AI

  Human productivity has increased manyfold through technological advances, creating widespread prosperity. The resulting scientific and technical progress and innovation is mostly found in the developed world, yet even less affluent parts of the global population today can afford consumption and an ease of life which in the past was reserved only for the very […]

  Yes, the rally in the “Magnificent Seven stocks” – the “Mag 7” – has been impressive. No, the rally is not over yet. Yes, this is a bubble – the “AI-bubble”. And yes, the AI-bubble will end badly for many, many people. The only question is when. The phrase “this time is different” was, […]

  “Historic!” trumpeted Thierry Breton, the European Commissioner for Internal Market, in a statement extolling new comprehensive regulations over artificial intelligence (AI) that in his words would make Europe “the first continent to set clear rules” for the technology. The assumption is that the European Union, having approved the rules in December, is blazing a trail […]

Fifteen years of stringent regulatory requirements and gloomy macroeconomic conditions have taken a toll on bank profitability, especially in Europe. But lately, a new wave of optimism is spreading over the global banking sector. At first glance, bankers have at least one good reason to be cheerful again. Since July 2022, the European Central Bank lifted interest […]

Artificial intelligence is set to reshape human life and social interactions. A critical question is whether these changes will occur gradually, or if we will encounter a transformative tipping point – potentially, one coming very soon. Geoffrey Hinton, a world leader in AI development and the technologies behind ChatGPT, recently quit his post at Google. He […]