Global Matters Weekly – 18 July 2022

Outrunning dinosaurs with artificial intelligence

by Lorenzo La Posta, CFA

— We need to operate closer to the frontiers of where technology is going.

I am a Millennial, born in the early 90s, which makes me probably one of the last generations to have experienced life before digitalisation took over. Maybe I was too young to be afraid of the millennium bug, but as a kid, using the internet meant monopolising my home’s landline.

Digital technologies, once a premium item for few, are today embedded in all aspects of our lives and have brought significant changes and improvements to the way we live and operate.

Market Snapshot

  • Global equities fell 1.3% last week
  • Following his visit to Saudi Arabia, US President Joe Biden announced Saudi Arabia was ‘committed to support global oil market balancing’
  • Brent crude fell 5.5% over the week to $101.16 a barrel
  • Gold fell 2.0% to $1708.17 per ounce.