AI & RoboticsNews

UBS projects 61% compound annual growth rate for AI demand between 2022 and 2027

In an analyst note on Tuesday, the financial services arm of Swiss banking giant UBS raised its guidance for long-term AI end-demand forecast from 20% compound annual growth rate (CAGR) from 2020 to 2025 to 61% CAGR between 2022 to 2027. “We don’t think AI is a bubble given clear use cases and solid long-term visibility, but recommend investors consider companies with clear monetization…
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AI & RoboticsNews

How to navigate your engineering team through the generative AI hype

In the last six months, AI, specifically generative AI, has been thrust into the mainstream by OpenAI’s launch of ChatGPT and DALL-E to the general public. For the first time, anyone with an internet connection can interact with an AI that feels smart and useful — not just a cool prototype that’s interesting. With this elevation of AI from sci-fi toy to real-life tool has come a mixture of…
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MobileNews

ChatGPT's Android app arrives in the last week of July

When OpenAI released a ChatGPT app for the iPhone in May, it promised that Android users will get theirs soon. Now, the company has announced that ChatGPT for Android is rolling out to users sometime next week. Moreover, its Google Play listing is already up, and users can pre-register to get it as soon as it becomes available. It’s unclear if the app will initially only be available in the…
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AI & RoboticsNews

AI, automation to take center stage as IT demands surge: Salesforce survey

A new survey from Salesforce has revealed that AI and automation will be critical drivers for enterprise IT teams as they contend with growing demands of a turbulent macroeconomic environment. The research, conducted between February and April 2023, involved 4,000 IT decision-makers from North America, Latin America, Asia-Pacific and Europe. It looked at these leaders’ mindsets, top priorities…
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