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How Generative AI Is Reshaping Online Trading

Inc42Inc42 · 1y ago
How Generative AI Is Reshaping Online Trading
Medial

Generative AI is transforming online trading by leveraging algorithms to generate data and make predictions. Market research indicates substantial growth potential for Generative AI in investing and trading in the Indian financial market, with projections estimating a market size of INR 9101 Cr for investing and INR 11.76K Cr for trading by 2032. Generative AI enables traders to simulate market conditions, identify patterns, and develop effective strategies. It excels in predictive analytics, risk management, portfolio optimization, and personalized trading strategies. Additionally, Generative AI enhances productivity by rapidly analyzing data and autonomously executing trades, leading to more efficient and profitable outcomes for traders.

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How AI Coaches Will Revolutionise Tech Startups?

Inc42Inc42 · 1y ago
How AI Coaches Will Revolutionise Tech Startups?
Medial

The coaching industry is integrating AI, with technologies like AI coaching and digital cloning offering startups an advantage by providing continuous learning and customized experiences at scale. India's AI startup ecosystem is growing rapidly, with a significant number of registered startups and unicorn companies. The global AI market is expected to reach $407 billion by 2027. AI coaching and digital cloning are becoming crucial forces for the future, providing affordable and personalized leadership development. These technologies support scalability, data-driven analysis, and enhanced decision-making. They also offer cost-effectiveness, real-time feedback, and the ability to enhance human coaches' capabilities. AI coaching tools are reshaping leadership development in the tech sector and transforming how knowledge is shared and monetized online. They enable startups to expand their digital presence, connect with a global audience, and stay competitive in a fast-paced market.

GenAI to generate economic value worth $2.6-$4.4 trillion annually: Report

Economic TimesEconomic Times · 1y ago
GenAI to generate economic value worth $2.6-$4.4 trillion annually: Report
Medial

Generative AI (GenAI) is projected to generate annual economic value ranging from $2.6 trillion to $4.4 trillion. Around 75% of this value is expected to be concentrated in core service lines such as software engineering, customer operations, R&D, and sales and marketing, which are essential for technology service providers in India. Over the next five years, more than 100 GenAI use cases are predicted to drive 15-20% additional growth, with potential productivity improvements of 30% in the next two to three years. The generative AI space is rapidly evolving, with providers reshaping their approaches and increasing investments in areas like technology, talent, and risk management.

AI can drive efficiency, but raises market concentration concerns: Competition Commission chief

Economic TimesEconomic Times · 1y ago
AI can drive efficiency, but raises market concentration concerns: Competition Commission chief
Medial

The Competition Commission of India (CCI) plans to commission a study on the impact of artificial intelligence (AI) and machine learning (ML) on competition. The study will explore how AI is reshaping market dynamics and address the challenges it poses to existing competition law frameworks. CCI Chairperson Ravneet Kaur emphasized the need to ensure that the competition framework remains robust in the face of AI-related concerns such as market concentration and anti-competitive behavior. The study will also examine how AI can be utilized by the regulator itself. The CCI has been actively working to tackle anti-competitive practices through enforcement actions and advocacy measures.

AI helps boost creativity in the workplace but still can't compete with people's problem-solving skills, study finds

Business InsiderBusiness Insider · 1y ago
AI helps boost creativity in the workplace but still can't compete with people's problem-solving skills, study finds
Medial

Artificial intelligence (AI) is set to reshape the workplace, but a recent study has found that people mistrust AI for the wrong reasons. The study, titled "How People Can Create—and Destroy—Value with Generative AI," revealed that individuals are more trusting of AI for tasks where it is more likely to make mistakes. However, when it comes to tasks requiring problem-solving skills, human performance outweighs the capabilities of AI. The study also highlighted the potential reduction in diversity of thought when relying heavily on generative AI. Ultimately, the study suggests that AI will become an important tool for collaboration between humans and machines in the workplace.

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