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Institutional Investor (March 20)

2024/ 03/ 22 by jd in Global News

Across sectors companies are tripping “over themselves to incorporate generative artificial intelligence into their operations. Not to be left out, investment managers too are crowing about their adoption of generative AI, typically in the form of large language models (LLMs).” This, however, “is a complex and expensive project with considerable investment and business risks and ethical considerations.” There should be less concern on “how these models might disrupt the investment management industry” and more focus on building “a methodology to assess the processes and procedures implemented by managers to ensure the ongoing utility and reliability of their LLMs.”

 

Institutional Investor (January 22)

2024/ 01/ 23 by jd in Global News

“Bloomberg terminal users got a research boost on Monday just in time for earnings season: summaries and analysis of company performance written by artificial intelligence.” From Monday, all users will be able to access generative AI summaries “designed to help analysts save time absorbing earnings data and transcripts by highlighting key points. They will be available immediately for companies in the Russell 1000 and the top 1000 companies in Europe.”

 

Washington Post (January 19)

2024/ 01/ 21 by jd in Global News

“The S&P 500 hit an all-time closing high Friday.” Up over 1% from Thursday, the index closed at 4,839.81, “surpassing the previous closing record set in January of 2022.” Support stems from confidence in an economy that has averted a recession, apparently achieving an elusive soft-landing. Analysts also “point to an AI-driven frenzy on Wall Street that rivals the dot-com boom of the late ’90s, when investors sought to capitalize on the transformative gains brought by the early internet.”

 

The Economist (December 28)

2023/ 12/ 30 by jd in Global News

“It has been a tricky year atop the corporate ladder. Sluggish growth in many markets has set bosses scrambling to rein in costs just as inflation has spurred their workers to demand hefty pay rises. Fractious geopolitics and toxic culture wars have left corporate chieftains feeling like tightrope-walkers. The craze for generative artificial intelligence (ai) has had them fretting over looming technological disruption, too.”

 

Council on Foreign Relations (December 27)

2023/ 12/ 28 by jd in Global News

Development and deployment of artificial intelligence (AI) continues to proceed at an exponential rate. Its rise “could mirror previous technological revolutions, adding billions of dollars worth of productivity to the global economy while introducing a slew of new risks that could upend the global geopolitical order and the nature of society itself. Managing these risks will be essential, and a global debate over AI governance is raging as major powers such as the United States, China, and European Union (EU) take increasingly divergent approaches toward regulating the technology.”

 

Market Watch (December 16)

2023/ 12/ 18 by jd in Global News

“AI brings efficiency, but it lacks the empathy and emotional intelligence inherent to humans. So although AI can be a useful tool for management and leadership, CEOs must ensure that the human touch in customer relations, employee management, company culture and business decision-making remains prominent. If these become overly-automated, they’ll lose the power to create human connection, eroding trust in the process.”

 

Financial Times (December 10)

2023/ 12/ 10 by jd in Global News

“The world’s leading semiconductor companies are racing to make so-called “2 nanometre” processor chips that will power the next generation of smartphones, data centres and artificial intelligence.” While TSMC “remains the analysts’ favourite to maintain its global supremacy in the sector… Samsung Electronics and Intel have identified the industry’s next leap forward as a chance to close the gap.”

 

CNN (November 21)

2023/ 11/ 23 by jd in Global News

“Given the life-altering potential of AI – that even if it doesn’t kill us all, it will almost certainly change human existence in unprecedented ways at unprecedented speed – we all have a stake in how it’s being developed…. And we all have a stake in whose interests AI will serve – and right now, its development is being funded with billions of dollars by people expecting to make a huge profit.”

 

Markets Insider (October 16)

2023/ 10/ 18 by jd in Global News

SEC Chair Gary Gensler “has warned that AI could trigger a financial crisis, as Wall Street rushes to adopt the new technology.” He is calling for “AI regulation that addresses both the underlying AI models built by tech companies and how they are used by Wall Street banks, describing it as a ‘cross-regulatory challenge.’”

 

WARC (July 24)

2023/ 07/ 24 by jd in Global News

“Around the world, AI is developing and it is quickly reaching a point where it is speeding up human work to the point of replacing humans. This is a point in time for brands and agencies to really think about the technology and work out what ethical, responsible uses look like.” The rise of virtual influencers in China marks “one of the first instances of true competition between humans and machines for work and will be an important test case for the technology and the labour questions it raises.”

 

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