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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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Alternative Investments/AI: Direxion Launches A Leveraged Electric And Autonomous Vehicle ETF

August 12, 2022

The Direxion ETF provides 200% exposure to the electric and autonomous vehicles industry. ETF issuer Direxion announced the launch of the Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares ETF (EVAV) that benchmarks 200% of the daily performance of the Indxx US Electric and Autonomous Vehicles Index. Accordingly, it invests in 25 U.S.-listed companies…

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Artificial Intelligence: Xiaomi Unveils A 177 Cm Tall Humanoid Robot That Can Walk Holding 1.5 Kg In One Hand

August 12, 2022

Xiaomi’s (HKG: 1810) choice of launch date of CyberOne was strategically a day ahead of Tesla’s (NASDAQ: TSLA) AI Day. Xiaomi Group Founder, Chairman, and CEO Lei Jun shared details of the robot in a blog on Thursday.

Artificial Intelligence: Visionary.ai’s AI Software Enhances Image Quality In Real Time

August 11, 2022

Visionary.ai, an Israeli startup has made it its mission to overcome the limitations posed on image quality due to poor lighting conditions, such as low light, high dynamic range (such as when a person is silhouetted against a bright background), heavy rain, fog, increased motion, and sudden changes in intensity, like flashing headlights. Traditional, hardware-based image signal processors are unable to produce the desired image quality in these circumstances.

Artificial Intelligence: AI Robot TX SCARA To Debut In 300 FamilyMart Stores In Japan

August 10, 2022

Telexistence Inc., the Japanese robotics company, announced the launch of its TX SCARA restocking robots in 300 FamilyMart convenience stores in Japan later this month as part of its AI-based “robot-as-a-service” for grocery retailers.

Venture Capital: Warehouse Robots Maker Geek+Raises $100M Series E1

August 9, 2022

Geek+, a Beijing-based maker of robotics for storage, picking, and sorting in warehouses, as well as material handling robots and unmanned forklifts for manufacturing, announced a new, $100 million series E1 funding series which included investment by Intel Capital, Vertex Growth, and Qingyue Capital Investment. (CISION PR Newswire)

Artificial Intelligence: The FDA Clears ProstatID, An AI That Helps Detect Prostate Cancer From MRIs

August 9, 2022

Bot Image has developed an AI tool called ProstatID that combines AI with MRI scans to improve the detection and diagnosis of prostate cancer. According to Cancer.Net, prostate cancer is the most common cancer among men, except for skin cancer. This year, an estimated 268,490 men in the United States will be diagnosed with prostate cancer.

Artificial Intelligence: Baidu Gets Green Signal To Operate Robotaxis Without A Human Driver

August 8, 2022

Baidu Inc (NASDAQ: BIDU) announced today it had become the first and only company to offer fully driverless robotaxi services to the public in China, without human drivers in the car. Apollo Go, Baidu’s autonomous ride-hailing service, has been authorized to sell commercial fully driverless robotaxi services to the public on open roads during the daytime in Chongqing and Wuhan, two of China’s largest megacities.

Artificial Intelligence: Argo AI Appoints A Safety Advisory Council For Its Autonomous Vehicle Technology

August 5, 2022

Self-driving auto maker Argo AI has set up a panel of outside experts to oversee its efforts to improve the safety image of autonomous vehicles and the deployment of the associated technology. The announcement comes amidst a deteriorating public perception of these vehicles, as well as accidents that call for regulatory guidelines.

Artificial Intelligence: FedEx To Buy 10% Of Robotic Solutions Provider Berkshire Grey

August 4, 2022

Fedex (NYSE: FDX) and Berkshire Grey (NASDAQ: BGRY) have enhanced their strategic relationship to include the purchase by FedEx of a stake in Berkshire tied to a multi-year commitment to purchase its robotic order fulfilment systems.

Artificial Intelligence: Arcelor Mittal Will Use The Iris.ai Platform To Keep On Top Of Patent Research

August 3, 2022

Arcelor Mittal (AMS: MT) has a patents team housed inside its R&D Department, that carries out ongoing competitive analysis to identify market gaps and patentable solutions as well as monitoring for potential patent infringements. Manually searching and extracting experiment data from documents is a time-consuming and laborious task that can consume around two and a half hours per patent. The steel-maker can slash this to a few minutes using Iris.ai’s Extract tool which has 94% precision, and compares favourably with human extraction precision.

Artificial Intelligence: Protecting Tigers In India

August 2, 2022

India’s majestic tigers are vulnerable to poachers, injury, accidents and illness, and faced with the threat of a shrinking habitat as humans muscle into their territories. India’s National Tiger Conservation Authority (NTCA) has been using AI for helping in the mammoth task of protecting these magnificent animals, but is now looking to take the role of the technology to a new level.

Artificial Intelligence: Tampa General Hospital Uses An AI Platform For Patient Transport

August 1, 2022

At the 1,041-bed Tampa General Hospital the complex task of managing its operational flow, including the processes of admitting, moving and discharging patients, has been made more efficient through the use of Enroute, an AI platform. The new system is a marked improvement over the earlier, manual process where a dispatcher scheduled all of the runs throughout the hospital.

Artificial Intelligence: DeepMind’s AlphaFold AI Software Releases Database Of 200M Protein Structures

July 29, 2022

In a defining moment for AI computing, a 200x expansion in the number of proteins included in Alphabet’s Deepmind’s database was announced Thursday, which the company says will significantly speed up drug development and other innovation. This week, Deepmind added over 200 million protein structures to its database, up from 1 million, and including predicted structures for plants, bacteria, animals, and other organisms.

Artificial Intelligence: Supercar Looks For Its Self-Driving EV? Apple Hires Lamborghini Top Executive

July 28, 2022

Apple is making strides toward the development of its self-driving vehicles, as it has reportedly hired Lamborghini veteran Luigi Taraborrelli as a senior manager on its electric vehicle team. At Lamborghini, Taraborrelli has worked on the Urus, Huracan, and Aventador in addition to limited-edition Huracan Sterrato off-road vehicle and Asterion concept cars.

Artificial Intelligence: Suit Claims A Chicago Man Was Wrongfully Imprisoned Based On ShotSpotter AI

July 27, 2022

After spending nearly a year behind bars, Michael Williams filed a lawsuit against the city of Chicago over the shooting of a man in his car in 2017. Prosecutors withdrew the charges against the 65-year-old after they discovered insufficient evidence. The human rights advocacy group at Northwestern University said the city’s law enforcement relied solely on ShotSpotter technology and ignored other leads in the investigation.

Artificial Intelligence: AI-Enabled Bionic Leg Sleeve Assists Differently-Abled People With Their Walking

July 27, 2022

CIONIC and Yves Behar’s fuseproject design firm have joined forces to create the Cionic Neural Sleeve, a FDA-cleared bionic leg wearable that uses artificial intelligence to improve human mobility in real time, powered by CIONIC’s AI algorithms.

Artificial Intelligence: Suspended Engineer, Of “Sentient AI” Fame, Is Fired By Google

July 26, 2022

A Google engineer put on paid leave last month after claiming that a company AI chatbot had developed consciousness and human reasoning, was finally fired on Friday. Blake Lemoine, the engineer, said he was dismissed in an interview on the Big Technology Podcast. He had been suspended on June 6 for talking to the media about Google’s (NAASDAQ: GOOGL) LaMDA, or Language Model for Dialog Applications, an AI chatbot that can simulate human speech.

Artificial Intelligence: Robot Playing Chess In A Russian Tournament Fractures Child’s Finger

July 25, 2022

A chess-playing robot fractured a 9-year-old boy’s finger during a tournament in Moscow last week, when the kid attempted a quick move without giving the machine enough time to finish its work during the tournament. The incident occurred on July 19th.

Artificial Intelligence: Startups Join Forces To Boost Citrus Production In Florida

July 22, 2022

Agriculture Intelligence and Satlantis, two University of Florida (UF) startups, have combined their core competencies of precision agriculture and aerospace technology respectively to boost citrus production in Florida. The state’s citrus industry just reported its lowest production in eight decades due to factors such as citrus greening disease, citrus canker and black spot disease.

Artificial Intelligence: OpenAI Opens Up Beta Version Of DALL-E 2 To Millions On Waitlist

July 21, 2022

DALL-E 2 is a new AI system that can create realistic images and art from a description in natural language. In the coming weeks OpenAI will invite a million people from its waitlist to create images from text using the DALL-E 2 AI system. Users can create with DALL·E using free credits that refill every…

Artificial Intelligence: Olive AI Lays Off 450 Employees Citing Unfocused Growth

July 20, 2022

Healthcare-focused AI startup Olive AI has let go of 450 employees in an organizational and strategic rejig which it attributed to strategic missteps in pursuing a high-growth path.

Artificial Intelligence: AI-Powered Prosthesis, The “Esper Hand” Nabs Design Award

July 19, 2022

The Esper Hand has transformed the dreary and medical-gadget appearance of a current day prosthesis into a well-designed, lifestyle and appearance-enhancing device. The AI-powered Hand is three times faster because it picks up signals from individual muscles. The hand is controlled via a non-invasive wearable brain-computer interface together with a cloud-based software solution. At 380g, it is also much lighter than other prosthetic hands.

Artificial Intelligence: The Nari Nari Tribals Are Using AI And Aerial Mapping To Restore Wetlands

July 18, 2022

At the Gayini Nimmie Caira property, indigenous traditional owners, the Nari Nari Tribal Council and their partners have started using artificial intelligence and aerial imaging to make better informed decisions regarding land and water management for restoring valuable wetlands.

Artificial Intelligence: Setback For Tesla’s Autopilot Team As AI Head Andrej Karpathy Quits

July 15, 2022

A key piece in Tesla’s (NASDAQ: TSLA) Autopilot and Full Self Driving development, Andrej Karpathy, who was senior director in charge of AI and computer vision at the company, has resigned after a four-month sabbatical. The ostensible reason for the move: to pursue “long-term passions around technical work in AI, open source and education.” However, Karpathy said he still had no concrete plans for what’s next.

Artificial Intelligence: AI Model Detects Alzheimer’s Disease From Audio Recordings

July 12, 2022

Researchers at Boston University have developed a new machine-learning based tool that detects Alzheimer’s Disease from voice recordings of neuropsychological exams. This could help automate the time-consuming and cumbersome process of a manual evaluation of the person’s responses, as well as make it possible for the diagnosis to be made online because an in-person appointment is not required.