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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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.
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Venture Capital: Generate Biomedicines, Which Uses Machine Learning To Invent New Drugs, Raises $370M
Generate Biomedicines, which uses its machine learning powered Generative Biology platform to make novel proteins with specific therapeutic functions, and thereby invent new drugs at never-before speeds, has raised a $370 million Series B. Investors in the round, which marked Generate’s first outside financing, included founder, Flagship Pioneering, along with several institutional co-investors.
Artificial Intelligence: AI-Based Detection Of Trafficked Wildlife Under Trial At Heathrow
A multispecies, AI-based model jointly developed by Heathrow, Microsoft (NASDAQ: MSFT) and Smiths Detection has shown, in initial trials, a success rate of over 70% in its detection of illegally trafficked wildlife concealed in baggage and air cargo.
Alternative Investments/AI: Global X Launches Seven New “Paradigm Shift” ETFs In Europe
ETF provider Global X ETFs announced today its launch of seven new UCITS ETFs in Europe that would trade on the London Stock Exchange and Xetra. The seven new ETFs complement Global X’s existing five thematic UCITS ETFs launched after Global X entered Europe in December 2020. The new ETFs center around disruptive, digital transformation around the world.
Artificial Intelligence: Global Pharma Company Sanofi Invests $180M In French American AI Startup Owkin
Sanofi (NASDAQ: SNY) announced today an investment of $180 million in Owkin, a Paris-based startup that utilizes AI and federated learning for medical research. Owkin’s platform connects life science companies with academic researchers and hospitals to share deep medical insights for drug discovery and development. Additionally, as a part of its AI-empowered precision medicine activities, Owkin builds predictive biomedical AI models and robust data sets.
Artificial Intelligence: Cardiologs’ AI Model Trumps Apple Watch On ECGs
Paris-based Cardiologs, which specializes in AI-enabled cardiology diagnostics, announced Tuesday that a clinical study proved its deep learning AI outperformed the Apple Watch ECG algorithm in the detection of atrial arrhythmias (AA), which are related to stroke risks.
Artificial Intelligence: AI-Powered Shopping Carts Under Trial At Albertsons Stores
An Albertsons (NYSE: ACI) store at Eagle, Idaho, is going all out to enhance the in-store experience for its shoppers by providing smart shopping carts made by Seattle-based startup Veeve. By equipping carts with enhanced features such as cameras, an interaction screen, even a weighing scale, they hope to make shopping in the store faster, easier and more efficient.
Artificial Intelligence: AI Analyzes How Spiders Construct Their Webs
Researchers at the Krieger School at John Hopkins University used night vision and AI to unravel the secret methods that spiders use to create their webs in the dark. Their findings are due to publish in the November issue of Current Biology.
Artificial Intelligence: The Flip Side To AI – For Zillow And Eyebobs, In $
Zillow Offers, the AI-powered service from Zillow (NASDAQ: ZG), was designed to make selling a home less stressful, generate automatic home-buying offers using its AI-powered Zestimate feature to evaluate a home, and transfer a cash payment within a few days. Unfortunately, Zillow has shut down the Zillow Offers business after having to write down its home inventory by $304 million, ostensibly because it overpaid for it.
Artificial Intelligence: AI Chipmaker Cerebras Scores $250M Series F Round
Cerebras Systems, which is building a new class of computers to accelerate artificial intelligence work by orders of magnitude beyond what is currently possible, announced Wednesday its close of a $250 million Series F round led by Alpha Wave Ventures along with Abu Dhabi Growth Fund (ADG). Other bulge bracket investors included Altimeter Capital, Benchmark Capital, Coatue Management, Eclipse Ventures, Moore Strategic Ventures, and VY Capital.
Artificial Intelligence: AI Helps Spotify Users’ Preferences, Gauge Their Moods
It’s been well known that Spotify (NYSE: SPOT) uses AI algorithms to create its “Discover Weekly” playlists that are curated especially for the individual user’s enjoyment. These 30 songs are actually handpicked by a complicated set of algorithms that use big data, AI, and machine learning to figure out the user’s taste in music. The system curates the playlist by going through their streaming history, created playlists, “liked” songs, and “followed” artists. So much for preferences. But Spotify can now also gauge your mood, and suggest music accordingly. How?
Artificial Intelligence: Philips Snaps Up Cardiologs For Its AI-Empowered Cardiac Diagnostics
Royal Philips (NYSE: PHG) is making another advance into high technology cardiac diagnostics with its acquisition of Cardiologs, A France-based medical technology company that uses AI and cloud technology for cardiac diagnostics. Philips said the acquisition, the terms of which were not disclosed, was an excellent fit with its existing cardiac care portfolio.
Venture Capital: H2O.ai Raises $100M; Commonwealth Bank Of Australia Buys Stake
H2O, which enables businesses to build AI systems using its cloud-based platform, has raised $100 million in a series E round led by Commonwealth Bank of Australia (ASX: CBA) with participation from Goldman Sachs Asset Management, Pivot Investment Partners, Crane Venture Partners, Celesta Capital, and others. CBA acquires an undisclosed stake in H2O and is also its customer.
Artificial Intelligence: Japanese Store Chain Tests AI-Powered Robot For Restocking Drinks
It had to happen sometime. The sheer volumes in store products, and the growing number of stores have made manning a nightmare for supermarket chains. The scarcity of trained labor, the high cost of wages and the unpopular working hours have together given impetus to the development of robotic solutions. On November 2, Family Mart and Telexistence installed a new robotic worker at a FamilyMart on the premises of the Ministry of Economy, Trade and Industry in Tokyo.
Artificial Intelligence: Alphabet To Commercialize AlphaFold2 AI For Drug Discovery
Alphabet has launched a new company called Isomorphic Labs for drug discovery using AI. Alphabet’s (NASDAQ: GOOGL) DeepMind unit made headlines with its path-breaking AI system AlphaFold2, which solved the 50-year-old challenge of protein folding. Alphabet is building on that breakthrough with the creation of Isomorphic Labs, a commercial venture that will bring an AI-centric…
Artificial Intelligence: IBM’s AI Helps Spot, The Robotic Dog, Keep A Watch On Grid Sites
IBM (NYSE: IBM) and Boston Dynamics have partnered in a drive to deliver data analysis “at the edge” by integrating the latter’s Spot mobile robot with AI and hybrid cloud innovation from IBM. Spot, transformed into an intelligent, roaming edge device, has begun conducting autonomous inspections at National Grid (NYSE: NGG) sites.
Artificial Intelligence: AI Could Soon Decode Whales’ Talk And Let Us Chat With Them
A massive project is underway to collect recordings of the clicks that sperm whales emanate when they seemingly communicate with each other across vast distances below the surface of the sea. Researchers hope that by applying AI, machine learning and natural language processing to these ‘codas’, they would decode a sperm whale language if it exists. Who knows, what may follow is a two-way conversation!
Artificial Intelligence: K Line And Kawasaki Partner On AI For Operation Of Marine Machinery
Japanese shipping and transportation giant Kawasaki Kisen Kaisha, Ltd. (K Line) and Kawasaki Heavy Industries, Ltd. (KHI) are collaborating on the development of an AI-based Marine Machinery Operation Support System that will use data analytics for optimum maintenance of onboard machinery.
Artificial Intelligence: AI To Tackle “Infodemic” Of Corona Fake News
K.P. Subbalakshmi, AI expert at the Stevens Institute for Artificial Intelligence and a professor of electrical and computer engineering, along with Stevens graduate students Mingxuan Chen and Xingqiao Chu, are developing an AI-powered, scalable tool to detect and flag “fake news” relating to COVID-19.
Artificial Intelligence: TOCABI, The Humanoid Robot, Debuts After Eight Years In Development
TOCABI, or short for Torque Controlled compliAnt BIped, a humanoid robot, made its debut recently at the ANA Avatar XPRIZE competition. The robot was eight years in the making, with major inputs from New Jersey Institute of Technology Assistant Professor Mathew Schwartz.
Artificial Intelligence: Pepsico Establishes Digital Hubs On Both Sides Of The Atlantic
PepsiCo’s (NASDAQ: PEP) new digital hubs to be located in Dallas and Barcelona will create as many as 500 jobs in the data-related and digital fields over the coming three years, and boost the company’s drive to digitalize its global network.
Artificial Intelligence: British Spy Agencies To Store Top Secret Data On AWS
The GCHQ, the UK’s signals intelligence body, along with MI5 and MI6, will host their top secret data on AWS servers to allow for data analytics and gain AI-powered insights form the vast trove. The contract with AWS is worth £500m to £1bn over the next decade, experts estimate. The data will be located in Britain, however, and AWS will not have any access to it.
Artificial Intelligence: AI Makes Sense Of The Monumental Literature On Climate Change
Publications on the impact of climate change have grown in number so huge, so fast that it is impossible to for humans to wrap their heads around the whole expanse of literature on the subject. AI can be trained to address the problem.
Artificial Intelligence: Rossum, The Document AI Company, Raises $100M
Rossum offers an end-to-end AI document processing solution that combines its cognitive data capture platform with a full suite of integration capabilities to automate document-based communications between diverse businesses. The startup announced this week its $100 million Series A raise from General Catalyst with participation by existing investors including LocalGlobe, Seedcamp, Miton and Elad Gil.
Artificial Intelligence: Ai-Da, Humanoid And Ultra-Realistic Artist, Detained By Egyptian Security
Ai-Da draws using using cameras in her eyes, her AI algorithms, and her robotic arm. Glamorous-looking Ai-Da, a creation of Oxford-based Aidan Meller, is the world’s first ultra-realistic humanoid AI robot artist. She may also be the first robot artist to be at the center of a diplomatic row. En route this week to the…