for more of this energy hungry infrastructure. also on the show, we re going to get the view from the us tech giant ibm. yeah, they ve seen their demand for al skyrocket. so what are they doing to cut down on their carbon emissions? wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. artificial intelligence. yep, ai. it is everywhere nowadays. and the big tech companies like google, meta, microsoft, and now apple, they re muscling in to be at the head of the ai race, unveiling ever more sophisticated chat bots and other machine learning tools. but one aspect of the ai race that s perhaps not talked about as much is the impact on the environment. these language models, like chatgpt, are some of the most energy guzzling technologies. they need vast data centres to store the amount of data required to train the chat bots. so let me just show you some of the numbers. emissions from global cloud computing account for around 2.1%
Outperformed by one and a half percent so its not uncommon for people to systematically out perform the h f r i wanted to mention the bad hedge funds, of course, were aware of the newsworthy items that madoff and longer than capital the 10 fraudulent hedge funds almost one hundred mroifldz the 10 largest Fraudulent Companies in the United States add up to one . 5 trillion so more than 15 percent times the size and the Hedge Fund Universe is 3 trillion and the u. S. Market is about 23 or 34 billion so the u. S. Equity market is 8 times the size of the hedge funds market but it has had 15 times in terms of largescale frauds so you know we point to bad apples can be found anywhere it is important to bury through the transparency in research and the partnership whats the incentives of the manager you know so anyways i wanted to to point out in scale it universe is not different than ours. One finally question again i want to make sure we answer any questions out in the audience people have
Conversation subject matters we walked through my objectives to learn about the evolution of the program why in their thought 38 they didnt achieve in their droifkdz and why their divesting from the programs and could others succeed in the program he pointed out specifically so a confidence he had with blue that berg resort that the resort asked me the same question and on that or smaller than you can they psyche my answer was yes we talked about some of the lessons from their experience i asked him for suggestions and he give me some suggestions im appreciative. It would be wonderful i dont know if you can do this but sometime if we could appear in front of this board or have one of his people. I had a couple of ideas and i cant how he can help us i dont want to put him on the spot but he is glad to help, however, he came in ways that their you know the ceo. Uhhuh. But he was very yes, maam authentic i thought that you folks a number of times but were going to talk again in the next c
The thing is my pension is guaranteed by the city not by the funding ratio the supplemental cola will do that but the city backs the promises in the charter i believe thats true of every City Employee a member of the system were trying to do something to knock out the drawdowns that occurred in 2008, and 2002 when we dropped blood two periods the discussion about the model of selection of managers it is one important document we must do we control that we must obsolete on and develop thats the guidelines we do that in the private equity if we dont state our guidelines thats where we will address the leverage and the social issues so in the development of guidelines its the first step before we decide who were going to hire and the infrastructure how and when will that be done. Commissioner the sequence of events to asking conduct an rfp, second is conduct a search and then third to retain somebody after those things are done then i envision crafting investment guidelines after we have
The bad hedge funds, of course, were aware of the newsworthy items that madoff and longer than capital the 10 fraudulent hedge funds almost one hundred mroifldz the 10 largest Fraudulent Companies in the United States add up to one . 5 trillion so more than 15 percent times the size and the Hedge Fund Universe is 3 trillion and the u. S. Market is about 23 or 34 billion so the u. S. Equity market is 8 times the size of the hedge funds market but it has had 15 times in terms of largescale frauds so you know we point to bad apples can be found anywhere it is important to bury through the transparency in research and the partnership whats the incentives of the manager you know so anyways i wanted to to point out in scale it universe is not different than ours. One finally question again i want to make sure we answer any questions out in the audience people have asked they said your area you were in was reduced to explosive fees and under performs i think claire you made that comment so it