Fortis’ News of the Week:
- Amazon underfire as their facial recognition software was used in UK train stations to scan passengers’ faces and gather information for future advertising purposes.
- Southern states anti-development trend continues as rapid migration leads to increased infrastructure strain and housing prices.
- Perplexity, the LLM-powered search engine, has caused a big fuss with publishers as it provides content to users that is behind pay walls.
- Wells Fargo’s BILT credit card that became popular by letting cardholders pay rent and gain rewards without incurring fees from landlords is costing the company.
- The number of SEC-registered investment advisors hits a record high in 2023 with employment in the sector passing one million for the first time.
