In 2026, the software industry is facing a major crisis as Artificial Intelligence (AI) begins to "eat" traditional software. High-profile Israeli companies like Wix, monday.com, and Nice have seen their market values drop significantly as investors fear that AI agents will make standard software subscriptions obsolete.
The article highlights several key shifts:
McKinsey and Amazon Web Services (AWS) have created a new partnership called the Amazon McKinsey Group (AMG).
This group combines McKinsey’s business strategy with AWS’s cloud and AI technology. Many companies want to use AI and automation but struggle to get real results. AMG aims to solve this by using one integrated team to handle everything from the first plan to the final setup. They want to help large companies achieve outcomes worth $1 billion or more.
AI is changing how consulting firms like McKinsey & Company work and how they get paid.
Watch this video and discuss it with your teacher.
Photographer Miles Astray submitted a human-made image "Flamingone" in an AI competition and won. Unfortunately when the organizers realized his photo was not AI generated, they disqualified him. Astray wanted to highlight the importance of questioning the authenticity of photos, videos and audios.
Following his disqualification, Astray had this to say, "I couldn’t live the life I’m living without technology, so I don’t demonise it, but I think its often a double-edged sword with the potential to do both good and harm.
Meta, Facebook and Instagram’s parent company plans on using public Instagram and Facebook posts to train AI from June 26. This includes posts, photos, and captions, but not private messages. The company will notify users in the UK and EU, making it possible for them to opt out by completing a form.
The article discusses how the production of AI chips could have significant geopolitical implications. These chips, which serve as the backbone of AI technology, are primarily manufactured in a few key countries like the United States and China. However, as AI becomes increasingly integral to various industries, other nations may seek to establish their own chip-making capabilities.
The article "Developing AI: Like Raising Kids?" draws parallels between nurturing artificial intelligence (AI) systems and raising children. It emphasizes the importance of early experiences, feedback, and the interplay between nature and nurture in both processes. Just as children learn from their environment, AI algorithms require diverse and representative data for robust development.
The article explores the potential impact of artificial intelligence (AI) on the consulting industry, particularly focusing on whether AI could replace traditional consulting firms like McKinsey & Company. It discusses the rise of AI-driven platforms and tools that offer data analysis, problem-solving, and decision-making capabilities comparable to those of human consultants.
OpenAI’s chatbot offers paraphrases, whereas Google offers quotes. Which do we prefer?
The article explores the capabilities and limitations of ChatGPT, an AI language model developed by OpenAI, particularly in its ability to understand and generate human-like text. It discusses how ChatGPT is trained on vast amounts of text data from the internet, enabling it to mimic human conversation and provide contextually relevant responses.
Artificial intelligence (AI) consumes a significant amount of energy, especially deep learning models, and in a few years it is expected that energy use will double. This energy consumption is due to the increasing demand for AI across various industries, which contributes to carbon emissions.
Microsoft is planning to put a lot of money, about 2.9 billion dollars, into Japan to make their computer systems better. They want to improve their Artificial Intelligence (AI) and build more data centers. These data centers are like big buildings where lots of computers are kept and they store all kinds of information.
Itochu and BCG are collaborating on AI-powered consulting in Japan. They aim to combine BCG's consulting expertise with Itochu's data and AI capabilities to offer innovative solutions to Japanese businesses.
The partnership reflects a growing trend of integrating AI into traditional consulting services, leveraging data analytics for strategic insights. This collaboration seeks to enhance efficiency and effectiveness in business decision-making processes, potentially transforming the consulting landscape in Japan.