China proposed a global AI governance body open to the Global South, emphasizing open-source collaboration, at the World Artificial Intelligence Conference in Shanghai. This move contrasts with the US approach, which focuses on dominating AI development and control, versus China's strategy of influencing through widespread adoption and distribution.
The US is vulnerable to economic security threats from China, which uses malign tactics such as intellectual property theft, coercive partnerships, and state-subsidized dumping to acquire advanced technologies and gain a competitive edge. Critics of export controls argue that they may limit access to China's large market, but this concern is overstated by those who downplay the risks to US national security and the integrity of technology markets.
Copado has secured funding from prominent investors including Insight Partners, Softbank, IBM, Capgemini, and Salesforce Ventures. The company is revolutionizing development workflows with its AI capabilities, benefiting over 1,750 global brands such as Coca-Cola, Medtronic, T-Mobile, and Volkswagen.
Dubai's RTA is launching a new platform called "Data Drive – Clear Guide" to alleviate congestion in the emirate using artificial intelligence. The platform provides instant traffic updates and analytics tools, allowing for real-time evaluation of traffic performance and comparison with historical data. It aggregates data from international specialist firms and uses intelligent tools to deliver accurate information on traffic conditions. The platform enables swift intervention by RTA teams during traffic diversions and events, automates report generation, and displays real-time road conditions via an interactive map.
Hershey Law, a Los Angeles-based firm, has secured a $27.5 million verdict in an employment retaliation case against Dignity Health with the help of Eve's Legal AI Platform. The platform provided critical support during the multi-week trial, enabling the team to access deposition transcripts quickly, track judicial rulings, summarize daily briefings, and craft arguments faster than manual methods. This landmark victory demonstrates the transformative potential of AI technology in legal settings, helping smaller firms compete against well-resourced corporations like Dignity Health.
HopeAI is a company that uses advanced statistical innovation to improve clinical trial design, patient recruitment, and decision-making. By combining comprehensive clinical evidence with cutting-edge technology, HopeAI aims to increase the success rate of clinical development.
The global Artificial Intelligence SAAS market is expected to grow significantly, driven by innovation from top companies such as IBM, Microsoft, and Google. The market is segmented by deployment mode, organization size, end-user industry, and geography. Cloud-based AI solutions are leading the way, with large enterprises adopting them rapidly. BFSI and retail industries are among the largest users of AI SAAS, while manufacturing and energy sectors are also investing heavily. Companies like NVIDIA and Amazon are pioneering advancements in AI technology, enabling faster and more accurate decision-making for businesses worldwide.
iCIMS has released its August Workforce Report, which found that nearly a quarter of AI adopters save over five hours per week in hiring compared to non-users. The report, based on commissioned data from Lighthouse Research & Advisory and a survey of 1,000 U.S. adults, also revealed that employers are embracing AI for high-volume tasks such as screening and matching, but prefer human judgment for final offers. Candidates are experiencing mixed views on the role of AI in hiring, with younger generations believing it is fairer, while older generations remain skeptical. The report highlights the need for transparency in how organizations use AI, with 82% of candidates agreeing they want to know how AI evaluates their applications.
A committee headed by Pushpak Bhattacharyya, a computer scientist at IIT Bombay, recommends creating an enabling framework to integrate AI with digital platforms like UPI and designing audit frameworks for the finance sector. The central bank established this committee in December to develop a Framework for Responsible and Ethical Enablement of Artificial Intelligence (FREEAI).