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.
Back in February 2020, researchers at BenevolentAI, a British company that uses artificial intelligence in drug discovery, were sifting through its drugs database. The objective: to find one that could be repurposed for treating COVID 19. They found that baricitinib, a drug used for rheumatoid arthritis developed by Eli Lilly (NYSE: LLY), could be used to treat the deadly virus disease afflicting the globe.
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Daphne Koller raises $143M for Insitro, her AI-Bio startup. Insitro combines cutting-edge biopharma with machine learning.
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.
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.
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.”
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
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.
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).
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.