Category: Uncategorized
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How banks and businesses can prep for the FedNow instant-payment system
After a pilot program that lasted six months, the US Federal Reserve System plans to launch its FedNow real-time payment system in July. But many banks and businesses could be caught flatfooted when it launches. The central bank’s payment and settlement rail is designed to increase liquidity, especially for small businesses and supply chain participants…
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Microsoft pushes for government regulation of AI. Should we trust it?
By now, virtually everyone agrees that powerful generative AI needs to be regulated. In its various forms, it presents a variety of potential dangers: helping authoritarian regimes, thanks to its ability to create misinformation; allowing Big Tech firms to establish monopolies; eliminating millions of jobs; taking over vital infrastructure; and — in the worst case…
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Meta exec: VR meetings will coexist with, not replace, videoconferencing (for now)
Often associated with gaming, virtual reality may one day have a place in the office too, providing a more immersive experience and greater sense of presence than is possible with a video call. That’s the idea behind Meta’s Horizon Workrooms, a virtual 3D environment where colleagues can meet and interact just as they would in…
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AI will kill these jobs (but create new ones, too)
Generative artificial intelligence (AI) tools such as ChatGPT are rapidly gaining traction, allowing the technology to be used throughout the enterprise to automate a variety of manual tasks performed by workers today, leading to what’s expected to be a major shift in the global job market. In the US and Europe, as many as 300…
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The coming productivity disruption of generative AI
It surprises me that as recently as December, Generative AI wasn’t even on my radar. Now, it’s what most of us who focus on technology talk about all the time. Things are changing fast in tech. I’ve seen a number of arguments that we are overhyping generative AI, but then I came across this video…