Recent surveys, studies, forecasts and other quantitative assessments of the progress of AI highlighted US consumers’ interest in AI working alongside their physicians, the current porn-heavy state of deepfakes, the potential business benefits of Robotic Process Automation (RPA), and the impact of automation on incomes and employment.
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Bloomberg: Automation has “contributed substantially” to reducing the portion of national income that goes to U.S. workers over the past two decades, according to a new study by economists at the Federal Reserve Bank of San Francisco. Despite the lowest unemployment rate in around 50 years, the so-called labor share has fallen to about 56% from 63% in 2000 and the increased use of robots and other technology has been an important driving factor.
Of the 14 most prominent tech IPOs in 2019, only four newly minted stocks—Zoom Video, Pinterest, Fastly and Cloudflare—were above their first-day opens at the end of September.
On October 1, both Uber and Lyft’s stocks reached their lowest prices since they began trading earlier this year… Uber’s market cap is now at $49.6 billion and Lyft is at $11.6 billion, according to Yahoo Finance. The two companies were worth a maximum of $72 billion and $15.1 billion respectively according to private investors, before they went public.
In a global analysis based on Deloitte’s most recent State of AI in the Enterprise survey, early adopters were asked to identify the primary benefits of implementing AI in their organizations.¹ Respondents say using AI to enhance existing products and services is their most sought-after externally focused benefit, with 43% ranking it in their top three, while 31% prioritize using it to optimize external processes. The top internally focused benefit, meanwhile, is optimizing business operations, with 41% placing it among their top three choices, followed by using AI to make better decisions, cited by 34% of respondents.
Recent surveys, studies, forecasts and other quantitative assessments of the progress of AI, highlighted the growing reluctance of US consumers to chat with chatbots, the growing expectations of AI as a critical business component, and the growing employee skills gap due to the deployment of new technologies.
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