“Three months ago, an AI assistant told you what to do next. Now, four of them do it for you. Instinct raised $1 billion at a $10 billion valuation this week, one year after its founding. Meta launched Muse on September 8, and it climbed to the top of the US App Store’s free chart….
Tag: Muse
Impact of AI Assistants on Margin
“Toms said AI has the potential to ‘structurally compress deposit margins’ in the longer term due to increased competition. ‘The industry would likely respond by widening lending spreads,’ he said, which would put up the cost of credit for borrowers. It is because of these concerns that banking stocks have underperformed since the launch of…