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.
Pharma giant Merck (NYSE: MRK) has launched the Merck Digital Sciences Studio (MDSS), a biotech accelerator that will back AI and ML-focused startups developing innovative technologies for drug discovery and development. The 10-month program has been designed in collaboration with the New Jersey Innovation Institute.
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Facebook (NASDAQ: FB) and NYU Langone Health collaborated on research to incorporate Artificial Intelligence (AI) into medical imaging technology. The objective: to speed up MRI scanning so that patients have to spend less time cooped up, completely still, inside an MRI machine for as long as an hour. The project, fastMRI, found AI can help make these agonizing scans up to four times faster.
SenseTime Group Ltd., the Chinese AI giant that deploys facial recognition technology on a massive scale, including for law enforcement, is weighing an IPO. The company, which is backed by investors such as SoftBank and Singapore’s Temasek Holdings, is raising $1.5 billion of pre-IPO financing at a valuation of nearly $8.5 billion.
The Saudi German Hospitals UAE has announced a collaboration with Automation Anywhere for the installation of software bots to automate various business processes and thereby improve patient care standards.
A growing world population is placing increasing demand for food on existing resources such as land, water, and nutrients. Add to this the challenges from climate change, plant disease, and attacks from pests and weeds. Agricultural output is under pressure at a time of rising demand, and the race is on to find agricultural methods, technology, and tools to enhance farming efficiency. At Blue River Technology, a subsidiary of John Deere (NYSE: DE), they are building smart agricultural robots that precisely spray weeds with herbicide in real-time.
Researchers at Purdue University Polytechnic Institute are using artificial intelligence (AI) to pinpoint behavioral flags that can trigger early intervention before the parolee recommits crime – known as recidivism.
Sophie Seité, Ph.D., La Roche-Posay Dermatological Laboratories, Levallois-Perret, France, and her team have designed an artificial intelligence algorithm that accurately assesses acne and associated lesions through a smartphone.
According to scientists, in the not-so-far future, burglars could be much smaller and smarter than your average neighborhood intruder. Besides, they would be nonhuman. Criminals are developing autonomous, robotic invaders that make a joke out of traditional safeguards such as bolted doors and shuttered windows. The preferred mode of entry: a letterbox or cat flap.
India’s SME sector has been rocked on its heels by the COVID-19 pandemic. It contributes to 45% of the country’s manufacturing output and over 28% of GDP while employing 111 million people. The pandemic can have catastrophic consequences for these businesses, which were already suffering from an economic slowdown before the virus. This may be a challenging environment for the introduction of high tech credit appraisal tools. But this is exactly what the UK fintech Wiserfunding is proposing to do.
Work from home has a new meaning for researchers at the University of Liverpool, U.K. – they still can conduct experiments at the university laboratory. There’s a not-so-small difference, however. And it’s an intelligent, 1.75-meter tall robot-scientist that conducts experiments in the lab at their bidding.
Data scientists have long suffered from the impervious ‘black box’ that surrounds a machine learning model. That’s because data is crunched by the algorithm and decisions spit out but what went on in between the input and the output remains opaque. But help is at hand – Truera’s platform allows data scientists to analyze machine learning to improve model quality, address unfair bias, and build trust.
This dispute is over ten years old. According to Reuters, Shanghai Zhizhen Intelligent Network Technology Co., Ltd., also known as Xiao-I, has slapped Apple (NASDAQ: AAPL) with a $1.43 billion lawsuit. The Chinese company alleges that Apple violated a voice recognition patent owned by it.
A whole combination of technologies has been assembled by researchers at the Donald Danforth Plant Science Center to take human labor out of crop breeding and growing. Their FieldDock project combines remote sensors, AI and autonomous drones that run on renewable energy. Danforth Center researcher Nadia Shakoor (pictured above) is the founder of the FieldDock project.
Researchers from the University of Warwick, Imperial College London, EPFL (Lausanne) and Sciteb Ltd have devised a mathematical method to watch over AI and the possibility that it could adopt unethical strategies.
Researchers at UPMC and the University of Pittsburgh have trained an artificial intelligence (AI) algorithm to recognize and characterize prostate cancer with near-perfect accuracy.
A team of researchers at MIT CSAIL is using machine learning to predict its efficacy across populations. Their Optivax design system is a combinatorial machine learning system. It selects peptides (short strings of amino acids) that are predicted to provide high population coverage for a vaccine.
Buzz Solutions, based in Stanford, California, launched an AI solution for electricity utilities. It flags faults in the grid structure or power lines in time for repair. This avoids the risk of a wildfire that can cost human lives and millions of dollars in losses.
Necessity is the mother of invention, they say. The Hertfordshire County Council used to deploy a driver and inspection team to locate and log road faults such as potholes. The system became unworkable during COVID-19 and its social distancing norms. The County solved the problem by deploying a RoadAI system.
Gifts of $25 million from University of Florida alumnus Chris Malachowsky and $25 million in hardware, software, training, and services from NVIDIA (NASDAQ: NVDA) will underpin the University’s AI program. The University itself will contribute another $20 million.
The Australian Government has supported the development of amica, an online app that helps separated couples sort out parenting and financial issues. An initiative of National Legal Aid and the Legal Services Commission of South Australia, amica uses artificial intelligence (AI) to make recommendations to the divorcing couple.
As artificial intelligence finds its way into all kinds of businesses, it uncovers new, innovative means to cut costs, enhance controls and boost marketing. From finding new drugs, protecting crops and predicting wildfires, to warfare and emission control, AI appears to be everywhere these days. AI has even been adopted by the UK’s gambling industry to garner a host of benefits.
The Robotics & AI Bull 3X ETF (NYSEARCA: UBOT) with the rather characteristically chosen ticker symbol has outperformed the S&P 500 by 35% since the March 16 low. This leveraged ETF UBOT seeks a return that is 300% the return of its benchmark index for a single day.
The Dubai Roads and Transport Authority (RTA) has begun the use of artificial intelligence (AI) to make cabs, and the roads they operate on, safer. The Authority wants to ensure that Dubai’s taxi drivers are alert and efficient on the job. It has therefore deployed smart camera systems in the taxis for the purpose.
ModiHost is an AI-powered, cloud-based, SaaS hotel management platform that aims to boost a hotel’s upsales up to 25% by offering a unique and personalized experience to its clients. The platform uses AI to make sense of the huge amounts of typically unprocessed and wasted client data at the average hotel. Instead this data can be assimilated by the AI algorithm and used to enhance a client’s visit.
In the article “The case for a global compact on artificial intelligence,” (July 15, 2020) he writes that the healthcare, education, and manufacturing sectors can deliver enormous payoffs globally. Yet the world is divided on AI. ‘Speaking with the world’s tech experts and entrepreneurs…I’ve come to learn…hold widely divergent views on whether AI will be a force for good, or whether it will disrupt society and life as we know it,” Schwarzman observes. These ‘for’ and ‘against’ arguments are pointless, he argues. Instead, we should focus on “the steps we must take today to ensure that we responsibly harness the nearly limitless potential of AI.”