The AI industry is experiencing significant growth and investment, with companies like Tencent and Pony AI leading the charge. Tencent is investing in AI gaming to improve the gaming experience, while Pony AI is partnering with Uber to launch robotaxi services in the Middle East. The video surveillance industry is also being shaped by AI, analytics, and cybersecurity, with 62% of partners identifying AI and generative AI as significant trends for the future. Additionally, AI is being used in various other fields, such as forex trading, product innovation, and banking. The AI Sales Assistant Software Market is projected to expand from $31.5 billion in 2022 to $92.8 billion by 2032, driven by the need to enhance sales productivity and reduce manual intervention. Companies like Gamechanger and A10 Networks are also leveraging AI to develop innovative solutions, including AI-assisted production software and AI-powered security. However, some companies, like Meta, are facing delays in rolling out their AI models, highlighting the complexities and challenges involved in developing and implementing AI technologies.
Key Takeaways
- Tencent is investing in AI gaming to improve the gaming experience and reap long-term revenue benefits.
- Pony AI is partnering with Uber to launch robotaxi services in the Middle East, bringing autonomous driving technology to the region.
- The video surveillance industry is being shaped by AI, analytics, and cybersecurity, with AI and generative AI being significant trends for the future.
- AI is being used in forex trading to automate trading decisions and make data-driven predictions.
- GenAI is being used to fast-track early-stage innovation and streamline cross-functional collaboration in product development.
- Banks are adopting GenAI to handle up to 40% of their teams' daily tasks, including fraud detection, financial forecasting, and cybersecurity.
- The AI Sales Assistant Software Market is projected to expand from $31.5 billion in 2022 to $92.8 billion by 2032, driven by the need to enhance sales productivity.
- Gamechanger is developing AI-assisted production software that can cut costs by up to 90% and is plotting a US expansion.
- A10 Networks is investing in unified platforms, automation, predictive analytics, and AI-powered security to counter AI-generated threats.
- Meta is delaying the rollout of its AI model, Behemoth, due to unspecified reasons, highlighting the complexities involved in developing and implementing AI technologies.
Tencent Invests in AI Gaming
Tencent is investing in AI gaming to improve the gaming experience. The company hopes to reap longer-term revenue by integrating AI technology across its products. Elinor Leung, Head of Asia Telecom and Internet Research at CLSA, discusses the investment on Bloomberg's The Asia Trade. Tencent's commitment to AI development may lead to short-term profit growth limitations, but it aims for long-term benefits.
Pony AI Partners with Uber
Pony AI's CFO, Leo Haojun Wang, discusses the company's partnership with Uber to launch robotaxi services in the Middle East. The partnership aims to bring autonomous driving technology to the region. Wang spoke with Bloomberg about the company's business strategy and the upcoming launch. Pony AI and Uber are working together to make self-driving cars a reality in the Middle East.
AI and Analytics Shape Video Surveillance
The video surveillance industry is being shaped by AI, analytics, and cybersecurity. A survey by Axis Communications found that 62% of partners identify AI and generative AI as significant trends for the future. End customers prioritize cybersecurity, risk, and privacy, while partners focus on AI and generative AI. The survey highlights the importance of these technologies in the industry. Professionals in the sector see these trends as interconnected factors that will shape the future of video surveillance.
Building an AI Forex Trading Bot
A guide to building an AI-powered forex trading bot using Python has been released. The bot uses real-time data and AI to make trading decisions. It calculates technical indicators and feeds them into a machine learning model to predict price movements. The bot can be used to automate trading and make data-driven decisions. The guide provides a step-by-step approach to building the bot, including getting forex price data and calculating technical indicators.
GenAI Boosts Product Innovation
Product officers are embracing GenAI to fast-track early-stage innovation. GenAI enables rapid prototyping and streamlines cross-functional collaboration. A report by PYMNTS found that product leaders are nearly twice as likely to use GenAI for innovation and concept development as for production monitoring. GenAI allows teams to explore multiple design directions efficiently and make informed decisions early on. It also enables teams to fail faster and more cheaply, clearing the path for better ideas to surface and mature.
Banks Adopt GenAI for Workload
Bank executives predict that GenAI will handle up to 40% of their teams' daily tasks by the end of the year. A survey by KPMG found that 57% of bank executives consider GenAI an integral part of their long-term vision for innovation. GenAI is being used for fraud detection, financial forecasting, and cybersecurity. Banks are also using GenAI to better inform their sales forces and personalize the customer experience. However, human oversight is essential to ensure the effective use of GenAI.
AI Sales Assistant Market Grows
The AI Sales Assistant Software Market is projected to expand from $31.5 billion in 2022 to $92.8 billion by 2032. The market is driven by the need to enhance sales productivity and reduce manual intervention. AI sales assistants are being used to automate routine tasks and provide real-time insights. The market is expected to grow at a CAGR of 11.4% from 2022 to 2032. North America leads the global market, and large enterprises dominate the end-user segment.
AI Game Show Developer Expands
An Israeli AI company, Gamechanger, is plotting a US expansion. Gamechanger has developed AI-assisted production software that can cut costs by up to 90%. The software uses AI to stitch in fabricated sets, alternate camera angles, and language changes in post-production. Gamechanger has already produced over 400 episodes of four different shows that have been broadcast in several countries.
A10 Networks Focuses on Cybersecurity
A10 Networks is doubling down on cybersecurity, hybrid infrastructure, and AI. The company is investing in unified platforms, automation, predictive analytics, and AI-powered security. A10 Networks is expanding its offerings beyond traditional DDoS protection to include web application and API protection, bot management, and AI-based detection and mitigation. The company is also embedding defensive AI into its systems to counter AI-generated threats.
Meta Delays AI Model Rollout
Meta is delaying the rollout of its AI model, Behemoth. The decision was reported by the Wall Street Journal. Meta's AI model is expected to have a significant impact on the company's operations and products. The delay may be due to various reasons, including technical issues or strategic considerations. The exact reason for the delay is not specified in the report.
Sources
- Why Tencent Is Investing In AI Gaming
- Pony AI CFO on Partnership with Uber in Mideast
- Cybersecurity, AI, and analytics dominate the future of the video surveillance industry
- Building an AI-Powered Forex Trading Bot with Python
- Product Officers Embrace GenAI’s Role in Fast-Tracking Early-Stage Innovation
- Generative AI may shoulder up to 40% of workload, some bank execs predict
- AI Sales Assistant Software Market Projected to Expand from USD 31.5 Billion in 2022 to USD 92.8 Billion by 2032
- AI-produced game show developer plotting U.S. expansion
- A10 Networks Doubles Down on Cybersecurity, Hybrid, AI
- Meta to Delay Rollout of AI Model ‘Behemoth’: WSJ