NewsRoom Articles - Page 28 of 33

WednesdayApr 17, 2024 10:00 am

AI Could Soon Replace Lower-Cadre Employees in Financial Institutions

According to a recent report, financial service companies such as Morgan Stanley and Goldman Sachs have been testing AI tools that could leave some individuals unemployed. Investment companies and banks globally are currently considering the replacement of entry-level positions with AI, with more than one-half of these positions set for scrapping. This may transform how companies hire new employees entirely as well as how they deliver the technology used by their employees. Goldman Sachs estimates that about 300 million workers may be affected by the adoption of artificial intelligence in the workplace. One of the primary reasons why artificial intelligence…

MondayApr 15, 2024 10:00 am

Elon Musk Says AI Will Be Smarter Than Humans by 2025

Earlier this week, Tesla CEO Elon Musk forecasted that by 2025 or 2026, artificial intelligence would have gotten smarter than humans. In an extensive interview on X spaces, the billionaire told Nicolai Tangen of Norway Wealth Fund that artificial intelligence was constrained by electricity’s limited availability. Musk then revealed that by next month, the new version of Grok would be trained. Grok is an artificial intelligence chatbot designed by Musk’s xAI start-up. He founded xAI in 2023 as a challenger to OpenAI, which he’s taken to court for casting aside its original mission to develop artificial intelligence for humanity’s benefit…

FridayApr 12, 2024 10:00 am

Company Executives Say AI Will Replace Jobs in Next Five Years

A recently conducted survey has determined that artificial intelligence use will decrease the number of workers at thousands of companies over the next five years. Two thousand executives took part in the survey, which was carried out by Adecco Group, a Swiss staffing company, in collaboration with Oxford Economics. The survey also found that 41% of executives expected to employ fewer individuals because of the advancements in technology. The poll’s results show the potential for artificial intelligence, which can create original images, text and other content in response to prompts, to revolutionize how individuals work and employment in general. In…

WednesdayApr 10, 2024 10:00 am

AI Study Shows Personalities Impact Gene Expression

New research has found that personalities alter how genes are expressed in an individual. The research, which utilized artificial intelligence, has illuminated how the mind and body interact. For their research, the investigators assessed how the personality of an individual and their outlook on life alters gene expression and affects their wellness and health. This is the first study to measure the entire genome’s transcription in proportion to personality. Investigators led the inter- and multidisciplinary study from the UGR’s Department of Computer Science and Artificial Intelligence, the Andalusian Interuniversity Research Institute in Data Science & Computational Intelligence, and the Biohealth…

MondayApr 08, 2024 10:30 am

D-Wave Quantum Inc. (NYSE: QBTS) Announces Financial Results and Operational Updates for Q4 and Full Year Ending December 31, 2023

Bookings and revenue for the full year, as well as Q4 YOY, showed significant increases, with a number of operational and technical developments and market achievements Key additions to the leadership team include Lorenzo Martinelli as Chief Revenue Officer and Dr. Trevor Lanting as Chief Development Officer. Sec. Kirstjen Nielsen, former Secretary of Homeland Security, has joined the Board of Directors D-Wave's current commercial product offerings include Advantage(TM), its fifth-generation quantum computer, the Leap(TM) quantum cloud service, the Launch(TM) quantum computing onboarding service, the Ocean(TM) suite of open-source programming tools, and the Quantum QuickStart(TM) quantum programming training D-Wave Quantum (NYSE:…

MondayApr 08, 2024 10:00 am

Ukraine Is Using AI-Supported Drones to Sabotage Russian Energy Systems

Ukraine is using artificial intelligence-assisted drones to fight back against Russia's much larger war machine by sabotaging the country's critical energy systems. When Russia first invaded Ukraine in February 2022, many experts assumed the conflict would be a short affair with Russia coming out on top. The Kremlin has a significantly larger army, deeper pockets and more energy reserves than needed to fight a relatively small country such as Ukraine. Or at least that’s what people thought, with many pundits predicting that Ukraine would fall in a few weeks to months at most. However, with ingenuity born of desperation and…

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…

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