GenAI investment is expected to grow 30%, with leaders from companies with high GenAI maturity anticipating their return on investment will be three-times higher over the next three years than that of companies with little or no adoption of the technology, according to a new report released by Boston Consulting Group (BCG).
GenAI Investment to Grow 30%, with High Maturity Companies Projecting Three Times Higher ROI Over the Next Three Years than Low-Adoption Peers
July 23, 2024 by Leave a Comment
NPUs are Emerging as the Main Rival to NVIDIA’s AI Dominance
July 20, 2024 by Leave a Comment
Fueled by the rise of Generative AI, the semiconductor market has established itself as one of the most profitable industries globally − the sector is already worth over $600 billion, with this figure set to increase to $1 trillion by 2030. During this growth period, NVIDIA has achieved the status of undisputed leader, predominantly as a result of the superior performance of its graphics processing units (GPUs).
AI Appreciation Day
July 16, 2024 by Leave a Comment
Artificial Intelligence Appreciation Day is celebrated on July 16 each year. With discoveries in science, tech, and healthcare, AI offers the possibility of a more evolved future. AI tools already dominate the market making human life much easier. n this special round-up, we’ve collected a number of commentaries from our friends in the AI industry ecosystem. We hope you enjoy reading them!
GridGain Advances Its Unified Real-Time Data Platform to Help Enterprises Accelerate AI-Driven Data Processing
July 10, 2024 by Leave a Comment
GridGain® announced version 9 of the GridGain Unified Real-Time Data Platform. Building on the proven multi-dimensional data processing and analytics capabilities of version 8, GridGain 9 delivers the most stable, resilient, and high-performant solution for ultra-low latency data applications, powering the extreme speed, scale, durability and reliability critical to modern enterprise use cases and AI.
Embracing the Future: Generative AI for Executives
July 9, 2024 by Leave a Comment
In this feature article, Daniel D. Gutierrez, insideAInews Editor-in-Chief & Resident Data Scientist, believes that as generative AI continues to evolve, its potential applications across industries are boundless. For executives, understanding the foundational concepts of transformers, LLMs, self-attention, multi-modal models, and retrieval-augmented generation is crucial.
AI at Work: Friend and Foe
July 8, 2024 by Leave a Comment
A new report was published by Boston Consulting Group (BCG). Titled AI at Work: Friend and Foe, the study follows the firm’s inaugural AI at Work survey from last year and is based on a global survey of more than 13,000 employees in 15 countries and regions conducted by BCG X, BCG’s tech build and design division. The survey’s respondents range from executive suite leaders to frontline employees who do not hold managerial positions, although most respondents work in office-based roles.
Webinar: Getting Started with Llama 3 on AMD Radeon and Instinct GPUs
July 5, 2024 by Leave a Comment
[Sponsored Post] This webinar: “Getting Started with Llama 3 on AMD Radeon and Instinct GPUs” provides a guide to installing Hugging Face transformers, Meta’s Llama 3 weights, and the necessary dependencies for running Llama locally on AMD systems with ROCm™ 6.0.
The Importance of AI in the Financial Industry
July 2, 2024 by Leave a Comment
In this feature article, Daniel D. Gutierrez, insideAInews Editor-in-Chief & Resident Data Scientist, discusses how AI has emerged as a transformative force across various sectors, and the financial industry is no exception. With its ability to process vast amounts of data, uncover patterns, and make predictions with unprecedented accuracy, AI is reshaping how financial institutions operate, manage risks, and serve their clients. This article explores the multifaceted impact of AI in the financial industry, highlighting its critical role in enhancing efficiency, improving decision-making, and fostering innovation.
Announcing insideAI NEWS – Illuminating AI’s Frontiers: Your Go-To News Destination
July 1, 2024 by Leave a Comment
insideBIGDATA, the leading source for news and insights about artificial intelligence, is proud to announce the relaunch and rebranding of the publication as insideAI News. The revamped platform will offer comprehensive coverage of AI technology and implementation strategies across multiple industries, including healthcare, security, financial services, automation, and agriculture.
Bain AI Survey Results Show Enthusiasm for GenAI but is Vision AI the Next Boom?
June 28, 2024 by Leave a Comment
Bain & Company released their AI Survey results illustrating that businesses are investing heavily in generative AI, with 87% of surveyed companies working with gen AI in some capacity. Business leaders are eager to see results, however, the real value comes from how AI changes what businesses can do.
