The cloud computing unit of Huawei Technologies has adjusted its leadership team, as the Chinese telecommunications equipment giant competes with rivals such as Alibaba Group Holding and Tencent Holdings for a bigger slice of the market amid an artificial intelligence (AI) boom. Company veteran Zhao Minglu has taken over as legal representative and board chair … Read more
According to a PriceWaterhouseCoopers study, AI could contribute over $15.7 trillion to the global economy at the end of the decade, where $6.6 trillion is estimated to come from enhanced productivity and $9.1 trillion from consumption-side effects. AI’s ability to learn without human intervention and eliminate redundant tasks has driven high demand for the technology … Read more
Digital image libraries like Getty, Alamy and Shutterstock are facing the brunt of the artificial intelligence revolution as AI companies are harvesting their material to train generative AI. Amidst this, the UK government’s emphasis on generative AI has further angered these digital image libraries as seen in the outburst of Getty Images CEO Craig Peters. … Read more
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