Business Extra: AI and cybersecurity predictions for 2022


Kelsey Warner
  • English
  • Arabic

Sharp uptick in robot orders in the US amid a worker shortage. Historically large cyber and ransomware attacks on critical infrastructure. A chip shortage that threatened to grind the auto industry to a halt.

Looking back on some of the biggest technology threats of 2021, experts from the World Economic Forum, Algirde Pipikaite, cybersecurity lead, and Jayant Narayan, AI and machine learning lead, weigh in on what we learnt – and where we are headed.

This is what to expect in 2022 on the frontiers of AI and cybersecurity.

In this episode

How was 2021 for AI? (1m 02s)

The displacement of work by automation (2m 19s)

Predictions for AI in 2022 (5m 10s)

Where are we in the evolution of FinTech? (8m 54s)

2021 and cybersecurity (7m 44s)

The risk environment in cybersecurity (9m 46s)

Trends in 2022 for cybersecurity (13m 07s)

Read more

Robots and automation can't be at the cost of people's well-being

Automation and AI are leading themes for global investors

EU sets up cyber-security task force to defend bloc from ransomware attacks

Artificial intelligence is spurring renaissance and redefining creativity in arts

LEADERBOARD
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War and the virus

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Developer: From Software (remaster by QLOC)
Publisher: Namco Bandai
Price: Dh199

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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Young women have more “financial grit”, but fall behind on investing

In an October survey of young adults aged 16 to 25, Charles Schwab found young women are more driven to reach financial independence than young men (67 per cent versus. 58 per cent). They are more likely to take on extra work to make ends meet and see more value than men in creating a plan to achieve their financial goals. Yet, despite all these good ‘first’ measures, they are investing and saving less than young men – falling early into the financial gender gap.

While the women surveyed report spending 36 per cent less than men, they have far less savings than men ($1,267 versus $2,000) – a nearly 60 per cent difference.

In addition, twice as many young men as women say they would invest spare cash, and almost twice as many young men as women report having investment accounts (though most young adults do not invest at all). 

“Despite their good intentions, young women start to fall behind their male counterparts in savings and investing early on in life,” said Carrie Schwab-Pomerantz, senior vice president, Charles Schwab. “They start off showing a strong financial planning mindset, but there is still room for further education when it comes to managing their day-to-day finances.”

Ms Schwab-Pomerantz says parents should be conveying the same messages to boys and girls about money, but should tailor those conversations based on the individual and gender.

"Our study shows that while boys are spending more than girls, they also are saving more. Have open and honest conversations with your daughters about the wage and savings gap," she said. "Teach kids about the importance of investing – especially girls, who as we see in this study, aren’t investing as much. Part of being financially prepared is learning to make the most of your money, and that means investing early and consistently."

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MATCH INFO

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Power: 154bhp

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Transmission: 7-speed automatic with 8-speed sports option 

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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

Updated: December 29, 2021, 2:00 AM
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