The UK is outpacing the US for AI hiring

A new report finds that the UK has been growing its AI job market faster than the US over the last five years. 

Analysing job listings data, the report by AIPRM found that – between 2017 and 2022 – the average yearly growth rate for AI hiring was 1.2% in the US. This compares to 1.22% in the UK over the same period. 

The UK's strong performance means it outpaced other major economies like India (1.19% growth), Canada (1.26%), and Brazil...

7 February 2024 | Artificial Intelligence

Bank of England Governor: AI won’t lead to mass job losses

Andrew Bailey, Governor of the Bank of England, has rebutted fears that AI will lead to widespread unemployment.

"I'm an economic historian, before I became a central banker. Economies adapt, jobs adapt, and we learn to work with it. And I think, you get a better result by people with machines than with machines on their own," Bailey told the BBC.

Bailey's comments come as the latest economic assessment shows that UK businesses investing in AI are expected to see gains...

2 February 2024 | Artificial Intelligence

Financial services introducing AI but hindered by data issues

According to research by EXL, around 89 percent of insurance and banking firms in the UK have introduced AI solutions over the past year. However, issues with data optimisation could hinder their impact.

The researchers surveyed executives at top UK insurers and lenders about their AI strategies and found that 44 percent have deployed AI across eight or more business functions—especially in marketing, business development, and regulatory compliance. 

Nearly 9 in 10...

29 January 2024 | Applications

MyShell releases OpenVoice voice cloning AI

A new open-source AI called OpenVoice offers voice cloning with unprecedented speed and accuracy.

Developed by researchers at MIT, Tsinghua University, and Canadian startup MyShell, OpenVoice uses just seconds of audio to clone a voice and allows granular control over tone, emotion, accent, rhythm, and more.  

MyShell unveiled OpenVoice in a post this week, linking to a pre-reviewed research paper explaining the technology as well as demo sites on MyShell and...

3 January 2024 | Applications

AI & Big Data Expo: Maximising value from real-time data streams

As digital transformation accelerates across industries, more and more companies are recognising the untapped value in their real-time data streams. Enterprise streaming analytics firm Streambased aims to help organisations extract impactful business insights from these continuous flows of operational event data.

In an interview at the recent AI & Big Data Expo, Streambased founder and CEO Tom Scott outlined the company’s approach to enabling advanced analytics on streaming...

19 December 2023 | Enterprise

AI & Big Data Expo: Ethical AI integration and future trends

Grace Zheng, Data Analyst at Canon and Founder of Kosh Duo, recently sat down for an interview with AI News during AI & Big Data Expo Global to discuss integrating AI ethically as well as provide her insights around future trends. 

Zheng first explained how over a decade working in digital marketing and e-commerce sparked her interest more recently in data analytics and artificial intelligence as machine learning has become hugely popular.

At Canon, Zheng’s team...

18 December 2023 | Artificial Intelligence

Turning data into gold: 10 exceptional AI marketing campaign examples

In the ever-changing realm of digital marketing, artificial intelligence (AI) has emerged as a revolutionary force, transforming raw data into marketing gold. This blog delves into the transformative impact of AI in marketing, exploring its diverse applications and showcasing ten exceptional AI marketing campaigns that have set the benchmark for innovation.

The adoption of AI is rapidly gaining momentum, with 35% of businesses currently utilizing AI-powered solutions. This trend...

18 December 2023 | Applications

AI & Big Data Expo: Unlocking the potential of AI on edge devices

In an interview at AI & Big Data Expo, Alessandro Grande, Head of Product at Edge Impulse, discussed issues around developing machine learning models for resource-constrained edge devices and how to overcome them.

During the discussion, Grande provided insightful perspectives on the current challenges, how Edge Impulse is helping address these struggles, and the tremendous promise of on-device AI.

Key hurdles with edge AI adoption

Grande highlighted three primary...

15 December 2023 | Artificial Intelligence

Google Cloud announces Imagen 2 text-to-image generator

Google Cloud has introduced Imagen 2, the latest upgrade to its text-to-image capabilities.

Available for Vertex AI customers on the allowlist, Imagen 2 enables users to craft and deploy photorealistic images using intuitive tooling and fully-managed infrastructure. 

Developed with Google DeepMind technology, Imagen 2 offers improved image quality and a range of functionalities tailored for specific use cases.

Key features of Imagen 2...

14 December 2023 | Applications

Dynatrace: Organisations embrace AI, yet face challenges

Research from Dynatrace sheds light on the challenges and risks associated with AI implementation.

The report underscores the need for a composite AI approach. This involves combining various AI types – such as generative, predictive, and causal – along with diverse data sources like observability, security, and business events. This holistic strategy aims to provide precision, context, and meaning to AI outputs, ensuring reliable results.

Key findings:

83%...

12 December 2023 | Applications