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Things To Know

1. Archie, the first search engine has been rescued. An explainer for the OG’s [explained]

2. More than 1,000 vowed to not work at Google due to “ Project Nimbus”

3. Scale AI released their “readyness report” a shocking 8% of companies have not seen positive outcomes. [ link ]

Adobe claims: ‘It won’t train AI on customers’

Adobe is updating its terms of service to address customer concerns and clearly state it won't use their work for AI training. The changes, announced in a blog post, follow a week of backlash over fears an update would allow their content to be used for AI training.

Wadhwani expressed confidence in content moderation around Adobe Stock and Firefly training data, but acknowledged it's never perfect. He stated Adobe can remove policy-violating content from Firefly's training data and customers can opt out of systems designed to improve the service

Ongoing Creative Community Concerns

The creative community has longstanding issues with Adobe, including its alleged monopoly, subscription-based pricing, and use of generative AI. Adobe trained its Firefly AI model on Adobe Stock images, licensed content, and public domain content to avoid ethical concerns, but creators have found images referencing their work on Adobe's stock platform, making it hard to trust the protections. discussion

Recognizing that "trust must be earned," the company must continue to prioritize transparency and proactive communication. However, the ongoing concerns from the creative community highlight challenges Adobe faces in fully resolving issues around its use of AI and maintaining trust with its customer base, the creators.

Does GenZ think stocks are shady?

A growing divide exists between younger and older generations of wealthy investors in their views on traditional investment vehicles. According to a Bank of America study, nearly three-quarters of Millennial and Gen Z respondents with at least $3 million in assets believe stocks and bonds alone can no longer deliver above-average returns. The study suggests that past market volatility, including the 2000-2002 bear market and the 2008-2009 downturn, may have instilled a cautious mindset in younger investors.

As a result, they are increasingly turning away from stocks and bonds, which ranked near the bottom of their preferred investment options for growth potential. Instead, real estate, cryptocurrency, and private equity have become more appealing to this demographic.

Collecting

GenZ wants collectables. It was a generation that was raised in Pokeman’cards. It is a generation that experienced the Game Stop saga, the turbulence of a uncertain stock market with firs tine investors flocking to robinhood apps with a free slice of share. Applications like Robinhood, and Rally offer the opportunity to invest in fractional shares of collectables. Whilst, Robinhood peaked during the pandemic. It was the first experience GenZ had to investing

This trend signals a shift in how younger generations view wealth accumulation and the types of investments that resonate with them.

Changing Information Sources

The way in which different generations consume financial information also highlights the growing divide. The younger generation follow twitter accounts, TikTok and personalities for news sources. This reliance on social platforms for financial information underscores the changing landscape of investment advice and education. Younger investors are more likely to be influenced by the perspectives shared on these platforms, which can include a wide range of voices beyond traditional financial advisors. You can read the full report here.

Finance

• Nvidia, part of the elite 'Magnificent Seven' group of Big Tech stocks, fell 3% Thursday, impacting the S&P 500.

• Bull Or Bear? The S&P 500 and Nasdaq are set to end the week at record highs today, fueled by AI excitement despite concerns over market breadth. Economic data suggests a potential slowdown, with higher jobless claims and weaker housing and manufacturing numbers. Despite the holiday closure on Wednesday, the market is poised for a winning week.