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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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.
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.
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.
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.
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.
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.
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.
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…
In 2020 an algorithm that was designed to spot hidden clues in spoken words pinpointed hesitant uncertainty in the words of IT executives discussing supply chain outages and a shortage of semiconductor chips. Though they maintained that all was fine, the algo didn’t think so.
Roche (SWX: RO), the global giant in pharmaceuticals and diagnostics, and Ibex Medical Analytics, a global leader in artificial intelligence (AI)-based cancer diagnostics, will collaborate on the development of AI-based digital pathology tools.
Duke University computer scientist Cynthia Rudin has been awarded the AAAI Squirrel AI Award for Artificial Intelligence for the Benefit of Humanity. She becomes the second recipient of the $1 million award. It recognizes her for “pioneering scientific work in the area of interpretable and transparent AI systems in real-world deployments, the advocacy for these features in highly sensitive areas such as social justice and medical diagnosis, and serving as a role model for researchers and practitioners.”
In an eerily similar replay of a 2019 incident in which the CEO of a UK-based energy company transferred €220,000 (then about US$243,000) based on a telephonic instruction from a person that sounded like his boss, a UAE bank manager in 2020 paid out $35 million based on deep-faked, AI-cloned calls that he believed were from a client’s CEO.
At the Deeep Ai Art Fair in Shoreditch, East London, hangs a 3-D printed, AI-generated canvas depicting a nude woman painted by Pablo Picasso. The image, now dubbed The Lonesome Crouching Nude, is an AI-rendered work created by Oxia Palus from a work hidden beneath the oil paint of Picasso’s The Blind Man’s Meal (1903). The ghostly nude woman, which had been painted over by Picasso, was originally discovered in 2010 using superimposed X-ray fluorescence (XRF) imaging.
IBM (NYSE: IBM) has launched an Environmental Intelligence Suite, software that is a combination of AI, weather data, climate risk analytics, and carbon accounting capabilities. The suite helps organizations assess the climate impact of their own operations, assists in regulatory compliance, and to monitor for severe weather, wildfires, and air quality.
Audibel, a leading providing of hearing healthcare, has launched Arc AI, a full new line of AI driven hearing aids that provide exceptional sound quality through an AI algorithm that automatically adjusts hearing aids to the wearer’s environment.
Olea Edge Analytics, an Austin-based AI startup that seeks to enhance municipal water revenues at cities and helps them combat situations such as drought, has raised a $75 million Series C round led by Insight Partners, the New York-based global private equity and venture capital firm.
DeepMind, the UK AI unit which Google (NASDAQ: GOOGL) acquired in 2014 for £400 million, has reported a maiden pre-tax profit of £46 million in 2020. Commercial revenues at DeepMind emanate from parent Alphabet, and those more than tripled to £826 million. Staffing and other costs surged to £780 million, up from £717 million in 2019.
UK-based Wessex Water is a regional water and sewerage business serving 2.8 million customers across the south west of England, owned by by YTL Power International of Kuala Lumpur, Malaysia. The utility has engaged StormHarvester, a provider of solutions for smart drainage, to deploy AI over its sewer network spanning 35,000 km.
ProShares launched three new thematic ETFs that address high technology themes such as automated manufacturing, big data and clean tech. “Each ETF is designed to offer investors exposure to a rapidly changing industry, from the automation of manufacturing to enhanced analytics and big data processing to powering the transition to clean energy,” ProShares CEO Michael Sapir said Thursday in a statement.
China’s Ministry of Science and Technology (MOST) has released a document titled “New Generation Artificial Intelligence Ethics Specifications” that specifies six ethical guidelines for the implementation and use of AI, rests all decision-making with humans, and addresses issues such as fairness, security, discrimination, privacy and data leaks.
Google-owned (NASDAQ: GOOGL), London-based AI Lab DeepMind collaborated with the Met Office to develop a nowcasting system for predicting, accurately, the likelihood of rain over the next 90 minutes. In comparison, existing forecasting methods can do so for periods from six hours to two weeks.
A team of researchers in Taiwan have utilized deep convolutional neural networks (DCNNs or CNNs) to extract and differentiate patterns within images and automatically identify termite species. Their success raises the possibility of the use of the technology in pest control to successfully counter termite infestations.
Artificial intelligence firm Art Recognition alleges that Samson and Delilah, the renowned painting by Peter Paul Rubens on display at London’s National Gallery, is a forgery. The antecedents of the work have long been questioned by critics, and now AI technology has debunked its authenticity with an accuracy of over 91%.
Speaking at the Air Force Association’s Air, Space & Cyber Conference in National Harbor, Md., on Sept. 20, Secretary of the Air Force Frank Kendall said artificial intelligence had helped to identify a target or targets in “a live operational kill chain.”