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First, ETFs; Now JPMorgan Incorporates A.I. Into FICC Business

Only yesterday, we commented on the launch of the world’s first A.I.-driven ETF “EquBot LLC, in partnership with ETF Managers Group (ETFMG) launched the world’s first ETF powered by artificial intelligence, the AI Powered Equity ETF (NYSE Arca: AIEQ). According to Business Wire, the new ETF uses ‘cognitive and big data processing abilities of IBM Watson™ to analyze U.S.-listed investment opportunities”.

A mere 24 hours later and JPM has joined the party as Bloomberg reports, 

The "Nightmare Scenario" For Publishers: Facebook Is Testing A 'Pay-To-Play' Model

Remember when Facebook first offered to pay “media partners” to create video content for its news feed? A lot sure has changed since then... and that was only six months ago. In a development that’s elicited anger among journalists and various content providers, the world’s largest social media company appears to be testing a new content-distribution model that would move it away from an organic, free-for-all to a pay-to-play environment. Predictably, news of the tests prompted howls of rage from the media establishment, which depends on Facebook's referral traffic for survival.

Foxconn Begins Shipping iPhone X But First Batches "Are Smaller Than Expected": DigiTimes

While Apple's troubles with the iPhone 8 (which is being outsold by the iPhone 7) have been duly discussed in recent days and largely ignored by Wall Street, whose hopes remain pinned on the iPhone X, the latest update from DigiTimes is even more concering, as it suggests that general demand for the entire Apple product suite may be lower than expected. According to Digitimes, iPhone assembler Foxconn has reportedly started shipping iPhone X units, however the first batches smaller than expected.

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