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.
Chinese AI company Parametrix.ai has raised $100 million in a Series B round led by Sequoia China and joined by existing investors 5Y Capital and Gaorong Capital. Though the valuation was not disclosed, Parametrix has joined the hallowed unicorn club (>$1 billion) after the funding.
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Roni Rosenfeld is a professor of computer science at Carnegie Mellon University. He leads the University’s machine learning department and Delphi research group. The latter has won kudos for its accurate predictions for the spread of the flu. Rosenfeld, at the behest of the Centers for Disease Control and Prevention (CDC), will now bring his phenomenal AI skills to mapping and predicting the spread of the coronavirus. In an interview with Vox, Rosenberg talks to Sigal Samuel about his new responsibility, the use of machine learning and inputs from common people to map the likely advance of the deadly coronavirus.
Ethics is defined as the moral principles governing the behavior or actions of an individual or a group. When we invent a technology, it must function ethically. Logically, it will follow the moral principles and standards of its creator. Therefore, if we are mindful of our ethical and moral obligations to society, these concerns will find their way into the functioning, and use, of the technology, for example, artificial intelligence.
How should we ensure that we are ethical in our use of artificial intelligence? According to Andrew Brockway, CTO, Confused.com, there are five questions to ask ourselves.
Robot tanks will soon enter the battlefield. Using AI, their operators will command the robots to perform surveillance, acquire targets, even fire weapons.
The Army Research Laboratory (ARL) is working on a project to control unmanned robotic vehicles using an AI-powered interface. These “forward operating” vehicles would perform a variety of functions in response to commands from a manned vehicle such as a tank.
Artificial Intelligence: The White House Spearheads Global Effort to Analyze Coronavirus Research Database for Clues
The White House, the crème-de-la-crème of tech companies, universities and health institutes are in a race against time to stop coronavirus in its tracks.
About 29,000 articles and research papers on the deadly coronavirus have been amassed into a research database titled COVID-19 Open Research Dataset (CORD-19). It is the most comprehensive coronavirus-related collection of literature compiled till date. Best of all, it is machine-readable, rendering it ideal for analysis by artificial intelligence (AI).
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.