Insig Ai Share Discussion Threads

[hazl] 29/3/2023 09:45

Earlier this year, research from the Department for Digital, Culture, Media & Sport (DCMS) found that 15 percent of UK businesses have already adopted the technology. This is set to rise to 22.7 percent by 2025 and 34.8 percent by 2040. Expenditure on AI is expecting to rise at a CAGR of 12.6 percent during this period, reaching £83.5 billion by 2040.

Currently, just over two-in-three (68 percent) of large companies and a third (34 percent) of medium sized companies have adopted intelligent technologies. Whilst larger companies have been the most likely to adopt the technology, this is likely to change in 2023.

[hazl] 29/3/2023 09:41

A greater need to drive efficiencies

A key automation technology is, of course, artificial intelligence (AI). Through its unique ability to process the massive quantities of time-sensitive data generated by a modern business, AI can translate the data into immediate actionable intelligence. This leads to efficiency and engagement skyrocketing without compromising on the customer experience. In turn, this reinforces an organisation’s reputation from the outside.

Efficiency and productivity gains are two of the most-often cited benefits of implementing AI. The technology enables businesses to automate their routine operations and free up the workforce for more critical tasks. This particularly applies to customer support departments where the use of AI to predict outcomes, enable more informed scenario planning and risk assessment, and ensure better targeting, will shift the dial from a one size fits all approach to a much more segmented and tailored experience for both customers and employees.

[judijudi] 29/3/2023 09:33

Pity there isn’t any positive news anywhere from Insig

[hazl] 29/3/2023 09:22

Yes... news about the rise of AI is everywhere at the moment.

[judijudi] 29/3/2023 07:42

Fantastic news for Insig

[hazl] 29/3/2023 05:49

'Lower wages'

"The only thing I am sure of is that there is no way of knowing how many jobs will be replaced by generative AI," Carl Benedikt Frey, future of-work director at the Oxford Martin School, Oxford University, told BBC News.

"What ChatGPT does, for example, is allow more people with average writing skills to produce essays and articles.

"Journalists will therefore face more competition, which would drive down wages, unless we see a very significant increase in the demand for such work.

"Consider the introduction of GPS technology and platforms like Uber. Suddenly, knowing all the streets in London had much less value - and so incumbent drivers experienced large wage cuts in response, of around 10% according to our research.

"The result was lower wages, not fewer drivers.

"Over the next few years, generative AI is likely to have similar effects on a broader set of creative tasks".

BBC This morning.

[hazl] 29/3/2023 05:40

Or is it because it's more in the news?
AI could replace equivalent of 300 million jobs - report
BBC
› news › technology-65102150
12 hours ago — Artificial intelligence (AI) could replace the equivalent of 300 million full-time jobs, a report by investment bank Goldman Sachs says.

Someone with a ‘hacker spirit’ can earn over $300,000 for a new kind of job centered around ChatGPT-like assistants




A Booming Market For AI Skills, With Salaries Topping ...
Forbes

[pj 1] 28/3/2023 18:57

The price movement is down to traders and bottom fishers hoping any seller is done.

[banshee] 28/3/2023 18:51

Well it would not be difficult, they know the 325k is a buy for example, funnily enough the clue is in the price movement.

So let's hope they do actually know something, I would not bet on it yet though.

[bis5] 28/3/2023 18:45

Do they know something we don’t better to have £39 than £0

[pj 1] 28/3/2023 18:18

Looks like the seller took £39k for stock they probably bought for £195k

Have they finished selling?

[hazl] 28/3/2023 16:37

Buys today have been great ...only one sell all day compared to no trades most days
it seems.

[hazl] 28/3/2023 15:30

INSG
Insig AI and it's use of this.

Over recent months, Insig AI plc (AIM:INSG), the data science and machine learning solutions company serving the asset management industry has conducted a series of tests using ChatGPT and other Generative AI models. As a result, we are now able to integrate the latest AI capabilities from Google, Open AI and the most advanced models such as ChatGPT and GPT-3.

We regard the advancement of this type of text based analysis as the ideal overlay to our existing repository of machine readable ESG and corporate data. Combining the deep contextual understanding that ChatGPT brings with our highly focused ESG NLP (natural language processing) classifiers will provide differentiation in surfacing the most relevant ESG disclosures, thereby increasing overall analysis and productivity.

Steve Cracknell, Chief Product Officer commented: "Analysing vast volumes of data requires readily accessible machine readable data. Having a strong domain understanding is critical to be able to evaluate the quality of an output. Our machine learning capability, substantial repository and extensive cloud expertise ideally positions Insig AI to benefit from this technological breakthrough."

[hazl] 28/3/2023 15:04

I am pleased to be part of the journey before any results come out.
Outlook is very important.

[hazl] 28/3/2023 15:03

Note the last buys are at 16p.
Clearly we can buy at less than that now on the open market.

8-)

[hazl] 28/3/2023 15:01

For anybody new I think there are many positives here which will be seen from various posters scrolling back.
I also believe directors purchases are a good indicator.

Insig AI plc (AIM: INSG), the data science and machine learning group, has been notified that, Richard Bernstein, Interim Non-Executive Chairman of the Company, has purchased 70,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a price of 16.0 pence per Ordinary Share (the "Purchase"). Following the Purchase, Mr Bernstein's shareholding stands at 14,050,000 Ordinary Shares in Insig AI, which represents 14.24% of Insig AI's total voting rights.

For further information, please visit www.insg.ai or contact:

[hazl] 28/3/2023 14:59

Oh silence....wouldn't it be nice.


8-)

[judijudi] 28/3/2023 14:12

Yes
But it isn’t happening is it?
Silence
Silence
Silence

[shrewdmole] 28/3/2023 13:56

i think we all want that jj!!

[judijudi] 28/3/2023 13:34

Not sure what you mean?

A tiny rise is of no consequence to me as a holder
I want a sustained rise driven by positive news from the company!