Louis Basenese helped direct over $1 billion in institutional capital at Morgan Stanley before leaving Wall Street for Silicon Valley. Now, as the world’s premier venture capital analyst, Louis tracks early investment opportunities born from technological breakthroughs and new drug discoveries. His deep expertise of patents, buyouts, takeovers, mergers & acquisitions, Reg-D offerings, and crowdfunding has given Louis genuine star power on frontline media outlets like CNBC. Louis serves as the Investment Director for his wildly popular publications True Alpha, Extreme Alpha, and The Crypto Alert.
A new study by McKinsey & Co. indicates that — in a best-case scenario — one-third of the workforce in the U.S. will be replaced by AI after 2030. And robots are targeting one sector in particular: finance. Out of 300,000 jobs in asset management worldwide, 90,000 will be controlled by AI by 2025. Would you trust your money with a robot?
One mystery trader just rolled over a massive volatility bet that could pay out $260 million if he’s right again. Can you blame him? He’s got seven-plus years of the bull trend on his side. Well, none of that means squat if you’re Goldman Sachs.