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.
This dispute is over ten years old. According to Reuters, Shanghai Zhizhen Intelligent Network Technology Co., Ltd., also known as Xiao-I, has slapped Apple (NASDAQ: AAPL) with a $1.43 billion lawsuit. The Chinese company alleges that Apple violated a voice recognition patent owned by it.
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A whole combination of technologies has been assembled by researchers at the Donald Danforth Plant Science Center to take human labor out of crop breeding and growing. Their FieldDock project combines remote sensors, AI and autonomous drones that run on renewable energy. Danforth Center researcher Nadia Shakoor (pictured above) is the founder of the FieldDock project.
Researchers from the University of Warwick, Imperial College London, EPFL (Lausanne) and Sciteb Ltd have devised a mathematical method to watch over AI and the possibility that it could adopt unethical strategies.
Researchers at UPMC and the University of Pittsburgh have trained an artificial intelligence (AI) algorithm to recognize and characterize prostate cancer with near-perfect accuracy.
A team of researchers at MIT CSAIL is using machine learning to predict its efficacy across populations. Their Optivax design system is a combinatorial machine learning system. It selects peptides (short strings of amino acids) that are predicted to provide high population coverage for a vaccine.
Buzz Solutions, based in Stanford, California, launched an AI solution for electricity utilities. It flags faults in the grid structure or power lines in time for repair. This avoids the risk of a wildfire that can cost human lives and millions of dollars in losses.
Necessity is the mother of invention, they say. The Hertfordshire County Council used to deploy a driver and inspection team to locate and log road faults such as potholes. The system became unworkable during COVID-19 and its social distancing norms. The County solved the problem by deploying a RoadAI system.
Gifts of $25 million from University of Florida alumnus Chris Malachowsky and $25 million in hardware, software, training, and services from NVIDIA (NASDAQ: NVDA) will underpin the University’s AI program. The University itself will contribute another $20 million.
The Australian Government has supported the development of amica, an online app that helps separated couples sort out parenting and financial issues. An initiative of National Legal Aid and the Legal Services Commission of South Australia, amica uses artificial intelligence (AI) to make recommendations to the divorcing couple.
As artificial intelligence finds its way into all kinds of businesses, it uncovers new, innovative means to cut costs, enhance controls and boost marketing. From finding new drugs, protecting crops and predicting wildfires, to warfare and emission control, AI appears to be everywhere these days. AI has even been adopted by the UK’s gambling industry to garner a host of benefits.
The Robotics & AI Bull 3X ETF (NYSEARCA: UBOT) with the rather characteristically chosen ticker symbol has outperformed the S&P 500 by 35% since the March 16 low. This leveraged ETF UBOT seeks a return that is 300% the return of its benchmark index for a single day.
The Dubai Roads and Transport Authority (RTA) has begun the use of artificial intelligence (AI) to make cabs, and the roads they operate on, safer. The Authority wants to ensure that Dubai’s taxi drivers are alert and efficient on the job. It has therefore deployed smart camera systems in the taxis for the purpose.
ModiHost is an AI-powered, cloud-based, SaaS hotel management platform that aims to boost a hotel’s upsales up to 25% by offering a unique and personalized experience to its clients. The platform uses AI to make sense of the huge amounts of typically unprocessed and wasted client data at the average hotel. Instead this data can be assimilated by the AI algorithm and used to enhance a client’s visit.
In the article “The case for a global compact on artificial intelligence,” (July 15, 2020) he writes that the healthcare, education, and manufacturing sectors can deliver enormous payoffs globally. Yet the world is divided on AI. ‘Speaking with the world’s tech experts and entrepreneurs…I’ve come to learn…hold widely divergent views on whether AI will be a force for good, or whether it will disrupt society and life as we know it,” Schwarzman observes. These ‘for’ and ‘against’ arguments are pointless, he argues. Instead, we should focus on “the steps we must take today to ensure that we responsibly harness the nearly limitless potential of AI.”
Airlines the world over are on the ropes following the collapse of the travel and aviation market due to the coronavirus outbreak. Tentative economy restarts, such as in the U.S. are under threat from a renewed rise in COVID cases. Airlines are under enormous pressure to cut costs as revenues have evaporated. Flag carriers, such as Air France (EPA: AF), have to come up with environmental quid-pro-quos to qualify for governmental bailouts. AI is a ray of hope in these circumstances.
Dr. Gera Weiss and Eliyahu Mashhadi, researchers at Ben Gurion University in Beer Sheva in southern Israel, have developed an AI-enabled system that pinpoints the location of a person operating an enemy drone using its flight path.
COVID-19 has subjected public transit systems to twin upheavals. One, the need for maintaining social distancing among commuters to reduce the spread of virus infections. Two, the change in ridership patterns due to the virus as the flow of people commuting between home and work has changed dramatically. The latter, particularly, has created logistical nightmares for public transit authorities in the way of planning, service reliability, and funding disruptions. A Vanderbilt University professor is applying AI to the solution of these problems for the public transit systems of Nashville and Chattanooga.
The theme of the conference is “Intelligent Connectivity, Indivisible Community.” Researchers, entrepreneurs, and officials from across the globe are discussing the emerging trends in artificial intelligence.
Artificial Intelligence: Payments Processor Elavon to Deploy Mastercard’s Brighterion AI To Combat Fraud
Elavon, a global payments provider and subsidiary of U.S. Bank (NYSE: USB), will work with Brighterion, Mastercard’s (NYSE: MA) AI company, to minimize fraud. Though EMV chip technology has helped to reduce frauds on cards, digital fraud is on the rise due to the massive growth in e-commerce transactions. Digital payments have surged during the COVID-19 crisis, and fraudsters are said to be eyeing a once-in-a-generation opportunity in digital fraud.
A study used the images from 30,000 patient scans (120,000 images) from the English Diabetic Eye Screening Program (DESP) to identify signs of damage using the EyeArt artificial intelligence eye screening technology (Eyenuk, Inc., Los Angeles, U.S.). The results were 100% accurate for the detection of moderate to severe retinopathy that could potentially cause the loss of vision. It was 95.7% accurate while detecting issues requiring the patient to refer to a specialist’s services. The study has profoundly positive implications for diabetic retinopathy and its screening.
CrowdSmart’s Cyrus is a software-as-a-service (SaaS) platform that uses AI and collective intelligence to better predict the likely result of an investment. Speaking to Barron’s in a panel interview, Polese provided insights on how the platform improved due diligence on a proposed investment. It more accurately predicted the investment outcome, reduced bias and democratised VC funding.
Back in February 2020, researchers at BenevolentAI, a British company that uses artificial intelligence in drug discovery, were sifting through its drugs database. The objective: to find one that could be repurposed for treating COVID 19. They found that baricitinib, a drug used for rheumatoid arthritis developed by Eli Lilly (NYSE: LLY), could be used to treat the deadly virus disease afflicting the globe.
MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL), Ava Robotics, and the Greater Boston Food Bank (GBFB) collaborated on a robotic solution to the problem of disinfecting a large area such as a food bank. They designed a robot that used UVC light to exterminate viruses and bacteria on surfaces and aerosols.
Seed germination and seedling establishment is a crucial process that influences the quality and yield of a crop. Seeds that germinate effectively and uniformly, and according to an expected germination rate, are likely to yield better crops. Therefore, tests monitor the germination progress to enable an assessment of the seed quality. Currently, crop breeders and agricultural laboratories conduct and record these tests manually – a time consuming and error-prone procedure. SeedGerm is a new, AI-enabled process that tests seed samples in a more efficient and low-cost manner.
Jacob Bergdahl, a full-stack developer and AI expert, examines how a fund that used AI to pick stocks compared with an index fund during the acid test of a pandemic.