NewsRoom Articles - Page 49 of 53

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…

FridayMar 15, 2024 10:30 am

Salesforce Announces AI Tools to Help Doctors

Last week, Salesforce Inc. (NYSE: CRM) announced new AI solutions that could reduce workloads for healthcare workers. Salesforce is a cloud-based software company headquartered in San Francisco. The company offers customer relationship management software and applications focused on customer service, sales, analytics, marketing automation and e-commerce. The first solution, called Einstein Copilot: Health Actions, has been designed to allow physicians to send referrals, book appointments and summarize patient info, including details such as patients’ prescriptions, diagnoses, clinical service requests and tests. By generating a summary using AI, clinicians would save time when looking for this data. The other solution, Assessment…

WednesdayMar 13, 2024 9:45 am

EU Unveils AI Office to Act as Global Trendsetter

Last week, the European Commission set up a new AI office that will focus on drawing up and implementing policies for the bloc. The office, which will also serve as an international reference point, will support the development and use of trustworthy artificial intelligence and protect against risks. In a statement posted on its site, the commission noted that the AI office formed the foundation for one European artificial intelligence governance system. It added that the office promoted an innovative ecosystem of trustworthy artificial intelligence and would ensure a coherent and effect approach on AI at the global level. In…

MondayMar 11, 2024 10:00 am

Feds Say AI Can’t Be Inventor, Though AI-Assisted Inventions Are Patentable

Recent advancements in the artificial intelligence (AI) field have significantly increased the scope of how the technology can be applied. With generative AI tools such as ChatGPT already helping users generate significant amounts of data every day, the technology has the potential to completely revolutionize many industries. Experts in several fields could use AI to optimize their workflows and analyze mountains of data to reach new and potentially groundbreaking conclusions. However, the U.S. Patent and Trademark Office (USPTO) has ruled that artificial intelligence itself cannot be classified as an inventor. The USPTO has issued guidance on inventorship and patentability in…

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