Author: Advanced AI Editor
Meta CEO Mark Zuckerberg announced a major overhaul of Meta’s AI efforts in a memo to staff on Monday, including a clutch of significant hires from rival AI companies.The restructuring comes after Meta has struggled in recent months to stay at the cutting edge of AI. Zuckerberg has largely staked Meta’s future on the rapidly-evolving technology, saying the company will spend between $64 billion and $72 billion building out data centers to handle AI workloads this year. This is up from just $28 billion in annual capital spending in 2023.Zuckerberg’s announcement signals a major strategic shift and aggressive investment in…
This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Over three-quarters of retail leaders say that innovation requires analytics and AI, but fewer than one-third believe their current capabilities in those technical areas give them a competitive advantage, according to May research from EY. Over half of retailers say AI, data and analytics are a top priority, according to the survey of 500 consumer products and retail executives, 20,000 consumers and almost 200 CEO’s. Three-quarters of consumer product leaders report relying more on AI and analytics to…
This story was originally published on Construction Dive. To receive daily news and insights, subscribe to our free daily Construction Dive newsletter. Since artificial intelligence, especially generative AI, has become widely available, the tech has dominated headlines as businesses and workers alike seek answers and best practices. Construction companies have been bombarded with pitches from companies offering AI-supported products, especially in the area of jobsite safety. “I think what the biggest challenge that our contractors are facing is they’re … frustrated because it’s coming at them so fast,” Greg Sizemore, vice president of workforce development, safety, health and environment for…
In late May, Anthropic CEO Dario Amodei appeared to kick open the door on a sensitive topic, warning that half of entry-level jobs could vanish within five years because of AI and push U.S. unemployment up to 20%. But Amodei is far from alone in sharing aloud that he foresees a workforce bloodbath. A new WSJ story highlights how other CEOs are also issuing dire predictions about AI’s job impact, turning employment doom into something of a competitive sport. Several of these predictions came before Amodei’s comments. For example, at JPMorgan’s annual investor day earlier in May, its consumer banking…
AUSTIN, TEXAS – MARCH 14: Nikola Todorovic speaks onstage at “Featured Session: Understanding the Role of AI in Reshaping the Film & Television Industry” during the 2023 SXSW Conference and Festivals at Austin Convention Center on March 14, 2023 in Austin, Texas. (Photo by Diego Donamaria/Getty Images for SXSW) | Image Credits:Diego Donamaria / Getty Images TechCrunch Disrupt 2025 is back at Moscone West in San Francisco from October 27–29, bringing together 10,000+ startup and VC leaders to dig into what’s next in tech. And when it comes to artificial intelligence, the conversations aren’t just technical — they’re creative, cinematic,…
Salesforce CEO Marc Benioff said in a recent interview that AI now does up to 50% of all work at the company, in key functions like engineering, coding, and customer support. In May, Microsoft CEO Satya Nadella said 20% to 30% of the tech giant’s code is now written by AI coding assistants. And in April, Google CEO Sundar Pichai said over 30% of code at Google is now generated by AI. It’s the latest CEO flex: Citing numbers showing that AI is doing heavy lifting internally. The move presents the company as being ahead of the AI curve—–and invariably…
BBVA is expanding its AI offerings to its employees after the bank determined employees who used artificial intelligence saved hours of time on their work. The Spanish bank announced a partnership with Google Cloud to offer Google’s AI assistant Gemini to all employees on Wednesday. The partnership grants BBVA employees access to the standalone gen-AI powered Gemini app, Google Workspace with Gemini and Google’s AI-powered research assistant NotebookLM. This partnership is the second time BBVA has introduced generative AI tools to its workforce. A year ago, BBVA signed up for 3,300 ChatGPT Enterprise licenses through a partnership with OpenAI. As…
In an ever-changing geo-political and economic climate, the key to business success appears to be the ability to adapt. Add into that the fast-paced world of tech and AI, and if you’re not ready for change, you’ll get left behind. “AI is [such] an evolving ecosystem that companies are thinking through introducing a level of agility in their decision-making to give them the capacity to take on what AI is going to bring our way over the next while, without really, completely knowing what the answer is,” Jad Shimaly, global managing partner of client service at EY, told Euronews. But…
(Bloomberg) — President Donald Trump’s administration plans to restrict shipments of AI chips from the likes of Nvidia Corp. to Malaysia and Thailand, part of an effort to crack down on suspected semiconductor smuggling into China. Most Read from Bloomberg Invest in Gold Powered by Money.com – Yahoo may earn commission from the links above. A draft rule from the Commerce Department seeks to prevent China — to which the US has effectively banned sales of Nvidia’s advanced AI processors — from obtaining those components through intermediaries in the two Southeast Asian nations, according to people familiar with the matter.…
Nearly every day, another business luminary makes a gloomy prediction about job security in the AI era. Well-known venture capitalist Vinod Khosla recently said artificial intelligence could wipe out 80% of all jobs by 2030 while Amazon CEO Andy Jassy warned about likely job cuts at the retail giant due to automation. And yet, amid all the pessimism, one tiny group of humans has become extraordinarily valuable: Those creating AI. Many tech companies are scrambling to hire top-notch AI leaders and researchers, using multi-million dollar paychecks to entice them. The latest example of how essential some humans are in the…