Business

Source: forbes.com An unusual response was received from one of the investors after Tech Crunch brought up "the rise of AI" in a recent email to them: "The 'rise of AI' is a bit of a misnomer." Rudina Seseri, a managing partner at Glasswing Ventures, is the investor in question. She argues that deep learning and other advanced technologies have been there for a while, and that all the excitement around them is obscuring the truth that these technologies have been under development for decades. She said that 2010 witnessed the initial enterprise usage. Nevertheless, there's no denying that artificial intelligence (AI) is garnering previously unheard-of amounts of interest, and businesses everywhere are busy considering how AI may affect their sector and beyond. Partner at Early...

ChatGPT is now both a blessing and curse for tech leaders and entrepreneurs. Source: kustombot.com | Generative AI Vs ChatGPT For tech executives and leaders, ChatGPT's success has been both a boon and a curse. On the one hand, it has raised investment in underfunded R&D teams, made generative AI appear like it has limitless promise, and elevated technology to the top of the boardroom agenda. However, it has also diverted attention from other significant AI and tech initiatives, syphoned funds from other programmes to fund a desperate attempt by competitors to catch up, and maybe set off a big compliance timebomb that might blow at any moment. Precisely, ChatGPT has turned into a distraction. The majority of forward-thinking and creative companies have previously experimented ...

Source - markets.businessinsider.com 2023 was predicted by most Wall Street analysts to be a difficult year for the stock market. However, despite all of this negativity, stocks rose this year, with the benchmark S&P 500 index rising 25%. Better-than-expected GDP and the emergence of AI drove the unexpected bounce in equities. Many Wall Street experts believed at the beginning of the year that stocks would have a difficult year following a disastrous 2022 that finally burst the "everything bubble"; nevertheless, their pessimistic forecast proved to be unfounded. Rather, important stock indices have surged, with the benchmark S&P 500 seeing a 25% gain at year's conclusion. In the meantime, the Dow Jones Industrial Average gained 4,500 points to reach a new all-time...