People & Profit

The business show that goes beyond the numbers and the corporate jargon! We break down major business stories and look at how they affect our lives. Thursday at 4:45pm Paris time.

  1. 1d ago

    Can AI play a role in reducing inequality?

    In the debate about how best to regulate artificial intelligence, what about its role in development and aid? Warnings about the potential for exacerbating inequality are rife – but the World Bank argues that the technology could be harnessed for good. Paschal Donohoe, Managing Director and Chief Knowledge Officer at the World Bank Group, says there are concrete benefits in industries like farming, education and healthcare. "We know that artificial intelligence can play a role in crop productivity. By playing a role in helping farmers better managing what they are planting and harvesting, it has a bigger impact on their productivity and the income they gain. And I saw a very clear example of this in India, where I saw small rice farmers who, through use of artificial intelligence, were given better advice on how rice could be planted and harvested." He believes developing economies can reap the benefits of AI if it's tailored to their needs – which he refers to as small AI. "That means AI that is more appropriately adjusted to local circumstances, has a higher ability to run offline, will have the ability to operate in environments in which connectivity or electricity may not be at a very high level." Donohoe says that even as technology transforms daily life, development agencies remain focused on addressing inequality and basic needs like access to clean water, healthcare and education. "By ensuring in dealing with the development of artificial intelligence, that we do not for a moment lose sight of all [those] issues (...) We are recognising the change that is now taking place with AI, and we are making the case that while of course it brings challenges, small AI in particular, harnessed correctly with the right policies around it, can play a positive role."

  2. Sep 25

    Canada seeks new role in global economy

    As trade ties with the US continue to fray, Canada is seeking a new role and new partners in the increasingly fragmented global economy. Prime Minister Mark Carney has been courting more foreign investment as well as closer ties with the European Union and Asian economies.  Julian Karaguesian, former special advisor to Canada's Department of Finance and visiting lecturer at McGill University's Department of Economics, says Carney is seeking new markets for Canada's energy and critical minerals industries. "If you look at the last year, our exports to the United States fell by about 4 percent, and that cut [economic] growth. However, our exports to the rest of the world over the same period increased by 11 percent (...) so there's an adjustment going on."  Read moreEurope and Canada are 'strong, even stronger together', Carney tells European Parliament Karaguesian says that while trade ties between Washington and Ottawa "can recover" from recent tensions, the relationship between the neighbours may be permanently altered. "I see it as becoming more polite beyond Trump – a little more polite or maybe a lot – but I don't see it as changing much, because they need these moneys from tariffs, from taxes. It's not clear what happens after Trump, but I just don't see it changing that much."  He believes that Canada is an attractive bet for investors. "There is a lot of foreign interest in Canada, because we're offering a way of getting returns on investment that aren't in US dollars, because US bond markets and US dollar assets are looking, for lack of a better term, a little shaky; there's a lot of volatility. Canada is offering real equity stakes in the country's infrastructure, energy and so forth."

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The business show that goes beyond the numbers and the corporate jargon! We break down major business stories and look at how they affect our lives. Thursday at 4:45pm Paris time.

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