Andrew Lo, an MIT professor, predicts AI will soon manage investments. He believes AI could make financial decisions for clients within five years. Lo envisions AI agents working autonomously. These agents will act in the best interests of clients. Currently, Wall Street uses AI for basic tasks. Lo’s vision sees AI meeting the fiduciary standard.
Laurus Labs shares rally over 4% as Q1FY27 profit jumps 126% on strong CDMO growth
Laurus Labs reported a strong June-quarter performance, with net profit more than doubling and revenue rising 29% year-on-year, driven by robust growth in its CDMO