ELSE Corp & ICOL Group

A recent MIT study reveals that AI automation in jobs, especially with AI vision systems, is economically viable for only about 23% of tasks, suggesting a gradual integration rather than rapid displacement. This approach considers technical, performance, and economic factors for AI deployment. The study also hints at a future shift with AI as a service, potentially democratizing AI technology access. While some jobs may disappear, new roles in AI management and development could emerge, potentially leading to economic growth and improved living standards. #AIIntegration #FutureOfWork #MITResearch #AIasService #EconomicGrowth

Unlocking AI's potential through a child's eyes, researchers have trained an AI to grasp language fundamentals by analyzing 61 hours of video from a baby's perspective. This groundbreaking study underscores the power of experiential learning, showcasing how even limited, firsthand visual data can significantly enhance AI's word-object association skills, akin to early human language development. This pioneering work paves the way for AI models that learn more naturally and efficiently, potentially revolutionizing AI's learning process. #AIRevolution #LearningThroughEyesOfAChild #TechInnovation #FutureOfAILearning #GroundbreakingResearch

Digital prototyping is revolutionizing the footwear industry, offering rapid response and high personalization while addressing environmental and economic sustainability. This innovative approach leverages various software and high computational power to create digital prototypes that are realistic, interactive, and informative. These prototypes are easily iterative, supporting the entire development stage and incorporating necessary adjustments quickly, thereby shortening development time and enabling faster customer responses. The focus of the paper is on the role of digital prototyping in product development, contrasting it with physical prototyping. It discusses the advantages and limitations of digital prototyping and presents various digital tools and software commonly used in the footwear industry for this purpose. #DigitalPrototyping #FootwearInnovation #SustainableDesign #TechInFashion #FutureOfFootwearIndustry

Sal Khan of Khan Academy predicts AI chatbots will revolutionize education, offering personalized tutoring globally. Supported by tech leaders like Google's Sundar Pichai, this vision is already taking shape in platforms like Khan Academy and Duolingo using GPT-4 chatbots. However, concerns arise about AI's accuracy, biases, and lack of proven effectiveness. Critics also warn against neglecting human-centric educational methods and issues around privacy and commercial exploitation of AI. Historical parallels are drawn to the 1960s' teaching machines, highlighting the cyclical nature of educational technology trends. Despite skepticism, advancements continue, with new startups exploring AI's potential in education and Khan Academy piloting its AI tutor, Khanmigo. #AIEducationRevolution #PersonalizedLearning #KhanAcademyAI #ChatbotTutors #EdTechInnovation #FutureOfEducation #AIinSchools #TechInTeaching #LearningTransformation #DigitalEducation

In a pivotal decision, the Beijing Internet Court granted copyright to an AI-generated image, marking a significant legal milestone in China. The ruling, from November last year, came from a dispute over an image created with Stable Diffusion software by a user named Li. The court sided with Li against a blogger who used the image without consent. The judgment emphasized the creator's role in AI-generated content, considering the human input in the creation process as integral to the artwork's originality. This sets a precedent in the burgeoning field of generative AI, recognizing the copyright of such works based on the human creator's aesthetic choices and judgment. This decision is crucial for China's growing generative AI sector, projected to contribute significantly to the economy, with an estimated value of 30 trillion yuan by 2035. #AICopyrightLaw #GenerativeAI #ChinaTechTrends #DigitalArtRights #InnovationInAI #LegalPrecedentAI

AI and AI-powered chatbots are increasingly crucial in providing competitive advantages for businesses. A notable Intercom survey revealed that chatbots have boosted sales in 67% of businesses and saved an average of $300,000 yearly. To effectively utilize this technology, training employees on AI usage is vital. AI training for employees involves equipping teams with the necessary skills and knowledge to use AI chatbots. This integration of AI in workplaces necessitates an evolution in employees' roles, shifting towards handling complex, sensitive issues that require empathy, overseeing AI chatbot interactions for quality assurance, and using AI data for strategic decision-making. Collaborative roles between humans and AI are also emerging, blending AI's efficiency with human creativity and adaptability. Implementing AI chatbots is not risk-free. Incorrect deployment or lack of proper oversight can damage credibility, brand reputation, and customer relationships. Successful AI chatbot deployment involves strategic planning, communication, robust employee training, and continuous development for adapting to new responsibilities. #AIRevolution #ChatbotTransformation #EmployeeEmpowerment #DigitalWorkforce #AITraining #InnovativeBusiness #FutureOfWork #WorkplaceEvolution

DeepMind's latest advancements in autonomous robot training focus on three key technologies. AutoRT, the primary system, blends large language models and visual language models with tailored algorithms, thereby enhancing robotic learning scalability. The SARA-RT technology specifically tunes Transformer models for improved task performance in robotics. Additionally, RT-Trajectory is introduced to advance robot motion understanding in training videos by including visual contour recognition. These developments collectively aim to create robots that are more adaptable, efficient, and safe for a wider array of tasks. #DeepMindRobotics #AutonomousRobots #AIAdvancements #RoboticTraining #TechInnovation #FutureOfRobotics #DeepMindTech #AIResearch #RoboticsEvolution #SmartRobotics

The fashion industry is increasingly integrating Artificial Intelligence (AI) in various roles, with 4.44% of job openings requiring AI experience, the highest in the UK. This trend is driven by the sector's competitive and fast-paced nature, emphasizing the importance of AI in design, production, and trend prediction to reduce waste. AI's potential extends to the retail sector too, enhancing sales, customer experience, and forecasting abilities. The shift towards AI highlights its growing significance in both technical and non-technical roles within the fashion industry. #FashionTech #AIinFashion #FutureOfWork #DigitalTransformation #FashionIndustryTrends #AIJobs #TechInApparel #InnovationInFashion #SkillUpskilling #TechSavvyFashion

The Digital Product Creation (DPC) Report 2023 by The Interline offers an extensive overview of DPC's evolving role in the fashion industry. Spanning over 225 pages, it features insights from major brands and technology leaders, analyzing DPC's market scope and its intersection with digital transformation trends. The report includes editorial content, industry context, and interviews that highlight different aspects and future perspectives of DPC. It also delves into the technology behind DPC, addressing challenges and opportunities in the current economic climate. This comprehensive report serves as a key resource for understanding DPC's impact and potential in fashion. #DPCReport2023 #FashionTechnology #DigitalTransformation #InnovationInFashion #TheInterline #FashionIndustryTrends #DigitalProductCreation #FutureOfFashion #TechInFashion #MarketAnalysisFashion

In 2024, a new global news network, Channel 1, will launch, using AI-generated newsreaders with superhuman capabilities. These photorealistic anchors can speak any language and mimic human news presenters in appearance and behavior, including humor. Channel 1 will aggregate news from trusted sources and present it in a personalized, localized manner. The AI can create footage for events without cameras, translate eyewitness reports, and provide analysis, even gauging sentiment from social media. Human editors ensure accuracy and clarity, marking AI-altered content. This revolutionary approach challenges traditional news delivery and has implications for the media industry. #AIDrivenNews #Channel1Revolution #FutureOfJournalism #PersonalizedNews #MediaInnovation #AIJournalism #DigitalNewsFrontier #TechInNews #AIAnchors #NewsTransformation

In 2023, artificial intelligence (AI) profoundly influenced the fashion industry, eclipsing metaverse and NFTs in its impact. Brands across the fashion spectrum incorporated machine learning to enhance various aspects of their operations, from supply chain management to creative design. Valentino, an early adopter, utilized AI in January for its 'Essential' campaign, creating a unique blend of human and machine-generated imagery. Moncler, in collaboration with Maison Meta, released AI-generated visuals for its London Fashion Week event in February. G-Star Raw showcased the transformative potential of AI on denim fashion in March, while Levi's employed AI to create diverse digital models, sparking debate over its implications for human models. ... These developments indicate a burgeoning trend where AI is not just a buzzword but a central element in the fashion industry's evolution, significantly contributing to its growth and innovation. #FashionTech2023 #AIinFashion #InnovativeDesign #DigitalRevolution #MachineLearningStyle #FutureOfFashion #AIandLuxuryBrands #TechTrendsetters #ArtificialIntelligenceInApparel #CuttingEdgeFashion

Google's CEO Sundar Pichai discusses the launch of Gemini, Google's advanced AI model. Pichai emphasizes Gemini's multimodal capabilities, integrating text, audio, and code learning, making it more versatile than previous models. Gemini has achieved state-of-the-art performance in benchmarks, reflecting significant advancements in AI capabilities. Pichai highlights the importance of safety in AI development and notes ongoing challenges like hallucinations in AI responses. He envisions AI as a transformative platform, impacting products, society, and job markets, advocating for responsible technology deployment and addressing its potential social implications. #GoogleGemini #AIRevolution #MultimodalAI #TechInnovation #SundarPichai #FutureOfAI

Jeffrey Katzenberg, speaking at the Bloomberg New Economy Forum, made significant predictions about the future of animated film production in relation to artificial intelligence (AI). He stated that AI is poised to dramatically reduce both the cost and time needed to produce blockbuster animated movies. This prediction points towards a radical shift in the industry, with AI-driven advancements expected to cut production costs by up to 90%. The impact of generative AI on media and entertainment, as discussed by Katzenberg, suggests a profound transformation in how animated films are made, potentially redefining the landscape of animated filmmaking #AIFilmRevolution #AnimationCostCut #KatzenbergAIInsight #AnimatedFilmsFuture #TechInEntertainment

Strategic planning often becomes a resource-draining spectacle. The article advocates for "strategy therapy," focusing on honesty and self-awareness rather than traditional analysis. Simplifying strategy into three core questions—current status, goals, and a credible path—enhances clarity. It emphasizes the importance of acknowledging unique strengths and the level of specialness, urging companies to choose between being better, best, or different, each with distinct implications for profitability and market approach. Strategy therapy, prioritizing brutal honesty and an abundance mindset, is presented as more effective than conventional planning. #StrategyTherapy #BusinessInnovation #StrategicHonesty #LeadershipMindset

3D virtual stores are transforming the retail sector by offering immersive, content-rich shopping experiences. These web-based environments go beyond traditional e-commerce, featuring digitized versions of physical products in 2D and CGI-rendered 3D formats. This innovation not only provides a new retail channel but also enhances the display and interaction with digital product creations. Companies like Obsess are leading this change, creating virtual stores that combine product visualization with brand storytelling. These stores have shown to increase sales and customer engagement, particularly with younger audiences. Additionally, they allow for dynamic merchandising and gamification, aligning with the preferences of a gaming-fluent consumer base. This shift towards 3D virtual environments signifies a crucial evolution in digital retail, emphasizing immersive and interactive customer experiences. #3DRetailRevolution #VirtualStores #FutureOfShopping #DigitalRetail #ImmersiveShopping #TechInRetail #InteractiveEcommerce #Obsess3D #VirtualMerchandising #RetailInnovation #GamifiedShopping #3DProductDisplay

Google and Microsoft have unveiled advanced generative AI services aimed at elevating e-commerce. Google Cloud introduces a chatbot for personalized shopping experiences, streamlining customer interactions and product cataloging. This AI, set for rapid deployment on websites and apps, also promises to improve product searches with a new language model. Meanwhile, Microsoft enhances its retail media tool with Creative Studio, using generative AI to produce diverse ad formats from a single product URL. This aids smaller businesses in efficient ad creation, aligning with Microsoft's vision of accessible advertising technology for all. These developments represent a significant stride in e-commerce, offering more personalized, efficient, and accessible digital retail solutions. #GoogleAI #MicrosoftAI #ECommerceRevolution #AIinRetail #GenerativeAITools #RetailTech #DigitalTransformation #BusinessInnovation #AIforECommerce #TechNews

Despite AI's growing role in retail, the industry still faces a labor shortage that technology can't solve. Key points from the National Retail Federation's Big Show reveal AI's limitations in replacing the human element essential in retail. Levi Strauss Corporation highlights initiatives like their Red Tab Foundation, which provided $3 million in aid in 2023, to maintain employee morale and retention. The tech sector's recent layoffs offer a talent pool for retail, emphasizing the need for diverse skills. However, human intellect remains crucial for high-level thinking and strategizing, areas where AI falls short. #RetailInnovation #AITrends #HumanElementInRetail #LaborShortageSolutions #RetailStrategy #EmployeeRetention #TechLayoffsImpact #RetailFuture #AIvsHumanTouch #RetailIndustryInsights

Creating new markets involves a unique set of approaches. Innovators in this space focus on identifying unmet needs, leveraging technology as a means to an end, and fostering inclusive innovation. They challenge conventional thinking, envisioning what could be, rather than what is. Success in non-disruptive market creation comes from offering substantial value and tapping into collective creativity. This strategy leads to sustainable growth and societal benefits, exemplified by innovations like Square and new industries such as e-sports and pet costumes. #InnovationLeadership #MarketCreation #NonDisruptiveGrowth #ValueInnovation #FutureOfBusinessStrategy

The fashion industry is embracing advanced technologies like AI, AR/VR, and web3 to revolutionize consumer experiences. Digital fashion, integrating inclusivity and authenticity, is expanding into realms like gaming, creating personalized and immersive experiences. Luxury and sports brands are leading this innovation, focusing on digital try-on, tokenized experiences, and community engagement. This digital transformation emphasizes the importance of co-creation, community, and mutual benefit, shaping a future where fashion and technology synergize for enhanced brand loyalty and innovation. #DigitalFashion #TechInFashion #AIStyle #FutureOfFashion #VRFashion #InnovativeBranding #ConsumerEngagement #FashionTechTrends

The fashion industry in 2024 is characterized by a blend of technological innovation and consumer-oriented trends. Technology, including AI, 3D printing, blockchain, VR, AR, and digital twins, plays a pivotal role in shaping the industry. Consumer trends emphasize sustainability, eco-conscious materials, personalization, vintage and second-hand fashion, streetwear, comfort, digital fashion, bold colors, genderless fashion, and accessorizing. Social media continues to influence fashion trends significantly. Brands must stay updated, leverage technology, and adapt to changing trends and consumer preferences for success in the dynamic fashion landscape. Featuring ELSE Corp, a Digital Retail LAB https://lnkd.in/dtG2GpVF #FashionTech2024 #SustainableStyle #DigitalFashionTrends #ConsumerDrivenFashion #FutureOfFashionIndustry

Accenture's Chief Technology Officer, Paul Daugherty, underscores the critical need for businesses, particularly Fortune 500 companies, to prioritize employee development in the face of advancing artificial intelligence (AI). During his speech at Fortune's Brainstorm AI conference in San Francisco, Daugherty emphasized the importance of investing more in people than in technology to navigate the transformative landscape AI presents. Daugherty highlighted that the workforce of the future cannot be readily hired but needs to be developed and nurtured within the current workforce. This development focuses on adapting to AI's impact on the workplace. He advocated for enhancing skills like critical thinking, reasoning, and problem-solving, as AI increasingly automates repetitive tasks. However, Daugherty also acknowledged a potential downside to the widespread adoption of AI in businesses: job consolidation. With AI's productivity gains, fewer individuals may be required for the same tasks. A pressing concern, according to him, is the future of jobs for those not directly using generative AI in their roles. #AccentureAIInsights #WorkforceDevelopment #AIandJobs #FutureOfWork #BrainstormAI2023

The fashion industry in 2024 faces economic and geopolitical challenges, but opportunities still arise amid shifting consumer priorities. Luxury continues to outperform, yet faces slowing growth due to economic pressures. Geopolitical concerns, economic volatility, and inflation impact the industry, with varied regional growth. Innovative trends, sustainability, and new consumer behaviors shape the industry's future. Brands must adapt to evolving market dynamics, focusing on resilience and strategic responses to a complex landscape. For more detailed insights, visit the full article on McKinsey's website. #FashionTrends2024 #LuxuryFashionInsights #SustainableFashionFuture #ConsumerBehaviorShifts #GlobalFashionEconomy

Microsoft's latest strategic move in AI technology is the introduction of the Phi-2 Small Language Model (SLM). Unveiled at Ignite 2023, this model, with 2.7 billion parameters, is designed to rival the capabilities of models 150 times its size. The development of Phi-2 reflects an industry trend towards smaller, more efficient models that offer both cost savings and precision. These models are tailored to specific business needs, contrasting with the broader data sets of larger models like GPT-3.5 and GPT-4. The cost-effectiveness of smaller models, such as Phi-2 and earlier versions like Phi and Phi 1.5, is complemented by their performance in tasks like common sense reasoning and language understanding. Microsoft's push for smaller models includes making Phi-2 open-source, though currently limited to research purposes. This echoes the trajectory of Meta's LLaMA, also initially released for non-commercial use. The move towards SLMs is not just a cost-saving measure; it represents a strategic pivot towards models that are more specialized and relevant for enterprise applications, both in cloud and edge computing environments​ #MicrosoftPhi2 #AIInnovation #EfficientAI #SLMRevolution #TechTrends2023 #MicrosoftIgnite #OpenSourceAI #EnterpriseAI #SmallModelsBigImpact #AIforBusiness