Disruptive Innovation Radar: AI - Complexities and Contradictions

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AI: The Next Transformation

Your guide to real-world application

Disruptive Innovation Radar: AI - Complexities and Contradictions

August 04, 2023 | Newsletters & Alerts

Welcome to your Disruptive Innovation Radar featuring the latest news, trends and insights from the world of Artificial Intelligence. From breakthrough research to emerging applications, this roundup covers it all in a concise, informative, and easily accessible format.

In this week's roundup

In a world increasingly driven by artificial intelligence, the rules of the game are rapidly changing. Europe is on the brink of a defining moment in AI regulation that could set a precedent for the rest of the globe. Meanwhile, generative AI is projected to generate a staggering US$450 billion in the enterprise market across 12 verticals over the next seven years, but it's not all smooth sailing. As the commercial challenges mount, the accelerated adoption of AI threatens to automate a whopping 30% of Americans' work hours, according to McKinsey. Dive into the complexities and contradictions of our AI-driven future.

Disruptive Innovation Radar

Accelerated adoption of AI could automate 30% of Americans’ work hours: McKinsey

Advances in artificial intelligence (AI) technology may reshape the U.S. workforce by the end of the decade as companies increasingly adopt AI tools to help automate tasks that consume nearly one-third of Americans’ workweeks, according to a new report.

www.foxnews.com

Generative AI will Create at Least US$450 Billion in the Enterprise Market Across 12 Verticals Over the Next 7 Years, But Sizeable Commercial Challenges Remain

Enterprises are in the very early stages of generative AI adoption, but long-term fragmentation could result if a strong corporate strategy is not put into place now LONDON, July 27, 2023 /PRNewswire/ -- The democratization and acceleration of generative Artificial Intelligence (AI) originated in the business-to-consumer (B2C) market with the release of popular applications like ChatGPT and Stable Diffusion. But the B2C market will barely scratch the surface of generative AI's potential economic value. Global technology intelligence firm ABI Research expects that generative AI will add more th...

www.prnewswire.com

What Europe's AI regulation moment will mean for the world

The European Union's AI regulation has some predicting a spate of Brussels copycats. Close, but not quite. At a historic UN Security Council meeting 11 days later, Secretary-General António Guterres agreed. So did nations and regulators.

www.hindustantimes.com

AI Could Help You Engineer a Circular Economy

Driven by government regulations, consumer demand, and the necessity of meeting climate and sustainability targets, societies and businesses have begun the transition toward a circular economy. In a circular economy, materials are continuously cycled back into reuse through recycling, refurbishment, and remanufacturing, creating a closed-loop system and minimizing waste. This is in contrast to the linear economy, in which resources are extracted, processed into products, used, and then discarded.

www.designnews.com

Your Guide to real-world Application

AI: The Next Transformation

Artificial intelligence (AI) has been quietly transforming the global economy, from optimizing manufacturing processes to shaping the content users see on the world's most popular platforms. The current rate of change has created a tipping point in leveraging data for reasoning, problem solving, and innovating for businesses. Using artificial intelligence can exponentially improve effectiveness and efficiency, but it can also bring risks in privacy, integrity, humanity, and the economy. Let The Conference Board provide trusted insights for what's ahead as it relates to this AI transformation and how to apply it to your business:

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HR bots are no match for this AI resume writer

Make all your job searches easier with a lifetime subscription to Resoume, the AI assistant resume writer, for just $29.97 (regularly $180).

www.cultofmac.com

AI tools could leave companies liable for anti-bias missteps

As lawmakers and others work to address privacy, security, and bias problems with generative artificial intelligence (AI), experts warned companies this week that their tech suppliers won’t be holding the bag when something goes wrong — they will.

www.computerworld.com

Artificial intelligence is powering politics – but it could also reboot democracy | Polly Curtis

“It’s just a tool, isn’t it?” condescends Paxman. “It’s an alien life form,” insists Bowie. “Is there life on Mars? Yes, and it’s just landed here.” The hysteria about killer robots risks masking the real societal impacts that industrial revolutions inevitably have, sifting winners and losers, and disrupting ways of living in more subtle and sometimes pernicious ways. But there is hope for democracy in the AI revolution – if we put the right guardrails around it.

www.theguardian.com

Meta rallies as AI-powered ad sales drive 'monster' forecast

Meta shares surged nearly 8 per cent on Thursday as a rosy revenue forecast showed that artificial intelligence was helping the social media giant boost engagement and ad sales even in an uncertain economy.

www.channelnewsasia.com

Google’s RT-2 AI model brings us one step closer to WALL-E

On Friday, Google DeepMind announced Robotic Transformer 2 (RT-2), a "first-of-its-kind" vision-language-action (VLA) model that uses data scraped from the Internet to enable better robotic control through plain language commands. The ultimate goal is to create general-purpose robots that can navigate human environments, similar to fictional robots like WALL-E or C-3PO.

arstechnica.com

Four ways organisations can evolve for disruption

Being resilient by design is critical for both survival and for strategic advantage in an era where disruption is the norm. From a pandemic, war and cost of living crisis to extreme weather events, supply chain challenges and cyber attacks, the threats we all face are more frequent and complex than ever before.

www.hospitalitynet.org

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