Even if it doesn’t replace lawyers en masse | Business.
Category: business – Page 54
Summary.
What will artificial intelligence do to industries and jobs? For a preview, look to the finance industry which has been incorporating data and algorithms for a long time, and which is always a canary in the coal mine for new technology. The experience of finance suggests that AI will transform some industries (sometimes very quickly) and that it will especially benefit larger players. But it may not leave the overall system better off.
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The sector is a test case for how new technology will play out.
On any given day, Dallas motorists traveling along I-20 or I-45 are likely to be sharing the road with a self-driving truck that has the equivalent of a learner’s permit.
Why it matters: Dallas is the hub of autonomous truck testing and development, thanks to its vital freight corridors, business-friendly policies and generally favorable weather.
Collaboration yields new solutions that tackle complex challenges in defense and aerospace sectors
Companies to showcase live demonstration of quantum-hybrid application at Space & Missile Defense Symposium
BURNABY, British Columbia, PALO ALTO, Calif. & HUNTSVILLE, Ala., August 7, 2023 —(BUSINESS WIRE)— D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services, and Davidson Technologies, Inc., a technology services company that provides innovative engineering, technical and management solutions for the Department of Defense, aerospace and commercial customers, today announced progress in their collaboration to create solutions that advance national defense efforts. In support of the companies’ joint presence at this week’s Space and Missile Defense Symposium, D-Wave and Davidson Technologies revealed that together they have built two applications, focused on interceptor assignment and optimized radar scheduling.
Will they replace human cosmetics workers?
A report by CBS News.
The article outlined several AI firms that have entered the industry and shared their point of view on its progress.
A report by CBS News published on Tuesday highlighted how the global market for artificial intelligence (AI) in beauty and cosmetics is currently a multi-billion-dollar business that sees machines undertake tasks once reserved only for humans.
It turns out robots have a ‘U-shaped’ effect on profits.
Researchers from the University of Cambridge have found that investment in robots can cause a firm’s profits to first decline before rising again, resulting in a so-called ‘U-shaped’ effect on profits.
This is according to a report by TechXplore published on Thursday.
The study was based on industry data from the UK and 24 other European countries between 1995 and 2017. The research found that low levels of adoptions coincided with negative profit margins however higher levels led to successful profits.
Automation is taking hold at more companies, and businesses building the robots are looking for workers.
The crushing demand for AI has also revealed the limits of the global supply chain for powerful chips used to develop and field AI models.
The continuing chip crunch has affected businesses large and small, including some of the AI industry’s leading platforms and may not meaningfully improve for at least a year or more, according to industry analysts.
The latest sign of a potentially extended shortage in AI chips came in Microsoft’s annual report recently. The report identifies, for the first time, the availability of graphics processing units (GPUs) as a possible risk factor for investors.
For a company the size of Amazon, it takes a lot to move the needle. It’s hard to enter new businesses that have enough upside to make a material difference. Advertising is one of them. With its recent change to break out results for its advertising business, Amazon is signaling it’s all in on staking its claim to as much of the market as it can.
That market is growing, but Amazon’s business is growing much faster. That means it’s taking share away from its competitors. Amazon is already the third-largest advertising platform. I wouldn’t bet against it someday soon becoming the biggest.
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