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☆ Why some college professors are adopting ChatGPT AI as quickly as students
▼ + stars: | 2023-04-02 | by ( Carolyn Chun | Kevin Travers | ) www.cnbc.com time to read: +3 min

In an analysis of professions "most exposed" to the latest advances in large language models like ChatGPT, eight of the top 10 are teaching positions. Post-secondary teachers in English language and literature, foreign language, and history topped the list among educators. Jobs most 'exposed' to generative AI Rank Profession 1 Telemarketers 2 English Language and Literature Teachers, Postsecondary 3 Foreign Language and Literature Teachers, Postsecondary 4 History Teachers, Postsecondary 5 Law Teachers, Postsecondary 6 Philosophy and Religion Teachers, Postsecondary 7 Sociology Teachers, Postsecondary 8 Political Science Teachers, Postsecondary 9 Criminal Justice and Law Enforcement Teachers, Postsecondary 10 SociologistsSource: "How will Language Modelers like ChatGPT Affect Occupations and Industries?" But affected jobs – or as the study officially describes it, jobs most "exposed to AI" – does not necessarily mean the human positions will be replaced. And for topics that are very dense, "ChatGPT can even help educators translate some of those lessons or takeaways in simpler language," he said.

☆ A psychology expert shares the 3 things she always does to boost her brain energy
▼ + stars: | 2023-03-23 | by ( Gloria Mark | ) www.cnbc.com time to read: +2 min

Here's how I plan my day to boost focus, feel happier and get more done:1. Many people prefer to begin their day with rote work (tasks that are repetitive and don't require much brain energy) before diving into harder work. I save the hardest tasks for my peak focus time. Your peak focus time is impacted by your natural circadian rhythm. My peak time is around 11:00 a.m., so I start my day a few hours earlier by looking at news headlines.

☆ Five Things Marketers Should Know About Generative AI in Advertising
▼ + stars: | 2023-03-17 | by ( Megan Graham | ) www.wsj.com time to read: 1 min

Generative AI might never replace human creative workers, marketers say, but in cutting back on rote work brands and agencies may be able to do more with fewer people. Many people have watched with delight and disquiet as generative AI has reached new levels of sophistication. Marketers are intrigued, but cautious. The ad industry already was experimenting with artificial intelligence to help with creative work, but the arrival of viral chatbot ChatGPT has marketers trying to figure out how they can effectively use the kind of generative AI that underpins it—systems that produce content from text to images. ChatGPT maker OpenAI this week released GPT4, the latest iteration of its tech, calling it the most capable yet.

☆ We're about to find out whether AI might replace those 200,000 laid-off tech workers as Silicon Valley prioritizes efficiency
▼ + stars: | 2023-03-16 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

As companies like Meta and Twitter get leaner, AI could replace those engineers. A consistent research finding is that AI tools make humans more efficient. "One reason that large firms struggle with new tech like AI: managers are squeamish about risk," Mollick tweeted. The best pro-human case is that workers are kept on and given access to AI tools like ChatGPT. It may be time for tech workers to update their favorite smug adage: Learn to code.

☆ I tried 4 of the best AI productivity tools for a week to make my job easier, but they just made my life harder
▼ + stars: | 2023-03-12 | by ( Aaron Mok | ) www.businessinsider.com time to read: +7 min

Labor experts agree that AI tools can make workers more productive. Insider's Aaron Mok tested 4 AI tools for a week to see if they can boost productivity. Many experts agree that AI tools can boost productivity, and people have already used ChatGPT and other AI tools to generate articles, write code, and produce real estate listings in attempts to save time. We wanted to put some of these AI productivity tools to the test. AI tools will not do your job, but they can make it easier if you spend time learning how to use themAfter playing with these tools for a week, I realized that there's a learning curve.

☆ Developers are turning to GitHub Copilot, a ChatGPT-like tool that helps them write code. One startup VP says it helped him save 10% of the time he'd spend coding.
▼ + stars: | 2023-03-06 | by ( Thomas Maxwell | ) www.businessinsider.com time to read: +5 min

GitHub Copilot, launched in 2021, uses generative AI to help programmers write code. Codex is the basis for GitHub Copilot, a tool that functions as a sort of autocomplete for software engineers. At a recent event in San Francisco, he compared using Copilot to a lottery experience. In other words, if developers don't already understand what they're looking for, they'll quickly get stuck using Copilot. "Sure, you could create a basic iOS app with Copilot," Ghazanfar said.

☆ Santander to return half of profits to shareholders in 3-year strategy
▼ + stars: | 2023-02-28 | by ( Jesús Aguado | ) www.reuters.com time to read: +2 min

"Profitability guidance will be a positive surprise for the market ... however the company had already guided to an above 15% ROTE in 2023," Jefferies said, adding that new dividend policy had also been anticipated. As part of this plan, Santander's European region will see this metric rising to 15% from 9.28% by the end of 2022. Santander also said that it expected to improve its efficiency ratio to 42% from currently 45.8%. Its total cash dividend per share for 2022 will rise to 0.1178 euros, it said, also announcing an additional share buy-back programme of 921 million euros ($974.8 million) after obtaining regulatory authorization. ($1 = 0.9448 euros)Reporting by Jesús Aguado; additional reporting by Emma Pinedo; editing by Inti Landauro and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

NEW YORK, Feb 28 (Reuters) - Goldman Sachs Group Inc (GS.N) Chief Executive David Solomon and his top executives are expected to unveil the company's medium-term financial goals on Tuesday, according to analysts. Its ROTE was 11% last year, missing analyst estimates, as rising interest rates prompted a sharp slowdown in dealmaking. Observers will also focus on the CEO's plans to decrease Goldman's reliance on trading and investment banking, which can be whipsawed by market volatility. The bank has said it plans to slim down some alternative investments that weighed on profits last year. Reporting by Saeed Azhar and Lananh Nguyen Editing by Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

☆ Santander lifts profitability goal to 15-17%, pay-out to 50% in 3-year strategy
▼ + stars: | 2023-02-28 | by ( ) www.cnbc.com time to read: +1 min

The lender also unveiled in a presentation to the Spanish supervisor a new dividend pay-out policy for the period of 50% of consolidated ordinary profit, compared to the previous policy of 40%. Santander proposed a final cash dividend of 0.0595 euros per share. As a result, the total cash dividend per share for 2022 will rise to 0.1178 euros, a rise of 18% compared to 2021. It also announced an additional share buy-back programme of 921 million euros ($974.79 million) after obtaining regulatory authorization. The bank's shareholder remuneration against 2022 results would rise to 3.84 billion euros, split in equal parts in cash dividend and share buy-backs.

☆ Santander bets on Europe recovery, customers to lift profits and pay-outs
▼ + stars: | 2023-02-28 | by ( Jesús Aguado | ) www.reuters.com time to read: +4 min

Santander has relied in the past on Latin America to cope with tough conditions for lenders in Europe since the financial crisis but banks across Europe are beginning to benefit from higher borrowing costs despite economic uncertainty. The remuneration would be in the form of cash payouts and share buybacks. This would bring Europe, the lender's main contributor to the group's profits, in line with the ROTE target seen for North America. Santander expects its cost of risk, which measures the cost of managing potential losses for the bank, to hover around 100 and 110 basis points in 2025 from an expected 120 bps this year. ($1 = 0.9448 euros)Reporting by Jesús Aguado; additional reporting by Emma Pinedo; editing by Inti Landauro and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

☆ Santander boss Botin expected to extol Europe, payout to sway investors
▼ + stars: | 2023-02-24 | by ( Jesús Aguado | ) www.reuters.com time to read: +5 min

Shares in Santander, the euro zone's second-biggest bank by market value, have fallen 47% since Sept. 10, 2014, while the European Stoxx 600 banks index (.SX7P) is down around 18%. "The bank will have a tailwind ... because half of the money comes from Europe. PAY-OUT FOCUSSome analysts expect a higher shareholder payout to be main plank of Santander's investor update in London. But lower valuations than European rivals and a better outlook for retail banks could help drive a share price rebound. Santander trades at a price to book value of 0.65%, compared to an average 0.73% from European peers.

☆ Analysis: Goldman Sachs CEO, after missteps, to take center stage at investor day
▼ + stars: | 2023-02-24 | by ( Saeed Azhar | ) www.reuters.com time to read: +6 min

"It's a pretty important investor day," said Mike Cronin, investor director at fund manager abrdn, which owns a stake in the bank. In 2020, Solomon kicked off Goldman's inaugural investor day by telling participants they should feel free to "break into open applause." A deal could broaden Goldman's revenue beyond trading and investment banking, which can be buffeted by economic cycles. The investor day is also an opportunity for the company to address questions around Solomon's leadership after bad press, Mayo said. But several presenters from the 2020 investor day have since left.

☆ StanChart’s takeover defences are getting stronger
▼ + stars: | 2023-02-16 | by ( Liam Proud | ) www.reuters.com time to read: +4 min

This year, he reckons the bank will churn out a near-10% return, rising to more than 11% in 2024. But if Winters can convince investors his new targets are remotely plausible, he’ll have a stronger case for StanChart’s independence. A typical offer pitched 30% above the price before the latest takeover speculation would value StanChart at just three-quarters of forward tangible book value. StanChart’s stronger takeover defences may be a problem for its suitors. StanChart earned an 8% return on tangible equity (ROTE), excluding restructuring expenses and a writedown of goodwill on the bank’s balance sheet.

☆ Barclays posts 19% slide in annual net profit after costly U.S. trading blunder
▼ + stars: | 2023-02-15 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

Here are the other financial highlights:Common equity tier one capital (CET1) ratio was 13.9%, compared to 13.8% in the previous quarter and 15.1% for the final quarter of 2021. Return on tangible equity (ROTE) was 8.9% for the fourth quarter, compared to 12.5% in the third quarter and 13.4% for the fourth quarter of 2021. Net interest margin (NIM) was 2.86% for the full year, compared to 2.52% at the end of 2021. The bank booked £1.2 billion in credit impairment provisions, versus a £700 million charge in 2021. Barclays declared a total dividend for 2022 of 7.25 pence per share, up from 6 pence in 2021, including a 5 pence per share full-year dividend.

☆ Bank of America downgrades Deutsche Bank as it struggles to improve profitability
▼ + stars: | 2023-02-10 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

It's time to sell shares of Deutsche Bank , according to Bank of America. Analyst Rohith Chandra-Rajan downgraded shares to underperform from neutral, as the European bank deals with challenges around profitability. "We see Deutsche Bank struggling to improve profitability as growth is heavily volume reliant, consuming cost and capital resources. Deutsche Bank shares are outperforming this year. The European bank stock is up more than 8% in 2023, better than the S & P 500's 6% gain.

☆ Wells Fargo hikes Goldman Sachs price target, says stock is undervalued relative to peers
▼ + stars: | 2023-02-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Wells Fargo believes more upside is in store for shares of Goldman Sachs . Banking analyst Mike Mayo upped his price target on the Wall Street investment bank to $420 from $390 a share. The new price target implies upside of about 12% from Tuesday's close. GS YTD mountain Goldman shares since the start of the year Goldman is targeting return on equity, a profitability metric, of 14%-16% and return on tangible equity of 15%-17% for 2023, Mayo said. Shares of Goldman Sachs have so far gained 9% in 2023.

Global markets revenue jumped by about 24% in October-December, the euro zone's biggest bank said on Tuesday, fuelled by a 45% leap in revenue from trading in commodity derivatives, rates, foreign exchange and emerging markets. BNP's 45% sales growth in FICC trading (fixed income, commodities, currencies) compared with 25% growth at peers, analysts at Barclays said. Shares in BNP Paribas (BNPP.PA) were up as much as 4% by 1432 GMT on Tuesday, outperforming the euro zone bank index (.SX7E) and valuing the group at more than 78 billion euros ($83 billion). "These are upward revisions that are quite significant and not so frequent," Bonnafe told reporters in a call. BNP Paribas' net income fell by 6.7% to 2.15 billion euros.

RAISED TARGETSBNP's solvency ratio has notably benefited from the $16.3 billion sale of the group's U.S. retail business Bank of the West. The transaction, closed on Feb. 1, will fund the bulk of the share buyback, that will be carried out in two tranches. Recent central bank rate hikes are set to bolster earnings from loans, especially if the spectre of a recession on the continent recedes. "We are setting ambitious financial targets and pursuing our technological advances," Chief Executive Jean-Laurent Bonnafé said. ($1 = 0.9326 euros)Writing by Mathieu Rosemain; Editing by Ingrid Melander, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ Wolfgang and Helene Beltracchi fooled the art market — and made millions
▼ + stars: | 2023-02-07 | by ( Oscar Holland | ) edition.cnn.com time to read: +12 min

“The forgery was almost incidental,” Wolfgang told Fischer. “They are storytellers, together, which is why they did a lot of research,” Fischer told CNN in a video call. Wolfgang told her that he only produced pictures he considered beautiful, and he believed the owners enjoyed them as much as the art market profited from them. In 2014, Wolfgang told CBS’ “60 Minutes” that in addition to the court-imposed damages, he had settled lawsuits worth $27 million. From her conversations with Wolfgang, Fischer concluded that both of his parents were “severely traumatized” by their experiences during World War II.

Persons: Wolfgang Beltracchi, Heinrich Campendonk —, Steve Martin, Wolfgang, Helene, Heinrich Campendonk, Peter Endig, Max Ernst, Fernand Léger, Kees van Dongen, Derain, Jeannette Fischer, Fischer, ” Wolfgang, “, ”, ’, ” Fischer, Paul Hahn, Hendrick Avercamp, Christie’s, Robin Hood, hadn’t, CNN Fischer, Picasso, —, aren’t, Leonardo da Vinci’s, Salvador Mundi, Andy Warhol, Vincent van Gogh Organizations: CNN, New York Times, Der, Art, CBS, Scheidegger Locations: Halle, Germany, Hitler’s Germany, Switzerland, France, Cologne, ”, Stalingrad

☆ BNP investors deserve bigger slice of M&A windfall
▼ + stars: | 2023-02-07 | by ( Liam Proud | ) www.reuters.com time to read: +4 min

He’ll give 4 billion euros to investors through share buybacks, which roughly cancels out the hit to BNP’s earnings per share from ditching the U.S. division. The other 7.6 billion euros, or two-thirds of the total haul, will pay for increased lending, investments in technology systems, and small acquisitions. Follow @liamwardproud on TwitterloadingCONTEXT NEWSBNP Paribas on Feb. 7 said it generated 50.4 billion euros of revenue in 2022, up 9% from the previous year. The French bank generated a 10.2% return on tangible equity in the year, slightly above the previous year’s 10%. BNP in 2021 agreed to sell BancWest to Canada’s BMO Financial for $16.3 billion in cash (15.2 billion euros).

☆ OpenAI makes a ChatGPT-like tool called Codex that can write software. Here's why Codex won't replace developers and will instead create more demand for their skills.
▼ + stars: | 2023-02-05 | by ( Thomas Maxwell | ) www.businessinsider.com time to read: +6 min

The same company is also behind Codex, a tool that automates the writing of software code. Codex is similar, except that instead of writing English sentences, it writes software code. Tell Codex what type of software problem you're trying to solve, and Codex will suggest a solution with a string of code. Similarly, Codex further simplifies certain software engineering tasks. "Then we'll have more engineers, and more software engineering.

☆ Deutsche Bank turnaround victory is really a loss
▼ + stars: | 2023-02-02 | by ( Liam Proud | ) www.reuters.com time to read: +3 min

LONDON, Feb 2 (Reuters Breakingviews) - In many ways, Christian Sewing has successfully rejuvenated Deutsche Bank (DBKGn.DE). Counterparties no longer fret about the German lender’s solvency, and he’s axed 3 billion euros of costs since starting as chief executive in 2018. The centrepiece of Sewing’s turnaround, however, was an 8% return on tangible equity (ROTE) target for 2022, which he’s effectively missed. The main question now is whether Sewing’s 2022 miss makes his 2025 ambitions even more farfetched. Sewing wants to cut another 2 billion euros in the coming years by closing retail branches, merging IT systems and decommissioning old ones.

☆ Generative AI is coming for the classroom, whether teachers like it or not. Here's why many in education think it should be embraced rather than shunned.
▼ + stars: | 2023-01-31 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +7 min

Fears of generative AI helping students cheat are rampant, and some school districts are banning it. Instead, educators should think about how generative AI can be used as a classroom learning tool. Insider spoke with multiple AI researchers and academics, startup founders, and education-nonprofit leaders to learn how they're approaching generative AI in the classroom. If used effectively, generative AI tools like ChatGPT can help students develop critical-thinking and problem-solving skills, which are crucial learning outcomes for most teachers. That way, students are actively engaged and wouldn't be able to use generative AI to complete a full assignment, he said.

☆ A public-speaking expert shares 8 tips to perfect — and even enjoy — your next work presentation
▼ + stars: | 2023-01-30 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +6 min

Practice your presentation beforehand — but don't memorizeGold cautioned against learning a presentation by rote. He suggested thinking about a presentation as several stories, each with a point, to allow yourself flexibility while speaking. "There's no harm in giving a presentation with less data, and then following up with a handout," Gold added. "You want it to be something that gives them a visual trigger to remember what you said after the presentation rather than being the actual presentation itself," Gold said. He suggested that, if you don't know an answer, tell them that it's a great question but you don't want to answer off the cuff.

☆ India is set to become the world’s most populous country. Can it create enough jobs?
▼ + stars: | 2023-01-17 | by ( Diksha Madhok | ) edition.cnn.com time to read: +5 min

New Delhi CNN —India will overtake China this year to become the world’s most populous country. That’s because India is simply not creating employment opportunities for the millions of young job seekers already entering the workforce every year. A huge crowd thronged India Gate on New Year's Eve on December 31, 2022 in New Delhi, India. The country needs to create at least 90 million new non-farm jobs by 2030 to absorb new workers, according to a 2020 report by McKinsey Global Institute. But, according to a former central banker, even this growth is “insufficient.”“A lot of this growth is jobless growth.

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