EY has introduced 30 artificial intelligence tools, including the EYQ AI platform, as part of a $1 billion initiative to boost efficiency and alleviate auditor burnout. In the beauty sector, innovations such as DNA-coded skincare and wearable nanobots are merging biotechnology, AI, and regenerative medicine to provide personalized consumer solutions. Mark Getty, co-founder of Getty Images, has raised alarms about proposed changes to copyright laws in the UK, warning such shifts could weaken protections for local industries and favor large tech companies.

In technology advancements, Google DeepMind has unveiled several new AI models: Lyria for music creation, Veo 2 for 4K video production, and Genie 2 for interactive virtual environments. Gemini Robotics is working on improving robotic interaction with the physical world, while AlphaChip is significantly speeding up chip design processes. Google also reported that AI optimizations in data center cooling have resulted in a remarkable 40% reduction in energy costs.

Moreover, Alexandr Wang, CEO of Scale AI, cautioned that the U.S. risks losing its competitive edge in AI to China, which has a government-supported integrated strategy. He advocated for a national data strategy to bolster efficiency and security in the AI realm, emphasizing the need for prompt action.

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