Today's Technology News
A quarter of global chief executives expect the deployment of generative artificial intelligence to lead to headcount reductions of at least 5 percent this year, according to a survey unveiled as world and business leaders gathered in Davos, Switzerland.
Industries led by media and entertainment, banking, insurance, and logistics were most likely to predict job losses because of cutting-edge AI tools, according to the poll of top directors conducted by PwC ahead of this week's World Economic Forum. Engineering and construction firms were least likely to anticipate cuts because of automation, alongside technology companies.
Some 46 percent of those surveyed said they expect the use of generative AI—systems that can spew out humanlike text, images, and code in seconds—to boost profitability in the next 12 months, the survey added. However, 47 percent said the technology will deliver little or no change.
Microsoft Tops Apple to Become Most Valuable Public Company
The shift is indicative of the importance of new artificial intelligence technology to Silicon Valley and Wall Street investors.
Google Maps can now navigate inside tunnels
Maybe the worst part of going through a tunnel when you're relying on directions via GPS is the chaos as you prepare to exit the tunnel. Sometimes GPS will remember you're on a road traveling through a tunnel and maintain the directions it was giving you when you went in, and sometimes it will go utterly stupid and remind you to proceed to the route as it shows your car happily driving through a river, a trainyard, or a series of residential homes.
But Google Maps is about to get better at showing directions inside tunnels. A new feature spotted by SmartDroid allows the Android version of the app to use Bluetooth beacons to track your location in areas where GPS signals typically can't reach.
HashKey Raises $100 Million and Claims Unicorn Status
HashKey, which runs a licensed Hong Kong crypto exchange, has raised a $100 million Series A funding round. The company claims a valuation of over $1.2 billion. OKX Ventures is among the lead investors in the funding round.
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