Why your company is struggling to scale up generative AI
22 hours, 43 minutes ago

Why your company is struggling to scale up generative AI

Live Mint  

For investors concerned that America’s tech giants are making recklessly large bets on generative artificial intelligence, big tech’s latest quarterly results have offered some reassurance. Accenture, a consulting giant that recently announced it would train 30,000 staff to help companies adopt generative AI, said in September that it had booked $3bn-worth of work related to the technology over the past 12 months, a ten-fold increase year on year. In its recent survey Deloitte found that the share of senior executives with a “high" or “very high" level of interest in generative AI had fallen to 63%, down from 74% in the first quarter of the year, suggesting that the “new-technology shine" may be wearing off. She reckons companies’ readiness for generative AI is much lower than it was for previous technology waves such as the internet or cloud computing. Elizabeth Crofoot, an economist at Lightcast, says that this increase is mostly explained by generative AI, with job descriptions mentioning ChatGPT, prompt engineering and large language modelling on the rise.

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History of this topic

Companies expected to increase Gen AI investments by half this year
1 week, 1 day ago

Companies expected to increase Gen AI investments by half this year

Live Mint  

Companies worldwide are expected to spend 50% more on adopting generative AI technologies in 2025 compared to last year, according to a report from an American technology research and IT advisory firm. Last year, seven IT services firms, including Accenture Plc., Cognizant Technology Solutions Corp., and Capgemini SE, flagged the rise of AI and GenAI tools as a risk factor …

In 2024, artificial intelligence was all about putting AI tools to work
1 week, 1 day ago

In 2024, artificial intelligence was all about putting AI tools to work

LA Times  

If 2023 was a year of wonder about artificial intelligence, 2024 was the year to try to get that wonder to do something useful without breaking the bank. There was a “shift from putting out models to actually building products,” said Arvind Narayanan, a Princeton University computer science professor and co-author of the new book “AI Snake Oil: What Artificial …

In 2024, artificial intelligence was all about putting AI tools to work
1 week, 2 days ago

In 2024, artificial intelligence was all about putting AI tools to work

Associated Press  

If 2023 was a year of wonder about artificial intelligence, 2024 was the year to try to get that wonder to do something useful without breaking the bank. There was a “shift from putting out models to actually building products,” said Arvind Narayanan, a Princeton University computer science professor and co-author of the new book “AI Snake Oil: What Artificial …

China wrestles with ‘quantity over quality’ in generative AI patents
5 months ago

China wrestles with ‘quantity over quality’ in generative AI patents

Al Jazeera  

China has filed for more patents than any other country, but US export controls are not its only hurdle. In July, the UN’s intellectual property agency reported that China had filed more than 38,000 generative AI patents over the past decade, more than all other countries combined. The latest AI boom started with Google’s development of the groundbreaking “transformer” in …

China Leads GenAI Adoption, Significantly Higher Than US: Survey
5 months, 4 weeks ago

China Leads GenAI Adoption, Significantly Higher Than US: Survey

ABP News  

China is at the forefront of adopting generative AI technology, according to a recent survey by US AI and analytics software company SAS and Coleman Parkes Research. A recent report from the United Nations' World Intellectual Property Organization further illustrates China's leadership in the field, showing that the country filed over 38,000 generative AI patents between 2014 and 2023. China's …

China leads the world in adoption of generative AI, survey shows
5 months, 4 weeks ago

China leads the world in adoption of generative AI, survey shows

The Hindu  

China is leading the world in adopting generative AI, a new survey shows, the latest sign the country is making strides in the technology that gained global attention after U.S.-based OpenAI's ChatGPT launched in late 2022. In a survey of 1,600 decision-makers in industries worldwide by U.S. AI and analytics software company SAS and Coleman Parkes Research, 83% of Chinese …

More firms embracing generative AI tools
7 months ago

More firms embracing generative AI tools

China Daily  

Visitors check out large language models during a high-tech expo in Shenzhen, Guangdong province, on May 23. About 85 percent of Chinese business leaders plan to increase investments in generative artificial intelligence in 2024, as AI and other disruptive technologies evolve to be more human-centric and drive greater capabilities for people to amplify their potential and reinvent commerce, according to …

Insider Q&A: CIA’s chief technologist’s cautious embrace of generative AI
7 months, 2 weeks ago

Insider Q&A: CIA’s chief technologist’s cautious embrace of generative AI

Associated Press  

Knowledge advantage can save lives, win wars and avert disaster. A: When these generative AI systems “hallucinate,” they can sometimes behave like your drunk friend at a bar who can say something that pushes you outside your normal conceptual boundary and sparks out-of-the box thinking. Q: The only current use of a large-language model at enterprise scale I’m aware of …

AI Is Starting to Threaten White-Collar Jobs. Few Industries Are Immune.
10 months, 4 weeks ago

AI Is Starting to Threaten White-Collar Jobs. Few Industries Are Immune.

Live Mint  

Decades after automation began taking and transforming manufacturing jobs, artificial intelligence is coming for the higher-ups in the corporate office. The firm estimates the full tally of AI-related job cuts is likely higher, since many companies haven’t explicitly linked cuts to AI adoption in layoff announcements. View Full Image Graphic: WSJ Nearly two-thirds of those white-collar workers said their productivity …

Use of generative AI by enterprises on the rise: Netskope
11 months, 4 weeks ago

Use of generative AI by enterprises on the rise: Netskope

Deccan Chronicle  

Hyderabad: Reflecting the rise of artificial intelligence at workplaces, a survey report said more than 10% of enterprise employees access at least one generative artificial intelligence application every month, compared to just 2% a year ago. “With growing AI app usage, employees are more likely to expose sensitive data like credentials, personal information, or intellectual property,” said Ray Canzanese, threat …

AI can create more jobs than it potentially eliminates: Tech Mahindra's outgoing CEO
1 year ago

AI can create more jobs than it potentially eliminates: Tech Mahindra's outgoing CEO

The Hindu  

Generative AI technology can create more jobs than it is expected to eliminate, Tech Mahindra's outgoing CEO said, even as its ability to wreck the job market has been discussed widely on social media sites. While some top industry executives have discussed the potential loss of around a third of jobs due to the impact of the technology, Mr. Gurnani, …

Column: This was the year of AI. Next year is when you should worry about your job
1 year ago

Column: This was the year of AI. Next year is when you should worry about your job

LA Times  

The biggest story in tech this year was, without a doubt, the explosive ascent of AI. See, we’re nearing the end of the Year of Generative AI, and few of the companies working in the space have pieced together a promising way to turn the hype into profits. In October, the Wall Street Journal ran a report headlined “Big Tech …

AWS chief Adam Selipsky talks generative AI, Amazon’s investment in Anthropic and cloud cost cutting
1 year ago

AWS chief Adam Selipsky talks generative AI, Amazon’s investment in Anthropic and cloud cost cutting

Associated Press  

Adam Selipsky is shepherding Amazon’s cloud unit at one of the most important moments in tech history. Selipsky, the CEO of the company’s cloud computing unit AWS, has been behind the various generative AI offerings Amazon has rolled out over the past few months as it aims to compete with Microsoft and others in the growing AI arms race. Simultaneously, …

Tech mood not as bad as in 2008; bet on strong growth: HCL Tech CEO
1 year, 2 months ago

Tech mood not as bad as in 2008; bet on strong growth: HCL Tech CEO

Live Mint  

NEW DELHI : On Thursday, HCL Technologies Ltd beat Street estimates to report a better-than-expected September quarter. In an interview, C Vijayakumar, managing director and chief executive of HCL Technologies, said the company has slashed its FY24 guidance despite this result due to a weak overall first half of this fiscal. He added that the overall industry sentiment is not …

Power-hungry: AI bots like ChatGPT will have higher energy demands than many countries by 2027
1 year, 2 months ago

Power-hungry: AI bots like ChatGPT will have higher energy demands than many countries by 2027

Firstpost  

AI is already very resource intensive. However, AI is only going to get more power and resource hungry in the future According to recent research published in the journal Joule, the energy consumption associated with artificial intelligence applications is projected to surpass the annual electricity requirements of entire nations like the Netherlands, Argentina, and Sweden by the year 2027. For …

How to get your data ready for the generative AI revolution
1 year, 3 months ago

How to get your data ready for the generative AI revolution

The Independent  

Fivetran is a Business Reporter client. Flawed data processes will be more apparent in generative AI use than in most other areas, but while humans can separate sense from nonsense, machines can’t – potentially leading to misguided business decision-making. Fivetran’s research shows that senior technical stakeholders don’t trust AI – and, in fact, are losing revenues due to underperforming AI …

Why generative AI is the secret sauce to accelerating data-driven decision making
1 year, 5 months ago

Why generative AI is the secret sauce to accelerating data-driven decision making

The Independent  

Alteryx is a Business Reporter client. According to recent Alteryx commissioned research into the current state of decision-making across global enterprises, sharing data has clear benefits for making intelligent decisions at scale, but some business leaders are still hesitant. According to Forrester, “Companies across all verticals and maturity levels are finding opportunities to implement AI.” From text-mining to PDF data …

AI’s disruptive economic impact, an India check
1 year, 5 months ago

AI’s disruptive economic impact, an India check

The Hindu  

Little did we know that beyond the automated factory machines, self-driving cars, and robocops, Artificial Intelligence would one day crash into our lives, authoring poems, tipping us with pickup lines, and passing the toughest examinations. Only 2% of experts believed that AI would not significantly impact per capita GDP; this included Professor Nicholas Bloom of Stanford, who pointed out historical …

No salary hike for Microsoft employees, tech giant slashes budgets for salaries and bonuses to staff
1 year, 7 months ago

No salary hike for Microsoft employees, tech giant slashes budgets for salaries and bonuses to staff

Firstpost  

Microsoft Corporation has decided not to increase salaries for full-time employees in the current year, according to a report by Insider. As of now, The report quoted Nadella explaining that the decision was influenced by the different economic conditions compared to the previous year when the company made significant investments in compensation due to market conditions and company performance, nearly …

Nation to witness quick AI expansion, experts say
1 year, 8 months ago

Nation to witness quick AI expansion, experts say

China Daily  

Tech heavyweights step up development efforts as concerns voiced over new problems Artificial intelligence technology is expected to witness speedy growth in China and inject fresh momentum into a new round of industrial development, experts said. Pan Helin, co-director of the Digital Economy and Financial Innovation Research Center at Zhejiang University's International Business School, said, "Compared with its foreign counterparts, …

Boost to global tech sector as ChatGPT spurs AI investment bonanza
1 year, 8 months ago

Boost to global tech sector as ChatGPT spurs AI investment bonanza

The Hindu  

Published : Apr 22, 2023 16:55 IST - 5 MINS READ The artificial intelligence gold rush is truly underway. “We will talk about it in the same way as the internet itself—how it changes everything that we do as a human species.” Foster noted how generative AI is being integrated into tools companies already have, like Microsoft Office, so they …

How Australians are using ChatGPT and other generative AI in their everyday lives
1 year, 8 months ago

How Australians are using ChatGPT and other generative AI in their everyday lives

ABC  

In recent months, a great big experiment has been taking place in Australia. "Now ChatGPT does for me in 30 seconds what using an online forum would take me three days." That same month, in Melbourne, Courtney Smith asked ChatGPT to write a Valentine's Day poem for the neighbour's dog, Riky, on behalf of her dog, Cherry. Using ChatGPT to …

The ‘Manhattan Project’ Theory of Generative AI
1 year, 9 months ago

The ‘Manhattan Project’ Theory of Generative AI

Wired  

The pace of change in generative AI right now is insane. Image generation is advancing at a similarly frenetic pace: The latest release of MidJourney has given us the viral deepfake sensations of Donald’s Trump “arrest” and the Pope looking fly in a silver puffer jacket, which make it clear that you will soon have to treat every single image …

Why Generative AI is a house divided
1 year, 9 months ago

Why Generative AI is a house divided

Live Mint  

Generative AI has polarized artificial intelligence experts with some calling for a six-month moratorium on building new systems and others arguing against the idea on the grounds that the benefits of AI far outweigh perceived risks. But the exponential progress in generative AI models that are used to create new content appears to have alarmed many, ever since the launch …

From marketing to design, brands adopt AI tools despite risk
1 year, 10 months ago

From marketing to design, brands adopt AI tools despite risk

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. “I want people to think …

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