IT sector breeding most unicorns
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The IT sector has by far the largest number of so-called unicorns – billion dollar startups. Once rare, billion-dollar startups have become commonplace. Globally, there were 1,404 active unicorns as
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Strong growth forecasted for AI platforms and GenAI smartphones
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The trust in AI’s ability to drive growth and profitability in the tech business is strong, according to two new reports. The AI platforms market shows no sign of slowing
30% of GenAI projects to be abandoned next year new report predicts
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At least 30% of generative AI projects will be abandoned by the end of 2025, due to poor data quality, inadequate risk controls, escalating costs or unclear business value, according
AI at work – optimists hope for better pay while pessimists say loneliness and insomnia
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Artificial intelligence tools are being introduced at workplaces all over the world. What will this mean for employees? Recent reports show contradicting expectations: 49% expect it will mean higher salaries
EU Commission says European tech development too slow
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EU’s tech development is too slow! It is not on track to achieve the digital objectives and targets for 2030 set in the Digital Policy Programme (DDPP), according to EU
Spending on data centre systems expected to boom this year
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Worldwide IT spending will total $5.26 trillion in 2024, an increase of 7.5% from 2023, according to new forecast by market research firm Gartner. Thanks to the focus on GenAI,
Paris Games leading to boom in cybersecurity spending
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Unprecedented level of threats will be launched during the Paris Olympic Games that open later this month. There will be a variety of financial and political motives targeting not only
More firms think AI use will be positive and not negative for jobs
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Over 40% of firms expect that using AI will have a positive impact on turnover, profits, training and resilience. About 22% expect a positive impact on employment compared to 13%
AI technologies driving security budgets 2024
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GenAI and other AI technologies are contributing to increased security budgets in 2024. “GenAI brings pressure to increase cybersecurity budgets on two fronts: to secure an organisation’s development and use
Researchers warn that AI can create a “digital afterlife industry”
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There is a need to prevent that we get a “digital afterlife industry” using AI to offer fake conversations with lost ones, researchers at Cambridge university say in a report.