$15 billion of the insurance industry is at risk from AI, BofA says
BofA disagrees.“Our view is that large language model digital agents can effectively do a non-immaterial portion of the work currently provided by 20-30k independent agents across the United States,” the…
The Iran war could accelerate the rise of the ‘poly-national’ company
There are other forces disrupting the model of a centralized company. I spoke yesterday with Christina Kosmowski, CEO of LogicMonitor, which monitors customers’ tech systems from data centers to the…
Goldman finds ‘no meaningful relationship between AI and productivity at the economywide level,’ but a 30% boost for 2 specific use cases
Corporate America is talking about artificial intelligence (AI) more than ever, but a new analysis by Goldman Sachs reveals a stark divide between boardroom hype and macroeconomic reality. In a…
Qualcomm CEO: “Resistance is futile” as 6G mobile revolution approaches
I remember sending my first email in the early 1990s, a clunky experience which meant logging on to two different computer systems. I thought it would never replace the much swifter fax. The internet…
‘Could it kill someone?’ A Seoul woman allegedly used ChatGPT to help carry out two murders in South Korean motels
Careful how you interact with chatbots, as you might just be giving them reasons to help carry out premeditated murder.A 21-year-old woman in South Korea allegedly used ChatGPT to help…
Sam Altman says OpenAI is renegotiating with the Pentagon after an ‘opportunistic and sloppy’ deal
“The issues are super complex, and demand clear communication,” he wrote. “We were genuinely trying to de-escalate things and avoid a much worse outcome, but I think it just looked…
Jamie Dimon has a feeling inflation will be the ‘skunk at the party’—and the Iran conflict may already be enough to scare off the Fed for good
Speaking at the company’s annual global leveraged-finance conference, Dimon warned inflation may prove to be the “skunk in the room.” The proverbial economic mephitidae is unlikely to be triggered by…
Pizzagate and UFOs among questions Republicans have for Clintons over Epstein
After the depositions last week, Republicans seem to be moving on from scrutinizing the Clintons for their decades-old connections to Epstein and his former girlfriend Ghislaine Maxwell.The closed-door depositions showed…
Why investing in cybersecurity just became a ‘must-have’ for CFOs
For CFOs, this is no longer a back-office IT issue; it’s a balance sheet, liquidity, and disclosure risk.“We’re in the midst of annual planning cycles and insurance renewals, which makes…
Exclusive: CrowdStrike and SentinelOne veterans raise $34M to tackle enterprise AI’s governance gap
For the founders of JetStream Security, a San Francisco-based startup built by veterans of CrowdStrike, SentinelOne, and Cohesity, it’s an example of the problem they’re trying to solve. Companies are…
