The Week That Was: IT and Media news week 37

 The Week That Was: IT and Media news week 37

Artificial intelligence spending in Europe will reach $34.2 billion this year, representing 20.6% of the worldwide AI market. AI spending in Europe will post a 29.6% compound annual growth rate (CAGR) between 2022 and 2027, slightly higher than the worldwide CAGR of 26.9% for the same period, with spending expected to exceed $96.1 billion in 2027, International Data Corporation (IDC) says in a forecast. “In an uncertain economic environment, where inflation is playing a key role in investment decisions, the AI market is still growing healthily, supported by demand for generative AI (GenAI) technologies.”

Digital humans, satellite communications, tiny ambient IoT, secure computation and autonomic robots are five technologies that will transform the digital future for business, according to market research firm Gartner. Digital humans are described as “interactive, AI-driven representations that imitate some characteristics, personality, knowledge and mindset of a human.” 

Cyber attacks are expected to further increase as a criminal threat affecting the EU. Cybercriminals are likely to further embrace new technologies and maximise the reach of their services, with sensitive data as a core target. The crime-as-a-service ecosystem will further develop in order to service a wider criminal base, Europol says in a report on cyber crime. 

The news industry is well underway to organise self-regulation on how to use artificial intelligence. Leading publishers are setting up strategies to address crucial AI aspects and they broadly address AI along similar lines. These are conclusions in a study by Oxford University of AI guidelines from 52 publishers in 12 countries around the world. 

The absence of women in the emerging artificial intelligence industry has already had an adverse impact on how well this technology supports women and responds to their needs, UN women says in a report. “ Challenging social biases, increasing women’s education and expanding women’s participation in STEM are all vital to transforming information and technology so that it works for gender equality.“


Moonshot News is an independent European news website for all IT, Media and Advertising professionals, powered by women and with a focus on driving the narrative for diversity, inclusion and gender equality in the industry.

Our mission is to provide top and unbiased information for all professionals and to make sure that women get their fair share of voice in the news and in the spotlight!

We produce original content, news articles, a curated calendar of industry events and a database of women IT, Media and Advertising associations.

[email protected]

Notify of
Inline Feedbacks
View all comments

    Do you want an experienced opinion on a job issue?
    Moonshot Manager is here to answer!

      Moonshot community sharing thoughts and ideas, in a anonymous, safe environment.