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Generative artificial intelligence in manufacturing: opportunities for actualizing Industry 5.0 sustainability goals

Purpose This study offers practical insights into how generative artificial intelligence (AI) can enhance responsible manufacturing within the context of Industry 5.0. It explores how manufacturers can strategically maximize the potential benefits of generative AI through a synergistic approach. Design/methodology/approach The study developed a strategic roadmap by employing a mixed qualitative-quantitative research method involving case studies, interviews and interpretive structural modeling (ISM). This roadma…

Journal of Manufacturing Technology Management · Business

Generative artificial intelligence in manufacturing: opportunities for actualizing Industry 5.0 sustainability goals
Precision Farming with Smart Sensors: Current State, Challenges and Future Outlook
Both readings

Precision Farming with Smart Sensors: Current State, Challenges and Future Outlook

The agricultural sector, a vital industry for human survival and a primary source of food and raw materials, faces increasing pressure due to global population growth and environmental strains. Productivity, efficiency, and sustainability constraints are preventing traditional farming methods from adequately meeting the growing demand for food. Precision farming has emerged as a transformative paradigm to address these issues. It integrates advanced technologies to improve decision making, optimize yield, and co…

Business
Building entrepreneurial resilience during crisis using generative AI: An empirical study on SMEs
Evidence-backed gain

Building entrepreneurial resilience during crisis using generative AI: An empirical study on SMEs

Recently, Gen AI has garnered significant attention across various sectors of society, particularly capturing the interest of small business due to its capacity to allow them to reassess their business models with minimal investment. To understand how small and medium-sized firms have utilised Gen AI-based tools to cope with the market's high level of turbulence caused by the COVID-19 pandemic, geopolitical crises, and economic slowdown, researchers have conducted an empirical study. Although Gen AI is receiving…

Business
Artificial intelligence and innovation management: Charting the evolving landscape
Evidence-backed gain

Artificial intelligence and innovation management: Charting the evolving landscape

The excitement surrounding Artificial Intelligence (AI) is palpable. It is rapidly gaining prevalence in academia, business, and personal use. In particular, the emergence of generative AI, exemplified by large language models such as ChatGPT, has been marked by substantial media attention, discourse, and hype. Like most, if not all, aspects of business, innovation processes have been impacted. However, little is known about the degree of impact or the benefits that might be gained. To cut through the hype and u…

Business
Assessing the nexus of Generative AI adoption, ethical considerations and organizational performance
Evidence-backed gain

Assessing the nexus of Generative AI adoption, ethical considerations and organizational performance

Numerous enterprises employ Generative AI (GenAI) for a plethora of business operations, which can enhance organizational effectiveness. The adoption might be driven by multiple factors influencing the business landscape. Additionally, numerous ethical considerations could impact the deployment of GenAI. This unique study investigated how organizations adopt GenAI and its effects on their performance. Further, this research utilized institutional theory and ethical guidelines for AI design to develop a research…

Business
The simple macroeconomics of AI
Both readings

The simple macroeconomics of AI

SUMMARY This paper evaluates claims about the large macroeconomic implications of new advances in Artificial intelligence (AI). It starts from a task-based model of AI’s effects, working through automation and task complementarities. So long as AI’s microeconomic effects are driven by cost savings/productivity improvements at the task level, its macroeconomic consequences will be given by a version of Hulten’s theorem: Gross Domestic Product (GDP) and aggregate productivity gains can be estimated by what fractio…

Business
The AI risk repository: A meta-review, database, and taxonomy of risks from artificial intelligence
Both readings

The AI risk repository: A meta-review, database, and taxonomy of risks from artificial intelligence

The risks posed by artificial intelligence (AI) concern academics, auditors, policymakers, AI companies, and the public. Researchers, policymakers, and technology companies discuss AI risks using inconsistent terminology-the same word may describe different problems, while different words describe identical concerns. This fragmentation impedes coordinated responses to AI challenges. We address this by creating the AI Risk Repository: a living database of 1,725 risks extracted from 74 existing taxonomies and fram…

Business

Musk’s SpaceX courts retail investors as it aims for record-breaking stock market flotation

SpaceX will kick off the marketing for its highly anticipated stock exchange debut by hosting an event in June for 1,500 retail investors, as executives set out to convince buyers that the aerospace to artificial intelligence group should be valued at $2tn. In an unusual move, the company has earmarked a large portion of its shares – potentially up to 30% – for non-professional, non-institutional investors, banking on the popularity of its chief executive, Elon Musk, to help it raise $75bn (about £56bn) in what…

Business
Musk’s SpaceX courts retail investors as it aims for record-breaking stock market flotation

‘Not up for grabs’: Albanese establishes AI office and vows to protect Australian creatives from copyright ‘theft’

Anthony Albanese has promised “the strongest possible protection” for Australian creatives against misuse of their work by artificial intelligence models, warning it would be “theft” if writers, artists and musicians didn’t have control of their work or receive payment for its use. Amid growing community concern about large energy-intensive datacentres, the federal government will also set strict new rules for the facilities, including where they can be built, that they shouldn’t compete for land with housing, t…

Business
‘Not up for grabs’: Albanese establishes AI office and vows to protect Australian creatives from copyright ‘theft’

‘It’s a scam’: Americans express unease over SpaceX’s influence on retirement savings

Elon Musk became the world’s first trillionaire last week after SpaceX debuted on the stock market with a valuation of $1.77tn. Millions of Americans could soon become indirect investors in SpaceX and other emerging AI-focused companies as US markets increasingly shift toward AI-driven investments. Many Americans’ retirement savings are heavily tied to the US stock market through private 401(k) retirement savings plans. Those plans are heavily invested in index funds that track the major stock market indices. So…

Business
‘It’s a scam’: Americans express unease over SpaceX’s influence on retirement savings

Digitalization, AI Adoption, and MSME Productivity: An Ibn Khaldunian Perspective

Micro, Small, and Medium Enterprises (MSMEs) in Indonesia face persistent challenges in improving labor productivity amid rapid digital transformation and the expansion of artificial intelligence (AI). Although digitalization has increased substantially, its productivity effects remain uneven across provinces and are influenced by institutional, cultural, and religious contexts. Grounded in Ibn Khaldun’s concepts of asabiyyah and tadbir al-‘umran, this study examines the relationship between digitalization, AI a…

Business
Digitalization, AI Adoption, and MSME Productivity: An Ibn Khaldunian Perspective

Artificial intelligence and economic growth in G20 economies: investigating nonlinear effects through a GMM method

This study investigates the non-linear impact of artificial intelligence (AI) on economic growth in 19 G20 countries, using data from 2005 to 2023 and employing the Generalized Method of Moments (GMM) with both linear and quadratic models. The linear model indicates that AI-related innovation has a positive and significant effect on economic growth, while the negative quadratic term confirms a concave relationship between AI and growth. Regarding the effects of AI interactions with various mechanisms on economic…

Business
Artificial intelligence and economic growth in G20 economies: investigating nonlinear effects through a GMM method

Elon Musk merges SpaceX with xAI at $1.25tn valuation

Elon Musk’s aerospace company SpaceX has acquired his artificial intelligence business xAI, in a $1.25tn (£910bn) merger that consolidates part of Musk’s empire as SpaceX prepares to go public later this year. The two companies announced the deal on Monday in a statement on SpaceX’s website, saying the merger would form “the most ambitious, vertically-integrated innovation engine on (and off) Earth, with AI, rockets, space-based internet, direct-to-mobile device communications and the world’s foremost real-time…

Business
Elon Musk merges SpaceX with xAI at $1.25tn valuation

KPMG partner fined for using artificial intelligence to cheat in AI training test

A partner at the consultancy KPMG has been fined for using artificial intelligence to cheat during an internal training course on AI. The unnamed partner was fined A$10,000 (£5,200) for using the technology to cheat, one of a number of staff reportedly using the tactic. More than two dozen KPMG Australia staff have been caught using AI tools to cheat on internal exams since July, the company said, increasing concerns over AI-fuelled cheating in accountancy firms. The consultancy used its own AI detection tools t…

Business
KPMG partner fined for using artificial intelligence to cheat in AI training test

Governing Enterprise AI Investments: A Decision-Centric Portfolio Framework

Despite enterprises continuing to invest heavily in AI, many initiatives fail to scale or generate sustained business value. Terming this the AI-investment paradox, we argue that it persists because firms govern AI as a broad technology program rather than as a set of discrete, investable decision opportunities embedded within workflows. We address this issue by developing a decision-centric portfolio framework for governing enterprise AI investments. Our framework introduces AI-Investable Process Nodes (AIPNs)…

Business
Governing Enterprise AI Investments: A Decision-Centric Portfolio Framework