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Key Takeaway To prevent innovation from being hindered by regulatory complexities, a shared language is vital. Global standards organizations like ISO, IEC, and OECD provide frameworks that unify diverse regulatory and ethical views, facilitating the responsible adoption of AI. Unlike regulations, which impose rules, standards create a consensus-based foundation to guide regulatory approaches. The push […]
Key Takeaway EY’s AI-powered tools, like EYQ Assurance Knowledge, utilize Gen AI to summarize complex accounting and auditing information, tailored to specific industries and regions. Committed to responsible AI, EY emphasizes transparency and ethical frameworks to mitigate risks. Partnering with Microsoft, EY harnesses advanced data and AI services to create unified data fabrics for real-time […]
Key Takeaway BYD employs a vertical integration strategy, producing about 75% of its vehicle components in-house, including Blade Batteries and electric motors. In contrast, Tesla’s Model 3 produced in China has an estimated 46% in-house component share. BYD’s subsidiary, BYD Semiconductor, is developing AI chips capable of 80 trillion operations per second to compete with […]
Key Takeaway ABB has recognized limited synergies between its Robotics division and other operations, citing differing market demands. CEO Morten Wierod stated that both ABB and SoftBank see a new era of AI-based robotics, believing their collaboration can shape this future. The partnership aims to leverage ABB’s technology and industry expertise alongside SoftBank’s advanced AI […]
Key Takeaway Global Credit Union, based in Alaska, is leveraging geographic isolation to drive digital innovation, serving 770,000 global members with AI and automation technologies. Lori Moore, Senior Vice President of Technology Engineering, leads this transformation with a “people-first automation” approach, focusing on enhancing member experience rather than technology for its own sake. Initially unfamiliar […]
Key Takeaway Global Credit Union, a $12 billion institution, is leveraging AI and automation to enhance service for its 770,000 members. Led by Lori Moore, Senior VP of Technology Engineering, the focus is on “people-first automation,” which aims to augment rather than replace human roles. This approach has generated $250,000 in value from robotics and […]
Key Takeaway The launch of the EGIC aligns with growing business pressures to achieve climate goals while enhancing productivity. A 2020 World Resources Institute report warns that freshwater demand could surpass supply by 56% by 2030. Calvin Emanuel, VP of Ecolab’s Net Zero Solutions, emphasizes the need for businesses to produce more with less water […]
Key Takeaway World Wide Web Day 2025 highlights ongoing efforts to improve the internet amid concerns over misinformation, privacy, and accessibility. Advocates emphasize the need for a more equitable digital landscape, addressing issues like data security and online harassment. The article discusses initiatives aimed at enhancing user experience and fostering a safer online environment. As […]
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