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Recent Editions
Risk Channel
North America
JPMorgan views aging grid infrastructure as a "national security risk" amid threats including extreme weather and cyberattacks. The bank says investments in grid infrastructure are "increasingly attractive" and a "massive investment opportunity" due to growing energy demand and volatility. “Energy volatility from geopolitics . . . means you may no longer want to rely on oil and gas deliveries from partners in the Middle East and North America and instead want to shift towards building out new renewable technologies that allow for energy self-sufficiency,” explained Sarah Kapnick, JPMorgan’s global head of climate advisory.
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Risk Channel
UK/Europe
The use of artificial intelligence at Norway's $2.1trn wealth fund, which is improving investment decisions and saving "billions of kroner" in trading costs, will not lead to job cuts, its chief executive officer Nicolai Tangen has said. “You should introduce AI in society to increase your production and value creation rather than cutting people out,” he said, describing such cuts to staff as “destructive.” Bloomberg notes that more than half of the fund’s 650 employees currently write code as part of a drive to boost efficiency by 20% across the organisation.
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