Many big companies are currently embracing generative AI tools, but what impact will this have on the economy? McKinsey & Company, a global consulting leader, has attempted to quantify the trend in a new report titled “The Economic Potential of Generative AI”. The report finds that GenAI could add $2.6 trillion to $4.4 trillion annually
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Renewable Energy Technologies (RETs) are seen as disruptive innovations as they challenge the existing market structures that prioritize state-owned, fossil fuel-based energy companies. According to Oskar Juszczyk’s doctoral dissertation from the University of Vaasa, a supportive regulatory regime and inter-sectoral collaboration are crucial for the successful diffusion of RETs. Juszczyk’s dissertation in the field of
Google’s return-to-office plans have been a source of concern across the company since the pandemic. The company has updated its hybrid three-day-a-week office policy and included badge tracking, which has caused frustration among employees. There is growing concern among staffers that management is overreaching in its oversight of physical attendance. Employees are being treated like
Accenture, a technology services provider, has announced that it will be investing $3 billion over the next three years to enhance its artificial intelligence (AI) business. The company also aims to double its AI-related staff to keep up with the high demand for AI. Accenture to Hire 80,000 AI-Related Staff The Dublin-based firm is planning
Ubisoft Massive, the developer behind the popular Tom Clancy’s The Division franchise, has released a gameplay trailer for their new open-world action game, Star Wars Outlaws. Set in the Star Wars universe, the game offers an original story that takes place between Star Wars: The Empire Strikes Back and Star Wars: Return of the Jedi.
ServiceNow recently announced the launch of its latest generative AI solution, Now Assist for Virtual Agent. It aims to revolutionize self-service by providing intelligent and relevant conversational experiences. ServiceNow’s Now Platform enables customers to streamline digital workflows and optimize productivity by integrating generative AI capabilities. Features of Now Assist for Virtual Agent Now Assist for
UN Secretary-General Antonio Guterres has supported a proposal by some artificial intelligence (AI) executives to establish an international AI watchdog body similar to the International Atomic Energy Agency (IAEA). The use of generative AI technology, capable of creating authoritative prose from text prompts, has garnered public attention since the launch of ChatGPT six months ago,
Toyota, one of the leading automakers in the world, has announced its plan to make an all solid-state battery as part of its ambitious plans for battery electric vehicles. The automaker aims for a commercial solid-state battery by 2027, which will reduce charging time to 10 minutes or less. This move comes amid mounting criticism,
Oracle Corporation, a software giant famous for its database technology, has announced its partnership with Cohere, a Toronto-based start-up that specializes in building and training large language models (LLMs). The two companies are developing a cloud service that would enable enterprises to train their custom LLMs using their private data while protecting their privacy and
Amazon is using artificial intelligence (AI) to help customers make informed decisions when shopping on their platform. The e-commerce giant has started testing a new feature in its shopping app that generates AI-generated summaries of customer reviews on selected products. The summaries provide a concise overview of the product, including what customers liked and disliked