Global economy sluggish in Q2
The global economic expansion decelerated at the end of the second quarter as a renewed contraction in manufacturing output was accompanied by the slowest growth of service sector activity growing for four months. While services outperformed manufacturing in all 12 major developed and emerging economies, India was the only exception and continued to lead the global growth rankings in June.
In Demand: Tech Talent
The demand for skilled technology professionals continues to soar. While there were several layoffs in the industry earlier this year, the majority of tech workers have already found new employment, with many remaining in tech and expressing satisfaction with their new roles. However, this also presents a unique opportunity for companies outside tech to tap into this talent pool and bolster their innovation and digital transformation efforts.
India’s Internet Economy
The flourishing internet economy in India presents a compelling opportunity for businesses to capitalise on. Leveraging digital technologies has become critical for streamlining the operating model and driving growth.India’s journey is a compelling narrative of rapid growth, digital maturity, and persistent innovation. India has stepped into its ‘Digital Decade’, primed to become a $1-trillion internet economy by 2030, albeit interspersed with unique challenges.
‘The Curse’ of Large Language Models – Part II
What happens when Generative Artificial Intelligencebegins to train themselves on content/data generated by their other Generative AI models? Researchers found that it triggered a ‘model collapse’, a degenerative process where generated data ends up polluting the training set of the next generation of models. As AI begins to dominate the content landscape, the value of real human interaction data will skyrocket – presenting a unique challenge for the future of AI development.
Marketing Strategies in a Low-Budget Scenario
As the global economy slows and fiscal constraints become more prevalent, an organisation’s capacity to manoeuvre resources effectively and judiciously becomes more important than ever before. With a limited marketing budget, every pound spent must be carefully planned to ensure it provides the maximum possible return on investment.
Meta opens up its data, content library
As regulators across the world get tough on how Big Tech is gathering our personal data and using it, companies are trying to be proactive in sharing what they do with our data before things become too hot.Facebook’s parent company Meta has announced that it will start rolling out a new suite of tools for researchers: Meta Content Library and API.Meta is striving to build a more open and accountable digital ecosystem and is trying to act in a way that shows a readiness to act for responsible advancement of technology.
The Veil of Ignorance in AI Making Ethical Choices
As artificial intelligence (AI) becomes more deeply integrated into our lives, the ethical questions surrounding its use and deployment are becoming increasingly important. Who decides how AI is used? What values guide its behaviour? And how are these values selected?There is no consensus yet on a single set of human values or preferences to govern AI.
AI cannot get smarter unless it senses the world
Despite the worldwide buzz about artificial intelligence (AI) systems soon outwitting humans and taking control, a new research conducted by scholars at the University of Sheffield concludes that as long as AI systems continue to be trained in the current modeland designed using current architecture, it is highly unlikely that they will ever develop human-like cognition.
Botnet attacks emerge as key force
According to Kaspersky, botnets are networks of hijacked computer devices used to carry out various scams and cyberattacks. Bots, currently make up 47% of all internet traffic, while human beings account for just over half.Bad bots, programmed to make things fail or work in favour of bad actors, are causing more harm than ever before.With active devices no longer limited to specific geographies like Eastern Europe and Asia as in the past, botnet attacks emerge as key force behind global DDoS attacks.
China’s Generative AI
Transformative generative AI technology holds the potential to revolutionise various sectors by enabling machines to create and generate content autonomously. However, the rapid progress of generative AI also poses ethical and regulatory challenges. In a recent report published by the MIT Technology Review, the focus is on China’s approach to regulating generative AI, striking a delicate balance between fostering innovation and ensuring responsible and ethical development.