CALGARY, Alberta, July 06, 2021 (GLOBE NEWSWIRE) -- Quorum Information Technologies Inc. (TSX Venture: QIS) (Quorum) announced today that it is receiving advisory services and funding of up to $724,746 from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) to support a research and development project to consolidate Quorum's dealership data and add machine learning capabilities to its Cloud-based applications. The NRC IRAP support is the next step in a process started in 2020 when Quorum launched QAnalytics – an enterprise reporting tool for the Quorum suite of products powered by Microsoft Power BI. QAnalytics is now utilized by 30% of Quorum's XSellerator Dealership Management System (DMS) customers. "QAnalytics has changed how we manage our 11 franchised dealerships in our auto group," stated Tim Davis, CEO of Davis Auto Group. "The real time metrics that QAnalytics provides for all aspects of our dealership's operations allow our management team to make confident, data-driven decisions." Quorum's next step is to strategically consolidate dealership data from its 1,025 customers on Microsoft Azure Synapse, enabling QAnalytics to deliver enhanced critical Business Intelligence insights into dealership operations and provide a consolidated dataset for Machine Learning projects.

GNW Insights from AI/ML platforms not only explain what happened (as in looking at the rear-view mirror), but can also predict future outcomes based on different scenarios and suggest or even trigger actions autonomously.Additionally, combinations of AI/ML platforms with applications like chatbots, cybersecurity or automation can control or reduce costs of scaling operations. These tools usually have shorter returns on investment and their business cases are easier to defend.But the real power of AI/ML platforms resides in the potential to generate additional or new revenue streams. From being something reserved for large corporations with vast financial resources, AI/ML is starting to become accessible to even small businesses without a dedicated team of data scientists. Insights-driven organizations are rapidly getting ahead of the competition. In the medium term, AI/ML adoption is forecast to be essential for business survival.

Advancements in technology are changing the world at a higher rate than people ever thought. It has changed how people do their things, including how they communicate or interact. Though many technologies have come and gone, there's one technology that seems to hold the future of technologies. Machine learning technology has been in use for quite some time, and all indications show that this technology might remain relevant for the foreseeable future. With machine learning, people build systems that allow computers and computerized devices to learn how to do things themselves rather than teach them how to perform those tasks.

The AI Times is a weekly newsletter covering the biggest AI, machine learning, big data, and automation news from around the globe. If you want to read A I before anyone else, make sure to subscribe using the form at the bottom of this page. IBM said the transition to a single hub was "accelerated over the past year when virtual work environments became commonplace." Accenture's Health Tech Innovation Challenge brings together start-ups and larger health organizations to tackle the world's biggest health issues. Now in its fifth year, the challenge gives start-ups the chance to pitch their innovative ideas to leading CEOs from across the healthcare industry in Canada and the US. Entrepreneurs will gain exposure to judges who represent the broad spectrum of Accenture's clients in healthcare, insurance, life sciences, and government.

DENVER, June 16, 2021 (GLOBE NEWSWIRE) -- Mydecine Innovations Group (NEO: MYCO) (OTC: MYCOF) (FSE: 0NFA) ("Mydecine" or the "Company"), an emerging biopharma and life sciences company committed to the research, development, and acceptance of alternative nature-sourced medicine for mainstream use, announced the launch of its in-silico drug discovery program in conjunction with researchers at the University of Alberta. Led by top computer-aided drug development expert, Dr. Khaled Barakat, the program is focused on developing artificial intelligence/machine learning (AI/ML) supported drug screenings, including both the ability to build drugs from the receptor up and assess drugs around the receptors of Mydecine's choosing. With its broader R&D capacity in drug development up and running, the in-silico program will enable the Company to more rapidly screen hundreds of thousands of new molecules without the need to produce them, allowing Mydecine to focus on the strongest potential therapeutics for its chemical and natural development programs. Mydecine will also be able to more efficiently screen its proprietary library of novel compounds designed by Chief Science Officer Rob Roscow and Advisory Board member, Dr. Denton Hoyer. "Years of research have shown that the chemical components of psychoactive and non-psychoactive mushrooms can be extremely powerful in a therapeutic setting and yet, there is still so much that we don't understand about how these molecules can affect biological systems. As the next evolution of drug discovery progresses forward, we strongly believe that this new age will be fully led by artificial intelligence and machine learning," said Josh Bartch, CEO of Mydecine.

Artificial Intelligence Technology Solutions, Inc., ( OTCPK:AITX), today announced that its wholly-owned subsidiary Robotic Assistance Devices, Inc. (RAD) has appointed Jeffrey Slotnick CPP, PSP as Chairman of the company's Board of Advisors. The announcement came Wednesday afternoon at the close of RAD's first annual RADCON conference at the company's new manufacturing facility REX (RAD Excellence Center) in the metro Detroit area. This press release features multimedia. Slotnick is an internationally recognized Enterprise Security Risk Consultant with nearly 30 years of experience, peer recognized as a "Thought Leader" and a "Critical Architect in homeland security". As an ISO credentialed Lead Auditor, Slotnick is responsible for the some of the latest advancements in All Hazards Disaster Resilience, Organizational Resilience Management, ISO/ANSI Standards Development, Resiliency Information Management Processes, and Enterprise Security Risk Management.

The world's first flying race car has completed its maiden flight -- bringing a futuristic new sport one step closer to fruition. The idea: The flying race car is called the Alauda Airspeeder Mk3, and technically, it's an electric vertical takeoff and landing (eVTOL) vehicle. That means it lifts off and lands vertically like a helicopter, but is powered by electricity and not fossil fuels. In February, the two companies behind the Mk3 -- eVTOL manufacturer Alauda Aerodynamics and flying race car series Airspeeder -- announced plans to feature the vehicle in an upcoming international series called Airspeeder EXA. At the time of the announcement, the Mk3 was still under development, but a full-scale, race-ready version of the vehicle has now taken its maiden flight -- and a video of the voyage offers a glimpse into the future of racing.

Intuition Robotics announced today that it is expanding its mission of improving the lives of older adults to include enhancing their interactions with their physicians. The Israeli startup has developed the AI-based, award-winning proactive social robot ElliQ which has spent over 30,000 days in older adults' homes over the past two years. Now ElliQ will help increase patient engagement while offering primary care providers continuous actionable data and insights for early detection and intervention. The very big challenge Intuition Robotics set up to solve was to "understand how to create a relationship between a human and a machine," says co-founder and CEO Dor Skuler. Unlike a number of unsuccessful high-profile social robots (e.g., Pepper) that tried to perform multiple functions in multiple settings, ElliQ has focused exclusively on older adults living alone.

Chinese tech giant Huawei is another powerful addition to this pool of technological resources. One of GAC MOTOR's core brand values is technology innovation, that is, finding ways to make cars more intelligent, more efficient, and more enjoyable to drive. A world-class smartphone provider, Huawei regularly produces cutting-edge technology in fields such as voice and facial recognition, IoT connectivity, "smart" appliances, cameras and charging technology, to name just a few. Having cooperative access to Huawei's research and technology gives GAC a strong edge in the production of world-class in-car systems. One exciting project that GAC is working towards in cooperation with Huawei and Didi is "Level 4" autonomous vehicles, which can operate almost entirely without input from humans (current driver-assist mechanisms are classed as Level 2 autonomy).

WASHINGTON -- Winners of the Department of Veterans Affairs 2020-2021 Artificial Intelligence Tech Sprint are six tech companies that created programs aimed at preventing Veteran suicide and improving their health care using the latest AI technology. VA's National Artificial Intelligence Institute competition encourages innovators to develop ways to improve services for Veterans. VA also gave $5,000 awards to JumpStartCSR for an app that integrates with physical therapy to prevent and treat injuries; HIVE Lab at George Washington University for a an app that helps Veterans manage conditions such as diabetes by personalizing treatments based on gut microbiome; and Ouva, LLC for a platform that helps clinicians better monitor vital signs and other health care issues for patients in isolation. The intent of the sprint is to match the private sector with Veterans, VA clinicians and other experts who mentor the companies to brainstorm solutions and new ideas over a three-month period. VA will further evaluate the best ideas and products to potentially adopt at pilot sites and then roll out nationwide.