Financial Highlights from the Recent Week You Should Know About:
- AI IN FINANCE: AI bubble? Pffft, this hedge fund uses AI to 5x-10x productivity
Samir Patel of Askelladen Capital, shared in a his recent Q2 newsletter, they are seeing 5 to 10 times productivity with their AI implementation, and this is NOT using AI to replace their investing strategy nor making judgement calls, but to replace & automate mundane “busywork”. Read the full newsletter here. - HR: ANZ Bank staff learn of firings through automated email
In a big oopsie moment, ANZ bank got ahead of themselves by scheduling an automated email asking soon-to-be fired staff to return their laptops.
Unfortunately, the affected staff received this automated email BEFORE actually getting official notice of losing their jobs…
So, are people realizing the email recall function doesn’t do what they think it’s supposed to do? - MARKETS: Investors stay clear of US to Europe’s gain
As chaos and head-scratching policies continue in the US, investors are getting turned off from putting money in the US and turning to European hedge funds instead. - MARKETS: Canadian banking giants all see higher profits
Canada’s big four banks, RBC, Scotiabank, BMO and National Bank reported higher profits for Q3.
However, the on-going tariff and trade war situation is tempering forecasts.
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