Around 70% of 96 strategic goals under Vision 2030 are related to data and AI. - The growing investment toward smart cities in Saudi Arabia results in massively increasing adoption of AI solutions along with 5G and software, such as predictive analytics. In 2021, Saudi Arabian Crown Prince Mohammed bin Salman announced plans to build The Line, a 105-mile-long belt of hyper-connected communities in the kingdom's northeast that will feature no cars, no streets, and carbon emissions but will have smart infrastructure costing up to USD 200 billion.

After recently forging a relationship with an independent dealership group, Scienaptic bolstered its client roster of independent finance companies on Monday. The credit decision platform provider fueled by artificial intelligence now is working with Right Direction Financial Services, which looks to provide financing for individuals seeking to rebuild or establish their credit through high-quality, certified pre-owned vehicles. Scienaptic highlighted via a news release that deployment of its AI-powered platform will allow Right Direction Financial Service to enhance its underwriting capabilities to reach and support more potential customers, while mitigating risk. Right Direction Financial Services was founded in 2011. The company said it is committed to ensuring its customers have affordable payments that align with their payroll periods and reporting their payment history to the major credit reporting agencies.

Global technology company OPPO announced that the OPPO Research Institute has officially released its first 6G white paper - "6G AI-Cube Intelligent Networking". As one of the global and MENA region's telecommunications industry's first in-depth reports on how artificial intelligence (AI) can empower 6G network architecture, the white paper proposes a more detailed vision for the design of next-generation communication networks. OPPO has established a pre-research team to conduct preliminary research on 6G service and technology requirements, key technologies, and system features. The global smartphone leader believes that 6G will reshape the way people interact with AI, as it is utilised to serve the public through a myriad of applications. In June 2021, UAE telecoms provider Etisalat announced plans for 6G – stating that the network is expected to be even faster and support applications such as augmented and virtual reality, as well as AI infrastructure.

WIRE)--BrainChip Holdings Ltd (ASX: BRN), (OTCQX: BRCHF), a leading provider of ultra-low power high performance artificial intelligence technology, today announced it has received the first batch of Akida chips from its manufacturing run from Socionext America (SNA). The chips were manufactured at Taiwan Semiconductor Manufacturing Company (TSMC) from a production mask set provided in May 2021. This mask set follows the successful production of engineering samples from the Company's Multi-Project Wafers (MPW), received in August of 2020, and the subsequent delivery of evaluation boards. SNA supported all assembly and test operations for the Akida devices, including a review of the TSMC Process Control Monitoring (PCM) data, assembly, device electrical testing, and simulation correlation. These Akida devices will support BrainChip's Early Access Program (EAP) customers, future customers with whom the Company has engaged using the BrainChip software development environment MetaTF and others which have existing Convolutional Neural Networks (CNNs) and seek performance improvements in terms of power consumption, design flexibility, and true learning at the edge.

Dublin, July 28, 2021 (GLOBE NEWSWIRE) -- The "Global Artificial Intelligence (AI) Chips Market 2021-2025" report has been added to ResearchAndMarkets.com's offering. The publisher has been monitoring the artificial intelligence (AI) chips market and it is poised to grow by $ 73.49 billion during 2021-2025, progressing at a CAGR of over 51% during the forecast period. The report on the artificial intelligence (AI) chips market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing adoption of AI chips in data centers, increased focus on developing AI chips for smartphones, and the development of AI chips in autonomous vehicles.

Just months after raising $28 million, Jerry announced today that it has raised $75 million in a Series C round that values the company at $450 million. Existing backer Goodwater Capital doubled down on its investment in Jerry, leading the "oversubscribed" round. Bow Capital, Kamerra, Highland Capital Partners and Park West Asset Management also participated in the financing, which brings Jerry's total raised to $132 million since its 2017 inception. Goodwater Capital also led the startup's Series B earlier this year. Jerry's new valuation is about "4x" that of the company at its Series B round, according to co-founder and CEO Art Agrawal.

When someone mentioned to me that Xiaomi was launching its own "robot dog," my mind immediately went to Sony's Aibo. And honestly, it would have been difficult to be more wrong. Now that the news has been out for a few days, the company's heard all of your bad Black Mirror jokes, don't worry. And, honestly, the Chinese hardware maker didn't do itself any favors with the design here. Boston Dynamics has done a lot to imbue its quadrupedal robots with personality, through design language and viral videos of Spot and company busting a move to the Dirty Dancing soundtrack.

Based on application, the artificial intelligence in healthcare market is segmented into robot assisted surgery, virtual assistants, administrative workflow assistants, connected machines, diagnosis, clinical trials, fraud detection, cybersecurity, dosage error reduction, and others. The clinical trials segment held the largest market share in 2019, and the robot assisted surgery segment is estimated to register the highest CAGR during the forecast period. Rising adoption of robotic surgeries due to better surgical outcomes offer lucrative opportunities for the growth of robotic assisted surgery segment. Microsoft, Koninklijke Philips N.V., Intel Corporation, General Electric Company, Alphabet Inc., NVIDIA CORPORATION, Nuance Communications, Inc., Siemens Healthineers AG, Arterys Inc., and Johnson & Johnson Services, Inc. are among the leading companies operating in the artificial intelligence in healthcare market. The artificial intelligence in healthcare market is expected to witness substantial growth post-pandemic.

German automaker Audi unveiled its sleek new concept car, Skysphere, which can shift size depending on the driving mode and has a retractable steering column. In a release, the Volkswagen-owned car manufacturer boasted Skysphere was'two vehicles in one': A 623-horsepower sports car that can go from zero to 60 mph in 4 seconds and a'grand touring' (GT) auto that expands the cabin about 10 inches for a roomier ride. In GT mode, the Skysphere is designed to be a Level 4 autonomous vehicle, according to Audi, 'meaning in certain defined road and traffic situations, the driver can delegate complete responsibility to the car and no longer has to intervene.' The luxury auto's rear-mounted electric motor has a range of about 310 miles before it needs a charge. 'This is not rather a car, it's an experience device,' Audi CEO Henrik Wenders, said at the unveiling Tuesday at 2021 Monterey Car Week on Tuesday.

What does the future of internet search look like? Google envisions it as looking more like a casual conversation with a friend. While Google's search engine has been online for over two decades, the technology that powers it has been constantly evolving. Recently, the company announced a new artificial-intelligence system called MUM, which stands for Multitask Unified Model. MUM is designed to pick up the subtleties and nuances of human language at a global scale, which could help users find information they search for more easily or allow them to ask more abstract questions.