Category «Economy»

AI in Finance and Banking, May 15, 2025

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: Artificial intelligence and human capital: challenges for central banks; Artificial Intelligence and the Labor Market: A Scenario-Based Approach; How Good is AI at Twisting Arms? Experiments in Debt Collection; The rapidly increasing power of generative artificial intelligence (gen AI) models is more than a passing fad, even if the full extent of its impact in financial services is yet unclear; and Generative AI may shoulder up to 40% of workload, some bank execs predict

Subjects: AI in Banking and Finance, Economy, Education, Financial System

AI in Finance and Banking, April 30, 2025

Subjects: AI in Banking and Finance, Economy, Education, Financial System, Leadership, Management, Technology Trends

AI in Banking and Finance, April 15, 2025

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: Tariffs, Trump and AI Are Changing Everything. Should My Portfolio Change Too? And what about my career? Or retirement plans? Three experts weigh in on how to adjust to uncertain times; In today’s hyperconnected financial landscape, identity is the new perimeter. And attackers know it; How Much Should We Spend to Reduce A.I.’s Existential Risk?; How Good is AI at Twisting Arms? Experiments in Debt Collection; Artificial Intelligence in Investment Banking Transforming Operations and Client Services; and The Transformative Role of Artificial Intelligence and Big Data in Banking.

Subjects: AI, AI in Banking and Finance, Economy, Financial System, Legal Research

Pete Recommends – Weekly highlights on cyber security issues, April 5, 2025

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Five highlights from this week: What to Know About Trump’s Order to Phase Out Paper Checks; Apple faces $5 billion class action lawsuit over eBooks purchases; Why Encryption Matters for Your Data Backups (And How to Do It Easily); Texas’ AI-Powered Surveillance Arsenal Has Ballooned. Proposed Laws Provide Few Guardrails; and How to recognize and prevent deepfake scams.

Subjects: AI, Cryptocurrency, Cybercrime, Cybersecurity, Economy, Financial System, Privacy

AI in Finance and Banking – March 31, 2025

Subjects: AI, AI in Banking and Finance, Economy, Financial System

Your law firm needs a Situation Room

Jordan Furlong advises law firms that in this chaotic new world order, organizations cannot sit back waiting for the next bombshell to drop. Firms need to anticipate, analyze, and address critical new developments — before they affect the organization and its clients. Furlong highlights the components of well grounded strategic action plans to reduce risk and respond in a firm wide manner.

Subjects: AI, Communication Skills, Economy, Education, Law Firm Marketing, Leadership, Legal Marketing, Legal Profession

AI in Finance and Banking, March 18, 2025

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.

Subjects: AI, AI in Banking and Finance, Cryptocurrency, Economy, KM

America’s clean air rules boost health and the economy − here’s what EPA’s new deregulation plans ignore

The Trump administration announced on March 12, 2025, that it is “reconsidering” more than 30 air pollution regulations in a series of moves that could impact air quality across the United States. “Reconsideration” is a term used to review or modify a government regulation. While Environmental Protection Agency Administrator Lee Zeldin provided few details, Prof. Richard Peltier discusses how the breadth of the regulations being reconsidered affects all Americans. They include rules that set limits for pollutants that can harm human health, such as ozone, particulate matter and volatile organic carbon.

Subjects: Climate Change, Economy, Energy, Government Resources, Healthcare, Legal Research, United States Law

AI in Finance and Banking, February 28, 2025

Subjects: AI in Banking and Finance, Economy, Financial System