CEOs Balance Tech Investment and Sustainability
Image: @sortino on Unsplash
A survey by EY shows that 24% of Nordic CEOs plan to invest in technology and AI next year. The main goal is to boost growth and productivity, according to “Vinstpotten i stora AI-racet” from Realtid.
Sustainability remains a priority for many leaders. About 27% aim to reduce carbon emissions and achieve net-zero targets. However, 38% have scaled back on sustainability due to economic uncertainties.
Balancing short-term needs with long-term goals is challenging. The study highlights AI's role in transforming sectors like healthcare, finance, retail, and manufacturing. AI predicts machinery failures and optimizes supply chains, which reduces emissions and downtime.
Despite opportunities, risks such as privacy concerns and algorithm biases exist. Companies need a thorough understanding of AI applications before proceeding. Responsible AI implementation can offer a competitive edge while supporting sustainability efforts.
Henrik Eriksson from EY encourages Swedish CEOs to explore AI’s potential. He believes this will position them as leaders in innovation and corporate responsibility.
The full article "Vinstpotten i stora AI-racet" is available on Realtid: Read Here.
Generative AI Gains Traction at Work
A report by Boston Consulting Group highlights the growing use of generative AI among workers and companies. Some 43% of workers now use these tools regularly, doubling since last year.
Despite this rise, job security concerns persist. Carin Forsling from BCG Sweden notes that as more people realize the time-saving benefits of generative AI, job takeover questions naturally arise.
Generative AI saves employees at least five hours weekly, allowing focus on other tasks. Property management has seen significant impacts from this technology.
Experts warn that companies failing to adapt may be left behind. Workers in Brazil, India, Nigeria, South Africa, and the Middle East show optimism about generative AI’s impact on jobs.
The full article "Hälften använder AI på jobbet" is available on Realtid: Read Here.
Swedish AI Pioneer Gavagai Goes Bankrupt
The Swedish firm Gavagai has filed for bankruptcy after raising SEK 150 million, reports Dagens Industri.
Founded in 2008 by Jussi Karlgren and Magnus Sahlgren, Gavagai was an early leader in text analytics using AI. The company even predicted winners of the Melodifestivalen music contest.
Despite strong technology and products, Gavagai struggled with market share. Founder Karlgren said high early demand didn’t ensure lasting market position or enough clients for sustainability.Last year’s revenues were SEK 9.7 million with a loss of SEK 11.1 million.Gavagai hopes its future might be secured if a buyer can be found for its assets.The full article "Svenskarna ville bli som ChatGPT för 10 år sedan" is available on Breakit: Read Here.An additional perspective is provided by Dagens Industri: Read Here.