US tech stocks were the success story of 2024 with the Magnificent Seven companies – Apple, Amazon, Google, Meta Platforms, Microsoft, Nvidia and Tesla – returning over 60 per cent last year and contributing to a more than 20 per cent increase in the S&P 500.
Artificial intelligence (AI) is inescapable, and the investment management industry has chosen to embrace it wholeheartedly.
Fears about the integrity and reliability of crucial corporate reporting data are weighing on the minds of finance leaders around the world, but hopes are rising that Artificial Intelligence (AI) may offer some much-needed answers, according to the 2024 EY Global Corporate Reporting Survey.
The number of UK financial institutions investing in artificial intelligence (AI) has doubled within a year, according to Lloyds Bank’s ninth annual Financial Institutions Sentiment Survey. Almost two-thirds (63 per cent) of respondents are investing in the emerging technology, up from one third (32 per cent) in 2023.
