Closing the Chapter: Analyzing December Tech News
The last month of 2023 brought several exciting events in the world of IT that will have long-term implications for the industry.
Hot Topic: EU's AI Regulation
The EU finally implemented a law on artificial intelligence. This document establishes rules for AI use by companies and average users.
It aims to regulate the moral aspects of AI use, risks, and the limitation of algorithms by legal norms of existing legislation.
Nevertheless, the tech sector expresses concerns over the EU AI Act, labeling it as "potentially disastrous" for innovation. France and Germany caution against over-regulation, citing the need to safeguard their leading AI start-ups.
The EU's competition and digital chief, Margrethe Vestager, defends the bloc's AI Act, emphasizing that it will provide legal certainty for tech start-ups working on foundational AI models. Despite criticism from French President Emmanuel Macron, Vestager argues that the legislation will not hinder innovation but promote it by establishing clear rules for AI development and use.
Australia's Digital ID Advancements
Australia is focusing efforts on enhancing digital ID. This technology is designed for real-time user identification, such as when accessing government or banking services.
A unique feature of the system is the verification of individuals through a webcam, potentially reducing risks and improving the security of sensitive information.?
Xfinity Hack
Approximately 36 million Xfinity accounts were compromised by hackers. The vulnerability was attributed to the Citrix system used by the communications service provider for cloud computing.
As a result of the breach, hackers obtained not only real names and addresses of subscribers but also hashed passwords, transaction data, and more.
AI Resurrects Van Gogh
Van Gogh came to life at the Orsay Museum in Paris. More precisely, a group of engineers "resurrected" him in digital form using machine learning to analyze about 900 letters from the artist.
Now, the AI virtual double readily answers visitors' questions at the institution. The most popular inquiries relate to the reasons for suicide, with widespread responses being untrue.?
Hyperloop's Disappointing End
Hyperloop concluded its journey, never materializing beyond the concept stage. Richard Branson's assurances, dating back to 2017, failed to come to fruition.
The idea, promising to connect the world with a high-speed network for both cargo and passenger transport within the next 2-3 years, was officially refuted by the company's closure last week.
On the scale of the described news, events at AdvantISS are no less interesting.
领英推荐
Below, you will learn about the achievements of the team's experts for December, including:
InsurTech Insights
Marina Kozlova shared an insightful piece titled "A Statistical Outlook on Insurance Transformation," where she delves into the present condition of the InsurTech sector.
Additionally, she posted an article on her page titled Competitive Advantages of AI in Insurance. From the material, you will learn how the application of AI in the digital infrastructure of insurance companies reduces risks associated with fraud, improves information processing capabilities, and enhances business efficiency.
IT Staff Augmentation Guide
Yuliia Koval published a guide on LinkedIn titled Choosing a Service Provider: 5 Factors to Determine Expertise. It will help companies looking for external IT professionals to work on a project, formulate requirements for the executor correctly, and choose a team that will meet the defined business needs.
Yuliia Koval also released material on the Unexpected benefits and challenges of staff augmentation. The expert revealed the drawbacks and potential of hiring team extensions, objectively assessing the strengths and weaknesses of this choice. The article answers the question, "Is this model of collaboration necessary for the company?"
Sharing AI and ML Experience
Petro Samoshkin published his analysis of the 3 Key ML Models. From the material, you will learn about the features of Supervised Learning, Unsupervised Learning, and Reinforcement Learning, as well as the most effective segments and practical applications of these models.
Petro Samoshkin also answered the question Why Is It So Hard to Hire an AI Engineer? From the article, you will learn about the differences between professionals such as Machine Learning Engineers, Data Scientists, Machine Learning Scientists, and more, and how to choose experts who will meet the needs of your project.
Logistics Tech Trends - Newsletter
Oleksander Khudoteplyi launched a series of articles, the first of which was a publication on Distribution Management Software – Challenges Associated with Distribution. You can learn about the current problems of the logistics sector and methods of overcoming them through custom DMS development.
In addition, Oleksander Khudoteplyi published a study on How DMS Can Improve Inventory Management. The expert reveals the key advantages (especially in logistics) of developing and implementing DMS for various types of businesses and nuances that should be considered for the effective application of the system.
Feel free to check his newsletter "Logistics Tech Trends" ??
With these results, AdvantISS experts have reached the end of the month and the end of the year. We hope to improve our achievements in the coming year!
We wish you new achievements in 2024, attaining set goals, success, prosperity, and peace!
Advancing Digitalization and AI | Top AI Voice | Integrating Reliable, Scalable Tech Solutions | Driving Efficiency Through Client-centric Approach
8 个月2024 promises to bring much news in the field of AI. I believe the AI regulation should finally be confirmed in the EU and the US, what make many people to feel more comfortable. But I share the thoughts of French President Emmanuel Macron that the regulation shouldn't block innovation. Also, it's important for the EU to not be too strict in comparison with main competitors (the US and China) to not lose time and get out of the game just because the local regulation.
Marketing, AI, Tech Innovations | Language Explorer ?? | Eco Enthusiast ?? | Supporting Ukraine's Future ????
8 个月Oh yes, I watched the situation with the EU AI Act all December. It will be interesting to see how it all plays out because all the comments from France and Germany are giving rejection vibes ??