This Week on AI -Summary Of Top Events
Focus on Top AI Happenings — Digest of my posts on Substack
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This is a summary of the top AI developments this week: Oct 21, 2023
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Generative AI (GenAI) is driving the next phase of digital transformation and organizations are mulling over their next strategic move to harness the power of generative AI. To delve into various aspects of generative AI and its impact on businesses, we bring you “Nasscom GenAI Confluence 2023”. The confluence will bring together thought leaders and innovators who share their insights and experiences through keynote addresses, fireside chats, and panel discussions.
Objectives of the Confluence, Speakers, Schedule, Tickets, All details here
Generative AI Report:
Generative AI is estimated to yield an annual economic value of USD2.6 to USD4.4 trillion globally, with the highest impact expected across high-tech, banking, and retail industries. Across the four application themes — Concision/Virtual Experts, Coding, Customer engagement, and Content generation — approximately 75 percent of the value is expected to be concentrated in four functions — sales and marketing, software engineering, customer operations, and product and R&D.
This study, Harnessing the Power of Generative AI — Opportunities for Technology Services, sheds light on the potential impact of Generative AI on the technology services sector, the opportunities this technology revolution holds for the industry players, and what these players can do to seize the opportunities.
This Nasscom -Mc Kinsey study was published in Sep 2023.
Get the Report here
Zoho’s Vembu Says AI Hype Will Die In 2–3 Years
After growing revenue 37% over last year’s top line, Sridhar Vembu, the unassuming founder CEO of Zoho, says he thinks AI is hype and will settle down in the next year or two. Speaking to Analytics India, Vembu, from his Indian HQ of Tenkasi, a tiny hamlet in Tamil Nadu, says he is focused on creating rural jobs that will reverse migration from villages to urban areas.
Zoho office suite of enterprise productivity tools competes head-on with @Sales Force and @Microsoft but offers great value as enterprises continue to move away from the big guys into Zoho. Zoho recently crossed 100 million customers and over $1 billion in revenue. Clearly, Sridhar knows where he is going. More:
The Techno-Optimist Manifesto
If you have not heard of this phrase in the last 4 days you will be NOT excused because it’s more or less everywhere in the futurist space. If you have been a Marc a16z follower you would have already read a summary if not the full form. But I read the full version because the future of human civilization in the face of AI and everything else interests me.
Marc Andreessen puts his stake in the ground and paints the full vision of how he sees AI penetrating human societies in the coming decade. This will reset your mind on where we are headed and how different a world we could be living in by 2033. Do not miss it.
“We believe the global population can quite easily expand to 50 billion people or more, and then far beyond that as we ultimately settle other planets” — Marc Andreessen.
The link to the full manifesto is here.
Microsoft’s Philosophy Behind AI Development
Business World carried an interview with Irina Ghose, Managing Director of Microsoft India on what drives Microsoft as it mounts a dominating approach over AI and how it will impact humanity at large.
The full interview is here.
About me: I write about life, tech, societies, and startups. I help startup founders get clarity, grow, and scale. I write regularly at ILLUMINATION.
For my bio: https://readmedium.com/meet-mr-sridhar-pai-tonse-34b7133ff1eb
eMail: [email protected]; LinkedIn — Sridhar Pai Tonse, Twitter: @tonse_pai; Medium: @tonse_pai. YouTube:@tonsepai; Subscribe to my daily AI nugget: https://sridharpaitonse.substack.com/
