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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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.
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Artificial Intelligence: Come September, Meta Users May Be Treated To Human-Like AI Chatbots
Facebook owner Meta (NASDAQ: META) is planning to launch a series of AI-powered chatbots with different personalities, aiming to increase users’ interaction with its social media platforms. These chatbots, referred to as “personas,” are designed to have human-like discussions with users.
Artificial Intelligence: Researchers Are Using AI To Protect Bumblebees From Extinction
Scientists are optimistic about using artificial intelligence (AI) to aid bee research and conservation efforts in the British Isles. Over 20 species of bumblebees inhabit the region, but some have become extinct since World War II, and others are endangered. To help conserve these bees, researchers are training a computer system to automatically identify threatened species in the wild by recognizing the unique buzzes each species makes.
FinTech: AI-Enabled Fintech Platform TIFIN Launches TIFIN.ai With J.P. Morgan As Investor
TIFIN and J.P. Morgan (NYSE: JPM) have announced the launch of TIFIN.ai, a platform dedicated to conceiving and developing a new cohort of AI-powered fintech companies. Building upon the success of TIFIN Studios, which created five companies between 2018 and 2021, TIFIN.ai aims to accelerate thematic AI-powered fintech innovation in wealth management across various use cases, including client portfolio insights, alternative investing, workplace wealth management, and insurance.
Artificial Intelligence: Intel To Incorporate AI Into All Its Products
During Intel’s (NASDAQ: INTC) Q2 2023 earnings call, CEO Pat Gelsinger expressed strong confidence in the future of AI, announcing an ambitious plan to integrate AI into all of Intel’s products. Intel’s upcoming consumer chip, Meteor Lake, will include a built-in neural processor for machine learning tasks.
Artificial Intelligence: Amazon Web Services Launches Enhanced Version Of AI-Enabled Tool For Doctors
AWS HealthScribe is a new HIPAA-eligible service introduced by AWS that aims to revolutionize clinical documentation in healthcare. Healthcare software vendors can utilize it to construct clinical applications that analyze patient-clinician conversations and automatically produce initial clinical notes. The service is designed to address the documentation burden that clinicians face, allowing them to focus more on patient care. (AWS)
Artificial Intelligence: Tech Companies Form A Forum To Regulate AI
Leading artificial intelligence companies, including Google (NASDAQ: GOOGL), OpenAI (maker of ChatGPT), Microsoft (NASDAQ: MSFT), and Anthropic, have announced plans to establish the Frontier Model Forum. This industry-led body aims to develop safety standards for rapidly advancing AI technology, surpassing the progress of Washington policymakers who are still debating the necessity of a government-led AI regulator.
Artificial Intelligence: JPMorgan Analysts Warn That Stocks Could Melt If AI Bubble Bursts
JPMorgan Chase strategists have issued a cautionary warning that the current widespread surge in stock market values, fueled by the fascination with artificial intelligence (AI), may be on the verge of collapsing. Despite the remarkable rise in stock prices driven by AI-related hype, JPMorgan (NYSE: JPM) argues that there is little solid evidence of AI significantly boosting corporate earnings.
Artificial Intelligence: SoftBank And Symbiotic Set Up $100M JV For AI And Robotics Powered Warehousing
SoftBank (TYO: 9984) and supply-chain services provider Symbotic (NASDAQ: SYM) have announced the creation of a joint venture called GreenBox Systems, aimed at constructing AI-powered warehouses. SoftBank, the Japanese technology investor, will hold the majority ownership in the venture. The companies are jointly investing $100 million in this project, and GreenBox Systems has also committed to purchasing AI-powered systems worth $7.5 billion from Symbotic to equip its warehouses.
Artificial Intelligence: Tech Majors Agree To Voluntary AI Guardrails At White House Meeting
Seven major AI companies in the United States, including Amazon (NASDAQ: AMZN), Anthropic, Google (NASDAQ: GOOGL), Inflection, Meta (NASDAQ: META), Microsoft (NASDAQ: MSFT), and OpenAI, have voluntarily agreed to implement safeguards for the development of artificial intelligence. These safeguards focus on safety, security, and trust in AI technology.
Artificial Intelligence: Apple Said To Be Working On Apple GPT, It’s Own Generative AI Model
Apple (NASDAQ: AAPL) is reportedly working on its own large language model (LLM) similar to ChatGPT, referred to internally as “Apple GPT.” The company’s motivation behind developing this model is to avoid falling behind competitors in the AI landscape. These rivals include OpenAI and Google (NASDAQ: GOOGL).
Artificial Intelligence: Meta Ups AI Ante, Launches Llama 2, A Free Large Language AI Model; Ties With Microsoft
Mark Zuckerberg and Satya Nadella recently announced a partnership between Meta (NASDAQ: META) and Microsoft (NASDAQ: MSFT) on Instagram. Meta, the parent company of Facebook, has developed an AI system called Llama 2, which is a large language model similar to ChatGPT.
Artificial Intelligence: SEC Chair Gary Gensler Warns AI Could Trigger “Herding” And Destabilize Markets
Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), has expressed concerns about the potential role of artificial intelligence (AI) in future financial crises. He believes that AI could increase financial instability by promoting herding behavior, where individuals make similar decisions based on signals from a common AI model or data aggregator.
Artificial Intelligence: UK Crime Agency Warns AI Technology Could Aggravate Child Abuse
The National Crime Agency (NCA) in the UK has issued a warning that artificial intelligence (AI) could exacerbate the epidemic of child sexual abuse. The NCA estimates that one in every 50 men poses a risk to children, with up to 830,000 adults representing some degree of sexual danger to children in the country.
Artificial Intelligence: Echoing The Destruction From The Atom Bomb, Director Chris Nolan Warns On AI
Noted film director Christopher Nolan, who was speaking after a screening of his documentary “Oppenheimer” at The Whitby Hotel in New York, has issued a warning to technology companies and engineers in Silicon Valley. Nolan emphasized the importance of accountability in the realm of technological innovation.
Venture Capital: Hugging Face, An AI Startup, May Raise $200M Series D
Hugging Face, an AI model startup, is currently reviewing term sheets for a Series D funding round. The round is expected to raise a minimum of $200 million and value the company at $4 billion, according to Forbes.
Artificial Intelligence: China Mandates New Rules For AI, They Take Effect On August 15
China has introduced new regulations for generative artificial intelligence (AI), making it one of the first countries to do so. The guidelines, released by the Cyberspace Administration of China, aim to manage the rapidly growing industry and will take effect from August 15.
Artificial Intelligence: Tech Titans Launch Fresh Forays Into AI
Elon Musk recently discussed his plans for building a safer AI during a Twitter Spaces event. Instead of programming morality directly into the AI, his new startup company xAI aims to create a highly curious AI, said to be a challenger to ChatGPT.
Artificial Intelligence: KPMG And Microsoft Ink $12B Multi-Year Cloud And AI Alliance
KPMG and Microsoft (NASDAQ: MSFT) have announced a partnership to invest over $2 billion in the development of cloud and generative AI tools over the next five years. This collaboration is significant as rival consulting giants like PwC and Accenture have also made substantial commitments to AI-powered advancements.
Artificial Intelligence: Anthropic Launches Its All New AI Chatbot Dubbed Claude 2
Anthropic, an AI company valued at $4.1 billion, has launched its new AI chatbot called Claude 2 and offered it for public use. Claude 2, hitherto under testing by enterprises including Slack, Notion, and Quora, will now be available to the 350,000 consumers on a waitlist.
Artificial Intelligence: AI Model Helps Decipher The 24th Century BCE Akkadian Script
An interdisciplinary team of researchers consisting of computer scientists and historians has utilized artificial intelligence (AI) to decipher Akkadian, the world’s oldest language. The team, led by a Google (NASDAQ: GOOGL) software engineer and an Assyriologist from Ariel University, developed an AI model using technology similar to Google Translate to interpret the ancient cuneiform script found on clay tablets.
Artificial Intelligence: OpenAI Faces Class Action Suit From Sarah Silverman And Authors For Copyright Violation
Comedian Sarah Silverman, and novelists Richard Kadrey and Christopher Golden are suing ChatGPT creator OpenAI and Meta (NASDAQ: META), claiming the two AI entities used copyrighted content without permission for AI training purposes.
Artificial Intelligence: Visitors Queue Up For Astro Readings From A Co-Star Machine In NoLIta
The Co-Star machine, developed by a technology company called Co-Star, is attracting attention at the Iconic Magazines store in NoLIta. Resembling a large washing machine with celestial labels and blinking lights, the device allows users to ask questions and receive answers based on astrological calculations.
Venture Capital: Japanese Robotics Startup Telexistence Nabs $170M
Telexistence, a robotics company based in Tokyo, has successfully raised USD 170 million in a Series B funding round. The funding came from both existing investors, such as Monoful Venture Partners, KDDI Open Innovation Fund, and Airbus Ventures, as well as new investors including SoftBank Group Corp., Foxconn Co-GP Fund, and Globis Capital Partners.
Artificial Intelligence: The 2023 World Artificial Intelligence Conference (WAIC) In Shanghai Draws Record Participation
The 2023 World Artificial Intelligence Conference (WAIC) in Shanghai has attracted a record number of companies, reflecting the heightened activity in China’s AI industry. With over 400 participating companies, this year’s event marks a significant increase compared to previous years. The conference, themed “Intelligent Connectivity, Generating Future,” aims to bring together more than 1,400 distinguished guests, including scientists, entrepreneurs, government officials, and international delegates.