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Artificial Intelligence

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.

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Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes

December 7, 2023

Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while the ROCm 6 open software stack introduces new features supporting Large Language Models (LLMs). Additionally, the Ryzen 8040 Series processors come equipped with Ryzen AI capabilities.


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More Stories on Artificial Intelligence

Artificial Intelligence: AI In SETI May Help Us Find Life Beyond Earth

October 10, 2023

AI is transforming the search for extraterrestrial intelligence (SETI), potentially detecting signals from other worlds more efficiently than humans. The sky is a cacophony of radio noise, making the search for alien life daunting. Machine learning algorithms, specifically designed to recognize known forms of radio-frequency interference (RFI), are changing the game. These algorithms analyze data like a haystack, flagging anything unfamiliar for human investigation.

Artificial Intelligence: US CEOs Look To AI And ESG For Better Returns Amidst A Volatile US Economy

October 9, 2023

CEOs today face the challenge of navigating an increasingly volatile U.S. economy characterized by a blend of disruptive risks to growth and structural shifts. These shifts range from persistent inflation to the transition towards cleaner energy sources and changes in the labor market. These factors collectively raise the cost of doing business while leaving minimal room for error in strategy development and execution.

Artificial Intelligence: OpenAI Considered Acquiring A Chip Maker (Reuters)

October 6, 2023

OpenAI is actively considering the development of its own artificial intelligence (AI) chips and has even explored potential acquisition targets in this regard, according to Reuters. While no final decision has been made, the company has been addressing the challenge of the high cost and limited availability of AI chips, which are crucial for its operations. CEO Sam Altman has expressed concerns about the scarcity and cost of graphics processing units (GPUs), which are essential for AI applications. OpenAI currently relies heavily on Nvidia (NASDAQ: NVDA) for these chips, a company that controls a significant share of the global market for AI-capable GPUs.

Artificial Intelligence: Next-Generation Ray-Ban Meta Smart Glasses Collection Launched With AI Capabilities

October 5, 2023

Meta (NASDAQ: META) and Ray-Ban are set to launch the second-generation of their smart glasses in October, offering an array of advanced features. These AI-powered sunglasses, the Ray-Ban Meta smart glasses, are designed to enhance the way people document special moments and interact with technology. They come equipped with a 12MP camera, built-in speakers, and a five-microphone system. Wearers can livestream, listen to music, send messages, and make calls via social media platforms, providing a seamless multimedia experience.

Artificial Intelligence: Northwestern Researchers Devise New AI That Can Design Functional Robots In Seconds

October 4, 2023

Northwestern University researchers have achieved a groundbreaking milestone by developing artificial intelligence (AI) capable of intelligently designing robots from scratch. This AI innovation defies conventional methods by swiftly creating novel robot structures on a lightweight personal computer, bypassing the need for energy-intensive supercomputers and colossal datasets.

Venture Capital: Anthropic Is Pedal To The Metal On Funding – Eyes $2B From Google, Hot Valuation

October 4, 2023

Anthropic, a significant player in the generative artificial intelligence sector, continues its quest for substantial investments, despite already securing substantial funding. The company is currently in discussions with potential investors, including tech giant Google (NASDAQ: GOOGL), in pursuit of a new $2 billion funding round. This follows Amazon’s (NASDAQ: AMZN) recent commitment to invest up to $4 billion in Anthropic.

Venture Capital: AI Clearing Raises $14M For AI-Powered Construction Monitoring

October 3, 2023

AI Clearing, an AI-powered construction progress tracking and quality control platform, has secured a significant $14 million in Series A funding. Prudence led the funding round, with participation from FJ Labs, Tera Ventures, Inovo, and Innovation Nest.

FinTech: Visa’s Venture Arm To Spearhead $100M Generative AI Initiative

October 3, 2023

Visa (NYSE: V), a prominent player in the realm of payments, has unveiled an ambitious initiative with a commitment of $100 million to ventures in Generative AI. It would involve significant investments in the upcoming wave of companies dedicated to advancing generative AI technologies and their applications. The overarching goal is to shape the future of commerce and payments through groundbreaking innovations.

Artificial Intelligence: AI Revolutionizing Real Estate With New Use Cases

October 3, 2023

The real estate industry is experiencing a significant shift towards the integration of artificial intelligence (AI) tools, which are being used for a number of new applications. In an interview, David Conroy, the director of emerging technology at the National Association of Realtors (NAR), highlighted the rapid adoption of AI tools within the industry. These tools are playing a transformative role in refining processes throughout the real estate journey, from improving presentations to optimizing sale prices through valuation models.

Artificial Intelligence: Tom Hanks Alleges Advertiser Used His AI-Generated Image Without Permission

October 2, 2023

Tom Hanks, the renowned actor, has issued a warning to his 9.5 million Instagram followers, revealing that his image was used without his consent in a promotional video for a dental plan. In a message posted on his social media account, Hanks clarified that the video features an artificial intelligence (AI) version of him and that he has no association with it. This incident highlights Hanks’ ongoing concerns about the use of AI in the entertainment industry, a topic he discussed in a recent podcast interview.

Artificial Intelligence: Mysterious US-Based Books3 Dataset Used To Train AI Was A Massive Trove Of Pirated Books

September 29, 2023

Thousands of books penned by some of Australia’s most esteemed authors may have fallen victim to what Booker prize-winning novelist Richard Flanagan has described as “the biggest act of copyright theft in history.” These literary works are believed to have been pirated by the US-based Books3 dataset, which was then used to train generative AI systems for major corporations like Meta and Bloomberg.

Venture Capital: Slope, A B2B Solutions Provider Backed By Sam Altman, Scores $30M Funding

September 28, 2023

Slope, a two-year-old AI startup based in San Francisco, has secured a substantial $30 million equity round led by Union Square Ventures and featuring participation from OpenAI’s CEO, Sam Altman. This brings the startup’s total funding to an impressive $187 million.

Artificial Intelligence: Palantir Awarded $250M Contract By US Department Of Defense For AI R&D

September 28, 2023

Palantir Technologies Inc. (NYSE: PLTR) has secured a significant contract worth $250 million with the US Defense Department. The primary focus of this contract is the research and development of artificial intelligence (AI) and machine learning technology. This development underscores Palantir’s strong ties to the US government and its growing involvement in the realm of AI and defense.

Artificial Intelligence: Tree-Strapped AI Sentries Warn Of Deforestation In Real Time

September 27, 2023

Small AI-equipped boxes called “curupiras” have been deployed in the Brazilian Amazon to combat deforestation. These boxes use sensors and AI software to detect sounds of chainsaws and tractors, signaling potential threats in real-time.

Artificial Intelligence: French Billionaire Xavier Niel To Invest €200M On “European AI Champion”

September 26, 2023

French billionaire Xavier Niel is embarking on a significant €200 million investment in artificial intelligence (AI), aiming to bolster European tech competitiveness against global giants like the US and China. This initiative, led by Niel’s telecoms group Iliad, encompasses various projects designed to advance AI capabilities in Europe.

Artificial Intelligence: Amazon To Invest Up To $4B In AI Startup Anthropic

September 25, 2023 (NASDAQ: AMZN) announced a significant investment of up to $4 billion in the AI startup Anthropic to bolster its competitiveness in the field of artificial intelligence within the cloud market. This strategic move will grant Amazon’s employees and cloud clients early access to Anthropic’s technology, which they can integrate into their operations. Additionally, Anthropic will heavily rely on Amazon’s cloud services, including the utilization of proprietary chips from Amazon for training its future AI models.

Digital Assets: Stablecoin Issuer Tether Said To Invest $420M For 10K Of The Coveted H100 AI Chips

September 22, 2023

Tether, the company known for the world’s leading stablecoin, has made a strategic investment in Northern Data Group (ETR: NB2) through its subsidiary, Damoon. With an $83 billion market capitalization, Tether is diversifying its investments beyond fintech, including energy production, bitcoin mining, and communications technology.

Artificial Intelligence: Authors Guild, The Writers’ Trade Body, Sues OpenAI

September 22, 2023

In a recent legal development, the Authors Guild, representing 17 prominent authors including Douglas Preston, George R.R. Martin, and Jodi Picoult, has initiated a proposed class-action lawsuit against OpenAI, the entity behind ChatGPT. The crux of their complaint is that OpenAI unlawfully used their literary works to train ChatGPT without consent or compensation.

Artificial Intelligence: OpenAI Announces DALL-E 3, Integrated With ChatGPT

September 21, 2023

OpenAI’s latest creation, DALL-E 3, is making waves in the world of AI image synthesis. This cutting-edge model, unveiled on September 21, 2023, is a significant leap forward in terms of its ability to generate images that closely adhere to complex descriptions and handle in-image text generation, such as labels and signs. What sets DALL-E 3 apart is its remarkable fidelity to prompts, making prompt engineering largely obsolete.

Artificial Intelligence: SambaNova Launches The SN40L Into A Red-Hot AI Chip Market

September 20, 2023

SambaNova Systems, an AI chip startup, has introduced the SN40L chip, which enables customers to utilize more extensive AI models at a reduced cost. This chip is designed for running large language models in enterprise applications, accommodating models over twice the size of OpenAI’s ChatGPT.

Artificial Intelligence: Morgan Stanley Empowers Financial Advisors With AI Assistants Running On GPT-4

September 19, 2023

Morgan Stanley (NYSE: MS) has ushered in the generative AI era on Wall Street with the launch of its AI @ Morgan Stanley Assistant, powered by OpenAI’s GPT-4. This move makes Morgan Stanley the first major Wall Street firm to deploy a bespoke solution based on GPT-4 for its employees, marking a significant development in the financial sector.

Artificial Intelligence: AI Detection System To Help Humans And Tigers Co-Exist

September 18, 2023

In a groundbreaking development for wildlife conservation, the Global Tiger Forum, National Tiger Conservation Authority, the NGO RESOLVE, and Clemson University have introduced a cutting-edge AI-powered camera-alert system known as TrailGuard AI. This innovative technology is designed to enhance coexistence between tigers and humans, addressing the increasing challenge of human-wildlife conflict in India’s tiger habitats.

Artificial Intelligence: India’s Infosys Wins $1.5B Contract Including AI Solutions

September 15, 2023

Infosys (NSE: INFY), India’s second-largest software services exporter, recently announced a substantial $1.5 billion contract spanning 15 years with a prominent “global company.” In this partnership, Infosys will deliver advanced digital experiences and business operational services, capitalizing on their platforms and cutting-edge artificial intelligence (AI) solutions. However, Infosys has not disclosed the identity of this global company or whether it is an existing client.

Artificial Intelligence: Amazon Deploys Generative AI To Help Sellers Write Effective Product Listings

September 14, 2023

Amazon (NASDAQ: AMZN) is harnessing the power of generative artificial intelligence (generative AI) to revolutionize the way sellers create and manage product listings. These new AI capabilities aim to simplify the listing creation process, making it more efficient and engaging for both sellers and shoppers.