Artificial Intelligence: Unprecedented Disruption

Artificial Intelligence (“AI”) and Machine Learning (“ML”) have been utilized in tech for over a decade; however, recent headlines and actions taken by ChatGPT, Microsoft, and Google have shown how accessible and more advanced this generational innovation is. While many users’ first experience of AI involved using prompts to generate grocery lists or vacation ideas, the implications for businesses and employees will be far more impactful.

This week's highlight article from Goldman Sachs provides a thorough review of the recent advancements in AI and highlights the key areas of disruption this technology will likely bring.

Artificial intelligence: an unprecendented distruption (goldman sachs)

Savings Remains Elevated

The "excess savings" economists often refer to was driven by a combination of a significant drop in spending and increase in fiscal support during the pandemic. A degree of this "excess savings" has been spent down over the past 1.5 years but continues to be elevated.

What Else We're Reading

renters get the upper hand (the wall street journal)

a fed pause or hawkish skip?(jp morgan)

the pros and cons of travel insuRANCE (business insider)

Legacy Trust Family Wealth Offices

4200 Marsh Landing Blvd, Suite 100

Jacksonville Beach, FL 32250

Office: (904) 280-9100

Fax: (904) 280-9109

Legacy Trust Family Wealth Offices of Jacksonville Beach, Florida, is a new type of financial services firm - an independent multi-family office - that brings all facets of your personal financial affairs under one roof, where they are coordinated for optimum efficiency and maximum performance.

Investment products are not FDIC insured, are not bank guaranteed, and may lose value.