Ai News, July 22nd, 2024
Here is the latest AI tech news from July 22nd:
- Digital Hollywood AI Summit:
- The Digital Hollywood AI Summer Summit, held virtually from July 22-24, featured presentations on the use of generative AI in the entertainment and media industries. Experts from the Rochester Institute of Technology (RIT) showcased their work, highlighting how AI is transforming creative fields like screenwriting and digital design. This summit emphasized the growing role of AI in Hollywood and its potential to revolutionize content creation and production processes (RIT).
- AI in the Enterprise Sector:
- A McKinsey report indicated that businesses are increasingly adopting generative AI (gen AI) and analytical AI to create value. Investments in AI are leading to cost reductions, particularly in human resources, and revenue increases in supply chain management and marketing. However, businesses are also becoming more aware of the risks associated with AI, such as inaccuracies and intellectual property infringements, and are taking steps to mitigate these issues (McKinsey & Company).
- European Union Antitrust Scrutiny:
- The European Union has intensified its antitrust scrutiny on major AI deals, starting with high-profile collaborations like Microsoft-OpenAI and Google-Samsung. This move aims to ensure fair competition and address potential monopolistic practices in the rapidly growing AI sector (AI News).
For more detailed insights, you can explore the full articles from RIT, McKinsey, and AI News.
