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Archive for the ‘finance’ category

Jun 20, 2024

More than half of banking jobs could be automated by AI — but banks will be slow to adopt, Citi report says

Posted by in categories: employment, finance, robotics/AI

A new Citi report says finance will be “at the forefront” of changes due to artificial intelligence.

Jun 19, 2024

McDonald’s will end AI drive-through partnership with IBM

Posted by in categories: business, finance, robotics/AI

McDonald’s (MCD) will put an end to its AI drive-thru partnership with IBM (IBM) in late July as many customer complaints over botched orders began to mount. The fast-food chain does have plans to continue implementing AI into its business model down the line.

The Morning Brief Anchors Brad Smith and Seana Smith break down the latest developments for McDonald’s and what it means for the company moving forward.

Continue reading “McDonald’s will end AI drive-through partnership with IBM” »

Jun 19, 2024

Inside SingularityNET | June 2024

Posted by in categories: finance, robotics/AI, security, singularity, space

Watch June’s edition of Inside SingularityNET, featuring exciting news and insightful updates on our AGI R\&D, decentralized AI platform development, progressive decentralization, and broader ecosystem developments.

00:00 — Intro | AI Twin — Dr. Ben Goertzel.
00:48 — Dr. Matt Iklé | CSO — SingularityNET
04:09 — Sergey Shalyapin | CTO — SingularityNET
08:07 — Vita Potapova | Hyperon Project Manager — SingularityNET
13:19 — Alex Blagirev | SIO — SingularityNET
19:10 — Haley Lowy | Marketing Lead — SingularityNET
24:57 — Jan Horlings | CEO — Deep Funding.
31:23 — Esther Galfalvi | Decentralization Program Lead — SingularityNET
34:11 — Peter Elfrink | Community Lead — SingularityNET
35:52 — Stacey Engle | CEO — Twin Protocol.
39:45 — Jennifer Bourke | Marketing and Community Lead — NuNet.
45:02 — Jerry Hall | Marketing Lead — HyperCycle.
47:21 — Patrik Gudev l CEO — Jam Galaxy.
52:23 — Robin Spottiswoode l CTO — Jam Galaxy.
54:40 — Rebekah Pennington | Partnerships and Community — Yaya Labs.
56:03 — Kennedy Schaal | CEO — Rejuve. BIO

Continue reading “Inside SingularityNET | June 2024” »

Jun 18, 2024

Enel Green Power lands finance for first solar and battery hybrid project

Posted by in categories: finance, solar power, sustainability

Enel Green Power Australia has announced that it has secured project financing for a $190 million solar and battery hybrid project it plans to build in western NSW.

The Quorn Park hybrid project will combine a 98 MW (dc) solar farm with a 20 MW, 40 MWh battery that will be built around 10kms north west of Parkes. Construction will commence within the next few months and it will be operational in 2026.

The new hybrid is one of the first to be announced since new rules were introduced that allow wind or solar farms to be truly “paired” with a battery storage facility, rather than operating and dispatching as separate units. This may impose some restrictions on operations, but can save on connection and other costs.

Jun 18, 2024

Strange Kinetics Shape Network Growth

Posted by in categories: finance, information science, particle physics, space travel

A connection between time-varying networks and transport theory opens prospects for developing predictive equations of motion for networks.

Many real-world networks change over time. Think, for example, of social interactions, gene activation in a cell, or strategy making in financial markets, where connections and disconnections occur all the time. Understanding and anticipating these microscopic kinetics is an overarching goal of network science, not least because it could enable the early detection and prevention of natural and human-made disasters. A team led by Fragkiskos Papadopoulos of Cyprus University of Technology has gained groundbreaking insights into this problem by recasting the discrete dynamics of a network as a continuous time series [1] (Fig. 1). In doing so, the researchers have discovered that if the breaking and forming of links are represented as a particle moving in a suitable geometric space, then its motion is subdiffusive—that is, slower than it would be if it diffused normally.

Jun 18, 2024

Quantum Chill: Developing Japan’s First “Cold (Neutral) Atom” Quantum Computers

Posted by in categories: computing, finance, particle physics, quantum physics

The Institute for Molecular Science has launched a Commercialization Preparatory Platform, in collaboration with 10 industry partners, to accelerate the development of “cold (neutral) atom” quantum computers.

Institute for Molecular Science (IMS), National Institutes of Natural Sciences, has established a “Commercialization Preparatory Platform (PF)” to accelerate the development of novel quantum computers, based on the achievement of a research group led by Prof. Kenji Ohmori. The launch of the PF was made possible by collaboration with 10 industry partners, including companies and financial institutions.

The 10 partners that joined the PF include (listed alphabetically): blueqat Inc., Development Bank of Japan Inc., Fujitsu Limited, Groovenauts, Inc., Hamamatsu Photonics K.K., Hitachi, Ltd., and NEC Corporation.

Jun 17, 2024

Dutch develop no-pain needle-free injections

Posted by in categories: biotech/medical, business, finance

Researchers in the Netherlands are developing ‘virtually painless’ injections without needles in what they hope is a breakthrough that will ease fear and encourage vaccinations.

#News #Reuters #BubbleGun #NeedleFree #Vaccine.

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Jun 12, 2024

America is the undisputed world leader in quantum computing even though China spends 8x more on the technology–but an own goal could soon erode U.S. dominance

Posted by in categories: business, cybercrime/malcode, economics, finance, government, information science, quantum physics, robotics/AI

When it comes to quantum computing, that chilling effect on research and development would enormously jeopardize U.S. national security. Our projects received ample funding from defense and intelligence agencies for good reason. Quantum computing may soon become the https://www.cyberdefensemagazine.com/quantum-security-is-nat...at%20allow, codebreaking%20attacks%20against%20traditional%20encryption" rel="noopener" class="">gold standard technology for codebreaking and defending large computer networks against cyberattacks.

Adopting the proposed march-in framework would also have major implications for our future economic stability. While still a nascent technology today, quantum computing’s ability to rapidly process huge volumes of data is set to revolutionize business in the coming decades. It may be the only way to capture the complexity needed for future AI and machine learning in, say, self-driving vehicles. It may enable companies to hone their supply chains and other logistical operations, such as manufacturing, with unprecedented precision. It may also transform finance by allowing portfolio managers to create new, superior investment algorithms and strategies.

Given the technology’s immense potential, it’s no mystery why China committed what is believed to be more than https://www.mckinsey.com/featured-insights/sustainable-inclu…n-quantum” rel=“noopener” class=””>$15 billion in 2022 to develop its quantum computing capacity–more than double the budget for quantum computing of EU countries and eight times what the U.S. government plans to spend.

Jun 10, 2024

Apple Bursts Onto the AI Stage with Apple Intelligence, ChatGPT, and Multimodal Siri

Posted by in categories: finance, robotics/AI

Apple also announced a ton of other home-grown AI innovations during Monday’s show. This includes AI-generated emojis called Genmoji, a feature that prioritizes important messages, another that summarizes group chats, and Safari will also create AI summaries of webpages.

The financials of Apple’s deal with OpenAI were not disclosed on Monday, and that element remains unclear. While Google has paid Apple billions of dollars for default privileges on Apple products, OpenAI may require an investment to provide computing of this magnitude. Processing AI requests for billions of people is anything but cheap. If Apple pays OpenAI for this, Microsoft may ultimately benefit from this deal.

Jun 10, 2024

Neuralink and the Future of Work — Deep Interview With Yip Thy Diep Ta

Posted by in categories: biotech/medical, finance, robotics/AI, singularity

This interview with Yip Thy Diep Ta, CEO of J3d.ai, delves into AI-driven collective intelligence for decision-making, ethical considerations in AI development (fairness, bias mitigation, diversity), the implications of human-machine integration technologies (e.g., Neuralink), and the evolving role of humans in an AI-driven workforce.

Systain3r Summit: https://www.systain3r.com/

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