The Hidden Workforce Behind AI: How Humans Power 'Automated' Systems
Behind AI's sleek interfaces lies an invisible workforce performing critical tasks like data labelling and training algorithms. These crowdworkers, often undervalued and underpaid, expose the ethical and social implications of AI. Explore the hidden cost of automation and how the future of work must balance human-machine collaboration.
Microsoft Canada Empowers Workers with Generative AI Training to Boost Economy by $187B by 2030
Microsoft Canada teams up with leading organizations to provide customized Generative AI training, aiming to boost worker productivity, empower diverse sectors, and add $187 billion to Canada's economy by 2030. Learn how these initiatives are shaping the future workforce.
Australia Poised to Become a Major Player in the Global AI Economy
Australia is primed to lead in the global AI economy, with a projected AUD $18.8 billion annual revenue by 2035. Microsoft and Mandala Partners' report reveals growth areas like AI applications, datacentres, and data services, along with strategic actions for innovation, sustainability, and workforce development. Could this be Australia’s moment to shine in the AI revolution?
Amazon Deepens Generative AI Strategy with $4 Billion Investment in Anthropic
Amazon has announced a significant $4 billion investment in AI startup Anthropic, doubling its stake and deepening their partnership in the generative AI arena. This strategic move leverages AWS’s advanced infrastructure to support Anthropic’s AI models, positioning Amazon against Microsoft in the competitive cloud computing market.
How AI Will Reshape the Global Economy: Insights from IMF Forum
The IMF Statistical Forum highlights AI’s transformative yet uneven impact on global economies. Dive into key insights on labor markets, investment, and productivity, and explore regional disparities and sector-specific outcomes.
AMD Lays Off 1,000 Employees to Accelerate AI Chip Development
AMD is reshaping its future with a bold shift towards AI chip development, laying off 1,000 staff to allocate resources effectively. With ambitious plans like the MI325X and soaring data center growth, AMD is taking on industry giant Nvidia in the high-stakes AI chip market.
HMC Capital Makes Strategic Move in Data Centre Market with $400 Million Acquisition
HMC Capital is making waves with its $400M acquisition of iseek, a leading co-location data centre platform. This move solidifies its DigiCo REIT portfolio and positions the company to rival Australia's data centre giants. Learn how HMC is driving innovation and growth in the digital infrastructure sector.
Chainlink’s AI & Blockchain Initiative: Transforming Financial Data Processing for FMI Leaders
Chainlink's latest initiative merges AI, blockchain, and oracle technology to tackle complex data challenges in finance. By partnering with top FMI providers like Swift and Euroclear, Chainlink aims to create a unified, real-time source for corporate actions data, promising enhanced efficiency, transparency, and cost savings for financial institutions worldwide.
Meta's Reality Labs Reports USD 4.4 Billion Loss in Q3 Amid AI Investments
Meta CEO Mark Zuckerberg is doubling down on AI and futuristic tech investments, pushing the company to redefine itself beyond its core advertising business. While this ambitious strategy fuels growth, it comes with high financial stakes. Learn how Meta plans to balance bold innovation with sustaining its primary revenue drivers.
OpenAI Appoints Chief Economist: Dr. Ronnie Chatterji to Lead AI’s Economic Transformation
OpenAI has named Dr. Ronnie Chatterji as its first Chief Economist, tasked with investigating AI’s influence on economic growth and labour markets. Dr. Chatterji’s appointment underscores OpenAI’s commitment to making AI a driving force for innovation and prosperity.