Lifeboat Foundation

Procurement professionals face challenges more daunting than ever. Recent years’ supply chain disruptions and rising costs, deeply familiar to consumers, have had an outsize impact on business buying. At the same time, procurement teams are under increasing pressure to supply their businesses while also contributing to business growth and profitability.

Deloitte’s 2023 Global Chief Procurement Officer Survey reveals that procurement teams are now being called upon to address a broader range of enterprise priorities. These range from driving operational efficiency (74% of respondents) and enhancing corporate social responsibility (72%) to improving margins via cost reduction (71%).

In case you missed it, China’s e-commerce giant Alibaba has shut down its quantum computing research effort. It’s not entirely clear what drove the change. Reuters’ reported earlier this week that Alibaba “cut a quantum computing laboratory and team from its research arm, donating both the lab and related experimental equipment to Zhejiang University.”

Alibaba was a relatively early entrant among giant e-commerce/cloud providers into quantum computing research, placing the effort in its Alibaba’s DAMO Academy research organization. There are reports it had invested on the order of $15 billion in the effort. According to the Reuters report, about 30 employees are being released with and effort under way to find positions for them at Zhejiang.

Rather than being tied to specific issues with the quantum research, the prevailing opinion seems to be that the quantum work was caught in the larger turmoil surrounding Alibaba and its ongoing reorganization. The company said its DAMO organization will deepen its work on AI and machining learning research which may be able to have a nearer-term impact on Alibaba’s business.

“I think when you build a company from the ground up, and you’ve experienced real adversity, and you really experienced nearly going out of business several times, that feeling stays with you,” Huang said.

The fear of his chip empire tanking, Huang admitted, is a feeling he grapples with every morning when he wakes up.

“I don’t wake up proud and confident. I wake up worried and concerned,” Huang said as the audience laughed politely in response. “It just depends on which side of the bed you get out on.”

Amazon Q, currently available for contact centers, will be integrated to other AWS services soon.

Amazon’s cloud business AWS launched a chat tool called Amazon Q, where businesses can ask questions specific to their companies.

Amazon Q can work with any of the models found on Amazon Bedrock, AWS’s repository of AI models, which includes Meta’s Llama 2 and Anthropic’s Claude 2. The company said customers who use Q often choose which model works best for them; connect to the Bedrock API for the model; use that to learn their data, policies, and workflow; and then deploy Amazon Q.

Continue reading “Amazon’s Q AI assistant lets users ask questions about their company’s data” »

The co-founder of website builder Wix is embracing generative AI, and he’s not too worried that it might destroy the business models of the web.

Wix CEO Avishai Abrahami is embracing generative AI and thinks the business models of the web can survive it.

IonQ earns spot in the prestigious list of 119 innovative companies for innovation in quantum computing

COLLEGE PARK, Md., November 28, 2023 —(BUSINESS WIRE)— IonQ (NYSE: IONQ), an industry leader in quantum computing, today announced that it has been named to Fast Company’s third annual Next Big Things in Tech list, honoring technology breakthroughs that promise to shape the future of industries—from healthcare and security to artificial intelligence and data. This is IonQ’s first time appearing on the list.

“This recognition is not only a tremendous honor but a testament to the transformative impact and potential of our technology,” said Peter Chapman, President and CEO of IonQ. “IonQ is committed to advancing quantum computing capabilities to drive technological breakthroughs and solve complex business problems across industries. This award fuels our drive to continue pushing boundaries and breaking barriers.”

Three forces will shape the business of generative AI.

Google’s company-defining effort to catch up to ChatGPT creator OpenAI is turning out to be harder than expected.

Google representatives earlier this year told some cloud customers and business partners they would get access to the company’s new conversational AI, a large language model known as Gemini, by November. But the company recently told them not to expect it until the first quarter of next year, according to two people with direct knowledge. The delay comes at a bad time for Google, whose cloud sales growth has slowed while that of its bigger rival, Microsoft, has accelerated. Part of Microsoft’s success has come from selling OpenAI’s technology to its customers.

As boosters say AI is primed to conquer entire sectors, from military to medicine, a significant portion of the tech world is surprisingly unconvinced by its utility, according to a new survey from software development business Retool.

In the survey of 1,500 people working in tech, Retool found that a startling 51.6 percent of people think AI is overrated, while 25.1 percent think it’s underrated, and another 23.4 percent think it’s fairly rated. The people surveyed include executives, software engineers, designers, and other positions in different industries.

Particularly striking was that workers in executive roles had a more favorable view of AI while people in the technical side “skewed a little more toward overrated” — perhaps not a surprise, since many business leaders have been crowing about the potential cost savings of AI and how it could generate more revenue.