Business · 2h ago
AI Will Reshape Finance, Says 40-Year Veteran
Nigel Morris of QED Investors argues AI will make marginal costs near-zero and enable hyper-personalized financial products. Incumbents must self-cannibalize or risk obsolescence. The transformation could rewrite the global financial value chain.
Meridian48 take
The 'this time is different' claim is common in tech hype cycles, but Morris's track record and focus on structural cost reduction give this warning weight.
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This Time Is Different: Why AI Is Unlike Any Wave I Have Seen In 40 Years Of Financial Services →
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