"The Chinese use two brush strokes to write the word, 'crisis'. One brush stroke stands for danger; the other for opportunity. In a crisis, be aware of the danger - but recognize the opportunity," said John F. Kennedy many years ago. In a LinkedIn post, Emily Chang, a businesswoman of Chinese descent and CEO of Wunderman Thompson West, refuted him by explaining that in Mandarin - the sign for 'crisis' is a combination of the words 'danger, to endanger' and 'a crucial point, when something begins to change', not exactly 'opportunity'.
With a population of 2,8 million, Lithuania remains a prime destination for Fintech companies looking to expand into Europe. The unparalleled access to the customer market of the European Union, which counts more than 500 million people, underpinned by Lithuania’s digital infrastructure and supported by the country’s Fintech-friendly regulator, remain the key attributes of Lithuania’s attractiveness.
Managing wealth becomes increasingly complex. Besides a growing variety of investment opportunities, clients more and more pursue best-in-class solutions, leading to an increasing number of stakeholders. For service providers like wealth managers and family offices, reducing complexity for their clients is key to distinguishing themselves and strengthening their client relationships.
Taftie brings together Europe's premier national innovation agencies. Innosuisse will assume the President for one year commencing in January 2024. Learn more about Taftie and what it implies in the context of collaboration with Innosuisse.
If systems like GPT and ChatGPT can deliver on the features promised by their makers, they might have a substantial influence on the employment market, according to a group of Goldman Sachs analysts in a research paper shared with CNET recently. This trend may be recognised, notably in the United States. But, can Articial Intelligence (AI) actually endanger jobs?
As far as cryptocurrencies are concerned, Switzerland is becoming an incubator for innovation. In the canton of Zug, entrepreneurs can use Bitcoin to pay their taxes up to 1.5 million Swiss francs, and the Zuger government has pledged 39 million francs for a blockchain research center. The other cantons do not want to draw the shorter one: as the first state bank, the Luzerner Kantonalbank (LUKB) intends to offer trading in cryptocurrencies.
Although the Chinese government sees Artificial Intelligence (AI) as a strategic technology that helps it achieve its economic and geopolitical goals, the country laid out its rules to regulate those who provide generative AI capabilities to the public in China.
For more than 30 years, the IMD World Competitiveness Centre has conducted research on how nations and enterprises compete to lay the foundations for future prosperity. In the 2023 ranking, Denmark, Ireland, and Switzerland have been named the top three among 64 economies measured for their global competitiveness.

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