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.
In an eerily similar replay of a 2019 incident in which the CEO of a UK-based energy company transferred €220,000 (then about US$243,000) based on a telephonic instruction from a person that sounded like his boss, a UAE bank manager in 2020 paid out $35 million based on deep-faked, AI-cloned calls that he believed were from a client’s CEO.
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Pet-owners who also own iRobot’s (NASDAQ: IRBT) robot vacuum cleaners have often faced a nightmarish scenario: the robot smeared the house after failing to recognize and circumvent the pet’s poop. Well, the company has now addressed the problem by equipping the gadget with AI.
KoBold Metals, a startup specializing in exploration for the minerals essential for EVs and green energy transition, has inked an agreement with BHP (ASX: BHP), the world’s largest mining company, to explore for metals such as cobalt, nickel and copper, starting in Western Australia.
Israeli defense company Elbit Systems has developed ARCAS, an AI system that displays layers of data inside the sight of an assault rifle such as the M4 (pictured above). ARCAS is an acronym for Assault Rifle Combat Application, which runs on a computer residing on the weapon and presents the information in the rifle’s electro-optical (EO) sight and through an optional helmet-mounted eyepiece.
U.S. District Judge Leonie Brinkema ruled last week that an AI machine cannot be listed as an inventor on a patent. The landmark decision, the first in the US, was issued in a suit filed by Stephen Thaler against the United States Patent and Trademark Office for failing to recognize DABUS, an AI machine as the inventor of two devices in their patents.
Volvo Group Venture Capital AB has announced its investment in Foretellix Ltd, a platform provider automating the testing, verification and validation for automated driving systems. Israel-based Foretellix simultaneously announced the close of its $32 million Series B funding round led by MoreTech Ventures, with participation from several strategic investors, including Volvo Group Venture Capital, Nationwide, NI and Japan-Israel High Tech Ventures.
Ranchers have long struggled with the problem of monitoring their herds of livestock across vast expanses of the ranch. Problems such as ill-health, calving, injuries and more could happen anytime and anywhere. Without lots of manpower, avoidable losses of precious bovines are inevitable. An AI platform dubbed BETSY, created by OneCup AI, is an effective solution.
Traditional Chinese medicine (TCM) has been used for thousands of years for various afflictions, including the treatment of body pain and acupuncture. Singaporean start-up AITreat has brought robotics to the field of TCM. EMMA is able to perform the Tui Na, a kind of TCM deep tissue massage.
Scientists have long tussled with the problem of unlocking information from ocean eddies, small ocean currents that have an immense influence on the Earth’s climate and on animals and plants in the seas. They are also responsible for approximately half of all phytoplankton production. But its extremely difficult to study or measure them due to their short life and small, erratic sizes. Until now.
Chinese AI company SenseTime on Friday submitted an application to the Hong Kong Exchange for an IPO that could value it at a massive $12 billion. The company, whose product lineup includes facial recognition and autonomous driving, clocked revenue of 1.6 billion yuan ($247.2 million) in the first half of 2021 but incurred a net loss of 3.7 billion yuan. However, it did not disappoint on growth because turnover surged 91.8% year on year.
Scientists can estimate the age of old craters on the surface of Mars by looking at the characteristics of new ones that have been captured as images by the Context Camera on NASA’s Mars Reconnaissance Orbiter (MRO). But its tricky to pinpoint which image(s) depict new craters – especially if you have to manually scan the 112K lower-resolution images taken by the MRO over the past 15 years. But an AI algorithm can do the job incredibly faster.
SEC-registered investment advisor, The Future Fund LLC, launched this week The Future Fund Active ETF (FFND) under the stewardship of Gary Black, managing partner, and David Kalis, CFA, partner.
Three college students launched sweetgreen to offer a solution to a very unpalatable dilemma – eat food that was slow, expensive, and fresh—or fast, cheap, and unhealthy. The result was a fast casual salad chain that used fresh, organic produce and has grown to over 130 restaurants. Sweetgreen announced Tuesday its acquisition of Spyce, a startup with a similar vision for serving healthy and fresh food – only more automated.
Artificial Intelligence: Margaret Mitchell, Former Head Of Google’s Ethical AI, To Join Hugging Face
Margaret Mitchell, the former head of Google’s (NASDAQ: GOOGL) Ethical AI research group, will join AI startup Hugging Face where she will develop tools to help companies eliminate bias from their AI algorithms. Initially suspended in January, Mitchell was fired by Google February ostensibly because of a paper she co-wrote that was critical of the company.
For all its benefits, solar energy has the major drawback of intermittency, or the sudden suspension of energy generation due to reasons such as clouds blocking out the sun, or when it is night. The UK’s National Grid ESO and non-profit Open Climate Fix have joined hands to develop an AI-powered tracking system that will track clouds and match them with solar installations in their path.
At Tesla’s (NASDAQ: TSLA) first AI Day held on Thursday, showman Elon Musk gave the world a glimpse of the Tesla Bot, a humanoid bot that could ultimately perform those tasks that human least like to do. You’re forgiven to imagine that an actual humanoid came on stage – no, it was just an actor in a body suit resembling the robot.
Baidu Inc (NASDAQ: BIDU), the Chinese tech company known for its internet search service and AI focus, presented a concept two-seater “Robocar” at its annual Baidu World 2021 conference on Wednesday. The futuristic, AI-packed car does not have a steering wheel, nor gas or brake pedals, but is big enough for a passenger to stretch out for a nap.
Engineering firm Norda Stelo and clean energy startup BEAP are collaborating on a $1.2 million project to improve the life and dependability of static mining assets using artificial intelligence (AI). The project is being supported by Investissement Québec as mandatary of the Government of Québec.
SwoopTalent, an AI-powered platform that combines, analyzes and trains data from disparate human resource (HR) systems and workflows, has been acquired by SAP (NYSE: SAP), the German multinational software maker known for its ERP system. The terms of the transaction were not disclosed.
By early 2024, Japan will have in place a monitoring system that will detect and suspicious or hostile ships using artificial intelligence (AI) and satellite data on maritime activity in and around Japanese waters.
Invasive plant species such as the Salt Cedar Tree are spreading around the Salt River, Arizona, with the seeming objective to take over the area. This could prove damaging to Salt River’s native flora and fauna, and scientists have therefore deployed drones and AI to pinpoint invasive species for removal.
Abu Dhabi Islamic Bank has become the first bank in the UAE to verify a prospective customer’s identity at the time of account opening using the facial recognition verification system from the government’s Ministry of Interior.
UAE citizens and residents can now open a new account remotely and without having to make a physical visit to an ADIB branch. The “instant and highly secure verification” gives them instant access to banking services.
Artificial Intelligence: AI-Powered Home Surveillance Imposed On Call Center Employees Working For US Corporations
An NBC News investigation has revealed that Colombia-based call center employees of Teleperformance (EPA: TEP), which has companies such as Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN), and Uber (NYSE: UBER) on its client roster, are being asked to sign contracts allowing for the installation of AI-powered cameras at home. NBC News reviewed such a contract, first issued by Teleperformance in March.
Extreme precipitation days in the Midwest account for over half of all major US flood disasters. Researchers at Stanford University have developed a machine learning tool that helps them analyze the causes of long-term changes in weather and the mystery of why extreme precipitation days in the Midwest are becoming more frequent.
GE Healthcare has launched Edison True PACS, a diagnostic imaging and workflow solution designed to make life easier for radiologists. A rising demand for imaging scans, an acute shortage of radiologists amid burnouts and retirements, and the high capital and IT costs of equipment have put healthcare enterprises under enormous pressure. Edison True PACS (Picture Archive and Communication System) is offered to address these problems.