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.
Researchers at the University of California San Diego School of Medicine have found in a study that AI tools using NLP can predict the level of loneliness in older adults.
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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.
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.
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.
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.”
Airlines the world over are on the ropes following the collapse of the travel and aviation market due to the coronavirus outbreak. Tentative economy restarts, such as in the U.S. are under threat from a renewed rise in COVID cases. Airlines are under enormous pressure to cut costs as revenues have evaporated. Flag carriers, such as Air France (EPA: AF), have to come up with environmental quid-pro-quos to qualify for governmental bailouts. AI is a ray of hope in these circumstances.
Dr. Gera Weiss and Eliyahu Mashhadi, researchers at Ben Gurion University in Beer Sheva in southern Israel, have developed an AI-enabled system that pinpoints the location of a person operating an enemy drone using its flight path.
COVID-19 has subjected public transit systems to twin upheavals. One, the need for maintaining social distancing among commuters to reduce the spread of virus infections. Two, the change in ridership patterns due to the virus as the flow of people commuting between home and work has changed dramatically. The latter, particularly, has created logistical nightmares for public transit authorities in the way of planning, service reliability, and funding disruptions. A Vanderbilt University professor is applying AI to the solution of these problems for the public transit systems of Nashville and Chattanooga.
The theme of the conference is “Intelligent Connectivity, Indivisible Community.” Researchers, entrepreneurs, and officials from across the globe are discussing the emerging trends in artificial intelligence.
Artificial Intelligence: Payments Processor Elavon to Deploy Mastercard’s Brighterion AI To Combat Fraud
Elavon, a global payments provider and subsidiary of U.S. Bank (NYSE: USB), will work with Brighterion, Mastercard’s (NYSE: MA) AI company, to minimize fraud. Though EMV chip technology has helped to reduce frauds on cards, digital fraud is on the rise due to the massive growth in e-commerce transactions. Digital payments have surged during the COVID-19 crisis, and fraudsters are said to be eyeing a once-in-a-generation opportunity in digital fraud.
A study used the images from 30,000 patient scans (120,000 images) from the English Diabetic Eye Screening Program (DESP) to identify signs of damage using the EyeArt artificial intelligence eye screening technology (Eyenuk, Inc., Los Angeles, U.S.). The results were 100% accurate for the detection of moderate to severe retinopathy that could potentially cause the loss of vision. It was 95.7% accurate while detecting issues requiring the patient to refer to a specialist’s services. The study has profoundly positive implications for diabetic retinopathy and its screening.
CrowdSmart’s Cyrus is a software-as-a-service (SaaS) platform that uses AI and collective intelligence to better predict the likely result of an investment. Speaking to Barron’s in a panel interview, Polese provided insights on how the platform improved due diligence on a proposed investment. It more accurately predicted the investment outcome, reduced bias and democratised VC funding.
Back in February 2020, researchers at BenevolentAI, a British company that uses artificial intelligence in drug discovery, were sifting through its drugs database. The objective: to find one that could be repurposed for treating COVID 19. They found that baricitinib, a drug used for rheumatoid arthritis developed by Eli Lilly (NYSE: LLY), could be used to treat the deadly virus disease afflicting the globe.
MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL), Ava Robotics, and the Greater Boston Food Bank (GBFB) collaborated on a robotic solution to the problem of disinfecting a large area such as a food bank. They designed a robot that used UVC light to exterminate viruses and bacteria on surfaces and aerosols.
Seed germination and seedling establishment is a crucial process that influences the quality and yield of a crop. Seeds that germinate effectively and uniformly, and according to an expected germination rate, are likely to yield better crops. Therefore, tests monitor the germination progress to enable an assessment of the seed quality. Currently, crop breeders and agricultural laboratories conduct and record these tests manually – a time consuming and error-prone procedure. SeedGerm is a new, AI-enabled process that tests seed samples in a more efficient and low-cost manner.
Jacob Bergdahl, a full-stack developer and AI expert, examines how a fund that used AI to pick stocks compared with an index fund during the acid test of a pandemic.
Beaches across the world are hard put to cope with the task of protecting swimmers from drowning and risky, rip currents. Unattended children and elderly people in medical emergencies are other risks that lifeguards need to watch over. This is a difficult task on crowded beaches, even with alert guards scanning the beach with binoculars. Israeli startup Sightbit has innovated AI to help keep beaches safe from accidents and drownings.
LVivo RV and LVivo Bladder, two new AI-powered ultrasound tools from Israeli Ai specialist company DiA Imaging Analysis Ltd., have received clearance from the US Food and Drug Administration (FDA) and a European CE Mark. The LVivo RV, the first automated analysis of the right ventricle of the heart based on AI, will help to combat COVID-19 mortality linked to right ventricle heart failure. The LVivo Bladder is an AI-powered solution for automated, ultrasound measurement of bladder volume.
BMW (OTCMKTS: BMWYY) is known for allowing a high degree of customization in their cars to customers. For a car, as many as 100 different options are available, and as a result, 99% of car orders are unique to each customer. This level of customization translates into massive challenges in computing, logistics planning, and data analysis for BMW. The company has therefore deployed several robots at its factories.
The generations-old eye test that uses a chart full of alphabets of varying sizes or even the new-fangled digital eye tests may soon be disrupted. The virus pandemic has forced shelter-in-place and homebound people to seek an alternative. What if your glasses broke and you didn’t have a spare set? There may soon be an AI-based alternative – an eye test that can be done online, with the patient using a computer at home.
Coral reefs, one of the most precious of Earth’s ecosystems are in grave danger. Globally, half have already died. The other half could vanish by the end of this century, according to Tom Moore, coral reef restoration program manager for the National Oceanic And Atmospheric Administration (NOAA). Efforts by human divers are inadequate to restore coral reefs. We need AI and robotics to reverse coral damage, says the NOAA.
Ever-increasing populations, less and less arable land, and climatic changes make it increasingly difficult for the planet’s food producers to keep up with demand. Fresh, sustainable food needs to be put on millions of tables and there is a great need to develop new methods for cultivation. Greenhouses and indoor cultivation will become commonplace. AI and machine learning can be deployed with great results in these spaces.
Seagoing vessels in the polar area need to keep tabs on sea ice and the usual source is ice warning data issued by The Norwegian Meteorological Institute and similar centers. Unfortunately, this is a very expensive process that needs supercomputers and satellites. AI could change that, according to Sindre Markus Fritzner, a doctoral research fellow at UiT The Arctic University of Norway.
Broadridge Financial Solutions, Inc., (NYSE: BR), a global fintech company with over $4 billion in revenues, unveiled its LTX platform for trading in corporate bonds. The AI-driven platform has already traded successfully in recent weeks.
Invasive plant species cost the U.K. economy an estimated £1.7 billion annually. Though about 3,000 alien plant species are found in the country, only 234 of them are currently considered a threat to its ecosystem. These harmful species have properties such as the ability to reproduce rampantly, or to spread themselves across a range of habitats. In so doing, they develop an edge over native flora. The U.K. is now taking recourse to AI to counter these disruptive aliens called Invasive Non-Native Species (INNS).