Latest AI (Artificial Intelligence) News
AI Reshapes Non-Tech Industries' Bottom Lines in 2025
Companies integrating AI saw major margin expansions, with JPMorgan reporting $2B in savings from $2B AI investments via tools like Coach AI boosting productivity 95% and fraud detection saving $1.5B. This 'great broadening' diversified S&P 500 growth beyond tech giants into banking and real economy sectors.
Labor reductions sparked regulatory debates on AI economic impact.
Global AI Awards 2025 Honors Top Innovators
Winners announced across categories like AI in Finance (Q4, Nest Bank), Manufacturing (SMARTECH), and LLMs (Litera Lito). Recognitions highlight real-world impact in hospitality, cybersecurity, and agentic AI by firms like HTS Assist and Aviatrix.
Event celebrates transformative AI solutions evaluated by experts.
Generative AI Consumer Spending to Hit $70B by 2030
Forecast predicts $70B global spending on gen AI by 2030, driven by hardware upgrades and software like chatbots reaching 5B MAU. OpenAI leads, with Google/Microsoft growing fast; niche tools in art and editing set for takeoff.
Hardware shifts to mid-range smartphones with 26% annual growth.
AI's Rapid Rise Sparks Job Displacement Debates
AI could automate 12% of U.S. labor market tasks worth $1.2T in wages, hitting white-collar sectors hardest per MIT study. Bill Gates calls it unprecedented disruptor across industries.
Optimistic data shows wage growth and expected hiring increases in AI-exposed jobs.