Author: Colin Henderson

Progress in era of productivity
AI, Business Models, Economics, Economy

Population shrinkage and the challenge to mitigate impacts on growth

Colin Henderson

Follow up to the NY Times piece ” Can the Government get people to have more babies?” See link at Population 2050. Population 2050 The previous post describes the political backdrop to the shrinkage in population overtaking the large western economies. Why should countries care about shrinking populations at a time of climate change, increasing risk of nuclear catastrophe and the prospect of artificial intelligence taking over jobs? At a global level, there is no shortage of people. But drastically low birthrates can lead to problems in individual countries. At first glance population in times of fewer jobs, climate change and geopolitical turmoil … Continue reading Population shrinkage and the challenge to mitigate impacts on growth

AI

The AI Compute Connection: Canada and the UK strengthen ties

Colin Henderson

The SIN Canada team organized a mission to the UK to deepen collaboration in the field of AI compute and gain insights into the UK’s supercomputing landscape. From:British High Commission OttawaPublished7 October 2024 AI Mission during visit to the UK. The race for supercomputing power is heating up globally, with nations recognizing its pivotal role in training the next generation of AI models. Canada and the UK have emerged as leading players in this field, with a shared vision to harness the potential of AI for the benefit of society. To further solidify this partnership, the SIN Canada team organized a … Continue reading The AI Compute Connection: Canada and the UK strengthen ties

Cybersecurity

U.S. Officials Race to Understand Severity of China’s Salt Typhoon Hacks

Colin Henderson

WSJ 09/10/24 WASHINGTON—U.S. officials are racing to understand the full scope of a China-linked hack of major U.S. broadband providers, as concerns mount from members of Congress that the breach could amount to a devastating counterintelligence failure. In letters to AT&T, Verizon and Lumen, lawmakers ask about proposed measures the companies will take to protect U.S. wiretap systems By Dustin VolzFollow  and Drew FitzGeraldFollow Oct. 11, 2024 at 5:30 am ET Sen. Ron Wyden (D., Ore.) said the companies involved in the hack were responsible for their own cybersecurity failures but that ‘the government shares much of the blame.’ PHOTO: WILL OLIVER/SHUTTERSTOCK Federal authorities and … Continue reading U.S. Officials Race to Understand Severity of China’s Salt Typhoon Hacks

AI

Rise of the robots: AI to shape UK defense review

Colin Henderson

Experts warn involving artificial intelligence in military planning could prove a costly mistake.SHARE The review will examine aspects of Britain’s defense capabilities including military recruitment, new weapons procurement and the future of Trident. | Adrian Dennis/AFP via Getty Images OCTOBER 9, 2024 8:30 PM CET BY STEFAN BOSCIA LONDON — The U.K. government is using artificial intelligence to help put together its landmark review of Britain’s armed forces in what amounts to a radical shakeup of how Whitehall functions. Britain’s Ministry of Defence is deploying a custom-built AI program to sift through submissions for a comprehensive review of the nation’s defense capabilities, … Continue reading Rise of the robots: AI to shape UK defense review

AI

Bad reporting example on bank runs in Canada without evidence

Colin Henderson

This is reporting at its worst. The content stretches to match the title but it is not even close. To talk about bank runs without context is wrong. Clouds on the horizon? There are alaways emerging risks, but no Canada specific clouds. Canada needs to prepare as the risk of bank runs rises, warns report ‘Emerging clouds on the horizon’ signal changes needed to existing checks and balances Get the latest from Naimul Karim straight to your inbox  Published Oct 01, 2024  •  Last updated 6 days ago  •  3 minute read Canada may not have had a big banking failure in many years, but “emerging clouds … Continue reading Bad reporting example on bank runs in Canada without evidence

Business Models, covid, Economy

Hybrid working in global cities: how does London’s return to the office compare? 

Colin Henderson

#Productivity  #The Future of Work  Hybrid working in global cities: how does London’s return to the office compare? Toronto is behind the rest of world.  Workers in central London continue to return to the office, though not as quickly as in other global competitor cities, raising concerns about future economic growth.  Blog post  published on 3 September 2024  by Rob Johnson Workers in central London continue to return to the office, though not as quickly as in other global competitor cities, raising concerns about future economic growth.  It seems that reports of the death of the office have been greatly exaggerated. This was clear last year, where a Centre for Cities’ … Continue reading Hybrid working in global cities: how does London’s return to the office compare? 

AI, Cybersecurity

New CIRA data finds cyber crime is driving customers away from impacted Canadian businesses

Colin Henderson

Reports of reputational damage to organizations due to cyber attacks have quadrupled since 2018 October 01, 2024 08:00 ET| Source: Canadian Internet Registration Authority (CIRA)Follow OTTAWA, Ontario, Oct. 01, 2024 (GLOBE NEWSWIRE) — Trust is hard-earned and easily lost; a lesson many Canadian organizations learned the hard way this year as cyber attacks impacted their businesses. Forty-four per cent of organizations reported experiencing a cyber attack in the last 12 months and more than a quarter of the 500 cybersecurity professionals surveyed, said that it had hurt their organization’s reputation (28 per cent) and cost them customers (26 per cent). The … Continue reading New CIRA data finds cyber crime is driving customers away from impacted Canadian businesses

AGI, AI

Here’s a compilation of the blog posts from the Napoleon Buzzsnot series September 2024:

Colin Henderson

These pieces provide insight into the mind of AI on progression towards AGI and what will be required.It’s a different way to assemble business requirements and reflects the incongruity, ambiguity and inconsistencies of the human mind; all of which are needed for advances beyond the raw fact based logic of AI. I give you Napoleon Buzzsnot. Courtesy of Voodoo Two Two in The Mind of AI blog which I encourage you to follow. —- —- – The Symphony of Silence by Napoleon Buzzsnot In the quiet spaces where no sound is heard, there is a symphony—if you listen closely. A … Continue reading Here’s a compilation of the blog posts from the Napoleon Buzzsnot series September 2024:

Economy

Growth indicator – AUM and broker revenue

Colin Henderson

Even with markets in ascent, asset managers’ revenues have flatlined. But the evolution of balance sheets among banks, insurers, and high-net-worth individuals could unlock the next wave of growth. DOWNLOADS Article (21 pages) The North American asset management industry faces a conundrum. The 2023 recovery appears to be accelerating in 2024, but the industry has struggled to regain its financial footing. Revenues have stagnated amid outflows from higher-fee active equity mutual funds and a period of adjustment in the private markets. And profitability has remained under pressure amid rising costs. The good news: lifted by strong market performance and healthier … Continue reading Growth indicator – AUM and broker revenue