AI Impact on Businesses
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Seven in 10 UK businesses now use AI – but some risk being left behind
Seven in 10 UK businesses now use AI – but some risk being left behind A new report shows 70% of UK businesses have adopted AI in some capacity but those outside London still risk falling behind AI is giving businesses a boost – but older firms and those outside London risk being left behind. UK firms embracing AI are reaping the rewards of cost savings and higher revenues – yet older companies and businesses beyond the capital risk getting left behind. A report drawing on data from 5.3...
Walmart shareholders reject proposal to explain AI's impact on 1.6 million employees
Walmart shareholders voted against an investor proposal asking it to report on how its use of AI is affecting the well-being of its employees, according to voting results from the retailer's annual shareholders' meeting. The proposal, filed by investor United for Respect, reportedly asks Walmart to explain how it measures the effect of advanced technologies — like Artificial Intelligence (AI) and automation — on jobs, pay, training and equity. This is Walmart's first annual meeting since...
PolyU Faculty of Business celebrates 30th anniversary of its DBA programme, with over 400 academic and industry leaders gathering to explore new trends for scholar-leaders in AI era
Advertisement PolyU Faculty of Business celebrates 30th anniversary of its DBA programme, with over 400 academic and industry leaders gathering to explore new trends for scholar-leaders in AI era Paid Post:PolyU Business School 2-MIN READ2-MIN [The content of this article has been produced by our advertising partner.] The Faculty of Business at The Hong Kong Polytechnic University (PolyU) hosted a grand dinner on 14 May to celebrate the 30th anniversary of its Doctor of Business...
Oracle’s stock has surged on AI hype. Now it has to deliver the earnings to match.
Oracle’s fourth-quarter earnings call will deliver critical updates about the progress of its data-center build-out and the financial impact of its AI pivot.
US largest private-sector employer’s message to 2M-plus staff on AI replacing their jobs
Walmart has told its more than 2.1 million employees that AI is meant to improve their jobs, not replace them, reports Financial Times. Speaking at Walmart's annual Associates Week gathering in Arkansas, company leaders said technology will play a bigger role in the future of work, but employees will remain at the center of the business. The comments come at a time when concerns are growing about AI's impact on jobs across industries.
Meta layoffs: What WARN filing reveals about state where employees are impacted
The artificial intelligence (AI) restructuring across the tech sector appears to have hit California, as social media giant Meta cut thousands of local jobs in its latest round of mass layoffs. Citing Worker Adjustment and Retraining Notification (WARN) filings, a report has revealed exactly where the ax fell hardest. Citing the documents released, which are legally required government documents that companies must file before a mass layoff, The New York Post reported that Meta eliminated...
Labour push to help young job seekers to include AI bootcamps for those at risk of unemployment
Labour push to help young job seekers to include AI bootcamps for those at risk of unemployment The Early Careers Jobs Alliance will bring together government, employers, trade unions and young people, and look at how AI is impacting entry level roles and offer support Young people entering the job market are set for extra support under a new partnership between government, industry and trade unions. The Early Careers Jobs Alliance will bring together government, employers, trade unions and...
Mapping the AI narrative in Kenya and South Africa's media
Mapping the AI narrative in Kenya and South Africa's media A new study by the Centre for Information Integrity in Africa (CINIA) at Stellenbosch University, supported by DW Akademie, takes a critical look at how artificial intelligence (AI) is covered in Kenyan and South African media. The research, titled "AI in the Media: Kenya and South Africa", analyses 57 articles and draws on two rounds of journalist interviews over a five-year period (2021-2026). The research finds that AI remains...