Apollo chief economist Torsten Sløk is looking ahead to when AI agents such as Meta's Muse (META) are empowered to make common-sense money moves, such as moving your cash from a checking account to a high-yield savings account. (Disclosure: Yahoo is a portfolio company of funds managed by affiliates of Apollo Global Management.) "If every household used AI agents to optimize the return on their cash balances," Sløk noted on Sunday, "banks could lose a large share of the cheap deposits they rely on to make loans, which would be a problem for the entire financial system."Source: Torsten Slok, Apollo As Yahoo Finance's David Hollerith recently detailed, Wall Street is already aware that AI agents could help customers get a better deal on their cash.
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