AI in the News
Biggest Losers of AI
Biggest Losers of AI Boom Are Knowledge Workers, McKinsey Says
Could add the equivalent of $2.6 to $4.4 trillion annually
May add 0.6% in annual labor productivity growth for 20 years
The worldwide boom in generative artificial intelligence will usher in an age of accelerated productivity and greater prosperity for some — and profound disruption for others, primarily knowledge workers, according to a new report by consultants McKinsey & Co.
Whole swaths of business activity, from sales and marketing to customer operations, are set to become more embedded in software — with potential economic benefits of as much as $4.4 trillion, about 4.4% of the world economy’s output — according to the study by…..
BofA Says AI Frenzy Drives Record Inflows Into Tech
BofA Says AI Frenzy Drives Record Inflows Into Tech
Betting against AI would be a contrarian trade in June: BofA
Strategist retains bearish view on risks of tighter liquidity
The buzz around artificial intelligence has investors pouring a record amount of money into tech stocks, Bank of America Corp. says.
A “baby bubble” in AI was the dominant market theme in May, strategist Michael Hartnett said, with tech funds attracting an all-time high of $8.5 billion in the week through May 31, according to the bank citing EPFR Global data.
AI Human Reasoning
Microsoft Says New A.I. Shows Signs of Human Reasoning
A provocative paper from researchers at Microsoft claims A.I. technology shows the ability to understand the way people do. Critics say those scientists are kidding themselves.
US Senator Uses ChatGPT
US Senator Uses ChatGPT for Opening Remarks at a Hearing on AI
US Senator Richard Blumenthal opened a hearing on AI with a recording of his voice describing the risks of this emerging technology.
“Too often we have seen what happens when technology outpaces regulation,” he said. “The unbridled exploitation of personal data, the proliferation of disinformation and the deepening of societal…
Falling Behind AI
Businesses who fail to implement artificial intelligence programs in their day-to-day activities risk falling behind, said Ambereen Toubassy, the chief financial officer of Airtable.
"Ultimately, businesses that don’t adopt AI risk falling behind," she told Fox News Digital.
"The three most recent major technological advancements have been the internet, mobile and cloud. While each has created massive new companies, disrupted others and generally boosted productivity - I would argue the internet has been the most pervasive. It is practically impossible to be successful today while ignoring it, while in contrast, many large companies continue to thrive without having made their move into the cloud. I think AI is more like the internet - that is, an advancement that companies cannot afford to fall behind on - as opposed to the cloud, where being cautious has not been debilitating," Toubassy continued.
AI Urges a National Response
British tech chief warns AI's social impact 'as big as the Industrial Revolution,' urges national response
Artificial intelligence detecting cancer in some U.S. hospitals
Doctors believe artificial intelligence is now saving lives after a major advancement in breast cancer screenings. AI is detecting early signs of the disease, in some cases years before doctors would find the cancer on a traditional scan.