AI Revolution.buzz - Aug. 10-16, 2024

AI transforming industries, economies, careers & more.

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AI Revolution
August 16, 2024

AI Revolution.buzz - Aug. 10-16, 2024

Table of Contents

AI Assistants, LLMs, Models & More

10 Wildly Realistic Images ‘Generated’ by Grok 2.0 (AIM) - AI startup xAI launched a beta version of its latest AI assistant Grok 2.0, adding an image generation tool similar to OpenAI’s DALL-E and Google’s Gemini, but with apparently fewer restrictions on the types of images that can be generated. See an example image (“College Party”) invented by the new Grok 2.0

Example image “invented” by the new Grok 2.0 (Source: AIM)

Cybersecurity & AI / Advanced Threats

Cisco cuts thousands of jobs, 7% of workforce, as it shifts focus to AI, cybersecurity (APNews) - Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year, as the company shifts its focus to more rapidly growing areas in technology, such as artificial intelligence and cybersecurity. While announcing downsizing in mid-August, the networking equipment maker said in June that it would invest $1 billion in tech startups like Cohere, Mistral and Scale to develop reliable AI products. It recently also announced a partnership with Nvidia to develop infrastructure for AI systems.

Inside the U.S. competition to create AI security tools (Axios) - Generative AI's promise to automatically detect and patch security flaws in code is nearly a reality — as seen during a government-backed competition at the DEF CON hacker conference over the weekend.

DataCenters - Powering AI, Cloud, Cyber & Quantum

The International Monetary Fund (IMF) proposes 85% power tax hike on crypto and AI data centers (CryptoSlate) - IMF warned that crypto miners and data centers could be consuming more than 3% of the world's energy within the next three years.

Crypto and AI Energy Use (Source: IMF)

Silent Burden Of AI: Unveiling The Hidden Environmental Costs Of Data Centers By 2030 (Forbes) - The development of the data center sector by 2030 will be significantly influenced by the rapid advancement of artificial intelligence (AI). This progressive technology demands substantial computing resources, leading to a significant increase in energy consumption. This article analyzes the current developments, investments of major tech giants, and the resulting challenges for infrastructure and the environment.

Enterprise AI - Leading Edge of Enterprise Tech

Is Your Enterprise Ready to Leverage Generative AI to Make the Most Out of Internal Data? (tnglobal) - According to Statista, video content accounts for more than 80 percent of all worldwide internet traffic. As video archives and data swell, generative AI is driving down by orders of magnitude the cost barriers to making video content for the purposes of communication and education. Applying artificial intelligence (AI) to data management, analysis, and communication is set to become a focal point for enterprises.

AI governance and clear roadmap lacking across enterprise adoption (ZDNet) - Businesses are scurrying to adopt artificial intelligence (AI) tools as more become available, but most have not implemented the necessary metrics to measure the returns on their investment. Many also lack a comprehensive AI strategy and are acquiring products primarily for their bells and whistles, per IBM's AI Readiness Barometer Study (download) released this week.

Finance AI - Optimizing Financial Outcomes

Corporate Finance in the Age of AI: Benefits, Challenges, and Ethical Considerations (finance monthly) - Artificial intelligence (AI) is revolutionizing corporate finance, with real-time analytics and machine learning (ML) that enhance financial decision-making. AI helps finance teams improve key business processes of forecasting for budgeting and planning while AI- and ML-powered real-time analytics improve insight accuracy, expedite decision-making, and free finance teams from manual tasks so they can focus on generating business insights to fuel growth. For the consumer, AI advances enhance service efficiency, personalization, and security, creating smarter, safer, and more tailored financial services. Experts predict that AI’s ability to increase productivity could add between $200 billion and $340 billion (or 2.8-4.7 percent of total industry revenue) to the industry each year.

GenAI Vs. Robo-Advisors: Considerations For The Financial Industry (OpEd, Forbes) - Being the CEO of an investing platform, I believe the concerns raised about generative AI—such as privacy concerns, copyright infringement and inherent biases—are quite legitimate. The financial sector has been using a form of AI since the 1980s to help with investing, financial planning and more. In 2008, the first consumer-facing robo-advisors were launched. But to confuse this mathematical technology with GenAI is misguided.

Healthcare AI - Revolutionizing Healthcare

How AI is Transforming the Medical Field (HealthTech Zone) - Artificial Intelligence (AI) is making waves in many industries, but its impact on the medical field is truly revolutionary. One of the most significant benefits of AI in the medical field is its ability to enhance diagnostic accuracy. AI algorithms can analyze medical images, such as X-rays and MRIs, with a high degree of precision. This leads to early and accurate diagnosis of conditions like cancer, heart disease, and neurological disorders.

Nvidia Looks To Disrupt The Health Care Industry With AI (IBD) - Having taken the lead in powering large-scale AI systems, Nvidia is moving to expand the fast-growing technology's reach to health care innovations, including drug discovery and medical diagnostics. ...AI can sort through trillions of pieces of data and to invent new molecules and proteins that will help discover fresh treatments for chronic health problems.

CANCER AI: AI tool predicts response to cancer therapy (NIH) - Scientists developed an AI tool that uses routine clinical data to identify cancer patients most likely to respond to immunotherapy drugs called checkpoint inhibitors. The approach could help guide personalized cancer treatments for patients.

CANCER AI: AI With Colonoscopies Shows Greater Efficiency Detecting Early Colon Cancer (Tech Networks) - A successful trial has used AI in colonoscopies to spot abnormalities potentially leading to bowel cancer.

Industrial AI - Smarter Manufacturing & Ops

Why Guardrails Are Essential For Industrial AI (OpEd, Forbes) - One of the fastest-growing applications (of AI) is in the industrial sector, as a key tool in helping companies increase efficiency, optimize their processes and meet sustainability goals. Industrial AI systems are designed with very specific guardrails intended to ensure they operate in predictable ways. For industrial processes, predictability is critical, particularly when it comes to the risks associated with incorrect decisions.

Industrial AI Adoption Soars as Execs Eye New Use Cases, Report (IoT World Today) - New research from Honeywell has found that decision-makers in the industrial AI space are increasingly enthusiastic about augmenting new use cases to improve workloads. “There is no question that AI is currently at a pivotal moment,” said Kevin Dehoff, Honeywell’s chief strategy officer. “With the advent of generative AI and more sources of data from advanced analytics, industrial AI is poised to grow exponentially and the possibilities are endless for revenue growth and employee satisfaction.”

ADI and Repco NEX partner to advance industrial AI in Southeast Asia (Back End News) - The collaboration will leverage ADI’s AI expertise and Repco NEX’s strengths in robotics and digital asset management. The focus will be on digital transformation and asset maintenance, with ADI enhancing its AI strategies by building on Repco NEX’s expertise in AI of things (AIoT), robotics, and turbomachinery diagnostics.

Media & AI - Reshaping Content & Distribution

'AI is scary': Prince Harry on dangers of social media disinformation (MS Start) - 'AI is scary': Prince Harry and Meghan on dangers of social media disinformation. The royal couple attended the forum on digital future in Colombia, in which they reflected on the dangers of artificial intelligence and the spread of fake news.

Wyoming journalist resigns after using AI-generated quotes (WY Public Radio) - A reporter for the Cody Enterprise in Wyoming has resigned after being found to have fabricated quotes. The Cody Enterprise has since confirmed that AI was used to misquote people. The publisher said in a statement that using the technology is an “advanced form of plagiarism” and that they now have a system in place to catch AI-generated

Real Estate Industry & AI

AI factories are the hot new real estate (Fierce) - AI factories are in high demand as AI expands, with tech and telecom giants partnering to build these specialized data centers. Supply shortages and record-low data center vacancy rates are delaying the rollout of AI factories, despite growing demand, Analysts say AI could drive over a trillion dollars in infrastructure spending in the next five years

How AI is changing the real estate market (TechTarget) - AI tools and systems are becoming an asset for many real estate endeavors. Explore seven top use cases for AI in the real estate industry and challenges to adoption.

AI Boom Drives Industrial Real Estate, Data Center Construction (DCF) - Following the lead of Prologis, the world’s largest industrial real estate operator, Doug Roberts, president of Panattoni’s North American development group said, “You want to be where the customer is, and right now the customer wants to be in the data center world.”

Retail, E-Commerce & AI

AI in eCommerce: AI Trends and Use Cases Redefining Online Shopping Experiences (appinventiv) - eCommerce businesses leveraging AI in their operations stand to gain a competitive edge in the evolving marketplace, fostering innovation and driving growth in a dynamic world of digital commerce.

AI Tech and Trends for eCommerce: How Retailers Can Streamline Operations for Transformative Growth (RTInsights) - AI-powered tools will impact every aspect of a retailer’s business. In the long term, these tools will be the catalyst that drives transformative growth in the eCommerce sector.

AI in e-Commerce: Navigating Benefits, Challenges, and Future Trends (eWeek) - Generative AI is transforming the e-Commerce landscape. Explore how Generative AI can help companies improve customer experience and boost revenue.

Robotics & AI - Rise of Intelligent Machines

The Future of Robotics: How Robots Will Transform Our Lives (simplilearn) - Artificial Intelligence (AI) increases human-robot interaction, collaboration opportunities, and quality. The industrial sector already has co-bots, which are robots that work alongside humans to perform testing and assembly. Advances in AI help robots mimic human behavior more closely, which is why they were created in the first place. Robots that act and think more like people can integrate better into the workforce and bring a level of efficiency unmatched by human employees.

Powered by Nvidia and AI, humanoid ambitions take shape (Yahoo!) - Last week, OpenAI-backed Figure unveiled the latest iteration of its humanoid robot. The robot is equipped with a vision language model that allows the machine to reason visually and self-correct learned behavior, according to the company’s claims.

How AI and robotics are transforming infection control in healthcare (INN) - AI and robotics are revolutionising infection control in healthcare by enhancing diagnostic accuracy and automating disinfection processes.

Silver AI (55+) - Aging Well with AI & Tech

Older Americans prepare themselves for a world altered by artificial intelligence (MSN) - Older adults find themselves in a unique moment with technology. Artificial intelligence offers significant benefits for seniors, from the ability to curb loneliness to making it easier for them to get to medical appointments. But it also has drawbacks that are uniquely threatening to this older group of Americans: A series of studies have found that senior citizens are more susceptible to both scams perpetrated using artificial intelligence and believing the types of misinformation that are being supercharged by the technology. Experts are particularly concerned about the role deepfakes and other AI-produced misinformation could play in politics.

Sensi.AI grabs $31M Series B from Insight, Zeev to monitor seniors 24/7 (TechCrunch) - Older adults increasingly want to age in their homes rather than nursing facilities. Technology built by Sensi.AI claims to help home care agencies virtually monitor the well-being of the elderly around the clock. Sensi was founded by Romi Gubes in 2019 after she discovered that there was abuse happening in her five-year-old daughter’s childcare facility. She immediately removed her daughter but started thinking about how to prevent similar situations from happening to kids and other vulnerable populations.

AARP Pennsylvania Warns of Sophisticated AI Scams Targeting Seniors (MyChesco) - AARP Pennsylvania is raising the alarm about a surge in advanced Artificial Intelligence (AI) scams aimed at older adults. As AI technology progresses, scammers are exploiting tools like deepfake videos and voice cloning to trick people into surrendering money and personal information.

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Sovereign AI, Residency AI & Geopolitics

AI: FSI Leaders Chart Way Forward For Future Of Finance In Nigeria (The Will) - Leveraging on Artificial Intelligence (AI), most Financial Service Industry (FSI), are taking crucial steps to transform the industry in Africa. The strategy has remained the question that many innovative companies, from fintech startups to established banks, are asking as they explore the potential of AI to enhance their offerings and drive economic growth. Long recognised for their globally competitive approach to innovation, African FSI organisations continue to demonstrate a willingness to embrace new technologies in a bid to innovate and evolve their offerings.

Hong Kong launches generative AI Sandbox for finance sector (CoinTelegraph) - Hong Kong’s central banking institution, the Hong Kong Monetary Authority (HKMA), launched a generative artificial intelligence (GenA.I.) sandbox for finance in collaboration with Cyberport, a state-run technology company. Hong Kong’s GenA.I. sandbox is a platform to test AI’s potential applications in finance, including risk management, anti-fraud, customer services and process re-engineering.

South Korea: Generative AI and cloud computing cleared for use by financial firms (cloud computing-news) - South Korea’s Financial Services Commission (FSC) has disclosed plans to allow financial companies to utilise generative artificial intelligence and cloud computing for product innovation, provided they implement adequate network security measures.

Quantum AI - Next-Level Computing

South Korea Bets Big on Quantum, AI, and Cloud (wmedia) - South Korea is making a bold bet on the future, aggressively investing in technologies that promise to reshape industries and economies.  At the heart of this ambitious strategy is a push into quantum computing, artificial intelligence, and cloud infrastructure. The nation is staking its claim in the quantum industry through partnerships with global giants like IBM. Korea Quantum Computing (KQC) is expanding its collaboration with the tech giant, aiming to bring the power of quantum computing closer to home. South Korea is positioning itself as a key player in this cutting-edge field, by building its own quantum systems and collaborating with international experts.

Scientists illuminate a path to quantum AGI with new light-based chips (CoinTelegraph) - Incredible new research in the field of “photonic computing” could have breakthrough implications for the development of human-level artificial intelligence. Scientists in China recently developed an artificial intelligence training chip that uses light instead of electricity to conduct computations. According to the team, it’s extremely more efficient than the most popular AI chips on the market.

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