The expansion of e-commerce, distance learning in education and remote work as well as health care services during the pandemic prompted the greater use of artificial intelligence (AI) and cloud technology in order to cope with big data. AI and cloud solutions are on the rise in every field, from production to marketing. These, as well as the priorities of the business world, were the matters addressed this week at the Ventures60 event. The big data occupation has been generally translated into more overtime and more boring work. Yet, many institutions are now opting for cloud technology and artificial intelligence to protect themselves from the big data drain.

Udacity, an online learning platform powering the careers of the future, has announced the creation of the AWS Machine Learning Scholarship Program in conjunction with Amazon Web Services (AWS). The goal for this program is to remove barriers to skills training in machine learning and to cultivate the next generation of Machine Learning (ML) leaders from underrepresented backgrounds, including Women, Black, Latinx, Indigenous and People of Color. Enrollment in the free AWS Machine Learning Foundations course begins today. "AWS strives to help level the playing field for women and people of color, who have been underrepresented in the tech industry for far too long. We are thrilled to collaborate with Udacity to make this sort of technical training more widely available and accessible. We look forward to seeing the incredible innovations in machine learning that are sure to come from this initiative," said Ladavia Drane, Global Head, Inclusion, Diversity and Equity, AWS.

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Despite the many ominous connotations trumpeted in works of fiction, the adoption and growth of AI can is simply another phase of the technological advance that has marked the development of human society. Yet, because we associate intelligence with living creatures, particularly our own species, the idea of machines that possess that faculty excites some trepidation. AI agents may turn out to be as unpredictable and perverse as any intelligent human. No such worry is evident in Silicon Valley. Sundar Pichai, Google's chief, speaking at the World Economic Forum in Davos, Switzerland, enthused about the technology: "AI is probably the most important thing humanity has ever worked on. I think of it as something more profound than electricity or fire," he said. Google is a major participant in an AI market that is clipping along at a five-year compound annual growth rate (CAGR) of 17.5%. Globally, the industry is projected to swell to $554.3 billion by 2024. Other players of note are IBM, Intuit, Microsoft, OpenText, Palantir, SAS, and Slack.

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