Showing posts with the label digital change

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Oil states unleash AI revolution: Billions flow into Silicon Valley

In a breathtaking turn of events, the Gulf states are taking the heart of the technology world by storm. With dizzying sums from their bulging sovereign wealth funds, they are catapulting themselves to the forefront of the AI revolution and making even tech giants like Microsoft green with envy.     how oil-rich Gulf states are pumping billions into future technologies and competing with tech giants. The gold rush of the 21st century Forget oil - the new black gold is called artificial intelligence. Saudi Arabia, the United Arab Emirates, Kuwait and Qatar have recognized this and are putting everything on one card. Last year, their investments in AI companies literally exploded, increasing fivefold. The newly founded AI fund MGX from the Emirates is now even getting involved in the shooting star OpenAI. With a colossal valuation of 150 billion dollars, OpenAI is becoming the object of desire for investors from the desert.     David against Goliath? No way! W...

Artificial colleagues: The future of work

The world of work is undergoing a transformation. Driven by rapid technological advances, particularly in the field of artificial intelligence and robotics, we are experiencing a transformation that is fundamentally changing our ideas about work. Once dismissed as science fiction, robots are now a reality and are increasingly conquering our working world. Humanoid robots also haggle over carpet prices   The robot revolution The integration of robots into production processes has enormous potential. They can take on tasks that are dangerous, monotonous or simply too strenuous for humans. Their precision and endurance increase productivity and enable the manufacture of products of previously unknown quality. But this development also raises numerous questions.   On the one hand, automation carries the risk of job losses. While robots can take on increasingly complex tasks, many people could lose their jobs. Industries that are characterized by a high number of rou...