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Artificial intelligence isn’t a game changer

Not much time passes these days between so-called major advancements in artificial intelligence. Yet researchers are not much closer than they were decades ago to the big goal: actually replicating human intelligence. That’s the most surprising revelation by a team of eminent scholars who just released the first in what is meant to be a series of annual reports on ...

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Deutsche asset management to pay bulk of profit in dividends

Bloomberg Deutsche Bank AG’s investment unit said it plans to pay out most of its earnings to shareholders as it seeks to attract investors to a planned initial public offering next year. The asset manager will use its DWS German retail brand to sell its products globally and will be renamed to reflect that brand, the bank said on Tuesday. ...

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Weak global inflation assumption increases upside risk, says RBNZ

Bloomberg The Reserve Bank of New Zealand’s new assumption that global inflation will stay lower for longer means it is more exposed to the risk of prices picking up, Acting Governor Grant Spencer said. “More recently we have been assuming greater persistence in low global inflation and this is contributing to our current flat track for future OCR levels,” Spencer ...

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