Investing.com -- Major insurance broker stocks plummeted Monday amid investor concerns that artificial intelligence could disrupt traditional insurance distribution channels. The selloff followed reports from Reinsurance News and others that OpenAI approved the first AI insurance app on ChatGPT, built by Spanish digital insurer Tuio.
Willis Towers Watson (NASDAQ: WTW) experienced the steepest decline, with shares falling 13%. Arthur J. Gallagher (NYSE: AJG) dropped... (continue reading...)
By Timour Azhari
RIYADH, Feb 9 (Reuters) - Saudi Arabia's $925 billion Public Investment Fund (PIF) plans to announce a new five-year strategy this week, two people with direct knowledge of the matter said, in the biggest reset yet of Crown Prince Mohammed bin Salman's economic transformation plan.
The Saudi sovereign wealth fund soft-launched its new 2026-2030 strategy with key investors and strategic partners on Monday on the sidelines... (continue reading...)
LONDON, Feb 9 (Reuters) - Asking AI about medical symptoms does not help patients make better decisions about their health than other methods, such as a standard internet search, according to a new study published in Nature Medicine.
The authors said the study was important as people were increasingly turning to AI and chatbots for advice on their health, but without evidence that this was necessarily the best and safest approach.
... (continue reading...)By Michael S. Derby
Feb 9 (Reuters) - Americans were less worried about the direction of inflation and labor market prospects as of last month, although concerns about the state of their finances continued to mount, the Federal Reserve Bank of New York said in a report released on Monday.
As part of its latest Survey of Consumer Expectations, the bank said that inflation expectations one year from now stood at 3.1% in January compared... (continue reading...)
By Jaspreet Singh and Pritam Biswas
Feb 9 (Reuters) - Databricks said on Monday it has raised about $5 billion in funding at a $134 billion valuation, as the data analytics software startup bolsters its balance sheet while keeping options open for a U.S. stock market debut later this year.
The privately held startup, which also announced about $2 billion in new debt capacity, said that its annualized revenue run-rate rose 65% to $5.4... (continue reading...)
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