In a high-stakes battle for supremacy, Nvidia’s Chief Executive Officer, Jensen Huang, has predicted that reducing the costs of AI chips using faster chips could shake up the industry.
Huang, who presides over the self-proclaimed “world’s most advanced AI platform,” told the World Government Summit in Dubai of his cunning plan to harness technology’s relentless march and slash the cost of AI development.
Huang warned that companies could not just throw money at AI and expect miracles.
Generative AI is going to be a growing channel opportunity according to a survey of chief technology officers.
The Dynatrace survey found that customers see AI as positive and expect it to help them improve efficiencies, but there are concerns over technology management.
This means channel partners comfortable with AI can support customers who want the technology.
Dynatrace vice-president of worldwide partner sales Michael Allen said the channel has already seen that the hype cycle triggered by the release of ChatGPT late last year has generated significant interest in AI over the past 12 months.
Digital secretary Michelle Donelan says UK government will not legislate on artificial intelligence (AI) but wants to develop a “pro-innovation” framework.
Donelan appeared before the Science, Innovation and Technology Committee to answer MPs’ questions about the UK’s current approach to fostering and regulating the development of AI.
The committee published an interim report on the UK’s developing AI governance arrangements at the end of August, which warned there is a danger the UK will be “left behind” by legislation being developed elsewhere, specifically the European Union’s (EU) AI Act.
The report identified 12 challenge areas for AI legislation related to various competition, accountability and social issues associated with AI’s operation, including bias, privacy, misrepresentation, data access, computing power, and open source.
Beancounters at Gartner have added up some numbers and divided by their collective shoe size and worked out that IT spending in Europe is projected to total $1.1 trillion in 2024, an increase of 9.3 per cent.
But the report said that, despite all the hype, AI is not something that companies are making a priority — yet.
Within the five key areas of managed services – datacentre, application, customer product, network, workspace, service desk, Europe is expected to bring in $69.5 billion in 2024, growing 6.9 per cent.
The UK government wants to use AI in the public sector to increase productivity.
Chief Secretary to the Treasury, John Glen, hosted a meeting with AI experts focused on the safe and secure use of AI to enhance public services and find ways to balance public spending with the need to manage taxes more efficiently.
During the meeting, Glen said that AI, could be a vital driver of productivity growth within the public sector.
Glen said the benefits of AI implementation were evident in various sectors, with cutting-edge AI tools already making a difference in England’s stroke units. These AI tools assist clinicians in treating stroke patients more efficiently, cutting treatment time in half and significantly increasing patients’ chances of independent living post-stroke.
Glen’s roundtable discussions included input from both academia and industry, offering valuable insights into how AI can be harnessed effectively. It was evident that companies were already using AI to benefit their employees and customers. AI has been instrumental in enhancing customer experiences and has shown remarkable results in terms of productivity.
Software King of the World, Microsoft has unveiled more generative AI products for frontline workers.
Vole teamed up with Aptos Labs to build new blockchain AI tools and has now introduced a new Copilot offering which uses generative AI to enhance the efficiency and effectiveness of frontline professionals.
Windows Copilot AI-powered assistant is empowering service managers who receive customer escalations in Outlook or Microsoft Teams to use Copilot in Dynamics 365.
According to Microsoft, this AI-driven tool automates repetitive tasks to create work orders. Notably, there are other integrations within Microsoft 365 that further improve these capabilities. Frontline technicians will be able to access important work order information via Teams.
Intel CEO Pat [kicking] Gelsinger said that AI will become part of every business and an inflection point for the PC market, and Chipzilla will have a product everywhere.
“We see AI as a workload, not as a market, which will affect every aspect of the business—whether it’s client, whether it’s edge, whether it’s standard data centre, on-premises enterprise or cloud,” Gelsinger said .
“We’re going to build AI into every product that we build—whether it’s a client, whether it’s an edge platform for retail and manufacturing and industrial use cases. Whether it’s an enterprise data centre. … We firmly believe in this idea of democratising AI, opening the software stack and creating and participating with this broad industry ecosystem that’s emerging. It’s a great opportunity and one that Intel is well-positioned to participate in.”
Intel has announced the culmination of a years-long collaboration with Accenture to bring 34 AI reference kits to the community.
The kits are said to aid developers and data scientists in deploying AI faster and more easily, accelerating AI development across a wide range of industries, including consumer products, energy and utilities, financial services, and health.
Public cloud service spending will grow 21.7 per cent to $597.3 billion in 2023, according to beancounters and number crunchers at analyst outfit Gartner.
Cloud computing going to drive the next phase of digital business, as organisations pursue disruption through emerging technologies like generative artificial intelligence (AI), Web3 and the metaverse, Big G said.
Gartner VP Sid Nag said hyperscale cloud providers were driving the cloud agenda as organisations today view it as a strategic platform for digital transformation. This requires cloud providers to offer more sophisticated capabilities as the competition for digital services improves.
Generative AI could help the insurance industry improve its processes and better protect its customers, according to Zelros.
While Generative AI like ChatGPT is hitting the headlines for helping kids write essays, it could find a more productive home in insurance according to Zelros Chief Growth Officer Linh C. Ho.
“Generative AI like what we’re seeing with ChatGPT can be a critical tool in our arsenal to reimagine the insurance experience for customers, transforming it from a transactional, reactive model to a proactive, and more personalised,” he said.
Linh adds: “This technology can unlock new possibilities and opportunities for growth that we haven’t even begun to explore. The industry as a whole needs to continue to invest in AI and build a culture that embraces innovation, so that we can continue to provide truly transformative solutions for our customers.”
Founded in 2016 by Christophe Bourguignat and Damien Philippon, Zelros is using Artificial Intelligence and Machine Learning technology to help insurers provide policyholders with the right coverage for their needs in real-time with hyper-personalized policy recommendations.
A new survey of 1,420 global IT leaders by Rackspace has found two-thirds of them rank artificial intelligence and machine learning (AI/ML) as a high priority for their organisations, an increase of 15 percentage points as compared to 2021.
The study polled IT professionals across industries, including financial services, manufacturing, retail, hospitality, government, and healthcare to understand the dynamics of AI/ML uptake amid growing economic uncertainty.
Underscoring the spread of AI/ML across businesses of all sectors, almost a third of respondents say they only started to launch AI/ML projects within the past year.
Artificial Solutions has gained developers access to ChatGPT through Azure Cognitive Services so that it can create cutting-edge AI solutions to large enterprises.
For those who came in late, ChatGPT is a pre-trained, large-scale neural language model developed by OpenAI that can understand and generate human-like text with exceptional fluency, coherence, and relevance.
By integrating ChatGPT into the Teneo platform, Artificial Solutions can offer customers a wide range of powerful applications.
The outfit hopes that with access to ChatGPT, Teneo will improve the quality and efficiency of AI solutions, reduce time to market, and provide a more robust and scalable experience for users.
Artificial Solutions CEO Per Ottosson said: “We are thrilled to use this powerful technology to help enterprises provide their customers with more engaging and effective conversations.”
Artificial Solutions is at the forefront of developing cutting-edge AI solutions and has been granted developer access to ChatGPT, highlighting Artificial Solutions position as a leader in the industry.
A survey of 430 UK companies has revealed business leaders’ perceptions of artificial intelligence (AI) and how COVID-19 has changed their attitude towards the technology.
Fountech.ai’s research also found that 45 percent of businesses are looking to implement one or more technologies that use AI in the next 12 months. The AI think tank found:
One in five workers in a non-routine job will rely on artificial intelligence (AI) for at least part of their role, according to forecasts. The growing volume and complexity of business data have forced many firms across a variety of industries to adopt AI to boost growth.According to data gathered by LearnBonds, this trend is set to continue over the coming years, with global artificial intelligence software market value jumping from $22.6 billion in 2020 to a remarkable $126 billion by 2025.
Artificial intelligence has already begun to revolutionise industries across the world, helping businesses to improve their efficiency, quality, and speed. By using automation, deep learning, and natural language processing, AI helps streamline business operations, decision making, and help predict trends.
Over the years, many of the biggest names in the tech industry have invested heavily in AI acquisitions and AI-related research and development. Companies such as IBM, Microsoft, Google, and Samsung have each submitted thousands of AI patent applications, while AI-related startups will rake in billions of dollars in investment each year.
Outsourcing outfit Wipro’s dedication to the digital segment and AI/ML portfolio is paying off and its growth is matching those sectors, according to GlobalData.
In light of the rising adoption of artificial intelligence (AI) and machine learning (ML) portfolio, a steady fourth quarter 2019 performance, supported by the double-digit quarterly growth (year-on-year) in the consumer and digital segment revenue and the October 2019 acquisition of International TechneGroup Inc., Wipro’s sentiments are on the rise, says GlobalData, a leading data and analytics company.
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