Video: CPI February

Analyst:

Rohini Grover

With the rapid advancements in technology and the increasing availability of high-quality data, quantitative FX research is becoming more sophisticated, allowing financial institutions and investors to make more informed decisions and navigate the complex and volatile foreign exchange markets. In a new video Rohini Grover, FX strategist, provides an overview of Deutsche Bank Research’s offerings in the FX quant space.

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Can AI help high-labour firms to boost returns?

May 30, 2023

Region:

Analyst:

Adrian Cox, Luke Templeman, Olga Cotaga

Podzept (Podcast series)

Artificial intelligence offers the tantalising prospect of improving the perennial underperformance of companies with many employees.

In this podcast, Luke Templeman, Olga Cotaga and Adrian Cox discuss why high-staff companies tend to have a lower market capitalisation, thinner margins and lower growth rates than lower-staff ones. They analyse evidence that suggests AI could enable high-employee companies to get more value from each staff member. That may generate an outsize benefit in return on equity and potentially catalyse equity market returns in the years to come. [more]

AI in action: where is the smart money going?

May 25, 2023

Region:

Cassidy Ainsworth-Grace, Marion Laboure

Analyst:

Artificial intelligence is an overnight success that has been many years in the making. To properly anticipate what AI innovation is to come next, we went back to the source, looking at patents and venture capital deal activity that will translate into the everyday AI applications of the future. [more]

Video: Why dbResearch is focusing on AI and chatbots

May 25, 2023

Region:

Analyst:

Adrian Cox

Artificial Intelligence has been a sizzling hot topic since ChatGPT was launched at the end of November. For once, the hype may be (almost) justified. At Deutsche Bank Research, we thought it was time to take a step back to give a clear perspective for investors and businesses, and to dig into what the latest flavour of AI, Generative AI, will really mean for our future. [more]

Can AI save high-labour firms?

May 24, 2023

Region:

Luke Templeman, Olga Cotaga

Analyst:

Companies with a large number of employees have a big problem. Quite simply, they fail to extract as much value from each staff member as do low-staff firms. Indeed, labour-intense firms tend to have a lower market cap, thinner margins, and lower growth rates.
AI may be the way forward. In this piece, we argue that AI will make workers more productive, particularly in high-staff firms. The reason is that the profitability of high-staff firms has the highest leverage to the performance of their labour force. AI will help upskill them and streamline repetitive and mundane tasks that are more prevalent in high-staff companies. [more]

Generative AI and ChatGPT 101

May 23, 2023

Region:

Analyst:

Adrian Cox

Next week will mark six months since the launch of ChatGPT, the chatbot based on OpenAI’s GPT-3.5 large language model. There has been an extraordinary flurry of launches, hype and activity since then. Even in the past week, OpenAI, Google and Meta announced fresh products, OpenAI’s CEO testified in Congress, and the G7 called for “guardrails” on AI, among many other developments. [more]

Generative AI represents a turning point for humanity - for better and for worse

May 22, 2023

Region:

Analyst:

David Folkerts-Landau

The AI hype cycle is in overdrive. It feels like the volume of text generated by ChatGPT over the past six months has almost been matched by the volume of hyperbole about how foundation models will change the world. For once the hype is (mostly) justified. Generative AI is not another metaverse or, for that matter, another crypto currency. But it will change the world – for better and for worse. [more]

Video: Traditional Value and Quality investing

May 22, 2023

Region:

Analyst:

Clayton Gillespie

Traditional Value and Quality investing is well understood, but how well does it translate to financial firms? In this video analyst Clayton Gillespie discusses the quant team’s latest research, which uses accounting, valuation and corporate finance insights to generate appropriate alphas for financial firms. Together they generate Value and Quality strategies that exhibit robust through-cycle behaviour and combine well with Value and Quality factors in the rest of the universe. [more]

History suggests AI will ultimately create not destroy jobs

May 22, 2023

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Analyst:

Jim Reid

With the rapid growth in AI, and the likes of ChatGPT taking the world by storm in recent months, we have seen renewed fears that human labour will be increasingly replaced over the years ahead. But this refrain has been heard regularly before over the last several centuries. [more]

Video: This time it's different for Asian currencies

May 15, 2023

Region:

Analyst:

Mallika Sachdeva

Mallika Sachdeva shares some quick takeaways about why she thinks that this time it's different for Asian currencies compared to the Global Financial Crisis of 2008 when Asian currencies came under extreme stress. [more]

Video: Deutsche Bank’s senior US economist Brett Ryan breaks down the CPI report

May 11, 2023

Region:

Analyst:

Brett Ryan