The Sunday Brew #23
In this brew - IMF Global Financial Stability Report 2023, AWS Bedrock Generative AI API for Enterprise, Job loss fear over AI and US SEC move to bring DeFi exchange in oversight fold
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TOP STORY
IMF Global Financial Stability Report 2023
In this week, International Monitory Fund released its Global Financial Stability Report of 2023. The report outlines the potential impact of higher inflation and interest rates on the global financial system.
It notes that recent inflationary pressures and rising interest rates in some countries could lead to increased financial instability and risks for both advanced and emerging economies.
The report emphasizes that policy coordination and risk management are essential to mitigate these potential risks. It also highlights the need for policymakers to remain vigilant and agile in their responses to changing economic conditions. A blog by Tobias Adrian on IMF portal summarize the findings here.
WEEK’S PICK
AWS Bedrock - New Enterant in AI API Solution
Amazon entered the field of AI business by launching Bedrock, which offers cloud API services. The Bedrock API enables enterprises to create chatbots, summarize text, classify images, and perform other functions based on text prompts. In addition to its own models, Bedrock also provides access to models from Anthropic, AI21, and Stable Difussion. Read On »»»
Worries about Jobs exposed to AI
With the increasing availability of Generative AI models and offerings, worries about job losses resulting from AI exposure are escalating. However, some argue that exposure to AI does not necessarily equate to complete obsoletion and that concerns about this issue may be exaggerated. Read On »»»
United States SEC to bring DeFi under Exchange Fold
The Securities and Exchange Commission (SEC) is contemplating reopening a proposal to request public input on the definition of "exchanges," which could potentially bring decentralized finance (DeFi) exchanges under regulatory oversight. Read On »»»
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The Sunday Brew by The Percolator brings to you curated news on tech, business, and entrepreneurship, from across the internet to give your week a perfect start.
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