Wednesday, 7 September, 2022
Artificial Intelligence, Fintech, Tech business news and insights – September 2022
Artificial Intelligence is one of the most critical technologies of this century.
The development and application of AI technology change daily. To be ahead of the curve, I spend a lot of time analysing, filtering and distilling the latest insights for all my clients.
Here are just a few interesting AI, ML, Big data, analytics, business, and technology news and articles that caught my eye this month. Please feel free to share with others.
AI business, economy news – September 2022
News and information from governments and organisations.
- JP Morgan exploring AI for finance – JP Morgan has teamed up with California-based AI platform cleareye.ai.
- Nippon airways use AI developed by Boeing – Nippon Airways teams up with Boeing’s AI Insight Accelerator.
- Landing AI announces new COO – Landing AI appoints Dan Maloney as new COO for future growth.
- Meta moves PyTorch to Linux Foundation – Meta has shifted its AI tools to the Linux Foundation. This will allow more independence for the company in the public domain.
- Baidu profits driven by AI cloud – Baidu, the Chinese version of Google, have had substantial profit increases, assisted by its cloud AI platform.
- Goldman Sachs hires Alphabet tech guru – Goldman Sachs has hired Jared Cohen from Alphabet.
- Chinese firm appoints AI robot as CEO – Chinese gaming company Netdragon has appointed an AI-driven humanoid robot as CEO
- Cloudfactory has acquired Hasty – Cloudfactory develops a Berlin-based data-centric machine learning platform.
- AI specialist Mov.ai has teamed up with Lanner electronics for an industrial AI platform.
- Alibaba hires top AI scientists – Alibaba invests in high-level AI scientists to head its brain lab at Damo Academy.
- Reddit acquires AI firm – Reddit has acquired Spiketrap to help itsAI-assisted contextual advertising.
- US government limits AI chips sent to China – Chipmakers in the US must get a licence to stop chips being used for military purposes.
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Andrew Ng – How Artificial Intelligence can empower any business.
AI technology – September 2022
Here are some interesting AI technology this month.
- Tesla day…
- Google develops new AI for retail – Google wants to provide a more immersive experience.
- AI Make-A-Video – Meta releases their text-to-video AI paper.
- AI movie generation – Fabian Stelzer uses AI to generate sci-fi films.
- Google AI smell – Google develops AI to help understand odour and how to detect it.
- Phraser AI tech – This new AI tool helps users write prompts for Neural Networks.
- AI used to age celebrities – Photographer uses AI to show what stars will look like in the future.
- Reduce gender bias – New technology developed by the University of Alberta to help reduce gender bias in NLP AI.
- AI outperforms clinicians – AI models outperform diagnosing paediatric ear infections
- JCPenney first uses AI/AR in stores – JCPenneyuses AI/AR digital makeup technology – JCPenney uses AI/AR digital makeup technology in its stores.
- Meta using AI to decode speech – Meta invests heavily in technology, including reading minds with AI.
- AI spots Covid in speech – New tech helps spot Covid from address.
- Deepmind AI movement development – Deepmind has developed AI systems that replicate the motion of humans and animals for robots. They even build self-learning football players. Amazing tech.
- France use AI to find swimming pools – The French government team up with Google and Capgemini to help spot undeclared swimming pools.
- Analog deep learning – Engineers are working on new AI computation methods that speed up processing with reduced energy.
AI government – September 2022
News and information from governments and organisations.
- UK National robotics centre opens – Global robotics research centre opens.
- US spending on AI – Interesting article on US AI spending.
- UK pro-innovation approach to regulating AI – More about the UK government’s approach to regulating AI.
- Iran claims it has new AI capabilities – It is reported that Iran has developed new AI that can counter the opposition.
- South Africa to set up an AI institute – South Africa is set to invest in AI with a new specialised research institute.
AI applications and innovations – September 2022
There are so many new exciting applications for AI that appear daily. Here are a few I have found this month:
- AI in advertising and marketing
- AI used in content creation – More AI is used to produce dynamic content creation.
- AI in business
- AI used in the contact centre – AI is used to improve customer user experience.
- AI in conservation
- AI used to protect whales – AI developed and deployed to help protect whales from sea traffic.
- AI and endangered eagles – AI is used to protect endangered eagles from wind turbines.
- AI and wildlife smuggling – AI used in the war against wildlife smuggling
- AI to spot wildlife trafficking – Wildlife smuggling is a big business. AI helps to reduce this global problem.
- AI in entertainment
- AI in car audio – Interesting application of audio to improve car audio.
- AI used in America’s Got Talent Finals – AI avatar technology for the show’s finale.
- AI in Gaming – Top selling game Call Of Duty is looking at AI for future game versions.
- Darth Vader’s voice will be AI-generated – AI used to recreate unique voices in Star Wars movies.
- AI in the environment
- Nasa and Google take on air pollution – NASA and Google team up to track air pollution.
- AI in health
- AI used in medical coding audits – Medical coding audits can be very complex. This AI can help reduce time and improve accuracy.
- AI used to screen for strokes – AI used to reduce strokes in patients
- AI used in dementia diagnosis – Great use of AI tech to spot early signs of this terrible disease.
- AI for lung cancer research – AI used to help spot lung cancers. Thoughts & insights – This is not a new idea, but the technology and accuracy are improving monthly. The more investment in this area, the better detection. Also, if used with other AI, it could help spot other issues.
- AI coronavirus research – AI has been developed to monitor the effectiveness of vaccines on new coronavirus variants.
- AI is used to reduce hospital wait times. Great use of AI technology to solve this massive problem around the world:
- AI in science
- AI used to reduce cockroaches – The system has been developed using ML and a laser to reduce numbers.
- AI used for fly birth control – AI is used to reduce fly numbers damaging agriculture.
- AI and quantum physics – AI solves complex quantum problems.
- AI for peer review research – AI is used to monitor the quality of peer reviews in research. Thoughts & insights – Peer reviews are an essential part of the research, and it is encouraging to see how AI is helping improve accuracy. It will become standard practice.
- AI in tech
- AI solves traffic problems – AI is used to increase road safety.
- AI intelligent meter technology – Using AI in smart meters.
- AI virtual model generation – A company has developed AI that can generate virtual models of various sizes. This reduces camera shoot costs and speeds up the route to market. Thoughts & insights – Getting products to market quickly is crucial in fast fashion. This will increase speed and reduce costs. I can see this being used in all forms of product photography.
AI fintech – September 2022
Here are the significant movements in AI fintech this month.
- Arthur AI raises $42M – Arthur, the AI performance measuring company, has raised $42M.
- Invisible AI raises $15M – Leading AI company that specialises in manufacturing secures investment.
- Regie AI raises $10M – Regie AI raises investment for AI marketing.
- AI spending to reach $46 in Asia/Pacific – Interesting stats from IDC.
- EverestLabs raise $16.1M – EverestLabs secures $16.1 investment in its AI recyclables technology.
- Superb AI raises $16M – Superb AI raises $16M for its training data platform for computer vision.
- Murf AI raises $10M – Murf AI raises $10 for its work in text-to-speech generation.
- Pano AI raises $20M – AI company that has developed a wildfire detection system raises investment.
- Optifly raises €2M – Optifly, an artificial intelligence flight optimising start-up, has raised funds for growth.
- Unlikely AI raises $20M – Alexa inventor William Tunstall-Pedoe raises capital in seed round for his AI company.
- WhiteLab Genomics raises $10M – Funding helps AI-powered genomic therapies platform.
- Arize AI raises $38M – AI observability platform secures investment from Series B funding round.
- PolyAI raises $40M – PolyAI has raised $40M for its AI-driven voice assistant platform.
- Hebbia raises $30M – Hebbia has introduced a series A funding for its AI search platform.
- UCC leads €9M AI project – University College Cork has secured funding for an AI on-demand platform.
- York university receives $7.25M – Canadian University receives funding for AI research into infectious diseases.
- Spice AI raises $13.5M – Spice has managed to get seed funding for its platform that enables AI data-driven applications for Web3.
- Sanford strikes $20M deal – Sanford has struck a deal with Atomwise for AI-assisted drugs research.
- Taranis raises $40M – AI crop analysis firm raises capital for future growth in agribusiness.
- Mindset AI raises £1.65M – Mindset.ai (UK) SaaS platform raises funds for future growth.
- Investment into enterprise AI – Huge investments are going into enterprise AI like c3
- Georgia Tech receives $65M – Georgia Tech gets a federal grant for artificial intelligence and manufacturing innovations with transformational workforce and outreach programs.
- Nebraska group receive $25M – Heartland Robotics Cluster, securing a $25 million grant from the American Rescue Plan’s regional Build Back Better program.
- Zeit raises $4.3M – Zeit DevOps platform raises funding in its seed round.
- Protex AI raises $18M – Protex has increased funding to invest in its workplace safety platform.
- Brainomix awarded tender – Brainomix awarded a tender to deploy AI stroke imaging across Hungary.
- AESOP Raises $2.9M – AESOP AI-assisted technology that traps medical and billing errors raises $2.9M.
- Abridge raises $12.5M – Abridge, the AI medical conversation company, is looking to invest in Physician Burnout in Healthcare.
- Aisera raises $90M – Aisera, the world’s first AI-driven service experience platform for automated employee experiences.
- Marqvision raises $20M – AI brand protection service raises $20M.
- Featurebyte raises $5.7M – Featurebyte has raised seed funding for its data science SaaS platform.
- Drover AI raises $5.4M – Drover raises funding for its computer vision in the micro-mobility business.
- Built AI raises £2.6M – Built AI has raised more funding for its commercial real estate monitoring platform.
AI Discussion and thinking – September 2022
Here is some news on AI discussion points
- AI and climate crises – AI and Sustainability: Will AI Help or Perpetuate the Climate Crisis?
- Trust in AI – Interesting article on research about people who distrust others and show greater trust in AI.
- Should AI have rights? – Discussion about AI machines and if they should have rights like humans.
- Extreme weather fuels hate speech – AI research finds that extreme temperature can fuel hate speech on social media.
- Man Vs Machine in art – The growing trend of AI in art. This is raising a debate on art, creativity and copyright.
- AI should align with human values – Google and Alphabet CEO Sundar Pichai says that the future of AI should align with human values.
- AI-generated artwork wins state competition – Artist submitted AI-generated artwork to a competition to win.
- Separating fact from fiction about AI – World leading AI computer scientist Robert J. Marks answers the big questions:
I invest many hours researching the latest AI, technology and business trends for all my clients. The knowledge is refined, distilled and combined with many other forms of analysis and expertise to give the freshest and finest advice possible.
Feel free to contact me today
I invest many hours researching the latest AI, technology, and business trends for all my clients. The knowledge is refined, distilled, and combined with many other forms of analysis and expertise to give the best advice possible.
I can get the best out of AI by:
- Spotting the latest AI opportunities for your company
- Pinpointing the best AI experts for your project or company
- Giving the best advice on AI strategy and approach
- Helping extract the most value out of AI
- …and lots more, please feel free to contact me today