The Guardian (September 11)
“Humanity cannot outsource its survival.” AI must be controlled, but that’s no easy feat. “Keeping people in charge means little if supercomputers determine the evidence, choices and time on which their decisions depend.” Yet we must. “The dangers of AI-enabled pandemics or attacks on nuclear systems are real. Countries need not agree on democracy or trade policy to accept this.”
Tags: AI, Attacks, Choices, Controlled, Dangers, Decisions, Democracy, Evidence, Humanity, Nuclear systems, Outsource, Pandemics, Real, Supercomputers, Survival, Time, Trade policy
Institutional Investor (May 31)
“Insurance companies seeking better investment performance continue to outsource more of their general accounts to asset managers. Investment firms managed $3.6 trillion in assets for insurance companies globally in 2023, up from $3.2 trillion in 2022 and more than double the $1.4 trillion they managed for them in 2014.”
Tags: $3.6 trillion, Asset managers, Assets, General accounts, Insurance companies, Investment firms, Outsource, Performance
Institutional Investor (January 11)
“Less than 10 percent of institutional investors currently outsource their trading desks,” but a recent survey suggests they are starting to warm to the once ‘unthinkable’ practice. “Out of the 84 traders polled, 32 percent called outsourced trading desks a ‘good solution’ for managing flow and achieving the best execution, up from 20 percent in last year’s survey.”
Tags: Execution, Flow, Institutional investors, Outsource, Survey, Traders, Trading desks, Unthinkable
Financial Times (July 22)
“As their booming share prices testify, technology groups have been brimming over with new business during the pandemic. For banks, there has been a special tech awakening…. After years of foot-dragging, many have been abandoning their cautious approach to cloud-based services and signing up with gusto to outsource their storage of data and other activities that demand high-intensity computing power.”
Tags: Awakening, Banks, Booming, Cautious, Cloud-based, Data, Foot-dragging, Outsource, Pandemic, Services, Share prices, Storage, Technology
