Remove 2022 Remove Generative AI Remove Technical Review
article thumbnail

Is the gen AI bubble due to burst? CIOs face rethink ahead

CIO

Generative AI has been hyped so much over the past two years that observers see an inevitable course correction ahead — one that should prompt CIOs to rethink their gen AI strategies. Operating profit gains from AI doubled to nearly 5% between 2022 and 2023, with the figure expected to reach 10% by 2025, she adds.

article thumbnail

Getting infrastructure right for generative AI

CIO

For generative AI, a stubborn fact is that it consumes very large quantities of compute cycles, data storage, network bandwidth, electrical power, and air conditioning. Infrastructure-intensive or not, generative AI is on the march. of the overall AI server market in 2022 to 36% in 2027.

article thumbnail

10 most in-demand generative AI skills

CIO

If any technology has captured the collective imagination in 2023, it’s generative AI — and businesses are beginning to ramp up hiring for what in some cases are very nascent gen AI skills, turning at times to contract workers to fill gaps, pursue pilots, and round out in-house AI project teams.

article thumbnail

Salesforce to hire 3,300 staffers as it eyes generative AI opportunity

CIO

Salesforce is looking at a large recruitment drive as it plans to invest in new areas such as generative AI and push some of its popular products, such as the Data Cloud, CEO Marc Benioff, and chief operating officer Brian Millham told Bloomberg in an interview. Hiring, Technology Industry

article thumbnail

Lessons from the field: How Generative AI is shaping software development in 2023

CIO

Since ChatGPT’s release in November of 2022, there have been countless conversations on the impact of similar large language models. Generative AI has forced organizations to rethink how they work and what can and should be adjusted. Specifically, organizations are contemplating Generative AI’s impact on software development.

article thumbnail

20 issues shaping generative AI strategies today

CIO

Organizations are rushing to figure out how to extract business value from generative AI — without falling prey to the myriad pitfalls arising. Those results align with Foundry’s more recent July 2023 CIO Tech Talk survey that found 60% of IT leaders are actively using gen AI in their enterprise, with 28% more in the exploratory phase.

article thumbnail

How can CIOs safely unleash generative AI on their company’s data?

CIO

Generative artificial intelligence, or GenAI, has been a transformative force in many different business fields since it appeared on the scene in 2022. However, many business leaders hesitate to adopt it due to security fears. According to McKinsey, GenAI could bring savings opportunities of up to $2.6