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Biotech startup Gero grabs €1.9M to hack ageing and COVID-19

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Based out of Singapore, Gero develops new drugs for ageing and other complicated disorders using its proprietary developed artificial intelligence (AI) platform. Recently, the company has secured $2.2 million (€1.9 million) in Series A funding, bringing the total capital raised since Gero's founding to over $7.5 million (€6.4 million). Gero's founder Peter Fedichev, said, "We are happy with the recognition and support from these strategic investors who themselves are acknowledged leaders in the fields of AI and biotechnology. This will help us attain the necessary knowledge at the junction of biological sciences and AI/ML technologies that is necessary for the radical acceleration of drug discovery battling the toughest medical challenges of the 21st century. We hope that the technology will soon lead to a meaningful healthspan extension and quality of life improvements " The round was led by Bulba Ventures with participation from previous investors and serial entrepreneurs in the fields of pharmaceuticals, IT, and AI.


Robots in industries are vulnerable to Cyber Attacks - Cybersecurity Insiders

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Robotic machinery that is being used in industries to assemble airplanes and smart phones are vulnerable to cyber attacks say security experts from Trend Micro Inc. And the researchers argue that most of such machinery is susceptible to hacking activities like data steal and remotely altering the movement of robots. Trend Micro's report titled "Robot Automation" says that industrial environments having robotic machinery are exposed to serious consequences like machinery failure, physical damage to operators and sometimes injuries and life loss to them. Technically, robots run with the help of systems driven by operating systems and some vulnerability in them could make cyber criminals to induce malicious codes into them and program them remotely to run as per their likes. For instance, they found App based software produced by ABB LTD from Switzerland to be exhibiting certain flaws that when explored by hackers could bring operational troubles to industrial firms- especially those related to automobile sector.


This robot scientist conducted experiments by itself during COVID-19 lockdown

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An intelligent robot that works independently 21.5 hours a day is helping scientists at the University of Liverpool with their research using AI, its flexible arm and a customised gripper.


RPA and AI team-up to Propel the Intelligent Automation Hype

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Robotic Process Automation (RPA) and Artificial Intelligence (AI) have garnered a lot of hype lately driving never-before-seen productivity across businesses! The global RPA market is showing an interesting growth and is poised to reach US$10.7 billion by 2027, and its bigger cousin the AI market is forecast to reach a monumental US$390.9 billion by 2025. However, despite the many conversations these promising disruptive technologies have sparked recently, there is still a lot of confusion that looms over the crucial differentiating factors, USPs, and how both these technologies increasingly to work in an amazing tandem. Modern tech-powered enterprises integrate both simple processes and those rich in complex decision making, needing a set of complementary technologies to handle the full range of their workflows. RPA and AI combine to form a winning team, Robotic Process Automation systems have a clear, step-by-step flow, while Artificial Intelligence powers to augment and improve human-inspired machine decision making a complex mix-a-mix.


Radiant Earth Foundation releases benchmark land cover training data for Africa

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Radiant Earth Foundation has released "LandCoverNet," a human-labelled global land cover classification training dataset. This release contains data across Africa, which accounts for 1/5 of the global dataset. Available for download on Radiant MLHub, the open geospatial library, LandCoverNet will enable accurate and regular land cover mapping for timely insights into natural and anthropogenic impacts on the Earth. Global land cover maps derived from Earth observations are not new, but the influx of open-access high spatial resolution Earth observations, such as that from the European Space Agency's Sentinel missions, coupled with improved computer power, encouraged the development of advanced algorithms. Machine learning models applied to high resolution remotely sensed imagery can classify land cover classes more accurately and faster, given the availability of high-quality training data.



It's Time to Rethink Machine Learning Models in Financial Services

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Richard Harmon, Managing Director of Financial Services at Cloudera, discusses the importance of relevant machine learning models in today's age, and how the financial sector can prepare for future changes. The past six months have been turbulent. Business disruptions and closures are happening at an unprecedented scale and impacting the economy in a profound way. In the financial services sector, S&P Global estimates that this year could quadruple UK bank credit losses. The economic uncertainty in the UK is heightened by Brexit, which will see the UK leave the European Union in 2021.


Syntiant raises $35 million for AI speech-processing edge chips

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Syntiant, a startup developing AI edge hardware for voice and sensor solutions, today closed a $35 million round. CEO Kurt Busch says the funds will be used to ramp up production throughout the remainder of 2020. According to a report published by Meticulous Research, the speech and voice recognition hardware market is expected to reach $26.8 billion by 2025. That's because devices like smart speakers, smart displays, phones, headphones, hearing aids, and laptops require low-power chips to process utterances. While some system-on-chip offerings sport coprocessors to handle voice recognition, they're often not able to accommodate multiple form factors. Three-year-old Syntiant, which is headquartered in Irvine, California, provides hardware that merges machine learning with semiconductor design for always-on voice applications.


Royal Bank of Canada and Borealis AI announce new AI

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RBC's AI private cloud platform is the first-of-its-kind in Canada to deliver intelligent software applications and boost operational efficiency Royal Bank of Canada (RBC) and its AI research institute Borealis AI have partnered with Red Hat and NVIDIA to develop a new AI computing platform designed to transform the customer banking experience and help keep pace with rapid technology changes and evolving customer expectations. "Modern AI cannot exist without access to high performance computing. This collaboration means that we can conduct research at scale, and deploy machine learning applications in production with improved efficiency and speed to market." As AI models become more efficient and accurate, so do the computational complexities associated with them. RBC and Borealis AI set out to build an in-house AI infrastructure that would allow transformative intelligent applications to be brought to market faster and deliver an enhanced experience for clients.


3 Ways Artificial Intelligence Will Change Healthcare

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It's no secret that healthcare costs have risen faster than inflation for decades. Some experts estimate that healthcare will account for over 20% of the US GDP by 2025. Meanwhile, doctors are working harder than ever before to treat patients as the U.S. physician shortage continues to grow. Many medical professionals have their schedules packed so tightly that much of the human element which motivated their pursuit of medicine in the first place is reduced. In healthcare, artificial intelligence (AI) can seem intimidating.