* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, June 5, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    ‘Sinners,’ starring Michael B. Jordan, is now streaming on Prime Video – About Amazon

    Experience the Thrills of ‘Sinners’ Starring Michael B. Jordan – Now Streaming on Prime Video!

    California Mid-State Fair announces entertainment lineups for Frontier and Mission stages – KSBY News

    Exciting Entertainment Lineup Unveiled for California Mid-State Fair’s Frontier and Mission Stages!

    Spotify & OpenAI: Will Gen AI ‘Hollow Out’ Entertainment? – Technology Magazine

    Will Generative AI Transform the Future of Entertainment

    Author Richard Russo Will Speak At Sandwich Town Hall – CapeNews.net

    Join Us for an Inspiring Evening with Author Richard Russo at Sandwich Town Hall!

    Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

    Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

    Salem’s Harborwalk Garden Cultivates Community with Entertainment, Food, and Events – 105.7 WROR

    Discover the Vibrant Community Spirit at Salem’s Harborwalk Garden: A Hub for Entertainment, Food, and Fun!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Domo to Participate in the D.A. Davidson Technology Summit – Business Wire

    Domo Set to Shine at the D.A. Davidson Technology Summit!

    When fiction becomes fact: 3 pieces of modern technology inspired by Star Trek – Redshirts Always Die

    From Screen to Reality: 3 Modern Technologies Inspired by Star Trek

    The Isfahan Center for Nuclear Technology – UCF, ZPP, and IRR10 – Alma Research and Education Center

    Exploring the Isfahan Center for Nuclear Technology: Innovations and Insights from UCF, ZPP, and IRR10

    Inside the tedious effort to tally AI’s energy appetite – MIT Technology Review

    Inside the tedious effort to tally AI’s energy appetite – MIT Technology Review

    Finland Set to Lead EU Quantum Technology Defense Project – IoT World Today

    Finland Set to Lead EU Quantum Technology Defense Project – IoT World Today

    AI for lawyers: Win back your time using technology – nationaljurist.com

    Reclaim Your Time: How AI is Transforming the Legal Profession

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    ‘Sinners,’ starring Michael B. Jordan, is now streaming on Prime Video – About Amazon

    Experience the Thrills of ‘Sinners’ Starring Michael B. Jordan – Now Streaming on Prime Video!

    California Mid-State Fair announces entertainment lineups for Frontier and Mission stages – KSBY News

    Exciting Entertainment Lineup Unveiled for California Mid-State Fair’s Frontier and Mission Stages!

    Spotify & OpenAI: Will Gen AI ‘Hollow Out’ Entertainment? – Technology Magazine

    Will Generative AI Transform the Future of Entertainment

    Author Richard Russo Will Speak At Sandwich Town Hall – CapeNews.net

    Join Us for an Inspiring Evening with Author Richard Russo at Sandwich Town Hall!

    Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

    Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

    Salem’s Harborwalk Garden Cultivates Community with Entertainment, Food, and Events – 105.7 WROR

    Discover the Vibrant Community Spirit at Salem’s Harborwalk Garden: A Hub for Entertainment, Food, and Fun!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Domo to Participate in the D.A. Davidson Technology Summit – Business Wire

    Domo Set to Shine at the D.A. Davidson Technology Summit!

    When fiction becomes fact: 3 pieces of modern technology inspired by Star Trek – Redshirts Always Die

    From Screen to Reality: 3 Modern Technologies Inspired by Star Trek

    The Isfahan Center for Nuclear Technology – UCF, ZPP, and IRR10 – Alma Research and Education Center

    Exploring the Isfahan Center for Nuclear Technology: Innovations and Insights from UCF, ZPP, and IRR10

    Inside the tedious effort to tally AI’s energy appetite – MIT Technology Review

    Inside the tedious effort to tally AI’s energy appetite – MIT Technology Review

    Finland Set to Lead EU Quantum Technology Defense Project – IoT World Today

    Finland Set to Lead EU Quantum Technology Defense Project – IoT World Today

    AI for lawyers: Win back your time using technology – nationaljurist.com

    Reclaim Your Time: How AI is Transforming the Legal Profession

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Generative AI could be Europe’s shot at gaining a competitive edge against the U.S., Accenture’s AI chief says

September 25, 2023
in Business
Generative AI could be Europe’s shot at gaining a competitive edge against the U.S., Accenture’s AI chief says
Share on FacebookShare on Twitter

In tech circles, sophisticated AI tools have been in the works for many years. But for businesses and the general public, AI really caught on last November with the release of OpenAI’s chatbot ChatGPT, which made AI more accessible than it previously was. And the potential of AI has pit companies—and even entire regions—against one another. 

Take the Europe and the U.S.

Europe is home to some of the industry’s early movers, including in research, while a number of big companies that are key players in the space, from Google to Microsoft, are based in America. This has stirred debates about whether Europe may be losing out against the U.S. in the quest to build powerful AI tools.

But that needn’t be the case—if anything, generative AI could offer a path for Europe to regain its edge, according to Matt Prebble, Europe’s data and AI lead at consulting behemoth Accenture. 

“We are facing things that we need to catch up on—if you look across Europe, we have more technical debt than America and we have less technology-skilled people at a board level, for example,” Prebble told Fortune in an interview last week. “Therefore, this [Generative AI] does represent an opportunity to move fast and move quickly and to address some of those areas”

One key area that AI can help with, Prebble highlighted, was in improving productivity across Europe. In the U.K., productivity sank below the average in G7 countries earlier this year. In the broader European region, productivity fell during the COVID-19 pandemic and although those figures have since picked up, according to EU data, Europe generally trails behind the U.S. in tech innovations, potentially threatening its long-term competitiveness.  

“Europe faces a number of challenges. Overall, it faces a challenge around productivity—how do we drive further growth,” Prebble said, adding that demographic and skill-based factors have contributed to stymieing the region’s growth.

“[With] AI and technology more broadly, there is an amazing opportunity to drive a different level of productivity and to be able to do more with less.”

European CEOs prioritizing AI investments

The time looks ripe for European companies to forge their path forward using AI, and many of them are already capitalizing on it, according to a survey published by Dublin-based Accenture. The poll of about 2,300 C-suite executives across different parts of the world revealed that in Europe, about 91% of the companies surveyed allocated a sizable portion of their tech budget towards generative AI, while the same figure was about 87% in North America. 

“With 40% of all working hours set to be impacted by large language models like Chat GPT, it’s clear the value this technology has for businesses, their people and customers,” Accenture Europe CEO Jean-Marc Ollagnier said in a statement following the survey results. 

“European companies are picking up the pace in the Generative AI race, with ‘Gen AI’ innovation in Europe experiencing its fastest growth rate yet.”

To Prebble, the main takeaway is that European companies are prioritizing Generative AI more than even North America. 

“There’s London, Paris, Milan—all across Europe, there’s significant talent and experience and this does represent an opportunity for European companies to get ahead.”

The region is still seeing a talent scarcity, according to the survey, underscoring the need for more training in AI-specific skills to prepare for the future. For its part, Accenture plans to invest $3 billion in AI efforts over the next three years and looks to double its AI talent to 80,000 people.  

One area in which Europe already has a leg up, Prebble notes, is in AI regulations. The EU’s AI Act, which is in its final stretch and could go on to serve as a blueprint for other parts of the world on how this powerful tech can be regulated. The U.S., in the meantime, is still seeking inputs from AI front-runners and key personalities on how to draft the right regulations.

“Europe is ahead in terms of regulation and legislation and businesses are monitoring this very carefully,” Prebble said, adding that the prospect of having clear rules in place was “encouraging” for businesses and how they can operate and adapt to the new AI world.  

Despite the headway that Europe’s made on crafting AI rules, executives are pushing back due to fears that the new laws could curb competitiveness. A group of 150 company leaders signed an open letter addressed to EU lawmakers urging them to reconsider proposed rules that could make the development of generative AI more challenging. 

“Such regulation could lead to highly innovative companies moving their activities abroad ” and investors withdrawing their money from AI development in Europe, the letter said, reports the Associated Press. “The result would be a critical productivity gap between the two sides of the Atlantic.”

Concerns over the future of AI will likely continue given the impact of this tech, but Prebble says he’s optimistic about what it would do to future jobs, even if it upends the status quo. 

“There is no doubt in my mind that there’ll be completely new jobs and roles that we can’t even imagine yet,” Prebble said. “I do see change. The question is, how do we manage and make that transition both in companies and in society generally.”

Subscribe to Well Adjusted, our newsletter full of simple strategies to work smarter and live better, from the Fortune Well team. Sign up today.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Fortune – https://fortune.com/2023/09/25/generative-ai-europe-competition-us-accenture-ai-chief-matt-prebble/

Tags: businessEurope'sGenerative
Previous Post

Five video optimization tips to help boost your landing page conversions

Next Post

Biden administration to spend $1.4bn to improve railroad safety and boost capacity in 35 states

The Ecology of Visitation – National Park Service (.gov)

Exploring the Impact of Visitor Interactions on Natural Ecosystems

June 5, 2025
Students play with science at Camp Invention at School of Innovation – News-Herald

Unleashing Creativity: Students Dive into Science at Camp Invention!

June 5, 2025
Are cold plunges good for you? Here’s what the science says. – The Washington Post

Unlocking the Benefits of Cold Plunges: What Science Reveals!

June 5, 2025
Casino magnate Alvin Chau’s wife Heidi Chan embraces Buddhist lifestyle after husband’s incarceration – VnExpress International

Casino magnate Alvin Chau’s wife Heidi Chan embraces Buddhist lifestyle after husband’s incarceration – VnExpress International

June 5, 2025
How each of the 32 teams qualified for the 2025 Club World Cup – The New York Times

Unveiling the Path: How All 32 Teams Earned Their Spot in the 2025 Club World Cup

June 5, 2025
Service side of the U.S. economy contracts for first time in almost a year due to trade fights – MarketWatch

U.S. Service Sector Shrinks for the First Time in Nearly a Year Amid Trade Tensions

June 5, 2025
‘Sinners,’ starring Michael B. Jordan, is now streaming on Prime Video – About Amazon

Experience the Thrills of ‘Sinners’ Starring Michael B. Jordan – Now Streaming on Prime Video!

June 5, 2025
Sutter Health investing $23 million in primary and behavioral care – Healthcare Finance News

Sutter Health investing $23 million in primary and behavioral care – Healthcare Finance News

June 5, 2025
Gov. Shapiro sues USDA over canceled $13M food purchasing program – LancasterOnline

Gov. Shapiro sues USDA over canceled $13M food purchasing program – LancasterOnline

June 5, 2025
Domo to Participate in the D.A. Davidson Technology Summit – Business Wire

Domo Set to Shine at the D.A. Davidson Technology Summit!

June 5, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (667)
  • Economy (681)
  • Entertainment (21,587)
  • General (15,261)
  • Health (9,723)
  • Lifestyle (684)
  • News (22,149)
  • People (682)
  • Politics (690)
  • Science (15,901)
  • Sports (21,185)
  • Technology (15,667)
  • World (668)

Recent News

The Ecology of Visitation – National Park Service (.gov)

Exploring the Impact of Visitor Interactions on Natural Ecosystems

June 5, 2025
Students play with science at Camp Invention at School of Innovation – News-Herald

Unleashing Creativity: Students Dive into Science at Camp Invention!

June 5, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version