Our Scans · (ZY.4.04) Cognitive Science · Weekly Summary

• [New] Gen AI could lift productivity by 3% to 5% across the banking sector, delivering value equal to an additional US$ 200 billion to US$ 340 billion in annual revenues. Fintech Singapore
• [New] The introduction of gen AI presents new risks, requiring financial institutions to embrace a new approach to risk management and controls. Fintech Singapore
• [New] Generative artificial intelligence, also known as gen AI, is expected to significantly impact risk management over the next five years, allowing financial institutions to automate tasks, accelerate processes and improve efficiencies. Fintech Singapore
• [New] Despite ethical concerns and data security risks, the future of AI promises significant advancements in every field, creating new opportunities and challenges. India Today
• [New] Spectacular energy-efficiency gains could transform data centers and other high-performance computing environments, leading to a reduction in the global carbon footprint associated with AI processing. elblog.pl
• [New] Widespread adoption of artificial intelligence and machine learning technologies in recent years has provided threat actors with sophisticated new tools to perpetrate attacks. Islamabad Post
• [New] Artificial intelligence has changed the world of health care, where it has created opportunities for different diagnoses, patient care and clinical judgement. The Badger Herald
• [New] The UK will continue to work closely with international governments, AI AI companies and civil society, to ensure people across the globe can safely realise the transformative benefits of AI AI to unlock new opportunities, transform productivity and public services, and power economic growth. GOV.UK
• [New] PwC will build new solutions and industry use cases that help enhance how global organizations function and accelerate time-to-value from AI investments, leveraging the power of Google Cloud's AI-optimized infrastructure and Gemini models. Google Cloud Press Corner
• [New] Another AI enterprise, the Earth Species Project, hopes to create dialog with other species and build chatbots that could translate human language into hummingbird or humpback. Reasons to be Cheerful
• [New] AI models are insatiable in their thirst for power, and by 2030 AI data centers alone could eat up as much as 25% of all U.S. power. Cheddar
• [New] The federal government continues to take a cautious look at the potential of artificial intelligence; most AI projects remain in the planning phases. Technology Solutions That Drive Government
• [New] AI has the potential to disrupt Ikea's finely tuned culture as fears grow that the technology could make some roles redundant. Raconteur
• [New] Artificial intelligence has the opportunity to transform the way procurement leaders work, streamlining processes and leading to more advanced decision-making. Supply Chain 24/7
• [New] Phase Three / SCALE: In 2025, Genius City Singapore will launch its full suite of AI Peer Intelligence tools and Sovereign AI Cloud, for the growing ecosystem of AI enabled leaders and organizations to manage their data and share their expertise. Genius Group Limited
• [New] IBM Storage Defender leverages AI and event monitoring across multiple storage platforms through a single pane of glass to help protect organizations' data layer from risks like ransomware, human error, and sabotage. MarketScreener
• [New] AI could be as transformative as the Internet or electricity and Elon Musk said that AI would be smarter than the smartest humans in 2025. Forbes
• [New] People in the UK are generally pessimistic about the potential impact of AI on journalism - but are more open to it when given examples of specific tasks it could be used for. Press Gazette
• [New] Yougov data shows Britons thinks AI will do more bad than good to journalism - but accept its use for many specific tasks. Press Gazette
• Yum China began exploring the use of generative artificial intelligence in its digital-enabled Food Safety Risk Assessment and Early Warning System, enabling multidimensional assessment of potential food safety risks across the entire operation. Market Wire News

Last updated: 19 April 2024