Machine learning is rapidly transforming various sectors, presenting lucrative opportunities for investors. However, not all stocks in this sector guarantee returns, so careful consideration is necessary. While many firms claim to have advanced machine learning capabilities, discerning investors must look for companies with solid business models and definitive applications.… Read the rest
Duolingo Embraces Artificial Intelligence, Leading to Contractor Layoffs
Summary: Pittsburgh-based language-learning platform, Duolingo, has recently laid off a portion of its contractor workforce, citing the integration of artificial intelligence (AI) as a contributing factor. While the company acknowledged that the conclusion of certain contractor work played a role, they emphasized the increasing use of AI for various functions and tasks.… Read the rest
Warning: Vulnerabilities in AI Chatbots Raise Concerns about Safety
Artificial intelligence (AI) chatbots like ChatGPT have become increasingly popular, serving as virtual assistants that can answer questions, control devices, and even make online purchases on our behalf. However, a recent study by Zico Kolter and Matt Fredrikson from Carnegie Mellon University has shed light on potential safety concerns with these chatbots.… Read the rest
Artificial Intelligence and Decarbonization Set to Transform Global Economy
According to Peter Oppenheimer, an analyst at Goldman Sachs, the world economy is on the brink of a major transformation driven by the advent of artificial intelligence (AI) and the urgent need for decarbonization. Oppenheimer describes this convergence as the first “super cycle” since the 1980s, capable of reshaping industries and labor markets.… Read the rest
The Growing Demand for Blockchain Technology in Supply Chain Management
According to a recent report, the blockchain supply chain market is projected to reach an impressive USD 75.38 billion by 2032, up from USD 1.47 billion in 2022. This significant growth can be attributed to two key factors: the increasing need for supply chain transparency and the enhanced security provided by blockchain technology.… Read the rest
New AI Tools Revolutionize Fashion E-Commerce
Fashion e-commerce has long been plagued by the challenge of fit and the resulting increase in returns and shipping costs. However, the introduction of new artificial intelligence (AI) technology is poised to transform the industry. Leading the charge is Amazon Fashion, which has developed a range of AI-driven tools to tackle the fit dilemma and provide valuable insights to both customers and brands.… Read the rest
Alphabet: An Undervalued Player in the AI Market, Says Strategist
According to Matt Orton, chief market strategist at Raymond James Investment Management, Alphabet is an underappreciated player in the artificial intelligence (AI) market and one of his top picks for 2024. While Nvidia has been a favorite among investors for AI, Orton believes that Alphabet’s potential in the industry has been overlooked by the broader market.… Read the rest
Alphabet Subsidiary Collaborates with Novartis and Eli Lilly on Drug Discovery
Isomorphic Labs, a subsidiary of Alphabet Inc., has recently announced strategic research collaboration agreements with Novartis AG and Eli Lilly & Co. The partnerships aim to advance the development of small molecule therapeutics through the integration of artificial intelligence (AI), data science, and medicinal chemistry.… Read the rest
New Smart Robot Vacuum and Mop from Samsung Uses AI to Tackle Stubborn Stains
A groundbreaking smart robot vacuum and mop, known as the Bespoke Jet Bot Combo, is set to revolutionize household cleaning. Unveiled at CES 2024, this innovative device by Samsung utilizes the power of artificial intelligence (AI) to detect and eliminate hidden stains with ease.… Read the rest
Samsung Introduces AI-Powered Smart Fridge and Expands AI Technology in Product Lineup
Samsung has recently introduced its latest innovation, the Bespoke 4-Door Flex fridge with AI Family Hub+, showcasing its commitment to incorporating artificial intelligence (AI) in its products. This smart fridge can effortlessly identify various food items placed inside and provide recipe recommendations based on those ingredients.… Read the rest