Wealth managers cut fees to win AI’s paper millionaires

Wealth managers are cutting fees to attract equity-rich employees of Anthropic and OpenAI, whose paper wealth from AI-driven stock gains is shifting negotiating power toward clients, according to the Financial Times.

Wealth managers cut fees to win AI’s paper millionaires Source: Financial Times Technology https://www.ft.com/technology The rise of equity-rich tech workers at Anthropic /glossary/anthropic and OpenAI /glossary/openai is shifting negotiating power towards clientsGet AI news in your inbox Daily digest of what matters in AI.