Author: completebodyneeds

OpenAI CEO Sam Altman said on Tuesday the rapid development and adoption of AI would not lead to a global “jobs apocalypse” and the technology had not claimed as many white-collar jobs as he had feared. Speaking virtually at a Commonwealth Bank of Australia (CBA) conference in Sydney, Altman said he was initially concerned about the impact AI would have on global employment levels. He said he and his executives had been “roughly right” on the technological predictions made by OpenAI when it launched ChatGPT in 2022. But he said they were “pretty wrong” on the social and economic implications.…

The Fidelis Partnership (TFP) announced a partnership with Howden as part of a new capability in TFP’s underwriting platform, designed to deliver a step change in the automation and streamlining of the pre-bind submission process for complex risks. Through automated ingestion of broker submissions, the new TFP capability — called “Broker Connect” — is intended to significantly enhance the speed and quality of information flows between brokers and underwriters, enabling faster and more accurate underwriting decisions. The platform aims to enhance accuracy and data quality across TFP’s underwriting, operations and claims functions, ensuring data flows smoothly post-bind and eliminating the…

European insurers and pension funds would likely be hit harder than banks by fallout from losses in the private credit industry, the European Central Bank said after simulating a “severe” shock to the market. The “illustrative exercise” included three stages: direct private credit losses, further hits from loans to software firms in correlated leveraged debt markets and broader second-round market revaluations, the ECB said in an extract from its financial stability review published on Tuesday. Insurers faced the biggest impact in absolute terms because of their larger, less senior exposures to private credit and equity holdings in the broader market…

Brazilian prosecutors are suing health agency Anvisa and the federal government to ban the use of top-selling weed killer glyphosate, dealing a potential blow to chemical companies in Latin America’s largest economy. A special division of the prosecutor’s office tasked with protecting workers’ rights filed a lawsuit Friday seeking to ban the registration of products containing glyphosate and its derivatives. The suit also seeks to prohibit authorization for the production, export, import, sale and use of the active ingredient and its compounds, citing risks to human life, occupational health and the workplace environment. An effective cancellation of glyphosate’s registration in…

This article is part of a sponsored series by EZLynx. How much of your team’s day is spent on tasks that could run on autopilot? Sending renewal reminders. Confirming policy changes. Tracking submissions. Following up on unanswered emails. These are all important business processes, but they don’t need a person behind them every single time. In most independent agencies, though, that’s exactly what’s happening. Staff spend their days on repetitive tasks and manual processes that slow things down and pull focus away from growing the business. The result is slower processing times, higher operational costs, and a customer experience that…

Aboard the RFA Lyme Bay docked off the coast of Gibraltar, hundreds of British sailors are waiting to be deployed for a mine-clearing mission to the Strait of Hormuz that is still in doubt. U.S. President Donald Trump has lashed out at allies for not doing more to support the United States’ war effort in Iran, whose chokehold on the strait has crippled international shipping and sent energy prices soaring. In March, Trump told NATO allies to “go get your own oil” and secure the strait themselves. On the southern tip of the Iberian Peninsula, in the British Overseas Territory…

On the tarmac of Kuala Lumpur International Airport, a cargo of drugs on their way to a clinical trial were warming in the rising afternoon sun. At risk of being spoiled, a newly installed tracker that monitors temperature, humidity and location, alerted the pharmaceutical company in real-time about the threat. The intervention earlier this month is an example of how nascent technology can help protect the world’s $35 trillion global trade system, not just from geopolitical disruption and human error, but also from an increasingly unpredictable climate. Without an alert about potential high-temperature risks to the clinical product, “then guess…

An oil pipeline operated by Plains All American in East Los Angeles, California, was shut down after a rupture, the company said on Friday. The line was struck by a third party conducting excavation work, the company added. It did not provide details on how much oil may have leaked or a timeline on when flows would be restored. The ruptured pipeline was Line 63, which gathers and distributes crude oil from the San Joaquin Valley for delivery to another pipeline and local refiners, two trading sources said. The fire department said a coordinated clean-up effort was underway and that…

Pennsylvania Attorney General Dave Sunday announced an agreement with GEICO that should modify an artificial intelligence (AI) initiated auto insurance policy cancellation process the state alleged was unfair and confusing, The agreement stems from a complaint from a new GEICO policyholder in West Philadelphia who lost her insurance as a result of the company’s standard 60-day policy review for new customers. The company utilized a tool with artificial intelligence to select the customer for further review and underwriting, leading to cancellation without adequate notice and the customer unknowingly driving uninsured. GEICO required the policyholder to submit additional documentation under threat…

Ferries, cargo ships and tankers cut through choppy waters in the San Francisco Bay as a whale surfaced nearby, its spout barely visible against the white caps. Until now, whales could easily go unnoticed by mariners, but an AI-powered detection network launched this week is designed to track them day and night. The system, called WhaleSpotter, scans the bay around the clock for whale blows and heat signatures up to 2 nautical miles away, alerting mariners to slow down or reroute when whales are nearby. “They’ll be able to make adjustments way before they get anywhere close,” said Thomas Hall,…