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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: Australian State NSW Deploying AI To Combat COVID Fraud And Building Defects

November 24, 2021

The Government of Australian state New South Wales (NSW) is deploying AI, data analytics and the blockchain in various administrative applications, according to statements by officials at the 2021 digital.NSW event.

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Artificial Intelligence: Japan To Create AI-Based Surveillance System For Intruder Ships

August 16, 2021

By early 2024, Japan will have in place a monitoring system that will detect and suspicious or hostile ships using artificial intelligence (AI) and satellite data on maritime activity in and around Japanese waters.

Artificial Intelligence: At Salt River, Tackling The Menace Of Invasive Plants With AI

August 13, 2021

Invasive plant species such as the Salt Cedar Tree are spreading around the Salt River, Arizona, with the seeming objective to take over the area. This could prove damaging to Salt River’s native flora and fauna, and scientists have therefore deployed drones and AI to pinpoint invasive species for removal.

FinTech: Abu Dhabi Islamic Bank (ADIB) Onboards New Clients Using Facial Recognition

August 12, 2021

Abu Dhabi Islamic Bank has become the first bank in the UAE to verify a prospective customer’s identity at the time of account opening using the facial recognition verification system from the government’s Ministry of Interior.
UAE citizens and residents can now open a new account remotely and without having to make a physical visit to an ADIB branch. The “instant and highly secure verification” gives them instant access to banking services.

Artificial Intelligence: AI-Powered Home Surveillance Imposed On Call Center Employees Working For US Corporations

August 12, 2021

An NBC News investigation has revealed that Colombia-based call center employees of Teleperformance (EPA: TEP), which has companies such as Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN), and Uber (NYSE: UBER) on its client roster, are being asked to sign contracts allowing for the installation of AI-powered cameras at home. NBC News reviewed such a contract, first issued by Teleperformance in March.

Artificial Intelligence: AI Helps Researchers Understand Extreme Weather In The Midwest

August 11, 2021

Extreme precipitation days in the Midwest account for over half of all major US flood disasters. Researchers at Stanford University have developed a machine learning tool that helps them analyze the causes of long-term changes in weather and the mystery of why extreme precipitation days in the Midwest are becoming more frequent.

Artificial Intelligence: GE Healthcare Launches AI-Powered, Cloud Imaging Solution For Radiologists

August 10, 2021

GE Healthcare has launched Edison True PACS, a diagnostic imaging and workflow solution designed to make life easier for radiologists. A rising demand for imaging scans, an acute shortage of radiologists amid burnouts and retirements, and the high capital and IT costs of equipment have put healthcare enterprises under enormous pressure. Edison True PACS (Picture Archive and Communication System) is offered to address these problems.

Artificial Intelligence: HEGG, A New Vegan Egg Product From Singapore

August 9, 2021

Hoow Foods, a Singapore-based startup, has incorporated Hegg Foods, a plant-based subsidiary that will develop innovative and sustainable products using RE-GENESYS, Hoow Foods’ proprietary food & ingredient Artificial Intelligence (AI) platform.

Artificial Intelligence: AI To Participate In The Galileo Project’s Hunt For Alien Technology

August 6, 2021

A group of researchers led by Harvard professor Avi Loeb has launched the Galileo Project, a new venture that will use AI, telescopes, and astronomical surveys to hunt for evidence of “extraterrestrial technological civilizations” (ETCs).

Artificial Intelligence: Beewise Offers The Earth’s First Robotic Beehive

August 6, 2021

Agtech startup Beewise warns of an immediate and serious threat to the global food supply from the 35% global annual decline in bee colonies. Keeping bee colonies safe, well and preventing them from collapsing would allow for more pollination, as well as increased production of honey. Beewise has reinvented the traditional beehive, dating from 150 years back, and its Beehomes are solar-powered, AI-enabled, and armed with robotics to keep the bees safe, healthy, and productive.

Artificial Intelligence: Verizon Using AI For Optimal Placement Of 5G Transmitters

August 5, 2021

Verizon (NYSE: VZ) is going to spend billions of dollars over the coming years on its 5G rollout. Apart from the cost of airwaves and related expenses, the telecom major will install network equipment across the US to build out its national 5G service. Literally, thousands of 5G wireless transmitters would have to be placed, and according to Shankar Arumugavelu, senior vice president and global chief information officer of Verizon, the company is looking to maximize service coverage with the least number of transmitters.

Artificial Intelligence: The Pentagon Harnesses AI For “Days-Ahead” Outlook On World Events

August 4, 2021

NORTHCOM Commander Gen. Glen D. VanHerck revealed that the US Northern command recently completed the third in a series of tests of the Global Information Dominance Experiments (GIDE) with the objective to “leap forward our ability to maintain domain awareness, achieve information dominance and provide decision superiority in competition and crisis.” GIDE is an amalgam of machine learning, sensors around the globe, commercially available information and cloud computing.

Artificial Intelligence: An AI Model From IBM And The Michael J Fox Foundation Predicts Parkinson’s Progression

August 3, 2021

Researchers at IBM (NYSE: IBM) and the Michael J Fox Foundation for Parkinson’s Research have developed an AI model that helps predict the progression of Parkinson’s disease. The model groups typical symptom patterns of the disease and predicts the timing and severity of these symptoms.

Artificial Intelligence: AI Study Of Roads Of Major US Cities Finds Philadelphia Has The Best

August 2, 2021

As workers across the country prepare to return to offices, the U.S. Chamber Of Commerce Foundation, in a new AI-powered study titled AI For Infrastructure, ranks the cities where drivers may encounter fewer problems—and notes the places where headaches may be the worst.

Venture Capital: Elon Musk’s Neuralink Raises $205M For Its Brain-Machine Interface

July 30, 2021

Elon Musk’s Neuralink, which is building brain interfaces that can help people with paralysis to connect with computers and phones, announced the completion of its Series C fundraise. The round, which raised $205 million, was led by Vy Capital, with participation from Google Ventures, DFJ Growth, Valor Equity Partners, Craft Ventures, Founders Fund, and Gigafund.

Artificial Intelligence: Another Win For DABUS In Patent Law, This Time in Australia

July 30, 2021

In an Australian federal court judgement on Friday, Judge Jonathan Beach ruled that Dabus, an AI system, could be recognised under patent law as an inventor, and overturned a February 2021 decision by the Australian Deputy Commissioner of patents that an “inventor” can only be a natural person.

Artificial Intelligence: South Africa Recognizes AI As An “Inventor,” Awards Patent

July 29, 2021

South Africa, in a global first, has awarded a patent for the invention of a food container that improves grip and heat transfer, and named Dabus (‘device for the autonomous bootstrapping of unified sentience’), an artificial neural system, as the inventor thereof. The patent was secured by University of Surrey professor Ryan Abbott and his team, who represented Dr. Stephen Thaler, the creator of Dabus.

Artificial Intelligence: Tably, An AI-Powered App, Can Tell How Your Cat Is Doing

July 28, 2021

Sylvester.ai, which uses AI to improve animal health outcomes, has created Tably, an open beta app that “a cat parent” can download and better understand their pet’s health and mood. Tably is an AI-based monitoring tool that allows cat-lovers and their veterinarians to monitor cats remotely and painlessly.

Venture Capital: DataRobot Banks $300M Series G; Acquires Algorithmia

July 27, 2021

DataRobot announced today its raise of $300 million in a Series G round led by existing investors Altimeter Capital and Tiger Global and joined by new investors Counterpoint Global (Morgan Stanley), Franklin Templeton, ServiceNow Ventures, and Sutter Hill Ventures. The financing came simultaneously with news of DataRobot’s acquisition of the machine learning operations (MLOps) platform, Algorithmia.

Artificial Intelligence: AI-Powered BeachBot Fights Litter Nuisance On Beaches

July 27, 2021

Edwin Bos and Martijn Lukaart of TechTics floated Project BB to clean up the litter on the Scheveningen Beach in Holland. The battery-powered, 2.5 feet wide BeachBot was the result – an adorable, Mars-Rover-like machine that traverses beaches on plump wheels designed not to leave any tracks on the sand. For all its cute looks, it descends on the hapless cigarette butt with determination and precision.

Artificial Intelligence: Metaspectral Gets Grant From British Columbia For AI-Enabled Plastic Sorting

July 26, 2021

The CleanBC Plastics Action Fund, which is funded by the BC Government and administered by Alacrity Cleantech, has awarded a grant of $300,000 to Metaspectral, a Canadian company that derive real-time insights from AI using ultra-high-resolution, visible-to-infrared (hyperspectral) images.

Artificial Intelligence: AI Finds Anti-Aging Compounds

July 23, 2021

Researchers at the University of Surrey have taken a step forward in the journey to develop pharmaceuticals that slow down human aging. They have developed an AI model that can scan chemical compounds and detect their suitability for use in anti-aging innovations.

Artificial Intelligence: Ford, Argo AI, Lyft To Commercialize Autonomous Ride-Hailing

July 22, 2021

Ford (NYSE: F) said Wednesday (July 21, 2021) that as part of a unique three-company collaboration, Argo AI and Ford will deploy Ford self-driving cars with safety drivers on the Lyft (NASDAQ: LYFT) network as part of a network access agreement aimed at commercializing autonomous ride-hailing at scale.

Artificial Intelligence: Cambridge Spin-Off AAT Develops AI Platform For Sustainable Cultured Meats

July 21, 2021

Animal Alternative Technologies (AAT), a spin-off from the University of Cambridge, is focused on developing a scalable platform for cell-based meat services, including bioreactors, optimisation software, tissue engineering and analytics. AAT has come out of stealth and its Renaissance Farm platform enables large-scale cultured meat production commercially viable for food manufacturers, restaurant chains, retailers and governments. And its not just mince or bites – it is structured meat (read: steaks) synthesised directly from animal cells.

Artificial Intelligence: Optibus Optimizes Transit Planning Using AI

July 20, 2021

Optibus co-founder and CEO Amos Haggiag and CTO Eitan Yanovsky founded the Tel Aviv-based company in 2014 to address the challenges that transit and bus route planners face the world over – how to juggle the vast matrix of vehicles, drivers, routes, schedules, and traffic patterns. The task was becoming too complex for manual or Excel solutions, and the Optibus founders decided to deploy the cloud and AI to make it manageable.