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Achieve your AI goals with an open data lakehouse approach

IBM Journey to AI blog

Why does AI need an open data lakehouse architecture? Consider this, a forecast by IDC shows that global spending on AI will surpass $300 billion in 2026, resulting in a compound annual growth rate (CAGR) of 26.5% from 2022 to 2026. Later this year, watsonx.data will infuse watsonx.ai

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AI sector study: Record growth masks serious challenges

AI News

The government’s commitment to supporting AI is evident through significant investments. In 2022, the UK government unveiled a National AI Strategy and Action Plan—committing over £1.3 This support aims to enhance the UK’s infrastructure to stay competitive in the AI market. In 2022, £18.8

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AI Bias & Cultural Stereotypes: Effects, Limitations, & Mitigation

Unite.AI

Training Bias: AI relies on historical data that can contain all sorts of discriminatory samples. How to Reduce Bias in AI Models Experts estimate that by 2026, 90% of the online content could be synthetically generated. Hence, it is vital to rapidly minimize issues present in Generative AI technologies.

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IBM Consulting unveils Center of Excellence for generative AI

IBM Journey to AI blog

In 2023 alone, IBM Consulting has interacted with more than 100 clients and completed dozens of engagements infusing generative AI alongside classical machine learning AI strategies. IDC 1 estimates the AI Services market will grow from approximately $36 billion USD in 2023 to approximately $65 billion USD in 2026.

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Predicting the Future of AI Investment in 2024 and Beyond

ODSC - Open Data Science

This multi-pronged approach allows them to develop custom AI solutions tailored to their specific needs, automate processes, gain data-driven insights, and drive innovation across different areas, ultimately seeking to gain a competitive advantage in their respective sectors. To do this, governments are harnessing AI in two primary ways.

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Establishing an AI/ML center of excellence

AWS Machine Learning Blog

According to a McKinsey study , across the financial services industry (FSI), generative AI is projected to deliver over $400 billion (5%) of industry revenue in productivity benefits. As maintained by Gartner , more than 80% of enterprises will have AI deployed by 2026.

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