How risky can GenAI be?
That’s a tough cookie, you see.
Use it for PR or marketing, Not hacking or jailbreaking, Else, end up in jail or flee.
If that limerick made you blink, these statistics should make you think: The Asia-Pacific region (including China, India, and Japan) will invest US$78.4 billion on AI by 2027—compared with US$24.8 billion in 2022— growing at a 25.5% annual clip. That estimate from IDC (International Data Corporation) includes hardware, software, and services.
IDC says the increase in AI spending reflects a shift towards leveraging innovative tech, including GenAI (Generative AI), to help operations, boost customer experiences, and boost competitive edge.
“GenAI has gained a huge momentum,” says Vinayaka Venkatesh, IDC’s senior market analyst for the Asia-Pacific. “Most organizations in the region have already started investing in GenAI or are navigating its potential. Some key challenges while exploring GenAI include trustworthiness, privacy, security, copyrights, and finding a suitable business partner. However, these hurdles can be overcome as the technology matures.”
As for the Indo-Pacific region outside of Japan and China, AI adoption is led by India, Australia, and South Korea. This sub-region will account for 34% of Asia-Pacific’s AI spend and is set to grow at a 26.8% annual clip to cross US$28.2 billion by 2027. Japan is the third-highest investing region in AI solutions, with US$12 billion in investments expected by 2027. Japanese companies use GenAI to boost productivity, quality control, risk management and customer experiences.
MOOT POINT
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
The Ripple Effect Of Recent Layoffs
The recent wave of layoffs across various industries has sent shockwaves through the global workforce. From tech giants to traditional corporations, companies have been forced to downsize in response to economic challenges, market shifts, and technological advancements. This article delves into the far-reaching implications of these layoffs, examining their impact on individuals, communities, and the broader economy, with a particular focus on how these trends are reshaping engineering education.
Bridging the Teacher Training Gap for Effective NEP Implementation
Bridging the teacher training gap is essential for effective NEP 2020 implementation, ensuring educators are equipped to foster the next generation's holistic development.
How Cloud Technology is Empowering Indian SMEs: Key Insights from Tata Teleservices and CyberMedia Research
India's booming economy and the robust digital infrastructure are fuelling a wave of innovation, with businesses of all sizes - from established enterprises to agile small and medium enterprises (SMEs) - embracing powerful new technologies. Underpinning this growth charge is Cloud - a critical foundation for India's ongoing digital T transformation journey.
Breaking Barriers: Gender Inclusivity and AI Bias
Shreya Krishnan, Managing Director of AnitaB.org India, shares insights on the progress and challenges of gender inclusivity in the Indian tech industry and the pervasive impact of bias in AI systems.
Harnessing AI for Gaming Innovation, Games24x7
As the global online gaming industry continues its rapid expansion, the AI in gaming market, valued at approximately $2.6 billion in 2022, is expected to grow at a CAGR of around 29.5% from 2023 to 2030 Artificial Intelligence is playing a pivotal role in shaping the future of this dynamic sector.
Aditi Jain Reveals the Blueprint for Future-Ready Engineers
Aditi Jain, HR Leader | Talent Management & Development at Visionet, discusses the importance of emerging technologies and industry-academia collaborations in preparing engineering graduates for the future.
Campus-Corns - The new Summa Cum Laude?
It's strange when an OEM starts to build its own brand of cars. They are just supposed to supply the crucial parts. So why this last-mile and long-tail jump? But then, don't they have the best grip in understanding the car? So why not?
Preparing Engineers for the Modern Workplace
In recent years, the landscape of engineering education has undergone a significant transformation. However, the rapid pace of technological advancements and shifting industry demands have exposed critical gaps in the skills and knowledge of recent engineering graduates. As these young professionals step into the workforce, they are often confronted with challenges that their academic training has not adequately prepared them for. To address these issues, industry experts and educators are calling for a comprehensive overhaul of engineering curricula, emphasizing the importance of real-world problem-solving, projectbased learning, and the integration of emerging technologies.
From Funnel Vision to Gun-Barrel Vision
Eyeing the Future of Tech Skills and shooting for the bull's eye-it's time engineering talent was sharpened with a close eye on what orbits are black and which ones are white in the future dartboard of opportunities and industry requirements. Maybe that's already happening.
Practical experience & adaptability to emerging tech the key
The 2024 DQ-CMR T-School Employability Index Survey presents an in-depth analysis of the evolving landscape of engineering education in India, particularly in terms of employability and industry-readiness. This survey, conducted across a diverse range of engineering institutions, sheds light on critical developments, trends, and challenges that are shaping the future of BE/BTech graduates in the Indian job market.