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.
John Deere (NYSE: DE) has achieved leadership in automated machinery powered by Artificial Intelligence (AI). The self-driving tractor pictured above was revealed in CES 2022 and has six pairs of stereo cameras. Images captured by the cameras are passed through a deep neural network that monitors the path ahead and stops the tractor if it senses an obstacle. The autonomous tractor also functions within an inch of its preset working boundary.
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The artificial intelligence race draws many comparisons to the moon race between the United States and China. But is that an overreaction, and, if so, who is winning right now?
JP Morgan invested an undisclosed amount in a startup that uses AI and NLP to simplify and focus research documents.
Imagine you wanted to find all references to Netflix in a bulky financial research document. JP Morgan may have made that easier for you by investing in fintech startup Limeglass.
Limeglass uses proprietary rich Natural Language Processing (NLP), artificial intelligence (AI), machine learning, and their comprehensive cross-asset and macro taxonomy to smart-tag each paragraph in context.
Its “Research Atomization” solution will find out all references to Netflix in that research document with a simple search.
Nasdaq, for the first time, has brought in A.I. and machine learning to detect any malicious trading.
“By incorporating AI into our monitoring systems, we are sharpening our detection capabilities and broadening our view of market activity,” says Martina Rejsjo. Martina is VP and Head of Market Surveillance, North America Equities, Nasdaq. Her objective is to safeguard the integrity of the country’s markets – “the largest, most liquid ecosystem in the world.”
New York’s DFS, a financial regulator, will investigate whether the Apple Card differentiated between men and women over credit limits.
Apple co-founder Steve Wozniak has accused the Apple Card of gender bias by offering men higher credit limits compared to women. Wozniak found that his credit limit was 10X that of his wife, even though they both share banks and other credit cards.
Just as in computers “Garbage In = Garbage Out,” so also in Machine Learning: “Bias In = Bias Out.”
The Microsoft Twitter chatbot Tay had to be hastily withdrawn after it reacted to trolls with racist and misogynist tweets. Presumably, the bot developed this artificial intelligence bias from its machine learning basics.
AstraZeneca, the British pharma giant, will launch a $1 billion fund with China International Capital Corporation (CICC).
ABI Research said this week that the United States is the top market for investment in artificial intelligence. According to the study, the U.S. represented 52.3% of all AI investment in 2018. That figure signaled that the U.S. has replaced China as the global leader.
Dr. Barzilay decided to use artificial intelligence to collect and analyze the available information on breast cancer.
Harnessing artificial intelligence to treat breast cancer
Dr Barzilay is a holder of a doctorate in computer science. She went on to create a database from the pathological reports stretching back three decades at the Mass General Hospital. She developed an algorithm to parse this data, which covered more than 100,000 breast cancer patients.
SCB Asset Management Company, the largest mutual fund company in Thailand, wants to offer new funds using AI technology.
SCB Asset will utilize cutting-edge tools such as artificial intelligence, data analytics and programmed trading to identify and offer new equity funds. These funds will invest in overseas equities and generate higher fees.
Assam Company India Limited (ACIL) is using technology to improve traceability, productivity, and crop spraying safety at its tea gardens.
Imagine this. You enjoy a cup of the legendary Assam tea and want to tip the tea garden worker who plucked it. Now you can – through an app to be launched by the Assam Company.
Artificial intelligence-based analysis of the imagery from aging bridges and tunnels will detect and alert the authorities before their collapse.
Medtronic’s GI Genius Intelligent Endoscopy Module uses artificial intelligence to detect colorectal polyps. Medtronic has taken a major step forward in the fight against colorectal cancer through intelligent endoscopy. Colorectal cancer is the third most common cancer worldwide, with 1.8 million new cases reported annually. Therefore, Medtronic’s GI Genius module uses artificial intelligence to highlight…
Toyota’s automated driving technology in its new “LQ” concept vehicle will build an emotional bond between car and driver. The LQ concept car from Toyota will have automated driving capabilities as well as Artificial Intelligence Agent “Yui.” Yui is a powerful AI-powered interactive agent. It trains itself through interactions with the driver and his facial…
The Mohamed bin Zayed University of Artificial Intelligence, the world’s first dedicated AI University, was launched Wednesday in Masdar City.
The Mohamed bin Zayed University of Artificial Intelligence is an all-new graduate-level AI research institution in Abu Dhabi.
The University is currently accepting applications for its first Masters and Ph.D. programs, and classes will commence on September 2020. It offers a Masters of Science degree, which takes two years to complete, and a Ph.D. program of four years duration.
Bankers can now get an Artificial Intelligence-led insight into their banking operations with the help of Auriga’s new WWS AI module. Auriga’s WWS AI module is a component of its WinWebServer omnichannel banking software suite.
Great whites are rising in number. So are their encounters with humans. It’s, therefore, a challenge to devise early warning systems for our beaches. But a solution for spotting sharks with AI (artificial intelligence) is now possible thanks to Salesforce and the University of California.
The US government punished China for its “repression” of Muslim minorities by blacklisting Chinese AI organizations and security bureaus.
In rather sensitive timing just ahead of high-level trade discussions in Washington this week, the US took a hard line on allegedly brutal suppression of ethnic minorities in China by banning certain Chinese AI startups.
Ford has developed an Artificial Intelligence-driven database that will accelerate its transition from automaker to a mobility company.
It is accordingly partnering with American cities to solve mobility challenges. City Insights is Ford Mobility’s artificial intelligence-based collection of decision-enabling tools, custom algorithms, and data services.
NatWest will collaborate with Microsoft and DreamQuark to harness the power of artificial intelligence (AI) to simulate financial markets.
NatWest, Microsoft, and DreamQuark will develop a new platform called Next Generation Complex Analytics. The platform will use AI to learn from financial markets, transport networks, and other such structures. After that, it will apply this learning to detect opportunities and risks in real markets.
Novartis announced its plan for founding the Novartis AI innovation lab in collaboration with Microsoft as the AI and data-science partner. The Novartis-Microsoft alliance will “reimagine medicine” and boost Novartis’ AI capabilities. The new lab will discover and develop transformative medicine for patients globally.
Fundbox, a small-business lending fintech company, raised another $176 million in funding. New investors Allianz SE and General Catalyst.
Artificial intelligence to detect heart attacks may soon be a reality, according to research at the University of Oxford.
A Canadian robot tax could be the first of its kind. The Green Party of Canada has pitched a robot tax to address the growing threat of technologies like artificial intelligence.
Ex-Infosys CEO Vishal Sikka believes India can become the Artificial Intelligence (AI) capital of the world. AI could be a massive disruptor in India over the next 20-25 years, says Sikka. Automation and job losses would only be the tip of this iceberg. Instead, India could seize the initiative and turn the disruption into an opportunity by putting together educational programs.