AI Edition - It's AI Time - 32 [16-05-2024]

AI Edition - It's AI Time - 32 

AI Spending Grew 293% Last Year

Ramp's Q1 analysis reveals a 293% year-over-year increase in AI-related spending among its customers, outpacing overall software spend growth, with a significant adoption in non-tech sectors like healthcare and financial services, indicating a broader integration of AI into various industries. Despite a general slowdown in new investments in AI, companies already using AI are doubling down, with average spending on AI tools growing by 138% year-over-year, while finance tools also see increased usage and businesses maintain cautious approaches to travel expenditure.


Google is redesigning its search engine — and it's AI all the way down

Google is incorporating AI into its search engine with features like "AI Overviews" and a new planning tool. It aims to deliver summarized answers, automatic categorization, and personalized results using its Gemini AI to understand queries, generate summaries, and design result pages. For users, this could mean a completely new way to interact with the internet: less typing, fewer tabs, and more chatting with a search engine.


MainframeKyndryl expands AI and generative AI services and skills to accelerate mainframe modernization

Kyndryl, the world's largest IT infrastructure services provider, is now offering enterprise-grade generative AI solutions. Partnering with Google Cloud, Kyndryl leverages Google’s advanced AI, including Gemini, to drive business transformation and innovation. Their new services focus on AI and data advisory, mainframe modernization with AIOps, and the launch of the LLM Operations Framework to accelerate AI adoption. This expansion aims to enhance business value and innovation for organizations in their hybrid cloud journey.


92% of knowledge workers in India use AI at work as compared to the global figure of 75%.

A joint study by Microsoft and LinkedIn reveals that 92% of knowledge workers in India use AI tools daily, surpassing the global average of 75%. Notably, 72% bring their own AI tools to work, highlighting AI's role in critical thinking and analysis. This surge has increased demand for specialized training and expertise, with sectors like IT, pharma, banking, and telecom offering significant salary hikes to attract top AI talent.

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