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Lloyd's - 2 Dado Ruvic - 1 ” - 1 Bruce Carnegie - 1 Brown - 1 Beazley - 1 Carolyn Cohn - 1 Jonathan Oatis - 1
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5 mentions found


☆ Major cyber attack could cost the world $3.5 trillion -Lloyd's of London
  + stars: | 2023-10-18 | by ( ) www.reuters.com   time to read: +2 min
3D printed models of people working on computers and padlock are seen in front of a displayed CYBER ATTACK words and binary code in this picture illustration taken, February 1, 2022. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsLONDON, Oct 18 (Reuters) - A major cyber attack on a financial services payments system could lead to global losses of $3.5 trillion, with much of it not covered by insurance, commercial insurance market Lloyd's of London (SOLYD.UL) said on Wednesday. Cyber insurance saw over $9 billion in gross written premiums in 2022 and is forecast to grow to $13 billion to $25 billion by 2025, Lloyd's said. Over 20% of the world's cyber premium is placed in the Lloyd's market, Lloyd's said. Major cyber insurers Beazley (BEZG.L) and Hiscox (HSX.L) are among more than 50 insurance companies in the Lloyd's market.
Persons: Dado Ruvic, Lloyd's, ”, Bruce Carnegie, Brown, Beazley, Carolyn Cohn, Jonathan Oatis Organizations: REUTERS, Lloyd's, Cambridge Centre, Risk Studies, China, Thomson Locations: London, United, Japan
☆ Global economic losses from extreme weather could hit $5 trln -Lloyd's
  + stars: | 2023-10-11 | by ( ) www.reuters.com   time to read: +2 min
Lloyd's, which carried out the research alongside the Cambridge Centre for Risk Studies, stressed that its "systemic risk scenario", which models the global economic impact of extreme weather, was hypothetical. But it said the work would improve business and policymaker understanding of their exposure to critical threats such as extreme weather. When adjusting the estimated $5 trillion in losses over a five-year period for the probability of those extreme weather events occurring, the expected global economic losses were $711 billion, Lloyd's said. Lloyd's modelled global economic losses of extreme weather events by estimating the impact of food and water shocks on global gross domestic product over a five-year period. The Caribbean region would lose 19% of its GDP over five years if the extreme weather events were concentrated there, Lloyd's estimated.
Persons: Umit, Lloyd's, Trevor Maynard, Tommy Reggiori Wilkes, Mark Heinrich Our Organizations: REUTERS, Cambridge Centre, Risk, Thomson Locations: Turkey's, Istanbul, Turkey, London, Greater China, Caribbean
☆ Anduril founder Palmer Luckey says the ChatGPT buzz is making politicians more interested in AI-powered weapons
  + stars: | 2023-09-09 | by ( Lakshmi Varanasi | ) www.businessinsider.com   time to read: +4 min
Palmer Luckey told Breaking Defense the ChatGPT hype is making politicians interested in AI weapons. While Luckey may be best known as the founder of Oculus, in 2017 he created a defense tech startup called Anduril Industries. In a recent interview with Breaking Defense, Luckey said "ChatGPT has probably been more helpful to Anduril with customers and politicians than any technology in the last 10 years." Luckey, who referred to Anduril as an "AI company," clarified to Breaking Defense that ChatGPT wasn't actually powering Anduril's products. It builds military technology including drones, surveillance towers, and underwater vehicles powered by its AI software system, Lattice.
Persons: Palmer Luckey, Luckey, he's, that's, Palmer, ChatGPT, you'll, futher, Anduril, Andreessen Horowitz, Lockheed Martin, Trump, we've Organizations: Breaking Defense, Capitol, Pentagon, Service, Anduril Industries, Defense, Blue Force Technologies, TechCrunch, Founders Fund, Boeing, Lockheed, Department of Defense, Department of Homeland Security, CNBC, Special, Command, US Customs, Protection, Jaan, Skype, Cambridge Centre, Life Locations: Wall, Silicon, Jaan Tallinn
☆ An AI weapons race may create a world where everyone stays inside out of fear of being 'chased down by swarms of slaughterbots,' warns founding Skype engineer
  + stars: | 2023-08-18 | by ( Kylie Kirschner | ) www.businessinsider.com   time to read: +4 min
Jaan Tallinn helped build Skype and is the founder of the Future of Life Institute. He recently warned of the risks of an AI arms race, describing theoretical anonymous "slaughterbots." As AI technology develops, Tallinn is especially afraid of the implications that military use might have for the future of AI. When contacted by Insider, the Future of Life Institute told Insider it agreed with Tallinn's remarks on his fears of weaponized AI. Now AI researchers, tech moguls, celebrities, and regular people alike are worried.
Persons: Jaan, Al Jazeera, Tallinn's, Elon Musk, Christopher Nolan, Steve Wozniak, Emad Mostaque, Musk, Insider's Kali Hays, — Organizations: Skype, Life Institute, Jaan, Al, Cambridge Centre, Elon, Apple Locations: Jaan Tallinn, Estonian, Tallinn
☆ Legal and finance jobs are among the most at risk from AI, while construction and trade jobs face minimal influence, studies suggest
  + stars: | 2023-04-04 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +6 min
While the studies predicted advances in AI tech could also improve labor productivity and create jobs, they said some industries would likely be more affected than others. The researchers used a benchmark that matched specific work tasks with AI capabilities to calculate the results. They estimated that about 46% of work tasks in the sector could be automated. FinanceBanks are already incorporating AI tech into their day-to-day business operations. The Goldman researchers estimated that about 29% of computing and mathematical tasks in the US and Europe could be automated.
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