AINewsWire Archives - Page 44 of 49

FridayApr 05, 2024 10:00 am

Could Wearable AI Soon Render Smartphones Obsolete?

Wearable artificial intelligence (AI)-powered tools could potentially make smartphones obsolete. The modern smartphone is a major technological marvel that allows us quick access to our friends and family as well as the internet and all the knowledge it holds. In slightly more than two decades, touchscreen smartphones have gone from clunky pieces of technology with barely any market penetration to minicomputers capable of accessing petabytes of online data and connecting people all over the world with a simple tap. There are now more than 310 million smartphone users in America and an estimated 6.84 billion smartphones globally, making the technology…

WednesdayApr 03, 2024 10:00 am

Amazon Makes Additional $2.75B Investment in AI Company

Last week, Amazon announced that it would be injecting another $2.75 billion into artificial intelligence (AI) safety and research company, Anthropic. Anthropic is one of the many companies taking part in the AI revolution, competing against others such as OpenAI, an AI research organization credited for making ChatGPT. The additional investment by Amazon comes after its first investment of $1.25 billion, which was made in September last year. In a statement, Amazon Web Services’ VP of data and machine learning services, Swami Sivasubramanian, stated that generative artificial intelligence was set to become the most transformational technology of this generation. He…

MondayApr 01, 2024 10:30 am

D-Wave Quantum Inc. (NYSE: QBTS) Announces Upcoming Fourth Quarter Financial Results and Conference Call

D-Wave will release its financial results for the fourth quarter and fiscal year 2023 before market open on Thursday, March 28, 2024 D-Wave will host a conference call on March 28, 2024, at 8:00 a.m. (Eastern Time) to address the company’s financial performance and strategic outlook CEO Alan Baratz and CFO John Markovich will participate in the conference call discussion D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services, recently announced the scheduled release of its financial results for the fourth quarter and fiscal year 2023, which concluded on December 31, 2023. The release is set…

MondayApr 01, 2024 10:00 am

Start-Up Raises Millions in Seed Funding to Train AI to Make Decisions Like Humans Do

A London-based, deep-tech start-up recently raised $2.9 million in funding to train artificial intelligence to make decisions in the same way that human beings do. Stanhope AI, which has a robust background in robotics, neuroscience and fintech, was founded as an independent entity from University College London. Renowned names in artificial intelligence research and neuroscience involved in its formation include Professor Rosalyn Moran (current CEO, active inference specialist); Professor Karl Friston of the UCL Queen Square Institute of Neurology (current director); and Dr. Biswa Sengupta (current technical advisor, specialized in dynamical systems, energy optimization and efficiency). The start-up is pioneering…

WednesdayMar 27, 2024 10:00 am

Frustrated by Celebs, Spanish Company Reaps Benefits of Switching to AI Model

The Clueless, an artificial intelligence (AI) modeling agency in Spain, has designed an AI model known as Aitana. The model was designed by Rubén Cruz, who is also the founder of The Clueless. In an interview, Cruz explained that after discovering that most projects were cancelled or put on hold due to issues with models or influencers and client numbers were dwindling, the agency decided to switch to artificial intelligence. Using AI, the company created its own influencer to use as a model for brands they worked with. Aitana is seen as a pink-haired, 25-year-old woman from Barcelona. The company’s…

MondayMar 25, 2024 10:00 am

Nvidia Unveils Latest AI Chip

Nvidia Corp. (NASDAQ: NVDA), a multinational corporation and technology company, recently launched its latest artificial intelligence (AI) chip. In its announcement, the company claimed that this AI chip could carry out some tasks 30 times faster than its predecessor. Nvidia holds an 80% market share and is focused on becoming the dominant player in the market. It is currently the third most valuable company in the United States after Apple and Microsoft. Over the last year, Nvidia’s shares have surged 240%, with its market value hitting $2 trillion in February 2024. Nvidia CEO Jensen Huang discussed new software tools in…

FridayMar 22, 2024 10:00 am

Morgan Stanley Appoints Head of AI as Wall Street Seeks to Leverage Technology

In a recent move, Morgan Stanley appointed a new head of artificial intelligence. The appointment, as stated in a memo by the bank’s copresidents, Dan Simkowitz and Andy Saperstein, will help guide the implementation of artificial intelligence across the company. Jeff McMillan, a former tech executive in the bank’s wealth management division, is now the new head of AI. Prior to this appointment, McMillan had led Wealth Management’s Analytics, Data & Innovation organization. He played a significant part in driving the technological evolution of wealth management. This development comes after the bank, in 2023, became the first major company on…

ThursdayMar 21, 2024 9:45 am

D-Wave Quantum Inc. (NYSE: QBTS) Announces Go-to-Market Growth Strategy and Upcoming Participation in 36th Annual Roth Conference

D-Wave’s new go-to-market (“GTM”) growth strategy, initially focused on key verticals, including logistics, manufacturing, and government, is expected to accelerate the adoption and deployment of commercial quantum technologies The GTM approach reinforces the value of the company’s unique annealing quantum computing solutions, which help organizations solve highly complex computational problems today According to Hyperion Research, over 80% of enterprises are expected to increase their investments in quantum computing over the next two to three years, with logistics and supply chain management identified as top sectors to benefit from quantum computing capabilities D-Wave Quantum (NYSE: QBTS), a leader in quantum computing…

WednesdayMar 20, 2024 10:00 am

Countries File Proposed AI Resolution to United Nations

Last week, Linda Thomas-Greenfield, U.S. ambassador to the United Nations, stated that artificial intelligence had the potential to shape the society, economies and the world for the better. Thomas-Greenfield, together with 40 other U.N. member states, revealed that the United States has introduced an initiative that would ensure that AI’s benefits extended around the world to nations. The initiative requested that United Nations member states promote secure, safe and trustworthy artificial intelligence systems to address challenges that affect countries around the globe. Those challenges include issues related to health, poverty and its elimination, education, energy, climate and food security. Thomas-Greenfield…

MondayMar 18, 2024 10:00 am

Xi Jinping Looks to Tap Unmanned Tech, AI to Bolster China Military

President Xi Jinping recently ordered the armed forces to develop new combat capabilities, hinting to the use of AI (artificial intelligence). Speaking at the National People’s Congress meeting, the Chinese president requested military forces to promote innovation in a bid to improve strategic capabilities within new fields. During that meeting, military representatives discussed various topics, from the use of artificial intelligence to the development and use of unmanned combat systems as well as cyberspace’s defense capabilities. National Policy Foundation’s Chung Chieh stated that from the president’s comments at the meeting as well as in the past, he seemed to be…

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