Economic Times: “Global capability centres (GCCs) [in India] are hiring technology talent at more than four times the pace of IT services firms, marking the sharpest employment shift in India’s information technology sector in a decade. GCCs are expanding headcount by 18-27% year on year, compared with 4-6% for IT services, according to data from staffing firm TeamLease Digital. Together, they employ nearly 2 million people now, up from 1.2 million in 2022, creating about 300,000 jobs annually. In contrast, IT services have added only 25,000-40,000 employees a year on a net basis during this period.”
Fei Fei Li: “World Labs is a frontier model company. We are very much focusing on building the cutting edge, pushing the frontier of artificial intelligence. And for me, AI would not be complete unless it has the scope and the depth or the capability of spatial intelligence that humans have. Marble is the first product that [focuses] on allowing users to create incredible 3D worlds, by either lifting a real world through a photo into Marble, or a small video, or creating an imaginary world through Marble. So whether it’s real or imaginary, the ability to generate 3D worlds . . . and also serve the workflow of creators, is the goal of today’s Marble as a product. But it’s very important for us to position this as a model-first approach, that we want to get users to use our model through the product.”
WSJ: “At their core, Google, Meta and to a lesser extent Amazon are advertising behemoths. Last year Google earned 78% of $346 billion in revenue from advertising, and Meta 98% of $164 billion. Amazon earned about $56 billion from direct advertising. Together, the three companies raked in nearly half of the $1 trillion in ad spending worldwide. AI allows these companies to improve the services—search, social networking and e-commerce—around which their advertising businesses are built. It also positions the companies to enter the next phase of their dominance, making advertising itself smarter, faster and more automated—a shift that’s already transforming how ads are created and delivered.”
FT: “The full benefits of generative AI will only become apparent when companies have redesigned entire work processes to make best use of the technology, and when they have overcome the cultural barriers that always stand in the way of this kind of change. But with workers starting to take to experiment with AI, the race is on.”
