This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Five highlights from this post: The Finance Sector Is Hitting an Inflection Point With AI; Artificial Intelligence and the Labor Market; China’s central bank vows to promote applications of AI large language models;  AI and the Extended Workday: Productivity, Contracting Efficiency, and Distribution of Rents; and The AI supply chain – We find that the LLM agents display mixed performance in these general tasks. They lack the awareness to learn from mistakes and the capacity for self-correction. LLMs’ performance in the most complex cognitive subtasks may not be the limiting factor for their deployment in real-world environments. Instead, it would be important to evaluate the capabilities of AGI-aspiring LLMs through general tests that encompass multiple cognitive tasks, enabling them to solve complete, real-world applications.

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