PressW, a leading technology company specializing in AI and automation, have announced the launch of its groundbreaking services designed to bring this new wave of innovation to businesses of all sizes. With a new focus and direction towards private equity backed mid market companies, PressW aims to empower companies to harness the power of AI and data-driven decision making to drive efficiency, save time, and boost profitability. Co-founder of PressW, Tarun Thummala states, "We believe that AI and automation are the future of business operations. AI is a groundbreaking technology that is here to stay. It is every business owner's duty to ensure they are leveraging this technology to improve their bottom lines and stay ahead of their competition".

Entrepreneurs considering starting a generative AI company need to ask themselves two important questions before diving in. First, they must evaluate whether they have the ability to compete in an increasingly commoditized market for foundational models. Secondly, they should consider whether it would be more beneficial to differentiate themselves by creating an app that utilizes these models. While starting such a company may seem easy, it's essential to acknowledge the potential competition and implications of entering a market that is rapidly evolving.

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BCG conducted a survey to understand how people in the workforce feel about AI. The survey revealed that there are significant differences in perceptions of AI between leaders and frontline employees. While leaders are more optimistic about AI, frontline employees recognize the need for training and upskilling that the new era requires. The survey also showed that almost everyone sees the need for responsible AI and regulation. Companies need to address these differences and ensure that they do not leave their frontline behind in the implementation of AI.

NEC Corp has developed generative artificial intelligence (AI) called "NEC Generative AI Service" that can be customized for each customer to adapt to their specific needs. The AI service includes licenses for proprietary large language models, dedicated hardware, software, and consulting services. NEC is also launching the "NEC Generative AI Advanced Customer Program" to support customers in creating models and utilizing the language models effectively. The company aims to achieve sales of 50 billion yen in the next three years from these generative AI-related businesses. NEC has already seen positive results internally, such as a significant reduction in man-hours required for internal system development and document creation.