Financial services firms tanked after the launch of a new AI-powered tax planning tool that promises to do the work "within minutes."
Shares of financial services firms tanked Tuesday after the launch of a new tax planning tool powered by artificial intelligence that promises to do the work “within minutes.”
LPL Financial
tumbled nearly 11%, while Charles Schwab
and Raymond James Financial
both dropped more than 9% amid fears that AI will disrupt their industry next. Morgan Stanley
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Financial stocks wobbled on those claims as investors feared AI tools could replace — or at least lower the value of advisory…
Financial stocks wobbled on those claims as investors feared AI tools could replace — or at least lower the value of advisory…
The AI worries have hit software stocks particularly hard, but they’re spreading to other industries and other markets.
Tech companies are waking up to the fact that AI may be more likely to replace them than help them.
The sell-off in financial services stocks on new fears over artificial intelligence has created a buying opportunity, according…
The software space is facing serious market concerns this week, after the release of new AI tools from AI triggered a market…
