CRM giant Salesforce today said that it would commit $250 million to investments in startups focused on generative AI, even as the company warned of the dangers of the technology. The company emphasized the potential gains for application software possible through the use of AI in its initial announcement of investments in four AI-driven companies.…
By Hock Tan, Broadcom President and CEO During the 17 years I have led Broadcom, solving problems for customers and giving them the tools they need to succeed have been the most rewarding parts of my job. It’s important to me that whether we’re inventing the future through innovative R&D or co-creating new solutions with…
Salesforce was an early adopter of artificial intelligence (AI) with its Einstein recommendation tools, but it is taking a cautious approach to deploying the latest AI trend, generative AI. It’s been a month since Salesforce CEO Marc Benioff tweeted, “Get ready to be wowed by Salesforce EinsteinGPT! It generates leads, closes deals, and even makes…
Australian investment firm Subco is offering an alternative route for internet connectivity between Australia, Middle East and Europe through the Oman Australia Cable (OAC) by avoiding the earthquake prone route that currently goes through Malacca Strait. Subco OAC is already 9,800 km long, with landing points in Perth, West Island, and Cocos Islands in Australia,…
Many CIOs will face a challenging year grappling with growing pressure from transformation initiatives, weekly layoff announcements, and the prospect of a recession. While digital initiatives and talent are the board directors’ top strategic business priorities in 2023-2024, IT spending is forecasted to grow by only 2.4% in 2023. Tech companies have laid off over…
Since the onset of the pandemic, IT has risen in prominence as an engine for business sustainability and growth across all industries. The subsequent demand for enterprise IT talent has led to a sharp spike in salaries CIOs must pay to staff their teams. “Demand for tech talent was up by 50% to 60% in…
Vince Kellen understands the well-documented limitations of ChatGPT, DALL-E and other generative AI technologies — that answers may not be truthful, generated images may lack compositional integrity, and outputs may be biased — but he’s moving ahead anyway. Kellen, CIO at the University of California San Diego (UCSD), says employees are already using ChatGPT to…