The market for AI-related hardware and software is expected to grow between 40% and 55% annually, reaching between $780 billion and $990 billion by 2027, according to a new study. The Bain & Company Technology Report 2024 also highlights three areas of opportunities – bigger models and larger data centres, enterprise and sovereign AI initiatives,
Spruce Pine, a small North Carolina town, is devastated after being hit by Hurricane Helene. Known for its essential role in producing the world’s semiconductors, the city is home to two mines that supply high-purity quartz, a vital material used to manufacture the silicon wafers needed for AI chips, smartphones, and data centres. Hurricane Helene
The technological research and consulting firm Gartner, Inc. predicts that by 2026, at least 500 million smartphone users will be regularly making verifiable claims using a digital identity wallet (DIW). Identity verification (IDV) in the form of a user taking a picture of their identity document and a selfie is commonly used today. It establishes
With a strong foundation in engineering and internet programming, John Liu, CEO of AI firm jumpAD, has expertly bridged the gap between technology and marketing to help the company emerge as one of the leading digital marketing agencies in Taiwan. jumpAd, which is also Google Partner company today, not only offers innovative AI-driven advertising solutions
OpenAI CEO Sam Altman faced tough questions about trust and AI safety in a primetime interview with talk show host Oprah Winfrey that aired recently. The interview, part of Winfrey’s special ‘AI and the Future of US’, put Altman in the hot seat as he attempted to assuage concerns about the rapid advancement of artificial
The US Federal Trade Commission (FTC) released a report recently criticising social media companies for their inadequate handling of user data, particularly regarding its use in artificial intelligence (AI) systems. The report highlights that significant platforms like Meta, TikTok, Twitch, YouTube, and others collect and manage vast amounts of user data with little transparency or
In a bold move to capitalise on the artificial intelligence (AI) boom, Microsoft and BlackRock are joining Abu Dhabi’s MGX to secure $30 billion in private equity capital. This investment will fund the development of vital AI infrastructure, including data warehouses and energy projects. The partnership aims to leverage this capital to reach $100 billion
Meta Platforms, the parent company of Instagram, has announced the rollout of new teen accounts designed with advanced privacy settings and parental controls. This move is part of the company’s efforts to address growing concerns about the safety of young users on social media, particularly as scrutiny around the mental health impacts of social platforms
Hans Peter Brondmo, the former head of Google’s ambitious robotics project, Everyday Robots, believes that AI robots should not resemble humans. As tech giants like Tesla move towards developing humanoid robots, Brondmo offers a different perspective, emphasising the need for practicality over appearance. Reflecting on his seven years at Google’s innovation lab X (formerly Google
Blockchain is transforming the boundaries between virtual assets and real-world applications through its decentralised nature. This decentralisation not only reduces the risk of centralised corruption or failure but also encourages more democratic data management. It’s paving the way for innovative business models and Web3 applications. With its potential to revolutionise various sectors, from finance and
