Tech M&A sees 37% growth thanks to AI, and the world witnesses the debut of an AI-powered restaurant: 5 things you might have overlooked about AI today.
Let’s take a look at today’s daily roundup, which includes various news stories. Firstly, the tech industry has experienced a significant 37% growth in mergers and acquisitions, reaching a value of $984 billion by 2030, largely driven by AI. Additionally, Yoshiki from X Japan has urged the implementation of AI legislation to safeguard the rights of artists. Furthermore, a survey reveals that AI researchers are astonished by the unprecedented speed of development in the field. Lastly, Sriram Raghavan from IBM predicts a 40% increase in demand for AI specialists.
1. AI to drive 37% increase in tech acquisitions worth $984 billion by 2030
Artificial intelligence will drive 37 percent growth in tech acquisitions, reaching $984 billion by 2030, despite a post-pandemic decline. Businesses are expecting growing contract volumes and values thanks to the transformative role of artificial intelligence and continued investment by tech giants. Artificial intelligence boosts diligence, increases efficiency and data protection, which has legal implications for the processing of personal data. Investors must address identified risks prior to closing to implement successful M&A strategies, Business Today reports.
2. X Japan Yoshiki calls for artificial intelligence legislation to protect artists’ rights
Yoshiki, head of X Japan, supports legislation to protect artists’ rights amid the rise of artificial intelligence in music production. He expresses concern about songs created by AI that blur the line between human and AI, and emphasizes the need for progress in copyright and publicity law to keep up with technological advances. According to a Borneo Bulletin report, Yoshiki notes the negative impact on artists’ incomes due to increased participation in the music industry through artificial intelligence.
3. Artificial intelligence researchers surprised by the unprecedented pace of development, Survey states
Artificial intelligence researchers are amazed by the rapid development of artificial intelligence, according to a recent study. A survey conducted by AI Impacts reveals a widespread perception among 2,778 AI experts that progress in AI is accelerating. The findings also highlight the divide between AI enthusiasts and cautionary voices, with the former appearing to be gaining ground. The study suggests a significant shift toward previous feasibility expectations for various AI-related tasks in 2022-2023, Mashable reports.
4. IBM’s Sriram Raghavan predicts a 40% increase in demand for AI experts
IBM’s Sriram Raghavan predicts that the demand for artificial intelligence experts will increase by 40 percent in five years. At the CNBC TV18 & Moneycontrol Global AI Conclave 2023 in Bangalore, Raghavan discussed the role of AI in solving population-level problems in India. After returning to the US, he will outline efforts to use artificial intelligence in weather forecasting and extreme weather warnings and work with NASA to improve accuracy and efficiency in climate applications, Money control reported.
5. The world’s first fully autonomous restaurant powered by artificial intelligence, CaliExpress, opens in Pasadena
Pasadena unveils CaliExpress, the world’s first fully AI-powered restaurant, combining Miso Robotics and PopID technologies. This ground-breaking facility offers fully automated ordering and cooking processes, including grilling and frying stations operated by artificial intelligence and robotics. According to a CBS News report, customers will use the self-order kiosks with a PopID account to watch a real-time burger patty being created and enjoy Flippy’s crispy fries, marking a major leap forward in the self-service dining experience.
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