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Topic - GlobalData

Artificial Intelligence
EU flag

EU AI Act Means Global Enterprises Need to Strengthen Corporate Ethical AI Strategies

Adopted by the European Parliament on 13 March, the legislation strives to hold organizations more accountable for their use of AI. It categorizes use cases by risk, stipulates greater oversight of riskier AI use cases, bans certain use cases outright, and requires increased transparency over the use the technology, in addition to many other requirements.

Artificial Intelligence
Gemini logo - Source Google

Defensive AI Safeguards Against Emerging Cyber Threats

Google's recent announcement of an artificial intelligence (AI) Cyber Defense Initiative to enhance global cybersecurity underscores the importance of defending against increasingly sophisticated and pervasive cyber threats. AI is expected to play a pivotal role in collecting, processing, and neutralizing threats, transforming the way organizations combat cyber risks, observes GlobalData.

Generative AI
A chatbot in front of a computer - Source Mohamed Nohassi on Unsplash

Generative AI Will Go Mainstream in 2024 Driven by Adoption of Specialized Custom Models and Multimodal Tool Experimentation According to GlobalData

Generative AI was a groundbreaking development last year, with the emergence of popular chatbots such as OpenAI’s ChatGPT and Google’s Bard taking the technology world by storm. However, using the large language models (LLMs) powering these chatbots has several disadvantages, hindering the adoption of the technology. For this reason, LLMs will be gradually replaced by smaller, custom language models in 2024, says GlobalData.

Travel Deal Activity

Global Travel and Tourism Sector Deal Activity Plunges 31.9% in 2023

Global travel and tourism sector witnessed the announcement of a total of 723 deals (mergers & acquisitions (M&A), private equity (PE), and venture capital (VC)) during 2023, a decline of 31.9% compared to the 1,062 deals announced during the previous year, according to GlobalData.

Cyber Security
Illustration - Hacking concept

Threat Actors Tap Social Engineering and AI to Drive More Cyber Attacks in 2024, According to GlobalData

A major trend in cybersecurity is the speed and adeptness with which hackers adapt their techniques to take advantage of technological advances. Attacks leveraging social engineering have become more frequent and more expensive in 2023. The profitability and the ease with which social engineering-related cyber attacks are launched will drive an even higher volume of these incidents in 2024, according to GlobalData.