CNBC: Morgan Stanley is rolling out an advanced chatbot powered by OpenAI’s latest technology to help the bank’s army of financial advisors, CNBC has learned. The bank has been testing the artificial intelligence tool with 300 advisors and plans to roll it out widely in the coming months, according to Jeff McMillan, head of analytics… Continue Reading
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Category Archives: Economy
Bank financials, 1976–present
Via Jeremy Singer-Vine / Data is Plural: “Bank financials, 1976–present. The Federal Financial Institutions Examination Council’s National Information Center “provides comprehensive financial and structure information on banks and other institutions for which the Federal Reserve has a supervisory, regulatory, or research interest.” Its datasets include quarterly financial statements for bank holding companies, going back to… Continue Reading
Why Weren’t Silicon Valley Bank Depositors Using CDARS?
Credit Slips – Adam Levitin: “Silicon Valley Bank seems to have had large amounts of uninsured deposits from businesses and high net worth individuals. And those uninsured deposits are likely to be impaired in the receivership, meaning that they will not get paid 100 cents on the dollar whenever they do get paid. But here’s… Continue Reading
How AI could write our laws
MIT Technology News: “Nearly 90% of the multibillion-dollar federal lobbying apparatus in the United States serves corporate interests. In some cases, the objective of that money is obvious. Google pours millions into lobbying on bills related to antitrust regulation. Big energy companies expect action whenever there is a move to end drilling leases for federal… Continue Reading
Funding news: How Gen Z and Millennials pay for or donate to news
American Press Institute: “As the economics of journalism continue to evolve, a defining question about the future is whether the news media can create content that consumers are willing to pay for or donate to directly. Central to answering that question is understanding the behavior of what many publishers call the next generation of news… Continue Reading
We’ve Just Lived Through a Financial Accident
Think Adviser – Mohamed El-Erian: Overly loose monetary policy led to the current financial accident, Allianz’s chief economic advisor said. He predicted that the Fed will now start to retreat from its inflation fight, which will be bad in the long term. Depositors shouldn’t worry, El-Erian noted. See also DataTrek – Silicon Valley Bank’s issues… Continue Reading
Only 14 countries have full equal rights for women
World Economic Forum: “There are only 14 countries in the world which offer full legal protections to women, according to the report Women, Business and the Law 2023, recently published by the World Bank. Belgium, Canada, Denmark, France, Greece, Iceland, Ireland, Latvia, Luxembourg, Portugal, Spain and Sweden as well as Germany and the Netherlands were… Continue Reading
ClearGov Launches ChatGPT Tool for Municipal Budgets
Government Technology: “ChatGPT is getting a chance to prove itself in municipal budgeting via a new tool from Massachusetts-based government technology vendor ClearGov. AI is perhaps the hottest new thing in gov tech, poised to play a role in everything from education to transit to public agency communications. Few tasks are more important to government… Continue Reading
How to Track Your Tax Refund in 2023
ProPublica – “The IRS offers a few simple ways to track the status of your tax refund. Here’s when and how you can keep an eye on it. Online: You can check your refund status on the IRS website. See below for the information you’ll need to have handy. App: The IRS2Go app is available… Continue Reading
The AI hype bubble is the new crypto hype bubble
Pluralistic / Cory Doctorow: “…Blockchain was a solution in search of a problem. So is AI. Yes, Buzzfeed will be able to reduce its wage-bill by automating its personality quiz vertical, and Spotify’s “AI DJ” will produce slightly less terrible playlists (at least, to the extent that Spotify doesn’t put its thumb on the scales… Continue Reading
The Quick and the Dead: building up cyber resilience in the financial sector
“Introductory remarks by Fabio Panetta, Member of the Executive Board of the ECB, at the meeting of the Euro Cyber Resilience Board for pan-European Financial Infrastructures, Frankfurt am Main, 8 March 2023 – “The proliferation of cyber threat actors combined with an increase in remote working and greater digital interconnectedness is raising the risk, frequency… Continue Reading
Welcome to Heatmap
“We hope to do climate coverage a little differently. Heatmap is a new media company focused on the biggest story in the world: the great climate and energy transition. We’re your guide to that transformation reshaping our economy, our politics, and our culture. We seek to understand the new planet that’s emerging and help you… Continue Reading
