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AI Business News Roundup: Monthly Highlights and Insights
Gen AI Surges
A recent McKinsey survey highlights an explosive growth in generative AI adoption across businesses, yet reveals a concerning lack of preparedness for associated risks, notably inaccuracy.
Emerging research points to the significant energy demands of generative AI models, prompting a call for more sustainable AI practices to reduce the environmental footprint.
2023 marks a turning point in AI oversight, with major policy developments from the EU’s AI Act to the US executive order, aimed at establishing responsible AI development and usage standards.
The AI field sees a shift in demand for specific roles, with a growing need for data engineers and machine learning engineers, reflecting the changing dynamics of AI adoption and implementation.