BLOGS

There has been a lot of hype surrounding a new technology released at the end of November 2022 called ChatGPT. I believe ChatGPT is an embryo, not even fully born… yet! ChatGPT is a natural language processing (NLP) chatbot utilizing OpenAI’s Generative Pre-Trained Transformer 3 (GPT-3) language model, created in May 2020. The model predicts the next token value of a response based on previous...

ChatGPT, as we all know, went from nonexistent to fodder for dinner-party conversations and late-night monologues in the span of about two weeks—an unprecedented hype curve. Many of us are supposedly going to lose our jobs when they are automated away by this technology.  Well, here at Aite-Novarica Group, we decided to test these notions. Can an AI write as well as or...

連邦準備制度理事会（FRB）は、米大手銀行6社に対して気候変動に伴う複数のシナリオを提示し、ローン事業への影響に関する情報提供を求めています（一部では「気候変動ストレス・テスト」と報道していますが・・）。対象金融機関は、Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, Wells Fargoの6行で、7月末が提出期限となっています。 ■ FRBパイロット・プログラム概要 米連邦準備制度理事会（FRB）は、2022年9月に異常気象が金融機関のローン・ポートフォリオや事業戦略にどのような影響を与えるかを大手6行を対象に調査すると発表していたが、2023年に入り、依頼する情報提供の内容詳細：パイロット気候シナリオ分析エクササイズ（Pilot Climate Scenario...

Happy New Year! And welcome to 2023, a year which appears to offer great promise, fascinating contradictions, and some real risks for insurance carriers as they execute in what feels like a different era. The changes we have experienced over the past three years have been profound and, in many ways, have altered our trajectory.  We are, we hope, finally entering a post-pandemic era. Many...