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.
Pony’s passenger car business now moves from testing to commercialization. Autonomous driving technology company Pony.ai has been authorized to run paid autonomous robotaxi services in the Beijing Intelligent Networked Vehicle Policy Pilot Zone in southeastern Beijing, the company announced Monday. Significantly, Beijing, China’s capital, is the first Tier-1 city in China to permit chargeable autonomous…
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Zyfra said Sunday it had won an order from Odisha-based Thriveni Earthmovers Private Ltd to implement an ‘intelligent mine’ solution at the state-run power generator NTPC’s Pakri Barwadih coal mining project in Jharkhand, India. The contract would form part of the firm’s broader plans to introduce its artificial intelligence solutions in the Indian mining industry.
Researchers at the University of Chicago’s DeepScribe project have deployed machine learning and artificial intelligence (AI) to decipher thousands of clay tablets dating back to the ancient Iranian Achaemenid Empire (550–330 BC).
IBM Research’s Project Debater, the only AI system capable of debating humans on complex topics, will soon help businesses to better utilize language and text-based data. The Debater technology enabled a computer to read up documents and articles and enter a debate with a human being. IBM (NYSE: IBM) will soon commercialize this AI-powered technology through its products such as Watson NLP, Watson Knowledge Studio, and Watson Discovery.
The AI Moonshot Team at China’s WeBank, a private Chinese online banking company founded by TenCent, combined big data and AI to check on the impact of the coronavirus in Chinese manufacturing. They innovatively processed satellite, GPS and social media data and found that the Chinese economy may be getting back on its feet after the coronavirus disaster.
Qraft Technologies, a South Korean artificial intelligence firm, just launched its third ETF in the US. The Qraft AI Enhanced US High Dividend ETF (HDIV) targets high dividend US stocks selected through a proprietary AI system. Qraft Technologies has brought the ETF to market in collaboration with Exchange Traded Concepts, a white label ETF provider.
This Small Company Is Turning Utah Into a Surveillance Panopticon
Researchers at the University of Michigan created an RPNI by cutting an amputee’s peripheral nerve and stitching it to a muscle. The subsequent healing in the area helps develop new nerves and blood vessels over three months. Nerve signals landing here from the brain are amplified and become strong enough (in millivolts) to transmit to the artificial limb.
The report “Jobs of Tomorrow: Mapping Opportunity in the New Economy” by the World Economic Forum finds that, as a fallout from the adoption of new technologies, demand for both “digital” and “human” factors is driving growth in the professions of the future. These high-growth professions include artificial intelligence specialists, medical transcriptionists, data scientists, customer success specialists, and full-stack engineers. An article by Brad Birnbaum in Forbes looks at the intersection between two such professions: AI and customer success.
Facebook (NASDAQ: FB) has finally achieved traction in its drive to stamp out fake accounts guilty of spreading spam, phishing links and malware. Its Deep Entity Classification, an AI-powered tool, will take down this menace.
Alibaba’s AI System detects Coronavirus with 96% Accuracy. It uses a patient’s CT scans to complete its disease recognition process in a mere 20 seconds.
The bristol-based startup, Graphcore, which makes chips for AI, raised $150 million in a D2 round at a valuation of $1.95 billion.
Graphcore’s current valuation improves on the $1.7 billion value the chipmaker garnered in December 2018 when it raised $200 million in a D round.
Mankind’s emission-generating activities have loaded the atmosphere with carbon dioxide (CO2), thus triggering climate changes. However, promising technology that recovers the CO2 from the atmosphere is under development. This CO2 may either be resold or converted into blocks that can be used for construction. These blocks may also be stored permanently underground. The problem is to locate the ‘silos’ or natural structures below the surface where the carbon blocks can be parked. AI may help locate these structures from earthquake data.
AppliedXLabs, the joint venture between The Boston Globe and Newlab, will create AI tools that will drive data-driven journalism. These tools will automatically pull data from sources that are currently “data deserts” and generate journalistic insights.
Merlyn.AI Corporation (MAI), the Palo Alto-based ETF provider that previously introduced the WIZ ETF, has now launched the Merlyn.AI Tactical Growth and Income ETF (Nasdaq: SNUG) on the Nasdaq exchange. The ETF is a conservative investment that seeks to improve returns in both bull and bear markets. The ETF tracks the MAI Tactical Growth and Income Index.
Clearview AI, the facial recognition startup that allegedly scraped billions of photographs from websites such as Facebook, Instagram, YouTube, and Venmo, has been hacked. The controversial company works with 600 law enforcement agencies in North America. It said the hackers “gained unauthorized access” to its entire list of customers, and other data such as the number of accounts and searches.
SambaNova Systems, whose founders are the crème-de-la-crème of Silicon Valley, raised $250 million in a Series C funding. The startup is at the cutting edge of AI and large-scale computing. It is dedicated to developing “the industry’s most advanced systems platform to run artificial intelligence (AI) and data-intensive applications.”
The Defense Innovation Board recommended the five AI principles.
DoD Chief Information Officer Dana Deasy announced the AI principles at a press conference on February 24.
The principles “lay the foundation for the ethical design, development, deployment, and the use of AI by the Department of Defense,” Deasy said. They apply to both combat and non-combat use of AI technologies.
Halicin, the miracle antibiotic discovered by MIT’s AI algo, can kill the most antibiotic-resistant bacteria.
Artificial Intelligence: Analysts Weigh In On US CTO Michael Kratsios’ Remarks on EU Regulation of AI
Analysts weigh in on Michael Kratsios’ remarks on EU regulation of AI. Kratsios said the EU had clumsily docketed AI technologies as “high-risk” or “not high-risk.” “I think this approach of bluntly bifurcating the entire AI ecosystem into two buckets is a little bit harsh,” Kratsios said.
A new PwC report notes that artificial intelligence will play a massive role in boosting the global economy. The report states that AI will bolster the world to the tune of $15.7 trillion. That figure represents greater economic output that the nations of China and India. This figure would also represent a roughly 15% increase over 15 years from the global GDP figure of $74 trillion in 2015. The greatest economic gains from AI will be in China (26% boost to GDP in 2030) and North America (14.5% boost), equivalent to a total of $10.7 trillion and accounting for almost 70% of the global economic impact.
In “A Europe Fit for the Digital Age,” the EU’s strategies for Artificial Intelligence (AI) and data aim to encourage businesses to work with, and develop, these new technologies, while at the same time making sure that they earn citizens’ trust.
The strategy is an initiative by European Commission President Ursula von der Leyen, who had ordered her team to present a coordinated European approach to artificial intelligence and data strategy 100 days after she took office in December.
The EU’s rules set to be announced today will thrust on enhancing the region’s competitiveness but will do so with an emphasis on transparency, oversight, and protection of privacy.
About 2,000 employees at Royal Dutch Shell have shown interest in or been sounded out by the company, in online AI courses offered by Udacity.
The courses are free for employees, though they can cost as much as $400 per month for a normal individual customer at Udacity. However, it is not known what fees Udacity is charging Shell for the enterprise AI course. Shell describes the amount spent on AI training as “material and strategic.”
The employees, such as geophysicists, petroleum engineers, and chemists, can take the self-paced courses during working hours.
Creative digital agency space150 tried out an interesting experiment to find out if AI could be taught to recreate music and a whole new song. They picked rapper Travis Scott – known for his song “Sicko Mode,” the first song in United States history to spend over 30 weeks on the top 10 Billboard charts.
The result of the experiment: a bot-generated song and music video complete with lyrics and melodies. To give the music video an AI-feel and look, the agency engineered a computer distorted deepfake of Scott dubbed Travis Bott.