BSI | Jotup

The Impact of Artificial Intelligence on the Willingness to Pay for Digital Newspaper Subscriptions - An Empirical Study by BSI of the German News Market

Retrieved on:

Monday, February 5, 2024

Online, Intelligence, Research, Human, AI, News, Frankfurter Allgemeine Zeitung, Big data, DJV, BSI, Attitude, Editorial, Volition (psychology), EUR, Artificial intelligence, Journalism, Medical device

However, readers are still very skeptical about the use of artificial intelligence in news media.

Key Points:

However, readers are still very skeptical about the use of artificial intelligence in news media.
Even more dramatic: they punish the use of AI with a massively lower Willingness to Pay.
For example, the Willingness to Pay for online news drops by 30 percent when AI is used to research, process or create news.
This was determined by the "BSI Artificial Intelligence (AI) Think Tank" of the Brand Science Institute in a Germany-wide representative survey of 1,458 respondents.

The Impact of Artificial Intelligence on the Willingness to Pay for Digital Newspaper Subscriptions - An Empirical Study by BSI of the German News Market

Retrieved on:

Monday, February 5, 2024

However, readers are still very skeptical about the use of artificial intelligence in news media.

Key Points:

However, readers are still very skeptical about the use of artificial intelligence in news media.
Even more dramatic: they punish the use of AI with a massively lower Willingness to Pay.
For example, the Willingness to Pay for online news drops by 30 percent when AI is used to research, process or create news.
This was determined by the "BSI Artificial Intelligence (AI) Think Tank" of the Brand Science Institute in a Germany-wide representative survey of 1,458 respondents.

Deposit market concentration and monetary transmission: evidence from the euro area

Retrieved on:

Sunday, February 4, 2024

Neumark, American Economic Journal, Paper, A18, A21, Money, A4, Financial crisis, International, A5, A1, Exercise, Timothy, A14, Monetary policy, IRF, Interest rate, Economy, Quarterly Journal of Economics, NII, A8, Policy, HICP, MMF, Control, Statistics, Series, ECB, DNB, Index (economics), Finance, Section 3, GDP, History, American Economic Review, De Nederlandsche Bank, Rigidity, XB, Habit, Website, Federal funds, Social science, A11, 95.1 FM, IMF, MPS, A9, Credit, University of Amsterdam, Wang, A26, HHI, European Economic Review, Reproduction, Shock, University, Journal of Political Economy, Central bank, A30, Journal of Monetary Economics, Interval (mathematics), A25, G21, Politics, Auerbach, Silvana Tenreyro, XT, Research Papers in Economics, Causality, Deposit, Yb, A27, Time series, Dynamics, Literature, Hey, SSI, Interpolation, O'Driscoll (surname), BSI, A23, United, Domestic, European Central Bank, VAR, A28, Rigid transformation, A6, OIS, Role, PDF, Research, Feedback, The Journal of Finance, A15, A17, NFC, A22, E43, DSGE, Quarterly Journal, E52, MIR, Appendix, A10, Information, Surface finishing

Abstract

Key Points:

Abstract
I study the transmission of monetary policy to deposit rates in the euro area with a
focus on asymmetries and the role of banking sector concentration.
Moreover, the
gap between deposit rates across euro area member states - despite being exposed to the same
key ECB interest rates - has widened.
This begs the question whether deposit rates are more
sluggish in response to both policy rate increases and cuts, and what factors might influence the
transmission of monetary policy to deposit rates.
Whether banks are indeed able to adjust deposit rates asymmetrically to positive and
negative changes in policy rates could thus well depend on how much market power they hold
in the deposit market.
Arguing that market power increases in the degree of market concentration,
I further consider whether more concentrated banking sectors set rates (more) asymmetrically.
The response of deposit rates in banking sectors with an average degree of concentration does
not appear asymmetric.
The degree of market concentration is often pointed at, but recent evidence
for the euro area is scarce.
In this paper, I provide empirical evidence on the asymmetric response of deposit rates to
monetary policy, and relate this to the degree of concentration within a country?s banking sector.
Both papers
provide empirical evidence based on US deposit markets showing that deposit rates respond
more rigidly to upward changes in market rates than downward changes, especially so in more
concentrated markets.
Recent research on euro area deposit markets,
instead, has focused more on the transmission of negative policy rates (see e.g.
Whether banks are able to set deposit rates that materially differ from policy rates is affected
ECB Working Paper Series No 2896

4

by market concentration: market power is assumed to increase in the degree of concentration in
the banking sector.
Concentration thus appears to matter for how quickly ECB monetary policy has
been transmitted to deposit rates across the euro area.
Banks thus have a motive to be
rigid in adjusting deposit rates to a ?positive? monetary policy shock.
While customers are generally (and potentially rationally) inattentive, swift and substantial
nominal deposit rate declines may trigger deposit outflows.
relative deposit rate = deposit rate - short term rate
The inverse of the wedge, the relative deposit rate will allow us to see more clearly how
the deposit rate evolves in comparison to the short-term rate.
This then translates to (more
pronounced) effects on the transmission of policy to the deposit wedge, reinforcing the asymmetry discussed before.
More concentration would mean more rigid deposit rates (and thus an
increase in the deposit wedge) in case of positive surprises, and more flexible deposit rates (and
thus a decrease in the deposit wedge) in case of negative surprises (see also e.g.
I add an identical
altered-linex adjustment cost for deposit rates, to capture the upward rigidity and downward
flexibility of deposit rates as well.
As discussed
previously, the deposit rate is particularly rigid in case of a positive shock, illustrating the dividend smoothing motive and bank market power.
Without the asymmetric adjustment cost,
the response of the deposit rates to positive and negative changes in policy would have been
symmetric.
This appears a reasonable assumption
in general, as market concentration or market shares are slow-moving concepts.
3
Methods and data

I study the dynamic response to an unexpected change in monetary policy on deposit rates
in different countries in the euro area.
deposit rate - short-term rate), which for the sake of
brevity I will refer to as the ?relative deposit rate?.
Positive IRFs for the relative deposit rate imply that
the deposit rate has increased by more than the short-term rate, narrowing the wedge between
the short-term rate and the deposit rate.
0
?2
?2
?4
?6

?4
4

8

12

4

Months

8

12

Months

Figure 9: NFC rate response - linear combination of ?0 and ?1

Relative deposit rate at 1 month

Relative deposit rate at 4 months

0.0

0
?1

p.p.
0
0
?2
?1
?4
4

8

12

4

8

Months

12

Months

Figure 12: NFC rate response - linear combination of ?0 and ?1

Relative deposit rate at 1 month

Relative deposit rate at 4 months
2.0

1.5

p.p.
And, (2) how quickly
households and NFCs learn about changes in monetary policy, via the deposit rate, may vary
across the monetary union.
?0 , ?1 )
Figure A16: NFC overnight deposits, small member states
Relative deposit rate (average)

Relative deposit rate (interaction)

2

10
5

p.p.
?0 , ?1 )
Figure A19: NFC overnight deposits, four lags
Relative deposit rate (average)

Relative deposit rate (interaction)
5

0

p.p.
?0 , ?1 )
Figure A28: NFC overnight deposits, small member states
Relative deposit rate (average)

Relative deposit rate (interaction)

3

5.0

2

2.5

p.p.
?0 , ?1 )
Figure A31: NFC overnight deposits, four lags
Relative deposit rate (average)

Relative deposit rate (interaction)

3
2

p.p.

BSI names Harold Pradal as head of global Assurance business

Retrieved on:

Tuesday, January 30, 2024

Multimedia, BSI, Organization, International SOS, International, Assurance services, GE HealthCare, Management

LONDON, Jan. 30, 2024 /PRNewswire/ -- BSI has appointed a new President of its Assurance Services division.

Key Points:

LONDON, Jan. 30, 2024 /PRNewswire/ -- BSI has appointed a new President of its Assurance Services division.
The business improvement and standards company, which partners with more than 77,500 clients in 195 countries, has appointed Harold Pradal to head its global Assurance Services Division.
Additionally, Pradal has been appointed as a Board member of the Independent International Organisation for Assurance (IIOA) to represent BSI.
Pradal stated, "I look forward to partnering with the team and other organizations at IIOA, to increase the positive impact on society through assurance."

OM SYSTEM Announces OM-1 Mark II Camera, 9-18mm and 150-600mm Lenses; YouTube First Look Video at B&H Photo

Retrieved on:

Tuesday, January 30, 2024

BSI, LCD, Peter Hancock (professor), OLED, Animal, EVF, Dog, Live, Neutral-density filter, Human, Cat, Motorcycle, Bird, Telescopic sight

NEW YORK, Jan. 30, 2024 /PRNewswire/ -- B&H is pleased to introduce the new flagship camera and two lenses to OM SYSTEM's Micro Four Thirds lineup: the OM-1 Mark II camera, an updated M.Zuiko Digital ED 9-18mm f/4-5.6 II wide-angle zoom lens, and a versatile super-telephoto zoom M.Zuiko Digital ED 150-600mm f/5-6.3 IS lens. The OM-1 Mark II's major updates lie in the realm of computational photography, with the introduction of the first Live Graduated ND function, along with a rugged build perfect for outdoor photography. Likewise, the two lenses show OM SYSTEM's commitment to outdoor and nature photography, representing solid optics choices for landscape and wildlife subjects.

Key Points:

One of the biggest updates this Mark II model brings is the addition of the first Live GND (Graduated Neutral Density) function.
The final distinguisher of the OM-1 Mark II is its physical construction; this is a durable, IP53-rated system offering reliable performance in harsh conditions.
It's dustproof, splashproof, and freezeproof down to 14°F, and ergonomics have been reshaped for better finger grip on dial surfaces.
The viewfinder is a 5.76m-dot OLED with 0.83x magnification and anti-fog coating, and the OLED has a 120-fps refresh rate for realistic motion portrayal.

Element Science Receives CE Mark & UKCA Mark for the Jewel® Patch-Wearable Cardioverter Defibrillator

Retrieved on:

Thursday, January 25, 2024

View the full release here: https://www.businesswire.com/news/home/20240125437671/en/

Key Points:

View the full release here: https://www.businesswire.com/news/home/20240125437671/en/
Element Science Receives CE Mark & UKCA Mark for the Jewel® Patch-Wearable Cardioverter Defibrillator First of its kind life-saving technology receives CE Mark and UKCA Mark, paving the way for enhanced protection of patients with elevated risk of sudden cardiac arrest.
(Photo: Business Wire)
The Jewel P-WCD was designed to address limitations with traditional garment-based WCDs.
The company is now well positioned to plan for delivering this lifesaving technology to patients outside the US."
The Jewel P-WCD is limited to investigational use only and is not available for sale in the United States.

Remimazolam as an Alternative to Propofol in Oral Surgeries

Retrieved on:

Monday, January 29, 2024

LAWRENCE, Kan., Jan. 29, 2024 /PRNewswire-PRWeb/ -- Anesthesia Progress – Propofol has been a widely used intravenous sedative for oral and maxillofacial surgeries because of advantages like less postoperative nausea and vomiting (PONV), no air pollution issues, a fast, clean emergence profile, and less emergence delirium. However, propofol has some significant downsides, including cardiovascular depression, injection pain, high fat content, and not being water-soluble. Recently, remimazolam has been suggested as an alternative to propofol in dental procedures because it does not contain similar fat, does not cause injection pain, and does not have cardiovascular depression potential. But is remimazolam as safe and effective as propofol?

Key Points:

Recently, remimazolam has been suggested as an alternative to propofol in dental procedures because it does not contain similar fat, does not cause injection pain, and does not have cardiovascular depression potential.
The results of this study show that remimazolam could be considered a suitable alternative to propofol.
They go on to note that "remimazolam appears to be a safe alternative to propofol for providing intubated general anesthesia for oral and maxillofacial surgery procedures."
Full text of the article, "Comparison of Remimazolam and Propofol for Intubated General Anesthesia for Oral and Maxillofacial Surgery," Anesthesia Progress, Vol.

Hasselblad Announces 907X 100C Medium Format Mirrorless Camera Platform; YouTube Video First Look at B&H

Retrieved on:

Wednesday, January 24, 2024

BSI, Architecture, ISO, XCD, Hasselblad, BSI CMOS, Wi-Fi 6, TB, SSD, Human, A12, Lens, CFV, Viewfinder, Camera

NEW YORK, Jan. 24, 2024 /PRNewswire/ -- B&H is excited to announce the Hasselblad 907X 100C Medium Format Mirrorless Camera, an updated, higher-resolution medium format camera and digital back focused around modularity and versatility. This unique camera platform comprises the ultra-sleek 907X camera body, which serves as an interface between the new CFV 100C digital back and the XCD lineup of autofocus lenses. The CFV 100C back itself is further compatible with classic 500- and 200-series Hasselblad film bodies, as well as other technical and view cameras via a V System interface plate.

Key Points:

The Hasselblad CFV 100C is the cornerstone of this modular camera platform.
And, transitioning away from the dual SD slots, the CFV 100C now features a single CFexpress Type B port for additional, removable file storage.
The updated 907X camera body is also lighter weight—1.4 oz lighter than the one included with the CFV 50C II.
The 907X is a great platform, but one of the main benefits of the CFV 100C is its compatibility with Hasselblad's 500- and 200-series film bodies.

e& takes the lead in Brand Finance global brand ranking across categories

Retrieved on:

Wednesday, January 17, 2024

BSI, Cloud computing, E (musical note), WEF, AI, AAA, MEA, Marketing, Annual report, Internet of things, Retail

The 2024 Brand Finance Global 500 Report unveiled at the World Economic Forum (WEF) in Davos today confirmed e& as MEA's Fastest Growing Technology Brand and the most valuable brand portfolio in MEA.

Key Points:

The 2024 Brand Finance Global 500 Report unveiled at the World Economic Forum (WEF) in Davos today confirmed e& as MEA's Fastest Growing Technology Brand and the most valuable brand portfolio in MEA.
Hatem Dowidar, GCEO of e&, said: "The renewed endorsement from Brand Finance is yet another sign of the successful transformation of the company into a global technology group.
David Haigh, CEO, Brand Finance, said: "e& has been on a journey of reinvention, guided by Mr. Dowidar's expertise and experience.
Every year, Brand Finance conducts more than 5,000 brand valuations, supported by original market research, and publishes over 100 reports that rank brands across all sectors and countries.

e& takes the lead in Brand Finance global brand ranking across categories

Retrieved on:

Wednesday, January 17, 2024

BSI, Cloud computing, E (musical note), WEF, AI, AAA, MEA, Marketing, Annual report, Internet of things, Retail

The 2024 Brand Finance Global 500 Report unveiled at the World Economic Forum (WEF) in Davos today confirmed e& as MEA's Fastest Growing Technology Brand and the most valuable brand portfolio in MEA.

Key Points:

The 2024 Brand Finance Global 500 Report unveiled at the World Economic Forum (WEF) in Davos today confirmed e& as MEA's Fastest Growing Technology Brand and the most valuable brand portfolio in MEA.
Hatem Dowidar, GCEO of e&, said: "The renewed endorsement from Brand Finance is yet another sign of the successful transformation of the company into a global technology group.
David Haigh, CEO, Brand Finance, said: "e& has been on a journey of reinvention, guided by Mr. Dowidar's expertise and experience.
Every year, Brand Finance conducts more than 5,000 brand valuations, supported by original market research, and publishes over 100 reports that rank brands across all sectors and countries.