Watson’s Weekly 09 -12-2023

This is an amalgamation of the “best bits” of the daily weekday newsletter/blog woven together to form a concise and coherent view on the things that matter in the commercial and economic news of the week. 

THE COLOURED HIGHLIGHT REFERS TO THE EDITION WHERE THE STORY APPEARED IN WATSON’S DAILY. Clicking on the day will take you to the appropriate edition of Watson’s Daily.

IN BIG PICTURE NEWS...

This was the week when China’s credit rating took a tumble, when Spotify cut 17% of its employees and when McDonald’s launched CosMc’s…

IN COMMODITIES…

IN OIL…

IN RENEWABLES NEWS…

IN BITCOIN-RELATED NEWS…

IN BUSINESS, EMPLOYMENT & CONSUMER TRENDS NEWS...

IN BUSINESS TRENDS…

IN EMPLOYMENT TRENDS…

IN CONSUMER TRENDS…

IN RETAIL & LEISURE NEWS...

IN RETAIL NEWS…

IN LEISURE NEWS…

IN M&A NEWS...

IN AUTOMOTIVE NEWS...

IN BATTERIES…

IN EV NEWS…

IN OTHER CAR NEWS…

IN TECH NEWS...

IN AI NEWS…

  • Meta and IBM launched an “AI Alliance” which takes an “open-source” approach to the larger players in AI at the moment – Google, Microsoft and OpenAI (who take the opposite approach). Dell, Sony, AMD, Intel and a number of uni start-ups and universities are also part of this new alliance.
  • Google launched a new batch of AI models that will run directly on mobile phones for the first time. Being able to run an AI model natively on a mobile phone has two main advantages – firstly, it’s cheaper to run, and secondly, it means that private data will be restricted to the device itself.
  • BlackRock will be rolling out its first generative AI tools to clients from the beginning of next year that will enable them to access information from its risk management systems. A number of financial services companies are also experimenting with AI tools for their own use and for the use of clients. Bank of America, Wells Fargo and PwC are among those who are already working on/launching such models.

IN OTHER TECH NEWS…

IN OTHER NEWS...

BANTER

My favourite “alternative” story from this week is actually this educational one about how to find the centre of a circle! I never knew this!!!