The Strategist
Innovation & Tools

OpenAI unveils AI system for creating video from text - 02/19/2024

OpenAI, a US technology startup, has released Sora, an AI system for creating videos. Based on text queries, Sora can produce lifelike films, writes The Wall Street Journal. A group of scholars and researchers will be able to use OpenAI to find ways to exploit the system and offer suggestions for countermeasures. The general public cannot currently access the software. The business said that it...

Global tech sector companies lay off over 34,000 people since the year beginning - 02/13/2024

According to the Layoffs.fyi website, global tech corporations let go 34,250 employees in total since the beginning of 2024. Over that time, PayPal Holdings, eBay, and Microsoft Corp., all based in the United States, have reduced thousands of positions. The total number of layoffs for the entire previous year was 263,000. Analysts cited by the Financial Times claim that corporations might...

Crew Dragon spacecraft with commercial tourists launched to the ISS - 01/19/2024

SpaceX announced on Friday that the Crew Dragon reusable manned spaceship carrying space tourists on board was launched to the International Space Station (ISS) as a component of the Axiom commercial program. SpaceX's Falcon 9 rocket launched the ship from Kennedy Space Center's Launch Complex 39B at Cape Canaveral, Florida at 4:49 p.m. U.S. East Coast time on Thursday. The ship's crew includes...

Gartner forecasts 6.8% growth in global IT spending in 2024 - 01/18/2024

Research firm Gartner has projected that global investment on information technology (IT) will reach over $5 trillion in 2024, an increase of 6.8%. In October, Gartner released its prior projection, which called for growth to $5.1 trillion, an increase of 8%. Through 2023, it is anticipated that global IT spending will rise by 3.3% to $4.68 trillion. Although generative artificial...

Samsung Electronics leads in number of patents granted in the US - 01/10/2024

Autonomous driving technology accounted for the majority of patents in the US. South Korean company Samsung Electronics has taken the top place for the past two years in terms of the total number of patents acquired in the US. Analytical firm IFI Claims Patent Services analyzed the U.S. Patent and Trademark Office data, and placed Qualcomm Inc. on the second place and Taiwan Semiconductor...

EY notes progress in the use of AI in auditing - 12/05/2023

Other Big 4 international auditors are not very optimistic. According to the Financial Times, EY, one of the "Big Four" international auditors, has tested an artificial intelligence (AI) system designed to identify fraud on some of its clients' accounts and has found encouraging results. According to Kathryn Barrow, managing partner at EY UK and Ireland, the AI system found suspicious conduct...

General Motors to suspend production of robot taxis - 11/09/2023

US General Motors will halt production of robotaxis, writes Barron's citing the company’s statement. "We are finalising production of a small number of pre-commercial vehicles and then plan to temporarily suspend production," a spokesperson for General Motors stated. At the same time, no significant modifications in the company's strategy are expected, according to the publication. "We believe...

SpaceX launches 23 new Starlink satellites into orbit - 11/06/2023

Falcon 9 vehicle successfully launched another batch of 23 mini-satellites into orbit to refill the orbital constellation of the Starlink system's global Internet coverage network, SpaceX reports. The rocket took off from the 40th launch pad at the US Space Force installation in Florida, Cape Canaveral. This is the 121st Starlink’s launch since May 2019, and the 52nd since the start of the...

EC President names 4 conditions to ensure safe AI - 11/03/2023

According to Ursula von der Leyen, president of the European Commission, there should be four requirements for safety measures to "understand and mitigate the risks" connected to the application of artificial intelligence (AI). She listed them speaking at the first summit on the safe use of AI in the UK. "First and foremost, we require a robust, autonomous scientific community with the...

Google to start manufacturing Pixel smartphones in India - 10/20/2023

Google, a subsidiary of the holding company Alphabet Inc., has declared its intention to begin producing Pixel smartphones in India. These will be the newest, eighth series of Pixels. They will go on sale early in 2024. Google senior vice president Rick Osterloh stated, "We are committed to delivering the best hardware and software solutions to customers in India." India is a priority market for...
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