IFOW: AI can have a positive impact on jobs

In a world where sensational headlines about AI and autonomous robots dominate the media landscape, a new report sheds light on a different narrative.

The research, funded by the Nuffield Foundation, explores the nuanced impacts of AI adoption on jobs and work quality. Contrary to the doomsday predictions, the report suggests that AI could have a positive influence on employment and job quality.

The study, conducted by the Institute for the Future of Work (IFOW),...

20 September 2023 | Artificial Intelligence

UK’s AI ecosystem to hit £2.4T by 2027, third in global race

Projections released by the newly launched Global AI Ecosystem open-source knowledge platform indicate that the UK's AI sector is set to skyrocket from £1.36 trillion ($1.7 trillion) to £2.4 trillion ($3 trillion) by 2027. The findings suggest the UK is set to remain Europe's AI leader and secure third place in the global AI race behind the US and China.

The Global AI Ecosystem platform is developed with support from AI Industry Analytics (AiiA) and Deep Knowledge Group....

7 September 2023 | Artificial Intelligence

ChatGPT’s political bias highlighted in study

A study conducted by computer and information science researchers from the UK and Brazil has raised concerns about the objectivity of ChatGPT.

The researchers claim to have discovered substantial political bias in ChatGPT's responses, leaning towards the left side of the political spectrum.

Published in the journal Public Choice this week, the study – conducted by Fabio Motoki, Valdemar Pinho, and Victor Rodrigues – argues that the presence of political bias in...

18 August 2023 | Applications

AMD: Almost half of enterprises risk ‘falling behind’ on AI

AMD has unveiled insights from a comprehensive survey of IT leaders, indicating that nearly 50 percent of enterprises are facing the risk of lagging behind in the adoption of AI.

The survey focused on 2,500 IT leaders from the US, UK, Germany, France, and Japan. The findings spotlight both the enthusiasm surrounding AI's potential benefits and the significant challenges that organisations encounter in implementing AI technologies.

The survey revealed a compelling...

16 August 2023 | Artificial Intelligence

Explosive growth in AI and ML fuels expertise demand

AI and machine learning are reshaping the job landscape, with higher incentives being offered to attract and retain expertise amid talent shortages.

According to a recent report by Harnham, a leading data and analytics recruitment agency in the UK, the demand for ML engineering roles has been steadily rising over the past few years.

Recently, there’s been a shift towards MLOps professionals who possess the skills to bridge the gap between data scientists and data...

28 July 2023 | Enterprise

Google report highlights AI’s impact on the UK economy

A new report by Google emphasises that AI represents the most profound technological shift of our lifetime and has the potential to significantly enhance the UK's economy.

The report suggests that by 2030, AI could boost the UK economy by £400 billion—leading to an annual growth rate of 2.6 percent.

Steven Mooney, CEO of FundMyPitch, commented:

“If AI is projected to bring billions to the UK economy, then why on earth aren’t our start-ups and SMEs...

5 July 2023 | Artificial Intelligence

Google creates new AI division to challenge OpenAI

Google has consolidated its AI research labs, Google Brain and DeepMind, into a new unit named Google DeepMind.

The move is seen as a strategic way for Google to maintain its edge in the competitive AI industry and compete with OpenAI. By combining the talent and resources of both entities, Google DeepMind aims to accelerate AI advancements while maintaining ethical standards.

The new unit will be responsible for spearheading groundbreaking AI products and advancements,...

21 April 2023 | Artificial Intelligence

Demand for AI expertise surges by 1,000%

Fiverr has released its seventh Business Trends Index, revealing a surge in demand for AI expertise.

The ongoing skills shortage is making it difficult for businesses to attract, and retain, tech industry talent. AI expertise is particularly in-demand.

Among the sectors that have seen the biggest increase on Fiverr’s platform include ‘Accounting and Finance’ services, which has seen an 835 percent increase over the past six months—showing a clear demand for AI...

18 April 2023 | Artificial Intelligence

AI professionals seek job flexibility and stability over exciting perks

Research suggests that AI professionals looking for a new job prioritise flexibility and stability over exciting perks.

Despite recent high-profile layoffs, the wider talent shortage is ongoing. Organisations looking to attract, or retain, the best candidates are offering numerous unique benefits.

However, research from BenchSci finds that AI, machine learning, and data professionals are mostly looking for flexibility and stability in their future...

20 March 2023 | Enterprise

£370m plan launched to turn UK into ‘tech superpower’

A pile of Sterling notes.

The Prime Minister and Technology Secretary have unveiled the Government’s plan to cement the UK’s place as a science and technology superpower by 2030, alongside a raft of new measures backed by over £370 million to boost investment in innovation, bring the world’s best talent to the UK, and seize the potential of ground-breaking new technologies like AI.

The new Science and Technology Framework is the first major piece of work from the newly created Department...

6 March 2023 | Artificial Intelligence