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Urban Clouds

๐Ÿ‘‰ Issue #29 of QX Snapshots is out!

If you are interested in emerging technologies and you like what you read, consider subscribing to our newsletter on LinkedIn ! Every Friday we share key snapshot news on AI, Quantum Technologies, Industrial Metaverse and Enterprise Blockchain/DLT.

๐Ÿค– [๐€๐ˆ] OpenAI launched ChatGPT Enterprise. It boasts unlimited high-speed GPT-4 access, extended context windows for more extended inputs, and advanced data analysis. Key features include data ownership, SOC 2 compliance, encrypted conversations, an admin console for streamlined team management, and domain verification. Since ChatGPT's debut, over 80% of Fortune 500 firms have adopted it, using it for diverse tasks from communication to coding.

โ–ถ [๐€๐ˆ] US Copyright Office Issues Notice of Inquiry on Copyright and Artificial Intelligence.

โ›“ [๐๐ฅ๐จ๐œ๐ค๐œ๐ก๐š๐ข๐ง] Swiftโ€™s interoperability experiments connecting to public and private blockchain networks. Swift announced results from experiments demonstrating its capacity to seamlessly transfer tokenised assets across various public and private blockchains. Tokenisation is seen by 97% of institutional investors as a game-changer for asset management due to its potential to enhance efficiency, reduce costs, and democratize investment opportunities through fractional ownership.

โ–ถ [๐๐ฅ๐จ๐œ๐ค๐œ๐ก๐š๐ข๐ง] Lufthansa Seeks to Gamify Loyalty Program with NFTs Minted on Polygon.

๐Ÿ’ป [๐Œ๐ž๐ญ๐š๐ฏ๐ž๐ซ๐ฌ๐ž] Saudi Arabia's Strategic Investments: A Vision for Global Metaverse Leadership. Saudi Arabia, aligned with Crown Prince Mohammed bin Salman's Vision 2030, is actively investing in the metaverse to position itself as a global tech leader. The Public Investment Fund (PIF), the country's sovereign wealth fund, has invested heavily in metaverse giants Magic Leap and Meta (previously Facebook). Saudi Arabia's $450 million stake in Magic Leap has granted it over 50% ownership.

๐ŸŽ† [๐๐ฎ๐š๐ง๐ญ๐ฎ๐ฆ ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ] IDC: Customer spend on quantum computing services has fallen but will grow. IDC reports that customer spending on quantum computing will increase from $1.1 billion in 2022 to $7.6 billion in 2027, a 48.1% CAGR. This updated forecast is lower than IDC's 2021 prediction due to factors such as slower quantum hardware developments, competing technologies like generative AI, and macroeconomic challenges.

โ–ถ [๐Ž๐ญ๐ก๐ž๐ซ ๐“๐ž๐œ๐ก] Startup once valued at $2B goes bankrupt. Babylon Health, a London-based telehealth startup once valued near $2 billion, has declared bankruptcy for its U.K. subsidiary. After recent financial struggles, the majority of Babylon Health's assets were purchased by eMed Healthcare UK, a new subsidiary of U.S. company eMed. Babylon Health's fall was preceded by allegations about patient safety and governance, culminating in significant contract losses, including one with the NHS.


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