The French MistralAI has released a beta version of its chatbot, Elon Musk sued OpenAI, and Google has more troubles. What else did we live through last week?
Elon Musk in a lawsuit against OpenAI and Sam Altman argues that the merger with Microsoft was a betrayal of the company's mission in pursuit of profit.
According to the latest forecasts from ABI Research, the augmented and virtual reality (AR/VR) technology sector is on the verge of a revolution - by 2028, the number of AR/VR sets delivered is expected to increase more than fivefold, reaching 69 million units.
Week in review 16.01: fears and concerns of Polish companies; IMF warns against AI
What are Polish small and medium-sized entrepreneurs afraid of in 2024, the International Monetary Fund warns against AI, and Revolut faces multi-million fines for privacy breaches. What else did we live through last week?
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Summary
The IMF report suggests AI will significantly impact the job market, potentially deepening social inequalities.
Only 24% of SMEs in Poland have planned an annual budget, with 96% expressing concern about conducting business in 2024 due to rising costs, according to a study by Kaczmarski Group.
Founders of companies with funding up to a million euros earn an average annual salary of about 50,000 euros, increasing to about 155,000 euros per year for companies that have raised from 11 to over 50 million euros, as per a Creandum report.
There were 366 mergers and acquisitions in Poland in 2023, a 25 transaction increase from 2022, according to a joint report by Navigator Capital and Fordata.
Intel announced the creation of a new company, Articul8 AI, offering secure and personalized generative AI solutions for businesses.
75% of employees are concerned that AI may cause some professions to disappear, and 65% fear losing their jobs due to AI, as revealed by an EY study.
Volkswagen plans to integrate ChatGPT with its proprietary voice assistant IDA in new car models.
Wangshendongjian Technology reportedly cracked the encryption of Apple AirDrop's wireless file sharing, enabling them to identify senders.
British fintech Revolut faces a lawsuit in Cook County, Illinois, USA, accused of numerous privacy violations due to a lack of transparency in the use of biometric data.
Poland is seeking to attract companies to build silicon chip factories within its borders.
In 2023, Polish Revolut customers actively invested using the app, with an average investment portfolio value of 7330 PLN.
The CES 2024 technology fair in Las Vegas showcased exciting premieres, including a transparent TV, a wireless 8K projector, a smartphone that folds in both directions, and numerous AI-based solutions.
The use of inclusive language in the workplace is being encouraged to avoid reinforcing gender stereotypes in job advertisements.
The Accenture Technology Vision 2024 report highlights four key trends that will shape the future of technology in businesses.
A Polish version of the AI language model, ChatGPT, is being developed by Professor Maciej Piasecki from the Department of Artificial Intelligence at Wrocław University of Technology.
International Monetary Fund has just released its latest report on the impact of artificial intelligence on the world. The publication suggests that AI will shake up the job market in the coming years and is likely to further deepen social inequalities. You can read more about this in the Weekly News Review section.
This is particularly important as AI is indeed starting to appear everywhere: from automotive, through medicine, to... childcare. You can find details of such applications of artificial intelligence in the Digitized Editorial Team Recommends section. In this issue of the Digitized Weekly Review, we also write about the fears and concerns of Polish SMEs, the remuneration of startup founders and a privacy violation lawsuit that Revolut will have to face.
Welcome!
Weekly News Review
Doing business in Poland
Business in Poland. What are small and medium-sized entrepreneurs afraid of in 2024?
Only 24% of SME sector companies have planned an annual budget, every fourth company does not plan it at all, and the vast majority (96%) express concern about conducting business in 2024 - this is the result of a study conducted by Kaczmarski Group. The main concerns are about the rising costs of doing business.
Startup founder's salary. How much should a founder pay himself?
In the Creandum report, an attempt was made to understand whether there is a relationship between the amount of startup funding and the level of their founders' salaries. For this purpose, over 650 entrepreneurs from 47 European countries were surveyed during last year's SLUSH conference. Their responses indicate that in companies that have received funding up to a million euros, the average annual salary of a founder is about 50,000 euros. Meanwhile, in the case of companies that have raised from 11 toover 50 million euros, this amount increases to about 155,000 euros per year and is fairly constant within these brackets.
Takeovers of Techland and STS the largest transactions. Optimistic forecasts for 2024
In Poland, there were 366 mergers and acquisitions in 2023, which means an increase of 25 transactions compared to 2022 - reported in a joint report by Navigator Capital and Fordata. The largest acquisition during this period was the takeover of Techland by the Chinese company Tencent. The value of this transaction is estimated at about PLN 6.3 billion. The second largest transaction was the takeover of the bookmaker STS Holding by Entain CEE estimated at PLN 3.9 billion. The report stated that in terms of industry, the sectors of Media/IT/Telecom (22%), FMCG (12%) and industry (11%) dominated among the acquired companies.
Artificial Intelligence (AI)
Intel has created its own AI company. What do we know about Articul8?
Intel is seriously entering the game for dominance in the market of generative artificial intelligence. In early January 2024, the American manufacturer of processors and integrated circuits announced the creation of a new company named Articul8 AI. The company was spun off from Intel's structure and is to operate based on its proprietary technologies, offering fully secure and personalized generative AI solutions for businesses. Arun Subramaniyan, former vice president and general manager of Intel Data Center Solutions, will sit in the chair of the president of the newly formed entity.
IMF Report: AI will affect 40% of jobs and may increase social inequalities
Artificial intelligence will affect almost 40% of jobs worldwide. In more developed economies, this percentage can even reach 60% - warns in its latest analysis the International Monetary Fund. In most scenarios, AI is also likely to worsen the overall level of social inequality. Therefore, carefully balanced policies are needed to fully exploit its potential, so that humanity can be sure that this technology will work to its advantage. "The era of AI has arrived and we can still ensure prosperity for all with its help" - summarizes Kristalina Georgieva, Managing Director of the IMF.
AI in the labor market: fears and concerns of employees [EY Report]
The study "AI Anxiety in Business" conducted by EY indicates that many employees are concerned about the impact of artificial intelligence on their professional career. As many as 75% of respondents are worried that AI may cause some professions to disappear, and 65% of people fear losing their jobs. There is also an awareness that the impact of technology on personal finances and career development can be significant, with 72% of respondents expecting lower earnings and 67% fearing a loss of promotion opportunities due to a lack of AI-related skills.
Steam gives green light to games created by AI
Valve is opening up to games generated by AI. In a statement published on January 10, the company announced that "after spending the last few months learning more about this space and talking to game developers, we are making changes in the way we treat games that use AI technology. This will allow us to release a significant majority of games that use it". You can read more about the changes on Valve's website.
AI in automotive. Volkswagen introduces ChatGPT into its cars
Artificial intelligence is entering the automotive industry. During the CES 2024 in Las Vegas Volkswagen announced extensive plans for integrating ChatGPT with its proprietary voice assistant IDA in new models of its cars. This way, users will be able to control entertainment, navigation and air conditioning functions, but also obtain more detailed information. The first cars of the German brand equipped with ChatGPT will be the electric ID 7, ID 4, ID 5 and ID 3, as well as popular models with a combustion engine - Tiguan, Passat and Golf.
Security and privacy
China has cracked Apple's codes. User data is at risk
Wangshendongjian Technology, a technology company from Beijing, broke the encryption of Apple AirDrop's wireless file sharing to identify senders, according to a statement issued by Chinese judicial authorities. Thus, the company helped track down people who were sending "inappropriate information" to passers-by in the subway. The statement said that the company "overcame technical difficulties associated with anonymous identifiability via AirDrop", which "prevented further spread of inappropriate remarks and the potential negative impact they could have caused".
Revolut faces a multimillion-dollar lawsuit. The company is alleged to have violated users' biometric data
Poland will not be satisfied with Intel processor assembly factories, which are to be built near Wrocław. Representatives of our country are looking for other entities willing to build factories producing silicon chips between the Bug and Oder rivers. This is at least the information from Frank Huang, the head of PSMC, the third largest Taiwanese semiconductor manufacturer. Huang told Taiwan's Economic Daily News that 7-8 countries have approached his company about cooperation in building new chip factories within their borders, and Poland was among the countries he mentioned.
Revolut Money Report: how did Poles invest in 2023?
Polish Revolut customers actively invested in 2023 using the app, the average value of investment portfolios was 7330 PLN (the average in the EEA region was 7960 PLN). Like many Revolut customers in Europe, Polish investors showed the greatest enthusiasm for Tesla (TSLA) shares, when it comes to companies listed in Europe, the most popular were shares of the Dutch payment sector company Adyen N.V. (1N8). In 2024, due to the likely decrease in interest rates, bond prices may be in an upward trend, which may be the basis for building a new investment strategy.
Digitized Editorial recommends
CES 2024: 9 exciting technology premieres
The next edition of the most important technology fair in the world - CES in Las Vegas ended on January 12. Below you will find our review of the hottest premieres, which aroused the most emotions and caused the greatest excitement. Among them: a transparent TV, a wireless 8K projector, a smartphone that folds in both directions, and a whole host of AI-based solutions.
You can also see more in The Verge magazine's video report:
Feminatives and neutral pronouns. How and why to use inclusive language in the workplace?
Language is a powerful tool for shaping social consciousness. When job advertisements use stereotypically male terms, it unconsciously reinforces the belief that certain professions are "male", which may discourage women from applying for these positions. Introducing neutral terms can therefore not only increase the number of women applying for a given position, but also contribute to changing the perception of who is suitable for this position. More on this topic in the text by Justyna Bakalarska-Stankiewicz.
In the coming years, companies will have a range of technologies that will play a significant role in transforming key areas in enterprises. Their implementation will also reveal new horizons of human potential.
"Early users" and leading companies have already started the race towards a new era of productivity, skills and capabilities. Individual strategies differ, but they have one common denominator - technology is becoming increasingly human. Here are the four most important trends in this area:
A Match Made in AI. A new perspective on knowledge
Meet my Agent. AI ecosystems
The space we need. Creating value in a new reality
Our bodies electronic. A new kind of user interface
More on this in the Accenture Technology Vision 2024 report.
The "Polish ChatGPT" is being created. It is already reading this text and will soon be writing like its author
Language models do not create anything on their own, they only glue together pieces of text into a whole. So the question arises, who is the author here - says prof. Maciej Piasecki from the Department of Artificial Intelligence at Wrocław University of Technology, who is the coordinator of the PLLuM scientific consortium that is to create the "Polish chatGPT". - We will try to prevent accusations of copyright infringement.
You can read more about the Polish ChatGPT in Marek Szymaniak's interview on Spider'sWeb .
Editor-in-chief of Digitized. He has been associated with journalism for almost a third of his life; he worked for the Polish editions of Playboy, CKM and Esquire magazines, as well as Well.pl and naTemat.pl services. In his texts, he tries to understand reality and describe it objectively. He remains skeptical about many phenomena, but is not afraid to admit a mistake and change his mind. A native of Warsaw. Privately, he is a seeker of sense in nonsense and order amidst entropy. He likes wise words.
Microsoft invested in the French startup Mistral AI, VIGO Photonics may build a Polish semiconductor factory, and PFR Ventures fueled four Polish VC funds with 150 million PLN. What else did we live through last week?
The company Creandum published a report on the salaries of startup founders. The study was conducted among 650 entrepreneurs from 47 European countries, and the aim was to provide data on the average earnings of founders at various stages of their companies' development.
When does "cult" emerge in the phrase "organizational culture"? Where is the boundary between a healthy company and one that resembles a sect? And how to recognize that this boundary has been crossed?
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Jakub Rusak
Marek Szymaniak
English