NEWS AND INSIGHTS

The number of touchpoints that the average person actually has with cutting-edge AI systems today is limited: the occasional query to ChatGPT or Google Bard/Gemini, perhaps. By the year 2030, this will have changed in dramatic fashion. We will use AIs as our personal assistants, our tutors, our career counselors, our therapists, our accountants, our lawyers. They will be ubiquitous in our work lives: conducting analyses, writing code, building products, selling products, supporting customers, coordinating across teams and organizations, making strategic decisions.

Cross-border talent mobility is expected to emerge as a global trend. According to Jobsdb’s latest annual employment platform data, although overall number of job advertisements in the market declined by 10% in 2023 compared to the year before, the average number of job applications per advertisement recorded a remarkable 37% year-on-year rise, indicating a renewed enthusiasm among jobseekers in Hong Kong to actively pursue employment opportunities.

A Swiss watchmaker is developing a blockchain-powered identity chip to enhance the security of its timepieces.

The integration of blockchain and identity chips in the luxury watches promises to significantly improve the ownership experience for customers. By leveraging the tamper-proof nature of blockchain technology, they aim to ensure that each watch remains a secure, authentic product. This is especially important for collectors, who often trade watches in the secondary market, where the risk of counterfeiting is high.

Despite challenging overall market conditions in 2023, continuing investments in frontier technologies promise substantial future growth in enterprise adoption. Generative AI (gen AI) has been a standout trend since 2022, with the extraordinary uptick in interest and investment in this technology unlocking innovative possibilities across interconnected trends such as robotics and immersive reality.