Bloomberg Businessweek
Housing Outlook, AI in Financial Fraud, and Combatting the Anti-DEI Movement
Feb 12, 2025
Jeremy Wacksman, CEO of Zillow, shares insights on the sluggish U.S. housing market, discussing high mortgage rates and innovative tools for buyers. He addresses Zillow's future profitability strategy amid these challenges. Leo Kelly, CEO of Verdence Capital Advisors, highlights investment tactics in the current volatile landscape and the importance of cautious asset allocation. The episode also covers the rise of AI in detecting financial fraud and the ongoing battle for DEI initiatives against political headwinds.
45:56
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Quick takeaways
- Zillow's CEO highlights a positive outlook for the housing market driven by strategic tech integration and customer service enhancements.
- AI is revolutionizing financial fraud detection by improving efficiency and personalization, ultimately empowering professionals and enhancing customer experiences.
Deep dives
The Origins of Payment Innovation
In the 1950s, a businessman pioneered a new approach to settling lunch tabs, igniting a revolution in payment systems. This historical context illustrates how evolving transaction methods have led to significant advancements in how money moves today. The concept of frictionless payments has grown, driven by technological innovations that streamline processes, making transactions faster and more efficient. This foundation sets the stage for the current developments in digital currencies, particularly stablecoins, which promise to further transform payment systems.
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