2024 is set to be a busy year for the UK, with Donald Trump being re-elected as President of the United States, interest rates slightly declining, and geopolitical tensions intensifying. As the new year approaches, Bloomberg News has interviewed several CEOs in the UK to discuss their outlook for 2025. These CEOs come from various industries, including finance, construction, and energy, sharing their insights on key themes for the coming years. Image source note: The image is AI-generated, with licensing provided by Midjourney.

At the Reuters NEXT conference held on December 11, Robin Vince, CEO of BNY Mellon, expressed optimism that the U.S. economy will experience growth under newly elected President Donald Trump. Vince noted that economic growth is crucial for the U.S., and Trump has made it clear that he believes in the nation's economic potential. He emphasized that as a financial institution with a 240-year history, BNY Mellon is committed to providing diversified financial services to its clients, including custody,

The Beatles' latest track 'Now and Then' has received two Grammy nominations, thanks to AI restoration techniques.

Recently, OpenAI announced an important personnel appointment, naming former U.S. Chief Economist Aaron Chatterji as the company's first Chief Economist. This former economist who worked under President Joe Biden will provide an economic perspective to OpenAI's research, focusing on the impacts of artificial intelligence (AI) on economic growth and employment prospects. Chatterji has a rich background in government work and previously served as a senior member of President Barack Obama's Council of Economic Advisers.

Recently, consulting firm Accenture released a new research report indicating that the UK's potential in generative artificial intelligence (AI) far exceeds that of other developed countries. The report shows that if this technology can be effectively utilized, the UK's economic growth could nearly double. Source note: The image is generated by AI, image licensed by service provider Midjourney. The report emphasizes that the greatest opportunity for generative AI lies in enhancing productivity, especially in the public sector. For instance, doctors could save up to five working hours each week, while business sales representatives may reduce their...

As OpenAI continues to enhance its models, the small startup Nomi AI is also developing similar technologies, but with a greater focus on AI companionship applications. Nomi's chatbot can remember user interactions and provide more detailed responses when users share their experiences. Nomi has internally developed an LLM and trained it to offer companionship services, a process that is somewhat different. If someone tells Nomi that they had a tough day at work, Nomi might recall that the user had an issue with a colleague.

In the virtual game Minecraft, a civilization constructed by agents has emerged. Over 1000 agents displayed astonishing cooperation in this pixelated world, building economic, cultural, religious, and governance systems, creating a trading market with gems as currency, and establishing an independently functioning economic system. The agents not only exchanged goods but also spread religion through 'bribing' villagers, with activities remarkably similar to human society, operating 24/7. The cooperative ability among the agents even surpasses large-scale cooperation seen in human history.

NIO has released a new version of its smart system, Banyan 3.0.0, which includes numerous additions and optimizations to core functionalities aimed at enhancing the user experience. The AI smart chassis features an upgraded 4D full-domain comfort navigation function that can be activated without GPS, introducing a bump index that has now been applied to the ES6 and EC6 models. The NOMI smart assistant has introduced six new core functions, including parking assistant, guard, service steward, discovery exploration, DJ, and travel memories, while also incorporating NOMI suggestions and full cabin memory functions to provide personalized services.

A recent report reveals a gender gap in the use of generative AI tools. 59% of male employees use generative AI at least once a week, compared to 51% of females, with a 12-point higher usage among young men. By 2032, AI is expected to impact 90% of jobs, posing greater challenges for women due to higher automation rates in their roles. Women participate less in AI skills training and have limited awareness of AI benefits, hindering their career a....

South Korea has seen its semiconductor exports reach an all-time high due to the soaring global demand for artificial intelligence, prompting the government to significantly increase its economic growth forecasts. According to the Ministry of Economy and Finance's statement on Wednesday, the government predicts that the country's gross domestic product will grow by 2.6% this year, which is 0.4 percentage points higher than the previous forecast. Meanwhile, the inflation rate remains unchanged at

["With economic data back in focus, US stocks dipped slightly","Weak demand for US Treasury bonds led to rising bond yields","Performance of AI concept stocks was mixed, with Ideal Automotive soaring 18%","Microsoft invested in the AI startup Mistral, causing Intuition Robotics stock price to plummet"]

With the rapid development of artificial intelligence technology, concerns about job security are gradually rising. A new study from MIT indicates that the current cost of deploying this technology may lead employers to prefer retaining existing employees, at least for the time being. The MIT research considered factors beyond technical performance, focusing on the economic attractiveness of AI technology and emphasizing the importance of cost in determining whether employers would adopt it. The study points out that as technology advances, the costs of AI deployment will decrease, but even if costs reduce by 20% each year, most companies...

New research from the Massachusetts Institute of Technology's Computer Science and Artificial Intelligence Laboratory challenges previous predictions, suggesting that the impact of artificial intelligence on employment and automation may be slower than expected. The study focuses on the field of visual analysis, such as quality inspection on production lines, and finds that while certain tasks can be automated using AI, the economic appeal of automation is relatively low. Taking the job of a baker as an example, the research reveals that the costs of deploying simple AI systems far exceed the actual wage savings achieved through automation, making the employment of humans still more economically viable.

IMF President Kristalina Georgieva stated that artificial intelligence will affect 60% of jobs in advanced economies. Older workers will be more susceptible to this transformation, with nearly 40% of global employment exposed to the risks of AI. While the impact of AI is smaller for emerging markets and developing countries, they may find it more difficult to benefit from new technologies, potentially exacerbating the digital divide and income inequality. The IMF emphasizes the importance of policies, especially to help low-income countries seize the opportunities presented by AI more rapidly.

Generative artificial intelligence (gen AI) is expected to impact 90% of jobs in the United States, with the deployment of gen AI likely leading to significant changes in half of the jobs, affecting around 9% of workers. The widespread adoption of gen AI will impact not only manual and routine knowledge work but also higher-level knowledge work. Cognizant emphasizes the importance of strategic retraining and has launched the Synapse program aimed at redefining technology education and workforce development.

Nobel laureate Christopher Pissarides warns the younger generation that AI may replace job opportunities in STEM fields. Pissarides believes that empathy and creative skills will become increasingly important in a future where AI automates more analytical tasks. While there is high demand for STEM graduates, traditional personal skills are less likely to be replaced by technology in industries such as hospitality and healthcare. Various predictions suggest that AI will impact the job market, but humanities skills will still dominate in areas such as communication, customer service, and healthcare.

Michael Jordan believes that current large models still need to improve in quantifying uncertainty and providing measures of certainty in predictions. Large models also lack a healthy economic incentive structure to trace and reward those who provide answers. Michael Jordan had two epiphanies in his career, one in statistics and the other in microeconomics, which influenced his expectations for large models. He believes that solving social problems requires considering issues from a systemic and collective perspective, not just enhancing individual models. Governments and foundations should not only support large corporations.

The recent changes in the OpenAI board, which is entirely male, have raised concerns. Forbes has recommended ten women AI leaders to join the OpenAI board to enhance gender diversity. The nominees include co-directors of the Stanford AI Research Institute, former Chief Scientist of AI/ML at Google Cloud, among others. There is a call for OpenAI to prioritize these women leaders in elections to ensure the board represents a diverse global community.