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To understand the risks posed by AI, follow the money

O'Reilly on Data

Given that our leading scientists and technologists are usually so mistaken about technological evolution, what chance do our policymakers have of effectively regulating the emerging technological risks from artificial intelligence (AI)? However, there is one class of AI risk that is generally knowable in advance.

Risk 221
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Rising Tide Rents and Robber Baron Rents

O'Reilly on Data

The answer can be found in the theory of economic rents, and in particular, in the kinds of rents that are collected by companies during different stages of the technology business cycle. What Is Economic Rent? Once the patents expire, there is competition from so-called “generic drugs,” and the price comes down.

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3 ways to break out of AI ‘pilot purgatory’

CIO Business Intelligence

Today we worry this phenomenon is playing out with enterprise adoption of generative AI. Generative AI (genAI) arrived on the scene with use cases such as “support chatbots” or “talk to your documentation apps” that were so obviously useful that many companies are well on their way to taking them into production.

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8 strategies for accelerating IT modernization

CIO Business Intelligence

Consider how fast generative AI went from avant-garde to ubiquity: At under two years, it may be a record. New tech moves from bleeding edge to mainstream at an ever-increasing pace. In contrast, only 27% of those categorized as DX laggards say as much. Recent research found that application modernization took an average of 16 months.

Strategy 140
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Accelerating generative AI requires the right storage

CIO Business Intelligence

It’s an appropriate takeaway for another prominent and high-stakes topic, generative AI. Generative AI “fuel” and the right “fuel tank” Enterprises are in their own race, hastening to embrace generative AI ( another CIO.com article talks more about this). Generative AI’s economic impact, per McKinsey , will add $2.6-4.4

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Enterprises aren’t using data to make business decisions: Salesforce survey

CIO Business Intelligence

Nearly 67% of 10,000 business leaders polled globally are not using data to set pricing in line with economic conditions such as inflation, according to the Untapped Data Research survey. Just 21% of the survey respondents said they are using data to make decisions about their company’s diversity goals.

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15 ways to grow as an IT leader in 2024

CIO Business Intelligence

Reengage with learning “The pandemic offered many of us a reprieve from attending conferences — and I enjoyed the break from conference food and delayed flights — but now it’s time to reengage,” says George F. CIOs, too, are expanding their executive capabilities — as they should be — given the everchanging list of challenges they face.

IT 131