Artificial intelligence (AI) is changing how companies train and upskill their employees, offering personalized learning experiences that can reduce costs and improve efficiency. The global AI-in-education market is expected to grow from $3.6 billion in 2023 to around $73.7 billion by 2033, according to a report from Market.US. Despite the impressive forecast, online education company …
It seems that nowadays everyone is becoming an “AI expert” because they have done some prompt engineering or played around with AI tools that help them create music. Everyone now considers themselves to be an AI developer. However, not too long ago, the world of AI users and AI developers and engineers were very different. …
The bar was, arguably, low coming into Apple’s latest earnings report. And the tech giant stepped over that bar, spurring investors to breathe a sigh of relief, sending shares up 6% higher in the wake of the post-earnings-close announcement. Yes, the decline in sales — at 4% — was better than some had feared. And …
Amazon reported strong financial results for the first quarter of 2024, as the company doubles down on its artificial intelligence (AI) initiatives and sees a resurgence in its cloud computing division, Amazon Web Services (AWS). The eCommerce giant’s net sales increased 13% year-over-year to $143.3 billion, while operating income jumped to $15.3 billion from $4.8 billion in the …
Business solutions and services company Conduent launched an artificial intelligence-focused agreement with Microsoft. The partnership, announced in a Monday (April 29) press release, will begin by exploring generative AI use for healthcare claims management, customer service and fraud detection. “Generative AI has the power to transform how businesses and organizations operate — serving as a force-multiplier to improve efficiencies and …
Small businesses with big ambitions are turning to artificial intelligence (AI) to drive growth. That’s because, with 2024’s National Small Business Week already on day two, the ways in which embracing next-generation innovations can help their businesses drive competitiveness, become more efficient and make better decisions is top of mind for America’s 33 million small businesses. While …
Spotting AI Washing: How Companies Overhype Artificial Intelligence Adobe Stock Although I firmly believe AI is a hugely transformative technology that will change the world in many ways, it’s also clear that there is a lot of hype and hot air around the subject! It’s something that inevitably occurs with any exciting technology, particularly when …
Nvidia plans to acquire Israeli startup Run:ai, a Kubernetes-based workload management and orchestration software provider. The chipmaker said in a Wednesday (April 24) blog post that it has entered into a definitive agreement to acquire Run:ai, adding that the deal will help customers make more efficient use of their artificial intelligence (AI) computing resources. “Run:ai enables enterprise customers to …
There was nothing electric about electric vehicle (EV) maker Tesla’s latest financial results. The company reported its first quarter 2024 earnings results Tuesday (April 23), disclosing a 55% drop in profits when compared to the same period last year. “We experienced numerous challenges in Q1, from the Red Sea conflict and the arson attack at Gigafactory …
Verafin has added an artificial intelligence (AI) copilot to its suite of financial crime management solutions. The new Entity Research Copilot is being rolled out to the firm’s customer base of more than 2,500 financial institutions, the Nasdaq company said in a Monday (April 22) press release. “As financial crime continues to evolve, we remain committed to empowering institutions …