ArtificiaI Intelligence (AI)

30 May 2023 – Investors must take a cautious approach to the artificial intelligence (AI) boom to avoid getting ‘burned’, warns a serial tech entrepreneur and the CEO and founder of one of the independent financial advisory, asset management and fintech organisations.

Stockholm, May 30, 2023 – Lumera, an insurtech company dedicated to the digital transformation of the European Life and Pensions industry, has appointed Kerstin Hessius to its board of directors.

Watertown, United States – Dyno Therapeutics, Inc., a biotechnology company, announced the launch of its Dyno bCap 1 capsid product, a central nervous system (CNS)- targeted AAV gene delivery vector, in a keynote address at the company’s Scientific Symposium at the American Society of Gene & Cell Therapy (ASGCT) 26^th annual meeting. The Dyno bCap 1 vector provides improved CNS delivery and liver detargeting compared to natural capsids and all-around characteristics relative to other engineered CNS-IV capsids.

Tokyo Institute of Technology (Tokyo Tech), Tohoku University, Fujitsu Limited, and RIKEN have announced that they will embark on the research and development of a distributed training of large language models (LLM) on supercomputer Fugaku in May 2023, within the scope of the initiatives for use of Fugaku defined by Japanese policy.

Bayanat, a provider of AI-powered geospatial solutions, and Al Yah Satellite Communications Company PJSC (Yahsat), a satellite solutions provider, announced a space programme aimed at building national satellite remote sensing and Earth observation (EO) capabilities within the UAE to commercially address business opportunities in the local and global EO market.

Red Hat, Inc., a provider of open source solutions, has announced that Banco Galicia, an Argentinian private-sector commercial banks, used Red Hat technologies to build an AI-based platform that improves data analysis and processing and reduces the verification time for new corporate clients.

Iridium Communications Inc. has launched and deployed five spare satellites. This launch brings total number of spare Iridium satellites on orbit to 14. In total, 81 Iridium satellites were built, and 80 of them have now been deployed. The Iridium constellation featuring 66 operational crosslinked satellites, enabling truly global, weather-resilient connectivity everywhere on Earth.

IBM has announced a 10-year, $100 million (€93.13 million) initiative with University of Tokyo and University of Chicago to develop a quantum-centric supercomputer powered by 100,000 qubits.

Hewlett Packard Enterprise has announced that it was selected by Tokyo Institute of Technology (Tokyo Tech) Global Scientific Information and Computing Centre (GSIC). This will build supercomputer, TSUBAME4.0, to accelerate AI-driven scientific discovery in medicine, materials science, climate research, and turbulence in urban environments.

Neon Flux is launching Modern.AI. Available to the public this year, Modern.AI is one of the AI tools designed for e-commerce. The software automates virtually every aspect of the online sales process, and generates custom content, to make e-commerce companies streamlined and more profitable.

Lausanne, Switzerland – Inmarsat, a provider in global, mobile satellite communications, has announced that SWISSto12, an aerospace providers, will develop its new eighth-generation of spacecraft. The three I-8 satellites will provide additional network resilience, securing the future of Inmarsat’s global L-band safety services.

WISeKey International Holding Ltd, a cybersecurity, IoT and AI company, has announced its collaboration with FOSSA Systems to launch new WISeSat-Ready FOSSA-powered satellites with SpaceX.

Generative AI (GenAI) startups are stealing the tech spotlight as the linchpin in the AI development. Fueled by hefty venture capital backing, more than a dozen GenAI startups have sprinted to billion-dollar “unicorn” status in just three to four years, shattering the typical 7–9-year norm of unicorns, according to GlobalData, a data and analytics company.

STMicroelectronics, a global semiconductor provider serving customers across the spectrum of electronics applications, has introduced the second generation of its STM32 MPUs (microprocessors). This brings new architecture built upon the same ecosystem and raising performance and security for applications at the industrial and IoT edge.

Toyota Research Institute (TRI) has announced the results of its collaborative research programme with U.S. academic institutions. This initiative has funded $100 million (€93.21 million) of research and generated over 1250 paper submissions since its inception in 2016, making it collaborative research programme by an automotive company in the world.

SAP SE has announced partnership with Microsoft, using anenterprise-ready generative AI improvement to help solve customers’ fundamental business challenges.

edX, a global online learning platform from 2U, Inc., has announced debut of two AI-powered improvement: the new edX plugin for ChatGPT and edX Xpert, an AI-powered learning assistant on the edX platform. Both tools leverage the technology of AI research and deployment company OpenAI to deliver real-time academic support and course discovery to help learners achieve their goals.

Genesys, has announced the Genesys Cloud EX solution, a new product to engage, motivate and empower employees within the contact centre and beyond. This new standalone employee experience solution helps any business increase engagement, performance and trust with digital workforce through capabilities including artificial intelligence (AI)-powered workforce forecasting and scheduling, gamification and performance management, coaching, and employee development.

New York, United States – Brandwatch, an enterprise social suite, unveiled the advancements to Iris, its AI-powered, in-platform engine launched in 2018. With AI at its core, Brandwatch is further introducing with a focus on giving brands access to more sophisticated insights and tools to manage all aspects of their social presence by tapping into recent advances in GPT technology.

Sunnyvale, United States – Juniper Networks has introduced cloud-native access assurance service driven by Mist AI to its AI-driven enterprise portfolio. This solution aims to enhance network security and performance by leveraging artificial intelligence capabilities.

RobotLAB, an American educational technology company, has launched an initial robotics franchising programme. Available now in nearly 40 U.S. states, the franchise opportunity meets a growing marketplace demand for AI solutions in all sectors, including delivery, cleaning, education and customer service, which continues to increase as labour shortages persist.

Fujitsu Limited, Kyoto University, Chordia Therapeutics, Inc., have announced the beginning of field trials leveraging Fujitsu’s AI causal discovery technology to shed light on biomarkers that increase the probability of success or shorten the duration of clinical trials in the development of new cancer drugs.

Menlo Park, United States – Deepcell, a provider in artificial intelligence (AI)-powered single cell analysis to fuel deep biological discoveries, has announced the launch of REM-I Platform, a high-dimensional cell morphology analysis and sorting platform which comprises the REM-I benchtop instrument, human foundation model, and Axon data suite.

Campbell, United States – WekaIO (WEKA), a global data management provider, unveiled version 4.2 of the WEKA Data Platform. The new release brings a variety of enhanced features and new capabilities to the company designed to increase the affordability and performance of next-generation technologies for WEKA’s customers.

LiveEO, a market provider in Earth observation analytics and solutions for high-value infrastructure and energy asset monitoring, today announced a partnership with Capella Space, a provider of high-resolution synthetic aperture radar (SAR) imagery.

Oslo, Norway – Elliptic Labs, a global AI software company and a provider in AI Virtual Smart Sensors currently deployed in over 500 million devices, is announcing the launch of the 100% software-only AI Virtual Human Presence Sensor on multiple Lenovo ThinkPad P series mobile workstation laptops. This launch covers the Lenovo ThinkPad P16 Gen 2, P1 Gen 6, P16v i, P16s i Gen 2, and P14s i Gen 4.

Warsaw, Poland – TS2 Space, a satellite communications operator, has recently started investing in artificial intelligence (AI) startups, with a specific emphasis on projects related to satellite communication. Nevertheless, their investment strategy encompasses a broader range of industries, acknowledging the potential of AI-powered solutions in various fields.