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Author Archives: Ali Azhar

Ali Azhar

Cognizant Predicts GenAI Will Inject $1 Trillion Into the U.S. Economy
March 6th, 2024 Comments Off on Cognizant Predicts GenAI Will Inject $1 Trillion Into the U.S. Economy
We know that GenAI has great potential to transform businesses and the economy. However, we don’t know how much impact it will have. Would the hype fizzle away in a few years or would have a most lasting impression?  ...

Forrester’s State of AI Report Suggests a Wave of Disruption Is Coming
February 22nd, 2024 Comments Off on Forrester’s State of AI Report Suggests a Wave of Disruption Is Coming
The explosive growth of generative artificial intelligence (GenAI) heralds opportunity and disruption across industries. It is transforming how we interact with technology itself. During this early phase of GenAI technology, organizations are exploring new ways to leverage this technology ...

OpenAI Launches AI Text-to-Video Generator Sora
February 20th, 2024 Comments Off on OpenAI Launches AI Text-to-Video Generator Sora
OpenAI, the makers of ChatGPT and Dall-E, has joined the text-to-video AI content generation race by launching Sora, which has the ability to generate videos up to a minute long based on the user’s prompt.  The company showed several ...

AI Companies Will Be Required to Report Safety Tests to U.S. Government
February 8th, 2024 Comments Off on AI Companies Will Be Required to Report Safety Tests to U.S. Government
The Biden Administration has decided to apply new AI regulations, where all developers of major AI systems will be required to disclose their safety test results to the government. As part of these new rules, tech companies will be ...

New AI Patent Study Shows IBM Leads Google and Microsoft in GenAI Race
February 7th, 2024 Comments Off on New AI Patent Study Shows IBM Leads Google and Microsoft in GenAI Race
The meteoric rise of artificial intelligence over the last year has sent tech companies scrambling to find new ways to develop and deploy AI technology in their products and processes. Companies that have developed or are in the process ...

Appen Suffers Major Blow as Google Terminates Multi-Million Dollar Contract
January 29th, 2024 Comments Off on Appen Suffers Major Blow as Google Terminates Multi-Million Dollar Contract
In a significant development, Google has terminated its multi-million dollar contract with Appen, an Australian data company involved in training large language model AI tools used in several Google products including Search and Bard. Appen has also helped Amazon, ...

Oracle Extends AI Across Its Stack With New GenAI Cloud Features
January 24th, 2024 Comments Off on Oracle Extends AI Across Its Stack With New GenAI Cloud Features
Organizations are struggling to find ways to deliver GenAI successfully. The key challenges to GenAI deployment include difficulty in integrating GenAI solutions with the existing tech stack and customizing the LLMs to meet the requirements of internal operations. Oracle, ...

Global IT Spending Forecast: Gartner Predicts 6.8 Percent Growth in 2024
January 23rd, 2024 Comments Off on Global IT Spending Forecast: Gartner Predicts 6.8 Percent Growth in 2024
While the tech industry is grappling with layoffs, there is no lack of IT spending. The worldwide spending on IT is expected to reach $5 trillion in 2024 marking a jump of 6.8 percent from 2023, according to a ...

Sopra Steria Next Forecasts GenAI Market to Be Worth $100B by 2028
January 17th, 2024 Comments Off on Sopra Steria Next Forecasts GenAI Market to Be Worth $100B by 2028
The rise of generative article intelligence (GenAI) has taken the world by storm in 2023.  While organizations have taken a keen interest in deploying GenAI technology, it has remained a relatively limited market so far.  Sopra Steria Next, a ...

Consumer Watchdog Report: Wall Street AI Could Cause Financial Crisis
January 17th, 2024 Comments Off on Consumer Watchdog Report: Wall Street AI Could Cause Financial Crisis
The impact of AI has rippled through virtually every aspect of the business world, and the financial industry is no exception. Organizations in the financial sector are expected to experience seismic shifts from the transformative forces of AI. Wall ...
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