AI Digest : 30th Oct

Top 10 Artificial Intelligence News

• SoftBank CEO predicts artificial super intelligence by 2035 Masayoshi Son, CEO of SoftBank Group, reaffirmed his belief that artificial super intelligence will emerge by 2035. He estimates it will require $9 trillion in investment and be 10,000 times smarter than humans, potentially reshaping the global economy.

• ASIC warns of AI governance gaps in financial services The Australian Securities and Investments Commission (ASIC) urges financial services and credit licensees to update their governance practices due to rapid AI adoption. ASIC's review revealed concerning gaps in AI-related policies and consumer protection measures.

• Huawei highlights 5.5G network capabilities for Mobile AI eraHuawei emphasizes the importance of 5.5G networks with multi-dimensional capabilities to support the emerging Mobile AI era. The company will showcase new trends and use cases at the upcoming Global Mobile Broadband Forum 2024 in Istanbul.

• World AI Show in Mumbai drives practical AI implementation The 43rd global edition of the World AI Show in Mumbai concluded successfully, bringing together tech leaders, government officials, and policymakers to discuss practical AI adoption strategies across industries and showcase innovative AI-driven solutions.

• Military Infrastructure and Logistics market to reach $56 billion by 2030 A new report predicts the global Military Infrastructure and Logistics market will grow to $56 billion by 2030, driven by increased adoption of automation and AI in logistics operations, as well as rising global demand for rapid military deployment capabilities.

• PRIO AI Days explores AI's role in global peace and security The Peace Research Institute Oslo (PRIO) hosted its second annual AI Days event, bringing together experts to discuss AI's impact on conflict prevention, peacebuilding, and global security. The event addressed both opportunities and risks presented by AI in international affairs.

• International conference on Education 5.0 and AI held in Chennai An international conference on 'Synergizing Education 5.0 and AI Technologies' was organized in Chennai, India. The two-day event brought together educators, researchers, and policymakers to discuss the transformative potential of AI in education.

• AI-powered HR tech leaders driving global expansion Four AI-powered HR technology companies are leading the charge in transforming human resources practices worldwide. These firms are leveraging artificial intelligence to streamline recruitment, enhance employee experiences, and drive global expansion strategies.

• Nvidia stock undervalued despite AI boom, says SoftBank CEO SoftBank CEO Masayoshi Son believes Nvidia stock is undervalued despite its recent surge, citing the massive capital expenditure required for AI development. Son estimates generative AI alone will demand $900 trillion in investments for data centers and chips.

• AI reshaping mobile networks as 5.5G commercialization begins As 5G enters its fifth year of commercial use, the industry is preparing for 5.5G networks with enhanced capabilities to support the Mobile AI era. The upcoming Global Mobile Broadband Forum will explore how 5.5G can deliver multi-dimensional network capabilities for AI applications.