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Generative AI Might End Up Being Worthless And That Could Be Good Thing
Free genAI services, and cheap subscription services like ChatGPT and Gemini, cost a lot of money to run. Right now, however, there are growing questions about just how AI firms are going to make any money.
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95% Organisations Get Zero Return From Using AI Tools, MIT Study Shows
A new MIT study has revealed that 95 per cent of AI projects showed no returns on investment for the companies.
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Global Smartphone Market to Grow 1 Percent in 2025, Despite Challenging Economy, Soft Demand: IDC
IDC projects global smartphone shipments to rise 1 percent in 2025 to 1.24 billion units, driven by iOS growth and replacement demand, with a 1.5 percent compound annual growth rate through 2029. Despite weak demand in China, growth in the US, the Middle East, and Africa will offset declines. Vendors are reportedly prioritising value creation with ...
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World Youth Skills Day: In An AI World, These 5 Human Skills Are Non-Negotiable
World Youth Skills Day: Generative AI (GenAI) has become an integral part of our professional and personal lives. To stay relevant, it's no longer optional - it's essential to understand and apply these tools effectively.
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Gemini Nano-Enabled API Released to Android Developers Ahead of Google I/O 2025
Google quietly released the ML Kit GenAI application programming interface (API) last week, allowing Android developers to build apps that leverage the capabilities of Gemini Nano. As per a document added to its developer forum, the Mountain View-based tech giant is now letting developers access the image description feature of the artificial intel...
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Netflix Redesigns TV App With Responsive Recommendations, Adds GenAI Search on iOS
Netflix has unveiled a redesigned TV app homepage, aiming to improve user navigation. The streaming giant has integrated generative AI into its search, enabling natural language queries. Users can expect more personalized and responsive content recommendations based on their viewing habits. The updated homepage will also feature live and sporting e...
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"AI Is Coming For Your Job And Mine": Fiverr CEO's Blunt Warning To His Employees
In a memo to staff members, Mr Kaufman emphasised the importance of future-proofing their careers amid the growing influence of AI.
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Crypto Scams Likely Set New Record in 2024, Helped by AI: Chainalysis
The use of generative AI likely lifted revenues from crypto scams to a record high in 2024, Chainalysis has said in its recent report. The company pointed to marketplaces that support pig butchering operations and the use of GenAI as factors making it easier and cheaper for scammers to expand operations.
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Can AI Tools Replace Human Couples Therapist? Study Says Yes
The study added that sooner rather than later, GenAI might be integrated into therapeutic settings.
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GenAI to Boost India's IT Industry's Productivity by Up to 45 Percent, EY India Survey Shows
GenAI could boost the productivity of India's $254-billion software industry by 43 percent-45 percent over the next five years. Within the sprawling IT industry, EY India's survey showed that roles in software development will get the biggest productivity boost.
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GenAI Had Muted Impact On Global Elections This Year, Says Meta
The snapshot from Meta comes as misinformation experts say AI content has so far failed to significantly sway public opinion
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Amazon Doubles Down on AI Startup Anthropic With Another $4 Billion
Amazon has invested another $4 billion into Anthropic, as the firm plans to captialise on a boom in generative AI technology. The e-commerce giant has doubled its investment in the OpenAI competitor, known for its GenAI chatbot Claude, but it will remain a minority investor in the firm.
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IBM Releases New AI Models for Businesses as GenAI Competition Heats Up
IBM is looking to capitalise on the surge in enterprises adopting generative AI technology. 'Granite 3.0' models will be made open-source. This approach differs from rivals such as Microsoft that charge customers for access to their models.
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Microsoft's Vice President of Generative AI Research to Join OpenAI
Microsoft's vice president of GenAI research, Sebastien Bubeck is joining OpenAI. The development follows a series of departures from OpenAI, including that of longtime chief technology officer Mira Murati in September.
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Meta, Challenging OpenAI, Announces New Sound-To-Video AI Model
The announcement comes as Hollywood has been wrestling with how to harness generative AI video technology this year, after Microsoft-backed OpenAI in February first showed off how its product Sora could create feature film-like videos.
-
Generative AI Might End Up Being Worthless And That Could Be Good Thing
Free genAI services, and cheap subscription services like ChatGPT and Gemini, cost a lot of money to run. Right now, however, there are growing questions about just how AI firms are going to make any money.
-
95% Organisations Get Zero Return From Using AI Tools, MIT Study Shows
A new MIT study has revealed that 95 per cent of AI projects showed no returns on investment for the companies.
-
Global Smartphone Market to Grow 1 Percent in 2025, Despite Challenging Economy, Soft Demand: IDC
IDC projects global smartphone shipments to rise 1 percent in 2025 to 1.24 billion units, driven by iOS growth and replacement demand, with a 1.5 percent compound annual growth rate through 2029. Despite weak demand in China, growth in the US, the Middle East, and Africa will offset declines. Vendors are reportedly prioritising value creation with ...
-
World Youth Skills Day: In An AI World, These 5 Human Skills Are Non-Negotiable
World Youth Skills Day: Generative AI (GenAI) has become an integral part of our professional and personal lives. To stay relevant, it's no longer optional - it's essential to understand and apply these tools effectively.
-
Gemini Nano-Enabled API Released to Android Developers Ahead of Google I/O 2025
Google quietly released the ML Kit GenAI application programming interface (API) last week, allowing Android developers to build apps that leverage the capabilities of Gemini Nano. As per a document added to its developer forum, the Mountain View-based tech giant is now letting developers access the image description feature of the artificial intel...
-
Netflix Redesigns TV App With Responsive Recommendations, Adds GenAI Search on iOS
Netflix has unveiled a redesigned TV app homepage, aiming to improve user navigation. The streaming giant has integrated generative AI into its search, enabling natural language queries. Users can expect more personalized and responsive content recommendations based on their viewing habits. The updated homepage will also feature live and sporting e...
-
"AI Is Coming For Your Job And Mine": Fiverr CEO's Blunt Warning To His Employees
In a memo to staff members, Mr Kaufman emphasised the importance of future-proofing their careers amid the growing influence of AI.
-
Crypto Scams Likely Set New Record in 2024, Helped by AI: Chainalysis
The use of generative AI likely lifted revenues from crypto scams to a record high in 2024, Chainalysis has said in its recent report. The company pointed to marketplaces that support pig butchering operations and the use of GenAI as factors making it easier and cheaper for scammers to expand operations.
-
Can AI Tools Replace Human Couples Therapist? Study Says Yes
The study added that sooner rather than later, GenAI might be integrated into therapeutic settings.
-
GenAI to Boost India's IT Industry's Productivity by Up to 45 Percent, EY India Survey Shows
GenAI could boost the productivity of India's $254-billion software industry by 43 percent-45 percent over the next five years. Within the sprawling IT industry, EY India's survey showed that roles in software development will get the biggest productivity boost.
-
GenAI Had Muted Impact On Global Elections This Year, Says Meta
The snapshot from Meta comes as misinformation experts say AI content has so far failed to significantly sway public opinion
-
Amazon Doubles Down on AI Startup Anthropic With Another $4 Billion
Amazon has invested another $4 billion into Anthropic, as the firm plans to captialise on a boom in generative AI technology. The e-commerce giant has doubled its investment in the OpenAI competitor, known for its GenAI chatbot Claude, but it will remain a minority investor in the firm.
-
IBM Releases New AI Models for Businesses as GenAI Competition Heats Up
IBM is looking to capitalise on the surge in enterprises adopting generative AI technology. 'Granite 3.0' models will be made open-source. This approach differs from rivals such as Microsoft that charge customers for access to their models.
-
Microsoft's Vice President of Generative AI Research to Join OpenAI
Microsoft's vice president of GenAI research, Sebastien Bubeck is joining OpenAI. The development follows a series of departures from OpenAI, including that of longtime chief technology officer Mira Murati in September.
-
Meta, Challenging OpenAI, Announces New Sound-To-Video AI Model
The announcement comes as Hollywood has been wrestling with how to harness generative AI video technology this year, after Microsoft-backed OpenAI in February first showed off how its product Sora could create feature film-like videos.
