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AI no longer flavour of the season but a reality at scale; 2025 to see AI turn into business value PTI Updated: December 29th, 2024, 17:26 IST in Business , Sci-Tech 0 Pic- IANS Share on Facebook Share on Twitter Share on WhatsApp Share on Linkedin New Delhi: Artificial intelligence (AI) transitioned from a temporary trend to a widespread reality, gaining traction across industries due to its potential to enhance efficiency, generate revenue and create entirely new roles, yet concerns around its use and impact on jobs remained. Gone are the days when it was merely a buzzword; AI has now become an integral part of business strategy across various sectors. But its full impact on jobs is little known and so is the issue of intellectual property, data ownership and its privacy implications, and liability – who is liable if an accident or mishap occurs due to the use of AI. Also Read Stock markets to end 2024 with positive returns despite roller coaster ride 52 mins ago Mcap of 6 of top-10 most valued firms climbs Rs 86,847.88 cr; HDFC Bank, RIL biggest gainers 1 hour ago As technology becomes increasingly human-like and pervasive, organisations are now striving to unlock business value through innovative methods to engage customers and employees, enhance operational efficiencies, and generate new revenue streams, Wipro CIO Anup Purohit said. “We are working towards a future where AI is integrated seamlessly into everyday operations beyond the honeymoon period and into a mature phase,” he said in an interaction with PTI. “This growth isn’t confined to technology firms; conventional sectors like banking, finance, and healthcare are also progressively integrating AI to improve operational efficiency and boost customer engagement. “AI is no longer the flavour of the season but is now the reality at scale. It is gaining momentum across all business domains and sectors. Even those that were traditionally considered laggards like BFSI or healthcare are looking forward to embracing AI. “CIOs today are shifting their approach away from POC to executing initiatives at scale ... to turn the GenAI ‘trend’ into business value by solving real business problems and cutting out the noise while managing costs,” Purohit said. However, Indian enterprises will need to scale AI by expanding the gamut beyond basic virtual assistants and predictive analytics to a combination of AI-tech-based scalable use cases, according to nasscom. “With the global AI market valued at approximately USD 235 billion and projected to grow to over USD 631 billion by 2028, AI is redefining industries and economies. The possibilities seem endless, from predictive analytics in agriculture to personalised healthcare solutions. In addition, emerging technologies such as quantum computing and federated learning are poised to redefine the AI landscape and open new frontiers,” Tech Mahindra COO Atul Soneja said. Agentic AI: The new frontier of Autonomous Intelligence The futuristic movies where technology takes over human tasks are set to become a reality in 2025, as an increasing number of enterprises adopt agentic AI to handle mundane and repetitive jobs. Arun Parameswaran, MD, Sales, Salesforce India, believes 2025 will mark the true dawn of agentic AI – a new era where AI systems move beyond being reactive assistants to becoming proactive, autonomous agents capable of transforming customer engagement, business efficiency, and decision-making. “We will witness AI agents working collaboratively, transforming productivity and redefining problem-solving at an unprecedented scale. The future will not just be about using AI; it will be about creating and customizing agents that collaborate to understand and execute strategic tasks and decisions, both in personal and business contexts,” he said. AI agents will significantly enhance business processes by improving efficiency and customer service, Purohit said. Sky’s the Limit: Cloud Computing soars alongside AI In addition to AI, cloud computing continues to gain traction. Major players like Amazon Web Services and Microsoft Azure are expanding their footprints in India, catering to the increasing demand for scalable and flexible IT solutions. This shift towards cloud services is enabling businesses to innovate rapidly and respond more effectively to market changes. According to research firm IDC, the overall Indian public cloud services market is expected to reach $24.2 billion by 2028, growing at a CAGR of 23.8 per cent for 2023-28. “The integration of AI with cloud services will allow companies to quickly scale their AI models, manage extensive datasets in real-time, and gain insights for smarter decision-making. “The combination of AI and cloud services will help businesses innovate more swiftly, respond to market changes with greater flexibility, and maintain a long-term competitive edge,” Purohit said. Adapt or fade away: Upskilling essential amid AI boom The rapid evolution of technology is also reshaping the job landscape and demand for skilled talent is set to soar as AI continues to redefine job roles across sectors. “With the rapid deployment of AI-led solutions, the industry will soon witness a demand-supply gap of skilled talent. Future professionals will need to build deeper business and communications skills, such as listening, problem-solving, as well as specific domain expertise to leverage AI to solve complex business problems,” Purohit said. Future professionals will need a robust blend of technical expertise and soft skills, including adaptability, emotional intelligence, and strong communication abilities. As businesses increasingly rely on AI-driven solutions, there will be a critical need for individuals who can bridge the gap between technology and business strategy. “AI/Gen AI will impact knowledge work (white-collar work) in ways that no prior technology has, and this is likely to cause significant and continuous shifts in knowledge work (the what) and ways of working (the how) for all businesses. All businesses will need to define work next-practices continually to remain competitive,” TCS CTO Harrick Vin said in an interaction with PTI. Future roles will require greater levels of critical thinking, design, strategic goal setting, and creative problem-solving skills, he said. “This would mean different things in the context of various types of work. For example, for the domain of software DevOps, teams will start to de-prioritise basic scripting skills for infrastructure provisioning and configuration, low-level monitoring configurations and metrics tracking, and test automation, among others. Instead, they will focus more on product requirements analysis, definition of acceptance criteria, software and architectural design,” Vin said. For professionals entering the tech industry in 2025, he listed three primary and most needed skills’ — Learning to learn; Critical thinking/analysis; and Techno-functional skills for applying computational thinking and methods to solve complex domain problems. PTI Tags: AI Business technology Share Tweet Send Share Suggest A Correction Enter your email to get our daily news in your inbox. Leave this field empty if you're human:Couple went to the same urgent care for the same illness. But their bills were very differentBaba Vanga predictions: Prophetic timeline of the Nostradamus of the Balkans finally out? Here's some key prophecies
iShares Select Dividend ETF ( NASDAQ:DVY – Get Free Report ) saw some unusual options trading on Thursday. Investors acquired 3,542 call options on the stock. This represents an increase of 614% compared to the typical volume of 496 call options. Institutional Inflows and Outflows Large investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. grew its position in shares of iShares Select Dividend ETF by 5.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 9,662 shares of the company’s stock worth $1,169,000 after acquiring an additional 500 shares in the last quarter. Arkadios Wealth Advisors increased its stake in iShares Select Dividend ETF by 48.6% during the second quarter. Arkadios Wealth Advisors now owns 9,803 shares of the company’s stock valued at $1,186,000 after purchasing an additional 3,207 shares during the last quarter. Modera Wealth Management LLC lifted its position in shares of iShares Select Dividend ETF by 5.2% in the 2nd quarter. Modera Wealth Management LLC now owns 6,903 shares of the company’s stock worth $835,000 after buying an additional 341 shares during the last quarter. Argent Advisors Inc. boosted its holdings in shares of iShares Select Dividend ETF by 3.6% in the 2nd quarter. Argent Advisors Inc. now owns 30,670 shares of the company’s stock valued at $3,710,000 after buying an additional 1,070 shares during the period. Finally, Lee Danner & Bass Inc. bought a new stake in shares of iShares Select Dividend ETF during the 2nd quarter valued at about $397,000. 46.08% of the stock is currently owned by institutional investors. iShares Select Dividend ETF Stock Down 0.5 % Shares of NASDAQ DVY opened at $131.95 on Friday. The business has a 50 day moving average price of $136.99 and a two-hundred day moving average price of $131.58. iShares Select Dividend ETF has a fifty-two week low of $112.42 and a fifty-two week high of $144.09. The firm has a market cap of $19.66 billion, a PE ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF Cuts Dividend About iShares Select Dividend ETF ( Get Free Report ) iShares Select Dividend ETF, formerly iShares Dow Jones Select Dividend Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Dividend Index (the Index). The Index measures the performance of a selected group of equity securities issued by companies that have provided relatively high dividend yields on a consistent basis over time. Read More Receive News & Ratings for iShares Select Dividend ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Select Dividend ETF and related companies with MarketBeat.com's FREE daily email newsletter .Sam Darnold leads game-winning drive in OT and Vikings beat Bears 30-27 after blowing late lead
BUFFALO, N.Y. — The big question is will Sean Ryan announce this weekend that he is running for mayor of the City of Buffalo ? 2 On Your Side's Claudine Ewing caught up with him at an event where he was announcing millions of state funding coming to help rental properties. When asked about his Saturday announcement, Ryan said, "It's a surprise." 2 On Your Side also asked if the city needs to move forward. Ryan said, "The city does need to move forward, but looking at things in a different way. So we've had 20 years of the same leadership, sort of the same way to look at solving, but this gives us a new opportunity to look at our problems through a fresh lens with a fresh set of eyes." RELATED: Is Sean Ryan starting a Buffalo mayoral campaign? Ryan is focusing a lot on neighborhoods in the city, even though he is a New York State senator. "If you go around the city, Seneca-Babcock will tell you our neighborhoods are are suffering. Lovejoy says our neighborhoods are are suffering. Cold Springs says neighborhoods suffering. Black Rock, Riverside, they all say the same thing because there hasn't been a plan that helps lift up the neighborhoods in 20 years," Ryan said Friday at the event. "So we need really need to look at our neighborhoods because, you know, after all, what's the city all about? We call ourselves the City of Good Neighbors, but we want to be the City of Good Neighborhoods."Principal U.S. Mega-Cap ETF (USMC) to Issue Dividend of $0.15 on December 31st
TikTok has filed a challenge to the federal government’s Nov. 6 to wind up its Canadian operations, saying the decision was “driven by improper purposes” and alleging that federal representatives failed to substantially engage with the company during the national security review (NSR) process. In addition to calling the order “unreasonable” and “grossly disproportionate,” TikTok says it was owed a “heightened duty of procedural fairness.” In Federal Court filing in Vancouver last week, TikTok asked the court for a stay of the shutdown order during the legal challenge in addition to setting aside the order in general. TikTok also requested relief for its costs in filing the challenge, and any other relief the court may permit. The Government of Canada the social media giant to wind up its operations in the country after an NSR under the Investment Canada Act (ICA), but did not outright ban the platform itself. The Nov. 6 statement by Innovation Minister François-Philippe Champagne indicated that the shutdown order aimed to address “specific national security risks” related to the operations of TikTok’s Chinese parent company, ByteDance, in Canada through TikTok Technology Canada, but did not elaborate on the nature of these risks. TikTok claims it annually contributes millions of dollars to the Canadian economy, and that the shutdown order will result in the termination of hundreds of employees in Canada, as well as the potential termination of over 250,000 contracts with Canadian-based advertisers. In its filing, TikTok outlines a seemingly sparse correspondence history with the Foreign Investment Review and Economic Security Branch (FIRES) of Innovation, Science and Economic Development Canada (ISED). TikTok said it learned in August 2020 that it had not provided the required notices under the ICA regarding the establishment of TikTok Canada in 2018. TikTok alleges that from then until Jan. 2023, FIRES indicated it would be best to delay its filings, given TikTok was under review in the United States. The filing goes on to describe a lengthy process starting in Feb. 2023, when TikTok provided its relevant notices and responded to FIRES information requests, before being notified in Sept. 2023 that an NSR had been ordered. After consenting to a couple extensions of the NSR, TikTok alleges that FIRES’s “substantive engagement” with it ceased in early 2024, despite multiple attempts to engage and signalling its willingness to extend the NSR further. “While we respect the legal process, we stand by our decision to prioritize Canadians’ safety and security.” Finally, TikTok claims it was delivered a form letter in September 2024 that indicated it could submit additional security undertakings to the Minister within three days. When TikTok asked FIRES if it was a specific request for TikTok, TikTok alleges that FIRES indicated it was a general letter sent to all companies under an NSR and did not lead TikTok to believe it needed to submit anything. In October, TikTok claims it was informed that its decision to not respond to the letter led to the Minister’s decision to conclude the NSR before being ordered to shut down its operations in Canada. In addition to calling Champagne’s order “unreasonable” and “grossly disproportionate,” TikTok said in the filing it was owed a “heightened duty of procedural fairness.” “The Minister erred in law and breached TikTok Canada’s rights to procedural fairness by, among other things, failing to substantively engage in the course of the NSR, abruptly concluding the NSR, and depriving TikTok Canada of the chance to fully and fairly benefit from its statutory and procedural rights,” the filing reads. ISED Press Secretary Audrey Milette told BetaKit in an email statement that the government cannot comment on the case due to the confidentiality provisions in the ICA. “The Government’s decision was informed by a thorough national security review and advice from Canada’s security and intelligence community,” Milette said. “While we respect the legal process, we stand by our decision to prioritize Canadians’ safety and security.” The case has yet to be heard in court. The federal government has been taking on big tech companies on many different fronts in recent weeks. The to shut down TikTok was followed by Canada’s Competition Bureau for what it calls anti-competitive conduct in the country’s online advertising technology sector. The Bureau is seeking an order that would require Google to cease the anti-competitive practices, sell off two of its adtech tools, and a monetary penalty. This week, Privacy Commissioner of Canada Philippe Dufresne also that social media platform LinkedIn agreed to voluntarily pause using the personal information of Canadian members to train its generative artificial intelligence (AI) models. The Privacy Commissioner’s office said in a statement that Dufresne reached out to LinkedIn following that it had started training AI models using the data of individual members without notifying them. “I welcome the decision by LinkedIn to pause its practice of using the personal information of Canadian LinkedIn members to train AI models while we work with them to get answers to our questions,” Dufresne said in a statement. “Personal information, even when it is publicly accessible, is subject to privacy laws and must be adequately protected.”The US attorney general tried to block Sinn Fein leader Gerry Adams from fundraising in the country in 1995 over a belief the IRA was still trying to source weapons, newly released records show. Janet Reno, the attorney general at the time, had previously opposed then-US president Bill Clinton 's decision to grant visas for Mr Adams and former IRA chief Joe Cahill in 1994 - months after the IRA declared a ceasefire. Mr Adams was president of Sinn Fein , which was regarded as the political wing of the IRA paramilitary group, between 1983 and 2018, but has always denied being a member of the IRA. Mr Clinton overruled Ms Reno by giving him a three-month visa, which included permission to raise funds for the party - a move that provoked anger from then-UK prime minister John Major . The US attorney general's continuing opposition is revealed by the annual release of documents from the National Archives in Dublin . In a February 1995 letter to Mr Clinton's national security advisor Tony Lake, she expressed frustration "by the latest effort" to modify restrictions that stopped Mr Adams raising money from Irish American donors, having looked at the matter "barely six weeks" earlier. "No evidence has been brought to my attention (since) that suggests progress has been made towards the disarmament and demobilisation of the IRA," she told Mr Lake. More on Ireland Northern Irish police once questioned man because he had showered, declassified documents show Ireland's weavers fight to save Donegal tweed from foreign imposters Man found dead after being questioned over suspected murder of Irish schoolboy Kyran Durnin Related Topics: Ireland Israel United States "In addition, I am aware of evidence that suggests that (the IRA) has continued to identify potential sources for arms procurement and to make inquiries concerning availability and terms of purchase." She also said the State Department, the US Treasury and the US Department of Justice had "recently intensified their efforts and public commitments to combatting international terrorism", which "could be undermined by removing the Adams visa restriction at this time". The Sinn Fein leader applied for a visa that included fundraising permission on 22 February 1995, which Mr Clinton granted because of the progress he felt had been made. "We have made clear our expectation that all and any funds raised will be used for legitimate political party purposes which serve to reinforce Sinn Fein's commitment to the peace process," a US note held in the Irish state papers shows. Follow our channel and never miss an update According to other newly-released documents: Tony Blair effectively told then UUP leader David Trimble to "get lost" over a plan to hold a referendum on Irish reunification in 2002. Diplomatic delays tied up the return of a portrait of Daniel O'Connell - an Irish nationalist campaigner known as The Liberator - for more than two years, after concerns that the Irish parliament was only receiving a copy of the original. The Irish government took a dim view of some of the proposed candidates to lead key negotiations leading into the Good Friday Agreement, describing some as ineffective politicians, bad lawyers and in one case having a "bitchy temperament". Netanyahu's visit to establish diplomatic ties Separate files shed new light on then deputy foreign minister Benjamin Netanyahu 's visit to Dublin in 1990, years before he became Israeli prime minister, in a bid to establish a diplomatic presence. In a meeting with then Irish foreign affairs minister Gerry Collins, he suggested there was a "natural feeling of sympathy towards Israel among the Irish people". But he said relations had not been helped by Irish soldiers who had been killed in Lebanon while serving with UN peacekeeping forces - many of which had been blamed on Lebanese militias supported by Israel. Be the first to get Breaking News Install the Sky News app for free An Israeli embassy in Ireland was opened in December 1993, but Israel recently announced its closure . The Israeli foreign minister accused Ireland of "antisemitic rhetoric" and of crossing "every red line in its relations with Israel". Ireland has recognised Palestinian statehood and announced an intention to intervene in South Africa's case against Israel for genocide at the International Court of Justice. Irish premier Simon Harris has rejected the claims and accused Israel of "distracting" from the deaths of children in the Gaza conflict.
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