Newsletter: Signs of the Tech Revolution #33
Welcome to Signs of the Tech Revolution, where we gather the latest stories and share insights on current technological developments and their effects on the business world. This week, you’ll learn:
- The inspiring story of a father who used AI to investigate his son’s rare disease, leading to potential breakthroughs in treatment research;
- Why AI experts are questioning the current path to achieving human-like intelligence;
- Why, despite the increased use of AI in the workplace, many workers still feel unprepared;
- Where CIOs are dealing with increased spending on cloud while reporting cost savings;
- And more on the latest trends in AI, cloud computing, and the tech industry.
Let’s dive in.
News #1: AI Experts Question the Path to Human-Like Intelligence
The buzz around AI is real, but experts are pumping the brakes on the hype train. A recent report from top AI researchers suggests we might be chasing the wrong AI dream.
It turns out that achieving human-level intelligence (AGI) is trickier than expected, and scaling current AI isn’t the golden ticket. While AI models have come a long way – think ChatGPT’s rise – even the best systems still stumble on basic fact-checking.
The technology is here to stay, evolving from a hyped-up concept to a productivity tool. So, while AGI may be a distant goal, the real focus should be on building practical, trustworthy AI.
News #2: AI Training Lags Despite Increased Workplace Use
A recent survey reveals AI use at work jumped from 8% in 2023 to 35% by 2024. But over half of us feel unprepared to actually use it.
While AI is poised to shake up careers and demand new skills, 77% believe AI will impact their jobs in the next 3-5 years, and companies are lagging in training. Workers are calling for better AI education and the development of soft skills to bridge the gap.
Every revolution and new technology is a source of anxiety. We will have to go through it and adapt. Today, nobody knows what tomorrow will look like. Yes, we can learn how to leverage AI, but employees also have to understand how it works and when to use it.
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News #3: CIOs Face Cloud Cost Paradox: More Spend, More Savings
A recent report shows most companies are spending way more than planned on cloud infrastructure, with over 80% exceeding their cloud budget by an average of 30%.
However, despite the higher costs, businesses still see value and even report cost savings. As it turns out, the cloud’s agility and flexibility drive increased adoption, which in turn fuels more spending.
As one CEO put it, it’s like AI – the more efficient it gets, the more we use.
Still, there’s a limit. Some CEOs and boards are getting antsy about those rising cloud bills. So, companies are walking a tightrope: maximizing cloud benefits while keeping costs in check.
News #4: Father’s AI Research Unlocks New Treatment Ideas for Son’s Rare Disease
When Max, only 7 months old, began experiencing seizures, his parents, Thomas and Stephanie, received devastating news: Max had Alexander disease, a rare and life-limiting genetic condition with no cure. Refusing to accept this, Max’s father, Thomas, turned to Google’s Gemini AI to better understand the disease.
Using AI, he connected with researchers, highlighting similarities between Alexander disease and more common conditions like Alzheimer’s. This led to a promising collaboration with Dr. Pranam Chatterjee, who is researching a potential treatment.
Wagner’s efforts also secured funding for Chatterjee’s research, showcasing how a parent’s determination, amplified by AI, can influence the healthcare sector and drive significant progress in fighting rare diseases.
Other News
- Gen AI’s tidal wave of spending is coming - Read more
- Enterprises have high hopes on agentic AI’s ROI - Read more
- American companies in India’s campus hiring rush - Read more
- AI coding tools raise expectations for developer output - Read more
- Where did all the humans go job hunting in the age of AI - Read more
- Open Source code sharing expands across finance firms - Read more
- Information security firms brace for Oracle Cloud attack fallout - Read more
- India’s trillion-hour phone binge fuels $29.4 billion media industry - Read more
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