JPMorgan’s asset management business will no longer use third party proxy advisory firms for managing voting for U.S. companies, with the firm turning instead to a newly launched AI-powered platform according to a company memo seen by ESG Today.
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By now every firm on Wall Street is well aware of the risks surrounding the artificial intelligence boom. But when it comes to the year ahead, few advocate walking away from what they describe as a "revolutionary" technology. Across the investment outlooks from more than 60 institutions compiled here by Bloomberg News, the optimism is almost universal.
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When companies focus on cost cutting and hoarding cash, they can alienate customers, employees, suppliers, shareholders, and communities—just when they’re needed most.
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