CW Europe – March 2017

CW Europe – March 2017


In this quarter’s CW Europe, read why the risks posed by technology to jobs, political stability and cyber security were discussed at the World Economic Forum in the Swiss town of Davos in January. The World Economic Forum warned that rapid advances in technology could destabilise employment and economic growth, and could exacerbate social unrest.

For example, in its Global Risks 2017 report, it warns that, as a result of AI and other disruptive technologies, long-term jobs are giving way to self-employment in the “gig” economy, leaving individuals to shoulder more responsibility for the costs of unemployment, sickness and old age. Prospering in this scenario will be a real life challenge governments and businesses will face in coming years.

France is one country in Europe that looks set to take a lead in the use of AI. Facebook’s decision to set up its first research centre outside the US in France was a vote of confidence in the country’s abilities in the technology. But AI in France is not without challenges. The fear of unemployment is a problem, as is the lack of the kind of entrepreneurship you get in the US, or even other European countries, such as the UK and the Nordics. Investors are more reticent in France, and legal structures are such that when a company grows beyond 50 employees, the government shackles it in obligations. Read more about it in this issue.


06 Mar 2017
09 Mar 2017
20 Page(s)
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