AI News, Artificial Intelligence: Charting a new course for financial wellness ... artificial intelligence

Artificial intelligence

Between the lines: TikTok's "parent company, ByteDance, recently valued at more than $75 billion, bills itself first as an artificial intelligence company, not a creator of mission-driven social platforms,"

Its secret sauce: "Apparently you just … show [users] things, and let a powerful artificial intelligence take notes."

The other side: TikTok says that its "user data is stored and processed in the U.S. and other markets where TikTok operates at industry-leading third-party data centers.

The big picture: The murkiness of TikTok's structure could preview a trend as Chinese companies eye the U.S. and its troves of data.

Failure to address financial stress concerns threatens retirement

Employers trying to do something to help their employees improve their financial wellness may be congratulating themselves on putting programs in place to deal with it—but the programs they’re using may not be doing much, if anything, to help employees ditch their financial stress and even threaten their preparations for retirement.

In fact, they’ve “saved less, are more likely to raid retirement plans before retirement and are nearly three times as likely to say they expect to spend the majority of their time working in retirement because they’ll need to financially.” And don’t think that just because there’s a financial wellness program in place at work that that will solve the problem.

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