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- Feed Preview Welcome to GerdFeed: Futurist Gerd Leonhard's latest must-reads
"One hundred percent drudgery and boring,” said Gabriel Stengel, a former banking analyst who left..."
“One hundred percent drudgery and boring,” said Gabriel Stengel, a former banking analyst who left the industry two years ago. Val Srinivas, a senior researcher for banking at Deloitte, said ...
"There are jokes among junior bankers that the most common tasks of the job involve dragging icons..."
“There are jokes among junior bankers that the most common tasks of the job involve dragging icons from one side of a document to another, only to be asked to replace the icon over and again.�...
"consulting giant Accenture estimated that A.I. could replace or supplement nearly three-quarters of..."
“consulting giant Accenture estimated that A.I. could replace or supplement nearly three-quarters of bank employees’ working hours across the industry.” - The Worst Part of a Wall Street ...
"Some of Wall Street’s major banks are asking the same question, as they test A.I. tools that can..."
“Some of Wall Street’s major banks are asking the same question, as they test A.I. tools that can largely replace their armies of analysts by performing in seconds the work that now takes hou...
"Pulling all-nighters to assemble PowerPoint presentations. Punching numbers into Excel spreadsheets...."
“Pulling all-nighters to assemble PowerPoint presentations. Punching numbers into Excel spreadsheets. Finessing the language on esoteric financial documents that may never be read by another so...
"Artificial intelligence tools can replace much of Wall Street’s entry-level white-collar work,..."
“Artificial intelligence tools can replace much of Wall Street’s entry-level white-collar work, raising tough questions about the future of finance” - The Worst Part of a Wall Street Care...
"For example, providing virtual hearings will make it easier for people who have to balance things..."
“For example, providing virtual hearings will make it easier for people who have to balance things such as work or childcare.” - How digital transformation can improve access to justice - T...
"This will provide individuals with the ability to manage their case themselves, ensuring these are..."
“This will provide individuals with the ability to manage their case themselves, ensuring these are progressed as quickly as possible and that they can monitor what is happening in real-time.�...
"The first is digital inside, which involves focussing on streamlining organisational processes,..."
“The first is digital inside, which involves focussing on streamlining organisational processes, removing paper-based ways of working and automating tasks within our justice institutions and le...
Climate Change to Cause $38 Trillion a Year in Damages by 2049
Climate Change to Cause $38 Trillion a Year in Damages by 2049 : Climate change will inflict losses to the global economy worth an annual $38 trillion by 2049, as extreme weather ravages agric...
"The survey also found that 58% of finance chiefs said they’re “somewhat” or “very much” being..."
“The survey also found that 58% of finance chiefs said they’re “somewhat” or “very much” being pressured by the board to implement GenAI across the enterprise, with just 34% saying bo...
"And 70% of CFOs expect productivity hikes of between 1% and 10%, according to the report."
“And 70% of CFOs expect productivity hikes of between 1% and 10%, according to the report.” - CFOs are exploring generative AI, but a big concern is the tech skills of finance teams
"Among the Financial Officers surveyed by Heidrick, only 12% currently use AI in audit; 17% in..."
“Among the Financial Officers surveyed by Heidrick, only 12% currently use AI in audit; 17% in accounting and reporting; and 12% in FP&A. Projected usage two years into the future sees those fi...
"enriching uranium, to purities that far exceed those necessary to run a power plant. Iran is widely..."
“enriching uranium, to purities that far exceed those necessary to run a power plant. Iran is widely believed to have enriched enough uranium 235 to build at least three weapons; it is possible...
"Michael Singh, a former National Security Council official under George W. Bush, tweeted that the..."
“Michael Singh, a former National Security Council official under George W. Bush, tweeted that the attacks were “performative.” There was some evidence to support this idea: Iran’s leader...
"like to quote Napoleon’s dictum: When your enemies are making a big mistake, don’t interrupt them,”..."
“like to quote Napoleon’s dictum: When your enemies are making a big mistake, don’t interrupt them,” he says. “Iran interrupted its enemy at a time when Israel was increasingly isolated...
"The founder of one generative AI company tells me we are rapidly entering the age of “generative..."
“The founder of one generative AI company tells me we are rapidly entering the age of “generative media”. “The internet and social media brought the cost of distribution down to zero. Now...
"The parallels with generative AI are striking. To some extent, our machines are doing today what..."
“The parallels with generative AI are striking. To some extent, our machines are doing today what humans have been doing forever: mashing up different cultural inputs to generate slightly varie...
"Such claims conveniently forget that everything comes from somewhere, is dug up, borrowed, moved,..."
“Such claims conveniently forget that everything comes from somewhere, is dug up, borrowed, moved, purchased, stolen, recorded, copied, and often misunderstood,” he writes. “Culture is a hu...
"love hallucinations,” says Martin Puchner, a Harvard University professor and author. “They are so..."
“ love hallucinations,” says Martin Puchner, a Harvard University professor and author. “They are so cool when it comes to artistic creation.” As” - Why AI hallucinations can be a ...