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Deutsche Welle (February 2)

2024/ 02/ 03 by jd in Global News

“EU member states on Friday finally came to agreement and approved new laws governing the safety and use of artificial intelligence, or AI…. The crux of the problem in finding unanimity came down to the balance between giving companies enough maneuvering room to make the development of AI products lucrative within the EU, while at the same time establishing rules for the use of a technology that is already affecting every aspect of society.”

 

Wall Street Journal (January 30)

2024/ 01/ 31 by jd in Global News

“Logistics technology companies are cutting costs and slashing staff as a prolonged slump in freight stretches into 2024.” After soaring to “huge valuations during the Covid pandemic when a wave of consumer spending pushed freight volumes and shipping rates to record levels,” high interest rates and weak freight volumes are now “stretching some companies to their limit.”

 

MarketWatch (January 24)

2024/ 01/ 25 by jd in Global News

“Megacap technology stocks have retaken leadership of the U.S. stock market as the S&P 500 continues to hit new record highs, defying hopes on Wall Street for a more broad-based rally.” Since January 1, “the so-called Magnificent Seven have gained a combined $540.7 billion in market capitalization, compared with a total market-cap gain of $802.5 billion for the S&P 500 SPX through Tuesday’s close.”

 

Reuters (November 16)

2023/ 11/ 18 by jd in Global News

“Restructuring a restructuring isn’t good news. Alibaba scrapped the spinoff of its prized cloud computing business, blaming U.S. curbs on advanced chips,” causing its shares over 10% lower. “The U-turn dashes market expectations of stability among technology companies after the end of Beijing’s years-long regulatory crackdown. The country’s weak economy and bad geopolitics mean the sector hasn’t yet hit a bottom.”

 

Institutional Investor (October 20)

2023/ 10/ 21 by jd in Global News

“Out of 770 institutional investors around the globe that are collectively responsible for $34.7 trillion in assets, 52 percent said in June that as de-globalization accelerates they will try to invest in companies with more localized supply chains, according to an annual study by Schroders.” While “trade and technology continue to cross borders and, generally speaking, the world is still shrinking,” geopolitical tension and war have turned “de-globalization into a megatrend creating winners and losers in business.”

 

Institutional Investor (August 29)

2023/ 08/ 30 by jd in Global News

“Ever since ChatGPT burst onto the scene last November…so-called “generative AI” has turned the markets on their heads.” Venture capitalists, “coming off the worst year in recent history,” have “redirected their dollars to AI upstarts. Meanwhile, the stock prices of the big tech names suspected to be the major beneficiaries of this often-called ‘revolutionary’ form of artificial intelligence have skyrocketed.” In 2023, “generative AI and machine learning start-ups raised about $39.4 billion.” The massive inflows are creating an ideal environment for fraudsters and critics “are starting to wonder whether the latest technology is really transformational or merely evolutionary.”

 

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.”

 

Fortune (July 19)

2023/ 07/ 20 by jd in Global News

“Over just a few months, ChatGPT went from correctly answering a simple math problem 98% of the time to just 2%.” This doesn’t necessarily show later versions are inferior as they might perform better on other tasks. The study which uncovered this does prove the existence of “wild fluctuations—called drift—in the technology’s ability to perform certain tasks.” Drift may arise from the rather “unpredictable effects of changes in one part of the model on others.”

 

Investments and Pensions Europe (May 18)

2023/ 05/ 18 by jd in Global News

“We’re now about half way through peak voting season in Europe and North America, which tends to take place between April and June.” Companies are fielding both a high volume and range of proposals. “At Amazon alone, there are 18 shareholder proposals going to vote in 2023, ranging from requests for human rights audits on its technology, through to disclosure around animal welfare issues.”

 

Washington Post (May 11)

2023/ 05/ 12 by jd in Global News

The EPA is proposing “the tightest limits ever on power plants’ planet-warming pollution” in order “to meet President Biden’s pledge to halve U.S. emissions by 2030 compared with 2005 levels.” The proposal “would encourage gas- and coal-fired plants nationwide to meet tighter emission-reductions standards by either closing or adopting technology to run cleaner, accelerating one of the fastest transitions underway in energy.”

 

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