AI surprises; European shares tumble
7h
A new AI application surprised investors and sent shares of European asset managers and brokers sharply lower, market analysts said.
by Paul Davies
In our fully automated AI future money itself could be just a hollow prop so there’ll definitely be no point to banks or money managers and an industry that continually reinvents ways to earn fees will be gone.
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AI Threatens the Finance Industry's Perpetual Profit Machine
Artificial intelligence doesn’t only threaten to put herds of software businesses out to pasture. Anthropic PBC’s schooling of its Claude models in financial modelling has also sent a cold shiver down...
www.bloomberg.com
February 11, 2026 at 7:31 AM
In our fully automated AI future money itself could be just a hollow prop so there’ll definitely be no point to banks or money managers and an industry that continually reinvents ways to earn fees will be gone.
@opinion.bloomberg.com
www.bloomberg.com/opinion/arti...
@opinion.bloomberg.com
www.bloomberg.com/opinion/arti...