Topic
Business UK EU

AI sparks wealth stocks plunge

2m

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.

33%
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

Reposted by Gérard Govers

5%

Reposted by Joanna Bryson

2%
Do you know of anyone using automation and AI creatively to monitor corporate accountability?
February 11, 2026 at 10:33 AM
56%
"For this story, Fortune journalists used generative AI as a research tool."
February 11, 2026 at 10:22 AM

Reposted by Stacy D. VanDeveer

8%
"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...
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
95%
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
95%
2%
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
19%
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