The adopted text says that the public debate on the use of artificial intelligence (AI) should focus on this technology's enormous potential to complement humans. The text warns that the EU has fallen behind in the global race for tech leadership. As a result, there is a risk that standards will be developed elsewhere in the future, often by non-democratic actors, while the EU needs to act as a global standard-setter in AI. MEPs identified policy options that could unlock AI's potential in health, the environment and climate change, to help combat pandemics and global hunger, as well as enhancing people's quality of life through personalised medicine. AI, if combined with the necessary support infrastructure, education and training, can increase capital and labour productivity, innovation, sustainable growth and job creation, they add.

The Business Intelligence Group today announced that Evisort is a winner in its inaugural Artificial Intelligence Excellence Awards program. Evisort is the leading provider of artificial intelligence (AI) solutions for contract management and analytics. This press release features multimedia. Evisort is a winner in The Business Intelligence Group's inaugural Artificial Intelligence Excellence Awards program. Evisort is the leading provider of artificial intelligence (AI) solutions for contract management and analytics.

At the American Academy of Orthopaedic Surgeons Annual Meeting, OrthoGrid Systems Inc. announced the OrthoGrid Hip AI platform, an intraoperative navigation system for total hip replacement, according to a press release. The OrthoGrid Hip AI technology, which is powered by artificial intelligence (AI) and machine learning, is designed to improve surgeon efficient, accuracy and reproducibility, according to the release. "Surgeons are risk-averse decision makers," Richard Boddington, co-CEO of OrthoGrid, said in the release. "They spend most of their time interpreting information so they can make decisions that ensure reproducible outcomes for their patients. AI provides them with the most efficient way to interpret all that information in real-time, which is the true transformation we are delivering in orthopedic surgery," he added.

Virtualitics Inc., a Pasadena-based advanced analytics and AI company, has launched AI software that aims to help enterprises and government agencies make reliable business decisions faster. In a statement, the company said the Virtualitics AI Platform, launched Wednesday, makes use of clear, explainable no-code AI modeling, with patented technology based on over 11 years of research at Caltech and NASA's Jet Propulsion Laboratory. The platform makes it easy for businesses to embed AI in their operations, allowing customers to Explore, Predict, Prescribe and Act, the statement said. "Enterprises today struggle to implement AI successfully and embed it into the flow of work," Michael Amori, Founder and CEO of Virtualitics, said. "One of the big reasons for this is because business users and analysts can't understand the output of AI applications and therefore don't trust it. Virtualitics AI Platform solves this problem by making AI both understandable and accessible to anyone in the business."

ZURICH, SWITZERLAND, February 24, 2022 -- Modulos AG is presenting its unique Data-Centric AI platform designed to speed the development of trustworthy AI applications and help companies comply with forthcoming AI regulatory frameworks. The Modulos platform is designed to serve users that need reliable machine learning (ML) models that can be easily integrated into their business activities. The platform ensures fairness, accuracy, and robustness during development and deployment. As machine-learning models are built, humans are kept in the loop, ethical considerations are always paramount, and there is a focus on explainable decision-making throughout the journey. Iterating data is the next frontier in improving the performance of AI applications while the search for the most optimal solution is delegated to automated machine learning (AutoML).

Novum Global Ventures, the company behind CryptoHero announced the launch of its Bots Marketplace. The Marketplace offers experienced crypto traders an avenue to earn additional income by leasing their crypto trading bots to other users. The traders can set their own monthly subscription fees with the platform taking 20% as fees. The Bots Marketplace also gives users new to the world of automated trading, a jumpstart as these new users can simply select the bots that are already proven in real world trading. "Our revolutionary Bots Marketplace caters to both experienced and new users. For the experienced users who are already profiting from their well-configured bots, they can now earn additional revenue by leasing out their bots to other users. For the new users, the Bots Marketplace solved one of their greatest dilemma – what settings are good for a trading bot to be profitable.", said Christopher Low, CEO and founder of CryptoHero.

Energy giant Saudi Aramco says its 2021 net profit soared by more than 120 percent due to higher crude oil prices, as global economic growth recovered from a pandemic induced downturn. The announcement came on Sunday hours after Yemen's Houthi rebels – against whom Saudi Arabia leads a military coalition – targeted several locations, including Aramco facilities, in cross-border armed drone attacks. Aramco, Saudi Arabia's cash cow, did not say if the attacks caused any damage. "Aramco's net income increased by 124 percent to $110bn in 2021, compared to $49bn in 2020," the company said in a statement. Aramco achieved a net income of $88.2bn in 2019 before the coronavirus pandemic hit global markets, resulting in huge losses for the oil and aviation sectors, among others.

General Motors is acquiring SoftBank's stake in Cruise and pouring even more money into the self-driving unit it purchased in 2016. The auto giant has announced that it's buying out SoftBank Vision Fund 1's equity ownership into the company that's worth $2.1 billion. In addition, it has committed to investing an extra $1.35 billion in Cruise to replace the funding SoftBank promised in February after the self-driving car company started offering robotaxi rides in San Francisco. The automaker didn't say why it's buying SoftBank's equity ownership, but GM chief executive Mary Barra said: "Our increased investment position not only simplifies Cruise's shareholder structure, but also provides GM and Cruise maximum flexibility to pursue the most value-accretive path to commercializing and unlocking the full potential of AV technology." SoftBank, meanwhile, has recently struggled with debt and the plummeting value of its properties.

Ukrainian President Volodymyr Zelenskyy speaks to members of the U.S. Congress from Kyiv in this image from video provided by the Ukrainian Presidential Press Office and posted on Facebook. Ukrainian President Volodymyr Zelenskyy speaks to members of the U.S. Congress from Kyiv in this image from video provided by the Ukrainian Presidential Press Office and posted on Facebook. A fake and heavily manipulated video depicting Ukrainian President Volodymyr Zelenskyy circulated on social media and was placed on a Ukrainian news website by hackers Wednesday before it was debunked and removed. The video, which shows a rendering of the Ukrainian president appearing to tell his soldiers to lay down their arms and surrender the fight against Russia, is a so-called deepfake that ran about a minute long. It is not yet clear who created the deepfake, but government officials in Ukraine have been warning for weeks about the possibility of Russia spreading manipulated videos as part of its information warfare.

"Transformation for robotic automation is picking up speed across traditional and new industries," says Milton Guerry, President of the International Federation of Robotics. "More and more companies are realizing the numerous advantages robotics provides for their businesses." Segments that are relatively new to automation are rapidly adopting robots. Consumer behavior is driving companies to address demand for personalization of both products and delivery. The e-commerce revolution was driven by the pandemic and will continue to accelerate in 2022.