The world of technology and politics is abuzz with the latest developments in AI. From Donald Trump's bizarre AI-generated video of Gaza as a futuristic paradise to Alibaba's decision to make its AI video generation model free to use globally, there's no shortage of exciting news. In this news brief, we'll delve into the key stories and takeaways from the past week.
Trump's AI-Generated Gaza Video
Donald Trump has released an AI-generated video showcasing Gaza as a glitzy, futuristic paradise, complete with luxury hotels and a giant golden statue of Trump. The video features everything from Elon Musk dining to bearded men in bikinis, and has been met with widespread criticism from Palestinian authorities and Arab states. Trump's proposal for Gaza, which involves redevelopment under U.S. ownership, has been deemed "absurd" by Hamas leader Ismail Haniyeh.
Kyndryl's AI Investment in the UK
Kyndryl has announced plans to create a technology hub in Liverpool and invest in the UK, with a focus on AI implementation and software engineering capabilities. The investment is seen as a strategic move to strengthen Kyndryl's European footprint and support digital transformation for both UK and global customers.
AI Stocks to Watch
Certain Wall Street analysts believe that Arm Holdings and Axon Enterprise have the potential for significant gains in the next year. Arm's adjusted earnings are expected to increase by 32% annually through fiscal 2026, while Axon's adjusted earnings are expected to increase at 22% annually through 2025.
CFOs and AI
A recent survey by PYMNTS Intelligence revealed that CFOs are embracing AI-powered financial modeling, risk management, and forecasting tools, but are doing it on their own terms and with their own data. The survey showed that 68% of CFOs consider generative AI to be very or extremely important for risk management, with 97% expressing high or complete trust in its outputs in this domain.
AI-Powered Compliance
AI-powered compliance is helping FinTechs navigate regulation and innovation. Companies in the sector have been reexamining their go-to-market strategies amid a changing environment and among ever-younger customers. Platforms are embracing the chance to expand beyond their core offerings into financial services, but must avoid the pitfalls of becoming the proverbial "Jack of all trades and master of none" strategy.
AI Hiring
The use of AI-powered recruiting is becoming more common, with companies like Paradox, Lowe's, FedEx, and McDonald's using the technology to hire new talent. However, some applicants have reported difficulties with the AI hiring process, citing opaqueness and a lack of personal interaction.
Alibaba's AI Video Generation Model
Alibaba has made its AI video generation model free to use globally, further ramping up competition with rivals like OpenAI. The Chinese giant said it is open sourcing four models that are part of its Wan2.1 series, the latest version of the company's foundational AI model that can generate images and video from text and image inputs.
Trump's Gaza Plan
US President Donald Trump's plan to transform Gaza has taken a sharp turn towards realizing what his desires are for the strip of land engaged in a deadly battle with Israel for over a year - but only through Artificial Intelligence (AI). Trump had said earlier this month he wanted to "take over" Gaza and turn it into "the Riviera of the Middle East" - drawing bouquets from his allies and brickbats from Hamas and the Arab world.
Key Takeaways
- AI is becoming increasingly important in various industries, from finance to technology.
- CFOs are embracing AI-powered financial modeling, risk management, and forecasting tools, but are doing it on their own terms and with their own data.
- AI-powered compliance is helping FinTechs navigate regulation and innovation.
- The use of AI-powered recruiting is becoming more common, but some applicants have reported difficulties with the AI hiring process.
- Alibaba has made its AI video generation model free to use globally, further ramping up competition with rivals like OpenAI.
- Trump's plan to transform Gaza has taken a sharp turn towards realizing what his desires are for the strip of land engaged in a deadly battle with Israel for over a year - but only through Artificial Intelligence (AI).
Sources
- Watch: Trump shares insane AI video of Gaza with golden statues, Netanyahu and men in bikinis - The Times of India
- Kyndryl Aims To Strengthen UK Tech Sector With AI Investment
- Nasdaq Sell-Off: 2 AI Stocks to Buy Before They Soar 120% and 135%, According to Certain Wall Street Analysts
- CFOs Give External GenAI Data the Cold Shoulder, at Least for Now
- Stop the slop! Give up AI for Lent.
- TECNO Set to Launch Its Groundbreaking AI Product Ecosystem with The Newest CAMON 40 Series
- AI-Powered Compliance Helps FinTechs Navigate Regulation and Innovation
- Ready or not, here come the AI-hiring bots
- Alibaba makes AI video generation model free to use globally
- Trump Shares AI Visuals Of How Gaza Would Look After Riviera Makeover