https://www.scmp.com/rss/323784/feed Klaus Schwab is founder and executive chairman of the World Economic Forum. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com In recent months, the development of artificial intelligence has accelerated considerably, with generative AI systems such as ChatGPT and Midjourney rapidly transforming a wide range of professional activities and creative processes. The window of opportunity to guide the development of this powerful technology in ways that minimise the risks and maximise the benefits is closing fast. AI-based capabilities exist along a continuum, with generative AI systems such as GPT-4 (the latest version of... https://www.scmp.com/comment/opinion/article/3218181/genie-out-bottle-time-world-agree-ai-guardrails?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3218181/genie-out-bottle-time-world-agree-ai-guardrails?utm_source=rss_feed Tue, 25 Apr 2023 04:30:16 +0000 Covid-19 lockdowns may be gradually easing, but anxiety about the world’s social and economic prospects is only intensifying. There is good reason to worry: a sharp economic downturn has already begun and we could be facing the worst depression since the 1930s. But, while this outcome is likely, it is not unavoidable. To achieve a better outcome, the world must act jointly and swiftly to revamp all aspects of our societies and economies, from education to social contracts and working conditions.... https://www.scmp.com/comment/opinion/article/3087176/how-coronavirus-pandemic-could-provoke-great-reset-capitalism?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3087176/how-coronavirus-pandemic-could-provoke-great-reset-capitalism?utm_source=rss_feed Wed, 03 Jun 2020 07:00:13 +0000 What kind of capitalism do we want? That may be the defining question of our era. If we want to sustain our economic system for future generations, we must answer it correctly. Generally speaking, we have three models to choose from. The first is “shareholder capitalism”, embraced by most Western corporations, which holds that a corporation’s primary goal should be to maximise its profits. The second model is “state capitalism”, which entrusts the government with setting the direction of the... https://www.scmp.com/comment/opinion/article/3040071/what-kind-capitalism-does-world-need-one-where-business-leaders?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3040071/what-kind-capitalism-does-world-need-one-where-business-leaders?utm_source=rss_feed Mon, 02 Dec 2019 07:00:39 +0000 After the second world war, the international community came together to build a shared future. Now, it must do so again. Owing to the slow and uneven recovery in the decade since the global financial crisis, a substantial part of society has become disaffected and embittered, not only with politics and politicians, but also with globalisation and the entire economic system it underpins. In an era of widespread insecurity and frustration, populism has become increasingly attractive as an... https://www.scmp.com/comment/insight-opinion/article/2171972/fourth-industrial-revolution-will-worsen-inequality-only-if?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/2171972/fourth-industrial-revolution-will-worsen-inequality-only-if?utm_source=rss_feed Wed, 07 Nov 2018 07:00:15 +0000 Leaders must be responsive to the demands of the people who have entrusted them to lead, while also providing a vision and a way forward, so that people can imagine a better future. True leadership in a complex, uncertain, and anxious world ­requires leaders to navigate with both a radar system and a compass. They must be receptive to signals constantly arriving from an ever-changing landscape, and willing to make necessary adjustments; but they must never deviate from their true north, which is... https://www.scmp.com/comment/insight-opinion/article/2057453/five-challenges-true-global-leaders-2017?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/2057453/five-challenges-true-global-leaders-2017?utm_source=rss_feed Wed, 28 Dec 2016 10:17:23 +0000