NewsFeed

March 26, 2025

Businesses Rely Heavily on AI by 2024

A recent survey by Gallagher found that nearly half (45%) of businesses were using AI in day-to-day operations by the end of 2024, with larger firms reporting a higher adoption rate of 82%. The top use-cases for AI included writing emails and handling customer queries. However, concerns about AI adoption include hallucinations and legal liabilities, with 34% of business owners citing AI errors as a major threat. Gallagher's Executive Director, Ben Waterton, warned that relying solely on AI without human oversight can lead to serious consequences and compromising advice.

https://www.techradar.com/pro/most-businesses-are-now-fully-embracing-ai-but-arent-always-protected-against-the-risks

March 26, 2025

China and US Dominate Robotics Start-up Funding

A recent study by GlobalData has found that China and the US have dominated global funding for robotics start-ups, accounting for 75% of all venture capital investment between 2018 and 2024. The US received $49.9 billion in investments, while China secured $24.4 billion. This significant lead positions these two countries as "emerging dominant forces" in the industry, allowing them to shape the future of automation and intelligent systems.

https://www.scmp.com/economy/china-economy/article/3304070/us-and-chinese-robotics-start-ups-attract-75-global-funding-study-finds?module=top_story&pgtype=section

March 26, 2025

Commonwealth Bank Launches Seattle Tech Hub

Commonwealth Bank is investing heavily in artificial intelligence, establishing a dedicated tech hub in Seattle, Washington, near Amazon, Apple, and Microsoft's headquarters. The bank plans to accelerate AI adoption across its digital platforms with hundreds of staff being sent to the new hub. CBA group executive Gavin Munroe and CEO Matt Comyn are launching the initiative, aiming to widen the bank's lead on AI adoption.

https://www.smh.com.au/business/banking-and-finance/cba-to-speed-up-ai-rollout-as-it-fights-bank-tech-war-20250327-p5lmxs.html

March 26, 2025

Companies Must Prioritize Data Privacy for AI Success

Businesses can leverage AI to enhance customer experiences, streamline operations, and drive innovation, but this requires ongoing investment and refinement. To capitalize on these benefits, companies must prioritize data privacy by implementing clear policies on collection, storage, and usage of data, as societies become increasingly aware of how their information is used.

https://www.techradar.com/pro/ai-is-booming-but-are-businesses-seeing-real-impact

March 26, 2025

CURRENC's AI Agents Revolutionize Finance Industry

CURRENC's "AI Staff for Hire" is an innovative product that automates critical functions in the finance industry using AI-powered workforce solutions. The platform, designed for enterprises across the finance sector, offers specialized AI Agents for tasks such as customer support, debt collection, and KYC compliance. With advanced functionalities like real-time insights into customer interactions and customizable training for staff, "AI Staff for Hire" enables businesses to scale operations, streamline workflows, and enhance service quality while improving global competitiveness.

https://www.manilatimes.net/2025/03/27/tmt-newswire/globenewswire/currencs-seamless-ai-lab-unveils-ai-staff-for-hire-platform/2081379

March 26, 2025

Gates Optimistic on AI's Limited Impact on Jobs

Bill Gates has expressed optimism about the future of artificial intelligence, stating that certain professions are safe from automation for now. These professions include teachers, nurses, and social workers, as they require human interaction and empathy. Gates believes that while AI will continue to advance, it is unlikely to replace these roles in the near future.

https://www.livemint.com/news/bill-gates-on-ai-s-future-these-3-professions-are-safe-for-now-11743074711167.html

March 26, 2025

Google's AI-Powered Key Information Cards Launched

Summary: Google's new feature, "Key Information Cards," uses AI to extract essential details from web pages, providing users with a concise summary of the main points, making it easier for those who prefer skimming content to quickly grasp the information. This feature is particularly useful for users like students and researchers who need to rapidly access key data.

https://nerdbot.com/2025/03/26/crafting-engaging-content-that-captures-search-algorithms-attention/

March 26, 2025

Google's Choron Sees AI as Artistic Freedom Key

Google's Johann Choron believes that allowing millions of people to create high-quality content using AI tools could lead to a "totally stunning change in artistic freedom." He notes that while there may be an abundance of content, good content is still typically created by skilled professionals like directors, rather than amateur creators.

https://deadline.com/2025/03/ai-artistic-freedom-or-creative-chaos-series-mania-1236352100/

March 26, 2025

Harvard's D^3 Initiative Leverages AI for Business

Harvard Business School's D^3 initiative, led by Dean Srikant Datar, aims to harness AI technology by revamping business processes. The global network of faculty, researchers, and scientists focuses on five themes: Human-Centered Technology, Emerging AI-based Operating and Business Models, Evolution of Business Technology, Future of Work, and Data Privacy Security and Regulations.

https://www.prnewswire.com/news-releases/digital-data-design-institute-at-harvard-officially-launches-future-proof-with-ai-upskilling-learning-program-302412635.html