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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.

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Artificial Intelligence: Merck Launches Biotech Accelerator Focused On AI/ML Startups

June 30, 2022

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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More Stories on Artificial Intelligence

Artificial Intelligence: Four Times Faster MRIs Using AI

August 19, 2020

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.

Artificial Intelligence: Chinese AI Behemoth SenseTime May Dual-List

August 17, 2020

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.

Artificial Intelligence: Saudi General Hospital UAE to Deploy AI-Powered Software Bots

August 14, 2020

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.

Artificial Intelligence: Blue River’s Massive Robots For Precision Spraying Weeds

August 13, 2020

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.

Artificial Intelligence: Using AI To Keep Parolees From New Crimes (Recidivism)

August 12, 2020

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.

Artificial Intelligence: Treating Acne With AI and Smartphone Technology

August 11, 2020

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.

Artificial Intelligence: A New Breed of Burglars – Small AI-Powered Robots

August 6, 2020

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.

FinTech: UK-Based Wiserfunding Launches Credit Appraisal Tools For Indian SMEs

August 5, 2020

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.

Artificial Intelligence: A Robotic Scientist That Works 21.5/7

August 5, 2020

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.

Artificial Intelligence: Truera Will Tell You What’s Going On Inside The ML Black Box

August 4, 2020

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.

Artificial Intelligence: Chinese Company Sues Apple For Violating Its Voice Recognition Patent

August 3, 2020

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.

Artificial Intelligence: Smart Farm Technology To Take The Drudge Out of Plant Breeding

July 31, 2020

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.

Artificial Intelligence: A Mathematical Watcher Over AI

July 30, 2020

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.

Artificial Intelligence: An AI Program Identifies Prostate Cancer With Almost 100% Accuracy

July 29, 2020

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.

Artificial Intelligence: Testing A COVID Vaccine For All Geographies; MIT’s Optivax

July 28, 2020

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.

Artificial Intelligence: An AI Solution to Safeguard From Grid-Triggered Wildfires

July 27, 2020

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.

Artificial Intelligence: How A U.K. County Is Using AI for Road Repair

July 24, 2020

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.

Artificial Intelligence: Univ. of Florida in $70M Public-Private Partnership

July 23, 2020

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.

Artificial Intelligence: AI-Powered Apps Can Now Ease a Divorce

July 22, 2020

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.

Artificial Intelligence: How AI Ups The Game for UK Online Casinos

July 21, 2020

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.

This AI and Robotics ETF Is Really Crushing It

July 21, 2020

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.

Artificial Intelligence: Dubai Authorities Using AI To Keep Tabs on Cabbies

July 20, 2020

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.

Artificial Intelligence: How Modihost’s AI Can Help Make a Hotel Guest’s Stay Memorable

July 17, 2020

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.

Artificial Intelligence: Blackstone’s Schwarzman Argues For International Cooperation on AI

July 16, 2020

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.”