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The Week That Was: IT and Media news week 17

Metaverse could bring a significant boost to the EU economy, according to a report from LSE Consulting at London School of Economics. It recommends  establishing an “Airbus for the metaverse”, training and retaining top talent, and fostering demand, scale, and open innovation across the EU Member States.

By 2026, over 80% of organizations will have used generative artificial intelligence, up from less than 5% in 2023, but only 16% will do it successfully. This prediction comes at a time when markets are discussing when there will be a return on years of heavy investment in AI. Business leaders need to focus on using GenAI to address real problems rather than on adopting this new technology just for the sake of adoption, write CFO at European Stability Mechanism and a Professor at IMD Business School, in a blog post for the World Economic Forum.

European police chiefs and Europol are urging industry and governments to stop end-to-end encryption of messages. With such encryption, “we will simply not be able to keep the public safe”, they say in a statement.

Half of women say their stress levels have increased since last year, and despite some progress, they are still not receiving adequate mental health support in the workplace, consultancy Deloitte’s annual survey Women at Work shows. Lack of flexible working hours is among the top reasons women have changed jobs over the past year (15%), with the same number also citing poor work/life balance. 


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