Artificial Intelligence: Rockefeller Foundation Partners With Atlas AI And e-GUIDE To Boost Economic Development In Africa

https://dailyalts.com/wp-content/uploads/2022/09/AGRA-KALRO-Day02-5_0845a436d05b176099acdc345b256989c56d2c77_Medium_res.jpg

The new $ 5.5 million collaboration launches in Kenya, Nigeria, Rwanda, and Uganda.

The Rockefeller Foundation will leverage machine learning technology and satellite data in a new $ 5.5 million collaboration with e-GUIDE and Atlas AI to boost economic development and build climate resilient infrastructure across sub- Saharan Africa. An innovative digital platform will make available valuable insight into agriculture, energy, and transportation sector development conditions, initially in Kenya, Nigeria, Rwanda, and Uganda. The information (“dynamic situational awareness of local conditions”) will enable policymakers to prioritise infrastructure development, promote economic opportunities, and mitigate community vulnerabilities in these sectors. (CISION PR NEWSWIRE)

“While data science has been used to improve individual development projects, we haven’t yet unlocked its potential to improve development at a systems level — which is critical, because efforts to drive change in energy, agriculture, and transportation must be integrated in order to make opportunity universal and sustainable,” said Zia Khan, Senior Vice President of Innovation at The Rockefeller Foundation.

e-GUIDE has successfully utilised AI to predict electricity consumption in Africa and measured its efficient use in Africa’s agricultural sector.

Atlas AI was established 2018 by The Rockefeller Foundation and a team of Stanford University professors. It uses data from a range of planetary sensors along with deep learning AI technologies to monitor changes to global economic and social well-being.

 Atlas AI builds hyper- local socio-economic data sets, predictive analytics models and software platforms that enhance policy and investment decisions.

“For more than a decade, the scientific community has been demonstrating the use of data from new sensors like satellites along with AI technologies to measure specific development indicators such as the performance of staple crops, the wealth accumulation of households, and the pace of electrification,” said Abe Tarapani, CEO of Atlas AI.

The collaboration on Africa between The Rockefeller Foundation, e-GUIDE, and Atlas AI is envisaged over a period of three years.

Related Story: UNDP To Launch “Timbuktoo,” A $1B Investment Initiative For African Startups

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2023/12/AMD_headquarters_santa_clara.624da707519a6.jpg
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
December 7, 2023     Artificial Intelligence, News

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…

https://dailyalts.com/wp-content/uploads/2023/12/RHCEU-Inline.jpg
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
December 7, 2023     Digital Assets, FinTech, News

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…

https://dailyalts.com/wp-content/uploads/2023/12/Samsung_UK_Samsung_Pay_Lifestyle_0552-revised-Pictogram-23.11.30-1024x744-1.png
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
December 7, 2023     FinTech, News

Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…

https://dailyalts.com/wp-content/uploads/2023/12/Revaia-founders.jpg
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
December 7, 2023     ESG and Sustainability, News, Venture Capital

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…