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AI Spending Boom, Data Science Breakthroughs & Tax Audit Predictions
Tech Giants Expected to Ramp Up AI Spending Spree After DeepSeek
Image Source: Bloomberg
• Tech giants are projected to increase their annual AI spending to over $500 billion by the early 2020s.
• DeepSeek and OpenAI are contributing to this surge in AI investments with their innovative AI approaches.
Undergraduate Upends a 40-Year-Old Data Science Conjecture
Image Source: Wired
• An undergraduate computer scientist, along with two colleagues, has demonstrated a new approach that significantly speeds up searches within hash tables, challenging a 40-year-old data science conjecture.
• The research findings indicate the potential for substantial advancements in data processing efficiency through novel techniques in handling hash tables.
Turkish Fortune Tellers Find Their Future Includes Tax Audits
Image Source: Bloomberg
• Turkish Treasury and Finance Ministry is leveraging artificial intelligence to identify earnings of psychics and fortune tellers for tax compliance.
• The use of AI is part of a larger effort in Turkey to tackle the informal economy and increase tax collection.
Trump's first 100 days: all the news affecting the tech industry
Image Source: Verge
• President Donald Trump rolled back the Biden administration's artificial intelligence order during his first 100 days in office.
• Trump halted enforcement of the TikTok ban as one of the early executive actions of his presidency.