The World Economic Forum (WEF 2024) in Davos is currently underway, with several tech CEOs in attendance, such as Sam Altman from OpenAI and Satya Nadella from Microsoft. Altman expressed concerns about the energy consumption of AI during his discussion on Tuesday, emphasizing the need for an energy breakthrough to ensure its future. Nadella, on the other hand, focused on the influence of AI in the field of science. Find out more about the perspectives of these two tech giants on Artificial Intelligence (AI). Sam Altman and Satya Nadella in…

According to a survey conducted by PricewaterhouseCoopers before Davos, executives worldwide are growing more concerned about the future sustainability of their businesses. The survey revealed that the mounting pressures from generative artificial intelligence (AI) and climate disruption are major factors contributing to their worries. Some 45% of more than 4,700 global CEOs surveyed do not believe their business will survive the next ten years barring significant change, the “Big Four” auditor said. “These 55% think they don’t need to change radically, and I would say that’s a bit naive because…

The UK boss of accounting giant PricewaterhouseCoopers has suggested that junior staff should increase their office hours in order to secure faster promotions. This recommendation comes as artificial intelligence is expected to assume routine responsibilities that were typically assigned to younger employees. Generative AI will eliminate “tasks that our junior staff used to train and cut,” Kevin Ellis, chairman of PwC UK, said in an interview at the World Economic Forum in Davos, Switzerland. Without those roles, “you have to somehow get people through the career path faster,” he added.…

According to Denis Machuel, the CEO of Adecco, the largest temporary staffing agency globally, while artificial intelligence poses significant job concerns, it will also give rise to new job opportunities. Various professions, including meteorologists, lawyers, and screenwriters, could witness a transformation in their roles due to the emergence of generative AI like ChatGPT, a chatbot capable of creating content. Machuel believes that alongside these changes, new positions will also be created. – How does artificial intelligence disrupt working life? – Machuel: “It’s probably the biggest disruption and revolution we’ve seen…

Let’s delve into today’s roundup of news where concerns arise in the fields of finance, business, and law due to the emergence of AI. The Chinese military is utilizing AI, similar to ChatGPT models, to forecast adversary movements on the battlefield. OpenAI’s GPT store encounters a hurdle as users exploit the platform for creating ‘AI Girlfriends’. Additionally, a study by Anthropic uncovers unsettling deceptive capabilities in AI models. Stay tuned for more updates. 1. Artificial intelligence raises fears in finance, business and law The growing influence of artificial intelligence raises…

The India Meteorological Department (IMD) is aiming to enhance its weather forecast models by incorporating artificial intelligence (AI) and faster supercomputers, despite facing challenges in predicting minor severe weather events. IMD Director General Mrutyunjay Mohapatra revealed in an interview with PTI that the organization is establishing test beds in Odisha and Madhya Pradesh to gain a deeper understanding of the underlying physical processes that contribute to the development of thunderstorms and heavy monsoon rains. This research could ultimately lead to improved weather forecasts. IMD will begin its 150th anniversary on…

In our daily roundup, let’s take a look at the recent developments in the field of artificial intelligence (AI). OpenAI CEO Sam Altman and the U.S. House Speaker discussed the potential risks associated with AI in light of regulatory hurdles. Additionally, there have been undisclosed discussions between American and Chinese AI companies regarding safety concerns. Pipefy has introduced HR automation powered by AI, featuring customizable chatbots. Furthermore, Google Cloud has unveiled generative AI tools that aim to revolutionize retail experiences. 1. OpenAI CEO and Speaker of the US House of…

Banks and broker-dealers in the financial industry are preparing for the transition to shorter settlement times by adopting a new artificial-intelligence tool. This tool aims to rectify and prevent any trade errors that may occur during the settlement process. Broadridge Financial Solutions Inc. deploys OpsGPT, a chatbot that uses generative artificial intelligence and extensive language modeling technology to analyze and solve operational problems, such as failed trades, and provides insight into the cause of the problem and suggestions to resolve it. and prevent it from happening again. The product was…