Did you know that in Croatia, more than 130 startups are developing solutions in the AI field? The AI industry in Croatia, like in many other countries, is experiencing very rapid growth and development, and the number of companies and professionals entering this field is significantly increasing. What are they working on? They are looking for specific problems worth solving, and there are plenty of those, selling their solutions worldwide, even in Croatia. One of the largest, if not the largest acquisition in the Croatian market occurred in the field of artificial intelligence when the global company Google finalized the purchase of the Croatian software company Photomath, founded by (now former) director Damir Sabol, last month, which once again confirmed that in this small country, there are indeed companies and individuals whose knowledge, work, and perseverance can stand alongside the giants like Google. In this week’s feature, Donatella Pauković writes about how artificial intelligence has become a serious business even in the domestic arena.
An old saying from Wall Street states that the market is driven by only two emotions: fear and greed. In a situation of high inflation, the latter has recently flooded public discourse, leading to accusations of greed against traders, restaurateurs, landlords, and, inevitably, bankers, while the price increases introduced by companies to exploit inflation and boost their profit margins have received a new name: greedflation, or ‘inflation of greed.’ Data shows that rising corporate profits are responsible for nearly half of European inflation over the past two years, as companies have raised prices significantly more than the rising energy costs, and according to data presented by the governor of the Croatian National Bank, margins in Croatia have contributed to inflation 3.5 times more than wages. Antonija Knežević. writes about greed in business.
