Tag: SAP

Big tech forms a group to investigate the effects of AI on tech jobs
5Apr By adminNo Comments
Technology

Big tech forms a group to investigate the effects of AI on tech jobs

[ad_1] As artificial intelligence (AI) becomes increasingly prevalent in the tech industry, questions about its impact on jobs and the economy are gaining traction. Big Tech companies like Google and Microsoft, major players in AI development, are now collaborating to study the potential effects of AI on technology-related employment.Growing Concerns About Job DisplacementLed by Cisco, this consortium also includes industry giants such as IBM, Intel, SAP, and Accenture. Additionally, prominent labor unions like the AFL-CIO and the CWA are serving as advisors to the group. With the rise of generative AI technologies like chatbots and image generators, concerns about AI displacing human jobs have intensified, reported washingtonpost. Also read: Microsoft onboards former Google DeepMind co...
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5 things about AI you may have missed today: AI threatens 40% of global jobs, Urtopia unveils AI-enhanced e-bike, more
15Jan By adminNo Comments
Technology

5 things about AI you may have missed today: AI threatens 40% of global jobs, Urtopia unveils AI-enhanced e-bike, more

[ad_1] AI threatens 40% of global jobs, deepening inequality, says IMF; NASA unveils gen AI-powered tool to streamline access to vast science data; Davos survey warns geopolitics and AI to impede global economy; HCLTech and SAP join forces to propel gen AI innovation and business transformation- this and more in our daily roundup. Let us take a look.1. AI threatens 40% of global jobs, deepening inequality: IMFAI's ascent may jeopardise nearly 40 percent of global jobs, intensifying inequality, warns the International Monetary Fund (IMF). Managing Director Kristalina Georgieva urges governments to establish safety nets and retraining initiatives to counter AI's impact. Predicting heightened inequality, Georgieva calls for proactive policymaking to prevent social tensions. Advanced econom...
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SAP and Microsoft to deepen collaboration on generative AI in recruiting
16May By adminNo Comments
Technology

SAP and Microsoft to deepen collaboration on generative AI in recruiting

[ad_1] SAP will deepen collaboration with Microsoft on joint generative AI projects in the field of personnel recruiting, the German software maker announced on Monday.SAP's SuccessFactors solutions will be integrated with Microsoft's 365 Copilot and Azure OpenAI Service to access language models and generate natural language, it added. "We're very excited about the opportunities generative AI unfolds for our industry and our customers," SAP's Chief Executive Christian Klein said. In late April, Klein said the firm would embed Microsoft-backed OpenAI's ChatGPT in its products [ad_2] Source link
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German software giant SAP to cut 3,000 jobs
27Jan By adminNo Comments
Technology

German software giant SAP to cut 3,000 jobs

[ad_1] German software giant SAP on Thursday said it planned to cut some 3,000 jobs this year, joining a wave of layoffs in the global tech sector. German software giant SAP on Thursday said it planned to cut some 3,000 jobs this year, joining a wave of layoffs in the global tech sector.The Walldorf-based group, which offers both traditional software and cloud-based computing services, said it planned to carry out a "targeted restructuring programme" to "strengthen its core business" and improve efficiency. "The programme is expected to affect approximately 2.5 percent of SAP's employees," it said in an earnings report unveiling full-year results for 2022. SAP has a workforce of around 120,000 employees worldwide, meaning it plans to shed some 3,000 jobs.The move follows similar cuts ...
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