Global Scans · Artificial intelligence · Weekly Summary

• [New] Compound AI systems will remain the best way to maximize the quality and reliability of AI applications going forward, and may be one of the most important trends in AI in 2024. The Berkeley Artificial Intelligence Research Blog
• [New] Compound AI systems will likely be the best way to maximize AI results in the future, and might be one of the most impactful trends in AI in 2024. The Berkeley Artificial Intelligence Research Blog
• [New] Faculty training and development have become critical in harnessing the full potential of AI for educating students and equipping them with the skills needed. HEPI
• [New] To unlock the potential of AI safely in 2024 and beyond, organizations will need to address the evolving legal landscape and establish the right governance and risk management models to safeguard their interests. Linklaters LLP
• [New] By 2028, the portion of chips made for AI, such as HBM and high-capacity DRAM modules, are expected to account for 61% of all memory volume in terms of value from about 5% in 2023. Hindustan Times
• [New] Expanded partnership with Microsoft that will leverage Microsoft Copilot and Cognizant's advisory and digital transformation services to help employees and enterprise customers operationalize generative AI and realize strategic business transformation. News | Cognizant Technology Solutions
• [New] Offshore wind has the potential to generate more than 420,000 TWh per year worldwide, equivalent to 14 times today's global electricity generation. PR Newswire
• [New] The EU will implement its AI Act, Biden recently issued an Executive Order to create A.I. safeguards, and China has published rules for generative AI. SpringerLink
• [New] The state of AI 2024, 95% of technology leaders are concerned that using generative AI to create code could result in data leakage and improper or illegal use of intellectual property. Dynatrace news
• [New] America is a leader in the development of AI and, while there are dangers involved, there is the potential for AI to enhance productivity and increase economic growth. Brookings
• [New] In 2023 we saw that the industries that have already heavily invested in digitalization will be able to leverage AI at speed and deliver peak operational performance in 2024, and beyond. Diginomica
• [New] Backed by a $9 million grant from the National Science Foundation, Northeastern will lead the National Deep Inference Fabric that will unlock the inner workings of large language models in the field of AI. Northeastern Global News
• [New] Fortinet Security Operations Solutions utilize AI and advanced analytics to identify sophisticated threats early in the kill chain and automate response activity across the Fortinet Security Fabric to speed investigation and remediation. fortinet
• [New] Data center systems spending, which declined by 6.4% in 2023, is forecasted to rebound with 5.1% growth in 2024, driven by investments in Secure Access Service Edge (SASE) technologies and generative AI. Splunk
• [New] Asian nations are seizing the chance offered by online outsourcing and remote gig work to generate millions of job opportunities for their people. The Star
• [New] Microsoft today announced a broader commitment to provide AI skilling opportunities for 2.5 million people in Association of Southeast Asian Nations member states by 2025. Asia News Center
• AI remains one of hottest areas to invest in, and has the potential to have a huge impact on the global economy (estimated by PWC to be $15.7trn by 2030). BNY Mellon
• Ensuring the interoperability of governance initiatives, addressing the digital divide, and fostering a multi-stakeholder approach will be essential for realizing the full potential of AI. United Nations University
• Generative AI holds immense potential to revolutionise education systems in the Global South, offering opportunities to bridge educational gaps, support teachers, and provide personalised learning experiences. South African Generative AI Specialist
• The urge to improve efficiency and invest in cutting-edge technologies such as generative AI could provide the global economy with both a cyclical and structural tailwind. MIT OpenCourseWare
• AI leaders will increase their cloud operations, data security and AI investments throughout 2024, with 40% of large companies saying AI projects have already increased IT costs. AsiaOne

Last updated: 05 May 2024