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.
Chinese AI company Parametrix.ai has raised $100 million in a Series B round led by Sequoia China and joined by existing investors 5Y Capital and Gaorong Capital. Though the valuation was not disclosed, Parametrix has joined the hallowed unicorn club (>$1 billion) after the funding.
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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.
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.
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.
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.
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.
A documentary on the late chef Anthony Bourdain, Roadrunner: A Film About Anthony Bourdain, will open in theatres on Friday. Morgan Neville, who made the film, used AI to convert some words Bourdain wrote, but never spoke, into speech. The move to artificially clone the voice of the renowned chef, who died by suicide in 2018, provoked a media backlash.
It has been a challenge to study narwhals, the elusive and mysterious whales in the Arctic seas that sport a long unicorn horn on their snouts. They are known to hunt for food up to a thousand meters below the surface of the sea. However, researchers from the University of Copenhagen and the Greenland Institute of Natural Resources have deployed artificial intelligence (AI) to unravel the foraging secrets of the narwhals.
AI technology developed by researchers Professor Guy Brown and Dr. Ning Ma from the Speech and Hearing Research Group at the University of Sheffield, UK, can now monitor snoring levels and detect sleep disorders, including obstructive sleep apnoea (OSA).
The Berkshire Hathaway Homestate Companies (BHHC), a group of six insurance carriers that are part of the Berkshire Hathaway insurance group, will use Zesty.ai’s AI-driven models that predict climate risks for specific properties.
Medicircle Health, a Mumbai-based diagnostic company, launched this week SpectraLIT, a portable device that instantly detects Covid-19 from the patient’s nasal or mouthwash sample.
The Saildrone Surveyor, an unmanned, fully autonomous vehicle designed for deep-ocean mapping, completed its maiden voyage from San Francisco to Honolulu on Thursday, July 8. The 14-ton, 22-meter long Surveyor used wind and solar energy to power its 2,250 NM voyage and array of acoustic instruments.
Micron Technology, Inc. (NASDAQ: MU), a manufacturer of memory chips, uses an AI tool to earn millions of dollars of extra income on its treasury operations that deploy the company’s surplus cash in deposits and investments.
An AI tool developed by researchers from Queen Mary University of London has established that larger amounts of fat surrounding a person’s heart indicate the higher probability of diabetes regardless of the person’s age, sex, and body mass index. The AI tool could automatically estimate the amount of fat around the heart from MRI scan images.
SITA, a specialist in air transport communications and IT, has an AI-powered solution that helps resolve that chronic problem for airlines and passengers alike: lost luggage and articles. The manual process for reporting, matching, recording and return of these items to their owners is slow, opaque, expensive and stressful. The WorldTracer Lost and Found Property software program from SITA solves this problem on a global scale.
Researchers at the University of Houston’s Air Quality Forecasting and Modelling Lab have achieved a breakthrough in predicting the levels of ozone in the Earth’s troposphere, the lowest level of our atmosphere. Their new artificial intelligence system, which forecasts these ozone levels up to two weeks in advance is a huge improvement on current methods that can do so for only three days ahead.
Pitney Bowes (NYSE: PBI), a technology company that powers billions of transactions across the world of e-commerce, shipping, and mailing, announced the deployment of AI-powered robots to speed parcel sortation to last-mile delivery providers on behalf of its e-commerce clients. These automated parcel sorting systems from Ambi Robotics use AI to efficiently sort hundreds of thousands of unique parcels.
The North Atlantic Treaty Organization (NATO), a defence alliance comprising 30 European and North American countries, announced its intention to back startups for developing technologies that could give it an edge in defense and warfare. NATO will launch a a startup accelerator programme and a €1 billion investment fund targeted at high-technology startups.
Rembrandt’s famed masterpiece, “The Night Watch,” an icon of the Netherlands that hangs in the Rijksmuseum in Amsterdam, is not the whole work as painted by the artist. In 1715, sections of varying widths were cut off from all sides of the painting to fit on a wall between two doors in the city’s Town Hall. The massive painting, now sized about 15 feet wide by 13 feet high, occupies pride of place in the Rijksmuseum. However, using AI, the public can now see the work nearly whole, and as intended by Rembrandt when he painted it in 1642.
Ping An Insurance (Group) Company of China, Ltd. (SSE: 601318) announced Monday that research by Ping An Healthcare Technology Research Institute and Tsinghua University was successful in the development of a deep learning framework for drug discovery that learns molecular representations from large volumes of unlabelled molecules.
The Mayflower, a crewless, captain-less trimaran, which embarked on a landmark, fully autonomous transatlantic crossing on June 15, has had to return to base after suffering a glitch, said to be minor. A collaboration between research organization Promare and IBM (NYSE: IBM), the Mayflower Autonomous Ship (MAS400) was to dock at Plymouth, Mass., the town where pilgrim travelers settled in 1620, after crossing the Atlantic.
At Canon Innovation Technology’s Beijing office, the workplace management system relies on AI-powered facial recognition instead of key cards. Last year, the Japanese tech giant incorporated a “smiling face technology” into the system that makes it mandatory for employees to smile into the camera to qualify for entry. Canon Innovation is a subsidiary of Canon, Inc (TYO: 7751).
Tractable, an AI company that works with insurers to accelerate claims processing, announced today its Series D round of $60 million led by Insight Partners and Georgian. The round tagged Tractable with a value of $1 billion, making the startup the world’s first computer vision ‘unicorn’ for financial services.
The 37,000-acre Tubbs Fire, in 2017, was the most destructive wildfire in California’s history. According to Sam Wallis, a community alert and warning manager in Sonoma County, California, it was “an absolutely massive and fast-moving fire that we had no way of tracking.” But he now has help from ALERTWildfire, a system of artificial intelligence and sophisticated cameras to help him tackle fires before they rage out of control.