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Global Scans · Intelligence · Weekly Summary


WHAT'S NEXT?: There will be an increased demand for software and services that deliver intelligence, personalization, and specialization. Artificial intelligence could become a $15+ bn opportunity by 2025. Combining human and machine cognition for engagement decisions could yield the precision and reliability of automation without sacrificing the robustness and flexibility that humans bring. The first effect of machine intelligence will be to lower the cost of goods and services that rely on prediction.

  • [New] Much like the influential impact of the General Data Protection Regulation (GDPR) on data privacy, the AI Act aims to set a global standard for AI regulation by imposing obligations on AI systems based on their potential risks and impacts. Logan & Partners
  • [New] Artificial Intelligence has gained significant traction in recent years, and if properly handled, it has the potential to exceed expectations in a wide range of application areas throughout the world. SpringerLink
  • [New] Some 22% of respondents said they were planning to integrate generative artificial intelligence into their security solutions and services over 2025, and another third plan to experiment with the technology. Security Boulevard
  • [New] United States Citizenship and Immigration Services will use AI to improve immigration officer training. U.S. Department of Homeland Security
  • [New] The Federal Emergency Management Agency will deploy AI to help communities plan for and develop hazard mitigation plans to build resilience and minimize risks. U.S. Department of Homeland Security
  • [New] Roughly 49% of companies mentioned AI in their reports, with some including the accelerated progression of AI as an emerging risk, but that it did not see any discussion of board oversight of AI. Travers Smith
  • [New] While the risks surrounding the most concerning uses for AI are valid, that should not stop the technology from being used for good - like to eliminate the world's deadliest infectious disease, help with wildfire recovery, and save ecosystems critical to mitigating the climate crisis. Good Good Good
  • [New] As generative AI continues to transform industries and boost the global economy, staying current on the latest advancements will be key to maintaining a competitive edge. Dataquest
  • [New] By 2030 we will have created or scaled up at least 8 responsible AI research labs at African universities and helped create regulatory frameworks for responsible AI. GOV.UK
  • [New] A consortium of Siport21, Port de Barcelona, and the Universitat Politecnica de Catalunya - BarcelonaTech will develop COMPASS +, an innovative system for maritime traffic operational control based on artificial intelligence and machine learning. PortSEurope
  • [New] China and the European Union are further ahead with their attempts to regulate AI, with China setting restrictions on the tech last year, and the EU passing the world's first legislation designed to address AI risks earlier this month. The Register
  • [New] Nokia's enhanced WaveSuite portfolio incorporates machine learning into the Health and Analytics application to use network intelligence to support optical fiber sensing, which will help network operators detect disturbances to the fiber optic cable within their networks that may produce outages. Yahoo Finance
  • [New] Sophos X-Ops' unique amalgamation of threat intelligence, incident response capabilities, and predictive AI technologies equips organizations with the tools necessary to enhance their security posture. TechSpective
  • [New] Tools built using artificial intelligence could be an effective alternative to current methods for the rapid reconstruction of particle tracks. phys.org
  • [New] Instead of just trying to target scaled content created using AI, Google will tackle all forms of scaled content, whether made by humans, automation, or a combination of both. Damteq
  • [New] Rather than a single, tidy, institutional solution to govern AI, the world will likely see the emergence of something less elegant: a regime complex, comprising multiple institutions within and across several functional areas. Carnegie Endowment for International Peace
  • [New] At Michigan Medicine, doctors and researchers are using artificial intelligence to help diagnose brain tumours, generate new antiviral molecules, and analyze cardiac signals to better predict adverse cardiac events. Michigan Today
  • [New] With generative AI specifically, the Conference Board of Canada estimated in February that the technology could add close to 2% to Canada's gross domestic product, assuming businesses adopt it. The Globe and Mail
  • Apple and Google have actively negotiated the use of Gemini to power some of the generative AI features which are anticipated to come to iPhones in 2024. Mint
  • AI demand: Forecasts indicate an annual growth rate between 38% and 50% throughout 2027, which indicates that even in the lowest of estimates, demand is expected to be strong. Seeking Alpha
  • We believe that a data-centric approach holds the key to unlocking the transformative potential of AI and machine learning. World Business Outlook

Last updated: 26 March 2024



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