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...The chief executive of BCG has said the $12bn consulting firm expects to generate a fifth of its revenues in 2024 from helping corporations integrate artificial intelligence into their businesses, a share...
...He added: “We are working with large corporations: we have 10 interesting proofs of concepts with companies all over the world, and not only in France....
...It goes on: Upstart AI remakes the lending process. We leverage AI to more accurately quantify the true risk of a loan....
...Harding’s third example is the extraordinarily influential but little-known technocratic institution called the Internet Corporation for Assigned Names and Numbers (Icann)....
...Meanwhile Cliff Asness, co-founder of AQR Capital Management, tells my colleagues at Unhedged why he thinks AI is less than revolutionary for finance....
...resources that reside in the hands of a few large tech corporations”....
...Right to reply Last week we featured an interview with economist Esther Duflo, on her proposal to use taxes on corporations and billionaires to fund climate-related assistance to developing nations....
...— How to value catastrophic risk (Damodaran’s blog) — ‘AI Girlfriends’ Are a Privacy Nightmare (Wired) — Can the Treasury Kill the Basis Trade?...
...Generative AI’s evolution, meanwhile, raises authorship questions — and corresponding concerns about copyright protection and intellectual property ownership of AI-generated content....
...The AI juggernaut remains on course to report another record annual profit this year. But rising tax bills will trim future profitability. elaine.moore@ft.com...
...United States Steel Corporation, for example, has said it will use generative AI software from Google to guide its workers through truck repairs and ordering parts....
...In defence of its equivocal message, OpenAI can point to a recent Rand Corporation study, which also found that, as of summer 2023, large language models did not make bioterror attack plans any more statistically...
...Now, of course, I’m making the point, this could have been applied to markets, but it also is this sort of what happens at this point in technology evolution, which is we have this new GPT....
...Russell Clark) — From Riches to Rags: Causes of Fiscal Deterioration Since 2001 (Committee for a Responsible Federal Budget) — China wants to ditch the dollar (Noema) — Towards Increasing Complexity: The Evolution...
...“CEOs have to ensure AI is trustworthy,” says Ken Chenault, former chief executive of American Express and co-chair of the Data & Trust Alliance, a non-profit consortium of large corporations that is developing...
...Some creative start-ups will undoubtedly find valuable use cases for generative AI in narrow, specific domains. This evolution will be accelerated by three trends....
...Brilliantly presaged the generative AI boom and the race to position AI tools as “safe”....
...Jim Robb, chief executive of the North American Electric Reliability Corporation, a regulatory body, told the Financial Times that the explosion in data centres is “very, very real” and utilities are having...
...They see it as the key to the evolution of the human species. Sandberg calls himself an extropian....
...Already, we see AI companies as a major component of the most highly valued corporations in the world. In the US, tech companies helped drive gross domestic product growth in 2023....
...This is ultimately a question for politicians rather than corporations. And the UK government has recently found its answer: safety first....
...“If some giant corporation is going to take all their content and put it in the blender, artists have to be paid.”...
...Here’s what else I’m keeping tabs on today: Biden’s budget: The White House will release the forecast for the president’s fiscal budget for the coming year, including an increase of corporation tax and...
...Renewables developers are increasingly striking long-term power deals with large corporations, helping both sides get some certainty over long-term power prices....
...Netflix started with DVD rentals, so moving into streaming was an intuitive evolution. Nokia’s founders built a paper mill in 1865 and had no idea that it would eventually make telecoms equipment....
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