Then we make Zuck obsolete by perfecting local LLM harnesses. If you can save 2 grand on your bills every month, you're break even after 6 months if you buy a Macbook pro M5 max **at current insane pricing**. Plus Zuck won't get to steal your data. Big benefit that people will only realize when it is too late.

article concluded that, too; the Harvard profs suggested well, if too entrenched it might just become a sponsored thing... banks pay Anthropic or whatever to make the customer do something slightly better/less bad for the bank. LOL OWNED

What if they start gaming the AIs like people started gaming Google with SEO?

SimpleStacker

AI assistants make banks compete for deposits again

If everybody is moving their money around to the best money market fund or the lowest cost checking accounts, it means banks can't rely on stodgy, complicated, false-friction to keep customers penned up in their fold.

They aren't even arguing that customers are moving to riskier products or that they will potentially be scammed, just that banks apparently had no reason to offer competitive products to their customers, but now they might.

Consumer financial products really do suck.

econ

Don't You Just LOVE Agentic Bank Runs? (WSJ, Ben Glickman)

denlillaapan

Isn't another way to phrase this: 

# AI assistants make banks compete for deposits again

If everybody is moving their money around to the best money market fund or the lowest cost checking accounts, it means banks can't rely on stodgy, complicated, false-friction to keep customers penned up in their fold.

They aren't even arguing that customers are moving to riskier products or that they will potentially be scammed, just that banks apparently had no reason to offer competitive products to their customers, but now they might.

Consumer financial products really do suck.