My AI Quest’s Post

🚀 UK AI Sector Study 2023: Key Insights 🚀 The UK government has released its latest AI Sector Study, highlighting the transformative potential of AI in driving economic growth and societal progress. Here are some key takeaways: Economic Impact: The UK AI sector comprises over 3,000 companies, generating more than £10 billion in revenues and contributing £5.8 billion in Gross Value Added (GVA). Employment: The sector employs over 60,000 people in AI-related roles. Innovation and Growth: AI advancements are crucial for innovation, enhancing digital infrastructure, and promoting sustainable development. Global Leadership: The UK aims to maintain its position as a global leader in AI, with a focus on fostering innovation, improving digital infrastructure, and ensuring the safe adoption of AI technologies. The study underscores the importance of AI in tackling major challenges, from climate change to healthcare, and outlines a strategic action plan to boost AI adoption across all sectors. Read the full report here. https://lnkd.in/gaJepAK5 #AI #Innovation #UKTech #EconomicGrowth #DigitalTransformation

Fascinating paper from IPPR if you are as interested in the economic impact as the technology of AI - "If generative AI was widely integrated across the economy, we estimate it could provide an economic boost of 13 per cent of GDP. At the other extreme, in our ‘full displacement’ scenario, 8 million jobs could be lost with no GDP gains" https://lnkd.in/ejmuD-rf

❏ 𝗔𝗿𝘁𝗶𝗳𝗶𝗰𝗶𝗮𝗹 𝗜𝗻𝘁𝗲𝗹𝗹𝗶𝗴𝗲𝗻𝗰𝗲 𝗜𝗻𝗱𝗲𝘅 𝗥𝗲𝗽𝗼𝗿𝘁 𝟮𝟬𝟮𝟰 (𝗦𝘁𝗮𝗻𝗳𝗼𝗿𝗱 𝗛𝗔𝗜) 🤖 Finally, Just out! 😉 𝗧𝗼𝗽 𝟭𝟬 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 1. AI beats humans on some tasks, but not on all. 2. Industry continues to dominate frontier AI research. 3. #Frontier #models get way more expensive. 💰 4. The #United #States leads #China, the #EU, and the U.K. as the leading source of top AI models. 5. Robust and standardized evaluations for #LLM responsibility are seriously lacking. 6. #Generative AI investment skyrockets. 🚀 7. The data is in: AI makes workers more productive and leads to higher quality work. 8. Scientific progress accelerates even further, thanks to AI. 9. The number of AI regulations in the United States sharply increases. 10. People across the globe are more cognizant of AI’s potential impact—and more nervous. (PDF, 502 pages) https://lnkd.in/gHQ7DFnT (Web Intro) https://lnkd.in/gSJG8EVc - Contents - Chapter 1: Research and Development ⇢ https://lnkd.in/gz2RVyb5 Chapter 2: Technical Performance ⇢ https://lnkd.in/gSkqSSNK Chapter 3: Responsible AI ⇢ https://lnkd.in/g5bK3sH6 Chapter 4: Economy ⇢ https://lnkd.in/gK93zXqR Chapter 5: Science and Medicine ⇢ https://lnkd.in/gMRGyUE6 Chapter 6: Education ⇢ https://lnkd.in/g6cYqva4 Chapter 7: Policy and Governance ⇢ https://lnkd.in/gYd8NzKs Chapter 8: Diversity ⇢ https://lnkd.in/gufMbT8Z Chapter 9: Public Opinion ⇢ https://lnkd.in/gEZ53qfa #Stanford #AI #Index #HAI #human #centered #AITrend #TechTrends #GenAI #GenerativeAI

Top 10 takeaways from the Stanford Institute for Human-Centered Artificial Intelligence (HAI)'s #ai Index Report 2024. Strangely (at least for me), the environmental impact is not part of the takeaways, although the chapter on it (2.13 Environmental Impact of AI Systems) is very interesting. Just consider this figure below illustrating CO2 equivalent emissions. 1. AI beats humans on some tasks, but not on all. 2. #industry continues to dominate frontier AI research. 3. Frontier models get way more expensive. 4. The United States leads China, the EU, and the U.K. as the leading source of top AI models. 5. Robust and standardized evaluations for #llm responsibility are seriously lacking.  6. #generativeai investment skyrockets. 7. The data is in: AI makes workers more productive and leads to higher quality work. 8. #scientificprogress accelerates even further, thanks to AI. 9. The number of #airegulations in the United States sharply increases. 10. People across the globe are more cognizant of AI’s potential impact—and more nervous. Report link in the first comment.

AI could contribute up to $15.7 trillion to the global economy by 2030 and is set to affect almost 40% of jobs worldwide. How is AI reshaping critical industries across the globe? Blue Yonder's Ann Marie Jonkman, PMP will speak on "Leveraging the Economic Potential of AI" at the Toronto Global Forum on Oct. 16 at 11 a.m. ET. Watch the session live on #TGF online via www.IEFA.tv International Economic Forum of the Americas #TFG #AI #SupplyChain

AI has come to the Nobels! Daron Acemoglu received the Nobel in Economics for explaining the reasons of wealth inequality between countries. He has been very vocal about the role of AI and GenAI in this respect. Here is my 8 takeaways from Daron's studies on AI: -There's a lot of hype around AI, but getting the promised value will likely be more challenging than initially thought -Despite the hype, AI is already delivering significant benefits, and we can expect even more over time -AI, and Generative AI in particular, will transform businesses, industries, and even the way countries operate -Many companies are rushing to automate manual work, but this could lead to serious economic challenges and deepening inequality -A wiser approach would be to use AI to enhance human decision-making, allowing for smarter, faster choices and opening up new sectors of innovation—rather than simply automating jobs -US tech giants may be leading the change now, but developing countries and businesses still have a crucial role. Their choices will define whether AI drives positive or negative outcomes for society -Regulators must take a proactive and holistic approach, moving from reactive, penalty-based policies to incentive-driven frameworks that encourage responsible AI use -Policymakers should rethink education to equip future generations with the skills they need to thrive in an AI-driven world, fostering a culture of collaboration and innovation. #AI #GenerativeAI #Innovation #FutureOfWork

"What is encouraging to see is that the trend is clear: #AI is something everyone will be investing in at some level. Over 50% of the respondents report #investing from €0.5 million to €10 million during the next 12 months. There is a good reason for these investments. According to studies by PwC, AI will contribute more than $15 trillion to the global economy by 2030 and global GDP may increase by as much as 14% by the same time."   Special thanks once again to Silo AI for their annual Nordic State of AI report, offering comprehensive insights that guide informed decision-making. And indeed, it also highlights the rapid ascent of #GenAI. #ArtificialIntelligence #InvestmentInAI #NordicStateOfAI #GenerativeAI #AICompliance #AIOversight #AI2023 #AIAdaptation #AITrends

Artificial Intelligence Doing More with Less, at Scale - the Exponential Age Yesterday, at the LaingBuisson Private Health Summit in London, I had the privilege of presenting on the transformative power of artificial intelligence (AI) in our rapidly evolving world. The presentation, titled "Artificial Intelligence: Doing More with Less, at Scale - the Exponential Age," highlighted the dual nature of our current era—marked by both unprecedented challenges and immense potential. The battlelines are drawn! We are at the cusp of the Exponential Age, where AI's capabilities are expanding exponentially, driven by increasing compute power. This growth opens new avenues for creativity and innovation. However, this progress also brings disruption. Like the impact of all technological introductions of the past, traditional jobs will certainly be displaced; but this 'creative disruption' also will unveil opportunities for new roles and industries that we have yet to imagine. 3 Point Summary - 1/. The Ascendancy of AI - AI's growth will continue to accelerate, unlocking new creative possibilities and transforming industries. 2/. The Disruption of the Old Guard - as with past technological revolutions, AI will disrupt existing job markets, but it will also create new opportunities. 3/. Ethical AI Development - to ensure AI benefits society equitably, its development must prioritise fairness, accountability, and the elimination of biases. Let us embrace the Exponential Age with courage and vision, ready to transform challenges into opportunities and shape a future where AI empowers us to achieve significant growth. #AI #ArtificalIntelligence #Healthcare LaingBuisson Events #DigitalTransformation #Disruption #CreativeDestruction #PrivateAcute #PrivateHealth

**Introducing CSA Research LSP GenAI Program** If you are feeling overwhelmed and worried by rapid changes and pundits’ hype, the GenAI program is designed for you. This special program for small LSPs includes: - GenAI Research Database: Access the most comprehensive GenAI research. For the current 30+ reports, visit: https://lnkd.in/e6Eu5mWf - Monthly Analysts’ Sessions: Interactive sessions with our expert, Dr. Arle Lommel. Upcoming dates: August 22, September 19, October 16, November 20, December 11. - Monthly Reports: Receive a new report each month. - Unlimited Inquiry Service: Get specific answers to your GenAI-related questions and concerns. AI and GenAI are transforming how businesses operate. To stay competitive, you need a clear strategy that addresses the critical question, “What should I do now?” Fill out the form at https://lnkd.in/eQpXeFZx , and we will contact you shortly to evaluate how the GenAI Special Program will help you survive and thrive in the Post-Localization Era. #AI #GenAI #Research #Innovation #AIstrategy #CSAResearch #GlobalEnterprises

#AI has the potential to double the UK’s economic output in the next 20 years – surpassing current growth projections. AI-powered scientific discovery has the potential to double economic output in the next 20 years, surpassing current growth projections To kick-start growth and boost the economy, the UK government must embrace the full potential of AI. Learn more about how AI will accelerate the future from Jeegar Kakkad, Eleni Arzoglou and Henry Li: https://bit.ly/49bSpF2 #growth #economy #industry #economicprosperity