Newsletter: Signs of the Tech Revolution #16
Are AI startups using copyrighted content without permission? Why is there a talent gap in the chip industry? What are benefits of upskilling?
Let's dive into this week's Signs of the Tech Revolution.
In this newsletter:
- NYT vs Perplexity
- Intel and AMD: unlikely alliance
- Anyone can turn you into an AI chatbot
- Google's and Amazon’s nuclear ambitions
- Trillion-Dollar industry faces talent shortage
- EU AI Act checker reveals big tech's compliance pitfalls
- 1,250 legacy apps retired resulting in 2% reduction in expenses
- and more...
News #1: NYT vs Perplexity: Battle Over Content Rights
The New York Times is taking a stand against AI startups using its content without permission. They've sent a cease-and-desist letter to Perplexity, an AI search startup backed by Jeff Bezos, demanding they stop using Times content in their AI-generated summaries.
The tension in the media world keeps on growing. While AI offers exciting possibilities for content creation and analysis, it also poses risks to publishers' revenue models.
Balancing innovation with fair compensation for content creators is becoming more and more difficult.
Some publishers are striking deals with AI companies, but others are drawing a line in the sand. As AI reshapes search, we're all navigating a new landscape of digital rights and responsibilities.
News #2: Trillion-Dollar Chip Industry Faces Talent Crunch
The chip industry's talent crunch is real. As it races towards $1 trillion in revenue by 2030, it’s facing a perfect storm: an aging workforce, fierce competition for AI skills, and a global shortage of semiconductor talent.
But this challenge is also an opportunity.
Smart companies are rethinking their talent strategies, from pipeline development to retention. They're tapping into diverse talent pools, investing in upskilling, and leveraging AI for workforce planning.
The secret sauce seems to be collaboration. Industry-wide partnerships with educational institutions and trade organizations are key to building a sustainable talent ecosystem.
News #3: CIOs' Secret Weapon: Upskilling
CIOs face an urgent need to adapt their workforces due to evolving AI-driven technologies. With new technology come new challenges. This means today’s leaders have to create a workforce ready to tackle tomorrow's problems.
IT leaders have to invest in reskilling and upskilling programs as soon as possible to maintain their position. Consistent learning and adaptability are the keys to thriving in an AI-dominated future.
News #4: Citi's Tech Overhaul Pays Off
Citi's tech transformation is paying off, and it's a lesson for all in the financial sector. They've retired over 1,250 legacy applications since 2022, streamlined cloud migrations, and are seeing real returns on their modernization investments.
This strategy wasn't just about cutting costs. It was about fixing compliance issues, improving data quality, and setting the stage for future innovation. Citi's CEO, Jane Fraser, calls it their "number one priority" - and for good reason.
The results? A 2% reduction in expenses and improved efficiency across the board. But it's not all smooth sailing. Regulatory pressures are still high, and the banking industry as a whole is grappling with data overload and technical debt.
Among the wins cited by Citi in Q3 were a reduction in data center costs achieved by migrating workloads to private cloud. The company also streamlined public cloud onboarding processes, reducing application migration time “from over seven weeks to two weeks,”
Other News
- Google on Trial: Antitrust Verdict Predictions - Read more
- Amazon's $500M Bet on Mini Nuclear Reactors - Read more
- Intel and AMD: Unlikely Alliance in x86 Evolution - Read more
- IT Burnout Looms: More Resignations on Horizon - Read more
- 71% of women in IT work long hours to climb ladder - Read more
- EU AI Act Checker Reveals Big Tech's Compliance Pitfalls - Read more
- Anthropic Strengthens AI Safeguards: New Risk Framework - Read more
- AI Chatbot Clones: Anyone Can Turn You Into an AI Chatbot - Read more
- Google's Nuclear Ambitions: Powering AI's Insatiable Appetite - Read more
- Wikipedia vs AI: How the platform is holding ground against AI competitors - Read more
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