Artificial Intelligence News: Artificial Intelligence News Issue 52

Wealth management firms, among the least tech-literate sectors of the financial services industry, might become obsolete with high net-worth individuals (HNIs) increasingly adopting digital technologies that provide algorithm-based portfolio management advice. A new report by PricewaterhouseCoopers that surveyed 1,000 HNIs in Europe, North America and Asia, found only 25 per cent of wealth management firms globally offering digital channels beyond emails. The Tokyo office of McCann has created what it is claiming to be the first ad to be made by artificial intelligence. An ad for mint candy brand Clorets Mint Tab has been creative directed by AI-CD ß, which became the first machine member of McCann Japan's creative department at the beginning of April. "If we have been living in rigid ice, this is liquid-a new phase state.