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AI to boost corporate profits by billions, Bank of America predicts
AI's potential impact on corporate profits: A recent Bank of America survey suggests that generative artificial intelligence (Gen AI) could significantly boost corporate profits, despite widespread skepticism about its enterprise adoption. Key findings from the survey: Enterprise AI implementations are transitioning from pilots to production Gen AI could increase S&P operating margins by 200 basis points over the next five years This increase translates to approximately $55 billion in annual cost savings Industry-specific impacts: Software sector expected to see the greatest product margin expansion (5.2%) Semiconductors and energy sectors also poised for significant benefits Healthcare equipment and services, along with...
read Oct 1, 2024HP’s AI-powered printing will intelligently reformat web pages for optimal output
AI-Powered Printing Revolution: HP introduces Print AI, a groundbreaking solution aimed at addressing longstanding frustrations associated with home and office printing. HP's Perfect Output feature, currently in beta, promises to bridge the gap between on-screen documents and their printed counterparts, potentially resolving a major pain point for users. The technology is designed to intelligently reformat web pages, removing ads and unnecessary content while creating aesthetically pleasing printouts. Spreadsheet printing, traditionally challenging due to landscape formatting, is also tackled by Perfect Output, which adapts layouts for optimal printing results. Key Features and Functionality: Perfect Output employs artificial intelligence to transform the...
read Oct 1, 2024Hubspot CTO explains how networks of collaborative AI agents will transform work
The dawn of collaborative AI networks: Hubspot's CTO, Dharmesh Shah, envisions a future where networks of AI agents work together to tackle complex tasks, potentially revolutionizing how businesses operate and interact with technology. Shah believes that AI agents represent the next evolution beyond today's AI copilots, capable of handling higher-order goals involving multiple steps. The concept of collaborative AI networks could transform various aspects of business, including customer relationship management (CRM), sales, and marketing. Hubspot is positioning itself at the forefront of this trend with the launch of agent.ai, a professional network for AI agents that has already attracted over...
read Oct 1, 2024Udio’s AI lyric generator defeats writer’s block in seconds
AI-powered lyric generation revolutionizes songwriting: Udio's new Lyric Editor feature introduces an integrated AI-powered lyric generator, offering songwriters enhanced control and creative flexibility in their music-making process. The Lyric Editor tool allows users to create and refine lyrics before generating the audio track, a significant improvement over the previous default lyric writer that generated words simultaneously with the music. This new feature is available in both free and premium versions of the Udio app, demonstrating the developer's commitment to user experience across all tiers. Key features and functionality: The Lyric Editor replaces the previous Custom lyrics box with a more...
read Oct 1, 2024How AI continues to reshape cybersecurity with a powerful new arsenal
AI's transformative impact on cybersecurity tools: Artificial intelligence is revolutionizing the landscape of cybersecurity by enhancing the capabilities and effectiveness of various security tools and processes. The rapid evolution of technology has created an urgent need for more robust cybersecurity measures to protect against increasingly sophisticated vulnerabilities and attacks. AI is reshaping four key areas of cybersecurity: source code analysis tools (SAST), automated application scanning tools (DAST), red teaming tools, and reverse engineering tools. Enhancing source code analysis with AI: Static Application Security Testing (SAST) tools are experiencing significant improvements through the integration of artificial intelligence technologies. Current SAST tools...
read Oct 1, 2024Microsoft AI chief wants to bring empathy to Windows and Office
Microsoft's AI Ambitions: Microsoft is embarking on a significant overhaul of its AI assistant Copilot, led by AI CEO Mustafa Suleyman, with the goal of creating a more advanced and emotionally supportive digital companion. The revamped Copilot will feature a humanlike voice, screen visibility capabilities, and enhanced reasoning skills, positioning it as a more interactive and intelligent AI assistant. This initiative is part of Microsoft's broader strategy to reinvigorate user engagement with personal computers through advanced AI integration in Windows and Office applications. Key Enhancements to Copilot: The upgraded AI assistant introduces several cutting-edge features designed to provide a more...
read Oct 1, 2024Morgan Stanley survey answers where enterprises AI budgets come from
AI budgeting trends among CIOs: A recent Morgan Stanley survey of Chief Information Officers (CIOs) provides insights into the sources of artificial intelligence (AI) funding, shedding light on how companies are allocating resources for AI initiatives. 41% of CIOs reported that AI investments would come from net new spending, indicating a willingness to allocate additional funds specifically for AI projects. 35% of respondents stated that AI budgets would be sourced from existing software spend, suggesting a reallocation of resources within current IT budgets. Only 6% of CIOs indicated that AI funding would come from professional services budgets, a surprisingly low...
read Oct 1, 2024All the latest AI features included in Microsoft’s Copilot and Windows updates
Microsoft's AI-driven evolution: Microsoft has unveiled a suite of AI-powered updates and features for its Copilot assistant and Windows 11 operating system, signaling a significant shift towards more personalized and intelligent computing experiences. The company showcased these innovations at a New York City event, highlighting its commitment to integrating AI across its product ecosystem. These updates come in the wake of recent executive reorganizations, including the appointment of Pavan Davuluri to lead Windows and Surface development, and Mustafa Suleyman as the new CEO of AI. Copilot's transformative redesign: Microsoft's Copilot assistant has undergone a major overhaul, introducing a more intuitive...
read Oct 1, 2024Meta, Outshift, Intuit and Asana are betting that the future of AI is agentic
The dawn of agentic AI: The concept of agentic artificial intelligence, which involves autonomous systems capable of making near-human decisions, is gaining traction in the tech industry and was a central focus at a recent VentureBeat AI Impact Tour event. Industry leaders from companies such as Outshift, Meta, Asana, and Intuit gathered to discuss the future of AI and its potential to revolutionize various sectors through autonomous decision-making capabilities. The concept of agentic AI represents a significant shift from traditional AI systems, promising more advanced and independent problem-solving abilities. Key components of agentic systems: Vijoy Pandey from Outshift emphasized the...
read Oct 1, 2024EU taps AI experts to create compliance framework for AI policy
EU takes decisive step in AI regulation: The European Commission has appointed a group of AI specialists to outline compliance guidelines for businesses in anticipation of upcoming AI regulations, marking a significant move in the global governance of artificial intelligence. Key players and structure: The European Commission has assembled a diverse group of AI experts to develop a comprehensive framework for AI governance and regulation. The group includes prominent figures in the field of AI, such as Yoshua Bengio, Nitarshan Rajkumar, and Marietje Schaake, bringing together a wealth of expertise and perspectives. Four specialized working groups have been established, each...
read Oct 1, 2024Meta won’t say whether it uses Ray-Ban photos to train AI models
Meta's Vague Stance on AI Training with Ray-Ban Smart Glasses Data: Meta, the parent company of Facebook, has refused to provide a clear answer on whether it plans to use photos and videos captured by Ray-Ban Meta smart glasses to train its artificial intelligence models. When questioned by TechCrunch, Meta representatives responded with evasive statements, saying they're "not publicly discussing" the topic and that it's "not something we typically share externally." Meta spokesperson Mimi Huggins further added, "we're not saying either way," when pressed for clarification. This lack of transparency raises concerns about user privacy and data usage, especially given...
read Oct 1, 2024Google AI will summarize and translate right on your Chromebook now
AI-powered enhancements for Chromebooks: Google is rolling out a suite of new artificial intelligence features for Chromebook devices, aiming to enhance productivity and user experience across its laptop ecosystem. Chromebook Plus devices will receive exclusive AI capabilities, including "Help Me Read" for text summarization, live translation for voice and video calls, an AI-enhanced recorder app, and video call improvements for audio and video quality. All Chromebooks will benefit from new features like Recap for session continuity, Focus mode with Google Tasks integration, improved Drive integration, and a Gemini AI assistant on the home screen. These AI enhancements are designed to...
read Oct 1, 2024Chinese AI giants are turning to the west to scale their businesses
The rise of Chinese AI on the global stage: Chinese AI companies are rapidly expanding internationally, marking a new era of technological influence and global competitiveness for China. As of 2024, out of 1,500 active AI companies worldwide, 751 are based in China, with 103 already expanding internationally. This expansion is driven by both China's growing strength in tech innovation and the need to find new markets as domestic competition intensifies. Key players and strategies: Major Chinese tech giants and startups are adopting diverse approaches to international expansion, focusing on different regions and market segments. Tech giants like Huawei, Tencent,...
read Oct 1, 2024Silicon Valley’s ambitious plan to save humanity with nuclear power
The AI-nuclear nexus: A controversial path to powering the future: Silicon Valley's tech giants are turning to nuclear energy as a solution to meet the escalating power demands of artificial intelligence, raising both hopes and concerns about the future of technology and energy. • Microsoft has secured a deal to reopen a reactor at Three Mile Island, the site of a notorious 1979 nuclear incident, to power its AI operations. • Amazon is developing a data center campus adjacent to a Talen Energy nuclear power plant in Northeast Pennsylvania. • OpenAI CEO Sam Altman is heavily invested in nuclear energy,...
read Oct 1, 2024Dell’s XPS 13 laptop has on-device AI to enable advanced features without wifi
Introducing the Dell XPS 13 9345: Dell's latest addition to its premium XPS lineup, the XPS 13 9345, marks a significant leap in laptop technology by incorporating advanced AI capabilities and powerful performance in a sleek, portable design. Copilot+ integration revolutionizes user experience: The Dell XPS 13 9345 is the first XPS laptop to feature Copilot+, a suite of AI-powered features that run locally on the device, enhancing functionality and user interaction. The classic Paint application receives a major upgrade with Cocreator, allowing users to generate AI-created art based on doodles or text descriptions. Advanced Windows Studio Effects, such as...
read Oct 1, 2024Microsoft is infusing Windows search with AI for its next upgrade
AI-powered search revolutionizes Windows user experience: Microsoft is set to introduce significant improvements to Windows search functionality on its new Copilot Plus PCs, leveraging AI models to enhance user interaction with various types of content. Key features and improvements: The new search capabilities will allow users to find images using natural language descriptions, even if the search terms don't match file names or metadata. Windows will better understand user intent, making it easier to locate documents, images, files, and emails without the need to remember specific file names or locations. The improved search will be available in File Explorer, the...
read Oct 1, 2024Android users can now access Google Gemini AI — how to get started
Gemini Live rolls out for Android: Google has announced the free availability of Gemini Live, its advanced AI assistant, for all Android users through the Gemini app. Initially launched with the Google Pixel 9 series, Gemini Live offers a faster, more intuitive, and immersive experience compared to the standard Gemini assistant. The rollout, announced on X (formerly Twitter), makes Gemini Live accessible to a broader audience beyond Gemini Advance subscribers. Currently, only the US English version is available for download, though users can select different accents, including British "Capella." How to access Gemini Live: Android users can now easily set...
read Oct 1, 2024Inside Microsoft’s optimistic memo about the future of AI companions
AI companionship on the horizon: Microsoft is launching a redesigned version of Copilot, aiming to transform it into a personalized AI assistant and companion that adapts to individual users' needs and preferences. Microsoft's new AI CEO, Mustafa Suleyman, has released a memo outlining his vision for the future of AI companions and their potential impact on human-technology interactions. The redesigned Copilot incorporates new Vision and Voice features, enhancing its ability to understand and respond to visual and auditory inputs from users. Suleyman emphasizes that Copilot will evolve over time, developing capabilities tailored to each user's preferences and requirements. A paradigm...
read Oct 1, 2024Inside the journey to autonomous AI agents and the VCs funding them
The evolving landscape of AI agents: Venture capitalists are keenly focused on the future of AI agents, with Menlo Ventures outlining a framework for understanding their potential capabilities and development trajectory. Menlo Ventures has identified four key capabilities that fully autonomous AI agents should possess: reasoning, external memory, execution, and planning. Current AI agents do not yet embody all of these capabilities, indicating significant room for growth and development in the field. Levels of AI agent autonomy: The venture capital firm has proposed a three-tiered classification system for AI agents, reflecting increasing levels of autonomy and sophistication. At the most...
read Oct 1, 2024The quant’s dilemma: Balancing subjectivity with predictive AI
Predictive AI's value assessment challenge: The business value of predictive AI, despite its long-standing use in enterprise operations, lacks a standardized process for evaluation and deployment. The ideal model-valuation process should utilize a savings curve that plots action against value, demonstrating the relationship between the number of items screened and the resulting financial savings. Unfortunately, many predictive AI projects fail to assess potential value in terms of straightforward business metrics like profit and savings, contributing to a high project failure rate. Shifting from model evaluation to valuation: Traditional predictive model evaluation using technical metrics like precision and recall is insufficient,...
read Oct 1, 2024iPhone 16 struggles to gain early traction, analysts still optimistic
iPhone 16 launch faces tepid reception: Apple's latest flagship smartphone, the iPhone 16, has encountered a lukewarm response in its initial pre-sale period, falling short of expectations despite the promise of new AI features. Ming-Chi Kuo, a prominent analyst, estimates that Apple sold 37 million iPhone 16 units during the first weekend of pre-sales, marking a 12% decrease compared to the previous year's launch. Demand for the higher-end iPhone 16 Pro models has seen a particularly sharp decline, with Pro sales down 27% and Pro Max sales down 16% year-over-year. In contrast, the standard iPhone 16 and iPhone 16 Plus...
read Oct 1, 2024The parallels between human dreaming and learning in AI models
Uncovering parallels between human dreams and AI learning: Recent research has revealed intriguing similarities between how the human brain processes information during sleep and how Large Language Models (LLMs) like GPT learn and improve their performance. Both human dreaming and LLM learning involve processes of memory consolidation and performance optimization through internal data generation and processing. During sleep, the human brain replays and integrates experiences, strengthening neural connections and improving task performance upon waking. Similarly, LLMs can generate synthetic data based on learned patterns to enhance their capabilities without relying solely on external training data. The science of sleep and...
read Oct 1, 2024How much thinking should we really offload to AI?
The rise of AI and human cognition: As generative AI becomes increasingly sophisticated and widely used, a pressing question emerges about whether people might outsource their thinking to these artificial systems. Thinking is often perceived as effortful and mentally taxing, leading some individuals to seek less cognitively demanding alternatives when possible. Research indicates that people may gravitate towards options that require less mental exertion, potentially paving the way for increased reliance on AI for cognitive tasks. The growing capabilities of generative AI systems have sparked debates about the extent to which humans might depend on these technologies for various forms...
read Oct 1, 2024MIT startup invents new breed of AI model and it’s already state of the art
Liquid AI unveils groundbreaking non-transformer AI models: Liquid AI, a startup with roots in MIT's CSAIL, has introduced a new class of AI models that challenge the dominance of transformer-based architectures in the field of artificial intelligence. Revolutionary approach to AI model design: Liquid AI's new Liquid Foundation Models (LFMs) are built from first principles, eschewing the transformer architecture that has been the cornerstone of most recent AI advancements. The company's goal is to explore alternative methods for building foundation models beyond Generative Pre-trained Transformers (GPTs). LFMs are based on computational units grounded in dynamical systems theory, signal processing, and...
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