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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Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while the ROCm 6 open software stack introduces new features supporting Large Language Models (LLMs). Additionally, the Ryzen 8040 Series processors come equipped with Ryzen AI capabilities.
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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.
Artificial Intelligence: Consulting Firm Bain Announces Global Services Alliance With OpenAI
Bain & Company, a top-level management consulting firm, has announced a global services alliance with OpenAI, the parent company of ChatGPT. Bain will be integrating AI into its client operations and various other tasks. The company aims to use AI to support the necessary changes to improve technology, processes, operating models, and data assets.
Artificial Intelligence: AI To Transcribe, Live, Hearings At The Supreme Court Of India
Using AI tools and Natural Language Processing (NLP) technology, the Supreme Court of India implemented a live transcription system for oral arguments for the first time in its history on Tuesday.
Artificial Intelligence: FRIDA, An AI-Powered Robotic Painter, Creates Art On Demand!
Carnegie Mellon University’s Robotics Institute has developed a new project called FRIDA, which stands for Framework and Robotics Initiative for Developing Arts. FRIDA is an AI-powered robotic painting system that collaborates with humans to create works of art.
Artificial Intelligence: Woolworths Australia Expands AI-Powered Self-Checkouts
Woolworths (ASX: WOW) is expanding the use of its self-checkouts with cameras and artificial intelligence in over 250 stores in New South Wales, Queensland, and Victoria, Australia. The system uses camera vision and AI to detect when items are not scanned correctly, and if an item is missed, a short video is replayed for the customer to rescan it.
Artificial Intelligence: After Users Flag Creepy Interactions With The New Bing, Microsoft Mulling Tweaks
Microsoft’s (NASDAQ: MSFT) release of a new version of Bing search engine that includes the artificial intelligence (AI) of a chatbot has led to the company considering tweaks and guardrails. The tech giant is looking at adding tools for users to restart conversations and limit conversation lengths before they veer into strange territory.
Venture Capital: AI+Quantum Computing Focused Startup SandboxAQ Lands $500M
Sandbox AQ, a company that develops software for post-quantum cryptography, quantum sensing, and quantum simulations, raised $500 million in a funding round. Breyer Capital, T. Rowe Price funds, and TIME Ventures, as well as former CEO of Google and current Sandbox AQ Chairman Eric Schmidt, all participated in the round.
Artificial Intelligence: The US Military Tests AI-Powered Target Acquisition And Attack On Its M1 Abrams Tank
The US military has mounted an experimental AI-driven target recognition system on an M1 Abrams tank, as part of the Advanced Targeting and Lethality Aided System (ATLAS) program. The system is designed to help detect and neutralize threats, by automating human tasks during passive target acquisition using machine learning algorithms.
Artificial Intelligence: AI Flies A Fighter Jet For Over 17 Hours
Lockheed Martin’s (NYSE: LMT) VISTA X-62A, a unique training aircraft, was flown by an AI agent for over 17 hours in December, marking the first time AI was used on a tactical aircraft.
Digital Assets: SEC Takes Aim At The BUSD Stablecoin, Sparks Redemptions
The US Securities and Exchange Commission (SEC) has issued a Wells notice to Paxos Trust Company, stating its intention to sue the firm for allegedly issuing unregistered securities in the form of the Binance USD (BUSD) stablecoin. Paxos issues several popular stablecoins and is regulated by the New York State Department of Financial Services.
Artificial Intelligence: Palantir Reports Profitable Quarter, Forecasts Its First Year In The Black
Data analytics software maker, Palantir Technologies (NYSE: PLTR), has forecast its first profitable year and announced cost-cutting measures, including slowed hiring and reduced investments in cloud computing, due to lower spending from cautious businesses.
Alternative Investments/AI: Tidal Files For ETF (CHAT) To Capture The Conversational AI Theme
A new exchange-traded fund (ETF) called the Conversational AI, AI and Innovation ETF has been filed with the Securities and Exchange Commission, seeking to invest in global stocks connected with artificial intelligence, specifically in “conversational” AI and innovation. Appropriately, the new ETF would trade under the ticker CHAT.
Artificial Intelligence: China Said To Deploy AI-Powered Spy Balloons
The use of spy balloons by China has raised alarm in the US, as they have been reportedly used for surveillance missions over US military facilities. These highly advanced balloons, powered by Artificial Intelligence (AI), are capable of conducting high-altitude reconnaissance operations.
Artificial Intelligence: MusicLM, A New Generative AI Tool From Google, Creates Music From Text
Google (NASDAQ: GOOGL) recently published a research paper on its new AI tool, MusicLM, designed to create music. The tool is based on machine learning and is trained on vast amounts of data to learn how to recreate different forms of content, including music.
Artificial Intelligence: Snap Mulling AR Glasses Powered By Generative AI
Snap (NYSE: SNAP), the parent company of Snapchat, has hinted at future AR glasses powered by generative AI technology. CEO Evan Spiegel stated that AI will be critical to the growth of AR, including AR glasses, and that the company is thinking about integrating AI into its Lens Studio technology. (daijiworld.com)
Artificial Intelligence: Instagram Co-Founders Are Back With Artifact, A Personalized Newsfeed App
Instagram co-founders, Kevin Systrom and Mike Krieger, are launching Artifact, a news reading app that uses machine learning to understand users’ interests and offers a personalized newsfeed of articles from a curated list of publishers.
Venture Capital: Generative AI Startup Anthropic May Nab $300M Funding
Anthropic, a San Francisco-based AI start-up specializing in generative AI, is close to securing $300 million in funding, according to sources. The deal could value the company at $5 billion, said the New York Times.
Artificial Intelligence: AI-Powered Study Finds Earth Will Reach 1.5C Warming In The Next Decade
A new study warns that the world is close to exceeding a critical climate threshold, signaling that time is rapidly running out to avoid the most disastrous effects of global warming.