KPMG to invest $2B with Microsoft to develop AI for firm

KPMG announces a multi-billion-dollar investment in Microsoft’s generative AI and cloud services that will accelerate the use and development of generative AI for KPMG’s audit, tax and advisory clients and its 265,000 people globally. KPMG CEO Paul Knopp joins Caroline Hyde to discuss on "Bloomberg Technology." (Source: Bloomberg)

Ark CEO Cathie Wood speaks to KPMG CEO Paul Knopf - who shares that the firm  is to invest $2B in generative AI and Cyber and cloud solutions in partnership with Microsoft for its audit, tax and advisory clients - and expect it to return in excess of $12B for the firm!

There has been many disruptions in the accounting profession over the years- from ledgers to PCs to accounting software such as MYOB and XERO. These disruptions did not replace jobs but generated economic activity allowing business  to grow.

Paul believed that we are in an era  of the greatest technology disruption that he has seen in many decades - and believes the workforce will grow over the years - with generative AI - employing more  Cyber Professionals, Data Scientists,

Analysts and Auditors - letting AI do more mundane tasks and enabling people to be upskilled to do more interesting things !

 The firm looks forward to partnering with Microsoft to embrace this technology!

Workers will need to be lifelong learners - says Simon Dewar of BSI E’learning and is looking forward to be partnering with Kala Philip, CEO of BSI Learning Institute and Cassandra Parton, CEO of Microsoft training Partner, NEXTTECH Learning, with a view  to help upskill and reskill these humans in areas such as Generative AI, IT and Cybersecurity.

Security , governance and architecture is key for organisations to build and run their businesses. Ongoing training and a mindset of lifelong learning is key to the future of work - says NEXTTECH Director , Craig Saphin

https://www.bloomberg.com/news/videos/2023-07-12/microsoft-s-2-billion-ai-partnership-with-kpmg-video

The Opportunity to upskill and reskill people in India

India is busy constructing roads, tech campuses, airports and factories and growing by 6% a year  - but its education system leaves  a lot to be desired / says the Economist 

500m of its people are under 20— there is India’s brainy elite getting quals and the best education but for most Indians they are jobless and do not have the basic language literacy and numeracy skills! 

This could bring India’s economic development to a premature stop.

Why? 

What are some of the root causes of this lack of education ?

It’s the teachers - says the Economist

Teachers are poorly trained and badly supervised: 

• a survey of rural schools found a quarter of staff were absent. 
• Officials sometimes hand teachers unrelated duties, from administering elections to policing social-distancing rules during the pandemic.

Why is Vietnam’s kids doing so well ? It’s the teachers -  they are better prepared, more experienced and more likely to be held accountable if their pupils flunk.

The good news is that there has been a splurge on infrastructure. A decade ago only a third of government schools had handwashing facilities and only about half had electricity; now around 90% have both. 

Since 2014 India has opened nearly 400 universities. Enrolment in higher education has risen by a fifth.

BSI is proud to help solve this wicked problem by being a part of a collaboration between Australian and Indian educational institutions! 

BYJU is in Pain 

In the meantime , India’s biggest ed-tech firm has been slashed from 22b -6 b as a result of non compliance and a $1.2b debt around its neck ! 

Byju’s, who is trying to fix this problem of educating Year K-12s - and says it educates over 150m people worldwide . Deloitte has resigned  for non compliance -  resulting in many of its backers directors to resign Prosus, Peak XV Partners and ! 

Investors in BYJU include Tiger Global, Sequoia Capital, General Atlantic, Prosus and Tencent.

Australia’s leading RTO (BSI Learning ) is looking to Partner With Indian Universities

What can Australia learn from UK universities?

The Economist points out that Indian students are reviving UK universities

Last year more than 6,000 students, or about one-quarter of the total of University of East London hailed from India. 

The vice-chancellor, Amanda Broderick, says that uel has a global feel. 

It is booming. 

Total enrolment at the campuses has jumped by more than 60% since 2017.

Between 2017 and 2021 Britain saw a sixfold rise in Indians starting new courses. 

Visa data suggest that India had displaced China as the number-one sender of foreign students to Britain. 

What explains the rise? 

A change in visa rules, in 2019. (Australia take note!!!)

 Officials restored a scheme that lets foreigners stay, and work, for two years after they graduate. 

Students use those years to find employers to sponsor longer-term visas, or try to earn enough to pay down debts - 

The win win win is that these students are Helping the economy with the  labour shortage !!!

There is a boon for university finances. Foreigners pay higher fees than locals and now provide around one-fifth of university income.  In subjects such as business and management, postgraduates from overseas outnumber Britons by about ten to one. 

The Australian Opportunity!

The opportunity for students  to study in India - with BSI Learning  - in partnership with Indian Universities - with a view to get an Australian Diploma and a pathway to  Australian  Universities - is a game changer says Kala Philip - CEO of BSI Learning  .

The Economist

Is AI a danger or a solution or both

Is #ai  inevitable - unstoppable - how do you engage it?

Are we  the frog in a frying pan ?  We are evolving into  cyborgs   - and we can’t see it ? 

Is it a danger?

Are machines slaves to you or are you a slave to the machine!

Steven Bartlett Speaks to Mo Gawdat in an amazing podcast that explains #ai - the dangers and opportunities….

Is this just part of the evolution?

This is why NVIDIA is now worth $1trillion and the growth has just begun!

In 5 years animation has improved more than 1000 times using #ai 

 how has this been done ? 

So what is the breakthrough of chatgpt? 

💥it’s the capability to learn the structure of anything - and with with prompts we can guide - #ai to understands and uses language and transform  it to another structure #ai 

💥Input Text  - analyse language - pictures 

💥Generative ai - with prompts - information transferred to other information dna, proteins 

💥Why is it so powerful - what’s the 10x factor?

💥It’s so Easy to use -  Chat GPT or generative AI will revolutionise how we connect communicate and collaborate 

NVIDIA is now working with 1600 startups - it’s taking computing to another level ! What happens when computer power is 1000 times faster using quantum computing? 

Current video and communication is antequated 

Communicate - deconstruct - reconstruct 

😎The future of video 

The NVIDIA chip will be a universal translator - 

Communicated - perceived - reconstructed - regenerated and received 

Pictures will be perceived vs received . What you send is not yours but a hybrid . 

❓What is real? 

This is the result 

The ability to transform Text to  animation 

The next phase of ai and life - each person will have a “digital twin” - a servant that will do whatever you want it to do - a robot that will understand your words - and do whatever you want - a system that understands the law of physics ? 

Using human feedback and reinforcement learning - it will be able to perceive your wants and needs - to analyse your moods and understand your desires !

💥Production and throughput of factories 

Every factory will have a digital factory . It will be created before a factory is built -and then transform that twin into reality . 

Questions ❓❓❓❓❓

How will this affect 

❓Your current reality ?

❓ The way you live ?

❓ The way you feel? 

❓The way you behave ? 

❓Your environment around you? 

❓The metaverse? 

❓Does climate change go away? 

❓Do our “beings” get transformed into another “body” 

 think “Dr Spock and Star Trek”  think “avatar” becoming a reality using generative AI . Do “human beings” get transformed into “digital beings” - are we the same being ? 

❓Are we just at the beginning of another revolution ?

❓Will life in 2043 be completely different to what life is today? 

❓Will our “digital twin” become a “digital being” and make the “human being “ redundant?

? Does gender and racial bias go away - you can be whoever you want to be ? 

See the full video 

https://lnkd.in/gkkvXacB 

Nvidia now worth over $1 trillion dollars and it has only just begun https://australianinnovation.blogspot.com/2023/05/nvidia-became-first-chipmaker-to-hit.html

Nvidia - designing semiconductors for AI servers -hits $1 trillion Valuation!

Nvidia became the first chipmaker to hit a valuation of $1trn. Shares rose more than 4% on Tuesday after the company’s chief executive announced the creation of a new AI-supercomputer platform that will help other tech firms build generative AI models. Nvidia, which designs the semiconductors of choice for many AI servers, is one of several chipmakers to cash in on the AI gold rush. 

This is why the valuation has increased https://australianinnovation.blogspot.com/2023/05/nvidia-became-first-chipmaker-to-hit.html

Is AI transforming education for the better ?

AI is  transforming education - for the better !! Says Curt Carlson 

It will likely not eliminate in-class learning but it will be transformative amplifier of learning where every student in the world will have a great teacher in every subject.  

There are so many ways ai will be able to engage people. 

  Think online kid games.  

There is a proliferation of  endless online programs leveraging IT and ZOOM that is being turbo charged with AI .

Education institutions that will survive and thrive will need to embrace online, zoom and AI tools - as part of a hybrid lifelong education system. 

This helps learners become immersed in a lifelong learning process.

 The material and relevant courses need to be 

• online - where people can learn at their own pace - creating scale 
• hybrid online when interaction is required, and 
• in class as demanded by the material. This enables the social advantages of being on campus, as required. The #bbgforum which are held both face to face and virtually on zoom - are great ways to enable students to connect, collaborate, contribute, learn and grow 

As technology and ai continues to change the way we do things , Lifelong learning will be  essential to  keep up with the exponential economy.  

Welcome to the #nexttechrevolution

 who is Curt Cartson 2022

Welcome to the #nexttechrecolution

16 ways in which AI will effect Education