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What are the risks and challenges of implementing IA?
Inshorts
ยท
2m ago
Medial
While IA offers numerous benefits, it also presents challenges such as high implementation costs, potential job displacement, and data security concerns. Organizations must address these issues through strategic planning, employee reskilling, and robust cybersecurity measures to ensure successful IA integration.
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Spotify and Epic criticize Appleโs iOS changes as โa mockery of the DMAโ
The Verge
ยท
1y ago
Medial
Apple's response to the Digital Markets Act (DMA) focused on two main objectives: complying with the law and minimizing potential risks for EU users. The company prioritized user protection by implementing safeguards against malware, viruses, scams, fraud, and ensuring app functionality on Apple platforms. However, despite these measures, the DMA has introduced new challenges and threats that cannot be entirely eliminated. Apple remains committed to its users' safety and continues to address emerging risks.
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Ensure no fuel is added to 'no fuel' - The Economic Times
Economic Times
ยท
1m ago
Medial
Delhi's policy banning refueling for older vehicles faces opposition from petrol pump owners due to legal obligations, enforcement challenges, and potential business losses. The directive by the Commission for Air Quality Management prohibits refueling end-of-life vehicles in Delhi to combat pollution. However, concerns arise over safety, authority, and regional consistency, emphasizing the need for state-led enforcement. Compliance remains crucial but challenging due to personal risks faced by attendants in implementing such policies.
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'ChatGPT can't be intelligent because it's not connected to the world'
Livemint
ยท
1y ago
Medial
Rebecca Parsons, CTO emerita at ThoughtWorks Inc., emphasizes the need to understand both the potential and limitations of AI. She suggests that enterprises must be mindful of the strengths and weaknesses of different AI techniques, such as generative AI versus non-generative AI. Parsons also highlights the importance of educating people about AI and helping them understand what it can and cannot do. Additionally, she discusses the challenges of implementing AI in organizations and the role of a chief AI officer in driving AI initiatives. Finally, Parsons shares her thoughts on artificial general intelligence (AGI) and the ongoing debate about its achievability.
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AI holds potential to transform lives but poses threat if mishandled: UNESCO Education ADG
Economic Times
ยท
10m ago
Medial
Stefania Giannini, UNESCO's Assistant Director General for Education, highlighted the transformative potential of artificial intelligence (AI) but also warned about associated risks if mishandled. She emphasized the need for appropriate investments to avoid widening the digital divide and called for robust frameworks to regulate AI in education. Giannini discussed challenges in implementing AI, such as curriculum adaptation and ethical issues related to assessment systems. She also noted the changing role of teachers and the importance of developing cognitive and socio-emotional abilities to interact with AI effectively. UNESCO has published guidance on regulating AI in education.
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Chipmakers among 15 US firms eyeing $8 billion Vietnam investment: US official
Economic Times
ยท
1y ago
Medial
Fifteen US companies, including chipmakers, are considering investing $8 billion in Vietnam's clean energy infrastructure, based on the country's progress in implementing renewable energy regulations. Vietnam aims to attract chipmakers and develop its renewable energy sector, but has faced challenges in adopting rules for solar and wind energy expansion. The companies are waiting for regulatory progress and permits before proceeding with their investments, which would focus on clean energy infrastructure. The trip of US Undersecretary for Economic Growth Jose Fernandez to Vietnam aimed at implementing agreements made during the countries' upgrade to a "comprehensive strategic partnership".
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In geopolitical storm, companies urge staff to stay social media safe
Economic Times
ยท
1m ago
Medial
In response to geopolitical tensions, companies like Coca-Cola and KPMG are implementing or updating social media guidelines to prevent employees from posting controversial opinions online. This move aims to avoid reputational damage as companies can become unintentionally embroiled in social media disputes. The emphasis is on clear boundary-setting around sensitive topics such as geopolitical conflicts. Legal advisories and comprehensive social media policies are increasingly sought after to manage potential reputational risks and maintain investor confidence.
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Why wealth management firms need an AI acceptable use policy
Livemint
ยท
1m ago
Medial
Wealth management firms need a comprehensive AI acceptable use policy to mitigate risks related to data privacy, intellectual property, and regulatory compliance. As AI becomes prevalent in business practices, including financial advice and investment advisory, these policies are crucial. A Harvard study indicates 40% of American workers utilize AI for tasks like data analysis and productivity enhancement. Implementing explicit guidelines can help firms navigate AI's integration into daily operations effectively and securely.
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Cybersecurity in healthcare to grow from reactive to proactive measures
Economic Times
ยท
8m ago
Medial
Healthcare organizations are increasing their spending on cybersecurity, with hospitals allocating 8-10% of their IT budgets for preventive measures against cyberattacks. This is expected to rise to 12-15% in the next two years. The Deloitte India analysis highlights the need for proactive cybersecurity readiness in the healthcare industry, following recent data breaches and rising cyber threats. The report also emphasizes the importance of integrating cybersecurity into medical training and implementing comprehensive data privacy programs. Remote consultations through telemedicine are projected to increase, and cyber insurance policies are being adopted to mitigate financial risks from data breaches.
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Interoperable Payment System For Net Banking To Be Launched This Year: RBI
Inc42
ยท
1y ago
Medial
The Reserve Bank of India (RBI) is set to launch an interoperable payment system for net banking in 2024, aimed at facilitating quicker settlement of funds for merchants. The approval for implementing the system has been granted to NPCI Bharat BillPay, which connects banks and non-banks in the bills aggregation business. RBI Governor Shaktikanta Das believes this system will boost user confidence in digital payments and help streamline transactions that are currently not interoperable, reducing delays and settlement risks.
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India implements new measures to boost domestic growth amid global trade challenges
Economic Times
ยท
3d ago
Medial
India is implementing new measures to boost domestic growth amidst global trade challenges, including US tariffs. The government focuses on enhancing ease of doing business and fostering investment-friendly policies. Officials plan to deregulate the economy, review the GST framework, and reduce business-government touchpoints. Strengthening local manufacturing and reducing import dependence are key goals. Meetings with industry stakeholders are ongoing to identify policy interventions, aiming for a growth rate of around 6.5% by FY26.
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