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.
Top Story
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.
Get Daily Updates
Subscribe to DailyAlts Today to get Alternative Investment news, insight, and commentary delivered straight to your inbox every day.
More Stories on Artificial Intelligence
Venture Capital: Serve Robotics, The High-Growth Maker Of Delivery Robots, Scores $30M Fund Raise
Serve Robotics Inc., the well-known autonomous sidewalk delivery company, has revealed a significant step in its growth strategy, announcing a successful financing round that secured $30 million in funds. This funding brings the total capital raised by Serve to more than $56 million since its inception in 2021.
Artificial Intelligence: Chinese Internet Companies Place Billions Of Dollars’ Worth Of Orders For Nvidia AI Chips
China’s internet giants, including Baidu (HKG: 9888), ByteDance, Tencent (HKG: 0700), and Alibaba (HKG: 9988), are aggressively purchasing Nvidia (NASDAQ: NVDA) chips valued at $5 billion to build generative artificial intelligence systems. This rush is fueled by concerns that the US might impose new export controls.
Artificial Intelligence: An AI-Powered Microscope Detects Malaria Parasites With 88% Accuracy
A new high-tech microscope utilizing AI technology has been developed to detect malaria in returning travelers. Malaria, caused by Plasmodium parasites, results in millions of illnesses and hundreds of thousands of deaths annually.
Artificial Intelligence: Disney Exploring Company-Wide Deployment Of AI
Disney (NYSE: DIS) has established a task force to explore the applications of artificial intelligence (AI) across its entertainment conglomerate, including Walt Disney Studios, theme parks, television, and advertising. This move comes amidst concerns within the Hollywood industry about the potential exploitation of AI, with writers and actors recently going on strike over these issues.
Artificial Intelligence: The DHS Is Using Facial Recognition To Mass Solve Old Child Abuse Cases
The Department of Homeland Security (DHS) is utilizing facial recognition technology, including Clearview AI, to address and solve thousands of cold cases related to child exploitation. In a recent operation, initiated by a request from U.K. police, the DHS Homeland Security Investigations (HSI) unit employed facial recognition to identify a man and an infant in a sexually explicit video. This led to the identification of Scott Barker, who was subsequently arrested and charged with child exploitation.
Artificial Intelligence: AI May Come To The Aid Of Canadians Who Defend Themselves In Court
AI technology is being considered for use by Canadians representing themselves in court to improve their legal success. Specially trained generative AI could assist in reviewing court cases, drafting legal documents, and suggesting next steps.
Venture Capital: AI-Assisted Industrial Management Platform Tractian Lands $45M
Tractian, a leading industrial IoT and enterprise asset management software company, has secured $45 million in growth capital. The funding, led by General Catalyst and involving existing investor Next47 and strategic angels like Ronan de Hooge and Ron Gill, aims to transform the work of maintenance professionals through their hardware-software solution. With over 1,000 industrial plants using Tractian’s asset monitoring system, the company is set to expand its customer base and invest in technological innovation for maintenance operators.
Artificial Intelligence: Uber’s App Will Soon Get An AI-Powered Chatbot
Uber Technologies Inc. (NYSE: UBER) is currently in the process of creating an AI-powered chatbot to be seamlessly integrated into its app, aligning with the growing trend among companies to leverage language tools for enhancing customer service, marketing, and other automated functions.
Artificial Intelligence: Hyundai, Samsung Back Nvidia Challenger Tenstorrent In $100M Raise
Canadian startup Tenstorrent, led by chip industry veteran Jim Keller, announced that it has secured $100 million in funding from Hyundai Motor Group, Samsung’s (KRX: 005930) investment fund, and other investors. Prior to this round, Tenstorrent had already raised $234.5 million and achieved a valuation of $1 billion. The company aims to challenge Nvidia (NASDAQ: NVDA), the leading provider of AI chips for products like ChatGPT.
Artificial Intelligence: AI-Empowered Screening For Breast Cancer Can Halve Radiologists’ Workload (Study)
The world’s most comprehensive trial on the use of artificial intelligence (AI) in breast cancer screening has yielded promising results, suggesting that AI is safe and can reduce the workload of radiologists by almost 50%. Breast cancer is a significant global health issue, affecting over 2.3 million women annually. Early detection through screening can improve prognosis and reduce mortality rates.
Venture Capital: Google Launches VC Fund In Asia Focused On Female-Led AI Startups
Google (NASDAQ: GOOGL) has launched the Google for Startups Women Founders Fund, a fund dedicated to supporting female-founded startups in the Asia-Pacific region, where women often face challenges in business. The fund will provide $100,000 in equity-free cash to six startups this year, focusing on India, Japan, and South Korea initially, and later expanding to other Asia-Pacific markets.
Venture Capital: AWS And Accel Lend A Hand To Generative AI Startups In India
Amazon Web Services (AWS) and Accel have announced ML Elevate 2023, a six-week accelerator program to empower Indian startups building generative AI applications. Selected startups will receive access to impactful AI models, technical and business mentorship, resources, and up to USD 200,000 in AWS Credits.
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.