Tech

Businesses are still unprepared for AI implementation despite high ambition

Published

2 years ago

March 6, 2024

Generative AI, touted as the next big thing in business transformation, is facing significant adoption hurdles.

Despite the widespread hype surrounding AI technologies, the survey of over 300 business leaders globally found that only 9% of businesses are significantly utilising AI in their operations.

The report highlights several barriers impeding the widespread adoption of generative AI. Concerns over data privacy, regulatory compliance, and inadequate IT infrastructure are cited as major obstacles.

Stela Solar, Inaugural Director at Australia’s National Artificial Intelligence Centre, emphasised the misconception regarding the ease of implementing mature, enterprise-ready AI solutions.

AI governance

She stressed the need for companies to enhance data quality, privacy measures, and AI governance to facilitate AI adoption.

While business leaders express optimism about AI’s potential, current deployments are largely limited to automating repetitive, low-value tasks.

The survey indicates a growing interest in expanding AI usage across various business functions, with expectations of doubling AI deployment by 2024.

However, challenges related to IT resources, capabilities, and budget constraints remain significant concerns for many organisations.

Furthermore, regulatory compliance and data privacy emerge as critical barriers to AI implementation.

The proliferation of generative AI technologies has raised legal and security concerns, with companies grappling with issues such as copyright disputes and data breaches.

Laurence Liew, director for AI innovation at AI Singapore, emphasised the importance of establishing robust governance structures and cybersecurity protocols to mitigate these risks.

Tech

Apple set to unveil budget iPhone 17e, new iPads and low-cost MacBook

Apple’s Tim Cook announces major product reveals this week, highlighting budget iPhone 17e, new iPads, and low-cost MacBook.

Published

5 days ago

February 27, 2026

Harvey Vargas

Apple’s Tim Cook announces major product reveals this week, highlighting budget iPhone 17e, new iPads, and low-cost MacBook.

Apple Inc. CEO Tim Cook has confirmed a major week of product announcements kicking off Monday morning, building momentum toward a global “Apple Experience” event across New York, London and Shanghai. The tech giant is expected to spread its reveals across three days, fuelling speculation about its biggest refresh cycle yet.

Leading the buzz is the rumoured budget-friendly iPhone 17e, signalling Apple’s push to capture more price-conscious consumers without sacrificing performance. Two new iPads powered by advanced chips are also tipped to headline the lineup, pointing to stronger AI capabilities and faster processing speeds.

Rounding out the expected reveals is a low-cost 12.9-inch MacBook that’s already generating serious interest, alongside updated MacBook Pro models and a refreshed Mac Studio. It’s shaping up to be one of Apple’s most significant multi-product launches in recent years.

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#Apple #TimCook #iPhone17e #AppleEvent #TechNews #iPad #MacBook #Innovation

Tech

Nvidia posts record revenue as AI fears shake investors

Nvidia’s £68.1 billion revenue, up 73%, raises investor concerns about AI’s impact and tech customers’ financial health.

Published

5 days ago

February 27, 2026

Harvey Vargas

Nvidia’s £68.1 billion revenue, up 73%, raises investor concerns about AI’s impact and tech customers’ financial health.

Nvidia posted strong quarterly earnings, but Wall Street remained unimpressed, causing shares to fall 5%. Analysts point to investor concerns over AI dominance and a stalled $100 billion deal with OpenAI.

Experts discuss what factors in the earnings report failed to meet market expectations, including revenue projections and details around the Vera Rubin chip architecture. Competition from alternative chipmakers and scrutiny of hyperscaler cash flows are also shaping investor sentiment.

Despite recent setbacks, analysts remain cautiously bullish on Nvidia, highlighting long-term AI potential and the company’s dominant position in the chip market.

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Tech

Meta launches lawsuits over alleged scam advertising operations

Meta targets scam advertising networks in Brazil, China, and Vietnam, intensifying its crackdown on scams across its platforms.

Published

5 days ago

February 27, 2026

Harvey Vargas

Meta targets scam advertising networks in Brazil, China, and Vietnam, intensifying its crackdown on scams across its platforms.

Social media giant Meta has launched aggressive legal action targeting alleged scam operations using its platforms. The company has filed lawsuits against four advertising networks based in Brazil, China and Vietnam.

Meta has also issued cease and desist letters to eight marketing consultants accused of helping clients bypass the platform’s enforcement systems. The move signals a tougher stance on organised scam activity operating at scale.

While no criminal charges have been laid, Meta says it is doubling down on efforts to protect users and restore trust across its platforms as scam activity continues to rise globally.

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