Tag: AI

AI

Top 10 | McKinsey Global Institute

Colin Henderson

As 2024 draws to a close, we’re revisiting our most popular insights of the year. Today, we give you our best-read pieces from the McKinsey Global Institute, which focus on topics including navigating the energy transition, investing in productivity growth, and more. 1. Geopolitics and the geometry of global trade Global trade patterns are reconfiguring. More shifts are likely and businesses need to be aware of the potential trade-offs of different paths ahead. Be prepared for a range of shifts  2. A new future of work: The race to deploy AI and raise skills in Europe and beyond To gain … Continue reading Top 10 | McKinsey Global Institute

AI

Delivering on the promise of AI in banking (Mckinsey)

Colin Henderson

Much has been written about the power of AI, including generative AI (gen AI), to transform banking. Beyond ushering in the next wave of automation, AI promises to make banks more intelligent, efficient, and better able to achieve stronger financial performance. About the authors While the buzz is undeniable, many banking C-suite leaders are increasingly asking questions about the realization of value in light of the headwinds facing the sector. Will AI live up to expectations? After initial experimentation, how can banks go from proof of concept to proof of value and truly reimagine and transform the enterprise using AI? How soon, if … Continue reading Delivering on the promise of AI in banking (Mckinsey)

AI

The difference between using Retrieval Augmented Generation and Agents?

Colin Henderson

A thought provoking piece from Shahab Anbarjafari • Professor, Author, Public Speaker I have been discussing with a few CTOs and CIOs, all sharp, no-nonsense leaders. The question they tossed at me sounded simple: “Shahab, what’s the difference between using Retrieval Augmented Generation (hashtag#RAG) and using hashtag#Agents?” But I could sense their real curiosity—like they were trying to understand a new dimension of AI that could define the future of their organizations. In that moment, I felt like I was back at the dawn of deep learning, where we realized that neural networks were more than just pattern-matchers. They could … Continue reading The difference between using Retrieval Augmented Generation and Agents?

AI

U.S. Special Operations Command Expands Contract with Palantir to Deliver Advanced AI and Mission Manager Capabilities

Colin Henderson

December 09, 2024 06:59 AM Eastern Standard Time DENVER–(BUSINESS WIRE)–Palantir Technologies Inc. (NASDAQ: PLTR) today announced an expansion of its contract with the U.S. Special Operations Command (USSOCOM) to deliver technology solutions in support of enterprise capabilities. The one-year delivery is valued at $36.8 million and establishes Palantir as the lead software integrator for USSOCOM’s Mission Command System (MCS) while expanding the technology solutions supporting U.S. Special Operations Forces (SOF) globally. “Palantir’s Mission Manager is positioned to innovate the Defense industry by providing software to enable and operationalize commercial capabilities for U.S. Government missions. USSOCOM understands that commercial software can … Continue reading U.S. Special Operations Command Expands Contract with Palantir to Deliver Advanced AI and Mission Manager Capabilities

AI

The AI National Security Memo and broader evolution of AI inferred

Colin Henderson

AI National Security Memo followed by MicKinsey memo on evolution of AI usage On October 24, 2024, the White House issued the first National Security Memorandum (NSM) on Artificial Intelligence, marking a significant development in U.S. AI policy and national security strategy[1][3]. This memorandum outlines a comprehensive approach to harnessing AI for national security objectives while addressing associated risks and challenges. Key Aspects of the AI National Security Memo AI as a National Security Priority The NSM identifies AI leadership as a critical national security priority for the United States[1]. It acknowledges that competitors have engaged in economic and technological … Continue reading The AI National Security Memo and broader evolution of AI inferred

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