Over the past decade, Norway's $1.5 trillion Norges Bank Investment Management fund has invested more and more heavily in the U.S. instead of in its European neighbors. According to It's leader, Nicolai Tangen, the reason is that Americans basically work harder and are more ambitious. Also he believes America's performance in innovation is superior to Europe's
Reported by Fortune citing The Financial Times
Sixty-one percent of people do not trust business leaders to tell the truth, i.e. they believe they are purposely trying to mislead people by saying things they know are false or gross exaggerations.
Government leaders come in at 63% and reporters & journalists at 64%
From Edelman Institute's annual Trust Barometer Report
Corporate pension funds and state & local government funds are moving investments from stocks into bonds and / or alternative investments where they can get sizable returns on risk-free assets. Example: California Public Employees’ Retirement System, is planning to move close to $25 billion out of equities into private equity and private debt.
From WSJ
Gen-Z, born between 1997 and 2012 are about to outnumber Boomers in the full-time workplace. The U.S. now has more than 6,000 Gen-Z CEOs and 1,000 Gen-Z politicians. As the generation becomes more influential, companies, governments and investors will need to incorporate understanding how these employees differ from Boomers and Gen-X'ers in order to effectively connect with them.
From the Economist
About 20% of employed adults said they have used OpenAI’s ChatGPT for work as of February 2024, up from 8% a year ago. An Adobe study reports the most popular uses for AI at work are research and brainstorming, writing first-draft emails and creating visuals and presentations. But only 26% of companies have an established AI policy to guide their organization's use of the technology.
Sources: From WSJ citing Pew Research. From Adobe and from Investopedia.
Although AI is a major priority according to 100 executives interviewed in a recent poll, 75% of CEOs said they were not prepared to guide colleagues through adopting the technology. This is likely one reason for a rise in the number of AI consulting firms.
From McKinsey citing Fortune. From The CIO Journal published by WSJ.
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