TECHNOLOGY

The race to adopt and leverage artificial intelligence has driven its compound annual growth rate of approximately 40%. However, the latest study by Lenovo saw a significant disparity in perspectives between chief executive officers (CEOs) and chief information officers (CIOs) regarding the strategic deployment and expansion. Fueled by concerns of lagging behind competitors, many corporate leaders are aggressively pursuing the integration of AI technologies, with plans to ramp up AI spending by 45% in 2024 compared to the preceding year.
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8 months ago Read more at Backend News

Nearly 70% of the 600 fraud-management, anti-money laundering, and risk and compliance officials surveyed in BioCatch’s first-ever AI-focused fraud and financial crime report say criminals are more adept at using artificial intelligence to commit financial crime than banks are at using the technology to stop it. Nearly half of those same fraud-fighters report an increase in financial crime activity in the last year. A staggering 91% of respondents report their organisation is now rethinking the use of voice verification for big customers due to
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8 months ago Read more at India Technology News

Apple is in talks with potential partners, including Google and OpenAI. The tech giant plans to unveil its new AI features in June. There are no plans to release an in-house chatbot.
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8 months ago Read more at Business Today

GRT’s Australian-made SMART Dosing Unit is an automated dosing system designed to enhance the effectiveness of dust suppression and water management systems on mine sites. It will educate miners on the importance of using whole-of-site particulate pollution control measures that combine data collection, artificial intelligence tools, eco-friendly solutions and specially engineered products built to withstand the harshest Australian conditions can protect workers and communities from work-related lung-diseases like silicosis.
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8 months ago Read more at Australian Mining

Professional mountain bikers will start the new season with the HIT device. It monitors the g-force of a head impact attached to their helmets. The device measures the smaller cumulative impacts experienced by riders on runs.
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8 months ago Read more at Insider.co.uk

China and the United States are driving the brain-computer interface technology, giving the sci-fi-like field dimensions of reality. Not surprisingly, there are concerns on who will protect the extremely sensitive data that will emerge on consumers' brain functions and responses. A potential nightmare scenario, for example, could be where someone exploits a security loophole and steals highly personal data. China has already initiated action on how to regulate the emerging industry to ensure its healthy development.
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8 months ago Read more at China Daily

ReElement Technologies has signed an exclusive license to use patented Purdue University technologies to domestically refine and sell minerals critical in manufacturing modern, high-tech products for commercial and industrial use. The technologies will allow Reelement Technologies to re-fine and sell rare earth and critical battery elements. “This is problematic for two reasons,” Jensen said. “First, not having a fully domesticated supply chain poses a national security concern.”
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8 months ago Read more at Chemie.de

Nissan intends to mass-produce electric vehicles with state-of-the-art batteries in early 2029, officials announced on April 16 at a media tour of its partially constructed pilot plant southwest of Tokyo. Nissan was once at the forefront of the EV revolution when it released the Leaf in 2010 but has since fallen behind Tesla and BYD. By clicking Learn More, you agree to send your info to Rewiring America, who agrees to use it according to their privacy policy.
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8 months ago Read more at The Cool Down

PremjiInvest is the largest Indian family office that manages $10 billion for software tycoon. The company, among the first large Indian asset managers to use AI tools in the private equity space, is now working on an AI quant model for its public market bets too. ADVERTISEMENT Investment firms worldwide are relying on AI to analyze data streams in real-time.
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8 months ago Read more at Yahoo Canada Finance

India’s AI market is projected to expand at a compound annual growth rate (CAGR) of 25-35% through 2027, the demand for such leaders will naturally increase. The role is pivotal for securing leadership endorsement and spearheading the planning and execution of AI readiness across the enterprise.
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8 months ago Read more at The Economic Times