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IDC Forecasts Revenue for Artificial Intelligence Software Will Reach $279 Billion Worldwide in 2027
NEEDHAM, Mass., October 31, 2023 – A recent forecast from International Data Corporation (IDC) shows that the worldwide artificial intelligence (AI) software market will grow from $64 billion in 2022 to nearly $251 billion in 2027 at a compound annual growth rate (CAGR) of 31.4%. The forecast for AI-centric software* includes Artificial Intelligence Platforms, AI…
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Revolutionizing Scabies Care With Artificial Intelligence
ParaPRO has introduced a tool to revolutionize scabies care. Known as Thought Leader AI, this decision-support platform, developed in partnership with the Institute for Creative Technologies at the University of Southern California, promises to redefine consultations with leading scabies specialists. From diagnosis to treatment, this tool aims to enhance clinical decision-making and facilitate a virtual…
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An AI smoothie shop opened in San Francisco with much hype. Why is it closed already?
In September, a “bespoke AI nutrition” store opened in beleaguered downtown San Francisco to much fanfare, promising smoothie concoctions generated by AI and a much-needed boost to the area. Less than two months later, it has seemingly closed without explanation. BetterBlends advertised “Your Smoothie, powered by AI” and received positive press upon its opening, ginning…
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A year later, artificial intelligence remains a double-edged sword at Seton Hall
AI has taken the internet by storm since its rise in popularity nearly a year ago, from generating images to writing essays in seconds. Today, AI seems to be embraced to a certain degree at Seton Hall, by being aware of some of its pros but also being aware of its cons. The Department of…
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Chinese tech giant Alibaba launches upgraded AI model to challenge Microsoft, Amazon
Alibaba on Tuesday launched the latest version of its artificial intelligence model, as the Chinese technology giant looks to compete with U.S. rivals like Amazon and Microsoft. China’s biggest cloud computing and e-commerce player announced Tongyi Qianwen 2.0, its latest large language model. Alibaba also introduced the GenAI Service Platform, which lets companies build their…
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Biden issues executive order establishing artificial intelligence regulations
Biden issues executive order establishing artificial intelligence regulations – CBS News Watch CBS News President Biden signed a landmark executive order Monday intended to create safeguards for artificial intelligence. It requires AI developers to share their safety test results with the U.S. government and calls for national standards and tests to ensure AI tools are…
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3 Trends in Artificial Intelligence to Watch in 2024
Investor’s Business Daily recently provided one of the better definitions of artificial intelligence that I’ve seen. Specifically, it noted that “AI uses computer algorithms to replicate the human ability to learn and make predictions,” while adding that the technology “needs computing power to find patterns and make inferences from large quantities of data.” By enabling…
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White House to Force Companies to Share Artificial-Intelligence Data
“To realize the promise of AI and avoid the risk, we need to govern this technology.” With that statement, Joe Biden signed an executive order on Monday outlining the federal government’s approach to regulating artificial intelligence. The executive order’s breadth reflects how the White House recognizes that the use of artificial intelligence across the economy…
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Explainer: Britain’s AI summit: what can it achieve?
LONDON, Oct 31 (Reuters) – Britain will host the world’s first global artificial intelligence (AI) safety summit this week to examine the risks of the fast-growing technology and kickstart an international dialogue on regulation of it. It will take place at Bletchley Park – where Britain’s World War Two code-breakers worked – in southern England…
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Artificial intelligence in sport – the key to success?
Elite sports are about passion and unpredictable results. Coaches make decisions based on their gut and influence games. It’s the way it has always been — up until very recently. Nowartificial intelligence (AI) is starting to influence coaching at elite level. But will its use make sports more predictable and less emotional? Data has been used to…