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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 Cannot Be an Inventor, Says USPTO

May 14, 2020

The USPTO has unequivocally confirmed that Artificial Intelligence (AI) cannot be deemed to be an inventor. The USPTO’s decision, published on April 27, is in line with similar decisions from the European Patent Office (EPO) and the UK Intellectual Property Office (UKIPO). Only natural persons can be inventors.

Artificial Intelligence: AI Algorithm Diagnoses Alzheimer’s Disease Better Than Experts

May 13, 2020

Alzheimer’s Disease is extremely difficult to diagnose with symptoms varying from patient to patient and opinions differing from doctor to doctor. Diagnosis typically involves the analysis of data such as the patient’s medical and family history, MRI images of the brain, and cognitive abilities. The inherent subjectivity in the diagnosis of Alzheimer’s Disease leads to errors and resulting fatalities in the range of an estimated 40,000 to 50,000 annually. However, an AI algorithm can now diagnosis Alzheimer’s Disease much more efficiently.

Venture Capital: Sequoia Leads $14.5M Round in Wealth Advisory Tool Provider Vise

May 13, 2020

Samir Vasavada and Runik Mehrotra founded Vise in 2016 intending to empower financial advisors with an AI-powered platform. The Vise platform now serves financial advisors by helping design personalized portfolios for clients, managing portfolios, and providing up to date status information. Vise raised $14.5 million in a Sequoia-led Series A funding. Reportedly, clients onboard the platform account for nearly $800 million in assets under management.

Artificial Intelligence: The AI That Powers Walmart’s Express Delivery

May 12, 2020

Walmart (NYSE: WMT) has an inventory of 160,000 items offered through its Express Delivery service that launched last month. The service is already on offer at 100 stores in the U.S. as a pilot test and will be extended to 2,000 stores this month. The system relies heavily on AI.

Artificial Intelligence: Call Centre Agents Now Get Speakeasy’s Live AI Assist

May 11, 2020

The Speakeasy AI solution prompts the call center agent with suggestions and answers. Speakeasy AI can now listen in real-time to customer and live agent conversations and provide the agent with in-call suggestions, answers, and the next best actions.

Artificial Intelligence: Mining Consumer Insights with AI-Powered Social Listening Tools

May 8, 2020

Social media listening tools, now powered by artificial intelligence (AI), are being used to discover consumer insights, measure their sentiments, and conduct marketing research. People don’t know what they want until you show it to them, said Steve Jobs. But ever so often, businesses can get a glimmer of what their consumers really want by listening to their social interactions.

Artificial Intelligence: Designing A Fair Taxation System – AI Rises to the Challenge

May 7, 2020

The AI Economist is an artificial intelligence system designed by American technology company Salesforce (NYSE: CRM). The program develops and tests the ideal tax system for a country inside a simulated environment.

Artificial Intelligence: Boeing Delivers AI-Enabled, Jet-Powered Drone to Australian Air Force

May 6, 2020

The Loyal Wingman, an unmanned jet-powered drone, could soon be flying alongside existing manned Australian military aircraft in teaming missions controlled by its artificial intelligence capabilities. Developed by Boeing Australia for the Royal Australian Air Force, it is the first to be designed, engineered, and manufactured in Australia in more than 50 years.

Artificial Intelligence: Avoid Migraine Medications with This AI-Powered App

May 5, 2020

People suffering from chronic headaches and migraines face a painful dilemma: choose between the pain or the side effects of the medications to treat the pain. Statistically, about one in seven people are prone to migraine and one in 100 suffer from chronic headaches. However, a daily training session of just 10 minutes with an AI-powered app developed by Norwegian scientists can dramatically reduce headaches.

Artificial Intelligence: Canada’s Scale AI Invests $3.4M in Eight Projects to Fight COVID-19

May 4, 2020

Scale AI invited projects that can utilize technology and AI to combat COVID-19 in Canada. There was a bumper response, and Scale received as many as 120 applications within three weeks.
Scale AI is a startup accelerator with a mission to develop a world-class Canadian AI ecosystem. It has received $230 million from the Government of Canada and $53.4 million from the Government of Quebec.

Artificial Intelligence: Barclays Bank Deploys AI With Tech Partners

May 1, 2020

Barclays Bank, UK, (LON: BARC) which is ranked 20th on the S&P Global’s list of the top 100 banks, has taken many initiatives for the use of Artificial Intelligence (AI) in its operations. Its model is to outsource the deployment to technological partners, rather than develop the software in-house.

Artificial Intelligence: The Compelling Case for an AI Stimulus Package – Tony Samp

April 30, 2020

An opinion piece in the Business Insider by Tony Samp argues in favor of a significant stimulus injection into the American AI sector. The stimulus would help in the post-COVID recovery and also deliver strategic advantages in the future.

Artificial Intelligence: AI Could Help Realize the Holy Grail of Nuclear Fusion

April 29, 2020

Scientists have been grappling with the complexities surrounding the development of a thermonuclear fusion reactor for decades. A successfully working fusion reactor could provide nearly unlimited energy. Nuclear fusion occurs naturally in the sun, but the problem is reproducing the process in the dramatically different conditions of temperature and gravity here on earth. But machine learning may change all that.

Artificial Intelligence: Medical AI in A Real-World Setting is Very Different from a Lab – Google

April 28, 2020

When Google conducted field trials of its AI system for diabetic retinopathy in Thailand, the results were an eye-opener. The first study of its kind, it evaluated how nurses use an AI system to screen patients for the disease. While lab results were highly accurate, the system encountered a lot of difficulties in real-life testing.

Artificial Intelligence: China’s 6G Plans Could Power an AI-Enabled Military

April 27, 2020

China’s military is developing 6G internet to power an AI army of the future. Mobile 6G (sixth generation) technology is 10X faster than 5G, which in turn has 10 times the transmission speeds from the widely used 4G. The 6G technology is far superior to 5G and is said to have immense potential for military applications, especially AI-related. Since November, China has two teams working on 6G and is spending billions to make its military a cyber-force.

Artificial Intelligence: MIT CSAIL Researchers Find a Way to Reduce Emissions From AI

April 24, 2020

Researchers at MIT Computer Science and Artificial Intelligence Laboratory (CSAIL) have found a more environmentally friendly way to train and operate AI models. By improving computational efficiency, they claim they can significantly reduce the amount of carbon emissions from that AI.

Artificial Intelligence: Self-driving Vehicles – the Ace up Tesla’s Sleeve

April 23, 2020

Tesla’s major advantage over other self-driving vehicles is hiding in plain sight (pardon the pun).
Tesla (NASDAQ: TSLA) uses a vision-based approach that combines its cars’ suite of cameras and AI to navigate in self-driving mode. On the other hand, autonomous rivals such as Waymo and Cruise rely on LiDAR, a technology that Tesla CEO Elon Musk is rather dismissive about: “Anyone relying on lidar is doomed.” Tesla AI Director Andrej Karpathy explains the difference in a February lecture.

Artificial Intelligence: AI and Human Rights at Crossroads; MIT Dumps iFlytek

April 22, 2020

MIT and iFlytek entered into a research collaboration in June 2018. The Chinese AI company funded various research projects under the five-year agreement. These included human-computer interaction, new approaches to machine learning, and applied voice recognition. MIT terminated this arrangement in February and did not disclose the reasons.

Artificial Intelligence: Landing AI Launches Social Distancing Detection Tool for Workplaces

April 21, 2020

Landing AI, works to empower companies to become AI-driven organizations. On April 17, Andrew Ng tweeted that the company “created this AI to help our customers in essential industries maintain social distancing in the workplace. We hope many people can benefit from these ideas.”

Artificial Intelligence: AI to Guzzle a Fifth of Global Energy by 2025; Magnetic Nanowires Could Slash That

April 20, 2020

Researchers have found that replacing silicon in neural training networks (hardware or software systems that function like human brains) by magnetic nanowires could slash energy consumption by a factor of 20X-30X. That would be a huge saving considering that data processing is expected to account for a mind-boggling 20% of global electricity consumption by 2025. At a rough calculation, that would equal to 5.5% of all CO2 emissions.

Artificial Intelligence: The Pentagon’s JAIC is Shopping For Tools to Test AI

April 17, 2020

The Joint Artificial Intelligence Centre, or JAIC, is looking for tools to test and evaluate future artificial intelligence products and certify them as safe and effective.

Artificial Intelligence: AI is Helping Itself to Get Smarter and Smarter

April 16, 2020

Software programs have now become sophisticated enough to build AI programs that can improve and build upon themselves without human intervention. In testing, the program could leapfrog decades of AI research. Perhaps a seminal achievement, the Google program called AutoML-Zero could possibly discover more about AI than humans themselves.

Artificial Intelligence: The FTC’s 5-Point Mantra for Managing AI

April 15, 2020

In a blog, the FTC emphasized its actions such as bringing suits against businesses that violate laws relating to AI and automated decision making. In particular, it cited laws such as the Fair Credit Reporting Act (FCRA), enacted in 1970, and the Equal Credit Opportunity Act (ECOA), enacted in 1974. The Commission said it used the FTC Act to avert injury to consumers from AI.
The consumer watchdog also codified its principles for the protection of consumers from AI and algorithms.

Artificial Intelligence: Apple and Google Will Partner on COVID-19 Contact Tracing

April 14, 2020

Apple (NASDAQ: AAPL) and Google (NASDAQ: GOOGL) have come together to develop smartphone technology against COVID-19. Users will be notified on their phone if they have come into contact with infected persons.