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Tech sector navigating layoffs while riding GenAI wave, says GlobalData

The technology industry, says GlobaData, has already witnessed substantial changes in 2024, including layoffs by big companies such as Google, Amazon and Meta, a trend, it adds, that began last year, affecting over 191,000 employees, driven by factors like post-COVID-19 pandemic adjustments and a focus on emerging tech like artificial intelligence (AI). Despite these and
Kiran Raj Disruptive Tech Saurabh Daga Global Data Job Analytics

Tech Sector Navigating Layoffs While Riding Generative AI Wave, According to GlobalData

Article - Tech Sector Navigating Layoffs While Riding Generative AI Wave, According to GlobalData - The tech industry is witnessing substantial changes in 2024, including layoffs by big companies like Google, Amazon, and Meta. This trend started last year, affecting over 191,000 employees due to factors like post-COVID-19 pandemic adjustments and a focus on emerging tech like AI.
Kiran Raj Practice Head Disruptive Tech Associate Project Manager Job Analytics

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Quantum AI Next Big Thing in AI Evolution, Predicts GlobalData Tech Foresights Model

Article - Quantum AI Next Big Thing in AI Evolution, Predicts GlobalData Tech Foresights Model - Quantum AI emerges as the next big advancement in AI development, utilizing quantum mechanics to propel capabilities beyond current limits. With a notable 14% 3-year CAGR increase in patent filings from 2020 to 2022, quantum AI has vast influence and potential across industries, reveals the Tech Foresights model of GlobalData.
Adarsh Jain Kiran Raj Globaldata Disruptor Intelligence Center Tech Foresights Financial Markets Practice Head

Big Tech Pursuit of Generative AI Excellence Faces Ethical, Legal, and Economic Hurdles, Observes GlobalData

Article - Big Tech Pursuit of Generative AI Excellence Faces Ethical, Legal, and Economic Hurdles, Observes GlobalData - In the swiftly advancing technology landscape, generative AI (genAI) stands out as the latest innovation frontier. Leading the charge in this domain are Big Tech (Alphabet (Google), Amazon, Apple, Meta, and Microsoft). However, with progress comes challenges. GlobalData highlights the ongoing ethical, legal, and economic concerns accompanying these advancements.
Kiran Raj Big Tech Practice Head Disruptive Tech Associate Project Manager Amazon Bedrock

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