{"id":591142,"date":"2023-07-31T00:00:00","date_gmt":"2023-07-31T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/31\/nostalgia-is-bankable-is-wall-street-resisting-ai\/"},"modified":"2023-07-31T00:00:00","modified_gmt":"2023-07-31T00:00:00","slug":"nostalgia-is-bankable-is-wall-street-resisting-ai","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/31\/nostalgia-is-bankable-is-wall-street-resisting-ai\/","title":{"rendered":"Nostalgia is bankable + Is Wall Street resisting AI?"},"content":{"rendered":"

Nostalgia isn\u2019t just sentimental \u2014 there\u2019s a money making angle there, too: <\/strong>That warm, fuzzy feeling that is reminiscent of the \u201cgood, old days \u201d is also very lucrative \u2014 and the media is banking on it, the National Geographic<\/a> says. The evidence? The persistent popularity and comebacks of classic pop culture hits like the Barbie movie \u2014 which had the highest opening weekend this year \u2014 Indiana Jones, Top Gun, and others. Familiar media provides emotional consolation by fostering the idea that things will improve because they have in the past, according to data collected through the Nostalgia Inventory (pdf)<\/a> devised back in 1995, or the Current Opinion in Psychology Journal , professor Krystine Batcho says. <\/p>\n

The evolutionary strengths of nostalgia:<\/strong> From a sense of connection and control during times of isolation and powerlessness \u2014 like, say during the covid-19 pandemic \u2014 all the way to pain relief, the impact of nostalgia on our brains is impressive. The power of \u201cnice\u201d memories is not simply emotional \u2014 it has very real, palpable manifestations in terms of emotional regulation and processing. Also, downplaying and romanticizing the negatives of the past helps us advance as a species, Bacho adds. <\/p>\n

\n

\n

Investing v use: Where does Wall Street stand on AI?<\/strong> Bullish investing in AI companies has pushed the Nasdaq 100 to its best 1H in history, yet investors remain skeptical about paying out of pocket to use the new tech, Bloomberg<\/a> reports , citing data collected in a MLIV Pulse survey of Bloomberg News readers. Of the 514 respondents, 77% said that they plan to increase their exposure to tech stock, or maintain the current level, over the next six months. However, just over half said that they would be unwilling to personally pay for AI tools to aid their life and would only use the tech if it\u2019s provided at no cost or paid for by their employer. <\/p>\n

Investors seem confident AI isn\u2019t coming for their jobs: <\/strong>64% of the survey respondents did not see AI making its way into the workplace and taking on core aspects of their jobs. Goldman Sachs economists reported that while seven out of 10 US workers would see their jobs impacted by AI, only a small share of those would see their positions replaced. That said, they added that administrative and office support and legal functions are at most risk from AI replacement as tech companies direct AI development on productivity enhancing tools, such as Microsoft\u2019s Copilot or competitor Alphabet\u2019s AI-integrated services in Gmail or Google Docs. <\/p>\n","protected":false},"excerpt":{"rendered":"

Beyond the fuzziness of reminiscing, there\u2019s money to be made from nostalgia<\/p>\n","protected":false},"author":1,"featured_media":591143,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[7094,633,667,638,8360],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-591142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-ai","tag-enterprisepm","tag-film","tag-for-your-commute","tag-psychology","wpautop","entry"],"acf":{"mongo_id":"96b3887e-9de9-4627-bfc4-dabcc6a2014e","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/7\/1275.jpg","photo_position":"below","homepage_title":"","full_issue_title":"","related_issue":[591137],"teaser":"Beyond 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