This would increase the impact of all artificial intelligence by 15 to 40 percent. Our latest research estimates that generative AI could add the equivalent of $2.6 trillion to $4.4 trillion annually across the 63 use cases we analyzed-by comparison, the United Kingdom’s entire GDP in 2021 was $3.1 trillion. Generative AI’s impact on productivity could add trillions of dollars in value to the global economy. The following sections share our initial findings.įor the full version of this report, download the PDF. ![]() In the process, it could unlock trillions of dollars in value across sectors from banking to life sciences. It suggests that generative AI is poised to transform roles and boost performance across functions such as sales and marketing, customer operations, and software development. This research is the latest in our efforts to assess the impact of this new era of AI. AI trained on these models can perform several functions it can classify, edit, summarize, answer questions, and draft new content, among other tasks.Īll of us are at the beginning of a journey to understand generative AI’s power, reach, and capabilities. Unlike previous deep learning models, they can process extremely large and varied sets of unstructured data and perform more than one task.įoundation models have enabled new capabilities and vastly improved existing ones across a broad range of modalities, including images, video, audio, and computer code. Deep learning has powered many of the recent advances in AI, but the foundation models powering generative AI applications are a step-change evolution within deep learning. Foundation models are part of what is called deep learning, a term that alludes to the many deep layers within neural networks. These models contain expansive artificial neural networks inspired by the billions of neurons connected in the human brain. For the purposes of this report, we define generative AI as applications typically built using foundation models. To grasp what lies ahead requires an understanding of the breakthroughs that have enabled the rise of generative AI, which were decades in the making. 3 Emma Roth, “The nine biggest announcements from Google I/O 2023,” The Verge, May 10, 2023. And in May 2023, Google announced several new features powered by generative AI, including Search Generative Experience and a new LLM called PaLM 2 that will power its Bard chatbot, among other Google products. 2 “Introducing Claude,” Anthropic PBC, Ma“Introducing 100K Context Windows,” Anthropic PBC, May 11, 2023. Similarly, by May 2023, Anthropic’s generative AI, Claude, was able to process 100,000 tokens of text, equal to about 75,000 words in a minute-the length of the average novel-compared with roughly 9,000 tokens when it was introduced in March 2023. ![]() 1 “Introducing ChatGPT,” OpenAI, Novem“GPT-4 is OpenAI’s most advanced system, producing safer and more useful responses,” OpenAI, accessed June 1, 2023. Four months later, OpenAI released a new large language model, or LLM, called GPT-4 with markedly improved capabilities. The speed at which generative AI technology is developing isn’t making this task any easier. This article is a collaborative effort by Michael Chui, Eric Hazan, Roger Roberts, Alex Singla, Kate Smaje, Alex Sukharevsky, Lareina Yee, and Rodney Zemmel, representing views from QuantumBlack, AI by McKinsey McKinsey Digital the McKinsey Technology Council the McKinsey Global Institute and McKinsey’s Growth, Marketing & Sales Practice. As a result, a broader set of stakeholders are grappling with generative AI’s impact on business and society but without much context to help them make sense of it. But it is their ability to write text, compose music, and create digital art that has garnered headlines and persuaded consumers and households to experiment on their own. The latest generative AI applications can perform a range of routine tasks, such as the reorganization and classification of data. Generative AI applications such as ChatGPT, GitHub Copilot, Stable Diffusion, and others have captured the imagination of people around the world in a way AlphaGo did not, thanks to their broad utility-almost anyone can use them to communicate and create-and preternatural ability to have a conversation with a user. Clear milestones, such as when AlphaGo, an AI-based program developed by DeepMind, defeated a world champion Go player in 2016, were celebrated but then quickly faded from the public’s consciousness. As a result, its progress has been almost imperceptible. The economic potential of generative AI: The next productivity frontier (68 pages)ĪI has permeated our lives incrementally, through everything from the tech powering our smartphones to autonomous-driving features on cars to the tools retailers use to surprise and delight consumers.
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![]() For example, Pulse Explore can be connected to PS5 (via the USB adapter) using PlayStation Link and also to a mobile phone through Bluetooth at the same time. Pulse Elite and Pulse Explore can simultaneously connect to a PlayStation Link supported device (PS5, PC, Mac, or PlayStation Portal) and a Bluetooth supported device. The PlayStation Link USB adapter will also be sold separately as a standalone item, and can be used on PC and Mac, so players can connect Pulse Elite or Pulse Explore to experience the same lossless and low latency audio. When using Pulse Elite and Pulse Explore with PS5, the USB adapter that’s included with each headset and earbuds is required for PlayStation Link. This innovation delivers low latency, lossless audio and easy switching between multiple PlayStation Link hosts such as PS5 with the USB adapter and PlayStation Portal. Pulse Elite and Pulse Explore connect directly with PlayStation Portal by leveraging this new wireless audio technology, PlayStation Link. PS VR2 games, which require the headset, and games that are streamed through PlayStation Plus Premium’s cloud streaming, are not supported.***ĭownload this image PlayStation Link, PlayStation’s new wireless audio technology It also includes a 3.5mm audio jack for wired audio. ![]() PlayStation Portal can play supported games that are installed on your PS5 console and use the Dualsense controller. PlayStation Portal will connect remotely to your PS5 over Wi-Fi**, so you’ll be able to swiftly jump from playing on your PS5 to your PlayStation Portal. ![]() PlayStation Portal is the perfect device for gamers in households where they might need to share their living room TV or simply want to play PS5 games in another room of the house. The vibrant 8-inch LCD screen is capable of 1080p resolution at 60fps, providing a high definition visual experience that’s expected from the high quality games created by world-class developers. It includes the key features of the DualSense wireless controller, including adaptive triggers and haptic feedback*. PlayStation Portal remote player brings the PS5 experience to the palm of your hand. Both Pulse Elite and Pulse Explore deliver low latency lossless audio from PS5 and PlayStation Portal using our new PlayStation Link wireless technology.ĭownload this image PlayStation Portal remote player Today we’re pleased to share more details about these products and reveal a new PlayStation over-the-ear wireless headset, Pulse Elite. In May, we gave a quick peek at our dedicated PS5 remote play device – now called PlayStation Portal remote player, and our first wireless earbuds, called Pulse Explore. That’s why today, we are especially pleased to share new updates about our upcoming hardware products. Our PlayStation community continues to give us a reason to challenge ourselves to bring new innovations to the market for all players to enjoy. Since launching PS5, we’ve been amazed to see how players around the world have embraced the generational leaps we made in the gaming experience, such as the heightened feeling of immersion delivered by the haptic feedback and adaptive triggers in the DualSense wireless controller. ![]() If you receive a refund, the cost of return shipping will be deducted from your refund.ĭepending on where you live, the time it may take for your exchanged product to reach you, may vary. You will be responsible for paying for your own shipping costs for returning your item. If the item wasn’t marked as a gift when purchased, or the gift giver had the order shipped to themselves to give to you later, we will send a refund to the gift giver and he will find out about your return. Once the returned item is received, a gift certificate will be mailed to you. If you need to exchange it for the same item, send us an email at the item was marked as a gift when purchased and shipped directly to you, you’ll receive a gift credit for the value of your return. We only replace items if they are defective or damaged. Only regular priced items may be refunded, unfortunately sale items cannot be refunded. If you’ve done all of this and you still have not received your refund yet, please contact us at items (if applicable) There is often some processing time before a refund is posted. Then contact your credit card company, it may take some time before your refund is officially posted. If you haven’t received a refund yet, first check your bank account again. If you are approved, then your refund will be processed, and a credit will automatically be applied to your credit card or original method of payment, within a certain amount of days. We will also notify you of the approval or rejection of your refund. Once your return is received and inspected, we will send you an email to notify you that we have received your returned item. There are certain situations where only partial refunds are granted (if applicable)ĬD, DVD, VHS tape, software, video game, cassette tape, or vinyl record that has been openedĪny item not in its original condition, is damaged or missing parts for reasons not due to our errorĪny item that is returned more than 30 days after delivery ![]() Please do not send your purchase back to the manufacturer. To complete your return, we require a receipt or proof of purchase. ![]() We also do not accept products that are intimate or sanitary goods, hazardous materials, or flammable liquids or gases. Perishable goods such as food, flowers, newspapers or magazines cannot be returned. Several types of goods are exempt from being returned. It must also be in the original packaging. To be eligible for a return, your item must be unused and in the same condition that you received it. If 14 days have gone by since your purchase, unfortunately we can’t offer you a refund or exchange. See Also line, plot, surface, patch, Axes LineStyleOrder propert. ![]() See the ColorSpec for more information on color.Ä®xamples Plot the sine function over three different ranges using different line styles, colors, and markers:Ĭreate a plot illustrating how to set line graphics properties: This is useful if you want to specific a color that is not in the list by using RGB values. In addition, you can specify the LineStyle, Color, and Marker properties instead of using the symbol string. MarkerSize - specifies the size of the marker in points. All together, this means you want the commands: figure () axis () set (gca, 'colororder', , 'nextplot', 'replacechildren') plot (x,y) Share.You can also specify your own default ColorOrder. ![]()
![]() ![]() Adjusted EBITDA was $3.3 million for third quarter 2021, relatively flat compared to Adjusted EBITDA for the third quarter 2020. Loss applicable to common stock, per shareįor the three months ended September 30, 2021, the Company reported an operating loss of ($5.9) million and a net loss of ($8.9) million compared to an operating loss of ($6.0) million and a net loss of ($9.4) million in the same period last year. Three and Nine Months Ended Septemcompared to the Three and Nine Months Ended Septem($ in thousands, except for per share data) (Unaudited): Adjusted EBITDA was $3.0 million in the third quarter this year, relatively flat versus the same period last year.Īs of September 30, 2021, the Company had cash and cash equivalents of $63.9 million compared to $47.8 million as of December 31, 2020. Additionally, the Company’s operating expenses this year are more normalized, including G&A expenses, given it is beyond the peak COVID-19 impacts during the same period last year when its operating expenses were below historic levels. The Company incurred significantly higher pre-opening costs in the third quarter this year compared to the same period last year due to increased costs associated with its new Puttery venues incurred this year. Operating loss for the third quarter 2021 was ($5.9) million, an improvement of $0.1 million versus an operating loss of ($6.0) million in the third quarter 2020. ![]() Additionally, the Company debuted its first Puttery entertainment golf venue in September 2021, which generated total revenue of $0.8 million this year. The increase to last year’s third quarter was primarily due to strict COVID-19 local mandates that remained in effect on large group gatherings last year, which impacted both walk-in and event revenue in the prior year’s quarter. The Company’s entertainment golf business, comprised of both Drive Shack and Puttery venues, generated total revenue of $11.3 million in the third quarter 2021, an increase of $5.1 million compared to $6.2 million in the third quarter 2020. The increase to last year’s third quarter was largely due to higher event revenue and green and cart fee revenue this year. The Company’s traditional golf business, American Golf, generated total revenue of $65.1 million in the third quarter 2021, which included $14.7 million of managed course expense reimbursements, compared to $60.3 million in the third quarter 2020, which included $15.2 million of managed course expense reimbursements. Total revenue for the third quarter this year was $76.4 million compared to $66.5 million in the same period last year. 2021 has been an instrumental year and we remain centered on our strategic priorities to drive growth and profitability this year and beyond.” Our American Golf and Drive Shack businesses have largely returned to pre-COVID levels, and our events business continues to meaningfully increase as we near the important, key holiday months. Khouri continued, “We delivered strong results for the third quarter, including the highest quarterly revenue in three years and our fifth consecutive quarter of positive adjusted EBITDA. We look forward to opening additional Puttery venues in the coming months, including our Charlotte location which is planned to open later this quarter.” ![]() I am beyond proud of the countless team members that worked hard to deliver our first venue and I thank them for their unmatched dedication and commitment to bring our Puttery brand and vision to life. Guests are responding favorably to our inaugural Puttery and the feedback on their experience remains overwhelmingly positive. “Our first Puttery venue debuted in our home market on September 3 rd in The Colony, Texas, one of the most exciting entertainment districts in North Texas. “The third quarter was a historic quarter for our Company with the launch of Puttery, our new, competitive socializing and immersive entertainment experience,” said Drive Shack Inc.’s President and Chief Executive Officer Hana Khouri. (the “Company”) (NYSE: DS), a leading owner and operator of golf-related leisure and entertainment businesses, today reported its financial results for the third quarter and nine months ended September 30, 2021. DALLAS-( BUSINESS WIRE)- Drive Shack Inc. Plus, users can easily adjust contrast, enhance colors, and sharpen images to achieve the perfect document quality as well. 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