The Elewit offices hosted a conference on advanced technologies with experts from Microsoft, Telefónica, Redeia, INE and the University of Huelva.
Elewit, Redeia's technology platform, and the BIDA Observatory have organised a meeting today in order to address the current situation regarding generative Artificial Intelligence and the cloud’s future. The event, held at Elewit's offices, was attended by renowned industry experts, including representatives from leading companies in the development and application of AI such as Microsoft, Telefónica and Redeia (Elewit's parent company), as well as the National Institute of Statistics (INE) and the University of Huelva.
"At Elewit we are delighted to be a meeting point for experts and industry leaders in the field of AI and other fields. We strongly believe in the power of collaboration and knowledge sharing to drive business transformation and technological progress," said Silvia Bruno, Chief Innovation & Technology Officer at Elewit.
During this event, attendees had the opportunity to explore the current challenges and future possibilities of other disruptive technologies and their evolution, such as the cloud. The creation of sophisticated algorithms, machine learning and its various applications for businesses were some of the hot topics addressed during the sessions.
Generative AI, the tool of the future
David Carmona, General Manager of Artificial Intelligence & Innovation at Microsoft, pointed out during his participation "Generative AI is a new way of collaboration between humans and machines. With this new AI paradigm, the machine becomes a co-pilot with whom we reason together, amplifying our capabilities in everything from everyday tasks to productivity at work or scientific research.”
Bassam Al-Zarif, Director of Information Technology at Redeia, explained during his speech "it is very difficult to find a sector where AI is not going to mean a profound change. Even at this early stage, there is an application on the horizon that will allow us to accelerate advances in science, such as making it possible to live longer and better lives or maximising the use of green energy.”
Richard Benjamins, head of Telefónica's artificial intelligence & data strategy, said that "with LLMs, AI is evolving from traditional 'narrow AI' to 'general purpose AI', which is capable of solving wide range of tasks such as generating, classifying, summarising and so on. But this is not to be confused with a 'general AI' that would have the intelligence equal to a person. Today's generative AI does not 'understand' prompts or generative responses.”
For David Salgado, Deputy Director of Methodology and Sample Design at INE, "despite the new structure and developments of these models, the mathematics are lacking, and that capacity for abstraction, for connecting data with knowledge".
Enrique Bonsón, Professor of Financial Economics and Accounting at the University of Huelva and member of the BIDA Observatory Steering Committee, analysed the advantages and disadvantages of language models based on generative AI technology within the university environment and highlighted the need to regulate not only current AI but also the one that will be developed from now on at the early stages of development towards superintelligence.
The event was followed by more than 200 people both in person and online from different countries in Europe, Latin America, Asia and also from the United States. Elewit and the BIDA Observatory remain committed to promoting and sharing knowledge to drive innovation and progress in the field of AI and other disruptive technologies.
About Elewit:
Elewit is Redeia's technology platform created in 2019 with the aim of offering solutions to the new challenges of the electricity and telecommunications sectors with one goal: driving energy transition and connectivity to create a sustainable future. With this purpose, Elewit focuses its activity on the following areas of impact: citizens at the centre; transmission and accessibility of information; renewable energies and flexibility in the operation of the electricity system; electrification of society; development and smart asset management; and cybersecurity as a cross-cutting area.
About BIDA:
El Spanish BIDA Observatory on Big Data, Artificial Intelligence and Data Analytics in the business world, is a corporate platform for experience exchange on the development and use of Big Data and Artificial Intelligence and modern techniques used in Data Analytics. The Observatory aims to generate synergies between its participating private and public entities, as well as a diverse set of initiatives and activities which provide third parties with knowledge and current trends on this evolving subject.