Tag: Economy

banking, Economics, Geopolitics, Innovation, Risk, Social Theory

US Tariffs Set to Make world economic and military History

Colin Henderson

It is worth capturing this moment. It has the potential to be elevated to a moment in world economic history in the same vein as Bretton Woods, World Trade Organization, United Nations, and many other bedrock areas that preceded and followed WWII. The broad perspective was to encourage World stability in economic terms and those tools were designed to create a global platform of stability that would make WWxx things of the past. Here we are 80 years later and the flaws in those tools with their commensurate inability to adapt have created a global world of bad actors yet … Continue reading US Tariffs Set to Make world economic and military History

AI

Labour’s ambitious AI Opportunities Action Plan sets a strong vision to leverage AI technologies for UK economic growth. How realistic are these plans, and do they come at the cost of AI safety, the previous government’s priority?

Colin Henderson

Labour starts the year strong with the publication of its AI Opportunities Action Plan. It presents a bold vision for leveraging AI to drive economic growth and improve public services. Labour’s plan prioritises securing sovereign AI capabilities for the UK’s economic future and is a clear supportive signal to the UK tech sector. This marks a policy shift away from AI security towards economic growth as a guiding principle of AI policy. While the focus on investing in infrastructure such as computing power and a National Data Library is welcome, this vision comes with significant challenges, particularly in terms of addressing … Continue reading Labour’s ambitious AI Opportunities Action Plan sets a strong vision to leverage AI technologies for UK economic growth. How realistic are these plans, and do they come at the cost of AI safety, the previous government’s priority?

Economy

The Costs of Falling Fertility

Colin Henderson

John Authers Bloomberg Falling fertility is a problem across the developed world. Unlike many other risks, demographic changes can be predicted with some certainty; sliding birth rates translate directly into smaller populations ahead. That is a good thing in many ways. Two hundred years ago, the Malthusian fear was of population growth so rapid that it outstripped natural resources. But there are other ways in which it’s a serious problem, which could also create opportunities for those who offer solutions. And so the McKinsey Global Institute offers a new report on “confronting the consequences of a new demographic reality.” As it sounds, … Continue reading The Costs of Falling Fertility

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, Growth, Progress

We Need a New Science of Progress

Colin Henderson

Humanity needs to get better at knowing how to get better. By Patrick Collison and Tyler Cowen July 30, 2019 In 1861, the American scientist and educator William Barton Rogers published a manifesto calling for a new kind of research institution. Recognizing the “daily increasing proofs of the happy influence of scientific culture on the industry and the civilization of the nations,” and the growing importance of what he called “Industrial Arts,” he proposed a new organization dedicated to practical knowledge. He named it the Massachusetts Institute of Technology. Rogers was one of a number of late-19th-century reformers who saw that the United … Continue reading We Need a New Science of Progress

EU

EU Draghi Report on competitiveness with China and US

Colin Henderson

commission.europa.eu/document/download/97e481fd-2dc3-412d-be4c-f152a8232961_en EU competitiveness: Looking ahead Today, Europe stands united in its pursuit of inclusive economic growth, focusing on  sustainable competitiveness economic security open strategic autonomy fair competition They all serve as pillars of prosperity.  The vision that drives Europe forward is to create conditions where businesses thrive, the environment is protected, and everyone has an equal chance at success. Sustainable competitiveness should make sure businesses are productive and environmentally friendly. Economic security ensures that our economy can handle challenges and protect jobs. With open strategic autonomy, Europe is not just open for business; but is shaping a better, fairer world. … Continue reading EU Draghi Report on competitiveness with China and US

AI

My first attempt at a Manifesto for Responsible AI

Colin Henderson

Regulation of AI has become a cottage industry amongst Western governments. As reported by TechCrunch and captured here, “U.S., U.K. and the European Union signed up to a treaty on AI safety laid out by the Council of Europe (COE)” The Parliamentary Assembly of the Council of Europe brings together parliamentarians from the Council of Europe’s 46 member States. Its mission is to uphold the shared values of human rights, democracy and the rule of law. The Assembly uncovers human rights violations, monitors whether states keep their promises and makes recommendations. In the field of AI, it has adopted a set of resolutions … Continue reading My first attempt at a Manifesto for Responsible AI

Growth1 Comment

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.

Canada

Bloomberg Canadian Finance Conference

Colin Henderson

This is a good event focussed on Canada and with the resources of Bloomberg managing. The level of professional management always shows through for their events. It is “Proudly Sponsored By National Bank of Canada Financial Markets” DETAILS: Bloomberg Canadian Finance Conference Oct 16th, 2024 Last year, we were pleased to have you join the virtual edition of Bloomberg’s Canadian Finance Conference, Proudly Sponsored By National Bank of Canada Financial Markets. We’re delighted to inform you that Bloomberg’s Canadian Finance Conference will be returning on October 16. Register for a complimentary pass to watch the live broadcast. During this virtual … Continue reading Bloomberg Canadian Finance Conference