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Category: business – Page 56

The world’s largest democracy is poised to transform itself and the world, embracing AI on an enormous scale.

Speaking with the press Friday in Bengaluru, in the context of announcements from two of India’s largest conglomerates, Reliance Industries Limited and Tata Group, NVIDIA founder and CEO Jensen Huang detailed plans to bring AI technology and skills to address the world’s most populous nation’s greatest challenges.

“I think this is going to be one of the largest AI markets in the world,” said Huang, who was wrapping up a week of high-level meetings across the nation, including with Prime Minister Narendra Modi, leading AI researchers, top business leaders, members of the press and the country’s 4,000-some NVIDIA employees.

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NEW YORK—()— Paige, a technology disruptor in healthcare, has joined forces with Microsoft in the fight against cancer, making headway in their collaboration to transform cancer diagnosis and patient care by building the world’s largest image-based artificial intelligence (AI) models for digital pathology and oncology.

“Unleashing the power of AI is a game changer in advancing healthcare to improve lives.” Tweet this

Paige, a global leader in end-to-end digital pathology solutions and clinical AI, developed the first Large Foundation Model using over one billion images from half a million pathology slides across multiple cancer types. Paige is developing with Microsoft a new AI model that is orders-of-magnitude larger than any other image-based AI model existing today, configured with billions of parameters. This model assists in capturing the subtle complexities of cancer and serves as the cornerstone for the next generation of clinical applications and computational biomarkers that push the boundaries of oncology and pathology.

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Globalization is not dead, but it is changing. The United States and China are creating two separate spheres for technology, and artificial intelligence is on the front lines of this new “Digital Cold War.” If democracies want to succeed in this new era of “re-globalization” they will need to coordinate across governments and between the private and public sectors. AI is coming, whether we like it or not. We are at a fork in the road and all segments of society will need to pitch in to build AI systems that contribute to a just and democratic future where humans can thrive.

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Companies and countries need to prioritize collaboration and transformation over competition and disruption.

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China plans to broaden a ban on the use of iPhones in sensitive departments to state companies and government-backed agencies. Tom Mackenzie reports on Bloomberg Television.
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The pharmaceutical industry operates under one of the highest failure rates of any business sector. The success rate for drug candidates entering capital Phase 1 trials—the earliest type of clinical testing, which can take 6 to 7 years —is anywhere between 9% and 12%, depending on the year, with costs to bring a drug from discovery to market ranging from $1.5 billion to $2.5 billion, according to Science.

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Generative AI and other easy-to-use software tools can help employees with no coding background become adept programmers, or what the authors call citizen developers. By simply describing what they want in a prompt, citizen developers can collaborate with these tools to build entire applications—a process that until recently would have required advanced programming fluency.

Information technology has historically involved builders (IT professionals) and users (all other employees), with users being relatively powerless operators of the technology. That way of working often means IT professionals struggle to meet demand in a timely fashion, and communication problems arise among technical experts, business leaders, and application users.

Citizen development raises a critical question about the ultimate fate of IT organizations. How will they facilitate and safeguard the process without placing too many obstacles in its path? To reject its benefits is impractical, but to manage it carelessly may be worse. In this article the authors share a road map for successfully introducing citizen development to your employees.

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North Korea-linked hackers have stolen hundreds of millions of crypto to fund the regime’s nuclear weapons programs, research shows.

So far this year, from January to Aug. 18, North Korea-affiliated hackers stole $200 million worth of crypto — accounting for over 20% of all stolen crypto this year, according to blockchain intelligence firm TRM Labs.

“In recent years, there has been a marked rise in the size and scale of cyber attacks against cryptocurrency-related businesses by North Korea. This has coincided with an apparent acceleration in the country’s nuclear and ballistic missile programs,” said TRM Labs in a June discussion with North Korea experts.

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Huawei and China’s top chipmaker have built an advanced 7-nanometer processor to power its latest smartphone, a sign Beijing is making early progress in a nationwide push to circumvent US efforts to contain its ascent. Peter Elstrom reports on Bloomberg Television.
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Ensuring security in the software market is undeniably crucial, but it is important to strike a balance that avoids excessive government regulation and the burdens associated with government-mandated legal responsibility, also called a liability regime. While there’s no question the market is broken with regards to security, and intervention is necessary, there is a less intrusive approach that enables the market to find the right level of security while minimizing the need for heavy-handed government involvement.

Imposing a liability regime on software companies may go too far and create unintended consequences. The downsides of liability, such as increased costs, potential legal battles, and disincentives to innovation, can hinder the development of secure software without necessarily guaranteeing improved security outcomes. A liability regime could also burden smaller companies disproportionately and stifle the diversity and innovation present in the software industry.

Instead, a more effective approach involves influencing the software market through measures that encourage transparency and informed decision-making. By requiring companies to be fully transparent about their security practices, consumers and businesses can make informed choices based on their risk preferences. Transparency allows the market to drive the demand for secure software, enabling companies with robust security measures to potentially gain a competitive edge.

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