Nvidia exceeded Q4 earnings forecasts, driven by generative AI’s tipping point, CEO Jensen Huang announced. The positive results buoy AI tokens and overall market sentiment. One of the largest manufacturers of graphics processing units (GPUs), Nvidia, announced a 265% growth
The International Monetary Fund (IMF) has released a new analysis indicating that artificial intelligence (AI) could impact nearly 40% of all jobs, potentially exacerbating global inequality. The International Monetary Fund warns that nearly 40% of jobs across the world could
Language learning software maker Duolingo has laid off 10% of its contractors as the company turns to AI translators. The company explained they will rely more on generative AI for content and therefore “no longer need as many people to
California Governor Gavin Newsom has taken a decisive step forward in preparing the state’s workforce for the challenges and opportunities of the generative AI economy. Recognizing the rapid evolution of the job market driven by AI advancements, Newsom has emphasized
Half of UK workers are turning to generative AI to boost productivity and enhance their work-life balance, according to a recent Accenture survey. The younger generation, between the ages of 18 and 24, makes up the age group that uses
The CEO of the India-based e-commerce platform Duukan, Suumit Shah, revealed that 90% of the company’s support staff had been replaced with an AI chatbot. Touting the benefits of this transformative decision, Shah underscored a massive 85% reduction in customer
A new study reveals that 40% of workers, around 1.4 billion individuals, need to re-skill within three years due to AI’s impact on job roles. The IBM Institute for Business Value study shows that adaptability and people skills are now
As the AI revolution poses a threat to the job market, Australia’s Labor Party and Workers’ Unions want a new government body to manage its progress and protect employees at risk of losing jobs to the technology. The party’s stance
The demand for generative AI talent is soaring, with thousands of openings on offer across the U.S., according to new research from job search engine Adzuna. The research found that the number of job listings citing generative AI surged 700%
Alejandro Lopez-Lira, a finance professor at the University of Florida, has suggested large language models like ChatGPT from OpenAI may be used to predict stock market behaviour. AI technology is expanding its sphere of influence each day, especially after the
A Kuwait news outlet has unveiled the country’s first ever AI-generated news anchor – and there are plans for her to read online bulletins on the news site’s Twitter page. The news anchor, who introduced herself as Fedha, stunned social
United States (US) firms poured billions of dollars into Chinese artificial intelligence (AI) companies between 2015 and 2021, accounting for 37% of all investment transactions in that sector. This is according to a report released by Georgetown University’s Center for
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