Global AI and Data Analytics in Construction and Property Roundup #3
James Garner
Senior Director at Gleeds | Global Head of Data, Insights & Analytics | Data IQ 100 2023 | BSc (Hons) First Class, FRICS, RITTECH, AMBCS
Welcome to the "AI and Data Analytics in Construction Roundup Nr 3". As the world of construction continues to evolve with the integration of cutting-edge technologies, it's crucial to stay updated with the latest developments.
In this edition, we delve into a range of intriguing articles that shed light on the current state and future prospects of AI in various sectors:
These articles and more provide a comprehensive overview of the rapidly changing landscape of AI and its implications across industries. Dive in to stay informed and ahead of the curve!
"AI Takes Over Construction: Major Growth Predicted Worldwide by Key Players Autodesk, IBM, Microsoft, and Oracle"
The global Artificial Intelligence (AI) in Construction market is expected to experience significant growth between 2023 and 2029, according to a new research report. The report provides an overview of the historical, current, and future outlook of the market, along with the factors responsible for such growth. It also presents information on regional segmentation and highlights key market trends and future growth prospects. Key players in the industry, including Autodesk, IBM, Microsoft, and Oracle, are identified, along with their objectives. The report aims to provide stakeholders with valuable insights to help them identify emerging territories, reduce costs, improve sales, explore new strategies, and streamline their growth cycles. Market dynamics, competitive landscape, and market size and forecast are also covered in the report.
"DOD Establishes Task Force Tango: Leading the Charge in Revolutionary AI Innovation for National Security"
The U.S. Department of Defense (DoD) has announced the creation of a task force dedicated to generative artificial intelligence (AI). The task force, named Task Force Lima, will be responsible for analyzing and integrating generative AI tools, such as large language models, across the DoD. The goal of this initiative is to harness the power of AI in a responsible and strategic manner, ensuring national security and minimizing risks. Task Force Lima, led by the Chief Digital and Artificial Intelligence Office (CDAO), will assess, synchronize, and employ generative AI capabilities while considering potential disruptions from adversaries. By leveraging partnerships with other government agencies, the task force aims to pursue generative AI initiatives in areas like warfighting, business affairs, health, readiness, and policy. The establishment of Task Force Lima reflects the DoD's commitment to leading the charge in AI innovation and staying at the forefront of cutting-edge technologies that enhance defense and national security.
"Nvidia Unveils Game-Changing A.I. Chip: Say Goodbye to Expensive LLM Costs!"
Nvidia has unveiled its new GH200 chip, which it claims will significantly reduce the costs of running large language models (LLMs). The new chip has 141 gigabytes of memory, compared to the 80GB offered by its highest-end AI chip, the H100, and also includes a 72-core ARM central processor. Nvidia CEO Jensen Huang stated that the processor was designed for the scale-out of the world's data centres. Huang added that the GH200 will be able to run any large language model, reducing the inference costs to previously unseen lows. The new chip is Nvidia's response to increased competition in the AI hardware sector from AMD, Google and Amazon.
"Tim Cook Reveals Apple's Bold Plan: AI Integration into Every Product"
Apple CEO Tim Cook has announced that the company is building artificial intelligence (AI) into "every product" it develops. Cook's comments come after concerns were raised that Apple was falling behind its competitors in the AI field. While Apple has been relatively silent about its plans for AI, Cook stated that the company has been researching AI and machine learning for years and is increasing its investment in the technology. Cook also noted that AI and machine learning are fundamental core technologies for Apple, and they are integral to the design of its products. He emphasized that Apple is committed to investing and innovating with these technologies to enrich people's lives.
"Google Assistant Gets a Supercharge with Generative AI, Bringing AI Capabilities to New Heights!"
Google Assistant is set to receive a major upgrade through the implementation of generative AI, according to a new report. Google plans to revamp its voice assistant in order to enhance its capabilities and make it more advanced than ever before. The company aims to use technology similar to ChatGPT, which will optimize the assistant's ability to understand natural language prompts and expand its range of capabilities. The project will involve some restructuring within the Assistant team, including the merging of Google's Services and Surfaces team and leadership changes. This move by Google comes as Amazon has also announced plans to update its Alexa voice assistant with a more capable large language model. With these advancements, voice assistants are expected to become more intelligent and provide users with an even better AI-powered experience.
"Breakthrough Study Shows AI's Promise in Breast Cancer Screening - A Game-Changer in Medical Diagnosis"
A study conducted by Lund University in Sweden has found that artificial intelligence (AI) can accurately read breast cancer screening images. The researchers found that computer-aided detection had a similar success rate in spotting cancer as two radiologists. Although more research is needed to determine whether AI could be used in screening programmes, experts in the UK agree that AI holds immense promise in breast cancer screening. Previous research had analysed scans that had already been reviewed by doctors, but this study saw AI-supported screening compared directly with standard care. The AI-supported screening tool, followed by interpretation by radiologists, resulted in 244 women being diagnosed with cancer, compared to 203 women recalled from standard screening. The false-positive rate was the same in both the AI group and the group assessed by radiologists. The potential for AI to address the global shortage of radiologists was highlighted.
"Unlock the Power of Custom Instructions: Get a Unique and Personalized ChatGPT Experience!"
OpenAI has made the "custom instructions" feature on ChatGPT available to all users, allowing them to personalize their AI experience. Previously, ChatGPT responses were standardized for all users, but now users have the power to customize their chatbots and give them specific instructions on how to respond. The feature allows users to set parameters such as formality, response length, preferred language, and even the way the chatbot addresses the user. With custom instructions, users can create a more efficient, useful, and fun interaction with ChatGPT. To use the custom instructions feature, users simply need to open ChatGPT, select their account name, and click on "Custom instructions." They can then provide background information and dictate how the chatbot should respond to their queries. The possibilities are endless, as long as the instructions can fit within the character limit.
"Plumbing jobs safe for now: Why A.I. won't be replacing trade workers like plumbers"
In the age of artificial intelligence (AI), many people are concerned about the future of their jobs. However, according to an article by WHYY, trade workers like plumbers are safe from being replaced by AI, at least for now. While AI and robotics have advanced significantly, they are still limited when it comes to tasks that require spatial reasoning, such as plumbing. AI models are task-based and struggle to navigate complex and dynamic environments like the ones plumbers encounter every day. Additionally, AI lacks the ability to understand and reason about space and the human body in the same way that humans do. Furthermore, the cost and effort required to rebuild infrastructure and train robots for specific tasks make it more practical to continue employing human trade workers. So, while AI continues to transform industries, it seems that trade jobs like plumbing will remain safe from automation for the time being.
领英推荐
Revolutionizing Construction Project Management: Global Estimating Software's Impact on Technology Development.
The article discusses the impact of global construction estimating software on technology development and project management in the construction industry. The software has revolutionized project management by streamlining processes and increasing efficiency. It accurately estimates the cost of a construction project by considering factors such as labor costs, material costs, equipment costs, and overheads. This eliminates guesswork and inaccuracies associated with traditional cost estimation methods, reducing the risk of cost overruns and project delays. Moreover, global construction estimating software has led to the development of other advanced technologies, such as the integration of artificial intelligence (AI) and machine learning (ML) which can forecast project costs with greater accuracy. It has also enabled the development of cloud-based solutions that enhance collaboration and communication among team members, especially in the era of remote work. The software has influenced the integration of construction project management with other business functions, leading to the development of enterprise resource planning (ERP) systems tailored for the construction industry. Additionally, it has spurred the development of mobile applications for construction project management, increasing productivity. The impact of global construction estimating software extends beyond the construction industry, inspiring other industries to explore similar solutions to optimize their project management processes. Overall, this software has transformed project management and paved the way for more advanced technologies and solutions.
"The Rise of Artificial Intelligence: Will Machines Outsmart and Replace Us?"
Artificial intelligence (AI) is posing a profound challenge to humanity, potentially leading to the end of the human era, according to an article in the New Statesman. The author, John Gray, explores the concerns surrounding AI and its implications for society. He notes that while AI has the potential to bring many benefits, such as analyzing large amounts of data and automating complex tasks, it is not a tool that can be directed solely towards achieving human-defined goals. Once AI has been introduced into the world, its evolution will have its own momentum, beyond human control. Gray argues that AI represents a metaphysical shock to human consciousness and raises questions about what it means to be human. While there are concerns that AI could lead to human extinction, Gray suggests that the human world may be emptied of meaning as more people opt for a programmed existence in the technosphere.
News Corporation Profits Plummet 75%: Betting Big on AI for Future Success
News Corporation, the media giant that owns brands such as The Sun, The Times, and the Wall Street Journal, has reported a 75% decrease in profits. The company attributed the decline to higher newsprint costs, sports programming costs, and negative foreign currency fluctuations. However, CEO Robert Thomson remains optimistic about the future, pointing to the "remarkable opportunity" of artificial intelligence (AI). Thomson believes that generative AI, which can create text, images, audio, and other media, could boost the company's fortunes. He highlighted that digital products accounted for over 50% of News Corp's annual revenues for the first time. Thomson stated, "We are already in active negotiations to establish a value for our unique content sets and intellectual property that will play a crucial role in the future of AI." Although the company's earnings before interest, tax, depreciation, and amortization are down 15%, Thomson believes there are sound reasons for optimism in the coming quarters.
"AI's Game-Changing Advantage for Insurers in General Liability Claims"
Artificial intelligence (AI) is revolutionizing the insurance industry, particularly when it comes to general liability claims. General liability claims can be costly for insurance companies, but AI can help minimize these costs by streamlining processes and providing valuable insights for decision-making. These claims typically arise from accidents or incidents during business operations, where businesses are held liable for injuries or damages sustained by third parties. AI can assist insurers in minimizing the amount paid per claim while ensuring fair treatment for the injured party. By leveraging AI technology, insurance companies can improve efficiency, reduce costs, and make more informed decisions when it comes to general liability claims. Overall, AI provides insurers with the edge they need to effectively navigate the complexities of general liability insurance.
"Discover the shocking predictions made in the 1960s for the year 2000! #HistoryTime #TikTokTrends"
In this article, we dive into the fascinating world of history and predictions. It seems that even back in the year 2000, people were making guesses about what life would be like in the future. And now, with the help of TikTok, these predictions are making a comeback. The article highlights a TikTok video that has gone viral, featuring a group of kids from the 1960s discussing what they think the year 2000 will be like. From flying cars to robots doing everyday tasks, their predictions are both entertaining and surprisingly accurate in some cases. It's interesting to see how our perception of the future has changed over the years. While some of the predictions seemed far-fetched at the time, we can now look back and see how technology has evolved and how some of those ideas have become a reality. So if you're a history buff or just curious about what people in the past thought the future would look like, this article is a must-read. Get ready to be amazed and amused by the predictions of these kids from the 1960s.
"White House Raises the Stakes in Cybersecurity Battle with AI-Based Contest to Protect Government Systems"
The White House has launched a multimillion-dollar cyber contest to encourage the use of artificial intelligence (AI) in securing U.S. government infrastructure from hackers. The contest aims to address the growing threat of malicious actors using AI for hacking and cyber attacks. The two-year challenge, led by the Defense Advanced Research Projects Agency (DARPA), offers around $20 million in rewards. Technology firms such as Google, Anthropic, Microsoft, and OpenAI are making their AI systems available for the challenge. The contest seeks to harness the power of generative AI to bolster cybersecurity defenses and catalyze a larger community of cyber defenders. The Open Source Security Foundation will ensure that the winning software code is implemented immediately. This contest highlights the need to stay ahead in the race between offense and defense in cybersecurity.
"Will AI take over your job? New studies reveal the professions most at risk"
Two new studies have revealed how artificial intelligence (AI) is impacting the future of work in the United States. The studies suggest that certain professions are at a higher risk of being replaced by AI by 2030. According to the McKinsey Global Institute, the professions most impacted by AI acceleration include office support, customer service, sales, production work, and food services. On the other hand, health, STEM, transportation, warehousing, business, and legal professionals are projected to grow under AI. The studies also found that about 20% of U.S. workers are considered to have "high exposure" to AI, with workers in low-paying jobs being more likely to change occupations due to AI. However, not all workers view AI as a threat, with some believing that it can enhance their work options. The future impact of AI on jobs is still uncertain, but it is definitely a tool to keep an eye on.
"Is the Fate of ChatGPT in Jeopardy? Corporations Weigh Data Security Concerns."
As ChatGPT, the AI-powered chatbot developed by OpenAI, gains popularity among workers, some corporations are raising concerns about data security and intellectual property breaches. While many companies have started incorporating ChatGPT into their professional routines, others have implemented strict bans on its usage, while some remain uncertain about their company's stance. The rise in adoption has also sparked worries about data privacy and potential intellectual property leaks. For example, conversations generated by ChatGPT are accessible to third-party human reviewers, raising concerns about data replication and knowledge dissemination. The regulatory landscape surrounding ChatGPT is also evolving, with potential sector-specific rules and procedures being considered. However, despite these concerns, the integration of ChatGPT and AI tools into corporate environments is expected to continue, highlighting the need for secure procedures and guidelines to ensure responsible usage.
Intel CEO Takes Bold Step: Integrating AI into Every Platform We Build
In a recent earnings call, Intel CEO Pat Gelsinger announced plans to integrate artificial intelligence (AI) into every product the company builds. Intel will soon release Meteor Lake, its first consumer chip with a built-in neural processor for machine learning tasks. Gelsinger believes that AI will eventually be incorporated into all Intel products. He emphasized that AI and cloud computing do not necessarily go hand in hand and that AI-enabled capabilities must be done on the client to be effective. Gelsinger also mentioned that AI will play a role in various areas including hearing aids, retail and manufacturing, industrial use cases, and enterprise data centers. While Intel has traditionally not been known for its AI capabilities like Nvidia, Gelsinger's statement suggests that the company is looking to establish its presence in the AI market and integrate AI into a wide range of products.