PricewaterhouseCoopers U.S. will invest $1 billion to expand and scale its artificial intelligence capabilities over the next three years. The accounting giant will work with Microsoft and OpenAI to automate parts of its tax, audit and consulting services. In addition to scouting for AI software acquisitions, the investment will also fund training for its staff of 65,000 and recruitment of new talent. PwC predicts generative AI will “change business models and reinvent entire industries,” contributing up to $15.7 trillion to the global economy by 2030. Continue reading PwC’s $1 Billion Investment in AI Includes Microsoft, OpenAI

Generative AI has become a buzzword in the business community, resulting in 65 percent of executives in a recent KPMG survey saying they believe the technology will have a high or extremely high impact on their organization in the next three to five years. Yet most say they are unprepared for immediate adoption, with 60 percent estimating they are 12 to 24 months from implementing their first generative AI solution. Fewer than half of respondents say they have the right technology, talent, and governance in place to successfully implement generative AI. Continue reading Enterprise Anticipates AI Impact but Few Execs Are Prepared

A KPMG report revealed that 67 percent of tech sector employees fear losing their jobs to automation and 70 percent worry their jobs will be eliminated due to the economic downturn. In other industries, only 44 percent of workers are concerned about losing their jobs to automation and 57 percent worry their jobs will disappear. Conducted in April, the survey queried 1,000 full-time/part-time workers, of whom 223 were in the tech sector. Twitter founder and CEO Jack Dorsey stated that, in the future, AI will write its own software. Continue reading Tech Sector Workers Fearful of Losing Jobs to AI Automation

According to App Annie, in 2018 India was the country with YouTube’s biggest audience. As 4G rates in that country are below $2 per month, Indians are now streaming mobile video at rates that are 10 times and billions of hours more per year than in the last three years. Research by global consulting firm Analysys Mason boils that down to 85 gigabytes of data, potentially more than 40 hours of video per month without using Wi-Fi, more than rates in the U.S., China or Japan. The mobile video usage is transforming Indian media. Continue reading India Is YouTube’s No. 1 Audience with 250M Monthly Viewers

As artificial intelligence-based tools become more widespread in the business industry, cloud service companies are debuting tools that explain the artificial intelligence algorithms they use to provide more transparency and assure users of their ethical behavior. That’s because regulated industries are demanding it. Capital One and Bank of America are just two such companies interested in using AI to improve detection of fraud, but want to know how the algorithms work before they implement such tools. Continue reading Accounting, Finance Industries Demand Explainable AI Tools

Amazon’s shares rose to $2,050.50 on Tuesday, pushing the company’s value to over $1 trillion, making it the second U.S. firm to reach that pinnacle since Apple did so early last month. By the end of the day, shares fell to $2,039.51, below the $1 trillion mark. Amazon, which employs more than 550,000 people, generates more than $178 billion in annual revenue and captures 49 cents from every dollar spent on e-commerce. To continue its growth, Amazon is now offering its local Indian website and apps available in Hindi. Continue reading Amazon Briefly Worth $1 Trillion, Targets India With Hindi Site

The MPAA has launched an ad-free search engine that helps viewers easily locate movies and TV shows available from authorized sources. WhereToWatch.com — essentially a refresh of the WhereToWatch.org site launched last spring — is the latest effort by the trade group to combat piracy and provide consumers with legal options for accessing their media content. The site offers links and related info for titles available via Amazon, Apple’s iTunes, Hulu, Netflix, SnagFilms and WolfeOnDemand. Continue reading MPAA Points Viewers to Legal Sources for Movies, TV Shows

According to a KPMG study, Hollywood is now offering more content through legal digital venues than ever before. As of the end of 2013, 94 percent of the 808 top films analyzed by KPMG were available legally for U.S. consumers through online VOD services, while 85 percent of the 724 most popular and critically acclaimed TV shows were also available. In related news, the amount of Netflix streaming video has grown 350 percent in the last 10 quarters, and now averages 93.2 minutes per subscriber daily. Continue reading Study: More Top Movies and TV Shows Available Legally Online