In a recent Bloomberg interview, JPMorgan CEO Jamie Dimon unveiled his AI-driven vision for the financial industry.
Dimon expressed his belief that AI has the potential to revolutionise every aspect of JPMorgan’s operations, from trading and hedging to research and error detection. He described AI as a "living, breathing thing," capable of transforming traditional processes and augmenting human...
Data has long been the currency on which the enterprise operates – and it goes right to the very top. Analysts and thought leaders almost universally urge the importance of the CEO being actively involved in data initiatives. But what gets buried in the small print is the acknowledgement that many data projects never make it to production. In 2016, Gartner assessed it at only 15%.
The operationalisation of data projects has been a key factor in helping organisations turn a data...
Britain's Deputy Prime Minister Oliver Dowden has shared his view that AI will be the most “extensive” industrial revolution yet.
Dowden highlighted AI's dual role, emphasising its capacity to augment productivity and streamline mundane tasks. However, he also put the spotlight on the looming threats it poses to democracies worldwide.
in an interview with The Times, Mr Dowden said: “This is a total revolution that is coming. It’s going to totally transform almost...
The UK has announced a £13 million investment in cutting-edge AI research within the healthcare sector.
The announcement, made by Technology Secretary Michelle Donelan, marks a major step forward in harnessing the potential of AI in revolutionising healthcare. The investment will empower 22 winning projects across universities and NHS trusts, from Edinburgh to Surrey, to drive innovation and transform patient care.
Dr Antonio Espingardeiro, IEEE member and software and...
US Securities and Exchange Commission (SEC) chairman Gary Gensler has announced a shift in focus from cryptocurrency to AI.
Gensler, who has been vocal about the risks and challenges posed by the cryptocurrency industry, now believes that AI is the technology that "warrants the hype" and deserves greater attention from regulators.
Gensler’s interest in AI dates back to 1997 when he became intrigued by the technology after witnessing Russian chess grandmaster Garry...
In a bid to foster greater digital trust in AI products used for medical diagnoses and treatment, the British Standards Institution (BSI) has released high-level guidance.
The guidance, titled ’Validation framework for the use of AI within healthcare – Specification (BS 30440),’ aims to bolster confidence among clinicians, healthcare professionals, and providers regarding the safe, effective, and ethical development of AI tools.
As the global debate on the...
The pressure is on European hospitality and travel brands to meet the evolving demands of their customers. In an era where tech giants like Netflix and Amazon have set the bar high for personalised recommendations and experiences, traveller satisfaction is becoming increasingly dependent on a brand’s ability to provide a personalised experience — from the time they start researching a trip until the time they leave a review.
Yet, despite the value of getting...
A new report by Google emphasises that AI represents the most profound technological shift of our lifetime and has the potential to significantly enhance the UK's economy.
The report suggests that by 2030, AI could boost the UK economy by £400 billion—leading to an annual growth rate of 2.6 percent.
Steven Mooney, CEO of FundMyPitch, commented:
“If AI is projected to bring billions to the UK economy, then why on earth aren’t our start-ups and SMEs...
In a joint statement published today, the 24 Vice Chancellors of the Russell Group of universities have pledged their commitment to ensuring the ethical and responsible use of generative AI and new technologies like ChatGPT.
Universities are increasingly recognising the importance of equipping their students and staff with AI literacy skills to leverage the opportunities presented by technological advancements in teaching and learning.
Sheila Flavell CBE, Chief...
NHS staff will soon have access to advanced AI technology to enhance the speed and accuracy of patient diagnosis and treatment, thanks to a new £21 million fund.
The AI Diagnostic Fund will allow NHS Trusts to apply for funding to expedite the deployment of AI imaging and decision support tools, particularly for diagnosing conditions such as cancers, strokes, and heart conditions.
The Health and Social Care Secretary, Steve Barclay, has also pledged to implement AI...
