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A “Green” Mystery

Recently, we were passing by a plant Nursery & my wife asked me to stop and purchase some indoor plants. Since I also love the same, we stopped by & my wife purchased a few indoor plants. Few of them caught my attention & I decided to buy those which looked bit fancy. I asked the nursery owner if they could be grown indoors without direct sunlight. He said yes. That is where we bought our mystery plant! Read More…

AI Washing – The New Face of Fraud

💡 AI Washing : The New Face of Fraud in the Digital Age

Surprised by hearing it as Fraud, isn’t it ???

**AI washing**, a deceptive practice where companies exaggerate their use of artificial intelligence, is on the rise. Surprisingly, the number of S&P 500 companies mentioning AI in their Q1 2024 earnings calls has skyrocketed 🚀by 249% compared to the five-year average.

This alarming 🔔trend highlights the urgent need for companies to be cautious about making broad claims regarding their AI capabilities.

Shargel, from Bracewell, advises organizations to create a clear definition of AI for internal use and regulatory filings to avoid potential scrutiny

CIOs and executives 👑 must thoroughly review their AI capabilities before making any public claims. Failure to do so could lead to misleading statements and potential legal consequences.

AI washing 📈is a form of fraud, that capitalizes on the growing demand for AI-powered solutions. It’s crucial for businesses to distinguish genuine AI innovations from marketing hype to make informed decisions and avoid investing in ineffective tools.

As the generative AI market is projected to reach $1.3 trillion by 2032, up from $128 billion in 2024, the temptation for companies to exaggerate their AI capabilities will only increase.

In nutshell, AI washing is a new and concerning trend that requires immediate attention from companies, regulators, and investors alike.

Read more about it in this article at https://www.cio.com/article/3476097/under-pressure-to-show-progress-cios-must-beware-committing-ai-washing-themselves.html

ai aiwashing fraud technology IT CEO

Eco-friendly Plastic Bottles

You must be surprised by blog title.

As we daily read in a newspaper that PET bottle is not only a major source of pollution but the face of pollution & found in abundance at the bottom of the ocean. Coco cola alone sells over 110 billion PET bottles every year. So, you can imagine the number of bottles being consumed annually worldwide. So, why don’t we use environment-friendly glass bottles instead of PET bottles?
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Biren Parekh