Investors Pour $27.1 Billion Into A.I. Start-Ups, Defying a Downturn – The New York Times

For two years, many unprofitable tech start-ups have cut costs, sold themselves or gone out of business. But the ones focused on artificial intelligence have been thriving.

Now the A.I. boom that started in late 2022 has become the strongest counterpoint to the broader start-up downturn.

Investors poured $27.1 billion into A.I. start-ups in the United States from April to June, accounting for nearly half of all U.S. start-up funding in that period, according to PitchBook, which tracks start-ups. In total, U.S. start-ups raised $56 billion, up 57 percent from a year earlier and the highest three-month haul in two years.

A.I. companies are attracting huge rounds of funding reminiscent of 2021, when low interest rates and pandemic growth pushed investors to take risks on tech investments.

In May, CoreWeave, a provider of cloud computing services for A.I. companies, raised $1.1 billion, followed by $7.5 billion in debt, valuing it at $19 billion. Scale AI, a provider of data for A.I. companies, raised $1 billion, valuing it at $13.8 billion. And xAI, founded by Elon Musk, raised $6 billion, valuing it at $24 billion.

Such financing rounds have boosted the industrys overall deal-making by dollar amount and number of deals, said Kyle Stanford, a research analyst at PitchBook.

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Investors Pour $27.1 Billion Into A.I. Start-Ups, Defying a Downturn - The New York Times

What happened to the artificial-intelligence revolution? – The Economist

Move to San Francisco and it is hard not to be swept up by mania over artificial intelligence (AI). Advertisements tell you how the tech will revolutionise your workplace. In bars people speculate about when the world will get AGI, or when machines will become more advanced than humans. The five big tech firmsAlphabet, Amazon, Apple, Meta and Microsoft, all of which have either headquarters or outposts nearbyare investing vast sums. This year they are budgeting an estimated $400bn for capital expenditures, mostly on AI-related hardware, and for research and development.

In the worlds tech capital it is taken as read that AI will transform the global economy. But for ai to fulfil its potential, firms everywhere need to buy the technology, shape it to their needs and become more productive as a result. Investors have added more than $2trn to the market value of the five big tech firms in the past yearin effect projecting an extra $300bn-400bn in annual revenues according to our rough estimates, about the same as another Apples worth of sales. For now, though, the tech titans are miles from such results. Even bullish analysts think Microsoft will make only about $10bn from generative-AI-related sales this year. Beyond Americas west coast, there is little sign AI is having much of an effect on anything.

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What happened to the artificial-intelligence revolution? - The Economist

Regulating artificial intelligence doesn’t have to be complicated, some experts say – STAT

Artificial intelligence has the potential to revolutionize how drugs are discovered and change how hospitals deliver care to patients. But AI also comes with the risk of irreparable harm and perpetuating historic inequities.

Would-be health care AI regulators have been spinning in circles trying to figure out how to use AI safely. Industry bodies, investors, Congress, and federal agencies are unable to agree on which voluntary AI validation frameworks will help ensure that patients are safe. These questions have pitted lawmakers against the FDA and venture capitalists against the Coalition for Health AI (CHAI) and its Big Tech partners.

The National Academies on Tuesday zoomed out, discussing how to manage AI risk across all industries. At the event one in a series of workshops building on the National Institute of Standards and Technology (NIST)s AI Risk Management Framework speakers largely rejected the notion that AI is a beast so different from other technologies that it needs totally new approaches.

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Regulating artificial intelligence doesn't have to be complicated, some experts say - STAT

Artificial intelligence degree programs to be available at Oklahoma universities Oklahoma Voice – Oklahoma Voice

OKLAHOMA CITY Students at some of Oklahomas public colleges and universities will soon be able to pursue undergraduate degrees in artificial intelligence.

The Oklahoma State Regents for Higher Education approved artificial intelligence degree programs at Rose State College, Southwestern Oklahoma State University and the University of Oklahoma on June 4.

While some universities have offered courses in artificial intelligence, these are the first degree programs in the state.

Trisha Wald, dean of the Dobson College of Business and Technology at Southwestern Oklahoma State University, worked to start up the program at the university. Representatives at Rose State College and the University of Oklahoma were not available for comment.

While the degree program can begin in the fall for Southwestern Oklahoma State University, Wald said the late approval means some of the new AI classes may not be able to start until the spring.

Wald said she looked at similar programs in other states to create the proposed curriculum for this new program. While Wald said there are not as many programs as you would think, she was able to use their programs to determine what Southwestern Oklahoma State Universitys program needed.

Its a multidisciplinary program, so its not just computer science courses, Wald said. Weve got higher level math, psychology and philosophy courses, specifically on ethics. So its going to help us have more well-rounded individuals.

Wald said the approval process took months and the proposal had to demonstrate workforce demand to the Regents as part of the proposal process.

Over 19,000 jobs in Oklahoma currently require AI skills, officials said. This number is expected to increase by 21% in the next decade.

AI is rapidly emerging as a vital employment sector, said State Regents for Higher Education Chair Jack Sherry in a statement. New career opportunities in areas like machine learning, data science, robotics and AI ethics are driving demand for AI expertise, and Oklahomas state system colleges and universities are answering the call.

Gov. Kevin Stitt said the new degree programs will allow Oklahomas students to be at the forefront of the AI industry.

These degree programs are a great leap forward in our commitment to innovation in education and will position Oklahoma to be a leader in AI, said Gov. Kevin Stitt in a statement. AI is reshaping every aspect of our lives, especially academics. Im proud of the Board of Regents for ensuring Oklahomas higher ed students do more than just keep pace, theyll lead the AI revolution.

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Artificial intelligence degree programs to be available at Oklahoma universities Oklahoma Voice - Oklahoma Voice

Artificial intelligence to affect broad range of public services – MDJOnline.com

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Ireland Uruguay, Eastern Republic of Uzbekistan Vanuatu Venezuela, Bolivarian Republic of Viet Nam, Socialist Republic of Wallis and Futuna Islands Western Sahara Yemen Zambia, Republic of Zimbabwe

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Artificial intelligence to affect broad range of public services - MDJOnline.com

How GenAI is Reshaping eCommerce and Consumer Trust – PYMNTS.com

In the bustling digital marketplace of 2024, a new currency is emerging: content.

However, as arecent study by Google researchers warns, this currency may face rapid devaluation due to an influx of artificial intelligence (AI)-generated material flooding the internet. The implications for eCommerce, digital marketing and consumer behavior are profound, potentially reshaping the online business landscape in both productive and concerning ways.

The study, currently awaiting peer review, paints a stark picture of the current state of online content. According to their findings, most generative AI (GenAI) users employ the technology to create and disseminate artificial content across the web. This includes everything from product images and reviews to marketing campaigns and social media personas.

This trend presents a double-edged sword for businesses operating in the digital sphere. On one hand, GenAI offers unprecedented opportunities for content creation and customer engagement. Small enterprises can now produce professional-quality marketing materials at a fraction of the traditional cost, potentially leveling the playing field with larger competitors.

However, the proliferation of AI-generated content also poses significant challenges. As consumers become increasingly skeptical of the authenticity of online information, businesses may find it harder to build trust and credibility with their target audience. This erosion of faith could have far-reaching consequences for eCommerce, potentially impacting conversion rates and customer loyalty.

The researchers highlighted several key areas where GenAI is used to blur the lines between authenticity and deception. These include creating fake product reviews, manipulating images to misrepresent goods or services, and generating misleading or fabricated news articles to influence consumer opinion.

Perhaps most concerning for the eCommerce sector is the studys finding that a significant portion of GenAI content is being deployed with a discernible intent to influence public opinion, enable scam or fraudulent activities, or to generate profit. This suggests unscrupulous people are leveraging GenAI to gain unfair advantages in the digital marketplace.

The accessibility of these powerful AI tools is exacerbating the problem. As the researchers noted, many GenAI systems now require minimal technical expertise to operate, democratizing the ability to create convincing fake content. This ease of use has led to a surge in AI-generated material across various online platforms, from social media to eCommerce sites.

This new reality presents a complex challenge for established online retailers and digital brands.

How can retailers maintain consumer trust and differentiate their authentic offerings from a sea of potentially artificial competitors? Some companies are turning to blockchain technology and other verification methods to prove the authenticity of their products and content. Others are doubling down on personalized, human-centric marketing approaches that AI struggles to replicate convincingly.

The impact on consumer behavior is equally significant. The study suggests that the proliferation of AI-generated content is testing peoples capacity to discern fake from real. This growing skepticism could change how consumers interact with online content and make purchasing decisions. Some industry analysts predict a shift toward more reliance on trusted influencers and personal networks for product recommendations, potentially disrupting current digital marketing strategies.

Moreover, the researchers warn of a potential skepticism overload, where consumers become overwhelmed by the need to verify the authenticity of online information constantly. This could lead to a paradoxical situation where some users simply disengage from critical evaluation altogether, potentially making them more vulnerable to misinformation and scams.

The eCommerce industry is already responding to these challenges.

Major platforms are investing heavily in AI detection tools and content moderation systems. Some are exploring using watermarking techniques for AI-generated content, allowing users to identify synthetic material easily. However, as AI technology advances, many worry that detection methods will struggle to keep pace.

The study also raises important questions about the role of Big Tech companies in this evolving landscape. While not explicitly named in the paper, industry giants like Google have been at the forefront of developing and deploying GenAI technologies. These companies now face the complex task of balancing innovation with responsibility as they grapple with the unintended consequences of the tools theyve helped create.

GenAI will play an increasingly central role as the digital economy evolves. Businesses, consumers and regulators will face the challenge of harnessing the technologys potential while mitigating its risks. In this new era of digital commerce, the ability to navigate the blurred lines between authentic and artificial intelligence may well become a key determinant of success.

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How GenAI is Reshaping eCommerce and Consumer Trust - PYMNTS.com

Humanoid robots powered by AI turn heads at the World Artificial Intelligence Conference – Lufkin Daily News

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United Arab Emirates United Kingdom of Great Britain & N. Ireland Uruguay, Eastern Republic of Uzbekistan Vanuatu Venezuela, Bolivarian Republic of Viet Nam, Socialist Republic of Wallis and Futuna Islands Western Sahara Yemen Zambia, Republic of Zimbabwe

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Humanoid robots powered by AI turn heads at the World Artificial Intelligence Conference - Lufkin Daily News

Everything You Need to Know About How Artificial Intelligence Transforming Travel and Tourism Industry – Travel And Tour World

Home HOTEL NEWS Everything You Need to Know About How Artificial Intelligence Transforming Travel and Tourism Industry

Saturday, July 6, 2024

The travel and tourism industry stands on the brink of a technological revolution driven by artificial intelligence (AI). Over the next decade, AI is set to enhance personalisation for travellers and significantly improve industry-wide efficiency.

From streamlining booking processes to revolutionizing customer service, AIs potential is vast and varied. This article explores how AI technology is becoming integral to hotels, travel booking systems, and the broader hotel industry. Jason Bradbury, the renowned British television presenter and technology expert, shares his insights at Travel Tech Show in London, United Kingdom on how artificial intelligence (AI) is set to revolutionize the travel and tourism industry.

AIs ability to analyze vast amounts of data in real time is transforming how travellers plan their journeys. By leveraging AI algorithms, travel companies can offer highly personalised experiences tailored to individual preferences. These smart algorithms consider past travel behaviour, preferences, and real-time data to suggest destinations, activities, and accommodations that align with a travellers unique tastes.

For example, when booking a trip, AI can analyze a customers previous travel history and current interests to recommend suitable destinations and activities. This level of personalisation not only enhances the travel experience but also increases customer satisfaction and loyalty.

The traditional travel booking process often involves numerous steps, including searching for flights, hotels, and rental cars, as well as filling out various forms and making payments. AI is poised to simplify this process dramatically. AI-powered chatbots and virtual assistants can handle complex queries and transactions, guiding customers through each step of the booking process seamlessly.

These AI systems can quickly search through vast databases of flights, hotels, and car rentals to find the best options based on the travellers preferences and budget. Additionally, AI can manage the tedious task of form-filling, ensuring that all necessary information is accurately and efficiently entered. This automation reduces the likelihood of errors and significantly speeds up the booking process.

One of the most impactful applications of AI in the travel industry is in customer service. AI-powered chatbots and virtual assistants are available 24/7 to handle customer inquiries and issues. These systems can understand and respond to natural language queries, providing accurate and timely information to customers.

For instance, if a traveller encounters a problem with their booking or needs information about local attractions, an AI-powered chatbot can provide immediate assistance. This not only improves the customer experience but also reduces the workload on human customer service agents, allowing them to focus on more complex issues that require a personal touch. Several luxury hotels are at the forefront of integrating AI into their services to enhance the guest experience. For instance, the Hilton Hotel chain uses AI-powered concierge services through their Connie robot, which provides guests with information about hotel amenities and local attractions. The Wynn Las Vegas has incorporated Amazon Echo devices in all their rooms, allowing guests to control room features and make service requests via voice commands. The Henn-na Hotel in Japan is known for its extensive use of robots and AI, from check-in to room service. These examples highlight how luxury hotels are leveraging AI to provide exceptional service and convenience to their guests.

AI is also revolutionizing the hotel check-in and check-out processes. Traditional check-in procedures often involve long queues and paperwork. With AI, hotels can offer a seamless and efficient check-in experience. Guests can check in online or through a mobile app, receive a digital room key, and go straight to their room upon arrival. Similarly, the check-out process can be automated, allowing guests to settle their bills and receive receipts electronically.

This automation not only enhances the guest experience but also allows hotel staff to focus on providing personalized services to guests. By reducing the time spent on administrative tasks, staff can engage more with guests, improving overall service quality.

One of the most impactful applications of AI in the travel industry is in customer service. AI-powered chatbots and virtual assistants are available 24/7 to handle customer inquiries and issues. These systems can understand and respond to natural language queries, providing accurate and timely information. For example, if a traveler encounters a problem with their booking or needs information about local attractions, an AI-powered chatbot can provide immediate assistance. This not only improves the customer experience but also reduces the workload on human customer service agents, allowing them to focus on more complex issues that require a personal touch.

AIs predictive capabilities are also transforming hotel operations. By analyzing data from various sensors and systems, AI can predict when equipment is likely to fail and schedule maintenance before a breakdown occurs. This predictive maintenance helps hotels avoid costly downtime and ensures that facilities are always in optimal condition.

Furthermore, AI can optimize energy usage within hotels by analyzing patterns in occupancy and usage. For instance, AI can adjust heating, cooling, and lighting based on real-time data, reducing energy consumption and operational costs.

While the benefits of AI in the travel and tourism industry are clear, there are also challenges to consider. Data privacy and security are paramount, as the increased use of AI involves handling large amounts of personal information. Travel companies must ensure that they have robust data protection measures in place to safeguard customer information.

Additionally, the integration of AI technology requires significant investment in infrastructure and training. Companies must be willing to invest in the necessary technology and ensure that their staff are adequately trained to work alongside AI systems.

AI is poised to revolutionize the travel and tourism industry over the next decade. By enhancing personalisation, streamlining booking processes, improving customer service, and optimizing operations, AI will significantly improve the travel experience for customers and drive efficiency across the industry. As travel companies continue to adopt and integrate AI technology, they will be better positioned to meet the evolving needs and expectations of modern travellers.

Tags: artificial intelligence, artificial intelligence news, customer service, Google, international travel news, Jason Bradbury, technology, technology news, Travel, travel and tourism industry, travel industry, Travel News, Travel Tech Show, Trending

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Everything You Need to Know About How Artificial Intelligence Transforming Travel and Tourism Industry - Travel And Tour World

Top 3 Artificial Intelligence (AI) Coins of the First Week of July 2024 – BeInCrypto

The Artificial Intelligence token space has surged considerably this year, and the beginning of Q3 witnessed a major event in this industry.

BeInCrypto has put together a list of tokens that not only performed well during this bearish week but also deserve investors attention.

Zignlays 2.5% price rise was the best performance by an AI token this week. The crypto assets early rise during the previous weekend countered the decline over the last four days. ZIG is thus currently changing hands at $0.105.

It is attempting to close above the crucial support at $0.105, one that has been rested as resistance in the past. Securing it as support would enable recovery towards $0.112.

Read More: How Will Artificial Intelligence (AI) Transform Crypto?

However, failure to do so would mean additional potential losses for the token. A drop to $0.093 is likely, and the same would invalidate the bullish thesis.

While Aethir is a newly launched token, despite its strength, it has not conceded to the broader market trends. Trading at $0.066, ATHs price is looking at consolidation over a decline.

This consolidation range spans between $0.077 and $0.063. The altcoin, still a newcomer in the space, aims to facilitate DePINs role as a GPU cloud computing aggregator. Given DePINs considerable demand over the past few days, ATH is saved from losses.

Read More: How To Invest in Artificial Intelligence (AI) Cryptocurrencies?

Nevertheless, if ATHs price were to drop below the support of $0.063 again, a drawdown to $0.057 is likely. Losing it would invalidate the consolidation thesis.

The Artificial Superintelligent Alliance is one of the biggest events in the AI sector this quarter. As Ocean Protocol (OCEAN) and SingularityNET (AGIX) merged into Fetch.ai (FET), their collective identity has been converted into ASI.

They began the token merger this week and expect to complete it by mid-July. Until then, the Artificial Superintelligent Alliance will trade under the FET ticker. This altcoin, which now holds a market capitalization of almost $3 billion, has become the second biggest asset in the AI token market.

However, FET remained consolidated between $1.7 and $1.0 as the mergers bullishness encountered resistance from the broader market decline.

Read More: Top 9 Artificial Intelligence (AI) Cryptocurrencies in 2024

Therefore, this consolidation will continue in the coming days until the merger is completed, and the resulting bullishness will help FET break out of it.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that ourTerms and Conditions,Privacy Policy, andDisclaimershave been updated.

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Top 3 Artificial Intelligence (AI) Coins of the First Week of July 2024 - BeInCrypto

AI is a Problem For Black Folks, Here’s How We Can Improve It – The Root

How many of you reading this use AI daily? If youre thinking, Not me, think again...just about all of us do. From unlocking our phones with facial recognition to scrolling through social media, artificial intelligence is everywhere and only becoming more pervasive. Its like having an invisible assistant that you didnt ask for but cant live without.

Susan Heyward on Season Four of The Boys

Susan Heyward on Season Four of The Boys

AI is also rapidly becoming part of our entertainment landscape used in ways that at once surprise and deceive us. Kendrick Lamar mightve been the first rapper to become the face of AI literally and figuratively with his 2022 music video The Heart Part 5, Lamar and director Dave Lee used AI as part of the songs artistic statement.

Earlier this year, amid the Kendrick-Drake rap beef that had everyone in a chokehold, an AI-generated diss track using Lamars voice fooled many into believing it was the real thing, raising concerns about the darker side of AI and ethics in music production.

Beyond the use (or misuse) of AI in pop culture, there are a multitude of real-world problems with artificial intelligence. And if we dont pay attention, well continue to be the victims of societal biases. To start, generative AI is expected to exacerbate the racial wealth gap because Black workers are overrepresented in roles that AI is likely to replace. Facial recognition technology is far less accurate for Black faces especially Black women and this unreliability goes far beyond a technical glitch, it can lead to wrongful arrests and other serious consequences. AI is also transforming the hiring process by deciding which resumes to read and share. Because these systems reflect systemic biases, it has led to the exclusion of qualified Black candidates.

AI systems can misrepresent our culture and spread misinformation about our history. This isnt a matter of computers occasionally getting it wrongits about stopping the perpetuation of harmful stereotypes that erase our identity.

The companies involved in training large language models (LLMs) like OpenAIs GPT-4, also bear high responsibility. One Black employee who formerly worked with AI training company Data Annotation Tech found themselves booted from the platform after frequently calling out racial bias. The worker also confirmed that all of their Black referrals have been fully ignored. Its like the adage If you see something, say something, except in this case, they were kicked out for it.

In a cruel and abusive irony, OpenAI abused Kenyan workers in what they called an effort to make ChatGPT less toxic, while only paying them $2 per hour. Were certain these companies could say its just a coincidence or point to other reasons for leaving us out of the process, but the fact remains: were being excluded.

Like most technological advances, AI could be a game-changer for us if we play it right. It could improve healthcare and education, and even begin fixing systemic biases in banking. But for this to happen, we have to stay informed and get proactive. If not, we risk AI becoming the high-tech version of a nosy neighbor whos always in our business but never quite gets the story right.

To start, we need to demand better representation in the tech industry. When were involved in developing and implementing AI, we can help ensure these systems actually work for the betterment of our culture. AI is clearly here to stay, so its up to our community to ensure it works for us, not against us.

By staying informed, getting involved, and being proactive, we can help ensure that AI technologies are developed with our needs and perspectives in mind, rather than perpetuating existing biases and inequalities.

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AI is a Problem For Black Folks, Here's How We Can Improve It - The Root

China-led resolution on artificial intelligence passes in United Nations – South China Morning Post

In a diplomatic win for Beijing on Monday, the United Nations General Assembly unanimously adopted a China-led resolution that urges the international community to create a free, open, inclusive and non-discriminatory business environment among wealthy and developing nations for artificial intelligence development.

More than 140 nations, including the United States, co-sponsored the non-binding resolution affirming that all nations should enjoy equal opportunities in the non-military domain, calling for global cooperation to assist developing countries facing unique challenges and ensure they will not be further left behind.

Fu Cong, Chinas permanent representative to the United Nations, said after the assembly session that a fragmented approach toward AI, toward the digital technology, is not going to benefit anybody.

He added that the resolution was proposed to emphasize the important role that the UN could play on AI governance as the most inclusive organization.

Describing the significance of the measure as great and far-reaching, the envoy noted that AI technology was advancing quickly and the gap between the North and South, especially between the developing countries and the developed countries, is also widening.

Ambassador Fu, who served as the director-general of the department of arms control at the Chinese foreign affairs ministry from 2018 to 2022, also said that China was very thankful, and were very appreciative of the positive role that the US has played in this whole process.

He added that the issue of AI had been discussed at a very senior level, at the foreign-ministers level, and also even at the head-of-state level.

So we do look forward to intensifying our cooperation with the United States, and, for that matter, with all countries in the world on this issue, he said.

Beijings initiative also follows the assemblys adoption of the first global resolution on AI in March. Proposed by Washington and co-sponsored by China and over 120 nations, the measure encouraged countries to safeguard human rights, protect personal data and monitor AI for potential risks.

A senior official from US President Joe Bidens administration later said that consensus had been achieved after intense discussions among countries with differing views.

On Monday, Ambassador Fu called the two resolutions complementary, saying the earlier one was more general and the Chinese one was more focused on the capacity building.

Beijing has sought to incorporate voices from the developing world into discussions on managing AI. In October, China released its Global AI Governance Initiative, saying that all countries, regardless of their size, strength, or social system, should have equal rights to develop and use AI.

Beijing is seen as trying to ensure that the US solely does not dominate the discourse on setting global standards for AI.

The US and China also remain locked in a competition to advance in the hi-tech fields of AI and semiconductors.

In March, Washington revised regulations further limiting Chinas access to US-made AI chips and chip-making tools. The export controls were initially introduced in October 2022 to prevent Beijing from leveraging American technology for military modernization. They were updated a year later to eliminate loopholes.

In another push to hobble Beijings ability to gain cutting-edge technologies like semiconductors, quantum computing and AI, Biden signed an executive order in August 2023 banning US individuals and companies from investing in sensitive sectors in China.

05:03

How does Chinas AI stack up against ChatGPT?

How does Chinas AI stack up against ChatGPT?

The US Treasury Department, which is defining the restrictions in the measure, said last week that they would focus on the next generation of military, intelligence, surveillance or cyber-enabled capabilities that pose national security risks to the United States.

On Monday, Ambassador Fu called on the US to lift the sanctions in line with the newly adopted resolution.

If people are true to the content of this resolution, it says that it is important to foster inclusive business environment. We dont think that the US actions [are] along that line, he said.

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China-led resolution on artificial intelligence passes in United Nations - South China Morning Post

The US intelligence community is embracing generative AI – Nextgov/FCW

The normally secretive U.S. intelligence community is as enthralled with generative artificial intelligence as the rest of the world, and perhaps growing bolder in discussing publicly how theyre using the nascent technology to improve intelligence operations.

We were captured by the generative AI zeitgeist just like the entire world was a couple of years back, Lakshmi Raman, the CIAs director of Artificial Intelligence Innovation said last week at Amazon Web Services Summit in Washington, D.C. Raman was among the keynote speakers for the event, which had a reported attendance of 24,000-plus.

Raman said U.S. intelligence analysts currently use generative AI in classified settings for search and discovery assistance, writing assistance, ideation, brainstorming and helping generate counter arguments. These novel uses of generative AI build on existing capabilities within intelligence agencies that date back more than a decade, including human language translation and transcription and data processing.

As the functional manager for the intelligence communitys open-source data collection, Raman said the CIA is turning to generative AI to keep pace with, for example, all of the news stories that come in every minute of every day from around the world. AI, Raman said, helps intelligence analysts comb through vast amounts of data to pull out insights that can inform policymakers. In a giant haystack, AI helps pinpoint the needle.

In our open-source space, weve also had a lot of success with generative AI, and we have leveraged generative AI to help us classify and triage open-source events to help us search and discover and do levels of natural language query on that data, Raman said.

A thoughtful approach to AI

Economists believe generative AI could add trillions of dollars in benefits to the global economy annually, but the technology is not without risks.Countless reports showcase so-calledhallucinations or inaccurate answers spit out by generative AI software. In national security settings, AI hallucinations could have catastrophic consequences. Senior intelligence officials recognize the technologys potential but must responsibly weigh its risks.

Were excited to see about the opportunity that [generative AI] has, Intelligence Community Chief Information Officer Adele Merritt told Nextgov/FCW in an April interview. And we want to make sure that we are being thoughtful about how we leverage this new technology.

Merritt oversees information technology strategy efforts across the 18 agencies that comprise the intelligence community. She meets regularly with other top intelligence officials, including Intelligence Community Chief Data Officer Lori Wade, newly-appointed Intelligence Community Chief Artificial Intelligence Officer John Beieler and Rebecca Richards, who heads the Office of the Director of National Intelligences Civil Liberties, Privacy and Transparency Office, to discuss and ensure AI efforts are safe, secure and adhere to privacy standards and other policies.

We also acknowledge that theres an immense amount of technical potential that we still have to kind of get our arms around, making sure that were looking past the hype and understanding whats happening, and how we can bring this into our networks, Merritt said.

At the CIA, Raman said her office works in concert with the Office of General Counsel and Office of Privacy and Civil Liberties to address risks inherent to generative AI.

We think about risks quite a bit, and one of the risks we really think about are, how will our users be able to use these technologies in a safe, secure and trusted way? Raman said. So thats about making sure that theyre able to look at the output and validate it for accuracy.

Because security requirements are so rigorous within the intelligence community, far fewer generative AI tools are secure enough to be used across its enterprise than in the commercial space. Intelligence analysts cant, for example, access a commercial generative AI tool like ChatGPT in a sensitive compartmented information facility pronounced "skiff" where some of their most sensitive work is performed.

Yet a growing number of generative AI tools have met those standards and are already impacting missions.

In March, Gary Novotny, chief of the ServiceNow Program Management Office at CIA, explained how at least one generative AI tool was helping reduce the time it took for analysts to run intelligence queries. His remarks followed a 2023 report that the CIA was building its own large language model.

In May, Microsoft announced theavailability of GPT-4 for users of its Azure Government Top Secret cloud, which includes defense and intelligence customers. Through the air-gapped solution, customers in the classified space can make use of a tool very similar to whats used in the commercial space. Microsoft officials noted security accreditation took 18 months, indicative of how complex software security vetting at the highest levels can be even for tech giants.

Each of the large commercial cloud providers are making similar commitments. Google Cloud is bringing many of its commercial AI offerings to some secure government workloads, including its popular Vertex AI development platform. Similarly, Oracles cloud infrastructure and associated AI tools are now available in its U.S. government cloud.

Meanwhile AWS, the first commercial cloud service provider toserve the intelligence community, is looking to leverage its market-leading position in cloud computing to better serve growing customer demands for generative AI.

The reality of generative AI is youve got to have a foundation of cloud computing, AWS Vice President of Worldwide Public Sector Dave Levy told Nextgov/FCW in a June 26 interview at AWS Summit. Youve got to get your data in a place where you can actually do something with it.

At the summit, Levy announced AWS Public Sector Generative AI Impact Initiative, a two-year, $50 million investment aimed at helping government and education customers address generative AI challenges, including training and tech support.

The imperative for us is helping customers understand that journey, Levy said.

On June 26, AI firm Anthropics chief executive officer Dario Amodei and Levy jointly announced the availability of Anthropics Claude 3 Sonnet and Claude 3 Haiku AI models to U.S. intelligence agencies. The commercially-popular generative AI tools are now available through the AWS Marketplace for the U.S. Intelligence Community, which is essentially a classified version of its commercial cloud marketplace.

Amodei said that while Anthropic is responsible for the security of the large language model, it partnered with AWS because of its superior cloud security standards and reputation as a public sector leader in the cloud computing space. Amodei said the classified marketplace, which allows government customers to spin up and try software before they buy it, also simplifies procurement for the government. And, he said, it gives intelligence agencies the means to use the same tools available to adversaries.

The [Intelligence Community Marketplace] makes it easier, because AWS has worked with this many times, and so we dont have to reinvent the wheel, Amodei said. AI needs to empower democracies and allow them to function better and remain competitive on the global stage.

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The US intelligence community is embracing generative AI - Nextgov/FCW

Star Trek open thread: A long way away from true artificial intelligence – Daily Kos

The term artificial intelligence is thrown around too loosely these days. For example, I was looking at an old student project on GitHub,a tic-tac-toe program. The programmer, who back then was a student, described his program as an artificial intelligence.

Its not artificial intelligence. The game engine is simply an algorithm that scans the available spaces and determines if placing an X or an O on that square wins the game. Theres no consciousness, no judgement based on the programs past experience.

Even with chess, claims of artificial intelligence are frequently exaggerated. Chess programs, along with many other programs, have gotten so fast that it is quite easy for a chess program to simply consider all possible game branches to a given depth (e.g., three moves ahead) and choose the most advantageous path.

Maybe for the endgame a chess program switches to evaluating positions according to a specialized endgames database. Even so, this doesnt have to be artificial intelligence. There might be some simple threshold, such as that when there are fewer than nine pieces on the board, switch to endgame mode.

Despite how good computers have gotten at chess, they have not put professional chess players out of work. The only way Im attending a tournament of computers playing chess is if my own chess program is competing, and Im moving very slowly on that one.

Though on the other hand, there are so few professional players in the world that putting them all out of work would not be as impactful as, for example, putting all marketing copy writers out of work, or putting all graphic designers out of work.

Despite the obvious shortcomings of the artificial intelligence that is available today,corporate executivesare still eager to use it to replace human writers, artists and anyone else they can think of.

A couple of weeks ago, I asked SDXL to generate for me a few images of William Shakespeare in a coffee shop writing a play on a laptop computer. All of the results were bad in varying degrees. The best image, in my opinion, the only one I thought worth posting here, still has some obvious flaws that you will notice even if you know very little about Shakespeare.

Now suppose that in an episode of a Star Trek show one of the main characters goes to a holodeck and asks the computer to render Shakespeare. The holodeck Shakespeare willalmost certainly have two hands with five fingers each, and on each hand each finger will have the expected number of joints (one fewer for the thumb than the other four).

Of course thats because from a real-world viewpoint, the producers of the show will hire a human actor to portray Shakespeare. In the story, its because the holodeck computer understands how humans are put together and how they move.

Looking at Star Trek as a promise for the future, its clear that A.I. has a very long way to go.

In much of Star Trek (the original series), computers store and retrieve lots of information, and automate many repetitive processes, but they dont really show creativity.

However, the original series episode The Ultimate Computer is rather prescient of the fears many have about A.I. today. The titular computer is the new M-5, which has just been installed aboard the Enterprise. Roger Thompson for CounterPunch.org:

In the early scenes [of the episode], Captain Kirk [(William Shatner)] expresses concerns that he might be replaced by the machine, a fear that is now common in many quarters.

There is ademonstration of the M-5s capabilities early on in the episode that does nothing to assuage Kirks fears. The powerful computer is tasked with naming crew members for a landing party to go down to the planet the Enterprise is currently orbiting. The M-5 makes the same choices as Captain Kirk, with one glaring and galling exception: the M-5 doesnt think Kirk needs to go down to the planet.

But even ChatGPT would be able to put together a landing party roster. War games will be the true test of the M-5.

When the M-5 begins its rampage during the war games, Kirk convinces the machines creator, Dr. Daystrom [(William Marshall)], to talk to it and try to make it stop, but Daystrom suffers a nervous breakdown before he can get the M-5 to discontinue the attack. Kirk then proves the M-5 is guilty of murder, and the computer shuts itself off and leaves theEnterpriseunable to defend herself from attack from the surviving ships in Commodore Wesleys attack force. Fortunately, Wesley [(Barry Russo)] decides not to destroy theEnterprise, and Kirk comments that he knew that Wesley would act with compassion. Dr. McCoy [(DeForest Kelley)], always true to character, then remarks: Compassion. Thats the one thing no machine ever had. Maybe its the one thing that keeps men ahead of them.

Not sure I agree with the good doctor on this one. If the M-5 can feel guilt, cant it also feel compassion? But if it couldnt feel guilt, wouldnt it just have gone ahead and destroyed all the ships in the war games?

How exactly the M-5 works is left very vague. But with Lt. Commander Data (Brent Spiner) on Star Trek: The Next Generation, the super-strong and super-smart android who is second in line to command the Enterprise-D should something unfortunate happen to Captain Picard, we get a much clearer idea of what the androids intelligence is based on. Datas brain essentially has an LLM.

I quote now from the page about violinists at Memory Alpha. I like Memory Alpha, despite the annoying tendency to use past tense for absolutely everything.

In2366,Datacombined the differing styles of violinistsJascha HeifetzandTrenka Bron-Kenexpertly.Jean-Luc Picardconvinced him that having done so evidenced that he had not merely imitated their techniques, but created something new from them. (TNG: "The Ensigns of Command")

Later that year, Data askedPerrinwhose style of the over three hundredconcertviolinists that he had been programmed with that she fancied. Among themanywere Heifetz,Yehudi Menuhin,Grak-tay, andTataglia. She chose Tataglia. (TNG: "Sarek")

I know who Jascha Heifetz and Yehudi Menuhin are, I have recordings by them in my iTunes collection. Id be hard-pressed to identify in-universe what stylistic details Data will take from them, though of course from a production point of view I strongly doubt the recording violinists were given the direction to mix the styles of Heifetz and Menuhin with fictional violinists of their own imagining.

Data surely has books like The Art of String Quartet Playing by Mary D. Herter Norton in his memory banks and can quote them at will. But he also has the experience of handling an actual violin and playing it in an ensemble with human players whose intonation and rhythm might not be quite as precise as his.

Unlike todays LLMs, Data understands that he can get things wrong sometimes. In the episode Cause and Effect, he realizes he got it wrong multiple times when its too late, but he will still be able to send a message to when its too early for anyone to understand whats going on.

Before anyone complains, I shouldsay something about spoilers. So far Ive only mentioned episodes that first aired more than thirty years ago. If youve read this far, you either have watched these episodes many times and know them by heart, or you havent watched them but know so much about more recent episodes, movies and series that its not a spoiler to tell you that the Enterprise gets destroyed and undestroyed several times.

At the crucial moment when everything is about to go wrong, Captain Picard (Patrick Stewart) listens to his senior officers for ideas on how to avert annihilation, and decides to do what Lt. Commander Data suggests.

It is during the explosion that Data realizes that the right thing to do is what Commander Riker (Jonathan Frakes) suggests. The Enterprise blows up and the time loop is reset. As the time loop starts a new iteration, Datas strange message from the future becomes more insistent: the number 3, corresponding to the three pips on Commander Rikers uniform.

For all Data's knowledge and ability, Starfleet still considers Commander Riker to be more qualified than Data to command a starship.

In the second part of the Redemption two-parter, Picard is trying to set up a detection grid to catch Romulans supplying weapons to one side in a Klingon civil war. Given the short notice, Picard can only assemble a small complement of random undermanned ships. Picard sends some of his senior officers to captain some of the ships.

First time I watched the episode, I was skeptical of the detection grid idea, but mostly because the diagram we see on the screen suggests a two-dimensional grid. If the Romulans can come all the way from Romulus, surely they can go around a detection grid that doesnt surround the whole planet. But lets put that aside, lets just say that either I misunderstood the diagram or the graphics department messed up the diagram.

Picard assigns Data to command the USS Sutherland. Lieutenant Hobson (Timothy Carhart) decides hes going to be the shadow captain of the Sutherland. No, actually, shadow captain is the wrong term, it implies that Hobson will treat the nominal captain with a bare minimum of respect and deference.

But from the moment Data comes aboard, Hobson openly disrespects the android, who has earned the same rank in Starfleet from years of experience, and Datas experience includes almost five years aboard the flagship of the fleet.

We may doubt that Data bases his violin playing on Heifetz or Menuhin, but its clear that he bases his leadership style on Picards example, calmly listening to his subordinates and treating them as professionals rather than recruits at boot camp.

But that style wont quite work with Hobson, who is always ready to substitute his own judgement for that of an artificial intelligence he does not respect.

Once again at a crucial moment, Data realizes that what needs to be done is not the obvious thing everyone assumes. The Romulans notice a hole in the detection grid and go to it. Data decides that he needs to make the hole bigger and fire a shot in the dark to illuminate the cloaked Romulan ship.

With Captain Picard saying the gap needs to be closed, Hobson obviously doesnt want to do the crazy idea that the android has just come up with. So Data feigns anger, like hes going to punch Hobson in the face if Hobson doesnt do what Data orders.

And so, the Romulan ship is detected, and the Romulans decide to abandon their favored side in the Klingon civil war. I dont think ChatGPT would come up with that idea.

The open thread question: Assuming the continuation of human civilization to the 24th Century, how do you think artificial intelligence will progress?

Feel free to mention pertinent examples from newer shows like Star Trek: Discovery and Star Trek: Picard. But please, no bashing of those shows just to bash them.

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Star Trek open thread: A long way away from true artificial intelligence - Daily Kos

OPCW launches 260,000 Artificial Intelligence Research Challenge | OPCW – Organisation for the Prohibition of Chemical Weapons

THE HAGUE, Netherlands 2 July 2024The Organisation for the Prohibition of Chemical Weapons (OPCW) launched a crowdsourcing challenge for researchers and scientists from all OPCW Member States to propose innovative artificial intelligence (AI) systems and approaches that could be used by the Organisation to enhance its capabilities and support adaptation towards future challenges. The deadline for submissions is 16:00 CET on 9 August 2024.

The OPCW and its Scientific Advisory Board (SAB) have been closely monitoring recent developments in AI and considering both the risks they may pose and the opportunities they could offer. The SAB recognises that AI could offer many benefits to the work of the Organisation, helping it achieve its mission to rid the world of chemical weapons. This Challenge aims to leverage AI technology to establish new capabilities within the OPCW or to further develop existing ones, ensuring the Organisation is best equipped and prepared to address current and future threats. The Challenge is seeking AI solutions to build capabilities specifically relating to implementation of the Chemical Weapons Convention, and not to the OPCWs business processes. Examples include document analysis to identify emerging threats or trends, data mining in chemical forensics, medical countermeasure design, and open-source data analysis to corroborate reports of chemical weapons use. Proposals from research teams in all OPCW Member States are strongly encouraged.

Following the review of all submissions by the Technical Evaluation Team, consisting of members of the SAB and qualified OPCW Technical Secretariat staff, a total of four proposals will be awarded up to 65,000 for the purpose of developing the project over the course of one year. The AI Challenge is funded by the European Union and the United Kingdom of Great Britain and Northern Ireland.

All questions and submissions should be sent to OPCW Procurement.

The OPCW SAB comprises 25 independent experts from OPCW Member States. Its role is to provide advice to the Director-General relating to developments in scientific and technological fields that are relevant to the Chemical Weapons Convention. On request, the SAB also provides advice to the OPCW Technical Secretariat on technical matters related to the implementation of the Convention, including on cooperation and assistance.

As the implementing body for the Chemical Weapons Convention, the OPCW, with its 193 Member States, oversees the global endeavour to permanently eliminate chemical weapons. Since the Conventions entry into force in 1997, it is the most successful disarmament treaty eliminating an entire class of weapons of mass destruction.

In 2023, the OPCW verified that all chemical weapons stockpiles declared by the 193 States Parties to the Chemical Weapons Convention since 1997 totalling 72,304 metric tonnes of chemical agents have been irreversibly destroyed under the OPCWs strict verification regime.For its extensive efforts in eliminating chemical weapons, the OPCW received the 2013 Nobel Peace Prize.

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OPCW launches 260,000 Artificial Intelligence Research Challenge | OPCW - Organisation for the Prohibition of Chemical Weapons

Artificial Intelligence in Medicine Market is set to Fly High Growth in Years to Come| Alphabet, Berg Health, BioXcel … – openPR

Artificial Intelligence in Medicine Market

Get free access to Sample Report in PDF Version along with Graphs and Figures @ https://www.advancemarketanalytics.com/sample-report/4225-global-artificial-intelligence-in-medicine-market?utm_source=OpenPR/utm_medium=Rahul

Some of the key players profiled in the study are: Alphabet Inc. (Google Inc.) (United States), Berg Health (United Kingdom), BioXcel Corporation (United States), Enlitic Inc. (United States), Intel Corporation (United States), General Vision (United States), IBM Corporation (United States), Microsoft Corporation (United States), Nvidia Corporation (United States), Welltok Inc. (United States) Artificial intelligence (AI) is a field of computer science that can analyse large amounts of medical data. In many clinical settings, their ability to exploit significant relationships within a data collection may be employed in diagnosis, treatment, and prediction of result. Artificial intelligence in medicine can be defined as a scientific discipline concerned with research studies, projects, and applications aimed at assisting decision-based medical tasks through knowledge- and/or data-intensive computer-based solutions that ultimately support and improve a healthcare professional's performance. The lack of qualified healthcare workers and the development in the processing capacity of AI systems are two significant reasons driving the expansion of the AI in medicine market, which is expected to assist enhance the efficiency of drug discovery and clinical trial management.

On 12th April, 2021 " Microsoft Announced Its Acquisition of Nuance Communications (Leading Speech to Text Solution Provider), Valued at USD $19.7 Billion. The Deal is Aimed to Microsofts Strategic Expansion Across Healthcare Vertical, which is Followed by the Launch of Microsoft Cloud for Healthcare.

Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Artificial Intelligence in Medicine Market various segments and emerging territory.

Influencing Market Trend Technical Progress in Medical Industry Market Drivers Digitization Across Different Industry Verticals High Investment in Medical R&D Opportunities: Growth in Healthcare Infrastructure Across Emerging Regions Challenges: Fierce Competitive Pressure

Analysis by Type (Hardware, Software, Service), Application (Drug Discovery, Clinical Research Trial, Personalized Medicine, Others), Technology (Deep Learning, Querying Method, Natural Language Processing, Context Aware Processing)

Have Any Questions Regarding Global Artificial Intelligence in Medicine Market Report, Ask Our Experts@ https://www.advancemarketanalytics.com/enquiry-before-buy/4225-global-artificial-intelligence-in-medicine-market?utm_source=OpenPR/utm_medium=Rahul

The regional analysis of Global Artificial Intelligence in Medicine Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2024-2030.

Table of Content Chapter One: Industry Overview Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis Chapter Three: Production Market Analysis Chapter Four: Sales Market Analysis Chapter Five: Consumption Market Analysis Chapter Six: Production, Sales and Consumption Market Comparison Analysis Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis Chapter Eight: Competition Analysis by Players Chapter Nine: Marketing Channel Analysis Chapter Ten: New Project Investment Feasibility Analysis Chapter Eleven: Manufacturing Cost Analysis Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers

Read Executive Summary and Detailed Index of full Research Study @ https://www.advancemarketanalytics.com/reports/4225-global-artificial-intelligence-in-medicine-market?utm_source=OpenPR/utm_medium=Rahul

Highlights of the Report The future prospects of the global Artificial Intelligence in Medicine market during the forecast period 2024-2030 are given in the report. The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report. The emerging technologies that are driving the growth of the market are highlighted in the report. The market value of the segments that are leading the market and the sub-segments are mentioned in the report. The report studies the leading manufacturers and other players entering the global Artificial Intelligence in Medicine market.

Contact Us: Craig Francis (PR & Marketing Manager) AMA Research & Media LLP Unit No. 429, Parsonage Road Edison, NJ New Jersey USA - 08837 Phone: +1(201) 7937323, +1(201) 7937193 sales@advancemarketanalytics.com

About Author: Advance Market Analytics is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies' revenues. Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enables clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.

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Artificial Intelligence in Medicine Market is set to Fly High Growth in Years to Come| Alphabet, Berg Health, BioXcel ... - openPR

This is How You Can Imagine and Plan Trip with Your Tour Planner for Your Dream Destination with the Use of Artificial … – Travel And Tour World

Home NEWS UPDATES This is How You Can Imagine and Plan Trip with Your Tour Planner for Your Dream Destination with the Use of Artificial Intelligence and Mixed Reality

Friday, July 5, 2024

As technology continues to advance, the travel industry is set to undergo a significant transformation. Mixed reality (MR) and artificial intelligence (AI) are at the forefront of this revolution, promising to change how travel companies help customers imagine their experiences and promote sustainable travel practices.

In an exclusive interview with Travel And Tour World, Jason Bradbury, the British television presenter expresses his ideas and opinion on artificial intelligence and emerging technologies. Artificial intelligence (AI) and emerging technologies are revolutionizing various industries by enhancing efficiency, accuracy, and innovation. From healthcare to finance, AI-driven solutions and advancements in robotics, blockchain, and IoT are transforming traditional practices, enabling smarter decision-making, and creating new opportunities for growth and development in a rapidly evolving digital landscape.

Imagine walking into a travel agency and putting on a pair of VR glasses. Instantly, your living room becomes the setting of an Egyptian sunset or the interior of a luxurious hotel you are considering. This immersive experience allows customers to virtually explore destinations and accommodations before committing to a booking. By providing a realistic preview, travel companies can enhance customer satisfaction and reduce the likelihood of disappointment upon arrival.

While mixed reality transforms how we visualize travel, AI is revolutionizing various aspects of the travel industry, including sustainability. The negative impact of travel on local ecosystems is well-documented. However, AI promises significant innovations in resource management and materials science, positively affecting how travelers interact with the environment.

AI can optimize resource management in the travel industry, from energy consumption in hotels to water usage in resorts. Smart systems can analyze usage patterns and adjust settings in real-time to reduce waste and conserve resources. For instance, AI can manage lighting, heating, and cooling systems in hotels, ensuring they operate efficiently only when needed.

AI is also driving advancements in less polluting fuels and energy production. Machine learning algorithms can optimize fuel usage in transportation, reducing emissions and promoting cleaner travel options. Additionally, AI can enhance the efficiency of renewable energy sources, such as solar and wind power, making them more viable for use in the travel industry.

One of the significant environmental challenges in travel is plastic waste. AI can play a crucial role in waste clean-up and recycling efforts. For example, AI-powered robots can identify and sort recyclable materials more efficiently than human workers, reducing the amount of waste that ends up in landfills. Additionally, AI can help develop sustainable alternatives to traditional plastics, further minimizing the environmental footprint of travel.

As technology continues to evolve, the travel industry is poised for a significant transformation. One of the most exciting developments is the Apple Vision Pro, a cutting-edge device that combines mixed reality and advanced artificial intelligence (AI) to revolutionize how travelers experience and plan their journeys. This article explores the role of Apple Vision Pro in the travel industry and its potential to enhance customer experiences and promote sustainable travel practices.

Beond, heralded as the worlds first premium leisure airline, has taken a pioneering step by announcing its plan to offer the innovative Apple Vision Pro to select passengers on its flights to the Maldives, starting in July 2024.

This move marks the airline as the first to introduce such an advanced inflight entertainment option, promising an unparalleled immersive experience that blends Beonds exclusive onboard content with the enchanting allure of the Maldives.

Under the leadership of Chairman and CEO Tero Taskila, Beond is set to revolutionize the way inflight entertainment is perceived and experienced. By integrating the Apple Vision Pro into their service, Beond aims to elevate passengers journeys, offering them a glimpse into the stunning resort destinations and activities awaiting them in the Maldives. This innovative approach not only enhances the flight experience but also builds anticipation and excitement among passengers, setting the stage for their upcoming vacation.

Beonds commitment to providing a premium travel experience is evident in its careful selection of destinations and the continuous expansion of its inflight content library, which includes movies, games, and now, captivating visual showcases of the Maldives. The introduction of the Apple Vision Pro is a testament to the airlines dedication to leveraging technology to create memorable and luxurious experiences for its customers.

Mixed reality, which combines elements of virtual reality (VR) and augmented reality (AR), allows users to interact with both the physical and digital worlds. Although VR is still in its infancy, it is rapidly evolving. Within a decade, it will be commonplace for people to wear VR glasses, transforming their smartphones into immersive devices.

The Apple Vision Pro is designed to offer an unparalleled mixed reality experience, blending the physical and digital worlds seamlessly. This device allows users to visualize and interact with virtual environments in ways previously unimaginable. For the travel industry, this means a new era of immersive travel planning.

Imagine being able to explore your dream destination from the comfort of your home. With Apple Vision Pro, travelers can virtually visit exotic locations, walk through hotel rooms, and experience local attractions before making any bookings. This immersive preview helps customers make informed decisions, ensuring that their expectations align with reality. Travel agencies and tour operators can leverage this technology to showcase their offerings in a captivating and engaging manner, enhancing customer satisfaction and confidence.

Travel companies can use Apple Vision Pro to create interactive and personalized travel experiences. By integrating AI, the device can analyze user preferences and suggest tailored itineraries, accommodations, and activities. For example, if a user frequently searches for beach destinations, the device can recommend the best beach resorts and activities based on their interests. This level of personalization enhances customer engagement and loyalty.

Beyond sustainability, AI is enhancing customer experiences in numerous ways. Here are a few examples:

AI can analyze vast amounts of data to provide personalized travel recommendations based on individual preferences and past behavior. This ensures that customers receive tailored suggestions that match their interests, making their travel experiences more enjoyable.

AI-powered chatbots and virtual assistants can handle complex booking queries, providing real-time assistance and support. These systems can streamline the booking process, reducing wait times and ensuring that customers find the best options for their needs.

AI systems are equipped to handle a wide range of customer inquiries and issues. From resolving booking problems to providing information about local attractions, AI-powered assistants offer immediate support, enhancing customer satisfaction.

As mixed reality and AI technologies continue to evolve, their impact on the travel industry will only grow. The combination of immersive experiences and intelligent systems promises to make travel more engaging, efficient, and sustainable.

While the widespread adoption of these technologies may still be a few years away, it is clear that they will play a pivotal role in shaping the future of travel. By embracing mixed reality and AI, travel companies can provide exceptional customer experiences, reduce their environmental impact, and stay ahead of the competition.

The travel industry is on the brink of a technological revolution, driven by mixed reality and AI. These innovations are set to transform how customers imagine and book their travel experiences while promoting sustainable practices. As travel companies continue to adopt these technologies, they will be better equipped to meet the evolving needs and expectations of modern travelers, ensuring a brighter and more sustainable future for the industry.

Tags: Apple Vision Pro, artificial intelligence, artificial intelligence news, augmented reality, Mixed Reality, tour, Tourism, Tourism news, Travel, Travel News, Trip, Virtual reality, VR

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How Banks and Big Tech Use AI to Modernize Workflows – PYMNTS.com

Unlocking operational leverage is the name of the game for todays businesses.

In the face of ongoing macroeconomic uncertainty, controlling for what is controllable while making the most of available resources is emerging as a way to capture growth.

For instance, Amazon is equipping its finance teams with generative artificial intelligence (GenAI) tools designed to support and evolve legacy workflows across areas such as fraud detection, contract review, financial forecasting, personal productivity, interpretation of rules and regulations and tax-related work, per a Wall Street Journal (WSJ) report.

The tech giant is just one firm of many that are leveraging AI to transform back-office operations.

After all, it makes sense that the Big Tech firms responsible for developing AI would want to streamline their internal workflows and embrace improved efficiency and enhanced decision-making with the same AI innovations they are investing into and partnering with.

But it doesnt mean that the Magnificent Seven are the only enterprises able to tap AI to give existing and traditional processes and business functions a shot in the arm.

No matter where the world may fall on the AI hype cycle, as the technology continues to evolve and access further democratizes, its integration into internal workflows will likely become even more sophisticated and widespread as companies look to focus on areas like improving productivity, automating processes and modernizing the customer experience.

Read more: 5 Trends These AI Experts Think Could Change Payments and Commerce

From streamlining back-office processes to enhancing decision-making capabilities, AI is unlocking operational leverage as companies harness the technology to create value by transforming internal workflows.

TheChatGPTlight bulb went off in everybodys head, and it brought artificial intelligence and state-of-the-art deep learning into the public discourse,Andy Hock, senior vice president of product and strategy atCerebras, told PYMNTS. And from anenterprise standpoint, a light bulb went off in the heads of many Fortune 1000 CIOs and CTOs, too.

One of the most immediate benefits of AI in enterprise settings is the automation of repetitive and mundane tasks. Robotic Process Automation (RPA), combined with AI, enables organizations to handle high-volume, repetitive tasks more efficiently and accurately than human labor. These tasks include data entry, invoice processing, payroll management and routine administrative duties.

NewPYMNTS Intelligencein the June report SMBs Race to Critical Mass on AI Usage found that 96% of small- to medium-sized businesses (SMBs) that have tried AI tools see it as an effective method to streamline tasks.

And anew reportfrom venture capital firmAndreessen Horowitz finds that the use of AI within accounting can revolutionize traditionally tedious tasks like bookkeeping, tax preparation and auditing.

It isnt just accounting where AI can shine marketing functions are also getting a lift from the innovation. Additional PYMNTS Intelligence data in The 2024 CAIO Report: Are CMOs Missing GenAIs Potential? reveals that nearly four in five chief marketing officers (CMOs) consider GenAI to be very or extremely important to providing a positive customer experience.

Three-quarters of CMOs also consider GenAI very important for conducting market research, indicating a strong focus on understanding consumer behavior. Half of surveyed CMOs already use GenAI for routine tasks like drafting emails and visualizing data.

Read more:AIs Essential Use Cases Across B2B Operations

The integration of AI into enterprise workflows is not just a technological advancement but a strategic imperative for modern businesses.

Ive been in the artificial intelligence and machine learning (ML) space for more than 20 years now,Yoav Amiel, chief information officer at freight brokerage platform and third-party logistics companyRXO, told PYMNTS. When we build technology, were not building it just for its own sake, we build technologyto help the business.

By doing things like automating repetitive tasks, enhancing data analytics, improving customer service, streamlining HR processes, strengthening financial management, optimizing supply chains and fortifying cybersecurity, AI is enabling corporations to capture significant value creation.

For example, with theintegration of OpenAIs ChatGPT, Apple products will soon be able to handle customer inquiries, process orders and even provide product recommendations, while at JPMorgan Chase, getting trained in AI is now part of being hired.

Morgan Stanleysaid this past September that it was launching anAI-powered assistant for financial advisers and their support staff, and Salesforce has said that itsAI + Data + CRM platform has been instrumental in much of its recent growth.

PYMNTS Intelligence finds that the corporate treasury function is another area where AI can shine.

Companies need to adopt new technology, Claudia Villasis-Wallraff, head of data driven treasury atDeutsche Bank, told PYMNTS. And with this, I not only mean adopting API connectivity, but also cloud functions and artificial intelligence.

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How Banks and Big Tech Use AI to Modernize Workflows - PYMNTS.com

Voyager Space and Palantir Announce Strategic Partnership Leveraging Artificial Intelligence to Drive Innovation in … – PR Newswire

DENVER, June 27, 2024 /PRNewswire/ --Voyager Space (Voyager), a global leader in space exploration, today announced a strategic partnership with Palantir Technologies, Inc. (NYSE:PLTR), a leading builder of artificial intelligence (AI) systems for the modern enterprise. Together, Voyager andPalantir will rapidly advance the space and defense technology sectors by integrating Palantir's cutting-edge AI tools across the Voyager enterprise.

This partnership solidifies Voyager's commitment to leading the space industry in AI-driven innovation, ensuring robust and agile solutions for defense and commercial applications. Expanding on a previous Memorandum of Understanding (MOU) announced earlier this year, Voyager will now fully integrate Palantir's AI capabilities into their defense solutions, benefiting from Palantir's deep expertise delivering for the Department of Defense (DoD). This collaboration enhances communications, military research and development, as well as intelligence and space research, making space more accessible to the defense community and vice versa.

"We are thrilled to partner with Palantir, a company that shares our vision for leveraging technology to drive transformative change," said Matt Kuta, President, Voyager Space. "By embracing Palantir's game-changing AI across our operations, we not only enhance Voyager's defense-tech capabilities, but also set a new standard for the broader aerospace industry. This collaboration will enable us to deliver unprecedented value and innovation to our customers and stakeholders."

Voyager will leverage Palantir Foundry and the Artificial Intelligence Platform (AIP) to drive value in its in-house payload management system for International Space Station customers today, as well as onboard the Starlab commercial space station in the future. It is also building aprototype "Customer Hub" for its customers to submit payload requests via Palantir's software.

The partnership also bolsters Voyager's defense segment,offering the opportunity to useAI to process and optimize flight and testing data on solid fuel thrusters to ensure smooth flight. Palantir's softwarecan alsohelp power increased real time signal data processing and more precise targeting for Voyager's optical communications systems for DoD customers.

"We look forward to deepening our collaboration with Voyager Space," said Shyam Sankar, CTO of Palantir."Palantir is committed to building transformative AI solutions across every domain. Our work with Voyager enables us to continue expanding the boundaries of these capabilities to better meet the context of our customer's mission. Together, we will drive the innovation our nation needs to create resilient infrastructure, scale production, and uphold national security."

Today's news builds on the recently announced partnership between Starlab Space and Palantir. As Voyager continues to embrace the benefits of AI alongside Palantir, both companies are poised to lead the defense and space industry into a new era of innovation.

About Voyager SpaceVoyager Space is dedicated to building a better future for humanity in space and on Earth. With over 35 years of spaceflight heritage and over 2,000 successful missions, Voyager is powering the commercial space revolution. Voyager delivers exploration, technology, and defense solutions to a global customer base that includes civil and national security agencies, commercial companies, academic and research institutions, and more.

About Palantir Technologies Inc. Palantir builds category-leading software that empowers organizations to create and govern artificial intelligence across public and private networks. Since 2003, we have helped some of the world's most important organizations solve their most difficult problems. Foundational Software of Tomorrow. Delivered Today. Additional information is available athttps://www.palantir.com.

Cautionary Statement Concerning Forward-Looking StatementsThis press release contains "forward-looking statements." All statements, other than statements of historical fact, including those with respect to Voyager Space, Inc.'s (the "Company's") mission statement and growth strategy, are "forward-looking statements." Although the Company's management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve many risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; and the ability to obtain necessary financing on acceptable terms or at all. Readers should not place any undue reliance on forward-looking statements since they involve these known and unknown uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

SOURCE Voyager Space

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This Is My Top Artificial Intelligence (AI) ETF to Buy Right Now – 24/7 Wall St.

Investing

Published: July 1, 2024 2:20 pm

Picking the individual winners of the burgeoning artificial intelligence (AI) race is no simple task. But one exchange-traded fund (ETF) that provides investors with exposure to a basket of AI stocks could be the solution.

While many investors struck gold by purchasing shares of NVDIA (NASDAQ: NVDA) before the chipmakers stock took off last year, the AI-adjacent company is more of the exception than the rule.

Pure play AI companies, on the other hand, have had less predictable successes, with some like C3.ai (NYSE: AI) seeing precipitous rises and falls. C3.ai, which produces AI applications for other enterprises, saw its stock surge to $161 per share by late 2020. At the time of writing, shares of the company are now trading for $28.96.

Forecasts suggest that the global AI market could increase exponentially by the early part of the next decade. By some analysts estimates, that growth could be as much as 300 times its 2022 valuation of $39 billion, which would translate to an astounding $1.3 trillion by 2032.

But how do investors identify the likely winners? Rather than picking one or two companies operating in the AI space and simply wishing for the best, ETFs with holdings spread across all facets of the AI industry allow investors to gain exposure to the trend without overexposing themselves to any individual holding.

In this way, not only are these ETFs providing broad exposure to AI with companies offering varying levels of involvement to the technology, but in doing so, these funds are simultaneously reducing overall risk exposure.

And just as ETFs go, the options for ones leveraged to the AI industry are bountiful. However, just like the stocks they hold, not all ETFs are created equally.

There are no fewer than 38 AI-themed ETFs currently trading on the major exchanges in the U.S. Some offer equal weighting, some prefer heavier allocations to the Magnificent Seven stocks. Some are actively managed with portfolio positions constantly shuffled.

They vary considerably by size, too, with some having assets under management (AUM) as low as $532,360 and others reaching as high as $2.72 billion.

But when it comes to finding a fund with the best combination of high growth potential, Big Tech names, diverse AI industry exposure, significant AUM coupled with a modest expense ratio, one ETF in particular takes the cake.

Enter the Global X Artificial Intelligence & Technology ETF (NASDAQ: AIQ), which has posted an eye-catching 138% gain since its inception in May 2018 and has gained over 17% so far in 2024. According to Global Xs website, the ETF has net assets of $2.08 billion and a total expense ratio of 0.68%.

And while its size and per share appreciation have been impressive so far, it is the funds holdings that should garner a lot of attention. By industry, AIQ spans packaged software, semiconductors, internet software and services, information technology services, telecommunications equipment, internet retail, and industrial conglomerates.

That breadth is expansive, but looking at the names among its top weighted holdings provides more insight into why this ETF is an AI powerhouse:

Of course, those are not all of AIQs holdings, but they are the big names with some of the heaviest weightings. And looking at that list, you can see why the AI ETF was capable of producing such enormous gains for shareholders since it debuted in 2018.

As AI expands out of its earliest phase, when it was constricted to pure play stocks, cloud services, and data centers, the technology is now finding its way into streaming services (Netflix), e-commerce (Alibaba), customer relationship management (Salesforce), and numerous other facets of the economy.

Rather than hoping any one of the aforementioned companies emerges as the biggest winner of the next phase of AI implementation, investing in a fund like the Global X Artificial Intelligence & Technology ETF can provide investors with the best of broad exposure and reduced risk.

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This Is My Top Artificial Intelligence (AI) ETF to Buy Right Now - 24/7 Wall St.

3 Hardware Stocks to Buy for the Artificial Intelligence Era – InvestorPlace

Hardware stocks are the future, and will only to continue to grow with AI. Grow your portfolio forward with these three stocks

Source: Owlie Productions / Shutterstock.com

Its no secret that the hardware industry stands to gain a lot from the boom in artificial intelligence. After all, it is the continued growth of the tech hardware industry that makes developments, such asAI, more available to the public.

The global computer hardware market is expected to grow to $914.55 billion by 2028 at a 6.5% CAGR. While this growth comes from a myriad of factors, one of the more notable ones include the expansion of data centers.

All of the cloud serviceindustry leaders, Amazon (NASDAQ:AMZN), Google (NASDAQ:GOOG, NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT), have announced expansions of data centers for the storage and processing needs in hosting AI applications. Here are three hardware stocks for AI that I have identified as excellent picks.

Seagate (STX)

Source: Shutterstock

Seagate (NASDAQ:STX) is a data storage company that broadly covers the data storage industry. The companys focuses include cloud storage systems and services, hard drives and solid state drives. Yahoo! Finance has 27 analysts predicting a 1-year price range on STX to be between $55.00 and $119.00, with a mean of $99.60.

STX did not show strong revenue, but profitability for the company has greatly improved. While revenue suffered a year-on-year loss, net profit margin has increased 106.49% YOY. Evidently, the companys improvement in profitability is characterized in its 941.13% YOY growth in free cash flow. STX even shows signs of being undervalued with a -11.45 price to book ratio, well below the sector median.

STX is a great buy beyond the financials. Seagate has partnered itself with Ebay to expand its Hard Drive Singularity Program. By selling refurbished and recertified hard drives on Ebay, this program improves Seagate revenue while also promoting sustainability. Seagate has also launched a new hard drive platform: the Mozaic 3+. The 30 terabyte Mosaic 3+ Exos hard drive has the same carbon footprint as a standard 16 terabyte hard drive, maximizing efficiency and furthering sustainability efforts. STX is one of the hardware stocks for AI that investors have to add to their portfolios.

Arista Networks (ANET)

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Arista Networks (NYSE:ANET) is a computer networking company that develops and manufactures components for large data centers and high-performance computing. Yahoo! Finance reports 25 analysts predicting a 1-year price range on ANET between $220.00 and $389.00, with a mean of $323.77.

ANET has shown very strong financials for Q1 2024. The companys profitability has shown great improvement, as earnings per share is up 39.16% YOY. Revenue has shown excellent growth, as seen through a 46.1% YOY net income increase. Management has done an excellent job at increasing revenue while maintaining profitability, with revenue growth being more than double operating expenses growth.

Arista has partnered with NVIDIA (NASDAQ:NVDA) to develop an AI data center with lowered job completion times. Specifically, this network will streamline the use of generative AI applications for clients, saving clients time and growing ANETs revenue by being the first choice in AI data centers. Arista has also introduced Universal Network Observability (UNO) on its operational tasks platform CloudVision. UNO improves troubleshooting abilities for clients through AI-driven analysis and recommendations for network issues. ANET is one of the hardware stocks for AI for me because of its advancements and new services that emphasize improving client experiences.

Pure Storage (PSTG)

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Pure Storage (NYSE:PSTG) is a data storage platform that aims to simplify IT and offer data security to its clients. The company has approximately 60% of the Fortune 500 as clients. Yahoo! Finance reports 19 analysts predicting a 1-year price range on ANET between $44.00 and $80.00, with a mean of $70.51.

PSTG boasts strong financials for Q1 2024. The company beat revenue and earnings expectations for Q1 2024, having demonstrated impressive jumps in both revenue and profitability. Revenue grew 17.68% YOY and EPS grew a whopping 300% YOY. This profitability growth is even more impressive when seeing the balance sheet, as management has made sure that asset growth has more than doubledliability growth YOY.

Pure Storage has made an investment in Landing AI, a visual AI solutions company innovating in the space of Large Visual Models. Additionally, Landing AI develops AI tools that analyze visual data. This aligns closely with PSTGs goal as a data storage platform, and the companies will share common interests. Pure Storage has enhanced its cybersecurity offerings with improved ransomware recover and AI-based anomaly detection. These innovations specifically boost data security. For instance, the anomaly detection analyzing historical data of clients anomaly patterns to identify threats faster. PSTG is one of the hardware stocks for AI for investors.

On the date of publication, Matthew Rodriguesdid not hold (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.

Matthew Rodrigues is a college student studying Business at UC Berkeley Haas. He believes detailed research and correct interpretation of current events is what leads to investment success.

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3 Hardware Stocks to Buy for the Artificial Intelligence Era - InvestorPlace