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.
Financial technology has become a heavily lucrative industry that has grown over the years, taking everything from retail banking to wealth management online. Recently, CNBC, an American basic cable business news channel and website, in partnership with statistics and data gathering portal Statista, identified 200 of the top fintech companies globally. What are the most successful and important players on the field?
For a long time, he was the richest Chinese; a few years ago, he fell to fourth place. Jack Ma, the founder of Alibaba, one of the largest e-commerce platforms in the world, and the founder of Fintech Ant Group, today presents himself above all as a philanthropist.
The digital euro is to be part of people's everyday lives in a few years, says Joachim Nagel, president of the German Bundesbank. The euro currency guards are already working intensively on a digital version of the common currency.
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.

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