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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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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Artificial Intelligence: G7 Leaders Acknowledge Positive Potential Of AI, But Want “Guardrails”
G7 leaders have called for the establishment of “guardrails” to regulate the development of artificial intelligence (AI) at their 3-day summit in Japan that commenced today. There is a growing need for oversight of AI due to its rapid advancements and potential abuses, the leaders felt.
Alternative Investments/AI: Roundhill Unveils Generative AI ETF Amidst ChatGPT Frenzy
Roundhill Investments has launched the Roundhill Generative AI & Technology ETF, providing investors with a diversified portfolio of stocks in the generative artificial intelligence (AI) space. The launch comes in response to the success of OpenAI’s ChatGPT, a chatbot that has gained significant popularity since its release in late 2022. Microsoft Corporation (NASDAQ: MSFT) invested $10 billion in OpenAI, highlighting the potential of generative AI technology.
Artificial Intelligence: Global Telecom Company BT To Slash Headcount By 55,000, Including 10,000 Jobs Lost To AI
Telecom giant BT (LON: BT.A) has unveiled plans to reduce its workforce by up to 55,000 employees by 2030, which represents over 40% of its global employee base. The company intends to become a “leaner business” by embracing artificial intelligence (AI) and other digital technologies. Approximately 10,000 jobs are expected to be replaced by AI. BT currently employs around 130,000 staff globally, including 80,000 in the UK. It aims to reduce its total workforce to between 75,000 and 90,000 by 2030.
Artificial Intelligence: What Sam Altman Said To The Senate Panel
OpenAI CEO Sam Altman addressed US lawmakers in a Senate panel hearing, discussing various aspects of artificial intelligence (AI) and its impact on society and democracy. Altman emphasized the need for AI regulation, despite political divisions, and outlined five key points during the hearing.
Venture Capital: Industrial Robots Startup ANYbotics Lands $50M Funding
Swiss startup ANYbotics, a spinout from ETH Zurich, has raised $50 million in a Series B funding round led by Walden Catalyst and NGP Capital. ANYbotics develops four-legged autonomous robots for industrial use, specifically for inspection purposes in sectors such as oil and gas, mining, and chemicals.
Artificial Intelligence: AI Deployed To Carry Out Sound Surveys Of The Ocean
A decade-long, US$50 million project had scientists collaborating across numerous international organizations, universities, and even military entities to collect nearly 4,000 recordings across the globe.
Scientists have made a major breakthrough in using algorithms to identify marine life sounds in the ocean. Instead of relying on human interpretation, researchers recorded underwater sounds and used an algorithm to quickly identify species in a matter of minutes.
Artificial Intelligence: Amazon Will Pair AI With Regionalization To Speed Deliveries
Amazon is leveraging artificial intelligence (AI) to accelerate its delivery operations, according to a senior executive interviewed by CNBC. The company is focusing on using AI to minimize the distance between its products and customers to offer quicker shipping.
Venture Capital: AMP Robotics Raises Series C Funding From Microsoft’s Climate Innovation Fund
Microsoft’s (NASDAQ: MSFT) Climate Innovation Fund has invested in AMP Robotics Corp. (AMP), a company that applies AI, robotics, and infrastructure to the waste and recycling industry. The latest investment is part of AMP’s Series C round and brings the total funding to over $99 million.
Artificial Intelligence: Meet CarynAI, The First Influencer Transformed Into AI
The AI-powered digital replica already has 1,000 digital boyfriends who pay $1 per minute. A 23-year-old influencer named Caryn Marjorie created an AI-powered chatbot called CarynAI that mimics her voice, personality and mannerisms, with the intention of offering a “flirty and fun” experience for users. However, following its launch, the chatbot started providing sexually explicit…
Artificial Intelligence: Google Tries To Close The Gap With Microsoft On AI
Google is introducing generative artificial intelligence (AI) to its core search engine in a move to compete with Microsoft’s GPT-4 on Bing. The new feature, called Search Generative Experience, will craft responses to open-ended queries but is still in the experimental phase and only available to a limited number of users. It was announced at the search giant’s annual developer conference.
Artificial Intelligence: An AI Algorithm Predicts Risk Of Pancreatic Cancer Occurring In 36 Months (Study)
A recent study suggests that an AI tool can predict the risk of pancreatic cancer up to three years in advance by analyzing patients’ medical records. The study used an AI-based population screening method that helps identify a specific biomarker of certain diseases, which can be difficult to catch in the early stages.
Artificial Intelligence: ‘Godfather Of AI’ Warns Of Existential Risk From AI, Bigger Than Climate Change
Geoffrey Hinton, an AI pioneer, has said that artificial intelligence poses a more pressing threat to humanity than climate change. He was speaking to Reuters in an interview. “I wouldn’t like to devalue climate change. I wouldn’t like to say, ‘You shouldn’t worry about climate change.’ That’s a huge risk too,” he said to Reuters. “But I think this might end up being more urgent.”
Artificial Intelligence: Warren Buffett On AI – The Genie Has Been Unleashed
At the Berkshire Hathaway (NYSE: BRK.A) annual meeting on Saturday, Warren Buffett and Charlie Munger shared their thoughts on artificial intelligence (AI). Buffett acknowledged AI’s “amazing” capabilities but said he was worried about its potential long-term impact on society, citing the example of the atom bomb.
Artificial Intelligence: Language Models Such As Those That Power ChatGPT May Boost Antibodies
Scientists have shown that generative artificial intelligence (AI) can increase the effectiveness of antibodies against viruses like SARS-CoV-2 and ebolavirus. The technology, which utilizes so-called large language models, is a shortcut through a laborious process that requires isolation of antibody molecules from the blood of people who have recovered from COVID-19.
Artificial Intelligence: CMA, The UK’s Antitrust Watchdog, Launches An Investigation Into Generative AI
The UK’s Competition and Markets Authority (CMA) has announced a review of the artificial intelligence (AI) market, as concerns mount over the use of AI tools for the dissemination of false or misleading information. The CMA’s review will examine the foundational, or underlying systems that support AI tools such as OpenAI’s ChatGPT.
Venture Capital: Network Software Provider Mavenir Lands $100M
Telco network focused, cloud-based software developer Mavenir has closed on a $100 raise that will enable it to advance digitization of its clients with software including IMS, Converged Packet Core and Open RAN, and artificial intelligence.
Artificial Intelligence: Top Tech Leaders To Meet In The White House To Discuss AI Safety
Top executives of the biggest technology companies, including Google (NASDAQ: GOOGL), Microsoft (NASDAQ: MSFT), OpenAI, and Anthropic, have been summoned on Thursday to a meeting at the White House to discuss critical issues concerning artificial intelligence (AI).
Venture Capital: Delivery Drone Maker Zipline Lands $330M Series F Round
Drone delivery startup Zipline has raised $330 million in a Series F funding round, increasing its valuation to $4.2 billion, up from $2.7 billion two years ago. The company’s autonomous delivery drones were first deployed in Rwanda in 2016 and later expanded to Ghana, Cote d’Ivoire, Japan, Kenya, and Nigeria.
Artificial Intelligence: Innovative AI Technology Deciphers Brain Activity To Generate Text Without Surgical Implants
Researchers at the University of Texas at Austin have developed an artificial intelligence system called a semantic decoder that can transform an individual’s neural signals, either while they are listening to a narrative or mentally visualizing narrating a story, into a coherent and uninterrupted text.
Venture Capital: Top VCs Lap Up OpenAI’s $300M Tender Offer Of Shares
OpenAI, the startup that created ChatGPT, a widely used conversational AI model, has reportedly gained new financial backers, including Tiger Global, Sequoia Capital, Andreessen Horowitz, Thrive and K2 Global. The venture capital (VC) firms have invested more than $300 million at a valuation of $27 billion – $29 billion.
Artificial Intelligence: AI Pioneer Geoffrey Hinton Quits Google
Geoffrey Hinton, known as the “Godfather of AI,” has left Google (NASDAQ: GOOGL), where he worked for over a decade, to freely speak out about the risks of artificial intelligence (AI). Hinton, a lifelong academic whose career was driven by his personal convictions about the development and use of AI, is among a growing number of critics who claim that tech companies are racing toward danger with their aggressive campaign to create products based on generative AI.
Venture Capital: As Generative AI Booms, Pinecone Lands $100M Series B
Pinecone Systems Inc. has secured $100 million in funding in a recent investment round led by Andreessen Horowitz, which puts the company’s valuation at $750 million. The New York-based startup provides vector data storage for large language models that form a core component of the infrastructure that supports AI tools.
Artificial Intelligence: Norway’s Oil Fund Calls For Governmental Regulation Of AI
The CEO of Norway’s $1.4 trillion wealth fund, also known as its oil fund, has urged governments to regulate the use of artificial intelligence (AI) and announced plans to set ethical guidelines for the 9,000 companies in which it invests.
Artificial Intelligence: Could ChatGPT Provide Therapy To Mental Illness Patients?
ChatGPT, an AI-powered chatbot developed by OpenAI, has become a popular option for those seeking mental health advice. The chatbot, which can mimic human conversation, scrapes its answers from the internet to offer a range of advice to those with anxiety or depression, among other conditions.