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.
Top Story
Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while the ROCm 6 open software stack introduces new features supporting Large Language Models (LLMs). Additionally, the Ryzen 8040 Series processors come equipped with Ryzen AI capabilities.
Get Daily Updates
Subscribe to DailyAlts Today to get Alternative Investment news, insight, and commentary delivered straight to your inbox every day.
More Stories on Artificial Intelligence
Artificial Intelligence: AI-Powered Vehicle Inspections Detect Defects In Seconds
The availability of powerful computing hardware and dramatic advanced in AI and software technologies have made it possible to conduct highly reliable and accurate vehicle inspections that generate reports in real-time.
Venture Capital: Precision Farming Startup Solinftec Raises $60M
Founded in 2007 by a group of automation engineers from Cuba, Solinftec is an agtech focused startup with headquarters in both São Paulo, Brazil and West Lafayette, Indiana. The company raised $60 million in a growth investment round led by Lightsmith Group and joined by existing investors Unbox Capital and Circularis Partners and several undisclosed investors.
Artificial Intelligence: AI Helps Identify An Enzyme That Eats Up Climate-Choking Plastics
Engineers and scientists at the University of Texas, Austin, have used machine learning to create FAST-PETase, an enzyme variant that can break down plastic waste in a matter of hours or days at lower temperatures. Plastic waste is a serious environmental problem because it is generated in quantities of billions of tonnes, piles up in deadly landfills, pollutes land and oceans, and takes centuries to degrade.
Venture Capital: Anthropic Raises $580M Series B For Safer AI Systems
Anthropic, a public benefit corporation and AI startup launched in 2020, raised a $124 million Series A in 2021, and has just announced a massive $580 million Series B round led by Sam Bankman-Fried, CEO of FTX. The round also included participation from Caroline Ellison, Jim McClave, Nishad Singh, Jaan Tallinn, and the Center for Emerging Risk Research (CERR).
Alternative Investments/AI: AdvisorShares Offers Drone Technology ETF
The AdvisorShares Drone Technology ETF (NYSEARCA: UAV) has commenced trading from April 27, according to an announcement from AdvisorShares, a sponsor of active ETFs. The ETF offers investment opportunities in the commercial drone economy including drones and autonomous vehicles (AVs).
Artificial Intelligence: Meta (Formerly Facebook) To Develop AI That Processes Text And Speech Like Humans
Meta (formerly Facebook) (NASDAQ: FB) has announced a long-term AI research initiative to better understand how the human brain processes speech and text. This project, being undertaken with neuroimaging center Neurospin (CEA) and Inria, will help the development of AI that processes speech and text as well as human beings.
Artificial Intelligence: The Bristal Assisted Living Deploys AI To Protect Seniors
Foresite is a high tech platform that includes wireless sensors, artificial intelligence, deep machine learning, visual monitoring systems, and predictive analysis. The system tracks a resident’s health, helps to predict an elevated risk of falling, and provides immediate alerts should a fall occur.
Artificial Intelligence: Baidu And Pony.AI Licensed To Operate Autonomous Vehicles Without Safety Drivers
For the first time ever, robotaxis will run on Chinese roads without a safety driver. Baidu (HKG: 9888) and Pony.AI received permits from the municipal government to operate their robotaxis within a 60 square kilometre (23 square mile) area in the Beijing Economic and Technological Development Zone. The rides may be offered to the general public without the need for a safety driver to be seated in the driving seat.
Artificial Intelligence: AI And Analytics Enable Visa To Keep Fraud At Record Lows
Visa’s (NYSE: V) massive investments in AI and advanced analytics enabled the card giant to wrestle payment fraud down to record levels despite the quantum surge in online transactions after the pandemic. Consider this: Since late 2019, the volume of e-commerce traffic has grown by 50%, according to Visa. Peer-to-peer payments on Visa’s network more than doubled, while subscriptions to digital streaming services surpassed 1 billion for the first time. But…cybercriminals got practically nowhere with Visa.
Artificial Intelligence: Philips And Sembly AI Offer High-Tech Instant Meeting Transcripts
Speech Processing Solutions, a Philips (AMS: PHIA) brand, and Sembly AI have joined up to launch a technology solution that enables instant searchable meeting transcripts, highlights key discussion moments, and creates summaries. The solution utilizes powerful microphones and smart meeting technology that together guarantee 360° recording, whilst capturing each speaker in the room and ensuring crisp, clear audio. One variant includes an intelligent camera that can be set to automatically recognize meeting participants individually and focus accordingly.
Artificial Intelligence: Autonomous Driving Company Pony.ai Nabs Chinese Taxi License
Pony.ai becomes the first and only autonomous driving company to be awarded a taxi license in China. According to the announcement, Pony.ai can now operate 100 self-driving taxis within the entire 800 sq Kms of the city of Nansha, Guangzhou, with standard taxi pricing, and within designated operating hours.
Artificial Intelligence: Pentagon Applying AI To Analyze Ukraine Warfare
Satellite imagery combined with AI is helping the Pentagon to get a ringside view of the Russia-Ukraine war through the analysis of vast amounts of data to generate valuable battlefield intelligence. The system also enables the DoD to glean useful insights into Russian warfare strategy and tactics.
Artificial Intelligence: Investment And Acquisition In AI
In AI deal-making news, Gupshup, India’s San Francisco -headquartered conversational AI platform made yet another acquisition. It acquired AskSid, a conversational artificial intelligence (AI) provider for eCommerce and retail brands, for an undisclosed amount. Separately, space solutions provider Maxar Technologies made a strategic investment in Blackshark.ai, an AI-powered geospatial analytics services specialist.
Artificial Intelligence: Deals In Video Analytics, Tactical Decisionmaking
Here are two interesting deals in AI – one, in tactical decisionmaking, the other in AI-assisted video surveillance. Booz Allen invests in Reveal Technology; Motorola acquires Calipsa
Artificial Intelligence: LG’s IT Group To Set Up AI Platform For Outdoor Smart Farming
A new smart farm will be built on 54.3 acres of farmland in Naju, a city in the country’s south-western region. About the size of 76 football fields, the project is a joint venture between Ministry of Agriculture, Food and Rural Affairs and South Jeolla Province. LG CNS, the IT division of the South Korean conglomerate LG (KRX: 003550), will help the venture become a smart farm growing high-quality crops using AI and digital technology.
Artificial Intelligence: SME Financier Profectus Capital Deploys Scienaptic AI’s Credit Decisioning Platform
Scienaptic AI, the global AI-powered credit decision platform provider, announced today that Profectus Capital is now live on its platform. Scienaptic’s AI powered credit decisioning engine and industry-tested scorecards for Bureau data and Financial Statements will help Profectus make better decisions on financing small and medium businesses.
Artificial Intelligence: Bosch Acquires Five.ai For Automated Driving
Five employs 140 associates at six locations in the United Kingdom. Bosch, the global electronics and mobility provider, has acquired Five, Europe’s leading startup in the field of automated driving, as it eyes a major role in the development of self-driving cars. The organizations agreed on the transaction at the beginning of April, and the…
Artificial Intelligence: Alibaba Cloud Uses AI To Efficiently Incinerate Garbage
Massive garbage landfills are being tackled in China through incineration, and one in ten of incinerators are now using AI, such as Alibaba Cloud, to help conserve energy and to minimise the release of toxins from the burning process.
Artificial Intelligence: AI Predicts Cardiac Attacks, Analyzes Urine, And Hernia Surgery Outcomes
Three stories that show how AI is assisting the medical profession. Olive: Urine Analysis on an Apple Watch Olive KG, a non-invasive, toilet-mounted, AI-based optical device by Olive Diagnostics automatically sends its results for display on an Apple Watch via an app called Olive WatchOS. The AI in the sensor measures molecules, biomarkers in urine…
Artificial Intelligence: Le Monde, The Iconic French Paper, Now Uses AI-Powered Translation
The 78-year-old newspaper is using AI-powered translation to create its digital English edition. ‘Le Monde’ launched a new English language digital edition on Thursday, April 7, comprising translated versions of a diverse selection of articles produced by its editorial team. It marks an effort to broad-base and grow the paper’s subscription base, as well as…
Artificial Intelligence: OpenAI’s DALL-E 2 Program Draws (And Edits) Images From Text Commands
AI research group OpenAI has launched a revamped version of its DALL-E program that generates images from text commands. The all-new DALL-E 2 program is described as a new AI system that can create realistic images and art from a description in natural language.
Artificial Intelligence: Former DeepMind Developers To Build Next-Gen Algo Trading
The majority of founders at EquiLibre Technologies have worked previously as researchers at DeepMind or IBM, and hold a Ph.D. in math or computer science. Martin Schmid, Rudolf Kadlec and Matej Moravcik also developed DeepStack, the first AI to beat professional players in no-limit poker. Good enough qualifications to launch their ambitious venture to build the next generation of algorithmic trading.
Venture Capital: Carbon Removal Pioneer Climeworks Raises $650M
It’s the largest financing ever in a carbon capture startup. Climeworks, the leading startup developing technology to remove carbon dioxide from the air, announced today its 600 million francs ($650 million) funding round led by co-led by Partners Group (acting on behalf of its clients) and GIC, with further participation from Baillie Gifford, Carbon Removal Partners, Global Founders Capital, John Doerr, M&G, Swiss Re, as well as other new and existing shareholders including long-term investor and anchor shareholder BigPoint Holding AG.
Artificial Intelligence: Clearview AI To Expand Its Vistas Beyond Law Enforcement
Clearview AI, the facial recognition startup that has often been in the cross-hairs of privacy advocates, intends to branch out beyond its beat of law enforcement and governments to banks and other private businesses, and is not looking to sell itself