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European brokers face AI turmoil

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AI-powered startups and autonomous agents drove sharp declines in European wealth-manager and broker stocks, rattling financial markets and fueling concern about job displacement and industry disruption.

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HARVARD BUSINESS REVIEW: “.. In our in-progress research, we discovered that AI tools didn’t reduce work, they consistently intensified it.”

hbr.org/2026/02/ai-d...
February 10, 2026 at 1:17 PM
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That little market freakout is a real mechanism: if AI makes it cheap to do what a vendor used to sell you, the vendor’s future profits fall—even as the rest of us get more productive.
February 10, 2026 at 12:52 PM
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Notice a ton of commercials pushing AI during last night's Super Bowl?

Here's why these companies are so eager to get you to adopt it in your life (hint: it's a bubble). https://www.youtube.com/watch?v=0wxBHxpMFXA
Brace Yourself for the AI Bubble
Are we watching an AI revolution, or a slow-motion economic disaster?
www.youtube.com
February 9, 2026 at 8:45 PM
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Reposted by Lionel Page

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Reposted by Richard Baldwin

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AI could transform the economy by year’s end www.vox.com/politics/478...
AI could transform the economy by year’s end
You just got more replaceable.
www.vox.com
February 11, 2026 at 12:20 PM
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2025 announced layoffs: AI or DOGE? #EconSky
econbrowser.com/archives/202...
February 9, 2026 at 9:41 PM
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... Some traders are simply hunting for better deals than the richly priced shares offered at home. Others are hoping to diversify out of major domestic indexes dominated by just a handful of names in the tech industry."

#markets #stocks #investing #investors

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February 10, 2026 at 1:02 PM

Reposted by Anton Korinek

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... 0.4% forecast, and the “Control Group” contracting by -0.1% (versus the expected 0.4% gain).
This December cooling of retail sales underscores the importance of AI-related industrial and service sectors as drivers of growth.
#economy #retailsales #markets #growth

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February 10, 2026 at 1:47 PM
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these corporate robots dont just write with AI, now they speak like AI bots
February 10, 2026 at 8:04 AM
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In our fully automated AI future money itself could be just a hollow prop so there’ll definitely be no point to banks or money managers and an industry that continually reinvents ways to earn fees will be gone.
@opinion.bloomberg.com
www.bloomberg.com/opinion/arti...
AI Threatens the Finance Industry's Perpetual Profit Machine
Artificial intelligence doesn’t only threaten to put herds of software businesses out to pasture. Anthropic PBC’s schooling of its Claude models in financial modelling has also sent a cold shiver down...
www.bloomberg.com
February 11, 2026 at 7:31 AM
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Two-speed diffusion: Fast take-up, gradual deepening
A survey of German firms shows over half of firms currently use generative AI or expect to use it by the end of the year. Firms expect productivity, wages, and demand for high-skilled workers to rise, with little change in low-skill employment.
E Falck & A Nagengast
cepr.org/voxeu/column...
#EconSky
February 10, 2026 at 1:16 PM

Reposted by Daniel Katz

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Reposted by Daniel Katz

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