🗞 AI updates 01/03/2024

Generative AI Spending on the Rise: Enterprises spent around $19.4 billion on generative AI technologies in 2023, with expectations of doubling this year. The spending is anticipated to reach $151.1 billion by 2027, with a focus on customer and employee productivity use cases. Generative AI is expected to capture 55% of the total AI software market. By 2030, significant spending in the fields of research, writing, summarizing tools, and specialized applications for automation and productivity is expected. Read more

Quantum Machine Learning's Uncertain Future: The integration of machine learning and quantum computing, termed quantum machine learning, is being explored by scientists. There is a strong interest in this field, but it is still unclear if quantum machine learning offers a significant advantage over classical machine learning. Theoretical advancements and experimental efforts continue to explore the practical applications and advantages of quantum machine learning. Read more

AI in Texas Government: The Texas Workforce Commission used a chatbot named "Larry" to handle unemployment claims. With the growing use of AI in state government, Texas has formed an AI advisory council to oversee the deployment of AI technology, focusing on ethics, privacy, and control issues. The bill also aims to encourage creative uses of AI while addressing concerns about data quality and potential biases. Read more

Samsung's AI-Powered Mobile Innovations: Samsung Electronics is set to unveil its new Galaxy S series, promising an intelligent mobile experience powered by AI. This event, scheduled for January 17, will showcase the latest premium Galaxy innovations. Read more

Advancements in AI for 2024: Significant developments in AI are expected in 2024, including improvements in data quality, new AI architectures like Mamba, advancements in inference time computation, and progress in multimodal AI. These advancements are set to create more efficient, smarter, and more reliable AI systems. Read more