Topic
Business UK EU

AI startups spark wealth selloff

1m

AI startups Altruist and Tuio launched automated adviser tools, prompting a selloff in UK and European wealth-manager shares, with St. James’s Place falling by double digits.

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"For this story, Fortune journalists used generative AI as a research tool."
February 11, 2026 at 10:22 AM
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AI could transform the economy by year’s end www.vox.com/politics/478...
AI could transform the economy by year’s end
You just got more replaceable.
www.vox.com
February 11, 2026 at 12:20 PM
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Maybe industrial policy isn’t picking winners but using the right mechanisms to innovate.
Zhuoying You & I show in @spatialeconomic.bsky.social that #AI adoption & #robots raise #innovation, especially in less innovative places and improve the returns of R&D spendomg.
doi.org/10.1080/1742...
AI and robotics as drivers of China’s urban innovation
Few studies have examined the economic consequences of deploying artificial intelligence (AI) and robotics in less-developed cities, where policies have often failed. To address this gap, we analys...
doi.org
February 11, 2026 at 8:47 AM
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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...
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
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For all of you worrying that AI will outsmart us, here is some comfort (probably short lived though).
February 11, 2026 at 7:52 AM

Reposted by Joanna Bryson

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Do you know of anyone using automation and AI creatively to monitor corporate accountability?
February 11, 2026 at 10:33 AM