund. We speak with partner Saam Motamedi.
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Science & Technology

How Apple’s big lawsuit could disrupt OpenAI’s IPO plans | Equity Podcast

Apple filed a trade secrets lawsuit against OpenAI last Friday, and it’s not messing around. The complaint alleges a pattern of misconduct reaching all the way up to OpenAI’s chief hardware officer and claims more than 400 former Apple employees now work at the company. OpenAI’s response so far has been carefully hedged, and the…

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Apple filed a trade secrets lawsuit against OpenAI last Friday, and it’s not messing around. The complaint alleges a pattern of misconduct reaching all the way up to OpenAI’s chief hardware officer and claims more than 400 former Apple employees now work at the company. OpenAI’s response so far has been carefully hedged, and the timing couldn’t be worse with the company reportedly eyeing an IPO as early as later this year.

On this episode of TechCrunch’s Equity podcast, hosts Kirsten Korosec, Anthony Ha, and Sean O’Kane dig into what the lawsuit could mean for OpenAI’s own hardware ambitions and IPO timeline, plus a bigger theme running through the week’s news: how much should anyone trust AI companies with their data?
Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod.

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00:00 Intro

00:40 Would you want Sam Altman listening to you?

01:53 Apple sues OpenAI over trade secrets

13:24 Satya Nadella’s warning: “you’re paying twice” with your data

19:03 Open source vs. going deeper with AI labs

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