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.
The Direxion ETF provides 200% exposure to the electric and autonomous vehicles industry. ETF issuer Direxion announced the launch of the Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares ETF (EVAV) that benchmarks 200% of the daily performance of the Indxx US Electric and Autonomous Vehicles Index. Accordingly, it invests in 25 U.S.-listed companies…
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AI is proving to be instrumental for UK’s Network Rail to achieve biodiversity net gain on its land by 2035. The UK Centre for Ecology & Hydrology (UKCEH) and technology firm Keen AI have been working with Network Rail to develop AI-powered solutions that can identify potential problems such as invasive species and native trees struck by disease.
Artificial Intelligence: Labby’s Milk Testing Solution Uses Mobile Spectrocscopy And AI To Protect Cows’ Health
Labby is a startup that provides AI-enabled optical sensing for raw milk testing on the farm. Using the Labby Handheld milk analyzer and a software, MilKey by Labby, the company gives milk composition and quality information, including milk fat, protein and somatic cell count (SCC), using advanced mobile spectroscopy and AI. This enables early mastitis detection and prevention, drastically reducing dairy farmers’ losses.
Researchers at the University of Exeter have trained an AI algorithm on multiple recordings of the soundscapes from coral reefs, teaching it to distinguish between sounds from healthy and degraded reefs. The AI could later listen to new reef recordings and accurately deliver an assessment of their health. The findings could be invaluable for monitoring reef restoration projects.
Evolv Technologies CEO Peter George talks on the role of AI in detecting armed threats through metal detectors in schools. In an interview with Yahoo Finance, Evolv Technologies CEO Peter George spoke on AI and security in schools in the context of last week’s school shooting in Uvalde, Texas. He said: “As you know, today, the…
Artificial Intelligence: China Launches Zhu Hai Yun, A “Revolutionary” Ocean-Going Drone Ship For Maritime Research
China has announced a fully autonomous ship that can carry a large number of drones, submersibles and other equipment for the conduct of marine research. The ship, named Zhu Hai Yun, can be controlled remotely and is able to navigate the open seas. On a somewhat somber note, the ship can also “quickly intercept, besiege and expel invasive targets.” (SCMP)
Artificial Intelligence: Crewless 750-Ton Commercial Cargo Ship Completes A 500-Mile Voyage Successfully
In what is said to be a world-first, the Suzaka commercial cargo ship, owned by Japanese shipping group NYK, sailed autonomously from Tokyo Bay and completed successfully a 40-hour, 790 km voyage with near-zero human intervention. The ship was equipped with Orca AI’s Automatic Ship Target Recognition System, a safety system for autonomous ships.
Engineers at Northwestern University (NWU) have developed a remote-controlled, crab-shaped walking robot claimed to be the smallest such device ever made. This technology is still in its early stages, but opens up the possibility of these mite-sized robotic crabs being deployed to execute tasks in small, cramped spaces that are difficult to access by humans.
Artificial Intelligence: Underwater, Autonomous Glider Tracks CO2 Levels In Alaska’s Resurrection Bay
CO2 concentrations are a valuable quantifier of ocean acidification, the result of greenhouse gases emitted by human activities. Hitherto, CO2 concentrations in our oceans were monitored by ships, buoys and moorings tethered to the ocean floor. In a new method, an autonomous glider fitted with a large CO2 sensor was deployed overnight in the Gulf of Alaska by the Nanuq, a University of Alaska Fairbanks research vessel.
Scientists have long held the view that earthquakes are impossible to predict, being random events. But the potential for damage these natural events have, including the loss of life, have led researchers to explore whether that could be changed using technology such as AI and machine learning.
Scientists at Los Alamos National Lab in New Mexico, led by Dr Paul Johnson, a staff scientist at the lab’s geophysics group, conducted experiments that attempted to predict the timing of a quake, rather than its magnitude, location or time. The test was surprisingly successful.
Artificial Intelligence: Overjet Wins FDA Clearance For Its AI-Powered Software That Detects Dental Caries
The FDA has cleared Caries Assist, the AI-powered dental caries detection and outlining software from Overjet AI. The approval follows a FDA previous clearance for Dental Assist, Overjet’s AI-enabled software for bone level measurement in X-rays with periodontal disease.
Sleepio, a digital app, uses an AI algorithm to provide users with customized cognitive behavioural therapy for insomnia (CBT-I). Cognitive interventions aim to improve the way a person thinks about sleep and the behavioural interventions aim to promote a healthy sleep routine. The app costs £45 (excluding VAT) and can work through wearable devices like the Apple watch.
Last week it was reported that a recent study that looked at the state of sea lice in the Pacific Ocean and found that the parasite is increasingly becoming resistant to a pesticide known as SLICE, or emamectin benzoate, one of the main tools that the salmon farming industry uses to combat the menace. An assessment usually involves manually counting the sea lice on salmon, a process that is often erroneous and sometimes accompanied by deliberate under-reporting. However, Benchmark Genetics, Norway, has collaborated with the Danish Technological Institute on a new, AI-enabled process that uses imaging technology and artificial intelligence to analyse the number of sea lice in real time.
In a new milestone in its path towards commercialization of driverless vehicles, Argo AI, which is backed by Ford and Volkswagen, has launched on-road testing of these cars without accompanying safety drivers. These trials will commence in Miami and Austin and be initially available only to Argo AI employees via an app.
Venture Capital: Revolut Co-Founder Nik Storonsky Takes Aim At “Clubby” Venture Capitalism With Own VC Fund
Nikolai Storonsky, the billionaire co-founder of fintech and challenger bank Revolut, is building his own AI-powered venture fund to remove the element of “crowd mentality” in current day venture financing. It’s a clubby world driven by relationships, and a sitting target for disruption, in his view.
Inflection AI was founded earlier this year by DeepMind co-founder Mustafa Suleyman, LinkedIn co-founder Reid Hoffman, and Karen Simonyan, a British computer scientist and researcher also from Google DeepMind. The company’s AI intends to make it possible to communicate with computers using the same natural, conversational language that we use to converse with people. Inflection raised $225 million from unnamed investors. The valuation was not disclosed either.
A study by researchers at the Massachusetts Institute of Technology and Harvard Medical School found that an AI model trained to read X-rays and CT scans could predict a person’s race with 90% accuracy. Scientists were surprised enough by this development to initially deem it a “mistake.” More so, because a doctor cannot tell a person’s race by looking at their X-ray.
Deals across the Clearview facial recognition system, discovery of battery metals in Australia, revenue communications, and data analytics Deloitte buys Intellify Deloitte Australia has acquired Amazon Web Services (AWS) and Databricks specialist Intellify to add to its consulting arm. Founded in 2017, Intellify has more than 40 certified AI/ML developers. It operates in Australia across…
San Francisco based Brightseed has raised $68 million in a Series B round led by Singapore sovereign fund Temasek with participation by existing investors Lewis & Clark AgriFood, Seed 2 Growth (now S2G) Ventures, CGC Ventures, Germin8 and AgFunder. Brightseed uses an AI platform dubbed ‘Forager’ to identify the hidden compounds in plants that can impact our health beneficially. The funding brings up the total money raised by Brightseed to $120 million.
Artificial Intelligence: AI-Powered MAGIC Goggles To Assist Field Personnel Perform Medical Procedures
DARPA has picked Raytheon (NYSE: RTX) BBN to develop goggles that are equipped with Augmented Reality (AR) and Artificial Intelligence (AI) capabilities to serve as a virtual medical assistant to combat medics on the field. The device would provide real-time, hands-free guidance for 50-different medical procedures.
VideaHealth, which leverages AI, data, and analytics to improve decision-making and diagnosis for dentists and dental insurers, has secured the approval of the US Food and Drug Administration (FDA) for its new AI-powered cavity detection system. The system serves as a valuable confirmatory tool for dentists.
Pacer ETFs has announced the launch of its all-new Pacer BlueStar Engineering the Future ETF (BULD) that tracks the BlueStar Global Robotics & 3D Printing Index. Accordingly, the ETF targets manufacturing and engineering developments leading to The Fourth Industrial Revolution, also known as Industry 4.0, which is characterized by disruptive industrial automation, and dependency on 3D printing and robotics.
Artificial Intelligence: Toyota To Deploy The Invisible AI Computer Vision Platform At North American Factories
Toyota Motor North America (TNMA) and Invisible AI have joined hands to improve quality, safety, and productivity at the 14 Toyota factories in the US through the use of AI. The platform works with so-called ‘invisible eyes’ to track real-time human motion to help customers run accurate, reliable and safe operations. The first TNMA plant to implement this technology, Toyota Indiana, will initially deploy 500 of these ‘edge AI’ devices this year.
The availability of powerful computing hardware and dramatic advanced in AI and software technologies have made it possible to conduct highly reliable and accurate vehicle inspections that generate reports in real-time.