Global Scans · AI · Weekly Summary

• Advancements in machine learning and artificial intelligence are expected to further enhance the field of data analytics and BI in 2024. Dataversity - California
• £19 million will go toward 21 projects to develop innovative trusted and responsible AI and machine learning solutions aimed at accelerating deployment of AI technologies and driving productivity. TechCrunch
• £90 million will go towards launching nine new research hubs across the UK and a partnership with the US on responsible AI AI. TechFinancials
• The UK government needs to rebalance its position on artificial intelligence (AI) to consider the opportunities it offers. Silicon UK
• Taiwan's Foxconn, Apple's biggest iPhone assembler and the world's largest contract electronics maker, expects its business in 2024 to be slightly better than last year but is facing a shortage of chips for AI servers. investing.com
• The adoption of AI in smartphones and personal computers (PCs) will create the need for more memory chips. Yahoo Finance
• IBM researchers have uncovered a new method for hijacking voice calls using generative AI, a development that could have significant implications for financial institutions and others who manage sensitive data. it World Canada
• College graduates are worried about their work readiness and potential to secure jobs due to the rapid emergence of generative AI, while employers acknowledge how the hiring landscape is being changed quickly by the new technology. eLearningInside News
• Artificial intelligence has the potential to fundamentally transform higher education for the better, including how we teach, what we learn, and the skills needed to be successful in a world shaped by AI. eLearningInside News
• Governments across the globe must propose a legal framework on AI, that addresses the risks of AI and plays a collaborative role globally. Express Computer
• With generative AI in the wild for just over a year, Gartner predicts AI's substantial role in enterprise IT in 2024 as organizations look for new business opportunities and cost efficiencies. iTWire
• Gartner states, By 2028, the adoption of AI will culminate in over 50% of cloud compute resources devoted to AI workloads, up from less than 10% in 2023. Datanami
• The UK's approach to artificial intelligence has become too narrowly focused on AI safety and the threats the technology could pose, rather than its benefits. The Guardian
• IBM Threat Intelligence created its proof of concept using a man-in-the-middle approach that made it possible to monitor a live conversation. VentureBeat
• Imagine a world where AI algorithms help discover life-saving drugs faster, analyze medical scans with eagle-eyed precision to detect diseases earlier, and even assist surgeons in performing minimally invasive procedures with incredible accuracy. Medium
• Newly launched Rufus represents a significant customer experience improvement for discovery and that, including its AWS cloud services, generative AI will ultimately drive tens of billions of dollars of revenue for Amazon over the next several years. Retail Dive
• Governor Andrew Bailey confirms House of Lords' view that the AI technology should be seen as a positive, rather than a risk to business. FinExtra
• A House of Lords committee has said the UK Government's approach to AI has become too narrowly focused on safety and is neglecting the opportunities the technology offers. UKAuthority
• Artificial Intelligence will not be a mass destroyer of jobs and human workers will learn to work with new technologies. BBC News
• Mastercard is turbocharging its fraud detection technology with generative AI that can scan a trillion data points to predict whether a transaction is likely to be genuine or not. FinExtra
• Hootsuite Social Trends 2024 Survey revealed a 260% increase in how much organizations plan to use AI for editing images - 2024 is the year to partner with AI and learn how to use it to benefit social content and strategy. SUNDAY
• Microsoft's strategic investment in OpenAI is significant, aiming to make AI more accessible and beneficial, which is expected to bring about substantial advancements in OpenAI's approach to AI technology. Vizologi
• Artificial Intelligence and Machine Learning have already made their mark in digital marketing, but their role is expected to grow even more in 2024. Reach Above Media

Last updated: 07 February 2024