1344 (61-70)
May 7, 2024
Latest in AI: Copyright conflicts, selfdriving cars, and more AI assistants
Region:
International
Thematic Research
Analyst:
Adrian Cox, Olga Cotaga
PDF222k
The pivotal role of copyright in deciding who gets paid for AI-generated content has come back into the spotlight with more media firms suing AI developers for alleged copyright infringement.
In this edition of 'Latest in AI', we discuss the dilemma for news organisations; show how self-driving cars are moving up a gear; and review Amazon’s decision to enter a crowded market for AI assistants. [more]
May 7, 2024
Stablecoins: Learning from 334 currency pegs since 1800
Region:
International
Thematic Research
Topic:
Digital
Analyst:
Cassidy Ainsworth-Grace, Galina Pozdnyakova, Marion Laboure
PDF578k
Two years ago, the stablecoin TerraUSD collapsed, causing a ripple effect in the cryptocurrency market. TerraUSD was designed to maintain a 1:1 ratio with the dollar through an algorithm that balanced it with another cryptocurrency, Luna. [more]
May 6, 2024
Drastic shifts in savings and borrowing in 2023 – mortgages could pick up in 2024
Region:
Germany
Germany Monitor Household finance
Topic:
Banking and financial markets
Analyst:
Heike Mai
PDF390k
Over the course of this year, mortgage borrowing could pick up moderately, after it had flattened out in 2023. Overall growth of deposit products will probably remain modest. The reallocation from traditional bank deposits into higher-yielding products such as savings bonds is set to continue. [more]
May 3, 2024
Forecast update: In search of lost time
Region:
Germany
Focus Germany
Topic:
Macroeconomics
Analyst:
Marc Schattenberg, Robin Winkler
PDF688k
We raise our German growth forecast for 2024 to 0.3%. This should finally lift real GDP convincingly above pre-pandemic levels. There are two reasons for greater optimism than at the start of the year: stronger growth in consumption and in exports. At the same time, however, the poor investment outlook will remain a drag on growth. The medium-term outlook is far from rosy. Potential growth in the German economy has fallen to 1% at best, and growth is unlikely to exceed this level materially even in 2025. Monetary policy will ease only slowly, German fiscal policy is unlikely to ease at all, and the US election comes with significant risks to global trade policy. [more]
May 3, 2024
Video: April jobs report
Region:
International
dbInSights - public
Topic:
Macroeconomics
Analyst:
Justin Weidner
Watch video
The latest employment report shows that 175,000 new jobs were created last month. Deutsche Bank's economist Justin Weidner gives his analysis on the data with spokesperson Gary Ramsay. [more]
May 2, 2024
European banks – back for good?
Region:
Europe
EU Monitor
Topic:
Banking and financial markets
Analyst:
Benjamin Goy, Jan Schildbach
PDF211k
Europe’s banking industry had not reported new record profits for more than 15 years. Yet in 2023, nominal net income finally surpassed the pre-financial crisis all-time high, as banks benefitted from rising interest rates. This dampened demand for credit, but cost of risk remained low. Capital ratios made up for the dip in the prior year and continue to be at comfortable levels, despite exceptionally large returns to shareholders. Both the cost-income ratio and post-tax return on equity improved significantly; the latter puts European banks on a par with their US competitors for the first time in many years. [more]
May 2, 2024
Video: Deutsche Bank’s Chief US Economist breaks down the FOMC meeting
Region:
International
dbInSights - public
Analyst:
Matthew Luzzetti
Watch video
The Federal Reserve left rates unchanged today. Please watch Deutsche Bank’s Chief US Economist Matt Luzzetti discuss what this means for the economy with Claire Rodgers. [more]
April 30, 2024
Latest in AI: Tech earnings, small AI models, and election "deepfakes"
Region:
International
Thematic Research
Analyst:
Adrian Cox, David Folkerts-Landau, Galina Pozdnyakova, Jim Reid, Pam Finelli
PDF230k
The reaction by AI-obsessed investors to last week’s earnings reports from four of the “Magnificent Seven” big tech companies was clear: show me the money.
In this third edition of our “Latest in AI” newsletter, we examine which companies came out on top; explain the significance of the latest "small language models"; and take a look at the regulation of "deepfakes" in a year of elections. [more]
April 30, 2024
CBDCs: A Wait-and-See approach in the midst of the cash love story
Region:
International
Thematic Research
Analyst:
Cassidy Ainsworth-Grace, Marion Laboure
PDF653k
The arrival of digital central bank cash, or central bank digital currencies (CBDCs), is no longer a question of 'if' but 'when and how.' Currently, 98% of the world's central banks are researching, experimenting, piloting, or deploying CBDCs. [more]
April 25, 2024
Latest in AI: Meta Llama 3, Mistral $5bn valuation and UK regulation
Region:
International
Thematic Research
Analyst:
Adrian Cox, David Folkerts-Landau, Galina Pozdnyakova, Jim Reid, Pam Finelli
PDF611k
Meta’s release of Llama 3, its next generation large language model (LLM), is not just an aggressive strategic move, but also a significant strike for open-source AI in the existential clash with proprietary models from OpenAI and Google.
In this second edition of our “Latest in AI” newsletter, we explain why this matters. We also discuss the implications of Mistral’s potential $5bn valuation just a year after it was founded, and the significance of the UK’s changing attitude towards AI regulation. [more]