AI This Week

Samsung Electronics Chairman Lee Jae-yong urged executives to adopt a “do-or-die” approach to navigate challenges in the AI-driven era, according to industry sources. In a video message to 2,000 executives, Lee emphasized the need for strategic transformation and future investments, even at the cost of immediate profits. This comes as Samsung faces declining market shares in key sectors like TVs, smartphones, and memory chips. The company is particularly struggling in AI semiconductors, lagging behind competitors. Lee’s message underscores Samsung’s push for resilience amid tough competition.

Yahoo Finance outlines the bullish outlook for the AI sector, explaining how AI stocks have fueled double-digit gains in major indices. Despite market jitters, analysts believe that the current $200 billion AI market could potentially reach $1 trillion by the end of the decade, highlighting key players like Nvidia in the race.

According to Kiplinger, global spending on generative AI software is projected to hit $400 billion by 2026, surpassing spending on traditional software. As companies like Adobe and Microsoft integrate AI features into popular products, the shift promises both significant productivity gains and challenges for businesses that need to adapt quickly.

Mount Sinai Health System has launched a new Center for Artificial Intelligence in Children’s Health. The initiative aims to develop, test, and integrate AI technologies into pediatric healthcare, focusing on improving diagnostics, personalizing treatments, and optimizing care delivery for young patients. Led by Dr. Benjamin Glicksberg, the center will create an integrated data infrastructure, advance multimodal AI research, and conduct clinical trials at Kravis Children’s Hospital. Mount Sinai leadership emphasizes the center’s potential to transform children’s health outcomes for generations to come.

New York State has appointed Shreya Amin as its chief artificial intelligence officer. Previously an AI scientist at Wellist, Amin will guide the state’s AI initiatives, refining Information Technology Services and staying updated with the latest advancements. Her responsibilities include optimizing AI benefits while reducing risks and ensuring strong human oversight. Amin aims to enhance state services, promote data-driven decisions, and uphold ethical standards in AI. Recently, New York advanced plans like Empire AI, a supercomputing consortium for university research. With $165 million in new funding, this initiative aims to use AI for public good. The role of chief AI officer is expanding across states, reflecting AI’s growing influence.