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.
Microsoft (NASDAQ: MSFT) may buy Nuance Communication (NASDAQ: NUAN) at a valuation of $56 per share, according to Bloomberg, which cited unnamed people who were familiar with the matter. The price represents a premium of 23% over the Friday closing of Nuance of $45.58.
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Artificial Intelligence: Mitsui OSK And Bearing Develop AI-Powered Smart Routing Of Ships To Cut Emissions
An AI-powered Smart Routing Engine predicts the most fuel-efficient route for the ship. Mitsui O.S.K. Lines Ltd (TYO: 9104), one of the largest shipping companies in the world, has an operational fleet of approximately 800 ships. Since 2019, Mitsui has been collaborating with Silicon Valley-based Bearing.ai, an Artificial Intelligence technology startup, on improving shipping efficiencies….
Plastic and other refuse float on the surface of many of our precious seas and oceans, endangering the conservation of marine ecosystems. Conventional anti-pollution measures rely on observations of this floating junk from boats or planes. However, due to physical constraints, these efforts are inadequate in the face of mounting marine pollution. But hope is at hand from an artificial intelligence-based algorithm developed by researchers at the University of Barcelona (UB).
Pony.AI, a Chinese head-quartered autonomous driving startup, announced on February 8 its additional raise of $100 million in Series C. In November, the company had picked up $267 million in that Series, and in the process, earned itself a valuation tag of $5.3 billion.
Researchers at the University of Southern California (USC) have developed a method to accelerate vaccine development to counter potential new mutations of the coronavirus. Using AI, the researchers can vaccine analysis and identify the best medical therapy for treatment.
It is now clear the the much-publicised, allegedly Russian hack on beleaguered US IT company SolarWinds (NYSE: SWI) in December was not the only one. According to a Reuters report, suspected Chinese hackers also had a go at the company and succeeded in breaching computers at the National Finance Center and other U.S. government agencies.
Ecommerce giant Amazon (NASDAQ: AMZN) has installed cameras with AI capabilities in delivery vehicles, according to CNBC. The company is using the cameras, at some of its delivery service partners (DSPs), to improve the safety of the drivers. However, drivers have issues with privacy.
SupPlant, an Israeli-based company uses IoT, but in agriculture. Over the last four years, it has developed an AI-based system for autonomous irrigation that saves water and improves crop yields. Farmers of avocados in South Africa are now using this technology to their advantage.
Artificial Intelligence: IdentiFlight’s AI-Powered Bird Detection Systems Save Eagles From Wind Turbines
It’s a “green-versus-green” conundrum. Windfarms generate emission-free energy on the one hand, but cause the deaths of wildlife such as protected eagle species, on the other. IdentiFlight’s smart cameras, however, provide an automated curtailment system that slows or stops wind turbines when it senses the risk of collision due to inbound wildlife.
The World Economic Forum (WEF) on Thursday launched the Global AI Action Alliance (GAIA). It is an effort to accelerate the adoption of inclusive, transparent, and trusted artificial intelligence. Alliance members comprise delegates from more than 100 leading companies, governments, international organizations, non-profits, and academics.
BMO announced Tuesday the launch of 11 new Exchange Trade Funds (ETFs). Five of these ETFs form part of an Innovation suite, while the other six focus on clean energy, covered calls, fixed income, and ESG.
Researchers at the University of Alberta developed an AI tool for predicting schizophrenia from brain scans of healthy close relatives (such as children or siblings) of persons suffering from the mental disease. Out of 57 persons, the AI system could identify the 14 individuals that scored the highest in a schizophrenia self-test.
Nvidia (NASDAQ: NVDA) announced in a blog on Tuesday that its biggest OEMs were now offering NVIDIA-Certified Systems. These are a new class of accelerated servers designed and tested for modern workloads such as AI and data analytics, and suitable for processes running at data center locations, and on the edge of the corporate network. The systems feature NVIDIA’s latest GPUs that ride NVIDIA Mellanox networks and speed up processing for AI.
Cape Town-based Aerobotics, a startup that uses AI for the management of orchards, yield, pest and disease, and problem tree identification, raised $17 million. The oversubscribed Series B round was led by VC giant Naspers with participation from Platform Investment Partners, FMO: Entrepreneurial Development Bank, and Cathay AfricInvest Innovation.
Scientists from the University of Bath, University of Oxford, and the University of Twente in the Netherlands have demonstrated the successful use of satellite cameras with deep learning algorithms to monitor the location and number of African elephants.
AI is playing an increasingly bigger role in the management of wind energy, wind farms, and the maintenance of wind turbines through machine condition monitoring systems. Google (NASDAQ: GOOGL) predicts wind conditions and production for the next day for its 700 MW wind energy resources, gaining an edge in its power market operations. In Europe, the SmartWind project seeks to cut costs and optimize revenues, while a German company is using big data and AI for fault diagnosis of wind turbines.
Current methods detect prostate cancer with only 30% accuracy and require invasive surgery for a final determination through biopsies. This is highly inconvenient and often results in complications such as bleeding and pain. Prostate cancer is the most common cancer in men. A team from the Korea Institute of Science and Technology (KIST) uses AI on urine samples to detect prostate cancer.
Margaret Mitchell, the leader of Google’s (NASDAQ: GOOGL) Ethical AI team, has seemingly run into problems with the company. Like her erstwhile Black colleague Timnit Gebru, who departed last month in controversial circumstances, Mitchell too is an outspoken critic at the company. Gebru revealed in a tweet Tuesday that Google had locked Mitchell’s corporate access.
Researchers at Colorado State University have designed an artificial intelligence (AI) system that can help train dogs when their owners are away. Such a situation may well come around soon as people return to offices after vaccination against the coronavirus and life returns to normal.
Three very significant events took place in 2020. First, the aggregate market cap of the computer chip industry overtook that of the oil industry. The top 30 semi-conductor companies are together valued at $2.5 trillion, while the 30 biggest oil firms are $1.7 trillion. Second, NVIDIA (NASDAQ: NVDA) knocked Intel (NASDAQ: INTC) off its pedestal as America’s biggest chipmaker. Third, AI vaulted to become the biggest business at NVIDIA.
An investigation in 2016 by Imazon showed that the actual length of roads in the Brazilian Amazon biome was nearly 13 times higher than what was shown in official maps. These unofficial roads, most of them illegal, threaten the existence of the Amazon ecosystems. The researchers spotted these unreported roads by tracing lines on satellite images.
IPVM unearths a patent that shows Huawei used “explicitly racist technology.” IPVM, a world authority on video surveillance, said in an article Tuesday that Huawei, Megvii, and several other Chinese tech companies have filed patents in China for various devices and systems that include Uighur and ethnic minority detection. It published the article in conjunction…
Tickeron has launched an AI-powered trading robot that can help traders navigate the volatile and highly risky waters of cryptocurrency trading. Dubbed the Crypto AI Robot, the tool is claimed to have made some very profitable predictions in the recent past.
Artificial Intelligence: Abu Dhabi’s MBZUAI, The World’s First AI University, Welcomes Inaugural Students
The Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), the world’s first graduate-level, research-based artificial intelligence university in Abu Dhabi, opened its doors to its first batch of students. Studies will begin this week.