Posted by kingpin15 on 10th of Feb 2026 at 02:28 pm
Feb 10 (Reuters) - Shares of U.S. brokerages fell on Tuesday
after wealth management startup Altruist introduced AI-enabled tax
planning features, as the still-nascent technology continues to
fuel disruption fears for the incumbents.
The selloff reflects growing investor anxiety toward legacy
financial and tech firms as AI-first startups automate complex
tasks that were long the exclusive domain of expensive human
advisors.
Charles Schwab slipped 6.4%, LPL Financial dived 8.3%,
Raymond James Financial was down 7%, and Stifel Financial fell
6.5%.
On one hand they say AI is an overbuilt bubble with no use
cases, then on the other they say AI will wipe out any incumbent
software or service. The last couple of days we've watched
SPGI (financial reporting), MRSH (insurance), SCHW (finance), and
of course the months of software beatings (NOW) due to AI fears.
Simply crazy moves
Posted by kalkgrun on 10th of Feb 2026 at 09:11 pm
The Atlantic has an article about this. "In May 2025, Dario
Amodei, the CEO of the AI company Anthropic, said that AI could
drive unemployment up 10 to 20 percent in the next one to five
years and “wipe out half of all entry-level white-collar jobs.” Jim
Farley, the CEO of Ford, estimated that it would eliminate
“literally half of all white-collar workers” in a decade. Sam
Altman, the CEO of OpenAI, revealed that “my little group chat with
my tech-CEO friends” has a bet about the inevitable date when a
billion-dollar company is staffed by just one person."
SCHW - big drop
Posted by timebandit on 10th of Feb 2026 at 01:07 pm
SCHW - big drop
Feb 10 (Reuters) - Shares
Posted by kingpin15 on 10th of Feb 2026 at 02:28 pm
Feb 10 (Reuters) - Shares of U.S. brokerages fell on Tuesday after wealth management startup Altruist introduced AI-enabled tax planning features, as the still-nascent technology continues to fuel disruption fears for the incumbents.
The selloff reflects growing investor anxiety toward legacy financial and tech firms as AI-first startups automate complex tasks that were long the exclusive domain of expensive human advisors.
Charles Schwab slipped 6.4%, LPL Financial dived 8.3%, Raymond James Financial was down 7%, and Stifel Financial fell 6.5%.
On one hand they say
Posted by jared95 on 10th of Feb 2026 at 03:37 pm
On one hand they say AI is an overbuilt bubble with no use cases, then on the other they say AI will wipe out any incumbent software or service. The last couple of days we've watched SPGI (financial reporting), MRSH (insurance), SCHW (finance), and of course the months of software beatings (NOW) due to AI fears. Simply crazy moves
The Atlantic has an article
Posted by kalkgrun on 10th of Feb 2026 at 09:11 pm
The Atlantic has an article about this. "In May 2025, Dario Amodei, the CEO of the AI company Anthropic, said that AI could drive unemployment up 10 to 20 percent in the next one to five years and “wipe out half of all entry-level white-collar jobs.” Jim Farley, the CEO of Ford, estimated that it would eliminate “literally half of all white-collar workers” in a decade. Sam Altman, the CEO of OpenAI, revealed that “my little group chat with my tech-CEO friends” has a bet about the inevitable date when a billion-dollar company is staffed by just one person."
Ai & Claude going industry
Posted by Glad on 10th of Feb 2026 at 02:37 pm
Ai & Claude going industry by industry -software--financial services -insurance--what`s next ??
I think food is still safe :)