Google’s AI wipes US$100b off shares

Mistake during launch underwhelms investors A variety of media sources are reporting that Google’s recent launch of its ChatGPT rival, Bard has underwhelmed investors with a glaring mistake. According to experts, promotional material for Bard contained an error in the response by the chatbot to: “What new discoveries from the…

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How customer data is used in AI

An organization’s approach to privacy impacts more than compliance Cisco published its 2023 Data Privacy Benchmark Study. The sixth annual global survey investigates professionals’ perspectives on data privacy strategies. This year’s study finds that despite a difficult economic environment, organizations continue to invest in privacy, with spending up significantly from $US1.2 million just three years…

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Top 7 trends for the security industry

We have seen more diversified AI products and applications The physical security industry has been changing quickly in recent years. Developments and applications of cutting-edge technologies in this ever-evolving industry such as AI, machine perception, and IoT, are breaking boundaries all the time. We have seen security systems become deeply…

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Service robotics industry to reach $US216bn

Advances in AI will also improve robotic intelligence The service robotics industry is set to register a compound annual growth rate (CAGR) of 21.5 per cent to reach $US216 billion in 2030, driven by investments across consumer facing industries, including travel and tourism. The overall robotics industry is set to…

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5 top cases for AI in corporate finance

The applicability may vary across organizations and industries “Organizations ignoring these use cases should have a good reason for doing so because they offer the best combination of feasibility and business benefit,” said Mark D. McDonald, senior director, research in the Gartner Finance practice. “Looking to apply AI to other use cases…

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7 technology disruptions that will impact sales

Technology is taking on an even more central role in the sales process. Sales leaders need to recognize, prioritize, and respond to seven technology disruptions that will transform sales over the next five years, according to Gartner, Inc. They include generative artificial intelligence (AI), digital twin of the customer, augmented…

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AI spending will rise over $US46 Billion by 2026

AI Solutions have become an essential part of process improvement Asia/Pacific spending on AI systems (including hardware, software, and services) will rise from $US20.6 billion in 2022 to around $US46.6 billion in 2026, according to IDC’s latest Worldwide Artificial Intelligence Spending Guide. Artificial intelligence (AI) solutions have become an essential part…

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Artificial intelligence spending grew 20.7 per cent worldwide in 2021

AI software captures the largest share of AI spending Worldwide revenues for the artificial intelligence (AI) market, including software, hardware, and services for both AI centric and AI non-centric applications*, totalled $US383.3 billion in 2021, an increase of 20.7 per cent over the prior year, according to the most recent…

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Top investment priorities by healthcare providers

Technologies that enable data storage and data-based decisions will attract investment Artificial Intelligence (AI) and Cloud are the top technologies that healthcare providers in Asia/Pacific (including Japan) will be investing on in the next three years. The survey report focuses on healthcare providers, such as hospitals, clinics, and primary healthcare…

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