Category: Generative
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Why Is Generative AI No Longer a Luxury but a Necessity for Modern Businesses?
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Artificial intelligence (AI) is commonly mentioned these days, as it is rapidly moving from a cutting-edge luxury to an indispensable necessity. Among the various branches of AI, generative AI has emerged as a game-changer, revolutionizing how companies operate, innovate and compete. However, not every company knows how to implement it…
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China leads generative AI patent filings globally, says UN data
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Wannan Yusengkum/iStock via Getty Images China is leading other countries in AI inventions such as chatbots, filing six times as many patents as its closest competitor, the United States, Reuters reported, citing United Nations data. Generative AI patent applications have seen over 50,000 applications Applications filed over the past decade.…
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Generative AI Set to Disrupt Jobs and Widen Inequality, IMF Warns
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The International Monetary Fund (IMF) has issued a stark warning about the profound labor market disruptions and inequality that AI could cause, urging governments to step up economic protectionism to protect their economies. In a recent report, the International Monetary Fund highlighted that advances in artificial intelligence technology could lead…
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Banking and Financial Markets CEOs are betting on generative AI to stay competitive, yet workforce and culture challenges persist By Investing.com
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Two-thirds (66%) of banking and financial markets CEOs surveyed said that the potential productivity gains from AI and automation are so great that they must accept risks to remain competitive. 65% of financial leaders say success with AI will depend more on people adopting it than on the technology itself,…
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Hitachi and Google Cloud Announce Strategic Partnership to Accelerate Innovation and Productivity with Generative AI
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Article content Hitachi will use Gemini and Vertex AI models to help organizations improve business performance Santa Clara, California, Sunnyvale, California, and Tokyo – Hitachi, Ltd. announced… (TSE:6501) and Google Cloud today announced a multi-year partnership to accelerate enterprise innovation and productivity through generative AI. Hitachi will form a new…