No. of Recommendations: 2
Longer conversation between Mark Carney and Bruce Flatt. Much will be familiar to those who follow Brookfield (everybody say: "backbone of the global economy")
https://www.youtube.com/watch?v=Mr670blgQIQA few nuggets:
Flatt: We did two things in the middle of Covid: essentially invented decarbonization as a business, started insurance business. Those will be as big strategic decisions as getting into asset management.
Flatt sees AI as 'highly meaningful and productive' for business, a major contributor to productivity
Application of AI to car battery design and manufacturing will create 'enormous' productivity advances
Carney (central banker, macroeconomist) sees the application of AI adding an additional 75 basis points/year to GDP growth.
The most sophisticated institutional investors have increased their allocation to alternatives, but insurance hasn't caught up, despite it suiting their needs in many ways.