Today’s reads for September 7th 2021

Allianz, Germany’s biggest financial company under investigation over investment funds. The investigation of the German insurance company came at already disturbing times for the company as it faces a backlash of investor lawsuits over its Structured Alpha Funds.

The investigations and lawsuits revolving around Allianz Global Investor’s Structured Alpha Funds catered to US pension funds for workers such as teachers and subway employees.

As the coronavirus pandemic brought chaos to the markets, the funds plummeted, in some cases by 80 per cent or more. The losses were so extreme that Allianz had to close two funds in March 2020, worth $2.3 billion at the end of 2019.

This year’s AI Summer School in Ireland will focus on AI for wellness. Recently published Ireland’s “AI here for good — national strategy” outlined the importance of collaborative research and innovation in the sector. The strategy acknowledges that AI has a huge potential to help the healthcare sector to improve patient experience and provide a better diagnosis.

The second consecutive John McCarthy AI Summer School seeks to support the Government’s proposed national strategy by sharing best practices and supporting further AI research and partnerships.