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A group of McKinsey’s technology practice leaders have taken a look at what 2023 might hold, and offer a few new year’s tech resolutions to consider: 1) Look for combinatorial trends, in which the sum impact of new technologies create new opportunities. 2) Prep boards for tipping point technologies. 3) Relieve the bureaucratic burden on your engineers to increase their productivity. 4) Look for new opportunities in the cloud. 5) Take advantage of how the cloud is changing security. 6) Take advantage of decentralized AI capabilities — and what this technology might mean for your business model.

Page-utils class= article-utils—vertical hide-for-print data-js-target= page-utils data-id= tag: blogs.harvardbusiness.org, 2007/03/31:999.346784 data-title= Where Is Tech Going in 2023? data-url=/2023/01/where-is-tech-going-in-2023 data-topic= AI and machine learning data-authors= Aamer Baig; Jan Shelly Brown; William Forrest; Vinayak HV; Klemens Hjartar; Lareina Yee data-content-type= Digital Article data-content-image=/resources/images/article_assets/2023/01/Jan23_06_1405011898-383x215.jpg data-summary=

Six trends that will define the next year, according to McKinsey experts.

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Musk also teased that new products are under development, which presumably could be a new car model. Wall Street analysts expect a lower-cost EV that they have dubbed the “Model 2.”

“I should also say that we have other products in development. We’re not going to announce them obviously but they’re very exciting and I think we’ll blow people’s minds when we reveal them,” Musk said.

Other areas of growth for the company include Tesla insurance, which is currently at an annual premium run rate of $300 million. “We’re growing 20% a quarter so it’s growing faster than the growth in our vehicle business,” CFO Zachary Kirkhorn said.

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Amazon employees are quickly discovering ChatGPT’s vast potential as a work assistant.

ChatGPT, the eerily intelligent chatbot that blew up since its November release, has been used in a number of different job functions at Amazon, according to internal Slack messages obtained by Insider. That includes answering job interview questions, writing software code, and creating training documents, as Insider previously reported.

One employee said in the Slack channel that the Amazon Web Services cloud unit has created a small working group to better understand AI’s impact on its business. Through testing, this team found ChatGPT does a “very good job” at answering AWS customer support questions, as most answers are based on public information. The AI tool was also “great” at creating training documents and “very strong” in corporate strategy questions.

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The research is a huge milestone towards fusion energy that can power millions of homes and businesses with a carbon-neutral energy source.

Researchers at the Lawrence Livermore National Laboratory announced that they observed a net gain in nuclear fusion energy for the very first time at the end of 2022. The research is a huge milestone towards fusion energy that can power millions of homes and businesses with a carbon-neutral energy source. However, converting this achievement into a practical nuclear energy source requires innovative technologies to bring fusion-powered society to life.

PNNL

Jacob Haag, the first author of the research, said this is the first study on such material interfaces at too-small length scales. He added they also revealed some fundamental mechanisms that govern the toughness and durability of materials.

Continue reading “Metal alloys may support nuclear fusion energy” | >

Stanislav Palamar/iStock.

If the proposed legislation is successful, Arizona will become the first state in the United States to officially recognize Bitcoin as a legal currency. This would have significant implications for the use and acceptance of bitcoin within the state. Not only would individuals and businesses be able to use bitcoin to pay debts, taxes, and other financial obligations, but state agencies would also be able to accept it as payment.

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Didn’t they just have record-breaking profits?

There’s an eerie similarity to the statements tech companies have made about their recent layoffs. Mainly, if the press releases are to be believed, the C-suite of every Big Tech company on Earth — well, with the notable exception of Apple, which has not announced layoffs — figured no one would ever go outside or spend money offline again after the pandemic and their various online businesses would stay just as big as they were during the heights of covid.

I do love a heavily lawyered statement that was clearly written by the public relations department! In fact, these are all so similar that they might as well have come from the same PR person… More.

All of these statements sound suspiciously similar.

Continue reading “Why are so many tech companies laying people off right now?” | >

Theories on how to build a space elevator have been around for decades. Scientists say not only would such technology change humanity, but that we could have built one by now.

#Space #Science #Technology.

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Continue reading “Space Elevators Are Getting Closer to Reality” | >

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