Legendary investment firm launches new fund focused on ‘quality stocks’

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Legendary value investor Jeremy Grantham is betting on specialty stocks with his company’s first active ETF: the GMO US Quality ETF. And he put GMO partner Tom Hancock in charge of this. “There is a lot more interest in active ETFs than there was a few years ago,” Hancock told CNBC’s “ETF Edge” this week. … Read more

Facebook parent company Meta has split its Responsible AI team

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Facebook parent company Meta has split its Responsible AI division, the team dedicated to regulating the security of its artificial intelligence ventures. Most of the responsible AI staff have been transferred to the Generative AI product development team. The move comes after a slew of layoffs and team reshuffling changes at the company this year. … Read more