The Daily Upside

OpenAI Careens Toward Messy Divorce From Microsoft

Photo via Blondet Eliot/ZUMAPRESS/Newscom

Relations between Microsoft and its financially and technologically intertwined partner OpenAI are on the rocks.

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Why is the Quantum Race Moving Faster?

Photo via Petr Sznapka/ZUMA Press/Newscom

“I don’t think we can think of this as business as usual.”

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Finance Departments Struggle to Balance AI Adoption Risks With Rewards

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Figuring out where to keep a human in the loop is critical for safe deployment.

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IBM Patent Seeks to Help AI Models ‘Unlearn’

Photo via U.S. Patent and Trademark Office

Enterprises are still grappling with balancing innovation and risk as the AI race rages on.

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SPAC Comeback Draws Renewed Interest from Wall Street

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According to SPACInsider data, there have been 58 SPAC offerings so far this year, one more than the total in all of 2024.

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Magnificent 7 May Need to Make Room for Broadcom

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Broadcom joined the trillion-dollar club late last year, and its market cap has only continued to climb since.

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New Home Construction Sinks to Lowest Point Since Pandemic

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It may well be another indicator that the market is finally tipping in buyers’ favor, as the construction industry faces major headwinds.

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What the GENIUS Act Means for Stablecoins and Advisors

US Senator Bill Hagerty. Photo via Aaron Schwartz/Sipa USA/Newscom.

The bill would require tokens to be backed by liquid assets including the US dollar and short-term Treasury bills.

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Why UBS Is the Only Wirehouse to Allow Podcasting

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For years, Mitch Slater urged UBS to let its advisors launch their own shows. Now, more than 50 advisors have them.

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How Advisors Can Avoid Becoming Over-Reliant on AI

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Even for grunt work tasks, unchecked AI use can wind up hurting relationships.

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What Advisors Can Learn from the NBA Finals

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While talent is crucial, success hinges on a leader’s ability to unite individuals behind a common goal.

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Musk’s xAI Holds Talks for Another Massive Fundraising Round

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To catch up in the AI race, Elon Musk’s xAI is going to have to burn some proverbial rubber — and lots and lots of literal cash.

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Proposed Crackdown on Pharma Ads Leaves Cable TV Fearing $10B Withdrawal

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The US and New Zealand are the only two countries that allow pharmaceutical companies to directly advertise to patients on TV.

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Oil Prices Spike as Israel-Iran Conflict Threatens Production, Shipping

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With no immediate end in sight, analysts are weighing multiple possibilities that could affect prices down the line.

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BlackRock Dumps 14 Funds, Many Being Sustainable Products

Photo via Richard B. Levine/Newscom

The asset manager disclosed that it will close and liquidate the mutual funds and ETFs, including the BlackRock Impact Mortgage Fund.

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What the Israel-Iran Conflict Means for Sector ETFs

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ETFs with exposure to shipping and defense have largely held strong despite a series of Israeli missile strikes against Iran.

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Fidelity, Franklin Prep Solana ETFs with Staking

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The SEC has warmed up to crypto ETFs and staking, but whether it will approve both in the same package is a question.

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AmEx Platinum, Chase Sapphire Reserve Battle for Points in Upgrade Grudge Match

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The two cards both have steep annual fees that put them in direct competition for a spot in consumers’ wallets.

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At Paris Air Show, eVTOL Industry Preps for Takeoff

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For key US eVTOL players Joby Aviation and Archer Aviation, the Paris Air Show comes at a critical moment.

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US Flexes Golden Share in Nippon Merger With US Steel

Photo via Kyodonews/ZUMAPRESS/Newscom

The deal is the Trump administration’s attempt to stake out a new path for balancing national security and the influx of foreign capital.

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Advisor Upside

Financial advisor news, market insights, and practice management essentials.

Walmart Patent Signals AI Transformation for Bricks-and-Mortar Retail

Photo via U.S. Patent and Trademark Office

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Why AI Augmentation Tech Is More Than a ‘Cost-Cutting Tool’

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Why Access Controls May Be AI’s Biggest Security Vulnerability

Photo via Pavlo Gonchar

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