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Category: business – Page 69

Inside Mind-Reading AI

Professor Nita Farahany reveals to Azeem Azhar the startling advancements of brain-scanning technology and the extraordinary implications this tech has for privacy and humanity.

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Intel CEO says the chip maker’s technology is central to AI boom

Intel Corp. Chief Executive Officer Pat Gelsinger, plotting a comeback for the once-dominant chipmaker, made the case that the company’s technology will be vital to an industrywide boom in artificial intelligence computing.

Speaking at Intel’s annual Innovation conference, Gelsinger pointed to advances that his company is making in and software developer tools for AI. The opportunity will only grow as more artificial intelligence capabilities are powered by personal computers, he said.

“AI represents a generational shift, giving rise to a new era of global expansion where computing is even more foundational to a better future for all,” Gelsinger said. “For developers, this creates massive societal and business opportunities to push the boundaries of what’s possible, to create solutions to the world’s biggest challenges.”

Robot car talk: Introducing Wayve’s new AI model LINGO-1

Someone has made it. LONDON—(BUSINESS WIRE)—Self-driving technology company Wayve has launched LINGO-1, a first-of-its-kind vision-language-action model (VLAM) for self-driving that is set to revolutionise the learning and explainability of its AI Driver technology powering self-driving vehicles.

Prior to LINGO-1, end-to-end AI neural nets have been criticised as black boxes, providing limited insight into why and how they make decisions. Gaining deeper insight into the decision-making and reasoning capabilities of its AI models is critical to ensuring that Wayve can build a safe driving intelligence for self-driving. Wayve’s LINGO-1 opens up new capabilities to dramatically enhance the interpretability of Wayve’s AI Driver.

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Wayve launches a breakthrough AI model, LINGO-1, that uses natural language to improve AI explainability for self-driving vehicles.

Funded Small Business Spotlight: Juvena Therapeutics Unlocking the Secrets of Tissue Regeneration

As we age, our muscles and other tissues break down in much the same way as degenerative diseases progress. What we learn from studying degenerative diseases such as muscular dystrophy could help researchers develop new interventions to fight common age-related ailments and chronic illnesses.

With help from NIA, biotechnology company Juvena Therapeutics has begun unlocking the secrets of proteins for regenerative medicine. Juvena scientists are using a form of muscular dystrophy — myotonic dystrophy type 1 (DM-1) — as a model to sift through proteins that are produced by the body’s stem cells. These cells have the potential to become any type of cell in the body, from liver tissue to skin cells. The goal is to find proteins that encourage tissue growth and repair, ultimately designing new drugs to prevent and treat degenerative diseases like DM-1. As part of this process, Juvena hopes to learn more about how to reduce the effects of aging on muscles and other tissues, too.

A new biotech trying to establish itself can feel isolated from the larger scientific community. For example, Juvena is unable to submit findings for publication before taking care of intellectual property protections. But NIH’s peer-review process offered confidential, scientifically rigorous feedback to fill that critical gap, and the NIA Small Business Programs staff offered helpful advice.

“We can get the input, guidance, and advice that we need to really better the work,” Yousef said.

Five years in, the company has now raised about $60 million. But Yousef said that NIA funding is more than just financial support and feedback. It gives the company no-strings-attached freedom to explore the scientific potential of their ideas as well as the capital needed to pursue preclinical development of new leads, unlike loans or business obligations that come with venture capital.

Job Seekers, Look Out for Job Scams

The economic downturn is already a devastating blow to job seekers everywhere. Now scammers are taking advantage of the situation by ramping up their methods of swindling people.

Job scamming is a threat to job seekers all over the world. For example, the Better Business Bureau (BBB) reported an increase in job scam complaints in the United States and Canada in the past several years. Singapore job seekers lost $660 million SGD ($495 million USD) in 2022 alone. And in the UK, 10,000 people were approached on LinkedIn and Facebook by “foreign spies and malicious actors” to steal information.

Phishing attacks and malware are the primary methods of scamming job seekers, according to a February Trellix report. Scammers create fake websites, often employing typosquatting. A fake site uses a real name like Indeed that’s slightly misspelled (such as “Indeeed”) or extends the URL in hopes the job seeker will not notice the base domain name. These sites appear legitimate but are used to steal passwords and financial information.

Saudi Arabia to resume building the world’s tallest tower

Standing 3,280 feet (1,000 meters) tall, the Jeddah Tower will dwarf the Burj Khalifa by over 560 feet (172 m).

Jeddah Economic Company (JEC), the firm behind the ambitious Jeddah Tower Project in Saudi Arabia, has announced the resumption of work on the world’s tallest building, media reports have confirmed. The project that began in 2010 came to an abrupt halt in 2017.

Countries in the Middle East have been pouring money into ambitious projects to attract tourism and businesses and reduce their dependence on oil exports for income. The city of Dubai is replete with examples of structures meant to attract people from all over the world, whether one looks at the Palm Islands or the Moon-themed resort.

Tesla Giga Texas is looking to employ 60k workers when Cybertruck ramps: report

Jason Shawhan, Tesla’s director of manufacturing at Giga Texas, recently gave a rare talk about the facility’s existing operations and the company’s plans for the future. The executive shared the information during a keynote address at the State of Manufacturing conference and expo, which was held by the Austin Regional Manufacturers Association.

Tesla is the world’s most valuable automaker by market cap, and its CEO, Elon Musk, is one of the most visible chief executives in the auto industry. Despite this, Tesla has a reputation for being tight-lipped when it comes to the details of its operations. Rare appearances from high-ranking executives such as Shawhan, who serves as director of manufacturing at Gigafactory Texas, are therefore very interesting.

Shawhan did not disappoint, as he did share a number of important insights about the facility. As noted in a report from the Austin Business Journal, the executive confirmed that Giga Texas has become the second-largest private employer in the region because the factory currently employs over 20,000 workers today. This is a notable increase from the 12,277 employees that Tesla confirmed at the end of 2022. Considering Gigafactory Texas’ growth so far, it would appear that the facility would be outpacing Musk’s estimates.

Announcing Microsoft Copilot, your everyday AI companion

We are entering a new era of AI, one that is fundamentally changing how we relate to and benefit from technology. With the convergence of chat interfaces and large language models you can now ask for what you want in natural language and the technology is smart enough to answer, create it or take action. At Microsoft, we think about this as having a copilot to help navigate any task. We have been building AI-powered copilots into our most used and loved products – making coding more efficient with GitHub, transforming productivity at work with Microsoft 365, redefining search with Bing and Edge and delivering contextual value that works across your apps and PC with Windows.

Today we take the next step to unify these capabilities into a single experience we call Microsoft Copilot, your everyday AI companion. Copilot will uniquely incorporate the context and intelligence of the web, your work data and what you are doing in the moment on your PC to provide better assistance – with your privacy and security at the forefront. It will be a simple and seamless experience, available in Windows 11, Microsoft 365, and in our web browser with Edge and Bing. It will work as an app or reveal itself when you need it with a right click. We will continue to add capabilities and connections to Copilot across to our most-used applications over time in service of our vision to have one experience that works across your whole life.

Copilot will begin to roll out in its early form as part of our free update to Windows 11, starting Sept. 26 — and across Bing, Edge, and Microsoft 365 Copilot this fall. We’re also announcing some exciting new experiences and devices to help you be more productive, spark your creativity, and to meet the everyday needs of people and businesses.

Cisco to acquire Splunk in $28B mega deal

Cisco has a reputation of building the company through acquisitions, but it has tended to stay away from the really huge ones. That changed this morning when the company announced it was acquiring Splunk for $28 billion.

With Splunk, it gets an observability platform that could fit nicely into its security business to help customers better understand security threats, while also helping parse oodles of log data to resolve other problems like helping understand system failures or troubleshoot myriad issues across a broad array of enterprise systems.

Under the terms of the deal, Cisco is paying a hefty premium of $157 per share. When you consider that the 52-week low was $65 a share and it has hovered in the high 80s and low 90s much of this year, that’s a big bump for Splunk stockholders and suggests there might have been some competition for the logging giant. The company’s most recent market cap sits at just over $20 billion.

Automation Anywhere unveils expanded Generative AI-powered automation platform to empower people and teams and accelerate enterprise productivity Gains

Automation Anywhere, the leader in intelligent automation, announced a historic expansion of its Automation Success Platform, enabling enterprises to accelerate their transformation journeys and put AI to work securely throughout their organizations. Automation Anywhere’s new tools and enhancements deliver AI-powered automation across every team, system and process. During Imagine 2023, the company unveiled a new Responsible AI Layer, and announced four key product updates including the brand-new Autopilot, which enables the rapid development of end-to-end automations from Process Discovery, using the power of generative AI. The company also announced new, expanded features in Automation Co-Pilot for Business Users, Automation Co-Pilot for Automators, and Document Automation.

“The combination of generative AI and intelligent automation represents the most transformational technology shift of our generation,” said Mihir Shukla, CEO and Co-Founder, Automation Anywhere. “Every company, every team, every individual will be able to re-imagine their system of work and automate the processes that hold them back. Great people, empowered with AI and intelligent automation will be absolutely transformative to their organizations as they increase their productivity, creativity and accelerate the business.”

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