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.
Earlier this year, Apple (NASDAQ: AAPL) acquired Vilynx, a Barcelona-based startup that uses AI and computer vision technology to analyze a video’s visual, audio, and text elements. Reportedly, the iPhone maker clinched the acquisition for $50 million. (Bloomberg)
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The United States Patent and Trademark Office (USPTO) said in its October report, “Inventing AI – Tracing The Diffusion Of Artificial Intelligence With US Patents,” that annual AI-related applications rose from 30,000 in 2002 to more than 60,000 in 2018. That showed more than a 100% increase.
Intel (NASDAQ: INTC) has the distinction of launching the first onboard AI processing chip into space. Earlier this month, the European Space Agency and Intel announced the successful deployment in space of PhiSat-1, the first-ever satellite with onboard AI-processing capabilities. Launched from a rocket dispenser on September 2, the PhiSat-1 is positioned about 530 km above our heads, moving at a speed of 27,500 km per hour in a sun-synchronous orbit.
A maritime anti-piracy system from a Singaporean engineering company uses AI to deliver fully automated piracy alerts to ocean-going vessels, particularly in pirate-infested waters such as near Somalia and the South China Seas.
Saudi Arabia hosted a two-day Global AI Summit commencing Wednesday at Riyadh. In a speech on its opening day Saudi Arabian Crown Prince Mohammed bin Salman said that 2020 presented the “perfect opportunity” to test the potential of artificial intelligence in the face of the unprecedented challenges from the Covid 19 pandemic.
Autonomous robots will now work on construction sites to collect data and perform repetitive tasks such as site scans, surveys, and tracking progress of work. On Tuesday, Trimble Construction (NASDAQ: TRMB) and Boston Dynamics announced their partnership to integrate Trimble’s construction data collection technologies with Boston Dynamics’ Spot robotic platform.
AI specialist Terence Mauri believes that robotics and artificial intelligence (AI) will advance to a point where a robot judge could pass judgment with 99.9% accuracy using body language to detect signs of lying. 50 years from now, these robots will be fluent in every known language, show courtesy in the court, and deliver verdicts with near-total fairness and accuracy.
RBC Capital Markets has leveraged Artificial Intelligence (AI) to achieve improved trading results and insights for its clients. Aiden, RBC’s electronic trading platform uses a deep neural network, centralized learning, a robust reward system, and exploration as the four key components in its global framework. The platform can learn from its interactions with the market and adjusts itself on the fly to fast-changing trading conditions.
Buildots launched in 2018 to turn construction sites into digitized environments using computer vision and artificial intelligence (AI). Projects are ever-expanding and often are controlled by just a handful of managers. A small error or delay can jeopardize the critical path for the project to complete on time and within cost. However, Buildots’ technology can help manage all that complexity and detail.
Artificial Intelligence: Singapore Researchers Develop Robots That Feel Pain And Heal Themselves Using AI
The NTU scientists innovated memtransistors, which are “brain-like” electronic devices that can process information and are capable of memory functions. They embedded these memtransistors, which function as artificial pain receptors and synapses, into AI-enabled sensor nodes in the robot. These nodes can process and respond to “pain” caused by impact from a physical force. In case of a minor injury, the robot can also repair its damage without human assistance.
San Francisco-based Whisper, which launched in 2017, announced Thursday its Whisper Hearing System. The company simultaneously announced the successful close of its $ 35 million Series B which was led by Quiet Capital and received participation from Sequoia Capital, First Round Capital, and IVP.
FireCompass Technologies, a Bangalore headquartered technology company, launched today its new artificial intelligence-powered Continuous Automated Red Teaming (CART) platform named FireCompass.
As a company, it may be crucial to monitor and minimize food safety risks in your supply chain. Agroknow, a specialist in the analysis of food and agricultural data over the past 12 years, has created FOODAKAI, a platform that helps the food industry safe from potential hazards in raw materials, ingredients and products.
Intel India has joined hands with IIIT Hyderabad, Public Health Foundation of India, and the Telangana government for the establishment of an AI Research Centre. The establishment will leverage artificial intelligence to address challenges facing India in healthcare, smart mobility, and other sectors.
European electric vehicle (EV) battery producer, InoBat Auto announced Friday the launch of the world’s first intelligent electric vehicle battery. The company said the battery was developed through a combination of artificial intelligence (AI) and High Throughput (HTP) technologies within just a year of research and development.
Britten-Norman, the only commercial aircraft manufacturer in the U.K., manufactures the world-renowned Islander aircraft. The short take-off and landing plane is a reliable workhorse that serves multiple functions such as transportation of cargo or passengers, search and rescue, and medevac. It also specializes in short-haul flights and is in operation between the Scottish islands, with a capacity of nine passengers. By 2025, Britten-Norman plans to have just one pilot in its planes, and none at all by 2030. For this, it has partnered with Blue Bear, a pioneer and leader in unmanned flight systems.
Skoda Auto Digital Lab is testing a new smartphone app called Sound Analyser that uses artificial intelligence to identify whether the car needs servicing. The app is trained to compare the noise made from a running vehicle with a stored library of sound patterns. The artificial intelligence algorithm determines what the problem is after identifying any discrepancies between the actual noise from the car and what it should be.
BlackBerry Protect Mobile is the new AI-powered mobile threat defense solution from BlackBerry Ltd (NYSE: BB).
BlackBerry Protect Mobile is an extension of the BlackBerry Protect AI-based endpoint security solution that prevents breaches and provides additional controls to guard against sophisticated threats. BlackBerry Protect does not need human intervention, cloud connections, signatures, heuristics, or sandboxes.
NVIDIA (NASDAQ: NVDA), the US tech giant that specializes in GPUs for computer gaming and artificial intelligence and has a market capitalization of $337 billion, is building the U.K.’s most powerful supercomputer. According to a Reuters report, the machine will power AI for the solution of problems in drug discovery and other medical challenges such as COVID-19.
Plant-based meat alternative makers will welcome the new “lightly grilled beef flavor” launched by Firmenich, the world’s largest privately-owned perfume and taste company. Created using AI, the new flavor is the result of a collaboration between Firmenich and Microsoft (NASDAQ: MSFT).
Retail chain The Kroger Co. (NYSE: KR) has selected AI company Everseen to deploy artificial intelligence technology at 2,500 stores across the U.S. Kroger’s objective is to reduce the errors that occur occasionally at self-checkout. The technology will allow customers to self-correct the errors.
Spanish insurer Admiral Seguros, which is a subsidiary of global insurer Admiral, has made it very easy for its customers to report and claim for vehicle damage. Admiral Seguros has deployed technology company Tractable’s AI solution to accurately assess vehicle damage. The insured person simply has to upload photos of the car crash via the web, and the AI does the rest.
A statement last Friday from Peking University said Professor Zhu Songchun, the renowned computer vision expert at the University of California at Los Angeles, had returned to China to lead its Institute of Artificial Intelligence.
American-Chinese biotech XtalPi, an AI-based drug discovery company, is known for its Intelligent Digital Drug Discovery and Development (ID4) platform. The platform uses quantum physics, artificial intelligence, and high-performance cloud computing algorithms for predictions in drug discovery and development.
Osteoarthritis, the painful and incurable joint disease that afflicts over 3 million Americans, may soon be detected much earlier thanks to artificial intelligence (AI). Researchers at the University of Pittsburgh Medical Center (UPMC) and Carnegie Mellon University have harnessed AI to detect osteoarthritis years before symptoms even start to appear.