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.
Nvidia (NASDAQ: NVDA) announced in a blog on Tuesday that its biggest OEMs were now offering NVIDIA-Certified Systems. These are a new class of accelerated servers designed and tested for modern workloads such as AI and data analytics, and suitable for processes running at data center locations, and on the edge of the corporate network. The systems feature NVIDIA’s latest GPUs that ride NVIDIA Mellanox networks and speed up processing for AI.
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On Tuesday, the U.S. Air Force conducted a path-breaking flight test. An AI algorithm (colorfully named ARTUµ in true Star Wars style) rode alongside U.S. Air Force Maj. “Vudu” on a U-2 Dragon Lady assigned to the 9th Reconnaissance Wing at Beale Air Force Base.
The aircraft flew on a reconnaissance mission during a simulated missile strike, with core tasks divvied up between human and algo.
Southern resident Orca whales, also known as killer whales, are an endangered species. Researchers at Simon Fraser University (SFU), Canada, propose to use AI to identify them by their sounds, and then warn approaching ships of their presence.
Created by Microsoft, Xiaoice is an AI-powered female chatbot that has nearly 500 million lonely Chinese men hooked on her charms. Available 24/7, on a wide variety of devices, and for free, she even talked one suicidal man off the parapet. Her fans know she has relationships with millions of other men, but they’re OK with that.
Hyundai Motor Group (KRX: 005380) announced Friday its deal to buy out a controlling interest of 80% of robotics specialist Boston Dynamics from SoftBank Group (TYO: 9984). Boston Dynamics makes Spot, that unnerving robotic dog (pictured above) with surprising capabilities. SoftBank will continue to hold a 20% interest in the company, which has been valued at $1.1 billion for this transaction. Financial terms were not disclosed.
Goodyear Tire (NASDAQ: GT) has forged a strategic tie-up with SafeAI, the AI specialist for autonomous solutions for the mining industry. The two companies will integrate a mining site and AI platform and process tire intelligence collected from rim-mounted sensors in heavy-duty vehicles.
Melco Resorts (NASDAQ: MLCO), the global casino and resort operator famous for its City of Dreams and Morpheus resorts in Macau, plans to use AI systems from Winnow Vision to reduce food waste and improve environmental sustainability.
Chinese tech giant Huawei and Megvii, one of the country’s largest AI companies, have reportedly tested a facial recognition system to track Uighur Muslims, a repressed minority group. On detection, the system also alerts the authorities.
On Sunday, Iran’s Islamic Revolutionary Guard Corps claimed that artificial intelligence and a satellite were used to control a machine gun that killed Fakhrizadeh on November 27.
Helium-filled balloons launched into the stratosphere by Google’s (NASDAQ: GOOGL) subsidiary, Loon, relay internet signals from an earth station to thousands of subscribers’ devices on the ground. Positioned at a height of about 20 km, these balloons are being kept on course by AI created by Loon and Google AI.
A team called “AI Sensing” won the Capgemini Group’s (EN: CAP) annual Global Data Science Challenge 2020 for developing a solution that analyzes thousands of photos of sperm whales and identifies matches of the individual whales.
The findings help scientists track the whales’ migration routes, protect their natural habitats, and analyze their social structures.
It’s the first known case of artificial intelligence being used in a trial at the venerable Old Bailey, the U.K.’s top criminal court. Defense lawyers for James Watson, who is charged with murdering Rikki Neave, a six-year-old schoolboy in November 1994, are using artificial intelligence to analyze the over 10,000 documents connected with the trial.
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.
Raytheon Intelligence & Space, a unit of Raytheon Technologies (NYSE: RTX), will collaborate with C3.ai, a provider of enterprise AI software, to develop AI solutions for aerospace and defense missions by the US Air Force and intelligence agencies.
Google-owned (NASDAQ: GOOGL) DeepMind, a London-based AI lab, announced that its AlphaFold program had solved the 50-year-old protein folding issue and is capable of predicting the shape of many proteins.
Fish is a major export for Norway, earning a revenue of $11.3 billion in 2019, as per the Norwegian Seafood Council. Norwegian farmers are increasingly using artificial intelligence (AI) in aquaculture, the farming of fish and other marine organisms. The Norwegian AI Lab has developed AI models that can optimize various operations of this business.
Pactum helps its customers unlock value by automatically negotiating contracts on a massive scale. Think Walmart (NYSE: WMT). It’s the largest retailer in the world and has many thousands of agreements that should be optimally negotiated for multiple parameters.
Exchange traded fund (ETF) sponsor WisdomTree commissioned a survey by Coredata Research of professional investors across Europe on thematic investing. The survey found that a vast majority of these investors considered artificial intelligence as the most compelling long-term thematic investment opportunity.
Toronto-headquartered Scotiabank (NYSE: BNS) announced that it had been using a new AI platform over the past 10 months to enhance its customer service through the delivery of faster insights and better advice.
A sophisticated breathalyzer device that uses artificial intelligence and advanced mass spectrometry technology to detect whether a person is COVID positive has been developed and tested by Worlds Inc, the Texas A&M System, and the U.S. Air Force. Housed inside a kiosk, the Worlds Protect device analyses the exhaled breath from an individual and delivers the test result to a smartphone almost instantly.
Global technology company Nasdaq (NASDAQ: NDAQ) announced today its acquisition of Canada-based Verafin for $2.75 billion payable in cash. Verafin’s cloud-based software platform serves customers with fraud detection, money laundering protection, and high-risk customer management. The 2003-founded firm counts more than 2,000 financial organizations as its customers.
IBM (NYSE: IBM) announced Wednesday its acquisition of German software company Instana for an undisclosed amount. The acquisition will help businesses better manage the complexity of modern applications, considering they span the hybrid cloud landscape and use AI extensively.
In July, we wrote about how researchers at BenevolentAI found that baricitinib, a drug used for rheumatoid arthritis developed by Eli Lilly (NYSE: LLY), could be used to treat COVID-19, the deadly virus disease afflicting the globe. A new study dated November 13 has found that baricitinib can reduce the risk of death by Covid 19 in elderly people.
AliveCor’s AI-based products provide personal cardiological services. Its FDA-approved KardiaMobile device instantly detects heart conditions such as atrial fibrillation, bradycardia, tachycardia, and normal heart rhythm in an ECG. The company’s Kardia platform is AI-enabled and helps in the early detection of atrial fibrillation, which is very highly likely to cause a stroke.