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.
Scale AI, a startup that labels data for customers building machine learning algorithms, tipped the scales with a $3.5 billion post-money valuation when it raised $155 million in a Series D round led by Tiger Global. Olive AI Inc, which provides an AI workforce platform to the healthcare industry, closed a $225.5 million funding round, also led by Tiger Global, bringing its valuation to $1.5 billion.
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The Mohamed bin Zayed University of Artificial Intelligence, the world’s first dedicated AI University, was launched Wednesday in Masdar City.
The Mohamed bin Zayed University of Artificial Intelligence is an all-new graduate-level AI research institution in Abu Dhabi.
The University is currently accepting applications for its first Masters and Ph.D. programs, and classes will commence on September 2020. It offers a Masters of Science degree, which takes two years to complete, and a Ph.D. program of four years duration.
Bankers can now get an Artificial Intelligence-led insight into their banking operations with the help of Auriga’s new WWS AI module. Auriga’s WWS AI module is a component of its WinWebServer omnichannel banking software suite.
Great whites are rising in number. So are their encounters with humans. It’s, therefore, a challenge to devise early warning systems for our beaches. But a solution for spotting sharks with AI (artificial intelligence) is now possible thanks to Salesforce and the University of California.
The US government punished China for its “repression” of Muslim minorities by blacklisting Chinese AI organizations and security bureaus.
In rather sensitive timing just ahead of high-level trade discussions in Washington this week, the US took a hard line on allegedly brutal suppression of ethnic minorities in China by banning certain Chinese AI startups.
Ford has developed an Artificial Intelligence-driven database that will accelerate its transition from automaker to a mobility company.
It is accordingly partnering with American cities to solve mobility challenges. City Insights is Ford Mobility’s artificial intelligence-based collection of decision-enabling tools, custom algorithms, and data services.
NatWest will collaborate with Microsoft and DreamQuark to harness the power of artificial intelligence (AI) to simulate financial markets.
NatWest, Microsoft, and DreamQuark will develop a new platform called Next Generation Complex Analytics. The platform will use AI to learn from financial markets, transport networks, and other such structures. After that, it will apply this learning to detect opportunities and risks in real markets.
Novartis announced its plan for founding the Novartis AI innovation lab in collaboration with Microsoft as the AI and data-science partner. The Novartis-Microsoft alliance will “reimagine medicine” and boost Novartis’ AI capabilities. The new lab will discover and develop transformative medicine for patients globally.
Fundbox, a small-business lending fintech company, raised another $176 million in funding. New investors Allianz SE and General Catalyst.
Artificial intelligence to detect heart attacks may soon be a reality, according to research at the University of Oxford.
A Canadian robot tax could be the first of its kind. The Green Party of Canada has pitched a robot tax to address the growing threat of technologies like artificial intelligence.
Ex-Infosys CEO Vishal Sikka believes India can become the Artificial Intelligence (AI) capital of the world. AI could be a massive disruptor in India over the next 20-25 years, says Sikka. Automation and job losses would only be the tip of this iceberg. Instead, India could seize the initiative and turn the disruption into an opportunity by putting together educational programs.
A new Preqin and Vertex VC Report indicates robust growth ahead for the venture capital markets. Preqin and Vertex launched the joint research report called the Global Venture Capital Perspectives report on Wednesday.
Yale University researchers have determined that artificial intelligence could provide patients with stomach disorders better treatment.
Shanghai in China unveils its AI-powered judicial system for handling criminal cases An AI-powered judicial system now runs in China. This is not surprising. After all, the nation timed the launch of this system with the World Artificial Intelligence Conference 2019 from August 29 to 31. The “206 System” has generated a lot of controversies….
A former Goldman Sachs analyst with a background in military intelligence programming is setting up an AI-led hedge fund for trading the major currencies
Niklas Hojman, who previously worked at Goldman, has co-founded Swedish company Century Analytics AB along with Hugo Langeen and Jimmy Carlsson. The company’s proposed CenturyOne currency hedge fund is betting that artificial intelligence will prove to be the success mantra in currency trading.
Though AI hedge funds have underperformed this year, on the longer timeframe of five years they lead by a wide margin
Hedge funds that are dependent on AI technology have returned a mere 2.77% this year up to July versus a return of 6.36% achieved by the industry.
That’s despite the hype surrounding artificial intelligence as a pathbreaking technology that would dominate investment management.
The Shanghai expo on artificial intelligence commenced Thursday with plenty on the cards: A debate between Jack Ma and Elon Musk, deal-making and networking
The highlights of the conference so far, on Day 1 of the three-day conference:
Undeterred by the political turbulence in Hong Kong, Megvii Technology is going ahead with an initial public offering on the Hong Kong Stock Exchange
The China-based artificial intelligence start-up, which was recently valued at about $ 4 billion in its latest funding round in May, appears to be confident that the supercharged political environment in Hong Kong and jittery global markets will not affect its capital float.
Innovative AI start-ups out of the CRN Emerging Vendors 2019 list
These companies were asked by CRN to describe the AI features and functions of their products.
Though the US is currently the world leader in artificial intelligence technology, China is leaving no stone unturned to narrow the gap
A study from the Center for Data Innovation showed the US was far ahead of China and the EU in at least four of six parameters considered by the analysis.
These categories were talent, research, development, adoption, data, and hardware.
AI is the fastest-growing sector in European venture capital.
Investors poured in €1.3 billion in 2017 to fund AI startups in the region. They followed that up with €1.8 billion in 2018. By August 2019, investments in AI startups have already touched €1.9 billion.
Investors are looking to secure an early-mover advantage in AI, a fascinating and disruptive technology with enormous potential.
ccording to Kai-Fu Lee, a well-known Chinese venture capitalist, and founder of Sinovation Ventures, his AI start-up AInnovation would likely be ready to list within two years
Founded in March 2018, AInnovation focuses on artificial intelligence solutions for customers in the retail, finance and manufacturing sectors. Prominent clients include Foxconn, Nestlé, Carlsberg, Mars, and the Postal Savings Bank of China Co.
Data science and enormous computing power such as artificial intelligence are now able to provide new ESG insights to investment managers
Unstructured, voluminous and incompatible data always presented a challenge to investors and asset managers looking to make environmental, social and governance (ESG)-friendly investments. Artificial intelligence (AI) could change all that with its capacity to crunch vast amounts of data and throw Up new insights not available through other, traditional methods.
Developed at Intel’s facility in Haifa, Israel, the new chip Nervana NNP-I, a.k.a. Springhill targets the future situation of “AI everywhere.”
Intel designed its latest processor for large computing centers and AI applications. Based on a 10 nm Ice Lake processor, it can take up high workloads with low consumption of energy.