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Gen AI for Business Newsletter Edition # 35

  • Google and Microsoft are among the companies dominating headlines this week with leading edge tool, focused on AI and ML technology, email summaries, voicemail transcription, virtual try-ons, AI-generated quizzes, and creative tools such as Magic Eraser and Pixel Studio, enhancing learning, planning, and visual experiences.
  • According to surveys, AI features are a low priority for smartphone owners, with 61% prioritizing privacy concerns deterring adoption despite Gen Z and Millennial enthusiasm.
  • Generative AI is outpacing the internet and PCs, with 28% of workers using AI at their jobs, transforming sectors like telecom and finance with promising operational improvements.
  • Kerry Sheehan, a leading figure in AI regulation for the UK, advocates for continuous learning and collaboration, and encouraging women in AI to support inclusion and representation through networking, coaching, and active participation in AI development.
  • NVIDIA is opening its first AI-focused R&D center in Vietnam, leveraging local STEM talent to drive innovation across industries while collaborating with over 100 startups and universities.
  • Capital One’s survey reveals a disconnect between executives’ belief in AI readiness and IT struggles with data quality, emphasizing the need for clean data and use-case-driven approaches to align AI goals effectively.
  • NYC leverages AI for cybersecurity, filtering billions of events into actionable insights, while enhancing public services with transparent municipal AI strategies; in HR, companies like Walmart and Siemens use generative AI for personalized training, automated recruitment, and predictive insights to improve employee and customer experiences.
  • Gartner predicts AI will handle 15% of daily decisions by 2028, while Deloitte reports AI is revolutionizing IT by automating coding, modernizing infrastructure, and reshaping IT into an enabling function, despite talent shortages and cybersecurity risks.
  • Google Cloud’s generative AI tools enable businesses to enhance productivity and creativity with no-code options like Vertex AI, while researchers are leveraging LLMs to reduce stigma in substance use discourse through empathetic language suggestions.
  • OpenAI’s new features, Canvas and Projects, streamline collaboration and organization, offering seamless spaces for refining tasks and managing projects efficiently.

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