The International Monetary Fund released its latest World Economic Outlook on Tuesday, revising its US growth forecast while predicting a slowdown in expansion in the Eurozone. The IMF has raised its forecast for U.S. growth this year to 2.1%, an increase of 0.3 points from the latest estimate in July. The outlook for next year…
Chinese tech giant Tencent will launch its “Hunyuan” artificial intelligence model for enterprises at its annual summit on Thursday, said Dowson Tong, chief executive of Tencent’s cloud and intelligence industry group. The news comes a few days after Baidu unveiled a slew of AI-powered apps on Tuesday because of more supportive regulation. Tencent said it…
According to LinkedIn’s latest Future of Work report, Singaporean workers are the fastest adopters of AI skills in the world. The report, which collected data from 25 countries, found that Singapore has the highest “spread”, with a 20-fold increase in the proportion of members adding AI skills to their profiles since January 2016. According to…
Mike Coop, chief investment officer at Morningstar Investment Management, says market participants are “overconfident” in their ability to predict the long-term impact of AI. Despite the setback so far this month, optimism about AI’s potential to boost future profits has lifted the tech-heavy NASDAQ Composite over 38% for the year, while the S&P 500 is…
