Latest news with #RAISE
Mint
21-07-2025
- Business
- Mint
Former Google CEO Eric Schmidt explains why the AI wave is no bubble, but a new industrial shift
Former Google CEO Eric Schmidt does not believe that the AI industry is in the midst of a dot-com-style bubble. In fact, he argues that the current wave marks the beginning of a new industrial era. Since the public rollout of ChatGPT in late 2022, huge investments have been made in AI, with big tech companies rallying behind the technology and portraying it as the next big thing. However, critics of AI have drawn parallels with the dot-com bubble of the late 1990s, and some, such as Torsten Slok, Chief Economist at Apollo Global Management, have warned that today's top AI stocks are even more overvalued than those in the dot-com era. Apart from Slok, Alibaba Group Chair Joe Tsai has also warned that US AI stocks are in a bubble. Amid rising scepticism around AI, Schmidt — who is also an investor in leading AI companies such as Anthropic and Perplexity — highlights the increasing number of large data centres powered by Nvidia's chips to demonstrate that the AI industry is not experiencing a bubble. Speaking at the RAISE summit in Paris, Schmidt said, "So, if if you if you ask most of the executives in the industry, they will say the following. They'll say that we're in a period of overbuilding. They'll say that there will be over capacity in two or three years. And when you ask them, they'll say, "But I'll be fine and the other guys are going to lose all their money." So that's a classic bubble, right?" 'I personally don't know. Um, I've looked at this pretty hard because you have these massive data centers and Nvidia is quite happy to sell them all the chips, you know, and uh the real estate developers are used to borrowing money to build these things. I've never seen a situation where hardware capacity was not taken up by software.' 'So I think it's it's unlikely based on my experience that this is a bubble. It's much more likely that you're seeing an whole new industrial structure.' Schmidt further noted.
Yahoo
03-07-2025
- Business
- Yahoo
Capgemini unveils strategic AI framework to turn enterprise ambition into measurable business impact
Resonance AI Framework by Capgemini Press contact:Mollie MellowsPhone:+ 44 (0) 7342 709384E-mail: Capgemini unveils strategic AI framework to turn enterprise ambition into measurable business impact Paris, July 3, 2025 – Capgemini today unveiled its Resonance AI Framework to help organizations unlock the full potential of AI at scale, reimagining their business from operations to innovation. With the vast majority of organizations planning to implement agentic AI in the next 2 years1, there is a strong need to reinforce organizations' AI readiness, while creating the right 'human-AI chemistry' to ensure long-lasting adoption. Supported by a suite of AI transformation offers and RAISE, a comprehensive generative AI and AI agents gallery, the framework enables organizations to turn strategy into action across the enterprise. In an era of unprecedented transformation, AI can release waves of opportunities across industries, ranging from performance improvement to breakthrough innovation and business reinvention. The Resonance AI Framework by Capgemini helps leaders envision AI's potential, embed it into the foundation of their operations, and enable what Capgemini terms 'human-AI chemistry'. Designed to allow effective interaction between people and intelligent systems, the framework addresses the trust, understanding, and collaboration needed for human and AI agents to build reliability over time, ensuring that hybrid teams thrive. The Resonance AI Framework combines the breadth of the Group's capabilities, enabling seamless delivery of cohesive, responsible, and high-impact solutions to clients. It is a strategic blueprint that helps organizations navigate a new world of democratized AI, release the next waves of human-AI innovation, and secure long-term adoption. 'At Capgemini, we believe AI is becoming the next utility - accessible everywhere, anytime, and by anyone. This democratization of AI empowers businesses to embed AI into the fabric of everyday operations,' said Aiman Ezzat, Chief Executive Officer of the Capgemini Group. 'At the heart of the framework is the concept of resonance, the idea that AI transformation must begin at the core of an organization and radiate outward to generate continuous waves of value. Our approach offers a clear path forward: one that aligns vision with execution, strategy with operations, and innovation with responsibility. This is how the next market-leading businesses will thrive, by fostering human-AI interaction and making AI performance real.' Releasing the next waves of human-AI innovationTo deliver business value, the Resonance AI Framework by Capgemini equips organizations to act across three strategic dimensions: AI essentials (ACCESS): The core components required to unlock actionable intelligence and transformative value within an organization. It is the combination of two critical components: Intelligent-as-a-Service, which includes scalable infrastructure, advanced language models, and software with built-in AI capabilities; and the organization's raw data - unique, unprocessed, and often underused assets that power meaningful insights. AI readiness (ADAPT): This is about preparing the organization to use AI responsibly and effectively. It involves establishing the right enablers, such as workforce models, governance frameworks, and data infrastructure. The implementation of guardrails is also required to ensure ethical, legal, and safe AI operations. Together, these foundations support scalable adoption. Human-AI chemistry (ADOPT): To achieve success with AI, organizations must intentionally design interactions between humans and AI across workflows, decision-making, and culture. The quality of collaboration between humans and AI is shaped by three core elements: clearly defined roles and responsibilities, well-designed interactions, and strong alignment with legal and ethical standards to build reliability over time. Just as team chemistry drives human performance, human-AI chemistry will shape how deeply AI can integrate into the enterprise. A comprehensive AI-first portfolio of offers delivering client outcomesCapgemini's framework is supported by a broad suite of transformation offers, each designed to help organizations derive tangible value from AI. These include: Envisioning and building the AI strategy roadmap Developing AI-powered experiences, products and innovation Boosting AI-powered go-to-market Uplifting business outcomes with AI-powered business process operations Evolving faster with AI-powered IT These offers are supported by a comprehensive and enterprise-ready generative AI and AI agents builder and gallery that will be constantly evolving to support new market opportunities (RAISE). Already being adopted by clients worldwide, the framework is poised to become a global standard for enterprise AI transformation. From manufacturing to financial services, organizations are using it to craft their AI roadmaps, hyper-automate business process and IT operations, and reimagine customer engagement. For example, Capgemini is working with a global pharmaceutical leader to address slow resolution times, high support costs, and low user satisfaction in its IT service desk. By introducing agentic and generative AI, the organization reduced average handling time by 20%, improved first contact resolution and user satisfaction, enabled up to 80% zero-touch automation, and cut operational costs by 40%. The business and technology transformation partner enabling AI-powered enterprisesThe launch of the Resonance AI Framework is the latest initiative from Capgemini to strengthen its leadership in AI. Over the last two years, Capgemini has accelerated its AI strategy by upskilling over 150,000 team members on generative AI tools and establishing AI Centers of Excellence plus two AI-focused Labs (AI Futures and AI Robotics & Experiences). With a broad ecosystem of 25 strategic partners in AI, the Group has invested in strengthening its partnerships with key players across the AI value chain, including AWS, Google Cloud, Microsoft and Mistral AI. Capgemini's leadership in AI has also been recognized by the Forrester Wave™: AI services, Q2 2024. Organizations can learn more about the Resonance AI Framework by Capgemini and how it can help them lead in the age of intelligence here. About CapgeminiCapgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, generative AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2024 global revenues of €22.1 billion. Get The Future You Want | 1 'Top Tech Trends of 2025: AI-powered everything', Capgemini Research Institute, November 2024 Attachments Resonance AI Framework by Capgemini 07_03_Resonance AI Framework_ENError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Irish Examiner
25-06-2025
- Business
- Irish Examiner
RAISE programme launched to support the future of Irish farming
A project which seeks to promote generational renewal in Irish agriculture was officially launched this week. Project 'RAISE' (Renewal of Agriculture through Intergenerational Support & Empowerment) is a structured new initiative aimed at securing the future of Irish farming focused on one of rural Ireland's most pressing challenges, generational renewal. The three-year programme is co-funded by the European Union and the Department of Agriculture. The 'Sustainable Agriculture Advisory Council', a group made up of agri-sector stakeholders, has been established. Included in this advisory council are representatives from the Irish Co-operative Organisation Society (ICOS), Teagasc, University College Cork (UCC), Macra Na Feirme, Aurivo, Dairygold, Lakeland Dairies, Tirlán, and three active farmer representatives. Over the next three years, RAISE will aim to work on establishing collaborative farming relationships between young and older farmers underpinned by training, mentoring and a strong support network. The project does not aim to transfer land or knowledge but to ensure Ireland's farms remain productive and family-centred. ICOS president Edward Carr said: 'Across Ireland, farmers are ageing and while many young people aspire to work the land, they often find themselves locked out by limited access to land, resources or mentorship. Meanwhile, older farmers face uncertainty about the future of their farms, also burdened by the emotional and financial weight of succession decisions. 'At the heart of the project is a belief in partnership and mutual respect. Whether it's a young farmer searching for their first opportunity or an older farmer wondering who will walk the fields after them, RAISE seeks to offer them a roadmap,' Mr Carr concluded. The initiative will be phased, beginning with a needs assessment capturing the lived experiences, barriers and hopes of farmers. From there, a comprehensive programme of training and capacity building will be rolled out, focusing not just on farm management, but on co-operative structures, communication and legacy building. Mentorship programmes will pair seasoned farmers with potential new entrants. The programme is open to all co-operatives and farmers across the country. A digital resource hub will centralise training modules, collaborative farming templates and real-world case studies. Participants in the project will avail of advisors and co-operative officers who will act as facilitators, helping farming families navigate often sensitive succession conversations. Community forums and awareness campaigns will be designed to spark public dialogue as well as aid in showcasing the positive impact of collaboration. Those interested in participating in the initiative can visit the RAISE project website. Read More Sunburnt but seasoned: Young Irish farmers back from Down Under
Yahoo
14-06-2025
- Politics
- Yahoo
Johnstown mayoral candidates King, DeBartola bring opposing views to Central Park effort
JOHNSTOWN, Pa. – Whether to spend millions of dollars remodeling and modernizing Johnstown's Central Park is a question that exemplifies the city's differing political opinions, including for candidates in this year's mayoral race. Deputy Mayor the Rev. Sylvia King, the Democratic nominee, is part of the establishment that has promoted the project that will include installing new sidewalks, a pavilion for entertainment, monuments walkway, greenery and infrastructure upgrades. King recently voted in favor of a motion approving a final plan for the park that passed Johnstown City Council by a 6-1 vote. Republican Party mayoral candidate John DeBartola, who considers himself a political outsider, has used his platform on Revitalize Johnstown and in public forums to oppose the plan. The project, which is expected to cost between $6 million and $8 million, is being funded by American Rescue Plan Act money for COVID-19 pandemic relief. City Council approved putting the funds toward the park project from among the $30.7 million it received in ARPA money that it was awarded in 2021. 'The vast majority of the public opposes spending $8 million to completely redesign Central Park,' DeBartola said. 'The city could have used that money to remove blight in neighborhoods, build a new police station, or support a grocery store downtown. … It's a shame city leaders prioritized Central Park over the police, fire department or our neighborhoods.' DeBartola added: 'All the public wants is honest and fair leadership. The way the city has handled the Central Park project shows they have neither.' King pointed out that the city used ARPA funds in numerous ways, including programs for home repairs, home purchases, sewer assistance, stormwater upgrades, community neighborhood development, nonprofit assistance, food insecurity and the Frank J. Pasquerilla Conference Center. The money is also linked to the $8 million in the U.S. Department of Transportation's Better Utilizing Investments to Leverage Development grant (formerly Rebuilding American Infrastructure with Sustainability and Equity) for a streetscape in the Main Street corridor. 'The ARPA funds were used as leverage to complement the RAISE grant,' King said. 'Because they are leveraged funds, they are tied to specific projects which were outlined in the RAISE grant application – and therefore cannot be reallocated for other uses. The use of ARPA funds to invest in infrastructure projects supports the revitalization of downtown.' King said the proposed changes will, in her opinion, make Central Park 'more interactive' for visitors and easier for people using mobility aids to navigate, while helping boost the economy. 'Being able to invest in the infrastructure of the city is paramount,' King said. 'The changes being made will stimulate and motivate our local economy. Hopefully it will spark more entrepreneurship initiatives. There will be inconveniences along the way. We ask for your patience during these upgrades.' The RAISE (now BUILD) grant was awarded in 2021. 'After 4 years, the RAISE grant seems to be inching along,' DeBartola wrote in an email. 'The problem is that in those 4 years, the cost of building materials has skyrocketed. The inability to execute the grant has caused us to lose millions due to inflation.'
Yahoo
05-06-2025
- Business
- Yahoo
Canada Launches Landmark National Program to Equip Nonprofits with AI for Social Impact
Funded by DIGITAL, the Human Feedback Foundation, The Dais, and Creative Destruction Lab will deliver a transformative program to close the AI adoption and skills gap in Canada's nonprofit sector — positioning Canada as a global leader in responsible AI for social impact TORONTO, June 05, 2025 (GLOBE NEWSWIRE) -- The Human Feedback Foundation (HFF), The Dais at Toronto Metropolitan University, and Creative Destruction Lab (CDL) are proud to jointly announce the launch of the Responsible AI Adoption for Social Impact (RAISE) pilot program, a first-of-its-kind national initiative to help nonprofit organizations across Canada adopt artificial intelligence (AI) responsibly and effectively. With co-investment from DIGITAL, Canada's Global Innovation Cluster for digital technologies, the program aims to establish Canada as a global leader in responsible AI adoption for social good and create a replicable model for AI for Good, positioning Canada as a global leader in human-centered, responsible AI adoption. Canada's nonprofit sector, with over 170,000 organizations contributing $192 billion to the economy (8.3% of GDP), faces a significant digital skills and technology gap. Only 4.8% of nonprofits report using AI, and less than 1% of the workforce is engaged in tech roles, according to a 2024 CCNDR report. This gap limits the sector's ability to leverage AI to meet growing community needs. 'We believe nonprofits have the potential to lead in ethical, trustworthy AI adoption,' said Elena Yunusov, Founder and Executive Director, Human Feedback Foundation. 'The RAISE pilot is designed to build practical skills, AI governance expertise, and technical capacity so nonprofits can use AI as a force for good – amplify their impact and deliver on their missions, – while prioritizing inclusion, diversity, ethical standards, and trust.' Three Core Components of RAISE The RAISE pilot will accelerate responsible AI adoption through three integrated components: Organizational AI Adoption AcceleratorA 12-month program for 5 large nonprofit organizations to adopt AI in alignment with their missions, creating scalable, positive outcomes across multiple sectors. Led by Creative Destruction Lab, this initiative builds on the acclaimed Putting AI to Work program, helping nonprofits move from strategy to responsible implementation. CAMH Foundation - Mental Health & AddictionCAMH Foundation is responsible for raising funds for CAMH, Canada's largest mental health teaching hospital and a world-leading research centre in addiction and mental health. Canadian Cancer Society - Oncology & Patient AdvocacyThe Canadian Cancer Society funds groundbreaking cancer research, provides support services, and advocates for public policies to improve the lives of those affected by cancer. Furniture Bank - Housing & Community SupportFurniture Bank is a Toronto-based charity that collects and distributes gently used furniture to help individuals and families transitioning out of homelessness or displacement. CanadaHelps - Charity Infrastructure & PhilanthropyCanadaHelps sparks generosity that powers the positive change that Canadians want to see. As the country's largest online donation and fundraising platform, CanadaHelps has raised more than $3.5 billion in support of thousands of Canadian charities and develops technology to help these organizations raise critical funds for their cause. Achēv - Employment & Newcomer IntegrationAchēv is one of the largest providers of employment, settlement, language, women, youth and technology solutions services in the GTA, that is committed to creating faster paths to prosperity for clients. AI Upskilling for Key RolesTargeted training for 500 nonprofit professionals to build AI literacy and integrate AI into roles like fundraising, data stewardship, policy, and service delivery. Led by The Dais at Toronto Metropolitan University, this initiative leverages their Secure and Responsible Technology Policy (SRTP) program to equip participants with AI literacy, practical skills, and governance fundamentals for responsible AI adoption. Responsible AI Adoption for Social Impact Governance FrameworkLed by the Human Feedback Foundation, this governance framework and AI adoption playbook will be co-developed with participating nonprofits to guide responsible AI adoption across the sector – prioritizing ethics, equity, diversity, inclusion (EDI), and measurable outcomes. Consortium Partners In addition to CDL and the Dais, the RAISE pilot proposal has been supported by Imagine Canada / Canadian Centre for Nonprofit Digital Resilience (CCNDR), Community Foundations of Canada, Canadian Cancer Society, UHN – Cancer Digital Intelligence, Achēv, Camp Tech, MindPort, and Gambit Technologies, among many others who have all provided strong letters of support and will play a role in co-developing the sector-wide framework, sharing expertise, and ensuring the pilot addresses the needs of the sector and delivers meaningful impact. Partner Quotes André Côté, Interim Executive Director at The Dais, stated: 'We at the Dais believe that equipping non-profit workers with the knowledge and skills to responsibly use AI is essential for ensuring these powerful technologies amplify the sector's collective impact for Canada, while staying true to the principles of equity, transparency, and social good that guide our work.' Sonia Sennik, CEO of Creative Destruction Lab, shared: 'Through CDL's Putting AI to Work program, we are supporting organizations to translate artificial intelligence adoption into measurable productivity impact. Now, we're bringing that proven approach to Canada's nonprofit sector. By equipping nonprofit leaders with the tools and skills to adopt AI responsibly, we aim to amplify their missions nationwide.' About the Partners About Human Feedback FoundationThe Human Feedback Foundation is a leading Canadian AI nonprofit and a member of the Linux Foundation AI & Data. It is dedicated to advancing human-centered AI development, adoption, governance, and education, ensuring AI benefits all Canadians by amplifying human agency, input, and values in AI systems. For more: About The Dais at Toronto Metropolitan UniversityThe Dais is a public policy and leadership think tank at Toronto Metropolitan University, working at the intersection of technology, education and democracy to build shared prosperity and citizenship for Canada. Visit us at About Creative Destruction LabCreative Destruction Lab (CDL) is a nonprofit organization that delivers an objectives-based program for massively scalable, seed-stage, science- and technology-based companies. Its nine-month program allows founders to learn from experienced entrepreneurs, increasing their likelihood of success. Founded by Professor Ajay Agrawal in 2012 at the University of Toronto's Rotman School of Management, the program has expanded and now has 12 sites across six countries: Toronto, Vancouver, Calgary, Montreal, Halifax, Paris, Madison, Seattle, Estonia, Berlin, Melbourne, and College Station. Companies that have participated in the CDL program have created over $51 billion (CAD) in equity value. Learn more at About DIGITALDIGITAL is a national non-profit that accelerates the development, adoption and commercialization of made-in-Canada digital technologies and the skilling of Canadian talent with an innovation model led by industry. Through a unique combination of co-investment, cross-industry collaboration, IP creation and digital talent development, it has built one of the strongest digital innovation ecosystems in Canada. DIGITAL is one of Canada's five Global Innovation Clusters: For media inquiries or to learn more about the RAISE pilot, please contact: Elena YunusovExecutive DirectorHuman Feedback Foundationelena@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
