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Recently, the Shanghai University of Finance and Economics held the 'Kuangshi Financial and Economic Education Large Model' Release Conference and Digital Intelligence New Financial Forum in Shanghai. This innovative intelligent education platform was officially launched. The large model aims to accurately meet the diverse needs of financial education, marking an important step for the school in deeply integrating financial education with artificial intelligence (AI). Professor Zhang Liwen from the College of Statistics and Data Science at the Shanghai University of Finance and Economics introduced that this large model fully relies on the school's rich financial discipline background and advanced technological exploration, aiming to build a service platform for various types of financial education.

According to a recent Gartner report, global spending on generative AI is projected to reach $644 billion by 2025, a 76.4% increase from 2024. This significant growth reflects the rising adoption of generative AI by businesses. The report indicates that hardware will constitute a substantial portion of the generative AI spending in 2025. (Image generated by AI; image licensing provided by Midjourney)

Recently, OpenAI released a document titled 'Economic Blueprint,' aimed at discussing policies with the U.S. government and its allies to solidify America's technological leadership in the field of artificial intelligence. The blueprint mentions that the U.S. must attract billions of dollars in funding to secure chips, data, energy, and talent in order to win the AI competition. Chris Lehane, Vice President of Global Affairs at OpenAI, stated in the preface that while some countries are taking steps towards AI and its economic potential,

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,

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...

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.

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

Broadcom raised its annual revenue forecast for chips that assist artificial intelligence efforts by 10% on Wednesday and announced a stock split to address the surge in its share price this year. The chipmaker, headquartered in Palo Alto, California, saw its stock rise 12% in extended trading.

China implemented new laws governing deepfakes, Microsoft made significant investments in OpenAI, the U.S. Department of Defense updated its directives on autonomy in weapon systems, NIST released an AI risk management framework, and the U.S. and EU announced acceleration of joint AI research.

In the fourth quarter of 2023, global spending on cloud infrastructure services grew by 19% year-over-year, reaching $78.1 billion. The top three cloud providers, AWS, Microsoft Azure, and Google Cloud, accounted for 66% of total spending. Global spending on cloud infrastructure services is expected to grow by 20% in 2024. Leading cloud providers are increasing investments in generative AI to meet the rising demand.

["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.