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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 To Trawl Medical Data Troves To Identify ‘Cause And Effect’, Sharpen Diagnosis

February 6, 2020

There is a vast store of data from medical observational studies or randomized controlled trials accumulated over the decades. What if we could deploy an AI algo to scour this data for new illumination on “cause and effect”? Get fresh insight on symptoms and the likely disease?

Artificial Intelligence: AI Fintech AiX Wants To Put Voice Brokers Out of Business

February 5, 2020

London-based fintech AiX has developed an artificial intelligence-based chatbot system that ‘talks’ to human traders at banks and institutions. It relies on natural language processing and cognitive reasoning to function as a human voice broker.

Artificial Intelligence: How to Invest in The Next Big Thing

February 4, 2020

Buy a piece of the looming tsunami of growth in the AI market by investing today. Artificial intelligence, or AI, is the fourth industrial revolution. The steam engine heralded the first industrial revolution, the second was mass manufacturing through electricity, and the third was computers. According to data from Fortune Business Insights, the size of the global AI market may grow to $202.6 billion by 2026, up from $20.7 billion in 2018. (USA Today)

Artificial Intelligence: Lt. Gen. Jack Shanahan, Pentagon’s AI Chief to Retire

January 31, 2020

The Pentagon is due to announce today the retirement in summer of Lt Gen Jack Shanahan, the first Director of the Pentagon’s Joint Artificial Intelligence Centre (JAIC), says C4ISRNET.
In this position, Shanahan has been responsible for accelerating the delivery of artificial intelligence-enabled capabilities, scaling the department-wide impact of AI and synchronizing AI activities to expand joint force advantages.

Artificial Intelligence: AI Joins Battle Against Skin Cancer

January 30, 2020

Artificial intelligence (AI) is helping in the diagnosis of skin cancers such as melanoma.
It’s early days yet, but artificial intelligence is proving to be a promising resource in the early diagnosis of skin conditions, especially cancer.
“We are just beginning to scratch the surface of what is possible,” says Bobby Buka, MD, CEO of The Dermatology Specialists in New York.

Artificial Intelligence: Microsoft’s $40 Million Healthcare AI Program

January 30, 2020

Microsoft announced Wednesday its AI for Health, a new $40 million, five-year program that will use artificial intelligence to solve the world’s toughest challenges in health.
“Through AI for Health, Microsoft will work to ensure that nonprofits, academia, and research organizations have access to the latest technology, resources, and technical experts to help implement AI to accelerate research, generate insights and improve access to care,” the company said in a statement.

Artificial Intelligence: AI-enabled Monitors Detect Secret Energy Guzzlers In Your Home

January 28, 2020

AI-enabled Monitors Detect Secret Energy Guzzlers In Your Home. A study of Wisconsin households by Alliant Energy finds that most homes could save as much as $300 annually by unplugging the so-called “phantom” energy guzzlers.

Artificial Intelligence: Google CEO Sundar Pichai Calls for “Sensible Regulation”

January 22, 2020

Google CEO calls for regulation of artificial intelligence

Artificial Intelligence: Chinese Think Tank Doesn’t Think AI and Robots Will Destroy Jobs

January 15, 2020

The Chinese people need have no fears that their jobs would be taken over by artificial intelligence and robots says a government report.
According to a report by The Chinese Academy of Social Sciences, artificial intelligence (AI) is unlikely to put millions of Chinese out of jobs. On the contrary, a report from the Chinese government’s think tank says additional jobs would be created due to the adoption of AI.

Artificial Intelligence: Warner Bros Will Use AI to Decide Which Films to Make

January 10, 2020

Artificial intelligence gets a foothold in Hollywood. Warner Bros has signed on L.A-based startup Cinelytic to use the latter’s AI-based film management system, according to an exclusive from The Hollywood Reporter.
Cinelytic’s system will enable the studio to make quicker and more data-driven decisions on which films to put on the production floors.

Artificial Intelligence: AI Can Detect Brain Cancer In Minutes With Patient Lying on The Operating Table

January 9, 2020

A new optical imaging technique used together with an artificial intelligence (or AI) algorithm accurately diagnoses the presence, or otherwise, of a brain tumor in under two minutes. New research published Monday in Nature Medicine said the AI-based diagnosis was 94.6% accurate compared to the 93.9% accuracy from the standard lab-based procedure.

Artificial Intelligence: The White House Guides on the Regulatory Approach to AI

January 9, 2020

The White House on Tuesday enunciated ten principles to guide federal agencies in the development of laws and regulations addressing artificial intelligence (AI), reported The Hill.
The Memorandum issued by the White House makes it clear that the regulations are a step forward in the drive to ensure America remains a global leader in AI.

Venture Capital: AI+Fintech+SaaS Startup HighRadius Achieves Unicorn Status

January 8, 2020

AI+Fintech+SaaS Startup HighRadius Achieves Unicorn Status. HighRadius is a Fintech enterprise Software-as-a-Service (SaaS) company that leverages Artificial Intelligence-based autonomous systems to help companies automate their Accounts Receivable and Treasury processes. It raised $125 million in a Series B growth funding round led by ICONIQ Capital. Existing investors Susquehanna Growth Equity and Citi Ventures also participated.

Artificial Intelligence: Using Augmented Reality (AR) to Record the Skills of Retiring Workers For Posterity

January 7, 2020

Could the skills of retiring workers be lost before the next generation learns from them?
That danger no longer exists with developing technologies such as Augmented Reality (AR) and Artificial Intelligence (AI). PTC’s president and CEO Jim Heppelmann says the company has devised an innovative technology to train both existing employees and the next generation of workers.
PTC’s Vuforia Expert Capture system enables expert workers to record their performance of a task using a wearable AR device such as the Microsoft HoloLens.

Artificial Intelligence: Do the Risks Outweigh the Recent Hype?

January 6, 2020

Artificial intelligence supremacy has become a hot topic in recent weeks in the medical community. This week, the journal Science Translational Medicine published research on the advancements of AI in the detection of bowel cancer.

Artificial Intelligence: Walmart’s Cutting Edge Use of AI and Machine Learning in Retail

December 20, 2019

Walmart straddles both brick-and-mortar and online, giving it a unique tech perspective. In new applications, Walmart uses machine learning, barcode technology, facial recognition, IoT, and RFID to enhance the shopping experience. Earlier this year, Walmart unveiled its store of the future at the Neighborhood Market in Levittown, New York.

Artificial Intelligence: AI Makes Steady Inroads Into the US Economy

December 19, 2019

Stanford University’s latest report, AI Index, provides useful insights into the progress of AI.
According to the report, Singapore, Brazil, Australia, Canada, and India experienced the fastest growth in AI hiring from 2015 to 2019. However, in the US, the share of jobs in AI-related topics increased from 0.26% of total jobs posted in 2010 to 1.32% in October 2019.

Artificial Intelligence: Gecko Robotics Scoops up $ 40 Million in Series B Funding

December 17, 2019

Gecko Robotics Scoops up $ 40 Million in Series B Funding. Gecko will use the money to develop industrial inspection robots.
Investors that plugged into Gecko Robotics’ $ 40 million series B funding included marquee names such as Peter Thiel’s Founders Fund, Y Combinator, and Next47. Also opening up their wallets were Mark Cuban, SoftBank senior managing partner Deep Nishar, and Gusto CEO Josh Reeves. Drive Capital led the raise.

Artificial Intelligence: Accenture Study Says Banks Could Save $70 Billion Using AI

December 16, 2019

The financial industry, including banks, could save hundreds of billions of dollars using automation and AI.
Accenture’s report issued last week says North American banks could save more than $70 billion by 2025. The whole financial services industry could cut costs by $87 billion to $140 billion by 2025. AI and automation could be deployed to help or replace employees.
By 2025, 7% to 10% of tasks will get automated, the report estimates. These tasks include those performed by loan officers, personal financial advisers, tellers, and customer service representatives.

Artificial Intelligence: AI May Put the Finishing Touches to Beethoven’s Tenth

December 16, 2019

A year of celebrating Beethoven’s 250th birthday starts today.
The celebrations begin today in Bonn with the inauguration of Beethoven’s home as a museum after extensive renovations. This 250th year of Beethoven’s birth may be notable also in the annals of artificial intelligence (AI). That’s because machine learning algorithms will try to write the final notes of the legendary composer’s unfinished 10th symphony.

Artificial Intelligence: Why Wall Street Jobs Are Vulnerable to AI

December 13, 2019

A Wells Fargo report said robots would take away 200,000 banking jobs in the next decade. What about trading and advisory jobs on Wall Street?
The House Financial Services Committee’s Task Force on Artificial Intelligence met last week to consider the impact of AI on Wall Street jobs.

Artificial Intelligence (AI) Improves MRI Detection of ADHD

December 12, 2019

Deep learning, a kind of AI applied on MRI scans improved ADHD detection significantly.
The University of Cincinnati College of Medicine and Cincinnati Children’s Hospital have developed an AI system to help detect ADHD.

Artificial Intelligence: Banks Can Leverage AI For a $450 Billion Bonanza

December 11, 2019

Banks could save a humongous $447 billion by 2023 by deploying artificial intelligence (AI), says the AI IN BANKING research report from Business Insider Intelligence.
Of this, front office banking AI applications could yield $199 billion, middle office $217 billion and the back office $31 billion.

Is the Oil and Gas Industry Slow on the AI Uptake?

December 3, 2019

Considering that the world is awash in oil, the oil and gas industry should deploy artificial intelligence (AI) to improve efficiencies and cut costs.
The lackadaisical adoption of artificial intelligence (AI) by the oil and gas industry is surprising, says an article in the Houston Chronicle by Chris Tomlinson.