The Strategist
Innovation & Tools

Artificial intelligence brings 20% of revenue to BCG consulting company - 04/26/2024

In an interview with the Financial Times, Christoph Schweizer, the CEO of the global consulting firm BCG, stated that his company anticipates making $12 billion in revenue this year, with 20% of that amount coming from artificial intelligence (AI) consulting. The manager clarified that this was a reference to advisory services related to integrating AI into the operations of BCG's client...

Google will delete billions of records containing users' personal data - 04/02/2024

Google has consented to remove billions of user activity records, including personal information of over 136 million Americans who use the Chrome browser. In June 2020, a class action lawsuit was launched against Google. Attorneys for the plaintiffs and the company declared at the end of December 2023 that they had come to a settlement to assist with the lawsuit's settlement. Among other things,...

Study: 8 million people in Britain could lose their jobs because of AI - 03/29/2024

A paper on the possible threats artificial intelligence (AI) poses to the regional labor market was released by the Institute for Public Policy Research (IPPR) in Britain. The IPPR presented three potential scenarios – best-case, baseline, and worst-case. Each scenario examines three levels of risk. In the worst-case scenario, the nation's GDP would not rise and 8 million jobs would be lost as a...

Apple to integrate Google's AI model into iPhone - 03/19/2024

According to Bloomberg, which cites sources, Apple Inc. and Google are in discussions about incorporating the Gemini artificial intelligence model inside the iPhone. They state that there is active discussion between the two firms regarding the prospect of incorporating certain new capabilities into the revised iPhone software that will be launched later this year, using Google's Gemini....

Mercedes-Benz is testing humanoid robots at a factory in Hungary - 03/18/2024

German automaker Mercedes-Benz is testing humanoid robots named Apollo at a plant in Hungary, as reported by the Financial Times. The robots can lift up to 25 kg, have a height of around 170 cm, and weigh roughly 73 kg. They will be employed for quality control and component delivery to assembly lines. According to the FT, Mercedes-Benz intends to use the robots to carry out "physically...

European Parliament approves world's first law to ban unacceptable use of AI - 03/14/2024

The European Parliament passed a bill on artificial intelligence (AI). Its authors believe that this legislation will promote innovation and safeguard citizens' fundamental rights while also promoting security. The applicable legislation was accepted in Strasbourg during the plenary session, having been agreed upon during the EP deliberations with EU member states in December 2023. The new...

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...
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