Founders SwissCognitive Archives - SwissCognitive | AI Ventures, Advisory & Research https://swisscognitive.ch/top_keyword/founders-swisscognitive/ SwissCognitive | AI Ventures, Advisory & Research, committed to Unleashing AI in Business Tue, 28 Jan 2025 18:46:36 +0000 en-US hourly 1 https://wordpress.org/?v=6.8 https://i0.wp.com/swisscognitive.ch/wp-content/uploads/2021/11/cropped-SwissCognitive_favicon_2021.png?fit=32%2C32&ssl=1 Founders SwissCognitive Archives - SwissCognitive | AI Ventures, Advisory & Research https://swisscognitive.ch/top_keyword/founders-swisscognitive/ 32 32 163052516 AI Takes Centre Stage at Davos 2025 https://swisscognitive.ch/2025/01/26/ai-takes-centre-stage-at-davos-2025/ Sun, 26 Jan 2025 04:44:00 +0000 https://swisscognitive.ch/?p=127158 AI news from the global cross-industry ecosystem brought to the community in 200+ countries every week by SwissCognitive.

Der Beitrag AI Takes Centre Stage at Davos 2025 erschien zuerst auf SwissCognitive | AI Ventures, Advisory & Research.

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Dear AI Enthusiast,

AI took centre stage at Davos 2025, sparking critical conversations on ethics, collaboration, and innovation.

Explore our co-founder Dalith Steiger-Gablinger’s key takeaways and also discover how AI has driven major shifts worldwide through last week.

➡ AI-powered song unites women across 195 countries for equality
➡ Google invests $1B in AI startup Anthropic to push innovation
➡ Pope warns AI could deepen the global ‘crisis of truth
➡ Algorithms offer new solutions to pressing societal challenges
…and more!

Thank you for joining us on this journey. More AI updates are coming soon!

Kind regards, 🌞

The Team of SwissCognitive

Der Beitrag AI Takes Centre Stage at Davos 2025 erschien zuerst auf SwissCognitive | AI Ventures, Advisory & Research.

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AI Takes Center Stage at Davos 2025: A SwissCognitive Perspective https://swisscognitive.ch/2025/01/25/ai-takes-center-stage-at-davos-2025-a-swisscognitive-perspective/ Sat, 25 Jan 2025 15:57:43 +0000 https://swisscognitive.ch/?p=127150 Davos 2025 showcased AI's role in driving global collaboration, ethical governance, open-source innovation alongside national investments.

Der Beitrag AI Takes Center Stage at Davos 2025: A SwissCognitive Perspective erschien zuerst auf SwissCognitive | AI Ventures, Advisory & Research.

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The discussions at Davos 2025 highlighted AI’s growing influence on global collaboration, ethical governance, and the evolving balance between national investments and open-source innovation.

 

Dalith Steiger-Gablinger, Co-Founder SwissCognitive – “AI Takes Center Stage at Davos 2025: A SwissCognitive Perspective”


 

As the snow-capped peaks of Davos played host to the World Economic Forum 2025, the air was thick with excitement and a palpable sense of urgency. This year’s theme, “Collaboration for the Intelligent Age,” set the stage for intense discussions on artificial intelligence (AI) and its potential to reshape our world. As co-founders of SwissCognitive, Andy Fitze and I, Dalith Steiger, had the privilege of being flies on the wall at various public side events, soaking in the insights and debates that unfolded.

The buzz around AI was impossible to ignore, with sessions ranging from “Harnessing AI for Social Innovation” to “The Pulse of AI Innovation”. Clearly, the technology has moved beyond mere hype and into the realm of transformative force. As James Ong, one of the panellists, aptly put it, “We need to rethink the philosophy and the relationship between AI and human beings.” AI is not just a tool; it’s a paradigm shift that will redefine how we work, live, and interact with the world around us.”

We need to rethink the philosophy and the relationship between AI and human beings.” James Ong, Founder and Director of Artificial Intelligence International Institute [AIII]

 

One of the most striking aspects of the discussions was the emphasis on collaboration. Gone are the days of siloed AI development. The consensus at Davos was clear: to harness the full potential of AI and ensure its benefits are widely distributed, we need unprecedented levels of cooperation between governments, businesses, and civil society.

Another discussion that deeply resonates with our vision at SwissCognitive is the AI discussion in avoiding the pitfalls of the digital divide, emphasising the need for AI to “lift all boats” rather than exacerbate existing inequalities. We strongly advocated for inclusive AI development.

The ethical implications of AI were another hot topic. The sentiment that we are not just building algorithms; we are shaping the future of humanity was echoed across multiple panels, with discussions ranging from AI’s impact on privacy to its potential to either mitigate or exacerbate climate change.

As we navigated the bustling streets of Davos, Andy and I found ourselves in impromptu discussions with fellow attendees. One of the enlightening discussions was while waiting for the Meta hot chocolate or queuing for the entrance of the Dome. One thing that was present through all our exchanges. People engaged openly, with respect and humour.

The energy was infectious, with everyone from startup founders to policymakers eager to share their perspectives on AI’s future. One conversation that stuck with us was with a young entrepreneur who’s using AI to tackle food waste in developing countries. It was a powerful reminder of AI’s potential to address some of our most pressing global challenges and SDGs.

The governance of AI emerged as a critical theme throughout the forum. With the rapid pace of AI development, there’s a growing recognition that our regulatory frameworks need to evolve just as quickly. The call for adaptive, agile governance structures was loud and clear. We shouldn’t govern 21st-century technology with 20th-century laws!

“We shouldn’t govern 21st-century technology with 20th-century laws!” during a Chatham rules debate

 

Perhaps the most stimulating discussions, however, centred around the potential of AI to complement human capabilities rather than replace them. AI should be seen as a co-pilot, not an autopilot. As advocates of collaboration between humans and AI, Andy and I were heartened to hear leaders from different sectors emphasise the importance of involving humans in development.

“AI should be seen as a co-pilot, not an autopilot.” during a Chatham rules debate

 

The Open Source Revolution: A Game-Changer in the Global AI Race

Another topic that consistently emerged in our conversations was the growing importance of open source in AI development. This trend is not just reshaping the technological landscape; it’s also challenging the traditional narrative of national AI supremacy.

The United States’ commitment to investing a staggering $500 billion in AI over the next three years is undoubtedly headline-grabbing. However, as Yann LeCun, VP & Chief AI Scientist at Meta, astutely pointed out during several discussions in Davos, the real story might be the rise of open-source models rather than any single nation’s dominance.

LeCun’s perspective is particularly illuminating: “To people who see the performance of DeepSeek and think: ‘China is surpassing the US in AI.’ You are reading this wrong. The correct reading is: ‘Open source models are surpassing proprietary ones.'”

Open source LLM models are surpassing proprietary ones.” Yann LeCun, VP & Chief AI Scientist at Meta

 

This shift towards open source is democratising AI development on a global scale. LeCun explained that “DeepSeek has profited from open research and open source (e.g. PyTorch and Llama from Meta). They came up with new ideas and built them on top of other people’s work. Because their work is published and open source, everyone can profit from it. That is the power of open research and open source.”

Indeed, the open-source movement in AI is gaining momentum rapidly. Models like Llama 2, Mistral, and DeepSeek are not just matching but, in some cases, surpassing the capabilities of proprietary giants like GPT-4 and Google Gemini. This trend is reshaping the AI ecosystem, offering adaptability, cost-efficiency, and privacy compliance that many enterprises find increasingly attractive.

The implications of this shift are profound. While national investments like the U.S.’s $500 billion commitment are crucial, the collaborative nature of open-source development means that innovations can come from anywhere. This global pool of talent and ideas could potentially accelerate AI development far beyond what any single nation or company could achieve alone.

Moreover, the open source movement aligns with the growing calls for AI transparency and accountability. One tech executive at Davos noted, “We’re not just building algorithms; we’re shaping the future of humanity.” Open source development allows for greater scrutiny and collective problem-solving, potentially leading to safer and more ethical AI systems.

We’re not just building algorithms; we’re shaping the future of humanity.” CEO during a Panel in Davos

 

As we reflect on the discussions at Davos, it’s clear that the future of AI is not just about who can invest the most money. It’s about fostering a global ecosystem of innovation, collaboration, and shared progress. The rise of open source in AI is not just a technological trend; it’s a paradigm shift that could redefine how we approach some of the world’s most pressing challenges.

In this new landscape, the winners will not necessarily be the nations or companies with the deepest pockets but those who can best harness the collective intelligence of the global AI community. As we move forward, it will be fascinating to see how this open-source revolution continues to shape the future of AI and, by extension, our world.

In this new landscape, the winners will not necessarily be the nations or companies with the deepest pockets, but those who can best harness the collective intelligence of the global AI community.” Andy Fitze, Co-Founder SwissCognitive

 

As the forum drew to a close, we left Davos with a sense of cautious optimism. The challenges ahead are significant, but so too is the collective will to address them. The conversations made it clear that we are at a pivotal moment in the development of AI, and the decisions we make now will shape its trajectory for years to come. This future belongs to the young generations. We, the older generation, must be aware that every decision we make won’t affect us, as it will affect the younger generations! This responsibility is imperative!

As we return to our work at SwissCognitive, we’re more energised than ever to continue fostering dialogue and collaboration in AI. The insights gained at Davos will undoubtedly inform our efforts to build a future where AI truly lifts all boats, creating a rising tide of innovation and prosperity for all.

We are the change we wanna see”, Yip Thy Diep Ta, Founder & CEO @ J3D.AI, House of Collaboration

 

In reflecting on our experience, Andy remarked, “The technical possibilities of AI are astounding, but it’s the human ingenuity in applying these technologies that will truly change the world.” I couldn’t agree more, adding, “AI has the power to amplify our human potential, but only if we approach its development with empathy, wisdom, and a commitment to inclusivity.

Der Beitrag AI Takes Center Stage at Davos 2025: A SwissCognitive Perspective erschien zuerst auf SwissCognitive | AI Ventures, Advisory & Research.

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First Song Ever to Unite Women from All Countries Using Sound Healing Frequencies https://swisscognitive.ch/2025/01/24/first-song-ever-to-unite-women-from-all-countries-using-sound-healing-frequencies/ Fri, 24 Jan 2025 20:02:56 +0000 https://swisscognitive.ch/?p=127142 The song “195” unites women worldwide through AI and sound healing frequencies, using music to amplify voices and promote gender equality.

Der Beitrag First Song Ever to Unite Women from All Countries Using Sound Healing Frequencies erschien zuerst auf SwissCognitive | AI Ventures, Advisory & Research.

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The song “195” unites women worldwide through AI and sound healing frequencies, using music to amplify voices and promote gender equality.

 

By Martina Fuchs

Credits: The Female Quotient / The Frequency School – “First Song Ever to Unite Women from All Countries Using Sound Healing Frequencies”


 

SwissCognitive_Logo_RGBThe Frequency School – in partnership with The Female Quotient – launched “195”, the first song in history featuring women from all of the world’s 195 countries using sound healing frequencies and the 528 Hz ‘Love Frequency’ in a bid to ignite a global movement and raise awareness about gender equality across various industries including technology.

The Frequency School co-founded by Grammy-nominated and multi-platinum music producer Maejor, Kingsley Maduka, Brandon Lee, Aaron Dawson and Martina Fuchs premiered this visionary, powerful and universal campaign at a side-event in Davos, Switzerland which took place during the first day of the 55th Annual Meeting of the World Economic Forum (WEF).

Using the sounds of birds and the heartbeat as instrumental elements, “195” aims to raise the world’s frequency, elevate humanity, and trigger a positive impact by uniting and empowering women worldwide.

One woman in every one of the world’s 195 countries recognized by the United Nations said one word: “EQUALITY” in her national language or native tongue.

Martina Fuchs, business journalist and executive producer of the 195 women song, said:

“It has always been my dream to produce the first song in history featuring every country on the planet. Our vision was to unite 195 women from all walks of life from around the globe in this pioneering and groundbreaking initiative to advocate for gender equality and the rights of women and girls, and to help people struggling with mental health issues. Gender equality is not only a fundamental human right, but a necessary foundation for a peaceful, prosperous and sustainable world.”

U.S. Grammy-nominated and multi-platinum music producer Maejor who produced the song using sound healing frequencies said:

“We chose to use 528 Hz for the track which is often referred to as the ‘love frequency’, or the frequency of transformation and miracles. It provides a powerful energetic foundation for creating an environment where equality can flourish. By resonating with a frequency linked to unconditional love, we wanted to promote more respect and fairness for women, as well as deep inner healing and a state of peace. The transformative vibration of 528 Hz can inspire positive action and empathy and people to act more kindly and inclusively.”

According to scientific studies and music theory, Solfeggio frequencies, ranging from 174 Hz to 963 Hz, offer unique sound patterns that promote relaxation, stress relief, and overall well-being. These frequencies have been shown to positively impact mental, emotional, and physical health by generating vibrations that help achieve a state of calm and balance of the mind, body and spirit.

Miriam Moriati, President of the Kiribati Rotaract Youth Club and a Women and Youth representative for OARS (Ocean Alliance for Resilience and Sustainability), said:

“I’m from Kiribati, a small island nation in the Pacific, where our highest point is just 3 meters above sea level. Our women in Kiribati are vulnerable due to gender equality not being part of our culture and traditions. They are often the first to be affected by crises and the last to recover. Being part of this initiative to support women on an international stage is an incredible honor. Opportunities to represent our small country are rare, and I am grateful for this platform to amplify the voices of Kiribati women.”

Dalith Steiger, Co-Founder of SwissCognitive and the voice of Israel in the song said:

“Equality is not just an ideal—it’s our collective responsibility. The lack of gender equality still remains a huge challenge in the technology space that we need to tackle. I’m convinced that AI can support us to unbias the bias! I am grateful to be part of this global women empowerment initiative to raise awareness across various sectors.”

A new white paper by IMD in collaboration with Microsoft Switzerland and EqualVoice released at the WEF on Thursdy provides in-depth analysis and guidance for organizations to mitigate against risks and use AI responsibly.

More than 80% of the world’s organizations are expected to be using GenAI tools in production environments by 2026, and the productivity gains will likely boost global GDP by $7tn in the next decade. Yet even as innovation races ahead, important questions need to be asked about the potential risks.

Read the full report “Mind the Gap Addressing the risk of bias in Generative AI”.

The “195” song is planned to be submitted for a Guinness World Records for the title: “Most nationalities to contribute vocals to a musical recording (single song)”.

@Brandon Lee Shelley Zalis The Female Quotient The Frequency School

Der Beitrag First Song Ever to Unite Women from All Countries Using Sound Healing Frequencies erschien zuerst auf SwissCognitive | AI Ventures, Advisory & Research.

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From Ethics to Efficiency: Successfully Scaling AI Across Industries https://swisscognitive.ch/2024/12/05/from-ethics-to-efficiency-successfully-scaling-ai-across-industries/ Thu, 05 Dec 2024 16:05:03 +0000 https://swisscognitive.ch/?p=126826 Scaling AI demands balancing innovation with governance, fostering trust, and leveraging transformative applications responsibly.

Der Beitrag From Ethics to Efficiency: Successfully Scaling AI Across Industries erschien zuerst auf SwissCognitive | AI Ventures, Advisory & Research.

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Scaling AI demands balancing innovation with governance, fostering trust, and leveraging transformative applications responsibly.

 

SwissCognitive Team and Kilian Woods – “From Ethics to Efficiency: Successfully Scaling AI Across Industries” AI Trajectory 2025: AI Navigator Insights Virtual Conference Wrap-Up


 

SwissCognitive_Logo_RGBBalancing rapid AI innovation with robust governance and human-centric approaches is essential for responsible development. Scaling AI effectively requires aligning it with ethical standards, sustainability goals, and transparent practices to build trust. AI’s transformative potential lies in improving efficiency, enhancing decision-making, and driving collaboration across industries like healthcare, tourism, and business, while education and upskilling remain critical for its adoption and impact.

Yesterday, the “AI Trajectory 2025: AI Navigator Insights” conference brought together global leaders and innovators to explore the transformative power of AI across industries. This dynamic event featured thought-provoking interviews, insightful panel discussions, and award-winning AI use cases, highlighting the critical balance between innovation, governance, and collaboration in shaping the future of AI.

From leveraging AI for practical integration and scaling innovation responsibly to rethinking competitive advantages in the age of generative AI, the event offered valuable takeaways for organizations and leaders worldwide. Let’s recap the key highlights:

Advancing AI Innovation with Safety at the Core

With Michael Wade

Michael Wade underscored the need to balance rapid AI development with robust governance and cross-border guidelines, emphasizing AI’s dual nature as both a transformative tool and a potential risk.

Interview1_The_AI_Trajectory_2025_SwissCognitive_AI_Ventures_Advisory_Research

Michael Wade, Tonomus Professor of Strategy and Digital, IMD and Dalith Steiger, Co-Founder of SwissCognitive

The Five Truths for AI Practical Integration

With Markus Danhel, Amanda Obidike, Johan Steyn, James Ong, Jarrod Anderson

The panel explored strategies for scaling AI cost-effectively while balancing technology, governance, and ethics. Speakers highlighted the importance of trust-building through privacy prioritization and bias audits, integrating human empathy in decision-making, and encouraging education at all organizational levels to foster ethical AI.

Panel1_The_AI_Trajectory_2025_SwissCognitive_AI_Ventures_Advisory_Research

Markus Danhel, Head Data & AI, IBM Switzerland, Amanda Obidike, CEO of STEMi Makers of Africa, Johan Steyn, Founder, AI & Automation Thought Leader, AI for Business, James Ong, Founder & Managing Director, Artificial Intelligence International Institute (AIII), Jarrod Anderson, Chief Artificial Intelligence Officer, SYRV.AI

Trusted Value Through GenAI in Swiss Tourism

With Michael Wegmüller and Christian Dernbach

Michael Wegmüller and Dr. Christian Dernbach showcased how generative AI transforms tourism, enhancing efficiency for managers and improving traveler engagement through data-driven insights.

Embracing Collaboration and Co-Innovation

Valeria Sadovykh, Aleksandra Przegalinska, Anita Puppe, Jeannette Gorzala, Bret Greenstein

The speakers delved into the power of partnerships in advancing AI. Discussions ranged from human-centric AI models and regional collaboration to the importance of educating the workforce to adopt and innovate responsibly.

Panel2_The_AI_Trajectory_2025_SwissCognitive_AI_Ventures_Advisory_Research

Valeria Sadovykh, Technology Strategist, Microsoft, Aleksandra Przegalinska, Associate Professor and Vice Rector for Innovations and AI, Kozminski University, Harvard University, Anita Puppe, Senior Consultant Strategy & Business Design, IBM iX DACH, Jeannette Gorzala, CEO & Founder, Act.AI.Now, Bret Greenstein, PwC US Partner, Generative AI Leader

Rethinking Competitive Advantage in the Age of GenAI

With José Pedro Almeida

José Pedro Almeida envisioned a future with AI agents revolutionizing healthcare, advising doctors, and transforming business operations for increased efficiency and personalization.

Interview2_The_AI_Trajectory_2025_SwissCognitive_AI_Ventures_Advisory_Research

José Pedro Almeida, Chief AI Strategist, World’s Top 70 Health AI

Investing in AI-Driven Innovation

With Jacques Ludik, Ingrid Vasiliu-Feltes, Dr. Maria Fay, Andreas Welsch, Alberto-Giovanni

The AI experts emphasized the importance of aligning AI investments with sustainability, value creation, and regulatory compliance. The panel also explored Agentic AI’s role in personalization and called for transparency and trust-building to unlock AI’s full potential.

Panel3_The_AI_Trajectory_2025_SwissCognitive_AI_Ventures_Advisory_Research

Jacques Ludik, Founder & CEO, Cortex Logic & Cortex Group, Founder & President, Machine Intelligence Institute of Africa, Ingrid Vasiliu-Feltes, Founder & CEO Institute for Science, Entrepreneurship and Investments, Deep Tech Diplomacy & Digital Strategist, Dr. Maria Fay, AI Lead, SAP Switzerland, Andreas Welsch, Founder & Chief AI Strategist, Intelligence Briefing, Alberto-Giovanni, Chief AI Officer, HealthAI

Scaling Applied AI for Long-Term Growth

With Behshad Behzadi

Behshad Behzadi provided insights on leveraging AI for broader, more impactful transformations, addressing challenges like governance, scalability, and learning from cross-industry innovations.

Interview3_The_AI_Trajectory_2025_SwissCognitive_AI_Ventures_Advisory_Research

Behshad Behzadi, CTO and Chief AI Officer, Sportradar

 

Der Beitrag From Ethics to Efficiency: Successfully Scaling AI Across Industries erschien zuerst auf SwissCognitive | AI Ventures, Advisory & Research.

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Women & Generative AI: Unlocking New Opportunities https://swisscognitive.ch/timeline/women-generative-ai-unlocking-new-opportunities/ Mon, 14 Oct 2024 10:31:47 +0000 https://swisscognitive.ch/?post_type=cool_timeline&p=126308 An insightful and empowering event exploring the intersection of technology, ethics, and career growth for women in tech. This event features two dynamic..Read More

Der Beitrag Women & Generative AI: Unlocking New Opportunities erschien zuerst auf SwissCognitive | AI Ventures, Advisory & Research.

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An insightful and empowering event exploring the intersection of technology, ethics, and career growth for women in tech. This event features two dynamic sessions designed to inspire, inform, and spark meaningful discussions about the future of generative AI and its role in shaping industries and careers.

* Fireside Chat with Sabine Lehmann “Navigating the Societal Impact of Generative AI and Career Insights for Women in Tech”. The fireside chat will focus on the societal implications of generative AI, highlighting its impact on creativity and innovation and how we may ensure that generative AI benefits everyone. In addition, we’ll discuss the unique challenges and opportunities for women in the AI space, offering practical career advice for women aiming to make an impact in this rapidly evolving field.

 

* Expert Panel Discussion with Sabine Lehmann, Sheerah Kim, Ursula Meyer, Nikki Böhler and Dalith Steiger-Gablinger on “The Transformative Impact of Generative AI on Industries and the Emerging Opportunities for Women” moderated by Tamara Abrosini. Following the fireside chat, an expert panel will take a deeper dive into the transformative role generative AI plays across industries. The discussion will explore how AI is reshaping sectors and identify the emerging opportunities for women to lead and innovate in this space. Panelists will offer valuable insights into how women can position themselves to take advantage of these shifts, thrive in AI-driven environments and shape the future with AI.

 

Agenda

17:45 – 18:00

  • Arrival & Registration

18:00 – 18:30

  • Welcome Reception & Networking

18:30 – 18:45

  • Opening Remarks (Google & WDS)

18:45 – 19:25

  • Fireside Chat “Navigating the Societal Impact of Generative AI and Career Insights for Women in Tech” 

19:25 – 20:10

  • Expert Panel Discussion “The Transformative Impact of Generative AI on Industries and the Emerging Opportunities for Women”

20:10 – 20:30

  • Wrap-up & Networking

Der Beitrag Women & Generative AI: Unlocking New Opportunities erschien zuerst auf SwissCognitive | AI Ventures, Advisory & Research.

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AI Chatbot Reducing Conspiracy Theories https://swisscognitive.ch/2024/09/15/ai-chatbot-reducing-conspiracy-theories-2/ Sun, 15 Sep 2024 03:44:00 +0000 https://swisscognitive.ch/?p=126134 AI news from the global cross-industry ecosystem brought to the community in 200+ countries every week by SwissCognitive.

Der Beitrag AI Chatbot Reducing Conspiracy Theories erschien zuerst auf SwissCognitive | AI Ventures, Advisory & Research.

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Dear AI Enthusiast,

See what AI has achieved around the globe this week:

➡ Social services enhance healthcare and banking support using AI
➡ Dalith Steiger examines how AI is reshaping roles within the banking sector
➡ Strategies for successful AI leadership in Andreas Welsch’s new handbook.
➡ AI to diagnose autoimmune diseases in women
➡ AI chatbot reduces conspiracy theories by engaging and persuading users
➡ AI in infrastructure management, demanding significant investment for full potential realisation
…and more!

Stay tuned as we decode more AI innovations together!

Kind regards, 🌞

The Team of SwissCognitive

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How AI Is Changing The Role Of Bank Employees – ZHAW https://swisscognitive.ch/2024/09/12/how-ai-is-changing-the-role-of-bank-employees-zhaw/ Thu, 12 Sep 2024 03:44:00 +0000 https://swisscognitive.ch/?p=126066 The rapid growth of AI in banking raises questions about future changes in the tasks and roles of employees.

Der Beitrag How AI Is Changing The Role Of Bank Employees – ZHAW erschien zuerst auf SwissCognitive | AI Ventures, Advisory & Research.

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The rapid development of artificial intelligence in the banking sector raises the question of how the tasks and roles of employees will change in the future. The upcoming “Finance Circle” will address this topic.

 

Credit: This article with Dalith Steiger-Gablinger has been published in German as ZHAW-Veranstaltung: Wie KI die Rolle der Bank-Mitarbeitenden verändert” – “How AI Is Changing The Role Of Bank Employees – ZHAW”


 

The next Finance Circle will take place on 16 September 2024 under the title “Banking Skills in the Age of AI”; organized by the Zurich University of Applied Sciences (ZHAW) and in collaboration with the Zurich Bankers Association (ZBV). finews.ch is a media partner of the ZBV.

Beforehand, artificial intelligence (AI) expert Dalith Steiger-Gablinger addresses the topic in a guest article and talks about the potential changes in banking and what skills bank employees will need in the future to remain successful.

AI takes over data-intensive tasks – but not everything

Everything that is connected to data processing and preparation will be taken over by AI in the near future. AI can provide enormous support, especially in the area of portfolio management and customer advice.

The role of emotional intelligence

Artificial intelligence gives us more time to invest in interpersonal relationships, both with clients and within teams. In a world where technology is becoming increasingly dominant, skills such as empathy and emotional intelligence are more in demand than ever. Accordingly, socially critical and philosophical questions are becoming increasingly central.

Collaboration between humans and machines can only be successful if humans build the emotional bridge between the data analysis provided by AI and the needs of the customer. It’s not just about the data provided by AI, but also about how we can interpret this information in human terms and communicate it to customers.

Key skills in dealing with AI

It is a misconception that AI makes us think less. On the contrary: when dealing with AI, you have to think carefully about the goal you are pursuing and ask the AI the right questions. The result depends heavily on how precisely we formulate the task.

Dealing with ChatGPT is comparable to communication between a boss and a secretary: In the past, bosses had to communicate very clearly what they wanted to say in a letter. If the instructions were unclear, the letter was not what they had in mind. The situation is similar with ChatGPT: the more precise and well thought-out the input, the better the result.

Technological understanding required

Although technical knowledge is not the main focus when dealing with AI, it is still important that bank employees understand the “power of the technology”. It’s similar to a smartphone. You don’t need to know how it works on the inside, but you should understand the possibilities it offers.

Employees don’t need to know the technical details of an AI application, but rather recognize its potential and be able to correctly assess when and how they can use it.

Further training and gut feeling as decisive factors

In the past, stenography and typewriting skills were basic requirements. Today and in the future, it will be essential to master the use of AI applications. Bank employees who find it difficult to use these technologies will find it harder to hold their own in the industry in the future.

Another key point is gut feeling. Even if AI delivers a result that seems logical, we still have to trust our gut feeling. If we sense that an AI result doesn’t suit the customer, even though the numbers are right, we need to listen to that intuition. Humans have the unique ability to evaluate situations in context and this ability remains essential.

Ultimately, it is not about using technology at all costs, but about where it supports us in a meaningful way and where it does not. Just because something is technically possible does not mean that we should do it. Humans must always remain in control and define the framework conditions for how AI can be used in different areas – from medicine to banking.

Conclusion: Humans remain crucial

The development of AI is progressing relentlessly, but humans remain indispensable in many areas. Emotional intelligence, critical thinking and the correct assessment of technologies are examples of the crucial skills needed to survive in the job market of the future.


 

Register for ZHAW-s free event today and meet Dalith Steiger-Gablinger, and the fellow esteemed participants:

Dr. Michel Neuhaus, Head AI & Analytics, UBS Switzerland
Dr. David Schlumpf, Head Learning & Leadership Development, JB Academy, Julius Bär
Matthias Läubli, Vorsitzender der Bankleitung Raiffeisenbank Zürich
Mark Dittli, Geschäftsführer und Redaktor, The Market

The event will be conducted in German.

Original article in german.

Der Beitrag How AI Is Changing The Role Of Bank Employees – ZHAW erschien zuerst auf SwissCognitive | AI Ventures, Advisory & Research.

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Wisdom From The Women Leading The AI Industry, With Dalith Steiger-Gablinger of SwissCognitive https://swisscognitive.ch/2024/07/18/wisdom-from-the-women-leading-the-ai-industry-with-dalith-steiger-gablinger-of-swisscognitive/ Thu, 18 Jul 2024 03:44:00 +0000 https://swisscognitive.ch/?p=125770 In Authority Magazine's interview, Dalith Steiger-Gablinger, delves into how crucial is to understanding technology's power for women in AI.

Der Beitrag Wisdom From The Women Leading The AI Industry, With Dalith Steiger-Gablinger of SwissCognitive erschien zuerst auf SwissCognitive | AI Ventures, Advisory & Research.

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In an illuminating interview with Authority Magazine’s Vanessa Morcom, our co-founder Dalith Steiger-Gablinger, a leading figure in the AI industry, delves into the essential role of understanding technology’s power for women in AI.

 

Copyright: medium.com – “Wisdom From The Women Leading The AI Industry, With Dalith Steiger-Gablinger of SwissCognitive”


 

Understanding the Power of Technology: It’s crucial for women in AI to grasp the potential of technology and articulate its implications for their businesses. This understanding enables effective communication and decision-making in this tech-driven world.

As part of our series about the women leading the Artificial Intelligence industry, we had the pleasure of interviewing Dalith Steiger-Gablinger.

Dalith Steiger-Gablinger is an AI investor, serial entrepreneur, and co-founder of SwissCognitive. As an AI strategist, innovator, and investor, she advises various companies and actively participates in boards, AI accelerator programs, and mentors young girls in tech. Dalith delivers insightful keynotes worldwide, drawing from her extensive experience and knowledge. Beyond her professional endeavors, she finds joy in mountain biking and spending time with family and friends.

Thank you so much for joining us in this interview series! Can you share with us the ‘backstory” of how you decided to pursue this career path in AI?

Thank you for having me! I studied mathematics and information technology, although I faced many challenges with math during my schooling, leading me to drop out temporarily due to a lack of understanding. Upon returning and taking a mathematics course with a different teacher, I was able to grasp the subject. This experience taught me the importance that clear communication is key to understanding, and if someone doesn’t understand something, it’s the mistake of the messenger, not the receiver. This became an important backbone to my future career pursuits in AI.

I then started a career in the banking industry as a software developer 28 years ago. I was just one of the two women in this male-dominated field in the Zurich area, where I quickly became valued for my ability to bridge communication gaps between the IT and business teams.

About 10 years ago, I then attended a Gartner event in Barcelona where I was introduced to the concept of the “Digital Employee”. The Digital Employee is a conversational system powered by AI that can interact with users in order to accomplish a wide range of business tasks. Recognizing its immense potential, I was inspired to start my journey into the complex, and growing AI space.

And it turns out I wasn’t the only Swiss professional becoming drawn into the field of AI. The unique talents and attributes of Switzerland’s business community meant that we had the brain and technology power to quickly become globally competitive. This realization prompted the founding of SwissCognitive, where I currently work as a Global AI Strategist, facilitating knowledge exchange among companies and advise them on AI strategies and investments.

What lessons can others learn from your story?

The pivotal lesson from my experience is to challenge assumptions about oneself and the information received. Many women may doubt their understanding, but it’s essential to challenge this mindset and advocate for clearer communication, especially in the world of emerging technologies. Remember, if something isn’t clear, it’s not solely the individual’s fault; instead, it’s crucial to prompt the communicator to explain in simpler terms.

One instance where I shifted from self-doubt to challenging the communicator was when I joined a select group of AI fund investors as an expert to help explain the AI landscape. Despite having ongoing meetings with older male investors and initially refraining from expressing my opinions, I eventually felt compelled to speak up in a particular situation. Although I felt insecure at that moment, when I did speak up, the investors acknowledged the value of my insights and responded by saying “Wow, you’re so right.” And then the dialogue flowed much more effectively and productively from there!

It’s important to keep in mind that encouraging dialogue with phrases like “Am I right?” fosters an environment where everyone can contribute and question the message. The transformation in Switzerland’s history of women’s voting is very recent compared to other counties, so the female voice is still growing here! In my role, now supporting women and entrepreneurship in this critical AI space, I am always encouraging women of the need to challenge assumptions and promote equality.

Can you tell our readers about the most interesting projects you are working on now?

Currently, one of the most engaging projects I’m involved in is my ongoing effort to empower women entrepreneurs and the younger generation by raising awareness about the exciting potential of AI. Another one would be supporting AI startups in their strategy, growth and market entry. These activities include participating in keynote panels, engaging with students at universities, and connecting with the vibrant community we lead of over half a million AI enthusiasts on platforms like LinkedIn.

It’s crucial to invest in the younger generation and recognize the responsibility of the older generation in shaping their future. The intersection of that idea with cutting-edge technologies like AI is what I find most interesting today. I do this work through educating, giving lectures, and creating forums for collaboration and ideation.

Another dear project to me, is unleashing investments for AI startups. We mix and match these startups with investors, VC funds and corporate ventures to boost their success. Especially in Switzerland, we are proud to see that more and more Swiss investors are willing to invest into this particular growing tech scene. We see Switzerland turning more and more from a heritage culture to an investment culture, believing in its startup scene and enabling our innovation nation to become a startup nation.[…]

Read more: www.medium.com

Der Beitrag Wisdom From The Women Leading The AI Industry, With Dalith Steiger-Gablinger of SwissCognitive erschien zuerst auf SwissCognitive | AI Ventures, Advisory & Research.

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AIm high – How AI can improve life outcomes around the world https://swisscognitive.ch/2024/07/11/aim-high-how-ai-can-improve-life-outcomes-around-the-world/ Thu, 11 Jul 2024 10:30:05 +0000 https://swisscognitive.ch/?p=125737 The aim of using AI is to improve life outcomes by enhancing education, productivity, & healthcare while addressing bias and privacy concerns

Der Beitrag AIm high – How AI can improve life outcomes around the world erschien zuerst auf SwissCognitive | AI Ventures, Advisory & Research.

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In this insightful paper by UBS, our co-founder Dalith Steiger contributes to the discussion on how AI can significantly enhance life outcomes globally.

 

Copyright: ubs.com – “AIm high – How AI can improve life outcomes around the world”


SwissCognitive_Logo_RGBAt a glance

A technology-driven society

If history is any guide, AI, like other general purpose technologies, is set to unleash waves of wealth creation, resource reallocation, and societal change. These are unpredictable in shape and speed, but as investors and custodians we can, and must, seek to guide them in the long-term interests of our clients and broader society. This is the essence of sustainability. In this report, we look at AI’s consequences for society through its effects on education, workplace productivity, and health.

AI and human capital

AI can augment human capital through multiple, mutually reinforcing channels. This starts with great education, where AI can help to provide tailored learning for students and support for teachers. In the job market, about 40% of roles are highly exposed to AI. Some will be helped to become more productive, others are more likely to face automation. Lastly, healthcare, where AI has already been incorporated in many ways, but major improvements in delivery, diagnostics, drug discovery, and disease prevention are still to come.

Socializing AI

Maximizing the gains from AI requires addressing the challenges that accompany its roll-out. These range from bias and explainability issues to concerns about privacy and safety. Risks of inaccuracy and low performance, and, just as importantly, from regulators and public backlash, are all likely to be higher in companies that are not taking proactive measures to optimize AI oversight and mitigate potential impacts.

The AI supercluster

AI should not be thought of as a discrete, stand-alone breakthrough. It is rather a catch-all term for a technology supercluster. Just as “the internet” is a combination of various innovations, from fiber-optic cables to search engines, so AI comprises many interdependent technologies that facilitate and amplify each other.

These combine to form the front-end that most of us will experience via consumer technologies like OpenAI’s Chat-GPT and the back-end underpinning of various services and infrastructure, from personalized medicine to smart power grids.[…]

Download the paper here.

Read more: www.ubs.com

Der Beitrag AIm high – How AI can improve life outcomes around the world erschien zuerst auf SwissCognitive | AI Ventures, Advisory & Research.

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Digital Summit Sheds Light on the AI Revolution https://swisscognitive.ch/2024/04/26/digital-summit-sheds-light-on-the-ai-revolution/ Fri, 26 Apr 2024 08:22:52 +0000 https://swisscognitive.ch/?p=125332 The Digital Summit on April 24 in Vaduz dedicated itself to the AI revolution featuring high-profile experts and industry representatives.

Der Beitrag Digital Summit Sheds Light on the AI Revolution erschien zuerst auf SwissCognitive | AI Ventures, Advisory & Research.

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The Digital Summit held on April 24 in Vaduz dedicated itself to the current AI revolution. At the region’s leading digital conference, high-profile experts and industry representatives, including those from Amazon Web Services (AWS) and Palantir, discussed the success factors of Artificial Intelligence for both the economy and government.

 

Digital Summit Event Wrap-up – “Digital Summit beleuchtet die KI-Revolution” (Digital Summit Sheds Light on the AI Revolution)


 

SwissCognitive_Logo_RGBThe Digital Summit is a flagship event of the digital-liechtenstein.li location initiative. Its seventh edition, themed “From Algorithms to Applications – The AI Revolution,” highlighted the opportunities and challenges of Artificial Intelligence from various perspectives. Over 350 decision-makers and digital enthusiasts attended the event to engage in high-level presentations and informative discussion rounds.

Opportunity for State and Economy

On behalf of the host, Board President Lothar Ritter provided insights into the current activities of digital-liechtenstein.li and emphasized the importance of the Digital Roadmap for Liechtenstein. digital-liechtenstein.li had published the strategy paper four months ago, outlining over 50 measures to position Liechtenstein among the most modern countries in terms of digitalization by 2030. Subsequently, Markus Mayer, Deputy Head of the Office of Informatics, presented ongoing digitalization projects and e-government initiatives from the government’s perspective.

The first keynote speaker, Dalith Steiger, an AI expert and serial entrepreneur, guided the audience through the complex world of new technologies, discussing their possibilities and limitations with concrete examples. She explained how AI will capture every industry, leading companies to automate their processes, enhance efficiency, and develop new solutions.

Huge Potential for Switzerland and Liechtenstein

Data storage in the cloud plays a significant role in the deployment of AI. Christian Keller, head of Amazon Web Services (AWS) Europe, one of the world’s largest providers of cloud solutions, is convinced: “AI is still at the very beginning of a long race – similar to the early days of the internet. However, the impact that AI will have on the way we work is already very significant and will undoubtedly increase.” According to a recent AWS study, every third company in Switzerland already uses AI applications today. This trend is expected to massively increase in the coming years. The study estimates the potential for the Swiss economy at around 127 billion Swiss francs.

Interesting Glimpse into Estonia

After the refreshment break, the audience’s focus shifted to Estonia. The Baltic state has developed into a model country where virtually all administrative processes are digitized. Florian Marcus presented the basic principles for a digital society and explained how governments and administrations can excite their populations for digital services. Marcus, formerly with e-Estonia, now supports other countries in their digital transformation. After his speech, he discussed concrete experiences and examples with Liechtenstein’s Deputy Prime Minister Sabine Monauni and Christian Wolf, partner at BDO Liechtenstein and board member of digital-liechtenstein.li, to ensure the success of digitalization projects.

Do Not Miss the Connection

To conclude the event, Akshay Krishnaswamy, Chief Architect of Palantir, a leading global software company in the AI sector, took the stage. Flying in from San Francisco, he explained to the audience how data-driven decisions based on AI work. Governments, companies, and even intelligence agencies worldwide rely on software from Palantir to make critical decisions in real-time using their wealth of information and data. Krishnaswamy encouraged attendees to be open to the possibilities and challenges of new technologies to not miss the AI revolution.

AI Photobooth Draws Interest

Following the event, the over 350 guests had the opportunity to network and share their experiences during the networking apéro. A crowd favorite was the AI photobooth from the University of Applied Sciences Eastern Switzerland. Numerous participants took the opportunity to have a picture of their face taken and inserted into a background of their choice based on AI.

The Digital Summit is organized by the location initiative digital-liechtenstein.li. The initiative supports Liechtenstein in its digital transformation and is supported by around 60 companies and organizations as well as by the government and the princely house.

Original article in german.


Contact: Ministry of Interior, Economy and Environment
Patrick Stahl,
Event Agency Skunk AG
T +423 231 18 28
stahl@skunk.li

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