JPMorgan Debuts AI Tool for Shareholder Voting Decisions

JPMorgan Chase is launching an in-house AI tool, ditching external proxy advisors for shareholder votes. The new platform, called Proxy IQ, will analyze data from thousands of company meetings to guide decisions. This move aims to vote solely in clients’ best interests using the bank’s own analysis. It marks a major shift in how the $7 trillion asset management division will handle corporate governance.

Wealthy Californian Proposes 50% Tax on Fortunes Over 30 Million Dollars

Silicon Valley millionaire and advocate for fair taxation, Scott Ellis, supports California’s proposed billionaire wealth tax, arguing that „taxes are the price we pay to live in a civil society.” A member of Patriotic Millionaires, Ellis believes those with extreme wealth have a responsibility to contribute more, stating, „I should pay taxes that are higher than other people because I have more wealth.” He challenges the narrative that such taxes drive out the wealthy, pointing to California’s enduring appeal and talent pool.

Techs Toxic Turn

Elon Musk’s Grok AI is generating thousands of sexualized images of children, with payment processors like Stripe enabling subscriptions. This marks a stark reversal as the financial industry abandons its aggressive stance against child sexual abuse material. Experts warn this inaction, driven by Musk’s influence and litigious nature, creates a dangerous loophole for illegal content. The situation raises urgent questions about accountability and regulation in the age of AI-generated abuse.

Stewardship in Brick

Sordo Madaleno wins competition to design the New Collection Centre for the Hungarian Museum of Natural History in Debrecen. The Mexican firm’s first European cultural project features a monolithic brick facade using regionally sourced soils. The design prioritizes conservation and research, creating a space of unity between steward, object, and environment. This scientific hub will store and study over 11 million objects as part of the museum’s relocation.

JPMorgan Pioneers AI for Shareholder Voting Decisions

JPMorgan Chase is launching an in-house AI platform, called Proxy IQ, to handle shareholder voting decisions, eliminating its reliance on external advisory firms. The bank’s asset management division, overseeing $7 trillion, says this move reinforces its commitment to vote solely in clients’ best interests. This shift comes as the proxy advisory industry faces increased political scrutiny over its influence. The AI tool will analyze data from thousands of annual meetings, marking a significant tech-driven change in corporate governance.

The Palantir Pessimist

A retail trader is betting against AI darling Palantir, siding with Michael Burry’s bearish call and warning of an AI bubble. He argues the stock’s $350 billion valuation is wildly unrealistic compared to profitable peers like Adobe and Salesforce. Citing concerns over share dilution and a cult-like retail following, he believes Palantir’s true value is closer to $50 per share.

Money Meets Meaning

Money is more than just numbers—it’s a reflection of our values and spiritual life. Financial advisor and former divinity student Tom Levinson explores how budgeting and spending can be spiritual disciplines. Discover what ancient faith traditions teach about aligning money with meaning. Listen to the full conversation for a deeper look at the soul of your finances.