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Gaps are emerging in the willingness of countries to accept the generative AI juggernauts such as ChatGPT, with concerns that privacy, security, intellectual property and personal rights are being put at risk by the open-source software.

Baker Tilly’s annual Caribbean Hospitality Financing Survey showed that while confidence levels dipped by around 10 per cent for both banks and non-bank financiers in 2023, as compared to last year, they remain historically high.

Global M&A activity is poised to bounce back after 12 months of dealmaking doldrums, with experts from Baker Tilly expecting the mid-market to drive the recovery.