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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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Venture Capital: Chinese AI Startup Parametrix Raises $100M, Turns Unicorn

January 4, 2022

Chinese AI company has raised $100 million in a Series B round led by Sequoia China and joined by existing investors 5Y Capital and Gaorong Capital. Though the valuation was not disclosed, Parametrix has joined the hallowed unicorn club (>$1 billion) after the funding.


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More Stories on Artificial Intelligence

Artificial Intelligence: Daphne Koller Raises $143M For Insitro, Her AI-Bio Startup

May 27, 2020

Daphne Koller raises $143M for Insitro, her AI-Bio startup. Insitro combines cutting-edge biopharma with machine learning.

Artificial Intelligence: Marty the Robot Hunts for Spills in Supermarket Aisles

May 26, 2020

Marty the supermarket robot is rather smart. Armed with three high-resolution cameras, computer vision, navigation systems, numerous sensors, and smart AI software, Marty is able to sidestep shoppers and pinpoint spills. Marty is a social robot and the first of its kind to be deployed in a live customer environment in supermarkets.

Artificial Intelligence: AI-Simulated, 3D TV News Anchor, Now Live

May 26, 2020

Here’s the world’s first 3D news anchor powered by AI. Xinhua, the Chinese state news agency, has launched a 3D AI news anchor named Xin Xiaowei, a lookalike of Zhao Wanwei, a real-life, human news presenter at the agency.

Artificial Intelligence: Microsoft’s Massive New Supercomputer for AI

May 21, 2020

In 2019, Microsoft (NASDAQ: MSFT) entered a multi-year partnership with OpenAI to build a platform that OpenAI will use to create new AI technologies and deliver on the promise of artificial general intelligence. As part of the agreement, Microsoft agreed to invest $1 billion in the project. At its ‘Build 2020’ developers’ conference, the tech giant unveiled “one of the top five publicly disclosed supercomputers in the world, making new infrastructure available in Azure to train extremely large artificial intelligence models.”

Artificial Intelligence: AI May Provide Early Warning of Heart Damage Due to COVID

May 20, 2020

The National Science Foundation has issued a grant of $195,000 to researchers at John Hopkins University to study the use of AI algorithms for detecting heart disease amongst COVID-19 patients. There is increasing evidence that COVID-19 damages a patient’s cardiovascular system, causing “cardiac events” such as heart attacks, abnormal heartbeats, and death

Artificial Intelligence: AI is Making Oil Rigs Safer

May 19, 2020

Oil rigs are one of the most dangerous places to work for human beings with a constant risk of injury or harm. Huge mechanical systems mesh together to keep these huge rigs afloat above the ocean surface and continue drilling deep beneath the ocean floor. The risks of fire, explosion, accidents from hazardous machinery, and falls are always round the corner on oil rigs. Artificial intelligence (AI) can make these danger-prone work areas much safer.

Artificial Intelligence: Goldspot’s AI Boost’s Success in Mineral Exploration

May 18, 2020

Goldspot Discoveries Corp (CVE: SPOT) uses artificial intelligence and big data to extract more information from historical mining data. It hopes to increase the success rates in resource exploration and optimize resource property potential. In the Quebec Abitibi, Goldspot found 86% of existing gold deposits but only needed 4% of the total surface area to do so (and found additional targets as well).

Artificial Intelligence: Intel’s Venture Capital Arm invests $132 million in AI Start-ups

May 15, 2020

Intel Capital is the venture capital arm of Intel Corporation (NASDAQ: INTC). It frequently invests in start-ups to grow technology that it can use while competing with other companies in the fields of chip manufacturing, AI hardware and software. Intel Capital revealed new investments in 11 AI start-ups aggregating $132 million.

Artificial Intelligence: AI Cannot Be an Inventor, Says USPTO

May 14, 2020

The USPTO has unequivocally confirmed that Artificial Intelligence (AI) cannot be deemed to be an inventor. The USPTO’s decision, published on April 27, is in line with similar decisions from the European Patent Office (EPO) and the UK Intellectual Property Office (UKIPO). Only natural persons can be inventors.

Artificial Intelligence: AI Algorithm Diagnoses Alzheimer’s Disease Better Than Experts

May 13, 2020

Alzheimer’s Disease is extremely difficult to diagnose with symptoms varying from patient to patient and opinions differing from doctor to doctor. Diagnosis typically involves the analysis of data such as the patient’s medical and family history, MRI images of the brain, and cognitive abilities. The inherent subjectivity in the diagnosis of Alzheimer’s Disease leads to errors and resulting fatalities in the range of an estimated 40,000 to 50,000 annually. However, an AI algorithm can now diagnosis Alzheimer’s Disease much more efficiently.

Venture Capital: Sequoia Leads $14.5M Round in Wealth Advisory Tool Provider Vise

May 13, 2020

Samir Vasavada and Runik Mehrotra founded Vise in 2016 intending to empower financial advisors with an AI-powered platform. The Vise platform now serves financial advisors by helping design personalized portfolios for clients, managing portfolios, and providing up to date status information. Vise raised $14.5 million in a Sequoia-led Series A funding. Reportedly, clients onboard the platform account for nearly $800 million in assets under management.

Artificial Intelligence: The AI That Powers Walmart’s Express Delivery

May 12, 2020

Walmart (NYSE: WMT) has an inventory of 160,000 items offered through its Express Delivery service that launched last month. The service is already on offer at 100 stores in the U.S. as a pilot test and will be extended to 2,000 stores this month. The system relies heavily on AI.

Artificial Intelligence: Call Centre Agents Now Get Speakeasy’s Live AI Assist

May 11, 2020

The Speakeasy AI solution prompts the call center agent with suggestions and answers. Speakeasy AI can now listen in real-time to customer and live agent conversations and provide the agent with in-call suggestions, answers, and the next best actions.

Artificial Intelligence: Mining Consumer Insights with AI-Powered Social Listening Tools

May 8, 2020

Social media listening tools, now powered by artificial intelligence (AI), are being used to discover consumer insights, measure their sentiments, and conduct marketing research. People don’t know what they want until you show it to them, said Steve Jobs. But ever so often, businesses can get a glimmer of what their consumers really want by listening to their social interactions.

Artificial Intelligence: Designing A Fair Taxation System – AI Rises to the Challenge

May 7, 2020

The AI Economist is an artificial intelligence system designed by American technology company Salesforce (NYSE: CRM). The program develops and tests the ideal tax system for a country inside a simulated environment.

Artificial Intelligence: Boeing Delivers AI-Enabled, Jet-Powered Drone to Australian Air Force

May 6, 2020

The Loyal Wingman, an unmanned jet-powered drone, could soon be flying alongside existing manned Australian military aircraft in teaming missions controlled by its artificial intelligence capabilities. Developed by Boeing Australia for the Royal Australian Air Force, it is the first to be designed, engineered, and manufactured in Australia in more than 50 years.

Artificial Intelligence: Avoid Migraine Medications with This AI-Powered App

May 5, 2020

People suffering from chronic headaches and migraines face a painful dilemma: choose between the pain or the side effects of the medications to treat the pain. Statistically, about one in seven people are prone to migraine and one in 100 suffer from chronic headaches. However, a daily training session of just 10 minutes with an AI-powered app developed by Norwegian scientists can dramatically reduce headaches.

Artificial Intelligence: Canada’s Scale AI Invests $3.4M in Eight Projects to Fight COVID-19

May 4, 2020

Scale AI invited projects that can utilize technology and AI to combat COVID-19 in Canada. There was a bumper response, and Scale received as many as 120 applications within three weeks.
Scale AI is a startup accelerator with a mission to develop a world-class Canadian AI ecosystem. It has received $230 million from the Government of Canada and $53.4 million from the Government of Quebec.

Artificial Intelligence: Barclays Bank Deploys AI With Tech Partners

May 1, 2020

Barclays Bank, UK, (LON: BARC) which is ranked 20th on the S&P Global’s list of the top 100 banks, has taken many initiatives for the use of Artificial Intelligence (AI) in its operations. Its model is to outsource the deployment to technological partners, rather than develop the software in-house.

Artificial Intelligence: The Compelling Case for an AI Stimulus Package – Tony Samp

April 30, 2020

An opinion piece in the Business Insider by Tony Samp argues in favor of a significant stimulus injection into the American AI sector. The stimulus would help in the post-COVID recovery and also deliver strategic advantages in the future.

Artificial Intelligence: AI Could Help Realize the Holy Grail of Nuclear Fusion

April 29, 2020

Scientists have been grappling with the complexities surrounding the development of a thermonuclear fusion reactor for decades. A successfully working fusion reactor could provide nearly unlimited energy. Nuclear fusion occurs naturally in the sun, but the problem is reproducing the process in the dramatically different conditions of temperature and gravity here on earth. But machine learning may change all that.

Artificial Intelligence: Medical AI in A Real-World Setting is Very Different from a Lab – Google

April 28, 2020

When Google conducted field trials of its AI system for diabetic retinopathy in Thailand, the results were an eye-opener. The first study of its kind, it evaluated how nurses use an AI system to screen patients for the disease. While lab results were highly accurate, the system encountered a lot of difficulties in real-life testing.

Artificial Intelligence: China’s 6G Plans Could Power an AI-Enabled Military

April 27, 2020

China’s military is developing 6G internet to power an AI army of the future. Mobile 6G (sixth generation) technology is 10X faster than 5G, which in turn has 10 times the transmission speeds from the widely used 4G. The 6G technology is far superior to 5G and is said to have immense potential for military applications, especially AI-related. Since November, China has two teams working on 6G and is spending billions to make its military a cyber-force.

Artificial Intelligence: MIT CSAIL Researchers Find a Way to Reduce Emissions From AI

April 24, 2020

Researchers at MIT Computer Science and Artificial Intelligence Laboratory (CSAIL) have found a more environmentally friendly way to train and operate AI models. By improving computational efficiency, they claim they can significantly reduce the amount of carbon emissions from that AI.