Generative AI is being integrated into media and marketing operations at all levels. It's used to improve client results, boost sales, and enhance product launches. This adoption shows the industry now sees generative AI as a practical business tool rather than just a novel technology.
Salesforce plans to hire over 1,000 employees to sell its new generative AI product, Agentforce. The company aims to capitalise on the momentum of this new AI offering, with the CEO reporting positive customer feedback.
Beaverlab's new AI-powered telescope, the Finder TW2, is crowdfunding on Indiegogo. It offers 4K imaging at a lower cost than premium smart telescopes, with AI-enhanced images, a touchscreen, and portable design. While good for moon and sun viewing, it struggles with other celestial objects, especially in less-than-ideal conditions. Its camera is compatible with other telescopes, but overall performance may not meet expectations for comprehensive night sky viewing.
A Tony Blair Institute report projects AI could displace 1-3 million UK private sector jobs over two decades, with annual displacement peaking at 60,000-275,000. AI may boost GDP by 1% in five years, rising to 6% by 2035. Administrative, secretarial, sales, customer service, banking, and finance jobs face the highest risk. The impact will likely focus on cognitive tasks. These projections depend on AI development, investment, and government policies.
Enterprise tech providers are seeing strong growth from AI adoption. Palantir's revenue increased 30% year-over-year, with 54% growth in US commercial revenue. Lumen Technologies is experiencing higher demand for AI infrastructure support. DigitalOcean launched new AI offerings and saw 12% revenue growth. Helport AI's revenue jumped 132% as it expanded to over 30,000 users globally. These developments indicate widespread AI adoption across the tech industry.
Nvidia has become the world's most valuable company, surpassing Apple. The AI chipmaker's shares reached a record high, nearly tripling since the start of the year due to high demand for its AI chips. However, trading volumes have remained low, possibly due to uncertainties surrounding the US election and chip export restrictions.
Lumen Technologies has secured over £3.5 billion in new AI-related business, focusing on data-centre connectivity. The company partnered with Google Cloud and aims to reduce debt with these deals. Despite a Q3 net loss, Lumen increased its full-year free cash flow forecast. The company's stock value has surged by over 450% in the past year due to its AI initiatives.
Palantir Technologies reported strong Q3 earnings, with its stock rising over 16%. The AI company raised its full-year revenue guidance, citing high demand for AI services.
Companies across sectors are heavily investing in conversational AI powered by large language models, with some firms projected to spend tens of millions annually. A comprehensive list of 50 companies' AI usage, models, and expenditure has been compiled.
A Chinese autonomous driving company has raised $100 million and aims to have its system in 200,000 cars by 2025, up from 20,000 now. The system is comparable to Tesla's and could enable affordable smart EVs in China. The company's mapless approach gives it a cost advantage.
