The arrival of artificial intelligence in people’s lives has accelerated the need to adapt different models to each reality. For this reason, countries such as Mexico, Chile and Argentina are interested in a model for the region, called LATAM GPT, which generates and processes texts in Spanish and Portuguese.

Together with other countries in Latin America, these nations are working to make a local AI model a reality, “designed specifically to meet the needs and challenges of the region”, making the most of “the capabilities and knowledge of the countries involved to develop a tool that can help solve problems and take advantage of opportunities in areas such as the economy, education, health and public management”.

Among the benefits of LATAM GPT, an improvement in the automation of processes and tasks is expected. Also, greater efficiency in decision-making; improvements in access to more accurate and up-to-date information and knowledge; and the strengthening of innovation and competitiveness in the region.

Each country participating in this initiative contributes its own strengths and experiences. Each has specific roles. For example, Mexico is in charge of leadership in the coordination and development of the project. Chile contributes experience in AI and machine learning. Argentina contributes in the collection and processing of data, and Brazil provides support in the integration of the tool with existing systems.

M.Pino

Source: consultoresretail

(Reference image source: Surface on Unsplash)

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The International Air Transport Association (IATA) announced that global air transport recovered 94.1 % of its 2019 passenger traffic last year, indicating a “strong upturn” in the wake of the pandemic.

In the fourth quarter of 2023, the frequency of aircraft, calculated in terms of paid passenger-kilometres (RPK), reached 98.4 % of the levels of the same period four years ago. IATA, which brings together 320 airlines representing 83 % of world air traffic, said in its monthly statistics that this translates into a “strong recovery” by the end of the year.

Border closures and other travel restrictions imposed since March 2020, due to the Covid-19 pandemic, had devastating effects on passenger air transport, which fell that year to 34.2 % compared to the 2019 level, according to the agency.

The recovery did not come until 2021, when 41.6 % of the pre-pandemic level was reached, and in 2022, with 68.5 %.

“The strong recovery from the pandemic continued into 2023,” said IATA Director General Willie Walsh, quoted in a statement. This augurs a “return to normal growth patterns by 2024. The recovered health of the travel industry is good news.”

The activity was again boosted by domestic routes, which in 2023 reached 103.9 % of their 2019 RPK, according to IATA. The trend accelerated with the end of movement restrictions in China, after three years of stringent measures, where domestic flights reached 107.1 % of 2019 levels.

Latin American Airlines posted the strongest year-on-year performance of all regions, with a 2.0 % increase in demand in 2023 compared to 2022 (+1.9 % for international operations).

K. Tovar

Source: Bancaynegocios

(Reference image source: Unsplash+, in collaboration with Getty Images)

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Every day there are more companies and their managers who recognize the importance of having cybersecurity solutions, which is why it is no longer an area for specialists and has become a strategic issue within organizations.

During next March 22 and 23, the event called CiberForum will be held in virtual format in Mexico, which aims to disseminate the new technologies existing in the market to face the digital risks presented by companies.

In the event, more than 40 specialists will refer to the best practices and the different strategies that experts apply to combat and prevent the different cyber attacks, they assure that this problem, although “it cannot be avoided, it can be prevented and combated with strategic”.

The companies MercaBien, Check Point, GS1, TotalPlay, Womcy, among others, will be participating in CiberForum 2022.

Cyber ​​attacks cause millionaire losses

A study carried out by RiskIQ highlights that computers with Internet connections “face 1.5 attacks“, which generate large losses of money for organizations. According to the publications made by PWC “information rescues have been around 70 million dollars” and the majority of companies (more than 50 %) estimate that by 2022 “cyber attacks will reach record numbers”.

For the editorial director of CiberForum, Uriel Naum Ávila, “companies seek to move quickly towards digital, but they are not taking into account the security risks that such a dizzying transformation implies. From his perspective, cybersecurity is essential for companies at the moment, therefore, it is no longer just a matter of specialized areas, but a matter of strategy in organizations.

M. Rodríguez

Source: mexico.quadratin.com.mx

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The Development Bank of Latin America (CAF) has issued a five-year term bond for an amount of $ 650 million and a coupon of 2.25 %. The resources obtained by the organization will be used to support the economic and social reactivation of Latin America and the Caribbean. “We appreciate the confidence and interest of investors in CAF bonds to promote the economic and social reactivation of Latin America and the Caribbean,” said CAF Executive President Sergio Díaz-Granados.

Díaz-Granados explained that the resources raised come from international markets at competitive rates, which will allow promoting “the sustainable development of the region through the financing of strategic projects, the provision of technical cooperation and knowledge products.”

CAF applies different sources of financing

Likewise, the entity has highlighted that for more than three decades it has carried out a strategy of diversifying its sources of financing, through an uninterrupted presence in global capital markets, which has placed it in a “privileged position internationally.” This status, according to CAF, has allowed the multilateral bank to carry out the issue “in the midst of a volatile market due to the expectation of rising international interest rates.”

Fund managers, central banks, commercial banks and public institutions have led the placement orders. The agents in charge of the transaction have been BNP Paribas, Goldman Sachs, Morgan Stanley and Nomura.

Source: dpa

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Kristalina Georgieva, director of the IMF, stressed that the institution will maintain the precision of global economic growth for 2021 at 6 %, However, she considers it necessary to increase the vaccination process to be able to underpin this recovery.

Georgieva highlighted, during a conference organized by the Peterson Institute for International Economics that “in April we forecast economic growth of 6 %. In July it is also 6 %, but the composition of that 6 % has changed between April and July.”

According to the latest analyzes carried out, some nations will grow more rapidly, compared to the April diagnosis, while in others it will be slower, depending on the speed and effectiveness of the vaccination process. “The difference is mainly in the speed and effectiveness of the vaccines, and the ability to add fiscal space.”

For the representative of the IMF, it is essential to prioritize vaccination against the pandemic “as an economic policy” and with a “sense of urgency” to be able to fight Covid-19. E especially in the face of the new Delta variant, which has been spreading rapidly. “At the rate we are going today, we will be unable to cut the pandemic by the end of 2022.”

Georgieva urged nations that have surplus vaccines to coordinate, according to possibilities, donations to other countries. “If we speed things up, it will cost the same money, but it will have a greater impact.”

The official recalled that the IMF and other multilateral organizations have requested an investment from the international community by 50,000 million dollars, to facilitate access to vaccines and finance actions that boost the end of the pandemic.

M.Rodríguez

Source: bancaynegocios.com

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