Global Scans · Artificial Intelligence · Weekly Summary

• [New] Fujitsu will deploy Oracle Alloy, a cloud infrastructure platform that provides more than 100 Oracle Cloud Infrastructure services, including generative AI, as part of its Fujitsu Uvance Hybrid IT portfolio, which supports customers with on-premises and cloud-based infrastructure. Fujitsu Global
• [New] Gen AI could lift productivity by 3% to 5% across the banking sector, delivering value equal to an additional US$ 200 billion to US$ 340 billion in annual revenues. Fintech Singapore
• [New] The introduction of gen AI presents new risks, requiring financial institutions to embrace a new approach to risk management and controls. Fintech Singapore
• [New] Gen AI has the potential to transform the way banks manage risks over the next three to five years by allowing functions to move away from routine tasks towards partnering with business departments to prevent strategic risks from the start of new customer experiences. Fintech Singapore
• [New] Generative artificial intelligence, also known as gen AI, is expected to significantly impact risk management over the next five years, allowing financial institutions to automate tasks, accelerate processes and improve efficiencies. Fintech Singapore
• [New] Europe must seize the opportunity to become a global leader in the industrial internet, capitalizing on the potential of emerging technologies like AI, quantum computing, and 5G Standalone connectivity. IBM Newsroom
• [New] The statement from the technology leaders asserts that Europe has the potential to lead the industrial internet globally by harnessing emerging technologies such as artificial intelligence, quantum computing, and 5G Standalone connectivity. investing.com
• [New] Artificial intelligence has the potential to automate most tasks in knowledge-based professions by 2030, dramatically increasing the average worker's productivity. ARK Invest Europe
• [New] Budget 2024 proposes to provide $50 million over five years, starting in 2024-25, to create an AI Safety Institute of Canada to ensure the safe development and deployment of AI. Gowling WLG
• [New] $50 million over four years, starting in 2025-26, to support workers who may be impacted by AI, such as creative industries. Gowling WLG
• [New] Despite ethical concerns and data security risks, the future of AI promises significant advancements in every field, creating new opportunities and challenges. India Today
• [New] Widespread adoption of artificial intelligence and machine learning technologies in recent years has provided threat actors with sophisticated new tools to perpetrate attacks. Islamabad Post
• [New] Artificial intelligence has changed the world of health care, where it has created opportunities for different diagnoses, patient care and clinical judgement. The Badger Herald
• [New] AI has the potential to disrupt Ikea's finely tuned culture as fears grow that the technology could make some roles redundant. Raconteur
• An overwhelming 79% of UK manufacturers anticipated incorporating generative AI into their operations in 2024, making it the top capability expected to drive significant business outcomes. Logistics Manager
• With Google's enterprise AI platform, Vertex AI, and its Gemini models, PwC will help customers set new benchmarks for digital transformation and improve their businesses for growth and efficiency. Google Cloud Press Corner
• PwC will build new solutions and industry use cases that help enhance how global organizations function and accelerate time-to-value from AI investments, leveraging the power of Google Cloud's AI-optimized infrastructure and Gemini models. Google Cloud Press Corner
• IBM Storage Defender leverages AI and event monitoring across multiple storage platforms through a single pane of glass to help protect organizations' data layer from risks like ransomware, human error, and sabotage. MarketScreener
• Reducing AI Risks and Harms from Synthetic Content: The United States and Japan pledge to cooperate on reducing risks and harms of AI-generated content. The White House
• Yum China began exploring the use of generative artificial intelligence in its digital-enabled Food Safety Risk Assessment and Early Warning System, enabling multidimensional assessment of potential food safety risks across the entire operation. Market Wire News

Last updated: 21 April 2024