NewsRoom Articles - Page 57 of 73

MondayOct 21, 2024 10:00 am

AI Helps US Treasury to Combat Financial Crime

New data shows that artificial intelligence has aided the U.S. Department of Treasury in analyzing data and recovering $1 billion worth of check fraud in the fiscal period of 2024. This is almost three times what the department has recovered in the 2023 fiscal year. In a phone interview, a top official at the Treasury, Renata Miskell, noted that using artificial intelligence had been transformative. Miskell added that this had improved the department’s fraud prevention and detection game. The department also credited the tech with assisting officials in recovering and preventing over $4 billion worth of fraud overall in the…

FridayOct 18, 2024 1:30 pm

Groundbreaking Work on AI Wins Duo Nobel Prize in Physics

Geoffrey Hinton, undeniably referred to as “the Godfather of AI,” has been awarded the Nobel Prize in Physics alongside John Hopfield for their groundbreaking work that triggered the development of machine learning, the science behind artificial intelligence as we know it today. The duo got this global recognition for the foundational work that they did that made it possible for various AI applications and products to become a reality. Hinton, a University of Toronto-based computer scientist and his peer Hopfield, a Princeton University professor, shared a $1m cash prize that came with their coveted award. The ceremony recognizing the pair…

FridayOct 18, 2024 10:30 am

D-Wave Quantum Inc. (NYSE: QBTS) Introduces Service-Level Agreements for Leap(TM) Quantum Cloud Service Customers Moving to Production

D-Wave has introduced service-level agreements (“SLAs”) for customers of its Leap quantum cloud service who are moving applications into production The Leap quantum cloud service offers 99.9% availability for its Solver API and aggregated set of annealing quantum computers The Leap quantum cloud service has seen a surge in usage over the past 12 months, with more than 60 million jobs submitted, a 215% increase over the previous 12 months D-Wave Quantum (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the first commercial provider of quantum computers, has introduced service-level agreements (“SLAs”) tailored for customers of…

FridayOct 18, 2024 10:00 am

Google Looks to Leverage Nuclear Power for its AI Data Centers

Earlier this week, Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG), through its brand Google, signed an agreement to use nuclear reactors to generate power for its data centers. The multinational tech firm’s agreement with Kairos Power will see it begin to use its first nuclear reactor before 2030 as more come online by 20235. Kairos Power specializes in developing small nuclear reactors which utilize molten fluoride salt as a coolant. This is different from conventional nuclear plants, which use water as a coolant. In 2023, the California-based nuclear tech firm was awarded a permit that’d allow it to construct a new…

WednesdayOct 16, 2024 10:30 am

Golden Opportunity: Why McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Shines Amid Surging Demand for Critical Minerals

Gold has been surging in popularity and value. Just this year, the precious metal has increased by approximately 28%, reaching a peak of more than $2,680 per ounce. In addition to Federal Reserve rate cuts and central bank purchases across emerging markets, the prospect of new financial sanctions imposed by the U.S. and growing concerns about the national debt could provide additional momentum for gold as many analysts forecast prices will continue to set new all-time highs. In the current market landscape, gold stands out as a strategic hedge against both geopolitical and financial risks, making it an attractive option…

WednesdayOct 16, 2024 10:00 am

Nobel Prizes Awarded to AI in Physics, Chemistry Spark Debate

Last week saw artificial intelligence (AI) receive Nobel prizes in chemistry and physics. This is new, considering it’s the first time artificial intelligence has been recognized in this particular setting. Normally, Nobel prizes are awarded for research conducted over a lengthy period and after influence is evaluated to ensure the recipient has the greatest benefit to humankind. John Hopfield, a physicist, and Professor Geoffrey Hinton, who is regarded as the godfather of artificial intelligence, were awarded the Nobel prize in physics. Their work, which started in the 1980s, focused on inventing artificial neural networks based on physics concepts. This later…

MondayOct 14, 2024 10:00 am

AI Helps Researchers Uncover Gender-Based Variations During Glioblastoma Prognosis

Prior studies have determined that men are more likely to develop glioblastoma in comparison to women. These studies have also shown these tumors are usually more aggressive in males as compared to women. Now scientists are using artificial intelligence (AI) to uncover risk factors that may help clinicians predict which tumors might grow more quickly and the differences between the sexes. For their study, the researchers examined digital images of tumor samples, searching for patterns that could help predict how quickly a tumor could grow and, in turn, how long a patient could survive with the illness. The outcome dictates…

FridayOct 11, 2024 10:00 am

Gartner Report Indicates 8-in-10 Developers Need to Upskill Amid AI Surge

In the coming years, developers may require additional skills as the use of generative artificial intelligence (AI) grows. Gartner, an American technological research and consulting company, recently conducted a survey, which found that about 80% of developers will need to upskill by 2027. The report surveyed 300 organizations in the United Kingdom and the United States in late 2023. It found that in 2024, 56% of developers with skills in machine learning and artificial intelligence were the most in-demand roles. The survey also found that the biggest skills gap these organizations faced was in applying artificial intelligence/machine learning for applications.…

WednesdayOct 09, 2024 10:00 am

Airlines To Use AI to Reduce Passenger Wait Times

Gate allocation, which may seem easy, is an unexpectedly complicated task. Dr. Joseph Doetsch, Lufthansa Industry Solutions’ Quantum computing lead, reveals that with 10 airplanes and 15 gates, there exist more than 570 billion possibilities. This makes it harder to pick the best gate for every flight, which in turn decreases congestion and amount of fuel needed as well as shortens aircraft taxi times. This is what reduces the amount of time travelers spend on the tarmac. Normally, gates are assigned when flight schedules are published, which is almost 12 months ahead. The assignments are then reviewed one month in…

MondayOct 07, 2024 10:00 am

AI Tech Ushers in New Era in Surgery at University of Washington

Last month, Proprio announced that its surgery guidance platform had helped complete 50 surgeries successfully. Proprio, a vendor of artificial intelligence (AI)-powered surgical tech, developed Paradigm to help in surgical procedures by modernizing how they were performed and perfected by combining immersive and intelligent tech with expertise held by physicians. It combines the power of light field technology with data intelligence, computer vision and real-time anatomical alignment calculations to make sure that surgeons make informed decisions in the operating room. The tech was designed to combine CT scan data with a visual intraoperative field, allowing for the more accurate placement…

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