AI NEWS & TRENDS
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Thoughts on AI: "Sure AI is Hot, but is it an Actual Market or a Platform Piece?" |
Companies of all stripes have begun embracing generative AI as a way to increase productivity and possibly even replace some workers. But the base technology has been around for decades. Over the last five to 10 years, big enterprise software companies have been building AI into their platforms without the same level of screaming hype we are seeing at the moment. As we find ourselves in the midst of this AI-induced frenzy, it could be useful to take a step back and see just what we are dealing with here. Is there actually an AI market in the pure sense, or is it enabling technology that will soon be built into everything, making how we view it less clear? (https://techcrunch.com/2023/08/13/is-ai-platform-or-market/?utm_medium=TCnewsletter&tpcc=TCdailynewsletter)
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Generative AI Tops Gartner's Top 25 Emerging Technologies for 2023 |
Every year, Gartner identifies 25 key emerging technologies to watch in its Hype Cycle for Emerging Technologies study. In the 2023 report, unsurprisingly, generative AI topped the hype cycle. To put together its list, the research firm identifies key insights about 2,000+ technologies and applied frameworks that it profiles each year. All of the emerging technologies chosen are projected to reach transformational benefit within two to 10 years. Gartner projected that generative AI will reach transformational benefit and plateau within two to five years.
Plus, there are plenty of other emergent AI technologies within the AI umbrella that have the potential to cause significant societal change. Specifically, the report flags AI simulation, causal AI, federated machine learning, graph data science, neuro-symbolic AI, and reinforcement learning as emergent AI technologies to look out for.
In addition to emergent AI, Gartner identified developer experience (DevX), pervasive cloud, human-centric privacy, and security as four emerging technology trend themes. (https://www.zdnet.com/article/generative-ai-tops-gartners-top-25-emerging-technologies-list-for-2023
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Survey of IT Leaders: Most Regard AI Tools Positively, Even Though Over Half Haven't Used Them Yet |
A new survey conducted by AMD found that 67% of IT leaders believe AI can increase employee efficiency. The survey of 2,500 global IT leaders discussed enterprise AI adoption and the leaders' current priorities for their IT departments. Respondents' optimism is notable given that the survey also found that over 50% of IT leaders haven't yet experimented with the newest natural language processing applications, such as Chat GPT, Bing AI, Google Bard, and others.
Over 50% of IT leaders also indicated that their organizations are not ready to implement AI right now and that a five-year plan to build AI into the enterprise fully is the best course of action. Even so, over 66% of IT leaders are already amassing budgets for AI project implementation. (https://www.zdnet.com/article/67-of-it-leaders-say-ai-can-increase-employee-efficiency/)
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Epic Is Allowing Generative AI "Pals" Into Its Walled Garden |
Epic is integrating new artificial intelligence clinical documentation capabilities for its customers through a partnership with generative AI company Abridge - Epic's first "Pal" in its "Partnership and Pals" collaboration program. Through the program, "Epic works with companies like Abridge to develop deep integration for their products and services, helping them innovate quickly for the benefit of more patients and providers," Epic VP Alan Hutchison said in recent Abridge news release. Abridge uses generative AI tools to reduce the administrative documentation burden on clinicians. According to the company, the tool can save providers two hours per day on average. (https://www.beckershospitalreview.com/ehrs/epic-gets-new-generative-ai-pal.html)
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A Look at Epic, Microsoft's Partnership |
Epic Systems and Microsoft have had a long-standing partnership, but have since expanded their alliance as they look to develop and integrate generative AI into their products, as well as make Microsoft's cloud platform compatible with running the large EHR system. On Aug. 10, Microsoft said its Azure Large Instances, the company's cloud infrastructure, would be able to run Epic clients' databases. The application, according to the company, can run up to 50 million database accesses per second, and is designed to help healthcare customers achieve the scale needed to run Epic's EHR system.
Microsoft is also collaborating with Epic on generative AI that is tailored to the healthcare industry. The two have been training Microsoft's Azure OpenAI on a large collection of information so it can asynchronously draft responses to patient messages for providers. This integration will allow Azure OpenAI to provide draft messages to providers, who can then review the message and make any modifications before it is sent to a patient. The aim is to reduce the documentation burden on providers that significantly grew during the COVID-19 pandemic. The tool is already being piloted by health systems such as Stanford Health Care, Sutter Health, UC San Diego Health, and Madison, WI-based UW Health. (https://www.beckershospitalreview.com/ehrs/a-look-at-epic-microsofts-partnership.html
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IBM, Microsoft Launch Generative AI Managed Service |
IBM and Microsoft have deepened their collaboration around generative AI, deploying a large language model managed service in Azure Marketplace. The IBM Consulting Azure OpenAI Service gives developers and data scientists access to generative AI tools, including GPT and Codex, and provides organizations with a suite of pre-built enterprise use cases for the technology. (https://www.ciodive.com/news/Microsoft-IBM-collaborate-generative-AI-enterprise-solutions/691090/)
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Thinking of Investing in AI? - Here's IBD's Quick Guide to AI + Why and What to Consider & What It Does |
This is an impressive primer on Artificial Intelligence from Investor's Business Daily: why you might consider investing in it all, which stocks to analyze, and why: https://get.investors.com/infographics/ai/
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WORKFORCE TRENDS
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40% of Workers Will Have to Reskill in Next 3 Years Due to AI: IBM Study |
An IBM report analyzes how the emergence of AI is affecting company business models, especially in how they leverage AI to carry out their operations and how it affects job roles. The executives surveyed estimated that 40% of their workforce will have to reskill in the next three years due to AI implementation, totaling up to a whopping 1.4 billion of the 3.4 billion people in the global workforce, according to World Bank statistics. However, 87% of those executives expect generative AI to augment roles rather than replace them. "AI won't replace people - but people who use AI will replace people who don't," said IBM in the report. (https://www.zdnet.com/article/40-of-workers-will-have-to-reskill-in-the-next-three-years-due-to-ai-says-ibm-study/)
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Latest Workforce Term: "Grumpy Staying" |
From "loud quitting" to "quiet quitting," various workforce trends have gained traction in recent years. Among the latest trends: "Grumpy staying." The term, coined by Insider in late June, refers to high-potential employees staying at jobs they are unsatisfied with but hesitate to leave in a tightening labor market, Fortune reported Aug. 9. The publication describes grumpy stayers as "typically employees who recently switched jobs only to discover that their new position isn't what they hoped for or feel stuck in a position they've held for years with no chance of upward mobility." Other terms that have been introduced include "bare minimum Mondays," "career cushioning" and "lazy girl job."
While members of Generation Z in entry-level jobs have often coined these phrases, emerging leaders, professionals with high potential for the vice president or C-suite level roles, are also "grumpy staying," Justin Hirsch, CEO of executive search and leadership consulting firm Jobplex, told Fortune. Moving forward, Mr. Hirsch encouraged employers to focus on employee engagement and talent development. (https://www.beckershospitalreview.com/workforce/the-latest-workforce-fad-term-grumpy-staying.html)
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Even Zoom is Making Its Staff Return to the Office |
Zoom, the company that powered the remote work revolution during the pandemic, is telling its employees to come back to the office. In a statement, Zoom said it's now enforcing a "structured hybrid approach," meaning that employees who live near an office "need to be onsite two days a week" because it's "most effective" for the video-conferencing service. "As a company, we are in a better position to use our own technologies, continue to innovate, and support our global customers. We'll continue to leverage the entire Zoom platform to keep our employees and dispersed teams connected and working efficiently," the company said. Zoom isn't excluded from the return to office trend that's sweeping tech companies.
In recent months, Google, Amazon and Salesforce have enacted similar policies, ending a Covid-era approach that gave employees more freedom to work from home. However, businesses have faced some pushback from employees after workers grew accustomed to greater flexibility. Even the White House is cracking down on remote work. It recently asked Cabinet agencies to bring federal workers back into the office more frequently in the coming months, according to an internal email obtained by CNN. (https://www.cnn.com/2023/08/07/business/zoom-return-to-office/index.html)
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Several Tech Positions Among 20 Fastest-Growing Occupations |
The number of jobs in the U.S. will increase by 8.3 million from 2021 to 2031 - according to projections from the Bureau of Labor Statistics, which classifies workers into occupational categories based on the work they perform and their skills, education, training and credentials. Among the top 20 occupations forecast to see the greatest percent employment change by 2031 are: Data scientists - 35.8%; Information security analysts - 34.7%; Statisticians - 32.7%; and Web developers - 30.3%. (https://www.beckershospitalreview.com/workforce/20-fastest-growing-occupations-nurse-practitioner-is-no-1.html)
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Want Your Company to Work for Google? Here's What They're Looking For Now |
Google recently posted several job openings related to its health business. Below are three open positions as of July 21:
>> Software engineer, Google Health: Will write product or system code for Google Health's software.
>> Senior staff machine learning tech lead, Google Health: Will lead efforts to apply machine learning capabilities to the healthcare domain.
>> Systems engineer, Fitbit: Will extract power data to optimize Fitbit devices (https://www.beckershospitalreview.com/disruptors/3-google-healthcare-job-openings-4.html)
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TRANSPORTATION TECH NEWS
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EV Battery Can Charge in 10 Minutes |
China's Contemporary Amperex Technology Co. Ltd. (CATL) announced the development of a lithium-iron-phosphate electric vehicle battery that can charge in 10 minutes up to a range of 248 miles. CATL, which works with Tesla, Ford Motor, and other automakers, said it would begin mass production of the Shenxing cell later this year. (https://www.bnnbloomberg.ca/battery-giant-catl-s-new-fast-power-pack-to-tackle-range-anxiety-1.1959580)
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Think Twice Before Getting into That Driverless Taxi |
As Cruise and Waymo face criticism from San Francisco officials over the safety of driverless cars, data shows the robotaxis are among the leaders in crashes reported to the National Highway Traffic Safety Administration involving vehicles with automated driving systems. (https://www.govtech.com/transportation/how-many-waymo-cruise-driverless-cars-have-crashed)
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CONSUMER TECH & OTHER TRENDS
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Where Was It During "Hilary"? Comcast's New Wi-Fi Extender Provides Cellular & Battery Backup During Storms |
Comcast's Xfinity Storm-Ready WiFi is a range extender that features a four-hour battery and cellular connectivity that will click on when users lose internet and power. As the name suggests, the system is designed specifically to serve as backup for weather-related outages. The ISP notes that in the U.S., power outages average around two hours, and the system offers double that on a charge. When things are running smoothly, the system serves as a range extender, bringing the service provider's 10G network to pockets of your home that your standard router won't reach. Comcast is offering the system through a kind of hardware as a service model, charging users $7 a month over the course of 36 months. That price includes the "unlimited" backup cellular connection. (https://techcrunch.com/2023/08/15/comcasts-new-wifi-extender-provides-cellular-and-battery-backup-during-storms/)
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Linear TV Viewing Sinks Below 50% as Streaming Soars to New Heights |
In a first for linear TV viewing, cable and broadcast usage fell below 50% in terms of total share among U.S. viewers, according to Nielsen's July 2023 report. Cable viewing dropped below 30% for the first time at 29.6%, down 12.5% year-over-year. Broadcast usage decreased to 20%, down 5.4% YoY. Streaming services, on the other hand, accounted for 38.7% of total U.S. TV usage - a new record high for the category. Streaming usage has sky-rocketed 25.3% in the past year. (https://techcrunch.com/2023/08/15/linear-tv-viewing-sinks-below-50-nielsen-july-2023-report/?utm_medium=TCnewsletter&tpcc=TCdailynewsletter)
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RCS to Emerge as SMS, MMS Upgrade |
By 2026, approximately 50% of all cell phones will use Google's Rich Communication Services messaging, which features end-to-end encryption and recognizes traditional text messages along with GIFs, high-resolution images and other types of files. A recent TechRadar article provides "answers to a bunch of common questions you might have about RCS messaging including what RCS stands for, what benefits it offers, and which devices have access to it." (https://www.techradar.com/phones/what-is-rcs-messaging-the-imessage-rival-and-sms-text-replacement-explained)
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That Doesn't Suck: Giant Vacuums Awarded First Tranche of $3.5B for Pulling Carbon Pollution from the Sky |
The Biden administration is throwing its weight behind technology that sucks planet-warming carbon dioxide out of the air, selecting the first winners of a $3.5-billion fund dedicated to developing the machines scientists say will be needed to stop the worst effects of climate change. Projects proposed by a subsidiary of Occidental Petroleum Corp. for Kleberg County, Texas, and by Climeworks, Battelle Memorial Institute and Heirloom Carbon Technologies Inc. for Calcasieu Parish, La., were selected for the first tranche of funding, up to $1.2 billion, the Energy Department said. The technology is "essentially a giant vacuum that can suck decades of old carbon pollution straight out of the sky," Energy Secretary Jennifer M. Granholm told reporters. "If we deploy this at scale, this technology can help us make serious headway toward our net-zero emission goals." (https://www.latimes.com/business/story/2023-08-11/how-the-biden-administration-is-pouring-billions-into-technology-that-sucks-carbon-from-the-air)
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