latest news in technology
Generative AI Market Set to Surge: Global Value to Hit $7.28 Billion by 2029
Dublin, Monday, 18 November 2024.
New market analysis reveals explosive growth in the fintech sector’s AI adoption, projecting a remarkable 36.3% annual growth rate. North American financial institutions lead the transformation, with major players like IBM and Microsoft driving innovation in fraud detection and personalized banking solutions. Key concerns around data privacy and algorithmic bias remain central to implementation strategies.
X's New Terms: AI Training and Legal Battles in Texas
San Francisco, Saturday, 16 November 2024.
X, formerly Twitter, updates its terms of service, allowing user content for AI training and requiring legal disputes to be settled in North Texas courts. Users face potential fines for excessive platform use, while privacy concerns and account deletions surge.
AI Bridges Science and Art to Predict Innovation
Cambridge, Wednesday, 13 November 2024.
MIT researchers develop a graph-based AI model that uncovers hidden connections between diverse fields, potentially revolutionizing materials design. The system found surprising similarities between biological materials and Beethoven’s Symphony No. 9, highlighting shared patterns of complexity. This innovative approach could transform interdisciplinary research and innovation strategies.