investment


Aspire Universal Launches $300 Million Precision Medicine Fund Focused on Personalized Devices and Medical Practices

#artificialintelligence

TEL AVIV, Israel and NEW YORK and LANCASTER, Pa., April 24, 2018 (GLOBE NEWSWIRE) -- Today, Aspire Universal announced the establishment of the Aspire Ventures Precision Medicine Fund (AVP) to accelerate innovation for personalized devices and medical practices. Precision medicine is one of the most important transformations ever to come to medicine, and by shifting away from one-size-fits-all solutions, precision medicine offers personalized solutions that deliver better experiences and better outcomes at a lower cost. The AVP invests in devices and therapies that leverage AI and IoT to deliver affordable solutions at a massive scale that take into account each individual's DNA, microbiome, biochemistry, and lifestyle. The mission of the AVP is to transform and improve population health by leveraging AI and IoT to develop cutting-edge precision medicine technologies that could have a national, or even global, impact. The fund aims to achieve this goal by greatly accelerating the time-to-market for highly innovative and transformative personalized healthcare solutions – which are the foundation of precision medicine – while maximizing the potential market success rate of those solutions.



Artificial Intelligence or Useful Information? All Star Incentive Marketing

#artificialintelligence

Artificial Intelligence (AI) is one of the most exciting new developments in the technology world. Advancements in artificial intelligence in the areas of physics, medicine and other complex environments is mind-boggling. But what exactly is Artificial Intelligence? The dictionary defines it this way: the theory and development of computer systems able to perform tasks that normally require human intelligence, such as visual perception, speech recognition, decision-making, and translation between languages. In most business applications, artificial intelligence may mean a deeper form of analytical analysis.


AI Is A Death Knell For Many Traditional IT Vendors

#artificialintelligence

Artificial intelligence (AI) is quickly becoming a phenomenon in daily life -- whether it's staying organized with virtual assistants like Siri and Alexa, relying on Waze and Google Maps for the fastest commute time to work or tagging photos with Facebook's facial recognition technology. However, AI is driving equally powerful innovation in other ways that may not seem as familiar to average consumers and yet are dramatically improving the experience they have with their mobile devices. That's because one of the earliest and most ardent adopters of AI is the enterprise information technology (IT) operations that manage the networks you and I need to access. For them, AI is rapidly becoming a critical component to provide better visibility into the network environment, reduce costs, simplify operations and fix problems faster. Gartner predicts that by 2020, AI will be one of the five most important investment priorities for more than 30% of chief information officers (CIOs).


China's IC industry grew 21 percent per year since 2013

ZDNet

China's integrated circuit (IC) industry grew 21 percent per year from 2013 to 2017, the Ministry of Industry and Information Technology has said. Growth is five times the global growth rate, bringing the country closer to becoming a first-tier vendor, especially in chip design, the ministry said. Smart cars and artificial intelligence technology were adopting more domestically-designed chips, it added. The market was worth 250.8 billion yuan (around $39.8 billion) in 2013 and grew to 541.1 billion yuan ($85.9 billion) in 2017. China's chip production was at 85.7 billion yuan ($13.6 billion) in 2013 and increased to 156.5 billion yuan ($24.8 billion) in 2017.


Military applications of artificial intelligence

#artificialintelligence

Artificial intelligence (AI) is having a moment in the national security space. While the public may still equate the notion of artificial intelligence in the military context with the humanoid robots of the Terminator franchise, there has been a significant growth in discussions about the national security consequences of artificial intelligence. These discussions span academia, business, and governments, from Oxford philosopher Nick Bostrom's concern about the existential risk to humanity posed by artificial intelligence to Telsa founder Elon Musk's concern that artificial intelligence could trigger World War III to Vladimir Putin's statement that leadership in AI will be essential to global power in the 21st century. What does this really mean, especially when you move beyond the rhetoric of revolutionary change and think about the real world consequences of potential applications of artificial intelligence to militaries? Artificial intelligence is not a weapon.


The success of artificial intelligence depends on data

#artificialintelligence

Artificial intelligence (AI) has become a prominent industry buzzword. From messaging and chatbots, to sophisticated enterprise applications, it's clear that AI is here to stay. People continue to hear mentions of how AI will advance society, but the debate remains as to how AI can and should be applied in practicality and whether the promise is real. Today, many organisations continue to fail to effectively apply AI to solve specific business cases. The hype around AI has led to a trend where every vendor claims to leverage it in their technology, solutions or products, causing extreme confusion, and in some cases, frustration among technology users.


South Korea to invest over $620 million in nanotech R&D

ZDNet

South Korea will invest 669.3 billion won ($626 million) into research and development (R&D) of nanotechnology, the government has announced. Investment will focus on areas with the largest commercial impact, the Ministry of Science and ICT said, such as nanomaterials that can be used for artificial intelligence, big data, and the Internet of Things (IoT). There will also be support for 3D nanoelectronic devices, sensors for IoT, biomechanics, fibres, and precursors, the ministry said. It marks a slight rise from last year's investment of 648.3 billion won by 11 government-backed research institutes in the same areas. As of 2017, a total of 1133 patents in nanotechnology were registered in the US, the ministry said, and the long-term goal is to register around 5,000 by 2025.


Artificial intelligence is transforming investment strategies

#artificialintelligence

Due to exponential increases in computer power and data storage over the past couple of decades, we have witnessed the rise of artificial intelligence systems that meet and exceed human abilities. At the forefront of recent A.I. technology is an approach termed machine learning. In the financial services world, insurance firms and investment banks have employed ML-based systems to automate areas such as claims processing and contract validation. The asset management industry will be no exception. ML has begun to make inroads as asset managers realize that the ability to extract value from big data is going to be a key differentiator -- and that traditional industry practices will struggle to stay afloat in this mounting flood of real-time data.


AI Enabled Health Startup Visit Raised Investment From Twitter co-Founder Biz Stone

#artificialintelligence

Delhi-based AI enabled health startup, Visit, raised undisclosed investment from Twitter co-founder Biz Stone. This app uses an artificial intelligence-based bot which facilitates users-doctors consultation based on digital assistant. 'Visit' is an on-demand healthcare service online platform which provides its users a pool of medical specialists and general physicians to choose from for consultation. Recently, it introduced an artificial intelligence-based'chatbot' that acts as a digital assistant to provide "smart help" to patients in accessing consultation from doctors. Visit Internet Services was founded in 2016 in Delhi by Vaibhav Singh, Shashvat Tripathi and 2 others who claims it as country's first AI-integrated health app.