The AI Wild West
The AI Wild West
The FT focuses on the use of artificial intelligence by employees. It refers to the lack of corporate training, policies and cyber protection as employees chart their own path. A survey by the Federal Bank of St. Louis revealed that fifty per cent of employees in financial services are using AI at least once a week. ChatGPT is actively used for writing and research purposes. Good innovation or destruction in the making?
France Downgraded
Moody’s has downgraded France’s long-term debt to AA3. The rating agency referred to the country’s economic outlook and political instability. The country’s debt is now trading at a premium of 0.78 per cent compared to Germany. Some might say this is surprising given the instability in the latter.