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Artificial Intelligence News: AI will add $15 trillion to the global economy (according to Gartner) by 2030. This fast-moving, technological breakthrough is powering the next industrial revolution and will disrupt the global economy in unforeseen ways. The DailyAlts AI channel tracks the latest developments, capital flows, technological advancements, and other influences that will transform the 2020s.

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Artificial Intelligence: Soon, A New York Festival For AI-Created Films

December 8, 2022

Runway ML, the company behind text-to-image AI system Stable Diffusion, is hosting a festival of short films made using AI. Films with a runtime of between one and 10 minutes that either include AI-generated content or were pieced together with AI-powered editing techniques will qualify for the competition, which carries a $10K prize.


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Artificial Intelligence: AI And A Camera Can Now Measure Your Blood Pressure

December 7, 2022

Researchers from the University of South Australia and Baghdad’s Middle Technical University have developed an innovative technique to monitor blood pressure using a digital camera and AI algorithms. The new method could be a vast improvement on the current system (the digital sphygmomanometer) of using an inflatable cuff tied to a patient’s arm or wrist.

Artificial Intelligence: Facebook Dating Will Use Facial Scanning To Detect Underage Users

December 6, 2022

“We’re bringing our age verification tools to Facebook Dating to verify that only adults are using the service, and to continue our efforts in preventing minors from accessing it,” said a blog post Monday by Meta (NASDAQ: META), the parent company of Facebook Dating. Users would be provided two options to verify their age, one of which is to take a video selfie.

Artificial Intelligence: Bionaut Labs Raises $43.2M For Its Micro Robots That Swim Inside The Human Body

December 5, 2022

Bionaut Labs is developing micro-scale, magnetically guided robots that deliver biologics or small molecule therapies locally to targeted disease areas to help patients suffering from severe brain disorders. The company raised a $43.2 million Series B round led by Khosla Ventures, bringing the company’s total financing raised to date to $63.2 million. New investors Deep Insight, OurCrowd, PSPRS, Sixty Degree Capital, Dolby Family Ventures, GISEV Family Ventures, What if Ventures, Tintah Grace and Gaingels participated alongside existing investors Upfront Ventures, BOLD Capital Partners, Revolution VC, and Compound.

Artificial Intelligence: OpenAI Launches ChatGPT, A New Conversational AI System

December 2, 2022

OpenAI has unveiled ChatGPT, a new AI system that interacts in a conversational way. As part of a dialogue format, ChatGPT answers followup questions, admits its mistakes, challenges incorrect premises, and rejects inappropriate requests. The new model is based on the advanced GPT-3 neural network that OpenAI first debuted in 2020, and was trained using the Reinforcement Learning from Human Feedback (RLHF) method.

Artificial Intelligence: Monarch’s Electric, Driver-Optional, Smart Tractor Now In Commercial Production

December 2, 2022

Monarch Tractor has rolled out the first production model of the MK-V tractor that combines electrification, automation, and data analysis to help farmers reduce their carbon footprint, improve field safety, streamline farming operations, and boost profitability. The company’s first customer is liquor and wine group Constellation Brands (NYSE: STZ), which has purchased the first six Founder Series MK-V tractors.

Artificial Intelligence: Elon Musk Claims A Neuralink Chip Will Be Implanted In A Human Brain In Six Months

December 2, 2022

Elon Musk said in a company show-and-tell presentation on Wednesday that Neuralink was readying to plant its first chip into a human brain in six months, after successful testing on monkeys and pigs. According to prior research, a person with paralysis can control a computer mouse or keyboard just by thinking about how they want to move. Neuralink is therefore building a fully implantable, cosmetically invisible brain-computer interface to let a human control a computer or mobile device anywhere they go.

Artificial Intelligence: AI Automatically Classifies 1000 Supernovae For Caltech Astronomers

December 1, 2022

Data is captured every night by the Zwicky Transient Facility or ZTF, a sky survey instrument based at Caltech’s Palomar Observatory, which scans the skies looking for changes (transient events) that could be of interest to astronomers. These alerts have led to the discovery of thousands of supernovae, but the sheer volume of data from ZTF makes its classification and analysis very difficult for humans.

Artificial Intelligence: Global Specialty Chemicals Major Nouryon Invests In AGEYE Technologies

November 30, 2022

AGEYE Technologies aims to help indoor farms become sustainable and scalable through significant reductions in operational costs by using AI, IoT sensors, and its automation platform. The platform monitors every connected vertical farm or greenhouse 24/7, 365 – and uses state-of-the-art artificial intelligence to turn these visual inputs into growth development insights and autonomous actions, improving harvest predictability and profitability. Dutch speciality chemicals producer Nouryon has announced a collaboration with, and an investment, in AGEYE.

Artificial Intelligence: Tickeron Launches AI Robots That Use Fundamental Analysis To Trade For You

November 30, 2022

Tickeron, the marketplace for AI-based trading algorithms, is offering a new breed of algos, or AI Robots, that have cut their teeth on Fundamental Analysis (FA) – a sea change from Tickeron’s hitherto reliance on Technical Analysis (TA) for training the bots.

Artificial Intelligence: AI To Be Used For Security At Maha Kumbh 2025, India’s Mega Religious Festival

November 29, 2022

The Maha Kumbh Mela, to be held in Prayagraj in 2025, is likely to be a massive religious congregation by any global standard with millions of devotees expected to attend the event. It is a sacred pilgrimage undertaken by devout Hindus from across the globe who will gather to take a dip in the holy Triveni Sangam (confluence) of Ganga, Yamuna and Saraswati rivers. The act is believed to wash off all their sins, and help them attain freedom from the cycle of death and rebirth.

Artificial Intelligence/VC: AI-Enabled Business Automation Company AAICO Raises $42M

November 28, 2022

London-based The Applied AI Company (AAICO), which applies its proprietary AI platform to transform legacy business models, announced its raise of US$42 million from investors including G42, A.R.M Holding, Plug and Play Investment Group as well as distinguished families in Europe and the MENA region.

Alternative Investments/AI: Global X Japan Debuts ETF For Autonomous And Electric Vehicles

November 28, 2022

Global X Japan has launched the Global X Autonomous & EV ETF on the Tokyo Stock Exchange (TYO: 2867). The thematic ETF targets opportunities in the rapidly evolving automotive industry due to the disruption of the internal combustion engine by autonomous and electric modes of transport.

Artificial Intelligence: CICERO, An AI That Plays The Diplomacy Game “At A Human Level”

November 23, 2022

Meta (formerly Facebook) (NASDAQ: META) announced on Wednesday the launch of CICERO, the first artificial intelligence (AI) agent to achieve human-level performance in the popular strategy game Diplomacy. So far, Diplomacy was a huge challenge to AI given that the game needs human like capabilities such as persuasive conversation, complex planning, strategies and their adjustment and an understanding of other players’ perspectives and motivations.

Artificial Intelligence: Thanks To AI, Insurers Now Have SuperNormal Powers, Says Sompo Chief

November 22, 2022

These prophetic forewarnings range from the weather, natural calamities, and even senile dementia, according to Mikio Okumura, chief of Japanese insurer Sompo Holdings (TYO: 8630). The forward-looking company invested $500mn investment two years ago in Palantir (NYSE: PLTR), the US specialist in big data analysis. It also has bought a stake in Abeja, a Japanese AI start-up.

Artificial Intelligence: 3M Launches AI-Powered Speech Recognition For Clinicians

November 21, 2022

3M (NYSE: MMM) unveiled the 3M M*Modal Fluency Direct, its latest speech and AI-powered technology, at the 2022 HIMSS Middle East Health Conference & Exhibition in Riyadh from November 19 to 21, 2022. The technology will enable clinicians to accurately and quickly feed the interaction with the patient into the medical records system, freeing them up for patient care.

Digital Assets: Binance Agrees To Buy (Non-US) FTX After Bankman-Fried Reveals Liquidity Crunch

November 8, 2022

Binance, the world’s largest crypto firm, has agreed to buy rival crypto exchange FTX, which is owned by billionaire Sam Bankman-Fried, for an undisclosed amount. Binance CEO Changpeng Zhao revealed in a tweet that FTX asked for Binance’s help in tackling a significant liquidity crunch, and therefore it “signed a non-binding LOI, intending to fully acquire and help cover the liquidity crunch.”

Artificial Intelligence: AI Claims Aussie Pensioner Is A British Lord Wanted For Brutal 1974 Murder

November 8, 2022

Facial recognition analysis carried out be renowned expert Professor Hassan Ugail of the University of Bradford has established that an elderly pensioner living in Australia is a definite match for runaway murderer Lord Lucan. The researcher ran his AI algorithm, perfected over two decades, over 4,000 cross-checks of seven photos comprising four of Lucan and three of the unnamed Australian pensioner.

Artificial Intelligence: AI Powers Mylo, A Virtual Lifeguard That Watches For Pool Drownings

November 8, 2022

Coral Smart Pool, an Israeli startup, has developed Mylo, a virtual lifeguard that uses computer vision and AI to detect potential drowning accidents in the swimming pool. It also sounds an alarm in case it detects a pool entry.

Artificial Intelligence: UK Startup Carbon Re Uses AI To Decarbonize The Biggest GHG Emitters

November 7, 2022

London-based Carbon Re uses AI to cut emissions at the most energy-intensive industries, for example, glass, cement, and steel. Its technology can develop a ‘digital twin’ of an individual plant by analysing the sensor data gathered on a minute-by-minute basis by Distributed Control Systems. In a cement plant, this creates a high-resolution digital model that captures the properties of a given kiln (the thermodynamics, and the physical processes of clinker production). AI agents can therefore learn these processes in a simulation, so to speak, and then act in real time to maximize the plant efficiency.

Artificial Intelligence: Mass Firings At Twitter Include Its Ethical AI Team

November 4, 2022

Elon Musk-owned Twitter (NYSE: TWTR) is executing a massive firing plan globally. Twitter has closed its offices and suspended the badges of all employees until a decision is made as to whether an employee is fired or retained.

Alternative Investments/AI: Arta Finance Nabs $90M For Opening Up An AI-Powered Family Office To All Comers

November 4, 2022

Arta, a Mountain View, Calif., based startup that calls itself a Digital Family Office, has come out of stealth and announced a raise of over $90 million from Sequoia Capital India, Ribbit Capital, Coatue Management and more than 140 angel investors.

Artificial Intelligence: AI-Based Robotic Waste Recycler AMP Raises $91M

November 4, 2022

AMP Robotics Corp has announced a $91 million Series C round led by Congruent Ventures and Wellington Management as well as new and existing investors including Blue Earth Capital, Sidewalk Infrastructure Partners (SIP), Tao Capital Partners, XN, Sequoia Capital, GV, Range Ventures, and Valor Equity Partners. The funds will be used for AMP’s international expansion as well as to scale up its operations. The company intends to enhance manufacturing capacity to support a fleet of approximately 275 robots around the world and advance its ongoing development of AI-enabled automation applications for recycling.

Venture Capital/AI: OpenAI Launches Converge, An Accelerator For AI Startups

November 3, 2022

In May last year OpenAI launched its $100 million Open AI Startup Fund to provide support to early-stage startups in fields where artificial intelligence (AI) can have a transformative effect—like health care, climate change, and education. On Wednesday, the Fund launched Converge, an accelerator program for founders building transformative companies powered by AI.

Artificial Intelligence: Google Event Showcases AI Advances In Robotics, Video Generation, And Disaster Management

November 3, 2022

Google Research showed off some of its AI projects at an event in Manhattan on Wednesday. Though the AI projects are still under development, their scope was impressive, ranging from health diagnostics and test-to-image generation to disaster management.