AI in the News

Biggest Losers of AI
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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…..

www.bloomberg.com

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BofA Says AI Frenzy Drives Record Inflows Into Tech
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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.

www.bloomberg.com

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AI Human Reasoning
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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.

www.nytimes.com

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US Senator Uses ChatGPT
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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…

www.bloomberg.com

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AI Urges a National Response
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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.

www.foxnews.com

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