If you are looking for an answer to the question What is Artificial Intelligence? and you only have a minute, then here's the definition the Association for the Advancement of Artificial Intelligence offers on its home page: "the scientific understanding of the mechanisms underlying thought and intelligent behavior and their embodiment in machines."
However, if you are fortunate enough to have more than a minute, then please get ready to embark upon an exciting journey exploring AI (but beware, it could last a lifetime) …
Artificial intelligence (AI) has become an increasingly popular tool for drug companies discovering and designing new therapies. According to analysis by Deloitte, the AI market in drug discovery is expected to grow from $159.8m in 2018 to $2.9bn by 2025. Of the almost 180 start-ups involved in AI-assisted drug discovery in 2019, 40% were working on repurposing existing drugs or generating novel drug candidates using AI, machine learning, and automation. AI-enabled drug design company Valence Discovery, formerly InVivo AI, was founded in 2018. Since its rebrand last month, the company has announced a series of impressive drug discovery and design partnerships, with the aim of making advanced technology accessible to R&D organisations of all sizes.
Abhijit Shanbhag is CEO of Graymatics, a cognitive media processing company, providing AI-powered solutions for multiple sectors including security and surveillance, digital marketing, telecommunications and IoT. He believes that many more cities can and should improve their safety and efficiency by engaging in Smart Cities projects, and here shares how the use of AI in the Smart Cities scheme can help to create a safer society. How can Smart Cities detect and track criminal activity? Smart Cities largely leverage Smart CCTV's to keep the city safe by employing powerful AI-based solutions, such as Graymatics, applied to the CCTV feeds to automatically detect various kinds of suspicious and/or criminal activities anywhere in the city. Any instances of criminal activity such as assault, brandishing of weapon, fire, vandalism, and/or suspicious behaviour will immediately be detected by the AI platform linking to the CCTVs, at which point an alert is created and assigned accordingly to law enforcement officials.
The Cleveland Clinic and IBM have entered a 10-year partnership that will install a quantum computer -- which can handle large amounts of data at lightning speeds -- at the Clinic next year to speed up medical innovations. The Discovery Accelerator, a joint Clinic-IBM center, will feature artificial intelligence, hybrid cloud data storage and quantum computing technologies. A hybrid cloud is a data storage technology that allows for faster storage and analysis of large amounts of data. The partnership will allow Clinic researchers to use the advanced tech in its new Global Center for Pathogen Research and Human Health for research into genomics, population health, clinical applications, and chemical and drug discovery. The Center for Global and Emerging Pathogens Research studies emerging pathogens -- such as Zika and COVID-19 -- and seeks to develop treatments and vaccines to fight the next public health threat.
An out of this world collaboration aims to bring farming to the space age. NASA is teaming up with a company called CropX to leverage its satellites in the fight for food security and sustainability. NASA has long had a unique vantage on the world thanks to its constellation of Earth-observing satellites. Satellite imagery, which is invaluable for tracking changes to the earth over time and giving a snapshot of things like crop health and distribution, has helped scientists make important observations about climate and farming practices. Via a program known as NASA Harvest, the space agency has been working to leverage its insights for food security and sustainable agriculture.
Artificial Intelligence (AI) technologies are being increasingly used in the Oil and Gas (O&G) industry to optimize production, reduce operational costs and maximize efficiency. According to a Markets and Markets report, AI in the global oil and gas market is expected to grow from an estimated USD 1.57 billion in 2017 to USD 2.85 billion by 2022, at a CAGR of 12.66%. The oil and gas enterprises are seeking novel approaches to address the issues that plague the industry at present. In view of the falling fuel prices, concerns over the environmental impact of energy production and personnel safety, companies are leveraging technological innovations such as AI to optimize processes and maximize the returns on investment. In this report, we present insights and trends related to the AI technologies used in the Oil and Gas industry, through a study of patents related to petroleum exploration and refining technology segments.
It was only last month that self-driving vehicle startup Aurora said it was partnering with Toyota to develop a fleet of robotaxis. The company has now announced a new agreement with Volvo to build fully autonomous semi trucks that will carry cargo across North America (via The Verge). The two companies say they've been exploring a potential partnership since 2018, when they came together to build a prototype truck nicknamed Pistachio (above). At the time, Aurora admits its Driver technology wasn't advanced enough to safely control a vehicle as big and heavy as a semi on a highway. But with new sensor technologies Aurora acquired in 2019, the two companies believe they're now ready to build a fleet of Level 4 autonomous trucks that will travel busy hub-to-hub routes between major North American cities. In addition to helping make the vehicles, Aurora will provide logistics and operations support, using the cloud to route those trucks in the most efficient way possible.
PwC announced that it was cited as a Leader in The Forrester Wave: AI Consultancies, Q1 2021. In the report, Forrester notes that "AI consultancy customers should look for providers that: Commenting on PwC, the report states that: "The PwC backstory has two facets -- client transformations and its own. PwC helps transform client businesses, but its own transformation is part of its story. PwC doubled down on its own upskilling and IP-building platform and then launched this for clients. One-off simulation projects are now scaled offerings for strategic planning, operations, and continuous scaling of business models. Even strategic innovation partnerships are points of excellence; one client specifically selected PwC because of the consultancy's relationship with Carnegie Mellon."
The Cleveland Clinic will rely on state-of-the-art IBM technology to support its latest public health project. High-performance cloud computing, artificial intelligence, and a couple of quantum computers: IBM is going all-in with a freshly signed, decade-long partnership that will see Big Blue provide the technology infrastructure for a new research center dedicated to public health threats such as the COVID-19 pandemic. The Ohio-based Cleveland Clinic, a non-profit institution that combines clinical and hospital care with medical research and education, will use state-of-the-art IBM technology to support its latest project: a global center for pathogen research and human health. Supported by a $500 million investment, the new center will be dedicated to the study of viral pathogens, virus-induced diseases, genomics, immunology and immunotherapies. To assist researchers' work preparing for and protecting against emerging pathogens, IBM has designed a "Discovery Accelerator" – contributing the company's latest capabilities to better support data-based scientific work and fast-track the discovery of new treatments.
Opsmatix, an innovative provider of Artificial Intelligence -powered omnichannel operations automation solutions, announces a strategic partnership with US-based Sand Hill East (SHE) LLC a highly successful business acceleration and strategic venture advisory group. Led by industry leader Andy Brown, SHE will be introducing the Opsmatix SaaS product into the Americas. The Opsmatix SaaS platform is an AI-powered omnichannel intelligent business automation solution. It is proven to enable firms to reduce operating costs by some 40% whilst significantly improving customer and staff satisfaction rates. At a time of falling margins, most financial services firms are striving to reduce costs and transform customer service capabilities.
As part of the partnership, Fabrick's unique offering will become part of the Microsoft Commercial Marketplace, Microsoft's financial ecosystem that already includes more than 17,000 globally certified apps and services. This collaboration will enable Fabrick to strengthen its presence in the corporate market, both domestically and internationally, allowing for multiple companies across Europe to benefit from the new Open Banking and Open Payment solutions. The agreement will see Fabrick collaborate with Microsoft Italia to further enhance its approach to financial sector innovation, based on the ability to openly integrate third-party services for the rapid development of digital, personalised and affordable products and services. These services will centre around the needs of advanced end users and capitalise on the flexibility, scalability and security of the Microsoft Azure cloud platform, as well as the most advanced features of Artificial Intelligence and Integrated Data Analysis. The Personal Finance Management solution is already available and enables end customers to view and manage their money whether it is in a different bank or bank accounts all from a single app, providing a complete and real-time view of their resources, in line with PSD2 regulations.