Welcome to the AI Ecosystem Report, featuring practitioner analyst and entrepreneur Toni Witt. This series is intended to deliver the timely intelligence about artificial intelligence (AI) you need to get up to speed for an upcoming client engagement or board meeting.
Highlights
Innovation (00:44)
AI is reshaping the world of work, redefining what skills people need as knowledge workers. It’s shifting how businesses hire, train, and retain their workforce. ServiceNow teamed up with IBM Consulting to offer a new system powered by AI to help large enterprise clients upskill and re-skill their employees in the age of AI.
This offering combines IBM’s HR and talent transformation consulting expertise with its talent frameworks as well as the ServiceNow talent development platform. This joint solution helps HR leaders understand and fill skills gaps. The platform uses AI to help in the identification process and recommend training for employees.
Funding (03:21)
Samsung announced its acquisition of Oxford Semantic Technologies, a British startup specializing in knowledge graph technology. Knowledge graphs are useful in making applications more personalized and more intelligent, especially for on-device or edge AI applications.
Oxford Semantic Technologies makes the process of converting real-world data into a knowledge graph format more efficient and effective. With this acquisition, Samsung can make its devices more intelligent.
Solution of the Week (05:28)
OpenAI introduced GPT-4o mini, its most cost-efficient and smallest language model (SLM). This model is 60% cheaper than GPT-3.5 Turbo. It supports text and images. The company said it will support audio and video in the works. OpenAI’s model enables users to apply AI more broadly and in remote environments around the world without racking up computation costs.
The AI Ecosystem Q2 2024 Report compiles the innovations, funding, and products highlighted in AI Ecosystem Reports from the second quarter of 2024. Download now for perspectives on the companies, innovations, and solutions shaping the future of AI.
