Morgan Stanley is getting into the “robo-advice” business, where software manages funds instead of people. The service, Access Investing, is aimed at younger investors, and helps them put their money with the businesses they’re most interested in.
“Forty percent of our clients have chosen to invest in a theme, and the most popular ones [are] robotics and artificial intelligence,” Naureen Hassan, Chief Digital Officer for Wealth Management at Morgan Stanley, told Cheddar.
The financial firm rolled out its Access Investing division, which focuses on advising clients online, in December. Hassan says that her team has seen a lot of engagement with from people 45 and under.
Robo-advisers, or digital investment portfolios, are not very new. The field has competitors, such as Betterment or Wealthfront, that have been making strides in the sector.
But Morgan Stanley says it’s betting on its legacy to differentiate itself in the industry.
“We think it’s the Morgan Stanley investing expertise that really differentiates it,” Hassan said. “That’s why we are offering clients choice, it just isn’t only a passive portfolio, we believe in a mix of assets.”
The founder of the streaming platform, DeShuna Elisa Spencer, created KweliTV after realizing that there was barely any content she could relate to on other channels. KweliTV now has 30,000 paying subscribers and is home to independent films, shows, and documentaries by and for the black community.
IBM on Monday hosted a debate between live humans and an AI-powered robot that managed to hold its own, scanning through research and news reports to formulate arguments against its opponents. It even managed to convince the audience to favor its stance, displaying its nuanced ability to create persuading opinions. "This is a great tool for helping educate the public," says Arvind Krishna, SVP & Director of IBM Research.
Each team competing in the hugely popular esports competition, which culminates in the sold-out Grand Finals at Brooklyn's Barclays Center next month, is attached to a city, giving fans a reason to follow. "We wanted to make an esport league that was really easy to follow," says Overwatch commissioner Nate Nanzer.
In Cheddar's interview with Gary Vaynerchuk, the CEO of VaynerMedia talks about the state of advertising, if it is the year of independent agencies, and what type of growth to expect.
Gary Vaynerchuk, CEO of VaynerMedia, joins Cheddar CEO Jon Steinberg from the Cannes Lions International Festival of Creativity to discuss the future of voice technologies like Amazon's Alexa and the Google Home. He says development for the platform is just getting started.
Video games and esports, which are front and center at the Cannes Lions International Festival of Creativity this week, have caught the attention of the entrepreneur and CEO of VaynerMedia. "I have been lurking in the grass, as they say," he told Cheddar's Jon Steinberg.
Google is investing $550 million in Chinese e-commerce giant JD.com. Now, JD.com products will be featured on Google's shopping service. JD.com is China's second largest e-commerce company, just behind Alibaba.
Audi CEO Rupert Stadler was arrested on Monday in Germany. Authorities detained him for fear that he would interfere with the ongoing investigation into Volkswagen over its emissions testing scandal. Volkswagen is the parent company of Audi.
Pressure is mounting on President Trump to end the zero-tolerance immigration policy that's separating children and parents at the border. Mike Allen, executive editor at Axios, weighs in on the controversy.
The game plays "so smoothly" on Nintendo's Switch console, says the eSports commentator and Twitch broadcaster. The Japanese gaming giant made the uber-popular game available on its latest device at E3 this week.
Blockparty wants to stop bots from nabbing all the good seats at your favorite concert and prevent ticket fraud by using blockchain technology to sell tickets, says Shiv Madan, CEO of the ticket-selling start-up.
The technology company has reportedly been developing check-out technology that, much like the Amazon Go store, tracks what shoppers add to their cart and bills them automatically. Microsoft's decision to develop this technology is driven by its ambition to boost its cloud business, says Jeffrey Dastin, the Reuters technology correspondent who first reported the story.
