Artificial Intelligence
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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Accenture (NYSE: ACN), a global professional services company, has announced its acquisition of Flutura, an industrial artificial intelligence (AI) company based in Bangalore, India. Flutura specializes in industrial data science services for manufacturers and other capital-intensive organizations.
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Artificial Intelligence: Nuance And Microsoft Launch Clinical Document Application Powered By GPT-4
Nuance Communications, a Microsoft (NASDAQ: MSFT) Company, has announced the launch of Dragon Ambient eXperience (DAX) Express, a clinical documentation application that is the first to combine conversational and ambient artificial intelligence (AI) with OpenAI’s newest model, GPT-4. The solution is aimed at reducing administrative burden and empowering clinicians to spend more time with patients and less time on paperwork. DAX Express can create draft clinical notes for immediate clinical review and completion after each patient visit or
Artificial Intelligence: Acer Launches ebii, An AI-Driven Smartbike For City Commutes
Acer (TPE: 2353) has recently launched a new e-bike called the ebii, which features an innovative modular design and an intelligent vehicle control box powered by AI. The control box integrates the battery pack and control box into one unit, allowing for easy maintenance and upgrades, all while being eco-friendly with a smaller carbon footprint.
Artificial Intelligence: Microsoft To Weave AI Into Its Office Software
Microsoft (NASDAQ: MSFT) is enhancing its suite of productivity tools with artificial intelligence (AI) software, demonstrating an AI “co-pilot” for its Office software. The globally popular Office suite includes Word documents, Excel spreadsheets and PowerPoint presentations.
Artificial Intelligence: Adept AI Raises $350M For AI That Does Your Bidding
Adept, a one-year-old startup founded by three AI experts, has raised $350 million as part of its Series B to develop an AI assistant that can turn text commands into sets of actions. This would hopefully enable a future where an engineer can ask an AI assistant draw up the construction plan of a house and stand by as it executes on the command.
Artificial Intelligence: OpenAI Announces GPT-4
OpenAI, backed by Microsoft (NASDAQ: MSFT), has announced the release of its latest AI model, GPT-4, which is capable of generating content in response to both text and image prompts, a capability described as “multimodal.”
Artificial Intelligence: Microsoft Reportedly Lays Off Its AI Ethics Team
Microsoft (NASDAQ: MSFT) has reportedly laid off its entire ethics and society team that was tasked for the ethical and responsible development of its artificial intelligence (AI) technology. The layoffs are part of a recent restructuring that affected almost 10,000 employees, and come as the company makes a determined effort to successfully integrate AI into its market-laggard Bing search engine, according to a report attributed to Platformer.
Artificial Intelligence: Drone-Mounted, Standard RGB Cameras And AI Enable Precision Agriculture
A recent study from the University of Illinois and Mississippi State University (MSU) suggests that artificial intelligence (AI) combined with standard red-green-blue, or RGB cameras can provide the equivalent crop prediction tools as expensive multispectral cameras. This procedure can dramatically reduce costs of crop surveillance.
Artificial Intelligence: ChatGPT, OpenAI’s World-Beating AI Chatbot, Now Available On The Apple Watch
Apple Watch users can now access ChatGPT, the AI-powered chatbot that became a runaway hit since its launch in November, through a dedicated app named watchGPT. The app is available on the App Store for $3.99.
Venture Capital: Humane, Founded by An Ex-Apple Husband-Wife Duo, Raises $100M For AI-Centric Consumer Device
Humane, a software platform and consumer device builder focused on artificial intelligence (AI), has raised $100m in a Series C funding round. The round was led by Kindred Ventures and featured participation from Microsoft, SK Networks, LG Technology Ventures, Volvo Cars Tech Fund, Top Tier Capital, Hudson Bay Capital, and Socium Ventures, as well as existing investors Tiger Global, Qualcomm Ventures, Valia Ventures, Forerunner Ventures, Lachy Groom, and Sam Altman, founder of OpenAI.
Artificial Intelligence: Salesforce Launches EinsteinGPT, Or CRM Powered By Generative AI
Salesforce (NYSE: CRM) has launched Einstein GPT, the first generative artificial intelligence (AI) technology for customer relationship management (CRM). The technology will produce AI-created content across all sales, marketing, IT and service interactions, creating personalized emails and responses and generating targeted content for marketers.
Venture Capital: Salesforce Ventures’ Launches $250M Generative AI Fund, Invests In Cohere AI
Salesforce Ventures has announced a $250 million generative AI fund, with Toronto-based start-up Cohere among the first four companies to receive investment. Cohere, which provides access to large language models and natural language processing tools through one API, has previously raised $170m, including a $125m Series B round in 2021. It is understood to be seeking further investment in a current funding round. Cohere will partner with Salesforce to bring its technology to Salesforce’s enterprise customers.
Venture Capital: UK Fintech Abound Lands $601M
Abound, a UK-based consumer lending service, has raised £500m ($601m) in equity and debt funding to expand its open banking business. The start-up, which uses open banking data and machine learning algorithms to offer lower interest loans and develop “better credit scores”, will use the funds to finance loans, bring in more customers and invest in its technology.
Artificial Intelligence: A New AI Tool Could Speed Up The Hunt For Life On Mars
Scientists have developed a new method for optimizing the search for alien life on Mars by training artificial intelligence (AI) to identify sites that are most likely to contain “biosignatures,” or signs of life. The AI framework was trained to find biosignatures in an extreme Chilean environment that is exposed to high levels of radiation and extremely cold temperatures, conditions that are similar to those on Mars.
Venture Capital: Australian Agtech SwarmFarm Robotics Raises A$12M
Australian company SwarmFarm Robotics has secured $12m AUD ($8.3m USD) in a series A funding round, which it will use to launch its technology in North America and expand its SwarmBot platform with new applications. The investment was led by Conexus Venture Capital’s agtech fund Emmertech, based in Canada, with participation from Tribe Global Ventures and Access Capital. Existing investors including Tenacious Ventures, GrainInnovate, and the Grains Research and Development Corporation also joined the round.
Artificial Intelligence: Bad Actors Are Using Voice Impersonation To Dupe Victims
Increasingly sophisticated AI allows scammers to replicate someone’s voice with an audio sample that could be as short as just a few sentences. Voice impersonation scams are on the rise in the US. The advancement of artificial intelligence (AI) has made it easier for bad actors to mimic voices, tricking people into believing that their loved ones are in distress.
Artificial Intelligence: AI Can Be Useful For Reinventing Business Processes
In the 1990s, companies used enterprise resource planning systems and the internet to carry out business process reengineering (BPR) in order to bring about radical changes to broad end-to-end business processes. However, the implementation of such systems often failed to meet expectations.
Digital Assets: Binance Creates AI-Fueled Frenzy On Bicasso, Its NFT Generator
Binance, the largest cryptocurrency exchange by trade volume, has announced the launch of Bicasso, an AI-based art generation platform that allows users to create and mint NFTs on demand. The beta version of Bicasso was launched on March 1, but the overwhelming demand for the platform caused technical issues, with the hard cap of 10,000 NFT mints selling out within just 2.5 hours.
Artificial Intelligence: Bridgewater Post-Dalio – More AI And Machine Learning, Less People
CEO Nir Bar Dea is now at the helm of Bridgewater. Bridgewater Associates, the world’s largest hedge fund, is adopting a new strategy under the leadership of CEO Nir Bar Dea, following its founder Ray Dalio’s departure five months ago. Bar Dea’s strategy aims to improve returns, increase profitability, and develop new sources of revenue….
Artificial Intelligence: A New AI Tool More Accurately Assesses Organs For Transplant
A team of researchers in the UK has developed a pioneering method to score potential organs for transplant using artificial intelligence (AI). The new AI tool, known as OrQA (Organ Quality Assessment), compares images of potential donor organs with tens of thousands of other organs that have been used in transplant operations.
Artificial Intelligence: Robin AI Raises $10.5M For Legal Services Powered By Generative AI
Robin AI, a legal tech startup, has announced that it has secured $10.5 million in Series A funding led by Plural with participation by Episode 1 and a cohort of angel investors. Robin AI will use the funding to scale its mission of changing the way the legal industry operates by using AI and generative models with “lawyers-in-the-loop” to cut legal costs and make simple legal tasks even easier. The company offers access to legal services, including a first-in-class AI-driven contract editor, to individuals, startups, and beyond, to process legal contracts at little to no cost.
Artificial Intelligence: Snapchat+ Now Features An AI Chatbot
My AI, an OpenAI-powered chatbot, makes its appearance on Snap and is accessible to Snapchat+ subscribers. In a statement, Snap (NYSE: SNAP) said “My AI can recommend birthday gift ideas for your BFF, plan a hiking trip for a long weekend, suggest a recipe for dinner, or even write a haiku about cheese for your cheddar-obsessed pal.”
Venture Capital: Dutch AI Agtech Source.ag Raises $23M Series A
Dutch company Source.ag has raised $23 million in a Series A funding round led by Astanor Ventures, with further investment from Acre Ventures Partners and several of the Netherlands’ leading greenhouse operators. Source.ag develops artificial intelligence (AI) tools to provide growers with guidance on optimal crop cultivation techniques.
Artificial Intelligence: Raphael Painted A Mystery Painting, According To AI
New facial recognition technology has been used to examine a painting known as the de Brécy Tondo, leading researchers to conclude that it is highly likely to be a masterpiece by Raphael. The technology was developed by Professor Hassan Ugail, of the University of Bradford, and uses a deep neural network to identify patterns in images with greater accuracy than the human eye.
Artificial Intelligence: NVIDIA’s Blockbuster A100 Chip Is The Preferred Workhorse For AI Such As ChatGPT
Despite a 21% decline in overall sales, Nvidia’s (NASDAQ: NVDA) AI chip business, reported as data centers, rose by 11% and generated sales of over $3.6 billion in the fiscal fourth quarter. This growth in the company’s AI chip business contributed to the company’s shares rising 14% on Thursday, outperforming the S&P 500 and other semiconductor stocks with a 65% increase so far in 2023.