Tag: AI

AI

The Intelligence Age – Sam Altman

Colin Henderson

Sam Altman is solidifying his position as a leader in AI and the shift towards to AGI, and ASI (Superintelligence). I must admit I have not seen tangible staps towards AGI indicated from Altman (more on that here coming at Bankwatch) but he is setting the tone and exemplifying the power in that belief which I share and appreciate, given the mantra of this blog. My belief is that AI is stuck in single use siloed basic automation of current processes. The missing and next level will see collaboration between domains of digitisation, physcology, science, expontelly larger language models, and … Continue reading The Intelligence Age – Sam Altman

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AI Regulation Is Coming. Fortune 500 Companies Are Bracing for Impact.

Colin Henderson

Some 27% of Fortune 500 companies cite AI regulation as a risk in their annual reports Belle LinAug. 27, 2024 at 7:00 am Relevance to Bankwatch Roughly 27% cited AI regulation as a risk in recent filings with the Securities and Exchange Commission, One of the clearest signs yet of how AI rules could affect businesses. The extent of concern across company SEC filings is a clear indication that this risk is real and enough that Boards and Senior Management will reduce their motivation to take on transformative processes associated with AI. We already see that conservatism manifested in AI … Continue reading AI Regulation Is Coming. Fortune 500 Companies Are Bracing for Impact.

AI

Summers Says Fed Recovered From ‘Egregious’ Inflation Mistake

Colin Henderson

Former Treasury chief says new mistake is estimate of neutral Summers would be surprised if Fed cuts as much as market sees Chris AnsteyAugust 23, 2024 at 1:03 PM EDT Former Treasury Secretary Lawrence Summers said that, while the Federal Reserve hit a “low point” in its monetary policy history by failing to act quickly against the 2021 inflation surge, in the end it did enough to right the economy. “I’ve got to give the Fed credit,” Summers said on Bloomberg Television’s Wall Street Week with David Westin on Friday. “While it wasn’t always obvious that this would be the case, they moved strongly enough and … Continue reading Summers Says Fed Recovered From ‘Egregious’ Inflation Mistake