AI sparks wealth stocks plunge
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Shares in UK and European wealth managers plunged as investors punished firms over mounting competition from AI-powered startups, and St. James’s Place fell by double digits.
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Sadly the UK debt ignores a lot of very good work on the c impact of AI because it's so framed in terms of AI and not how AI interacts with organisational and individual routines, processes etc.
February 11, 2026 at 11:38 PM
Sadly the UK debt ignores a lot of very good work on the c impact of AI because it's so framed in terms of AI and not how AI interacts with organisational and individual routines, processes etc.
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...
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
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...
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...
The structural problem about failure to regulate monopolies etc is a disaster here. AI hype etc has a dismal impact on that.
February 11, 2026 at 11:15 PM
The structural problem about failure to regulate monopolies etc is a disaster here. AI hype etc has a dismal impact on that.
"For this story, Fortune journalists used generative AI as a research tool."
February 11, 2026 at 10:22 AM
"For this story, Fortune journalists used generative AI as a research tool."
Reposted by Tom Griffin
My doomer-worry about AI is not that the LLMs become omnipotent and take over the world but that the wealthy and powerful use it as a means to consolidate power and marginalize or lay off skilled workers and also everything about our technological and political and social life gets worse
February 11, 2026 at 8:20 PM
My doomer-worry about AI is not that the LLMs become omnipotent and take over the world but that the wealthy and powerful use it as a means to consolidate power and marginalize or lay off skilled workers and also everything about our technological and political and social life gets worse
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
AI could transform the economy by year’s end www.vox.com/politics/478...
does anyone who is seriously thinking about AI doubt this? AI is many things and the hype varies too. this in part is why ppl like @alondra.bsky.social and others promoted an AI bill of rights that trump
promptly dismantled.
promptly dismantled.
February 11, 2026 at 5:08 PM
does anyone who is seriously thinking about AI doubt this? AI is many things and the hype varies too. this in part is why ppl like @alondra.bsky.social and others promoted an AI bill of rights that trump
promptly dismantled.
promptly dismantled.
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.
@opinion.bloomberg.com
www.bloomberg.com/opinion/arti...
@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
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...
Reposted by Stacy D. VanDeveer
"Charting AI’s development within its proper economic and geopolitical context...Srnicek’s guide can help us maintain a long-term, realistic perspective of the technology’s likely trajectory.”
@jacobinmag.bsky.social review @nsrnicek.bsky.social's 'Silicon Empires'
jacobin.com/2026/02/ai-b...
@jacobinmag.bsky.social review @nsrnicek.bsky.social's 'Silicon Empires'
jacobin.com/2026/02/ai-b...
How Big Tech Learned to Stop Worrying and Love the Bombs
Until quite recently, many Big Tech firms opposed the militarization of AI, but that now seems like ancient history as they move to sign partnerships with arms companies. The prospect of lavish Pentag...
jacobin.com
February 11, 2026 at 10:12 AM
"Charting AI’s development within its proper economic and geopolitical context...Srnicek’s guide can help us maintain a long-term, realistic perspective of the technology’s likely trajectory.”
@jacobinmag.bsky.social review @nsrnicek.bsky.social's 'Silicon Empires'
jacobin.com/2026/02/ai-b...
@jacobinmag.bsky.social review @nsrnicek.bsky.social's 'Silicon Empires'
jacobin.com/2026/02/ai-b...
Reposted by Meredith Broussard
OpenAI has disbanded the team it formed in 2024 to advance the company's stated mission to ensure that artificial general intelligence benefits all of humanity.
They’re speed running the rise and fall of Google’s reputation down to when they got rid of “Don’t be evil” as a company motto.
They’re speed running the rise and fall of Google’s reputation down to when they got rid of “Don’t be evil” as a company motto.
Exclusive: OpenAI disbanded its mission alignment team
Joshua Achiam will become the company's chief futurist
www.platformer.news
February 11, 2026 at 5:00 PM
OpenAI has disbanded the team it formed in 2024 to advance the company's stated mission to ensure that artificial general intelligence benefits all of humanity.
They’re speed running the rise and fall of Google’s reputation down to when they got rid of “Don’t be evil” as a company motto.
They’re speed running the rise and fall of Google’s reputation down to when they got rid of “Don’t be evil” as a company motto.
I have no clue about how it will evolve, but part of this "jump on AI train now" cries also seem to be motivated by the AI crowd wanting faster adoption of their product, more input to train their product, higher investor confidence, eventually a bigger impact (incl brainwashing capacities) faster.
February 11, 2026 at 9:27 AM
I have no clue about how it will evolve, but part of this "jump on AI train now" cries also seem to be motivated by the AI crowd wanting faster adoption of their product, more input to train their product, higher investor confidence, eventually a bigger impact (incl brainwashing capacities) faster.
by Louis Moresi
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
For all of you worrying that AI will outsmart us, here is some comfort (probably short lived though).
Reposted by Jutta Haider, Steven French
Microsoft released a study showing the 40 jobs most at risk by AI:
February 11, 2026 at 12:30 AM
Microsoft released a study showing the 40 jobs most at risk by AI:
www.techpolicy.press/the-real-cos...
"While the European Union is starting to distance itself from US Big Tech monopolies with countries moving towards tech sovereignty, the AI Skills Hub is one example of how, conversely, the UK is moving away from sovereignty to greater dependency."
"While the European Union is starting to distance itself from US Big Tech monopolies with countries moving towards tech sovereignty, the AI Skills Hub is one example of how, conversely, the UK is moving away from sovereignty to greater dependency."
The Real Cost of the UK’s ‘Free AI Training for All’ is Democracy
Researchers argue the UK's 'AI Skills Hub' should be re-thought with input from civil society groups and public interest organizations.
www.techpolicy.press
February 10, 2026 at 11:37 PM
www.techpolicy.press/the-real-cos...
"While the European Union is starting to distance itself from US Big Tech monopolies with countries moving towards tech sovereignty, the AI Skills Hub is one example of how, conversely, the UK is moving away from sovereignty to greater dependency."
"While the European Union is starting to distance itself from US Big Tech monopolies with countries moving towards tech sovereignty, the AI Skills Hub is one example of how, conversely, the UK is moving away from sovereignty to greater dependency."