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Oct 4, 2024 · Generative AI is transforming sectors like education, healthcare, manufacturing and the media. Responsible governance is vital to achieve equitable impact. Here are the latest insights on genAI from the World Economic Forum. Generative AI is drawing ever wider circles across science, industry, public services and our daily lives.
Generative AI: An Introduction. Generative AI refers to a category of artificial intelligence (AI) algorithms that generate new outputs based on the data they have been trained on. Unlike traditional AI systems that are designed to recognize patterns and make predictions, generative AI creates new content in the form of images, text, audio, and ...
Sep 27, 2023 · The World Economic Forum and AI Commons have similar goals with their 30 action-oriented recommendations outlined in the Presidio Recommendations on Responsible Generative AI. These guidelines – the result of 100 thought leaders and practitioners coming together at a global summit in April 2023 – are centred around three key themes: responsible development of the technology, international ...
Jul 24, 2024 · These 5 cities are making innovative use of generative AI. Following a government initiative launched last year, Singapore has come up with more than 100 generative AI solutions. This article was first published in May 2024 and updated in July 2024. While smart cities already harness artificial intelligence (AI), some urban centres now ...
Apr 26, 2024 · While overall AI private investment decreased in 2023, funding for generative AI sharply increased. The sector attracted $25.2 billion last year, nearly nine times the investment of 2022 and about 30 times the amount in 2019. Generative AI accounted for over a quarter of all AI-related private investment in 2023.
Jul 22, 2024 · AI requires significant computing power, and generative AI systems might already use around 33 times more energy to complete a task than task-specific software would. As these systems gain traction and further develop, training and running the models will drive an exponential increase in the number of data centres needed globally – and associated energy use.
Feb 8, 2024 · In partnership with Oxford Economics, Cognizant analyzed the economic impact of generative AI in the US and forecasts this technology could add as much as $1 trillion to US gross domestic product and boost worker productivity by 10% and total factor productivity by 3.5% by 2032. Increasing the economic pie is broadly viewed as a key route to ...
May 4, 2023 · The jobs AI could create. The World Economic Forum's Future of Jobs Report 2023 says that AI and machine learning specialists, data analysts and scientists, and digital transformation specialists are the most prominent emerging roles. It predicts a 40% jump in the number of AI and machine learning specialists by 2027, a 30-35% rise in demand ...
May 22, 2024 · Generative AI can impact jobs by enhancing our creativity and productivity. As the World Economic Forum points out in its Top 10 Emerging Technologies of 2023 report, the generative AI models that have dominated the headlines over the past year or so are mainly focused on text, programming, images and sound.
Aug 31, 2023 · Generative AI is full of credible promise, but does it have the same “general purpose” application in the economy that the internet had? Perhaps one day it will, but likely with long lags. Consider the information and communications technology boom gathered pace (and critical mass) over a 30-year period (from the late 1960s) before its macroeconomic impact was visible.
