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Innovator Founder and Editor-in-Chief Jennifer L. Schenker
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This week marked the unveiling of GPT-4, a generative AI large language model that can respond to both text and images and perform better than humans on many standardized tests, including college entrance and bar exams. If pundits are right the technology will become an important enterprise productivity tool, impacting the future of work. “We think 2023 will be the year that generative AI will become prevalent and a key component of modern office work,” Charles Lamanna, Microsoft’s corporate vice president of business apps and platforms said in an interview with The Wall Street Journal Both Microsoft and Google made announcements this week aimed at doing exactly that. Read on to learn more about this story and this week's most important technology news impacting business. |
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| Former Cisco Executive Chairman John Chambers says it’s clear India is increasingly being viewed as a global power in technology. So how did India find itself in this ideal position? Chambers outlines the multiple factors working in the country's favor in his 27th exclusive column for The Innovator. Paying subscribers can access the full column. |
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Who: Arun Sundararajan is the Harold Price Professor of Entrepreneurship and Professor of Technology, Operations and Statistics at New York University’s Stern School of Business. His research studies how digital technologies transform business, government and civil society. He is the author of the best-selling book The Sharing Economy published by the MIT Press. Sundararajan has been a member of the World Economic Forum’s Global Future Councils on Technology, Values and Policy and on the New Economic Agenda and has provided expert input about the digital economy to the United States Congress, the European Parliament, the United Nations and dozens of government agencies and regulators globally.
Topic: ChatGPT, generative AI, and the future of work
Quote: "Think of generative AI as a source of opportunity. It is not a substitute for workers but a supplemental way of creating specialized pools of expertise for clients and its technology can be used to improve knowledge management within your company or work force."
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Companies can gain long-term competitive advantage if they successfully employ AI in their operations. However, due to an AI talent shortage and other factors, for many the full potential of the technology remains untapped. Merantix Momentum, a three-year old Berlin-based startup, aims to change this. Its 45 engineers use their expertise in machine learning to develop AI-driven end-to-end solutions to business problems for companies and governments. Customers include Siemens, Volkswagen and Janssen. |
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Enel Group has secured an option to become the first investor in nuclear energy startup newcleo's first fourth generation nuclear energy plant.
The option is a result of a cooperation agreement between Enel Group and newcleo to work together on newcleo’s Generation IV nuclear technology projects, which aim to provide a safe and stable power source as well as significantly reduce existing volumes of radioactive waste by using it as reactor fuel.
The first step of newcleo’s delivery roadmap will be the design and construction of the first-of-a-kind Mini 30MWe Lead Fast Reactor to be deployed in France by 2030, rapidly followed by a 200 MWe commercial unit in the UK. At the same time, newcleo will directly invest in a MOX (Mixed uranium / plutonium Oxide manufactured from existing nuclear waste) plant to fuel its reactors. "The concrete possibility of having Enel as a first investor in this development allows us to set ever bigger ambitions, starting with other European countries such as Belgium that are supporting the development of Lead Fast Reactors and their potential to burn the radioactive waste of the existing nuclear industry," CEO Stefano Buono told The Innovator. For more on newcleo click here. |
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