The artificial intelligence (AI) in cybersecurity market is experiencing significant growth, with a compound annual growth rate (CAGR) of 16.2% and a projected value of US$ 91.7 billion by 2032, according to Future Market Insights. The market was previously valued at over US$ 16.5 billion.
In response to growing concerns about AI risks, the Biden administration has unveiled new rules for federal government use of artificial intelligence. These policies build on an executive order President Joe Biden signed in October and aim to address potential issues as AI technology becomes more prevalent in various industries.
As AI adoption accelerates, general counsel who fail to embrace this technology may be left behind. Law departments that ignore or avoid using AI in their legal operations could suffer negative consequences due to the rapid advancements in AI technology.
The Internal Revenue Service (IRS) is utilizing artificial intelligence to detect potential tax evasion cases, raising concerns about privacy invasions and spying from lawmakers. While AI can be a valuable tool for identifying tax fraud, its implementation must be balanced with privacy considerations.
In the medical field, doctors are now using AI for early cancer detection. This technology allows healthcare professionals to identify signs of cancer earlier, enabling timely interventions that increase successful treatment and recovery chances.
When it comes to investing in AI-focused companies, potential buyers should carefully evaluate their decisions. For instance, one AI stock experienced a 15% decline in 2024 after reporting lower than expected earnings, ending its rally fueled by optimism around AI-driven products.
Lastly, Fast Company emphasizes the importance of educators embracing artificial intelligence rather than banning it. As AI becomes increasingly integrated into various aspects of society, attempting to prohibit its use is neither sustainable nor logical. Instead, educators should focus on preparing students for this brave new world by incorporating AI education into their curricula.
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Artificial Intelligence In Cybersecurity Market Surges at 16.2% CAGR, Reaches US$ 91.7 Billion by 2032
(Future Market Insights)
The artificial intelligence in cybersecurity market is valued at over US$ 16.5 billion. The market is anticipated to have risen at a CAGR of 16.2% during the ensuing ten years by the end of 2032 and be valued at around US$ 91.
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Biden administration unveils new rules for federal government’s use of artificial intelligence
(USA TODAY on MSN.com)
The policies, which build off an executive order President Joe Biden signed in October, come amid growing concerns about risks posed by AI.
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General Counsel Who Don’t Embrace Artificial Intelligence Will Eventually Be Replaced
(Law)
AI technology and its adoption is moving at light speed. General counsel who ignore the benefits of AI or avoid the use of AI in their legal operations will be left behind and their legal departments will suffer.
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IRS using artificial intelligence to make sure people aren’t playing the system
(CBS News)
While it could come in handy to stop tax evaders, lawmakers are raising concerns over invasions of privacy and even spying.
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Now doctors use artificial intelligence for early cancer detection: Experts
(Business Standard)
This early identification in turn, can enable doctors to initiate timely interventions, significantly enhancing the chances of successful treatment and recovery
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This Artificial Intelligence (AI) Stock Is Down 15% in 2024, But Should You Buy It?
(The Motley Fool on MSN.com)
Shares of the company were down 14% in a single session following the report, bringing an end to its rally, which has been fueled by optimism around its artificial intelligence (AI)-focused products.
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Why educators should embrace artificial intelligence
(Fast Company)
Banning AI is a short-term fix that is neither sustainable nor logical. It is a brave new world and there is no going back.
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