14 AI News That Broke The Internet This Week

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The World Trade Organization (WTO) recently released a report that examines how artificial intelligence may shape the future of international trade. The report projects global real trade growth could rise by nearly 14 percentage points by 2040 under optimistic scenarios of universal AI adoption, but only 7 percentage points under uneven adoption. Digitally delivered services could grow 18 percentage points in the best-case scenario. While high-income economies may gain the most productivity, lower-income economies stand to reduce trade costs more effectively, it contends.

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However, the report also warns of growing AI divides, data governance challenges, and intellectual property concerns. It advocates for global coordination through the WTO to address these risks and ensure AI fosters inclusive, equitable trade. Based on the conclusions drawn from the report, WTO underlines that AI has the potential to reduce trade costs, reshape service trade, increase AI-related goods and services trade, and redefine comparative advantages across economies.

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15 AI News That Broke The Internet This Week

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AI News That Broke The Internet This Week

14. Symbotic Inc. (NASDAQ:SYM)

Number of Hedge Fund Holders: 15 

Symbotic Inc. (NASDAQ:SYM) is an automation technology company that engages in developing technologies to improve operating efficiencies in modern warehouses. The AI business focuses on automating supply chain and warehouse operations. On November 27, the share price of the firm nosedived by close to 40% after it lowered its quarterly guidance and said it needed more time to file its annual report after finding an error in revenue recognition. The company is evaluating the financial effects of correcting the error and on internal controls over financial reporting.

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