Global Scans · Artificial Intelligence · Weekly Summary

• [New] AI remains one of hottest areas to invest in, and has the potential to have a huge impact on the global economy (estimated by PWC to be $15.7trn by 2030). BNY Mellon
• [New] Ensuring the interoperability of governance initiatives, addressing the digital divide, and fostering a multi-stakeholder approach will be essential for realizing the full potential of AI. United Nations University
• [New] Generative AI holds immense potential to revolutionise education systems in the Global South, offering opportunities to bridge educational gaps, support teachers, and provide personalised learning experiences. South African Generative AI Specialist
• [New] The urge to improve efficiency and invest in cutting-edge technologies such as generative AI could provide the global economy with both a cyclical and structural tailwind. MIT OpenCourseWare
• [New] Although there is potential for using artificial intelligence in analyzing data and choosing treatments for personalized medicine, this technology is still early in its development in India's healthcare system. The Week
• [New] AI leaders will increase their cloud operations, data security and AI investments throughout 2024, with 40% of large companies saying AI projects have already increased IT costs. AsiaOne
• [New] Meta is competing head-to-head with Microsoft and Google to unlock the enormous potential of AI. CNN
• [New] In the coming years, the world will witness a significant rise in the usage of generative AI in banks and finance firms. Quytech
• [New] AI will drive major growth in edge computing spend over the coming years, with worldwide edge computing spend expected to reach $232 billion in 2024, an increase of 15.4% over 2023. MarketScreener
• [New] Generative AI could automate up to one-third of tasks for emergency physicians, which could help address staffing challenges, improve service quality and allow doctors to focus on patients' health. News | Cognizant Technology Solutions
• [New] Expanded partnership will leverage Microsoft Copilot and Cognizant's advisory and digital transformation services to help employees and enterprise customers operationalize generative AI and realize strategic business transformation. News | Cognizant Technology Solutions
• [New] If Japanese-based LLMs become widespread, the use of AI will accelerate in Japanese society, alongside an increase in the amount of content with risks. Asia Pacific Initiative <
• [New] Even China is concerned that technologies like generative AI could be used as a tool to criticize authorities, which suggests there is an incentive for implementing certain regulations. Asia Pacific Initiative <
• [New] Generative artificial intelligence is one of the most disruptive technologies in history, offering higher education institutions the opportunity to re-imagine a world where learning is highly personalized, seamless, and available to everyone. eCampus News
• [New] As a small nation with a strong focus on innovation and technology, Singapore is keenly aware of the transformative potential of AI in defence and security. @RSIS_NTU
• [New] Both service and field service organizations are increasing their investment in AI to meet rising customer expectations and unlock revenue-generating opportunities. Salesforce
• [New] Google Cloud's AI and ML capabilities, including BigQuery and Vertex AI, Healthcare Natural Language API and Looker, will be used to build tools for enhanced patient care and to also advance UMass' own research needs. JD Supra
• [New] Drug discovery and development: Gartner predicts that by 2025, pharma companies will leverage generative AI toward 30% of drug discovery and development initiatives. brillio
• [New] Image generation is strong and now has that unique imagine feature, and Meta AI has access to one more search engine than Google Gemini does. LifeHacker
• [New] EDF's MethaneSAT satellite will collect precise methane emissions data, which, combined with Google's AI and Cloud computing, will identify and trace methane sources from oil and gas infrastructure worldwide. GoGeomatics
• [New] Investments in generative AI are expected to drive significant growth in IT spending by 2024. BusinessLine
• [New] AI is a tailwind for Google, noting that while AI use does pose long-term competitive risks for Google, in 2024 Google are likely to see AI monetization improvements. Investopedia
• [New] Finance leaders are buzzing about the transformative potential of generative AI tools like ChatGPT and Google Gemini. SaaSWorks, Inc.

Last updated: 28 April 2024