Welcome to the AI trough of disillusionment

[ad_1] For many companies, excitement over the promise of generative artificial intelligence (AI) has given way to vexation over the difficulty of making productive use of the technology. According to S&P Global, a data provider, the share of companies abandoning most of their generative-AI pilot projects has risen to 42%, up from 17% last year….

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Can AI truly transform businesses? Yes, if adopted thoughtfully

[ad_1] The buzz around Artificial Intelligence (AI) is inescapable. While there are no widespread examples of substantial impact yet—outside specific areas like software development—many believe AI could be transformative for businesses. McKinsey & Company, for instance, estimates that AI could add up to $4.4 trillion to annual global output by 2030. While the possibilities prompt…

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India uniquely poised to combine sprawling DPI with power of AI: Nandan Nilekani

[ad_1] New Delhi, Apr 11 (PTI) India is uniquely placed to combine its sprawling digital public infrastructure (DPI) with the power of artificial intelligence to unleash transformative use cases, Infosys chairman and Aadhaar architect Nandan Nilekani said on Friday. Speaking at Carnegie India’s Global Technology Summit ‘Sambhavna’, Nilekani cautioned that while artificial intelligence (AI) hype…

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Data at threat: The Trump administration’s war on statistics won’t end well

[ad_1] In a time of great economic uncertainty, US President Donald Trump’s administration quietly took a step recently that could create even more: Secretary of commerce Howard Lutnick disbanded the Federal Economic Statistics Advisory Committee (FESAC).  Shutting down an obscure statistical advisory panel may not strike anyone as a scandal, much less an outrage. But…

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Sam Altman acknowledges Google’s dominance in global web traffic rankings: ‘Man, still a long way to go!’

[ad_1] OpenAI CEO Sam Altman has acknowledged the significant gap between ChatGPT and Google after a recent report ranked the AI-powered chatbot as the sixth most visited website in the world for January 2025. Taking to X, Altman shared a post from web analytics firm Similarweb, stating, “Man, still a long way to go to…

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