AI

In a recent joint statement, 87 human rights and civil rights organisations urged the US Congress to take action on the significant human rights and societal risks created and enabled by artificial intelligence (AI) technologies. The statement outlines some threats posed by AI to society. The first US regulation on AI systems is under preparation.
Nowadays, many firms are exploring various forms of AI for a range of uses. They look for greater back-office and middle-office efficiency and to secure better experiences and outcomes for clients. How do wealth managers cope with AI?
Industry 4.0 has struggled to live up to its lofty expectations, particularly when it comes to implementing technology such as artificial intelligence (AI) and machine learning (ML) into industrial processes. Large volumes of data and intricate plant operations have made it difficult to realise this ideal, therefore Industry 4.0 is still mostly a notion.
In a world where innovation dictates the pace of progress, Japan emerges as a pioneering force in the robotic realm, carving a niche of mechanised marvels that not only fascinate but also promise robust financial vistas. The nation's robotic sector is not a mere exhibition of technological prowess; it is a domain where ultra-high-net-worth individuals (UHNWIs) and high-net-worth individuals (HNWIs) can envisage potential investment opportunities. Japan is leading a robotics revolution that blends circuits and silicon with flesh and bone.
Only three out of ten adults in the USA are able to correctly name all six uses of artificial intelligence (AI) asked for in the survey. This is the result of the study conducted at the beginning of 2023 by the Pew Research Center, which deals with opinion polls and demographic research.
What do the software company Celonis, the listed air taxi manufacturer Lilium and the HR software company Personio have in common? All three are young and successful. And they all started out as start-ups in Munich.
The impact of artificial intelligence (AI) in banking is immense. Many different banking and financial companies keep themselves updated with recent trends. According to The Economist Impact, which regularly publishes analysis and research, 77% of bankers believe that the ability to unlock the value of AI will be the difference between the success or failure of banks.
FinTech, short for "financial technology", has become an essential part of today's financial infrastructure as the world undergoes a profound digital transformation. FinTech is no longer just about mobile banking apps or online payment gateways. It has grown into a broad field that affects almost every part of our financial lives. Understanding the technical aspects of FinTech is essential for financial managers to stay ahead in this competitive landscape.

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