Wintrust Business Lunch 7/30/24: AI Reopening, Fed Policy Meeting, Back-to-School Spending | WGN Radio 720

FILE – Shoppers browse sales on school supplies at a Target store in South Miami, Fla., July 27, 2022. An estimated $135 billion will be spent on back-to-school and back-to-school shopping in 2023, making it the second-busiest time of the year after the holiday season, according to the National Retail Federation. But there are ways […]

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SDAIA Presents AI-Enabled Entrepreneurship Support Initiative at Saudi Arabia-Korea Business Forum

The Saudi Arabian Data and AI Authority (SDAIA) participated in a working session focused on innovation and technology at the Saudi-Korea Business Forum in Seoul, South Korea. Saudi Arabia's Minister of Commerce Majid bin Abdullah Al Qasabi, along with a government and private sector delegation, is on an official visit to the South Korean capital […]

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How much are big tech companies spending on AI?

Down icon An icon in the shape of a downward angle. Elon Musk (top left), Jensen Huang (top center), Sam Altman (top right), Mark Zuckerberg (bottom left), and Sundar Pichai (bottom right). Kent Nishimura/Ethan Miller/Justin Sullivan/Anna Moneymaker/Jeff Botari/Getty Big tech companies are investing in their own AI ventures as well as outside companies. Microsoft has […]

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Verizon uses generative AI to streamline business relationships

Down icon An icon in the shape of a downward angle. Verizon's introduction of generative artificial intelligence is a step towards improving employee and customer productivity. SOPA Images Verizon is using generative AI to ease the workload of high-volume business-related calls. AI can instruct agents on how to handle issues or summarize customer calls. This […]

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Two generative AI companies and two others secure early stage funding

Ganesh Gopalan and Ananth Nagaraj, co-founders of Gnani.ai Generative AI companies Gnani.ai and Vitra.ai, wedding services startups Meragi and ElectricPe have secured early stage funding, the companies announced on Tuesday. Gnani.ai, a voice-first generative AI company, secured Rs 300 crore (about $4 million) in a Series A round from Info Edge Ventures on Tuesday. Samsung […]

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AI adoption strongest in India and China, says BSI

The new BSI model assesses the AI ​​readiness of companies around the world, with 76% of survey respondents saying a lack of focus on AI would be a competitive disadvantage. BSI's newly launched Global AI Maturity Model finds that Chinese and Indian companies are better prepared to smoothly integrate AI into their operations, prepare their […]

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Microsoft calls for new legislation on deepfake scams and AI-generated sexual abuse images

Happy Tuesday! I'm Gerrit De Vynck, a reporter covering Google and artificial intelligence, filling in for Cristiano today. Send your news tips to gerrit.devynck@washpost.com. Microsoft calls for new legislation on deepfake scams and AI-generated sexual abuse images Tech giant Microsoft is calling on Congress to pass legislation that would make it illegal to use AI-generated […]

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Cybersecurity and AI are the biggest threats to business, according to HR leaders

New research from BT reveals that anxiety about the speed of technological change is widespread among business leaders in HR. In fact, 96% of HR directors and executives report suffering from “bytemares” – technology-related stress severe enough to disrupt sleep, with cybersecurity and AI cited as the main causes of anxiety. With 74% of sector […]

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AI threatens to destroy jobs. Tech leaders think they have the answers.

Down icon An icon in the shape of a downward angle. PM Images/Getty Images Some tech leaders have advocated for universal basic income to combat the automation of jobs by AI. Silicon Valley luminaries such as Elon Musk and Sam Altman have long supported the idea. Experts say UBI and fair use of AI data […]

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Why a former ARM executive is heading up a UK AI startup

Former ARM vice president Noel Hurley was appointed CEO of Literary Labs in January. Literal Lab Things are going well for UK artificial intelligence startups right now. As we reported last week, companies developing AI solutions are set to raise a staggering $2.1 billion in venture capital funding in the first half of 2024, with […]

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