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>>> Palantir Expands Microsoft Cloud Computing Pact To Government Agencies
Investor's Business Daily
REINHARDT KRAUSE
04/05/2023
https://www.investors.com/news/technology/pltr-stock-palantir-expands-microsoft-cloud-computing-pact-to-government-agencies/
Palantir Technologies (PLTR) on Wednesday expanded its cloud computing partnership with Microsoft (MSFT) on federal government contracts. PLTR stock fell on the news as the Nasdaq composite sold off.
In addition, a government procurement arm, FedRAMP, has approved the Palantir cloud service using Microsoft's Azure cloud infrastructure.
"This milestone expands Palantir and Microsoft's strategic partnership from the private sector to the public sector, bringing the best in class cloud components to the federal marketplace," said a Palantir news release.
William Blair analyst Louie DiPalma holds a underperform rating on Palantir stock.
"We do not view the Microsoft Azure partnership as significant," he said in a report. "Palantir already offered its Gotham and Foundry application on Amazon Web Services as a SaaS (software-as-a-service) model."
On the stock market today, PLTR stock fell 4.4% to close at 7.98. Also, Palantir stock has gained 26% thus far in 2023.
PLTR Stock: Big Government Provider
In addition, Palantir gets nearly 60% of revenue from government agencies. They use Palantir software for intelligence gathering, counterterrorism and military purposes. Also, Palantir uses artificial intelligence tools in some products.
Further, PLTR aims to grow its commercial business. The software maker is looking to expand into the health care, energy, automotive and manufacturing sectors.
Also, Palantir's big government business remains key as some large U.S. government contracts are coming up for renewal.
Meanwhile, PLTR stock holds a Relative Strength Rating of 52 out of a best-possible 99, according to IBD Stock checkup.
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Papillonlyrics, Just curious if there are any AI related stocks that you especially like as long term investments? Or other tech sectors that you like? Thanks.
I have a bunch (link below), but only have a fairly limited knowledge of these sectors. So far I've mainly chosen the stocks with the best 10 year charts :o)
https://investorshub.advfn.com/Elite-Stocks-38031
One promising small cap with an AI angle is Perion Networks (PERI)
Perion - >>> This Ad Tech Stock Could Win Big From Microsoft's ChatGPT Investment <<<
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171243267
Thanks for any ideas :o)
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>>> Elon Musk, tech leaders call for pause in AI race to prevent risk to 'humanity'
by Sheri Walsh
UPI
Mar 29, 2023
https://www.msn.com/en-us/news/technology/elon-musk-tech-leaders-call-for-pause-in-ai-race-to-prevent-risk-to-humanity/ar-AA19f7Bi
March 29 (UPI) -- Hundreds of tech leaders and researchers are warning artificial intelligence labs to immediately stop training AI systems with human-competitive intelligence that "can pose profound risks to society and humanity."
SpaceX founder Elon Musk and hundreds of tech leaders are warning artificial intelligence labs, in an open letter Wednesday, to immediately stop the "out of control" advanced AI race for six months to make sure all systems are safe, or face "profound risks to society and humanity."
The open letter to AI labs was signed Wednesday by Elon Musk, Apple co-founder Steve Wozniak and politician Andrew Yang, in addition to more than 1,300 other big-named tech experts.
The letter blasts AI labs for failing to attain a high level of planning and management, as it called for a pause of "at least 6 months" on the training of "AI systems more powerful than GPT-4."
"Recent months have seen AI labs locked in an out of control race to develop and deploy ever more powerful digital minds that no one -- not even their creators -- can understand, predict, or reliably control," the letter, published by the nonprofit Future of Life Institute, warned.
"Advanced AI could represent a profound change in the history of life on Earth, and should be planned for and managed with commensurate care and resources," the letter said.
The letter also called on governments to step in and issue a moratorium, if AI experiments are not stopped immediately, while creating independent regulators to make sure all future systems are safe.
"Powerful AI systems should be developed only once we are confident that their effects will be positive and their risks will be manageable," the letter said.
The letter from tech experts comes two weeks after OpenAI announced GPT-4, the next-generation of AI technology found in chatbot tool, ChatGPT, which is currently used in Microsoft and Google products. Open AI claims GPT-4 can pass a simulated bar exam with a score in the top 10% of test takers.
"Contemporary AI systems are now becoming human-competitive at general tasks," tech leaders warned.
"We must ask ourselves: Should we let machines flood our information channels with propaganda and untruth? Should we automate away all the jobs, including the fulfilling ones? Should we develop nonhuman minds that might eventually outnumber, outsmart, obsolete and replace us? Should we risk loss of control of our civilization?" the letter queried.
OpenAI has posed similar questions about regulating AI systems.
"At some point, it may be important to get independent review before starting to train future systems, and for the most advanced efforts to agree to limit the rate of growth of compute used for creating new models," OpenAI said in a recent statement, to which Wednesday's letter responded:
"We agree. That point is now."
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>>> Microsoft is bringing ChatGPT technology to cybersecurity
Yahoo Finance
by Daniel Howley
March 28, 2023
https://finance.yahoo.com/news/microsoft-is-bringing-chatgpt-technology-to-cybersecurity-153003566.html
Microsoft (MSFT) is bringing OpenAI’s ChatGPT capabilities to its cybersecurity business via its new Microsoft Security Copilot. The software, which was announced Tuesday, is meant to help cybersecurity professionals prevent and detect cyberattacks faster and with greater ease.
“The entire impact of this is to defend the way we've never been able to defend before,” Vasu Jakkal, Microsoft CVP of security, compliance, identity, and management told Yahoo Finance. “You're now going to be able to protect and disrupt attacks when they're happening.”
Security Copilot, Jakkal explained, runs on both OpenAI’s GPT-4 generative AI model and Microsoft’s own security-specific model. The result is an AI bot that allows cybersecurity professionals to do things like quickly pull together information on the latest security incidents in their companies, dig into potential threats, and even quickly look up data on common vulnerabilities and exposures.
In one example, Microsoft showed how Security Copilot can look at a cyberattack to pick apart how the hacker got into a network and onto a victim’s device.
“It’s the first and only generative AI-based, [large language model]-based tool that is out there. It’s one of a kind. This has never happened before,” Jakkal added.
Microsoft says that Security Copilot will allow cybersecurity workers to catch incidents that other approaches may otherwise miss, improve the quality of threat detection, speed up their response, and help them improve their overall security standing.
Microsoft already sells an array of cybersecurity offerings including Microsoft Defender, Microsoft Entra, Microsoft Purview, and Microsoft Sentinel. In January, the company announced that its cybersecurity arm is now a $20 billion a year business.
The tech giant says that Security Copilot will continually improve as it learns from a company’s own data. That data, however, will never be used to teach the broader Copilot algorithm. Meaning a customer’s information will remain its own.
Security Copilot works just like Microsoft’s Bing search engine. Cybersecurity workers type a prompt into a text box, and Security Copilot will fire back a reply based on the app’s available knowledge set.
As with the company’s other generative AI offerings, Microsoft says Security Copilot may provide incorrect answers to prompts, and gives users a means to report them.
The announcement comes just weeks after Microsoft debuted its Microsoft 365 Copilot for its Microsoft 365 productivity suite. That offering allows users to take advantage of Microsoft’ and OpenAI’s AI capabilities to do things like put together a PowerPoint presentation, write up articles in Word, and more.
Microsoft is riding high on its multi-billion investment in OpenAI. The firm, which originally showed off its ChatGPT-powered Bing search engine and Edge browser, is pouring the technology into seemingly all of its products as the AI wars heat up across Silicon Valley.
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In terms of SEO, I don't think that any AI tools will completely change the game. Of course, Ai tools make it easier for domains to pump "new" content for free aside from the time investment required to edit the text. Yet, if everyone was to master using it, thus overflowing the net with optimized content, it will only make the tired-and-true practices all the more relevant.
The three SEO pillars will always halt your progress if you rely solely on AI content - due to the lack of vernaculars and factual writing. In fact, it can lead to you sabotaging your domain's authority factor if you keep posting content without endorsing its relevance in any other way. For example, via effective link-building campaigns, outreach methods, and other forms of signaling Google (or any other browser) that your content makes sense.
$AITX and Robotic Assistance Devices CEO Steve Reinharz Appointed to Security Industry Association Board of Directors
Detroit, Michigan, March 30, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the "Company") (OTCPK:AITX), a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today announced that Steve Reinharz has been appointed to the board of directors for the Security Industry Association (SIA).
Reinharz will join six other security industry professionals while serving a two-year term in support of the association's mission "to be a catalyst for success within the global security industry through information, insight and influence."
"It's an honor to have been nominated and appointed to the SIA board of directors," Reinharz said. "I commend SIA for embracing RAD's vision of an inevitable AI-powered security industry. I look forward to working with this distinguished team of security leaders to help shape and define the future of our industry."
SIA is an industry trade association for global security solution providers, with more than 1,300 member companies representing thousands of security leaders and experts who shape the future of the security industry.
"SIA congratulates Steve Reinharz on joining the SIA Board of Directors," said SIA CEO Don Erickson. "As a recognized innovator in the security industry, SIA appreciates Steve's willingness to share his vision and expertise to benefit SIA."
AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide a cost savings to businesses of between 35%-80% when compared to the industry's existing and costly manned security guarding and monitoring model. RAD delivers this tremendous costs savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.
RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the "Company"). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company's future revenues, results of operations, or stock price.
About Artificial Intelligence Technology Solutions (AITX)
AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX's RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staffs and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit http://www.aitx.ai, http://www.stevereinharz.com, http://www.radsecurity.com,http://www.radgroup.ai, and http://www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.
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Steve Reinharz
949-636-7060
@SteveReinharz
Attachment
Artificial Intelligence Technology Solutions, Inc.
>>> Elon Musk's Neuralink Reportedly One Step Closer To Testing On Humans
Slash Gear
by Quentyn Kennemer
3-27-23
https://www.msn.com/en-us/health/other/elon-musk-s-neuralink-reportedly-one-step-closer-to-testing-on-humans/ar-AA198ymy?OCID=ansmsnnews11
Today's generation is closer than any other to living in the cybernetic future that scriptwriters, gaming studios, and dystopian novelists collectively seared into society's conscience. We've long had medical devices like electronic brain implants and pacemakers to help diseased patients better combat pathological disorders and disabilities. Still, certain world visionaries hope to expand the capabilities of devices like these.
For the brain, Elon Musk's Neuralink hopes to develop implantable technology that can directly interface with a patient's neurological system and communicate with external computers. Neuralink is hopeful the technology can eventually help contribute to cures for ailments that can cause blindness and paralysis, among others.
Pursuing the venture since 2016, Neuralink has understandably stumbled over regulatory roadblocks amidst concerns about the safety of its unorthodox approach to medicine. Early animal trials reportedly raised red flags due to alarming mortality rates among test subjects, and controversies surrounding the trial's processes have not helped its cause, causing the food and drug administration to block human trials in the United States earlier in 2022.
However, Reuters reports that Neuralink is looking to take significant steps to solidify its research efforts by approaching the Arizona-based neurosurgery firm Barrow Neurological Institute to explore a partnership to host clinical trials. Barrow boasts as one of the best hospitals for neurology and neurosurgery by publications like Newsweek, which ranked it 10th in the United States and 15th worldwide based on research backed by Statista.
Perhaps the most tricky organs to operate on, ordinary brain surgeries are still considered extraordinary risks, so neither side can afford to step carelessly in this arena. Drawing the ire of animal rights activists is its own excruciating migraine. Still, the stakes are much higher when operating on humans, even when would-be participants sign away their medical protections to join trials like these.
Musk's eventual plans for Neuralink to extend beyond pure health. In addition to stamping out disease, improving cognitive function, and increasing general quality of life, he's hopeful the technology will eventually evolve to allow us to control devices by thought and even upload our memories to the cloud, a future scenario several sci-fi creatives have already dreamed up, for better or worse.
It would be an endearing gift to humanity, to say the least, but one that most can certainly agree shouldn't be rushed out of the lab. For Neuralink to approach any such institution, it must be confident that it'll eventually be able to carry out these trials on human subjects safely.
Despite the hurdles, Musk raised a six-month window for trial approvals back in December 2022. Hence, the timing of today's news surely piques curiosity about the project's rapid movement of late. One major misstep could perpetually harm the technology's future potential, so we'll wait with bated breath to see just how serious Neuralink is about getting the basics right.
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>>> This AI can sketch what you’re picturing from brain waves
Today
3-25-23
by Sara Ruberg and Jacob Ward
https://www.msn.com/en-us/money/other/this-ai-can-sketch-what-you-re-picturing-from-brain-waves/ar-AA1943xc?OCID=ansmsnnews11
Zijiao Chen can read your mind, with a little help from powerful artificial intelligence and an fMRI machine.
Chen, a doctoral student at the National University of Singapore, is part of a team of researchers that has shown they can decode human brain scans to tell what a person is picturing in their mind, according to a paper released in November.
Their team, made up of researchers from the National University of Singapore, the Chinese University of Hong Kong and Stanford University, did this by using brain scans of participants as they looked at more than 1,000 pictures — a red firetruck, a gray building, a giraffe eating leaves — while inside a functional magnetic resonance imaging machine, or fMRI, which recorded the resulting brain signals over time. The researchers then sent those signals through an AI model to train it to associate certain brain patterns with certain images.
Later, when the subjects were shown new images in the fMRI, the system detected the patient’s brain waves, generated a shorthand description of what it thinks those brain waves corresponded to, and used an AI image-generator to produce a best-guess facsimile of the image the participant saw.
The results are startling and dreamlike. An image of a house and driveway resulted in a similarly colored amalgam of a bedroom and living room. An ornate stone tower shown to a study participant generated images of a similar tower, with windows situated at unreal angles. A bear became a strange, shaggy, doglike creature.
The resulting generated image matched the attributes (color, shape, etc.) and semantic meaning of the original image roughly 84% of the time.
While the experiment requires training the model on each individual participant’s brain activity over the course of roughly 20 hours before it can deduce images from fMRI data, researchers believe that in just a decade the technology could be used on anyone, anywhere.
“It might be able to help disabled patients to recover what they see, what they think,” Chen said. In the ideal case, Chen added, humans won’t even have to use cellphones to communicate. “We can just think.”
The results involved only a handful of study subjects, but the findings suggest the team’s noninvasive brain recordings could be a first step toward decoding images more accurately and efficiently from inside the brain.
Researchers have been working on technology to decode brain activity for over a decade. And many AI researchers are currently working on various neuro-related applications of AI, including similar projects such as those from Meta and the University of Texas at Austin to decode speech and language.
University of California, Berkeley scientist Jack Gallant began studying brain decoding over a decade ago using a different algorithm. He said the pace at which this technology develops depends not only on the model used to decode the brain — in this case, the AI — but the brain imaging devices and how much data is available to researchers. Both fMRI machine development and the collection of data pose obstacles to anyone studying brain decoding.
“It’s the same as going to Xerox PARC in the 1970s and saying, ‘Oh, look, we’re all gonna have PCs on our desks,’” Gallant said.
While he could see brain decoding used in the medical field within the next decade, he said using it on the general public is still several decades away.
Even so, it’s the latest in an AI technology boom that has captured the public imagination. AI-generated media from images and voices to Shakespearean sonnets and term papers have demonstrated some of the leaps that the technology has made in recent years, especially since so-called transformer models have made it possible to feed vast quantities of data to AI such that it can learn patterns quickly.
The team from the National University of Singapore used image-generating AI software called Stable Diffusion, which has been embraced around the world to produce stylized images of cats, friends, spaceships and just about anything else a person could ask for.
The software allows associate professor Helen Zhao and her colleagues to summarize an image using a vocabulary of color, shape and other variables, and have Stable Diffusion produce an image almost instantly.
The images the system produces are thematically faithful to the original image, but not a photographic match, perhaps because each person’s perception of reality is different, she said.
“When you look at the grass, maybe I will think about the mountains and then you will think about the flowers and other people will think about the river,” Zhao said.
Human imagination, she explained, can cause differences in image output. But the differences may also be a result of the AI, which can spit out distinct images from the same set of inputs.
The AI model is fed visual “tokens” in order to produce images of a person’s brain signals. So instead of a vocabulary of words, it’s given a vocabulary of colors and shapes that come together to create the picture.
But the system has to be arduously trained on a specific person’s brain waves, so it’s a long way from wide deployment.
“The truth is that there is still a lot of room for improvement,” Zhao said. “Basically, you have to enter a scanner and look at thousands of images, then we can actually do the prediction on you.”
It’s not yet possible to bring in strangers off the street to read their minds, “but we’re trying to generalize across subjects in the future,” she said.
Like many recent AI developments, brain-reading technology raises ethical and legal concerns. Some experts say in the wrong hands, the AI model could be used for interrogations or surveillance.
“I think the line is very thin between what could be empowering and oppressive,” said Nita Farahany, a Duke University professor of law and ethics in new technology. “Unless we get out ahead of it, I think we’re more likely to see the oppressive implications of the technology.”
She worries that AI brain decoding could lead to companies commodifying the information or governments abusing it, and described brain-sensing products already on the market or just about to reach it that might bring about a world in which we are not just sharing our brain readings, but judged for them.
“This is a world in which not just your brain activity is being collected and your brain state — from attention to focus — is being monitored,” she said, “but people are being hired and fired and promoted based on what their brain metrics show.”
“It’s already going widespread and we need governance and rights in place right now before it becomes something that is truly part of everyone’s everyday lives,” she said.
The researchers in Singapore continue to develop their technology, hoping to first decrease the number of hours a subject will need to spend in an fMRI machine. Then, they’ll scale the number of subjects they test.
“We think it’s possible in the future,” Zhao said. “And with [a larger] amount of data available on a machine learning model will achieve even better performance.”
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>>> Character.AI Chatbot Startup Draws $1 Billion Valuation After Andreessen Horowitz Funding
The Wrap
by Dessi Gomez
3-23-23
https://www.msn.com/en-us/money/companies/character-ai-chatbot-startup-draws-1-billion-valuation-after-andreessen-horowitz-funding/ar-AA1905Zn?OCID=ansmsnnews11
Character.AI, a 16-month-old chatbot startup company founded by two former Google employees, has garnered a $1 billion valuation after a new round of investment funding.
The company said Thursday that it raised $150 million in a new funding round led by venture capital firm Andreessen Horowitz, according to the Wall Street Journal.
Other previous investors in the startup include former chief executive of Microsoft unit GitHub Nat Friedman, and SV Angel, one of Silivon Valley's most active seed investors.
Character.AI does not generate any revenue as stated by a representative for the company.
Chatbots are an interesting area but it 'touches very few players,' portfolio manager says
The private company launched an early version of its software, which allows users to create and engage with chatbots that simulate characters or famous people like Vladimir Putin or Elon Musk in September. Former Google Engineers Noam Shazeer and Daniel De Freitas founded the star-up in Nov. 2021. The site gets 100 million visitors a month.
This latest funding will allow Character.AI to hire more engineers and expand the capabilities of its chatbot. The company plans to release an early preview of a more advanced chatbot model capable of writing emails or helping people study for tests.
This latest development in artificial intelligence comes after the race kicked off by startup OpenAI, which released its chatbot ChatGPT in November 2022. OpenAI was founded in 2015, and the company has received a pledge form Microsoft Corp. to invest billions of dollars into Aopen AI over several years.
Sarah Wang, a general partner of Andreessen Horowits, will join Character.AI's board, as reported Thursday.
"Character.AI is rapidly and dramatically advancing generative AI, with the potential to transform how humans connect," Ms. Wang said.
Wang also wrote a blog post on investing in Character.AI, describing her experience with the chatbot.
"AI has gone mainstream, making it possible for us to engage with technology in ways that were previously only imaginable through movies like Spike Jonze's "Her" or Tony Stark's J.A.R.V.I.S. in 'Iron Man,'" Wang wrote.
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$IDVV - Interesting AI News
https://investorshub.advfn.com/International-Endeavors-Corp-IDVV-31948
IDVV Enters LOI To Acquire Revenue Producing Company In Artificial Intelligence Sector https://www.accesswire.com/743663/IDVV-Enters-LOI-To-Acquire-Revenue-Producing-Company-In-Artificial-Intelligence-Sector
How AI Is Changing The Marketing Industry - Press Release | 03/21/2023
https://www.otcmarkets.com/stock/IDVV/news?id=394007
>>> GPT-4 has arrived. Here’s what to expect from the new AI.
The Washington Post
by Rachel Lerman
March 2023
https://www.msn.com/en-us/news/technology/gpt-4-has-arrived-here-s-what-to-expect-from-the-new-ai/ar-AA18CTF2?OCID=ansmsnnews11
OpenAI, the company behind the viral chatbot ChatGPT, released a highly anticipated new version of its artificial intelligence system Tuesday.
The firm pledges that GPT-4 will superpower its chatbot — and that it has the ability to generate answers not just from written prompts, but also from images.
Popularized by chatbots that can interact with users in a conversational tone, AI technology has taken the world by storm in the past several months. The technology can be creative and useful, but researchers also warn about the ethical implications of its capabilities — the systems have been shown to illuminate biases and dispense misinformation.
GPT-4 has arrived. It will blow ChatGPT out of the water
GPT-4 has been eagerly awaited by the AI community for years, and it could mark a turning point in how AI is used in everyday life.
So what exactly is GPT-4, and how will it be used?
What is GPT-4?
GPT-4 is the newest version of OpenAI’s large language model systems, which are trained to predict the next word in a sentence by ingesting massive amounts of text from the internet and finding patterns through trial and error.
OpenAI calls GPT-4 a “large multimodal model” because it can accept text and images and respond in text.
GPT-4 will be available in a limited format on ChatGPT Plus, a paid version of the company’s chatbot. It will also be available for businesses to incorporate into other products, after they make it off the waitlist.
Microsoft also announced on Tuesday that its Bing chatbot is already using a version of GPT-4 to power the bot.
AI can now create any image in seconds, bringing wonder and danger
What can GPT-4 do that ChatGPT can’t?
ChatGPT burst into public view in November and instantly became a sensation. The conversational chatbot can take prompts from users and generate stories, essays, computer code, a back-and-forth dialogue or nearly whatever you ask it to do. But its answers are not always correct or appropriate.
ChatGPT is built based on a large language model called GPT-3.5, an earlier version of the technology announced Tuesday.
OpenAI said that GPT-4 can place in the 90th percentile of test-takers for the Uniform Bar Exam, the certification test for lawyers. It’s also 82 percent less likely than GPT-3.5 to respond to queries for “disallowed content,” the company said, making it safer.
In a video OpenAI released with its announcement Tuesday, the company said GPT-4 can accept longer text inputs than its predecessors — taking in and generating up to 25,000 words, compared with 3,000 words for ChatGPT. It is trained to be safer and more factual, OpenAI said.
“It’s a system that can make dreams, thoughts, ideas flourish in text in front of you,” an OpenAI employee said in the company’s video announcement.
The system can also answer questions based on what an image depicts, OpenAI said. But that capability won’t immediately be publicly available.
GPT-4 is designed to be better at answering complicated questions, the company said.
What is ChatGPT, the viral social media AI?
What is OpenAI, the creator of GPT-4?
The San Francisco-based artificial intelligence lab started in 2015 as a nonprofit, trying to build “artificial general intelligence,” or AGI, which is essentially software that’s as smart as humans. It was founded with a combined $1 billion pledge from chief executive Sam Altman, Elon Musk, billionaire venture capitalist Peter Thiel and others. (Musk later parted ways with the organization.)
The company wanted to protect against a future in which big tech companies, such as Google, mastered AI technology and monopolized its benefits. The nonprofit’s goal was to build AI software transparently and make its products open-source so more people would be able to access it. Microsoft later invested in OpenAI and released a chatbot earlier this year with technology developed together.
OpenAI’s technology went viral last year even before ChatGPT when it opened its Dall-E image generator for anyone’s use.
Big Tech was moving cautiously on AI. Then came ChatGPT.
Why am I hearing so much about AI and chatbots all of a sudden?
AI technology has been in the works for decades, and you’ve been using some version of artificial technology embedded in software, search systems and smart speakers for years. You encounter AI when you unlock your phone with facial recognition, run a Google search or rely on spell-checking software.
But ChatGPT’s public debut in November stunned many people with how far the technology had advanced and the ease at which it appears to interact with users in plain-language text.
Since then, many other prominent companies have unveiled more details about their AI ambitions. Microsoft released a chatbot within search engine Bing that it developed with OpenAI. Google said it has its own bot, known as Bard. And Facebook parent Meta has been working on similar technologies.
ChatGPT’s wild success with the public has accelerated the AI arms race among tech giants, prompting pressure within the companies to move faster on the technology than they had previously planned.
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$AITX Subsidiary Robotic Assistance Devices Expands Remote Response Business
Partner Centralized Vision Actively Responding to AI-Enabled Alerts Generated by 39 RAD Security Devices
Detroit, Michigan, March 15, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the "Company") (OTCPK:AITX), a global leader in AI-driven security and productivity solutions for enterprise clients along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today announced that Centralized Vision is actively responding to security alerts autonomously initiated by 39 RAD security robots. Both companies expect this number to dramatically increase in the near future.
Centralized Vision presently has 37 trained operators on the RAD network. To date, Centralized Vision and RAD have performed several successful security interdictions, numerous system expansions, and zero contract cancellations.
"We're on a great ride with RAD," said Tom Vigilante, president, and co-founder of Centralized Vision. "Their AI-powered solutions immediately alert our team if there has been a security breach detected by the device. Our operators can immediately communicate through the RAD device, gather valuable video and other data, and make the problem go way - in an instant."
Additional RAD units and quantities are expected to be deployed and go online during the next few months. A total of 8 unique market opportunities in the near term, accounting for 60 RAD devices, all expected to be actively responded to by the team at Centralized Vision.
Vertical Market Qty RAD Device
Property Management 7 ROSAs
Homeowner Associations 1 AVA
Hospitality 5 ROSAs
Retail Automotive 1 ROSA
1 RIO
K-12 Schools 2 RIOs
Logistics 6 ROSAs (near term)
30 ROSAs (medium term)
Cannabis Industry 6 ROSAs
RAD noted that it has more than 20 additional opportunities in the sales funnel that, when closed, will end up connected to Centralized Vision for remote response.
"The consistent support, encouragement and performance that Centralized Vision has given us over the past two years has been perfect," said Steve Reinharz, CEO of AITX and RAD. "I know firsthand that our joint clients hold Centralized Vision's in the highest regard and that working together we're both stronger."
The partnership between RAD and Centralized Vision was announced in September of 2020. Centralized Vision offers real-time remote response services to protect property and assets and provide advanced access control services.
Additionally, RAD announced that approximately 60 RAD trained SOC (security operations center) operators are also actively responding to RAD autonomous alerts, including approximately 10 guarding companies that also have their own SOC.
AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide a cost savings to businesses of between 35%-80% when compared to the industry's existing and costly manned security guarding and monitoring model. RAD delivers this tremendous costs savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.
RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the "Company"). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company's future revenues, results of operations, or stock price.
About Artificial Intelligence Technology Solutions (AITX)
AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX's RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staffs and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit http://www.aitx.ai, http://www.stevereinharz.com, http://www.radsecurity.com,http://www.radgroup.ai, and http://www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.
###
Steve Reinharz
949-636-7060
@SteveReinharz
Attachment
Artificial Intelligence Technology Solutions, Inc.
$AITX News: AITX's Subsidiary Robotic Assistance Devices Announces Completion of Multiple Device Deployment at a Large Regional Hospital Group
Detroit, Michigan, March 10, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the "Company") (OTCPK:AITX), a global leader in AI-driven security and productivity solutions for enterprise clients along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today announced the successful deployment of multiple ROSA security robots. The end-user for this deployment is a large regional hospital group that is part of a health group with over 600 locations. This order was facilitated through one of the Company's largest dealers.
Eight ROSA units comprising this phase of the deployment have been configured as dual-unit ROSA-P devices in addition to one standard ROSA. ROSA-P is one of the recent additions to the ROSA lineup that uses existing light poles as its primary power source whether or not the light is centrally controlled.
The critical feature of this deployment is the inclusion of the RAD Light My Way platform. This unique patent-pending solution was the basis for the client's purchase decision. Parking lots are the third most common place for assaults, abductions, and homicides, according to recent FBI data. A survey by the International Association for Healthcare Security and Safety group found that nearly 70% of armed robberies and 56% of rape incidents of health care workers occurred in parking and adjacent areas.
"This is by far the most meaningful and personally satisfying of our hundreds of deployments," said Steve Reinharz, CEO of AITX and RAD. "While speaking with administrators at another healthcare facility years ago the idea for RAD Light My Way was born. The nursing staff at that facility expressed their unease about walking alone to and from their cars during night shifts. This deployment is evidence that the idea had merit, and can provide much needed peace of mind, while improving security for these essential workers."
Reinharz added, "I have never seen security and facility professionals this excited, and so grateful for a solution to their problems. Soon thousands of the hospital's staff will be enrolled in RAD Light My Way, making this RAD's largest deployment to date."
ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be deployed in about 15 minutes. Like other RAD solutions, it only requires power as it includes all necessary communications hardware. ROSA's AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD's software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA's dual high-resolution, full-color, always-on cameras. RAD has published three Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at car rental locations and construction sites across the country.
RAD Light My Way has been named the recipient of two Secure Campus 2022 Awards from Campus Security & Life Safety Magazine. In October 2021 RAD Light My Way along with RAD's ROSA won CBRE's 2021 Best Workplace Experience Solution Award.
AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide a cost savings to businesses of between 35%-80% when compared to the industry's existing and costly manned security guarding and monitoring model. RAD delivers this tremendous costs savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.
RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the "Company"). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company's future revenues, results of operations, or stock price.
About Artificial Intelligence Technology Solutions (AITX)
AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX's RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staffs and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit http://www.aitx.ai, http://www.stevereinharz.com, http://www.radsecurity.com,http://www.radgroup.ai, and http://www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.
###
Steve Reinharz
949-636-7060
@SteveReinharz
Attachment
Artificial Intelligence Technology Solutions, Inc.
>>> Elon Musk, who co-founded firm behind ChatGPT, warns A.I. is ‘one of the biggest risks’ to civilization
CNBC
MAR 6 2023
by Ryan Browne
https://www.cnbc.com/2023/02/15/elon-musk-co-founder-of-chatgpt-creator-openai-warns-of-ai-society-risk.html
KEY POINTS
“One of the biggest risks to the future of civilization is AI,” Elon Musk told attendees at the World Government Summit in Dubai, United Arab Emirates.
Musk is co-founder of OpenAI, the U.S. firm which developed the popular generative AI chatbot ChatGPT.
ChatGPT “has illustrated to people just how advanced AI has become,” according to Musk.
In this article
ChatGPT shows that artificial intelligence has gotten incredibly advanced — and that it is something we should all be worried about, according to tech billionaire Elon Musk.
“It’s both positive or negative and has great, great promise, great capability,” Musk said. But, he stressed that “with that comes great danger.”
The Tesla, SpaceX and Twitter boss was asked about how he sees technology developing 10 years from now.
Musk is co-founder of OpenAI, the U.S. startup that developed ChatGPT — a so-called generative AI tool which returns human-like responses to user prompts.
ChatGPT is an advanced form of AI powered by a large language model called GPT-3. It is programmed to understand human language and generate responses based on huge bodies of data.
ChatGPT “has illustrated to people just how advanced AI has become,” according to Musk. “The AI has been advanced for a while. It just didn’t have a user interface that was accessible to most people.”
Whereas cars, airplanes and medicine must abide by regulatory safety standards, AI does not yet have any rules or regulations keeping its development under control, he added.
“I think we need to regulate AI safety, frankly,” Musk said. “It is, I think, actually a bigger risk to society than cars or planes or medicine.”
Regulation “may slow down AI a little bit, but I think that that might also be a good thing,” Musk added.
The billionaire has long warned of the perils of unfettered AI development. He once said artificial intelligence is “far more dangerous” than nuclear warheads.
His words have more gravity today, as the rise of ChatGPT threatens to upend the job market with more advanced, human-like writing.
Musk left OpenAI’s board in 2018 and no longer holds a stake in the company.
“Initially it was created as an open-source nonprofit. Now it is closed-source and for profit. I don’t have an open stake in OpenAI, nor am I on the board, nor do I control it in any way.”
Part of the reason for Musk’s decision to establish OpenAI was because “Google was not paying enough attention to AI safety,” he said.
ChatGPT has led to a heated battle between Google, a titan of internet search, and Microsoft, which has invested in OpenAI and integrated its software into its Bing web browser.
Google fired back at ChatGPT with its own rival tool, called Bard. The company is playing catch-up, as investors question whether ChatGPT will pose a threat to its dominance in web search.
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>>> ChatGPT has the tech industry chasing hype, but there are risks
Yahoo Finance
by Daniel Howley
March 1, 2023
https://finance.yahoo.com/news/chatgpt-has-the-tech-industry-chasing-hype-but-there-are-risks-205447999.html
The generative A.I. boom is risky
It’s been less than a month since Microsoft (MSFT) unveiled its new ChatGPT-powered Bing search engine and Edge browser, and seemingly every tech company is now officially riding the generative A.I. hype train.
Google (GOOG, GOOGL) has its ChatGPT-style Bard in the works, Snap is adding an A.I. chatbot to its platform, and Meta (META) is creating a new generative A.I. team. Spotify (SPOT) is getting in on the action with a generative A.I.-powered DJ, and even Snapple, yes that Snapple, is rolling out a generative A.I. version of its Snapple Facts.
But the race to be a part of the generative A.I. party has its risks, including rolling out products that aren’t ready for prime time, and could leave consumers with a sour feeling about the latest tech must-have.
“Consumers might expect and anticipate that there's something dramatically new and different here,” explained Robert Seamans, associate professor of management and organizations at New York University’s Stern School of Business.
“And so you could imagine that either an underwhelming-ness effect or a fear effect leads to there being less demand than one of these companies would want for this product.”
The risk of hype is real
The biggest potential problem with companies diving headlong into the generative A.I. space is the further spread of wildly inaccurate or strange content. Take ChatGPT: it’s trained on data from the web, and while there’s plenty of accurate information online, there’s also a boatload of downright fake content.
“I think it's very possible that without the right restrictions, and guidelines, and sort of boundaries in place, these things can evolve to be probably very problematic in many concerning ways,” explained Edward McFowland III, assistant professor in the technology and operations management unit at Harvard Business School.
“What we have to make sure we're doing again, those who are building them and those who are utilizing them in their products, is try to put those guardrails up.”
We’ve already seen what happens when companies try to release chatbots before they are ready for the public. Meta’s Galactica A.I. bot, for instance, was designed to help summarize scientific papers but ended up outputting false information, and the company had to pull it back. And Microsoft famously killed its Twitter-based Tay chatbot after it quickly started posting inflammatory comments it learned by interacting with Twitter users.
The explosion in generative A.I. hype could also result in consumers pushing back on the technology if they’re exposed to negative interactions or simply underwhelmed by what they experience.
A.I. might be the latest trend, but it’s got more to offer
The kind of A.I. powering ChatGPT isn’t exactly new. You can think of it as a kind of super advanced version of the predictive text feature on your smartphone. You know, the one that constantly sends “duck” instead of, well, what you actually mean to type.
But tech stocks are down over the last 12 months thanks to a litany of macroeconomic roadblocks, including falling ad sales and declining consumer demand for hardware like PCs and smartphones. And so, to offset that, companies are diving in to book a ticket on the generative A.I. train.
“The tech sector is down, suffering, and looking for some answer,” explained Rajesh Kandaswamy, distinguished VP analyst at Gartner. “This is one more element for them to try to make money, be in the limelight, and show their innovation.”
It’s telling, Kandaswamy said, that during boom years, tech companies would focus on saying they’re more interested in developing products for the long run but now are elbowing each other out of the way to claim their stake in the generative A.I. space.
It’s not as though these companies haven’t been developing the technology behind the scenes either. Google has been developing A.I. for years, and helped create some of the key features that help "general pre-trained transforms," the GPT in ChatGPT, work.
“They stopped investing in blockchain, they stopped investing in metaverse or whatever, and everybody's seeking A.I. deals,” explained Ari Lightman, Carnegie Mellon University Heinz College professor of digital media and marketing. “AI has been around forever, all of a sudden, it's hot because of ChatGPT.”
A.I. also provides a concrete means of bringing new products to businesses and consumers, unlike more nebulous tech fads like the metaverse or one-offs like NFTs.
Nearly every piece of tech you touch today uses some form of A.I., whether that’s Google Search, your iPhone’s reminder app, or your smart TV. As companies continue to invest in the technology, whether it’s generative or another form of A.I., new use cases and improvements will emerge. As long as the hype train doesn’t jump the tracks.
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>>> 5 Major Tech Players Competing With ChatGPT Technology
Zacks
by Vasundhara Sawalka
March 2, 2023
https://finance.yahoo.com/news/5-major-tech-players-competing-140002712.html
ChatGPT has sparked an AI competition among the world’s biggest tech players, including Alphabet GOOGL, Meta Platform META, Snap SNAP, Alibaba BABA and Baidu BIDU among others. Many tech companies worldwide are adding on to the hype generated by ChatGPT, which is an artificial intelligence chatbot developed by OpenAI.
ChatGPT uses a machine learning technique called reinforcement learning from human feedback to emulate human-written conversations based on a large range of user prompts. Users can ask ChatGPT various questions, write essays, and even generate code.
The emerging technology is representative of a niche sub-sector in the AI industry known as generative AI — systems that can generate text, images or sounds in response to prompts given by users. It is driven by a large language model, which means it uses a lot of data to understand and generate conversations.
Per a Precedence Research report, the global AI market is expected to witness a compound annual growth rate (CAGR) of 38.1% to reach $1.59 trillion by 2030 — although the impact that OpenAI’s ChatGPT will have on this space is hard to predict as yet.
More than a million people engaged with ChatGPT within the first week of its launch for free public testing on Nov 30, 2022. Based on this success, OpenAI has been working on a more powerful version of the ChatGPT system called GPT-4, which is set to be released in 2023, possibly in the first quarter of the year.
Microsoft’s Strengthening Relationship With OpenAI
Since 2019, Microsoft has invested at least $3 billion in OpenAI to help the small tech firm create its ultra-powerful AI chatbot. The company announced in mid-January that as part of the third phase of its partnership with OpenAI, it will make a multiyear, $10 billion investment. The funding conditions stipulated that Microsoft would get 75% of OpenAI's income until the point at which OpenAI earns back its initial investment from ChatGPT and other businesses like the image creation tool Dall-E.
The company is hopeful that advancements in generative AI may have the potential to increase revenues for its Azure cloud computing business as OpenAI officially licensed its technologies to Microsoft in 2020. Microsoft is set to leverage ChatGPT in its search engine Bing and Office apps like Word, PowerPoint and Outlook. Recently, Microsoft announced that it is releasing a big update to Windows 11 that adds the company’s new AI-powered Bing search to the taskbar.
Chinese Tech Giants Join the AI Chatbot Frenzy
Chinese AI stocks are the latest rage in mainland markets as the global frenzy around the Microsoft-backed ChatGPT chatbot spurs speculative bets on the revolutionary computing technology.
Baidu is expected to unveil its ChatGPT rival in mid-March. This Zacks Rank #1 (Strong Buy) company is testing its chatbot called Ernie bot in English or Wenxin Yiyan in Chinese. You can see the complete list of today’s Zacks #1 Rank stocks here.
Ernie stands for Enhanced Representation through Knowledge Integration, describing it as a large language model that was introduced in 2019. Baidu plans to embed Ernie Bot into its search service first, which the company thinks will attract more users and boost market share in a profitable manner. The company intends to make the bot widely available to its intelligent driving unit and its business partners eventually. It expects more business owners and entrepreneurs to build their models and applications on Baidu’s AI Cloud.
Alibaba, the world’s leading Chinese e-commerce company, is developing a competitor to ChatGPT and stated that it has been working on generative AI since 2017. This Zacks Rank #1 company is yet to provide any specific timeline for launching its ChatGPT competitor. If Alibaba.com implements generative AI technology like ChatGPT, Alibaba.com sellers could benefit by providing personalized customer service and support to potential buyers, thus enhancing customer experience and increasing the likelihood of sales. ChatGPT-style technology could assist sellers with inventory management by providing insights into which products are popular with customers and predicting demand, which can the company optimize its inventory and reduce the risk of stockouts or overstocking.
Other Tech Giants Challenging ChatGPT
Meta Platform is releasing a new AI tool LLaMA, short for Large Language Model Meta AI, thus becoming the latest tech giant to up its AI game in the weeks since language bot ChatGPT spiked global interest in AI-powered technologies. This Zacks Rank #2 (Buy) company is starting by testing text-based AI tools on WhatsApp and Messenger — presumably ChatGPT-styled conversation bots. While these could be a fun use case for users, Meta could also eventually leverage these features by offering them to businesses in areas such as sales and customer support. Meta is also experimenting with AI-aided filters and ad formats on Instagram along with "video and multi-modal experiences."
Alphabet subsidiary Google is set to launch its answer to ChatGPT in the first half of 2023. Known as Bard AI, the chatbot has been under development for the past two years and entered the testing phase in early February. Ultimately, the company will incorporate AI technology into its Google Search tool. This Zacks Rank #3 (Hold) company is using large language models to strengthen its search engine, specifically by helping anticipate the intent of users' queries, Philipp Schindler, Google’s chief business officer, said on the company’s fourth-quarter earnings call. AI is also used to increase consumer interactions with ads.
Recently, Snap also launched a custom-trained chatbot called My AI for its paid subscribers. My AI chatbot will be pinned in the conversations tab with friends and family. The chatbot is created more like a persona, just like any other friend on Snapchat. The primary difference between ChatGPT and Snapchat’s version is that the Snapchat version is more restrictive and adheres to the company’s safety and trust guidelines. My AI is trained by Snapchat’s employees to make it follow the company guidelines. The latest feature addition of My AI is expected to boost subscriber growth and drive the top line for Snap as lack of revenue diversification is a major concern for this Zacks Rank #4 (Sell) company.
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>>> Microsoft integrates AI behind ChatGPT to more developer tools
Reuters
March 6, 2023
https://finance.yahoo.com/news/microsoft-expands-chatgpt-integration-more-140153749.html?.tsrc=fin-notif
(Reuters) -Microsoft Corp on Monday bundled the technology behind ChatGPT with its Power Platform that allows users to develop applications with little or no coding, the latest integration of artificial intelligence into its products.
Big tech companies from Alphabet Inc to Baidu Inc are speeding up the integration of generative AI - technology that has gained popularity for its ability to generate human-like text responses to queries - into their offerings.
Microsoft said a line of business-intelligence and app-development tools within Power Platform, including Power Virtual Agent and AI Builder, was updated with the new capabilities.
Power Virtual Agent, a tool for businesses to build chatbots, can now connect to internal company resources to generate summaries of weekly reports and customer queries.
Microsoft has also added generative AI capabilities to AI Builder, which lets businesses automate workflows, and launched a new version of its business management platform Dynamics 365 based on the technology.
Dynamics 365 Copilot, the latest version of Microsoft's tool that includes a number of applications for sales, customer service and marketing, integrates AI to automate certain tasks like data gathering and analysis or creating an email campaign, among other capabilities.
Microsoft also said on Monday that Chief Executive Satya Nadella would host an event on March 16 to discuss "reinventing productivity with AI."
The company so far has announced AI updates for its popular Windows operating system and search engine Bing but not yet for its Office productivity suite, which includes Word and Excel.
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VERSES Technologies (VRSSF)… An Undiscovered 100 Bagger In Waiting!
As a VERY early investor in Internet startups, this may be the biggest investing opportunity I’ve seen in 30-plus years of investing in nanocaps!
BIG MONEY with the Web 1.0 gold rush was made by investing in the picks and shovels, NOT the miners themselves.
In like manner, the same thing with Web 2.0. Just think of it, if you had only invested in the two operating systems for Web 2.0 (Google and Apple), you would’ve made a fortune on the millions of applications that now run on the smartphone.
To that end, Apple started its incredible run in 2007. Steve Jobs introduced the iPhone for public consumption and it was the beginning of a massive disruption wave, otherwise known as the aforementioned Web 2.0
With all that being said, you may also be saying in response, “nothing will ever top those gains.” Well, until now that is! Let’s dive right in.
A bear market has a way of clearing the deck of the old bull market winners. Not only that, but also setting the stage for the next big bull market winners. Out with the old and in with the new.
Web 1.0 started in the late 90’s, and lasted for roughly 15 years. Correspondingly, almost the same exact timeframe exists with Web 2.0 so far.
With this in mind, Web 3.0 is probably the BIGGEST technology wave I’ve ever seen.
Numerous experts are saying it will be 1,000 X’s larger than the current Web. In fact, it will dwarf the Internet.
Why is that one might ask? Simply this, it combines artificial intelligence with data from devices in both the digital AND physical world.
Upon further examination, instead of just 1.5B PC’s and 4.5B smartphones, it enables over 100B+ devices in the physical world (drones, robots, surveillance cameras, cars, etc…) to CREATE, TRANSMIT and RETRIEVE data.
Critically important to note here, these 100B+ devices need a standard protocol and an operating system, because they DO NOT and CANNOT use the current HTML and HTTP protocol. For example, a drone cannot talk with a surveillance camera, etc...
Enter KOSMOS, the world’s FIRST B2B Artificial Intelligence operating system with IEEE standards for language modeling and transmission.
Furthermore, KOSMOS is the ONLY PURE HORIZONTAL AI play for investors. At this point, we need to examine the Artificial Intelligence market a little closer.
The AI software market is growing 4 X’s faster than any other software market. It’s valued at $160B today and expected to grow to $1.6 TRILLION by 2030. Yes, that’s not a misprint… $1.6T!
Just to give you an idea of how big that is, the AI market size today (that just started) is already the SAME SIZE as the mobile applications market.
All the news is talking about these days are OpenAI’s ChatGPT, Google’s Bard, and AliBaba’s new AI APPLICATION as the next big thing in technology!? Enter Verses Technology!!
The Very Best Artificial Intelligence Stock Under $1
There’s a convergence of two MASSIVE technology waves happening presently, and it offers a once-in-a-lifetime wealth-changing opportunity.
Artificial Intelligence, or AI, is the FASTEST growing software market. Even though it JUST STARTED, it’s already the same size as the mobile application market.
AI is expected to grow 10 X’s to $1.6 Trillion in JUST 3 YEARS.
Not only that, Microsoft just invested $10B in the parent company of ChatGPT, the AI application that Google declared a “Code Red” for their ENTIRE online advertising business.
The other technology wave in play here is Web 3.0, when the physical world merges with the digital world.
Experts predict that Web 3.0 will be at least 1,000 X’s larger than the current Web.
Instead of just 1.5B PC’s and 4.5B smartphones generating, sharing, and retrieving digital content, it will consist of 100B+ devices like (drones, robots, surveillance cameras, street lights, cars, etc…)
Here’s the problem though; these 100B+ devices CAN NOT use the existing protocols (html and http) to start Web 3.0.
However, there IS one company that offers an artificial intelligence operating system, platform, and protocols for this “new web” or Web 3.0.
Is this years away? Unequivocally NO, it’s here right NOW!
Not only that, their first contract was $26M
In addition, their first application with this very same first reseller is expected to generate up to $1B in revenue.
Perhaps even more important, the IEEE, which sets the standards for Wifi, Ethernet, Bluetooth, etc… is in the process of making its’ protocols the standard for Web 3.0
Find out what this nanocap is, before Google and Microsoft do!
>>> ChatGPT is an artificial intelligence chatbot developed by OpenAI and launched in November 2022. It is built on top of OpenAI's GPT-3 family of large language models and has been fine-tuned (an approach to transfer learning) using both supervised and reinforcement learning techniques.
ChatGPT was launched as a prototype on November 30, 2022, and quickly garnered attention for its detailed responses and articulate answers across many domains of knowledge. Its uneven factual accuracy, however, has been identified as a significant drawback.[3] Following the release of ChatGPT, OpenAI's valuation was estimated at US$29 billion in 2023. <<<
>>> OpenAI is an American artificial intelligence (AI) research laboratory consisting of the non-profit OpenAI Incorporated (OpenAI Inc.) and its for-profit subsidiary corporation OpenAI Limited Partnership (OpenAI LP). OpenAI conducts AI research with the declared intention of promoting and developing a friendly AI. OpenAI systems run on the fifth most powerful supercomputer in the world.[5][6][7] The organization was founded in San Francisco in 2015 by Sam Altman, Reid Hoffman, Jessica Livingston, Elon Musk, Ilya Sutskever, Peter Thiel and others,[8][1][9] who collectively pledged US$1 billion. Musk resigned from the board in 2018 but remained a donor. Microsoft provided OpenAI LP with a $1 billion investment in 2019 and a second multi-year investment in January 2023, reported to be $10 billion.[10] <<<
https://en.wikipedia.org/wiki/ChatGPT
https://en.wikipedia.org/wiki/OpenAI
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>>> How hackers are using ChatGPT to create malware to target you
AI chatbot is being duplicated to create phishing scams
By Kurt Knutsson
Fox News
https://www.foxnews.com/tech/how-hackers-using-chatgpt-create-malware-target-you
The research firm Checkpoint has confirmed that ChatGPT, the new AI chatbot created by OpenAI, is running into problems yet again. This time it has to do with malware.
Cybercriminals have now figured out a way to hack into the chatbot and overwhelm it with malware commands.
How are cybercriminals hacking into ChatGPT?
The research from Checkpoint said that these cybercriminals have created their very own bots that can infiltrate OpenAI’s GPT-3 API and alter its code.
Once the code is altered, the malware bot can generate malicious content, such as text that can be used for phishing emails and malware scripts. The bots have been working via the messaging app Telegram, where they can set up a restriction-free, dark version of ChatGPT.
What does this malicious version do?
ChatGPT normally has settings that allow it to refuse to give responses to things like malicious codes or phishing emails. However, once this malware overrides ChatGPT's regular coding, hackers can then pretend to be another person or even a business and generate phishing emails.
Hackers only have to pay costs of $6 for every 100 queries, and they will then have access to all kinds of tips and examples of bad content that they can generate on ChatGPT.
How will this affect ChatGPT in the future?
It's hard to say how much this will change ChatGPT as it is still a relatively new product. This is not the first time that the chatbot has been attacked by scammers.
Thousands of people were tricked into paying for an iOS and Android app replicating ChatGPT back in January. ChatGPT is completely free to use as of now, aside from having to pay the initial ChatGPT Plus subscription fee, which costs $20 per month.
How can you protect yourself from malware?
The best way to protect yourself from any kind of malware is to have antivirus software installed on your device.
See my expert review of the best antivirus protection for your Windows, Mac, Android and iOS devices by searching "Best Antivirus" at CyberGuy.com by clicking the magnifying glass icon at the top of my website.
Have you seen any suspicious activity on ChatGPT? We want to hear from you.
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>>> How ChatGPT became the next big thing
Axios
by Erica Pandey, Dan Primack, Ina Fried
Jan 24, 2023
https://www.axios.com/2023/01/24/chatgpt-openai-iphone-boom?utm_medium=partner&utm_source=microsoft-start&utm_content=link&utm_campaign=subs-partner-msfot-businesssuite
ChatGPT has captured the public imagination in a way the tech world hasn't seen since the debut of the iPhone in 2007.
Why it matters: Most of us are only now getting a glimpse of just how smart artificial intelligence has become. It's awe-inducing — and terrifying.
When ChatGPT launched to the public, it proved to be much more advanced than even many in the tech industry had expected.
What it is: ChatGPT is a free (for now) site that lets users pose questions and give directions to a bot that can answer with conversation, term papers, sonnets, recipes — almost anything. In almost any style you specify.
The big picture: The possibilities for ChatGPT seem endless. It recently passed all three parts of the U.S. Medical Licensing Examination, although just barely, as part of a research experiment.
You can tell the chatbot you're a gluten-free lover of Italian food and it'll spit out a meal plan and grocery list for you in seconds.
Everyone seems to see an array of uses for the technology in ways that are both exciting and scary.
It might one day handle complex tasks better and more efficiently than humans have ever been able to. And it might lead us to dark places we can't even anticipate yet.
How it works: Most software is specifically coded to do certain tasks. If the programmer didn't think of it, the software doesn't do it. Generative AI programs like ChatGPT, though, can create unique content in response to user prompts.
ChatGPT, developed by a company called OpenAI, uses text as both its input and output. Other systems — including another OpenAI product, called DALL·E — can generate images from a text prompt. Google and Meta are working on similar technologies.
Anyone can use ChatGPT for free via a simple web interface, although there's talk of OpenAI planning to launch a paid version, and it has licensed many of its technologies to Microsoft to sell to businesses.
Between the lines: Researchers have been working on generative AI for a long time. In fact, OpenAI itself is already more than 7 years old.
But most of that was occurring outside of the public eye. Even some experts were taken aback by how advanced it turned out to be.
That's led some to assume OpenAI will manage to fix ChatGPT's many problems, such as the incorrect information it sometimes provides.
But that's not a sure bet. Marc Andreessen recently referred to such certainty as "hand-waving" away some very real challenges.
The bottom line: Artificial intelligence has long seemed like science fiction, or at least like something in the distant future. But ChatGPT is forcing us to confront the fact that AI may play a big role in our daily lives — and much sooner than we imagined.
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$AITX Provides Update on Robotic Assistance Devices' Sales and Dealer Channel Expansion
Detroit, Michigan, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the "Company") (OTCPK:AITX), a global leader in AI-driven security and productivity solutions for enterprise clients, today announced that its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD) has provided an update on sales activities and the continued expansion of its authorized dealer channel.
"Fiscal year 2024 begins next week and I'm enthusiastic with the depth and the caliber of what's in RAD's sales pipeline," said Steve Reinharz, CEO of AITX and RAD. "We're busy closing, producing and deploying these orders."
The Company confirmed that it expects to book over 300 units on order before the fiscal year ends February 28, 2023. RAD had an intake of 187 device orders in FY 2022 which ended February 28, 2022. "We're grinding to surpass the 300-unit mark for this fiscal year. Should we be successful in hitting it, that number will indicate a 60 percent increase over the previous fiscal year," Reinharz added.
In a press release dated February 8, 2023, GXO, the world's largest pure-play contract logistics provider, announced its expanded partnership with AITX and RAD. "GXO has ordered 4 RIOs and 1 AVA since we were given permission to name them as RAD's largest single client. That's 5 units in just 13 days!" Reinharz concluded.
"It's impressive that RAD is continuing to penetrate new vertical markets and attract new dealer representation," said Mark Folmer, RAD President. "RAD has recently secured new opportunities with one of the largest short line railroad companies and a leader in the cannabis distribution industry. The security problems that RAD solutions address are impacting just about every industry, and these industry leaders are eagerly seeking these solutions."
Additionally, three new authorized dealers have been signed since the last announcement bringing the total number of RAD dealers to 57.
Citadel Security Forces, headquartered in Houston, Texas
DK Security, located in Grand Rapids, Michigan
TNT Security Solutions, with offices in Hearne, Texas
"I am so excited to be representing RAD solutions to our clients and prospects," said Aaron Coker, President of Citadel Security Forces. "As a veteran and family man, I believe it's my responsibility to do what I can to help keep our communities safe. RAD's technology allows Citadel to be one step ahead of the bad guys."
Folmer added, "the channel and product mix that is flowing through our sales pipeline is ideal. RAD is in a very strong position to greatly expand into even more markets, solving ongoing security problems while saving clients' money."
Notably, AITX and RAD CEO Steve Reinharz has been nominated to become a member of the Security Industry Association (SIA) Board of Directors
AITX through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide a cost savings to businesses of between 35%-80% when compared to the industry's existing and costly manned security guarding and monitoring model. RAD delivers this tremendous costs savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.
RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the "Company"). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company's future revenues, results of operations, or stock price.
About Artificial Intelligence Technology Solutions (AITX)
AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX's RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staffs and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit http://www.aitx.ai, http://www.stevereinharz.com, http://www.radsecurity.com,http://www.radgroup.ai, and http://www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.
###
Steve Reinharz
949-636-7060
@SteveReinharz
>>> Evolv Technologies Holdings, Inc. (EVLV) provides artificial intelligence (AI)-based touchless security screening systems. Its products include Evolv Express, a touchless security screening system designed to detect firearms, improvised explosive devices, and tactical knives as visitors walk through at a normal pace; Evolv Insights that provides self-serve access, insights regarding visitor flow and arrival curves, location specific performance, system detection performance, and alarm statistics; and Evolv Edge to detect non-metallic explosive devices, explosive devices, firearms, and tactical knives without requiring visitors to divest or empty their pockets. The company is headquartered in Waltham, Massachusetts.
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$AITX Identifies GXO as Robotic Assistance Devices’ (RAD’s) Largest Client
Detroit, Michigan, February 8, 2022 — Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions for enterprise clients, along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), has received permission to identify its largest client, GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider.
Also announced today was a press release from GXO confirming the partnership with AITX and RAD. Read the GXO press release: https://www.globenewswire.com/news-release/2023/02/08/2603781/0/en/GXO-Expands-Partnership-with-Artifical-Intelligence-Technology-Solutions-to-Enhance-Safety-and-Security.html
“GXO’s customers depend on our technological expertise and operational excellence and having a robust security program is a key part of the solution suite we offer,” said Thomas Nelson, Senior Director of Security at GXO. “By combining our logistics expertise with RAD’s innovative robotics, we’ve deployed even more cost-effective solutions that didn’t exist just a few years ago. We look forward to continuing our partnership with RAD as we increase safety and drive efficiencies for our customers.”
GXO’s commitment to new technology gives customers the benefits of improved performance, lower costs and greater end-consumer satisfaction. The company has been using RAD technology since 2018 and is in the process of implementing a wide assortment of robotic security devices across 15 sites. GXO plans to increase this initial deployment by nearly 20% in 2023. The devices perform a variety of tasks, including video surveillance and analytics, virtual barriers and added inventory security for high-value product, and they combine robotics with advanced video surveillance and analytics, artificial intelligence and software to enhance safety and security.
“It’s a pleasure to work with GXO on successfully deploying advanced security solutions,” said Steve Reinharz CEO of AITX and RAD. “In 2022, we saw more deployments for GXO than in any other year of our partnership and we foresee many more fruitful years of working with GXO.”
By installing RAD solutions end user clients, like GXO, can deploy cost-effective security solutions that complement existing staff. RAD’s security robots are typically placed to perform repetitive, monotonous tasks, often in remote or dangerous locations. This positioning strategy immediately broadens and extends the reach of manned guarding staff, acting as a solid force-multiplier.
https://aitx.ai/aitx-identifies-gxo-as-robotic-assistance-devices-rads-largest-client/
$AITX CEO Steve Reinharz Expands Communications Reach
Detroit, Michigan, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the "Company") (OTCPK:AITX), a global leader in AI-driven security and productivity solutions for enterprise clients, today announced that the Company's CEO Steve Reinharz will conduct 2 highly visible media outreach campaigns this weekend.
On Friday February 3, 2023, Reinharz will be participating in a CEO roundtable webinar to discuss naked short selling, aka naked shorting. The webinar is being hosted by Genius Group Limited CEO Roger Hamilton.
Naked shorting is the practice of short-selling a tradable asset without first borrowing the asset from someone else or ensuring that it can be borrowed. Naked short selling is illegal under Securities and Exchange Commission rules, but that hasn't stopped the practice, which Hamilton said affects far more companies than is generally known.
"I am looking forward to this timely conversation," said Reinharz. "It has been my objective since the beginning to be as transparent a CEO and organization as possible. I'm eager to share my views with other CEOs working to protect their company's shareholder value."
The 'CEO Roundtable - Naked Shorts Playbook' can be viewed on YouTube Live at 12:30pm ET Friday February 3, 2023 at https://tinyurl.com/4nfvt4sb
Sunday February 5, 2023, Reinharz will be conducting another session of his 'Ask Me Anything' series. These hour-long live sessions, also presented on YouTube Live are designed to connect Reinharz with the growing AITX community. Questions are posed on the Company's Discord channel and via YouTube. Reinharz does not screen the questions and his responses are often insightful.
Reinharz added, "Lately I've been stepping up the communications with the AITX community and new followers. The pace and volume of activity throughout the Company drives me to connect as much as possible, and we're still accelerating the outreach. There's much more coming."
The AITX / Reinharz 'Ask Me Anything' can be viewed on YouTube Live at 12:00 ET Sunday February 5, 2023 at https://tinyurl.com/3ku9nbb5
AITX through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide a cost savings to businesses of between 35%-80% when compared to the industry's existing and costly manned security guarding and monitoring model. RAD delivers this tremendous costs savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.
RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the "Company"). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. The reference to the $25 billion (US) security and guarding services industry as presented above is of no predictive value regarding our future results of operations. No information in this publication should be interpreted as any indication whatsoever of the Company's future revenues, results of operations, or stock price.
About Artificial Intelligence Technology Solutions (AITX)
AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX's RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staffs and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit http://www.aitx.ai, http://www.stevereinharz.com, http://www.radsecurity.com, http://www.radgroup.ai, and http://www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.
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Steve Reinharz
949-636-7060
@SteveReinharz
Attachment
Artificial Intelligence Technology Solutions, Inc.
>>> U.S. and EU to launch first-of-its-kind AI agreement
Reuters
By Suzanne Smalley
Jan 2023
https://www.msn.com/en-us/money/topstories/u-s-and-eu-to-launch-first-of-its-kind-ai-agreement/ar-AA16OQrh?OCID=ansmsnnews11
WASHINGTON (Reuters) -The United States and European Union on Friday announced an agreement to speed up and enhance the use of artificial intelligence to improve agriculture, healthcare, emergency response, climate forecasting and the electric grid.
A senior U.S. administration official, discussing the initiative shortly before the official announcement, called it the first sweeping AI agreement between the United States and Europe. Previously, agreements on the issue had been limited to specific areas such as enhancing privacy, the official said.
AI modeling, which refers to machine-learning algorithms that use data to make logical decisions, could be used to improve the speed and efficiency of government operations and services.
"The magic here is in building joint models (while) leaving data where it is," the senior administration official said. "The U.S. data stays in the U.S. and European data stays there, but we can build a model that talks to the European and the U.S. data because the more data and the more diverse data, the better the model."
The initiative will give governments greater access to more detailed and data-rich AI models, leading to more efficient emergency responses and electric grid management, and other benefits, the administration official said.
Pointing to the electric grid, the official said the United States collects data on how electricity is being used, where it is generated, and how to balance the grid's load so that weather changes do not knock it offline.
Many European countries have similar data points they gather relating to their own grids, the official said. Under the new partnership all of that data would be harnessed into a common AI model that would produce better results for emergency managers, grid operators and others relying on AI to improve systems.
The partnership is currently between just the White House and the European Commission, the executive arm of the 27-member European Union. The senior administration official said other countries will be invited to join in the coming months.
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>>> 'Robot' Lawyer Will Use Artificial Intelligence to Represent Defendants in Court for First Time
People
by Maria Pasquini
January 10, 2023
https://www.yahoo.com/now/robot-lawyer-artificial-intelligence-represent-181951424.html
A new kind of lawyer is coming to court — one that's powered by artificial intelligence.
Next month, a "robot" lawyer, which tells defendants what to say via bluetooth, plans to fight two speeding tickets in court, according to USA Today. This marks the first time AI will be used in court, Joshua Browder, CEO of DoNotPay, the startup behind the project, told the outlet.
Although the company isn't making any of the details, including the identities of the defendants, public, they told USA Today that one person will argue their case in person while another will do so over Zoom.
DoNotPay bills itself as "the home of the world's first robot lawyer," and says its mission is to "level the playing field and make legal information and self-help accessible to everyone," per its website.
Browder told CBS News that the AI-creation runs on a smartphone and listens to arguments being made in court. Then, it tells the defendant how to respond through headphones.
Browder told the outlet that while most courts don't allow defendants to wear Bluetooth-enabled earpieces, he hopes that "if these cases are successful, it will encourage more courts to change their rules."
And if the AI-powered lawyer ends up losing the case, the company will cover the costs, the outlets report.
So far, the company has, among other things, used AI to help secure refunds for faulty in-flight Wifi and dispute parking tickets, per CBS News.
In fact, fighting parking tickets was how the enterprise began.
"I started the company by accident at Stanford," the CEO, who is originally from England, said in a video on DoNotPay's website. "When I moved here I was a horrible driver and began to accumulate all of these parking tickets. And I couldn't afford to pay."
"So I became a legal expert about all the reasons why people can get out of parking tickets," Browder explained. "And at the same time, I was a software engineer and I was writing the same letter over and over again for myself and my friends. It became obvious that this is something that should so easily be automated."
So far, Browder said the company has helped win over 2 million service disputes and court cases, but he doesn't expect to commercialize it just yet, according to CBS News.
"This courtroom stuff is more advocacy," the CEO told the outlet. "It's more to encourage the system to change."
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>>> Google's management has reportedly issued a 'code red' amid the rising popularity of the ChatGPT AI
Business Insider
Dec 2022
https://www.msn.com/en-us/news/technology/google-s-management-has-reportedly-issued-a-code-red-amid-the-rising-popularity-of-the-chatgpt-ai/ar-AA15xcdY?cvid=1bcae88ab0d04bcc859773087637a459
CEO of Google Sundar Pichai told some teams to switch gears and work on developing AI products, the New York Times reports.
Google issued a "code red" in response to the rise of AI bot ChatGPT, NYT reports.
CEO Sundar Pichai redirected some teams to focus on building out AI products, per the report.
The move comes as talks abound over whether ChatGPT could one day replace Google's search engine.
Sundar Pichai, the CEO of Google's parent company, Alphabet, participated in several meetings around Google's AI strategy and has directed numerous groups in the company to refocus their efforts on addressing the threat that ChatGPT poses on its search engine business, according to an internal memo and audio recording reviewed by the Times.
In particular, teams in Google's research, Trust and Safety division among other departments have been directed to switch gears to assist in the development and launch of new AI prototypes and products, the Times reported. Some employees have even been tasked to build AI products that generate art and graphics similar to OpenAI's DALL-E used by millions of people, according to the Times.
Google's move to build out its AI product portfolio comes at a moment when Google employees and experts alike debate whether ChatGPT — run by former Y Combinator president Sam Altman — has the potential to replace the search engine and in turn hurt Google's ad-revenue business model.
Sridhar Ramaswamy, who oversaw Google's ad team between 2013 and 2018, said that ChatGPT could prevent users from clicking on Google links with ads, which generated $208 billion — 81% of Alphabet's overall revenue — in 2021, Insider reported.
ChatGPT, which amassed over 1 million users five days after its public launch, can generate singular answers to queries in a conversational, human-like way by synthesizing information from millions of websites. Users have asked the chat bot to write a college essay, provide coding advice, and even serve as a therapist, Insider previously reported.
But some have been quick to notice that the bot is often riddled with errors. ChatGPT is unable to fact-check what it says and can't distinguish between a verified fact and misinformation, AI experts told Insider. It can also make up answers, a phenomenon that AI researchers call "hallucinations."
The bot is capable of generating offensive responses that are racist and sexist, Bloomberg reported.
The chat bot's high margin of error and vulnerability to toxicity are some of the reasons why Google is hesitant to release its AI chat bot LaMDA — short for Language Model for Dialogue Applications — to the public, according to the Times. A recent CNBC report said Google execs are reluctant to release it widely in its current state over concerns over "reputational risk."
Chat bots are "not something that people can use reliably on a daily basis," Zoubin Ghahramani, who leads the Google's A.I. lab Google Brain, told the Times before ChatGPT was released.
Instead, Google may focus on improving its search engine over time rather than taking it down, experts told the Times.
As Google reportedly works full steam ahead on new AI products, we might get an early look at them at Google's annual developer conference, I/O, which is expected to take place in May.
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$AITX Open House event on December 7th. There is no better way to appreciate an investment in a public company than to see it first-hand, especially in the case of a high tech company like this. However, for those who can not travel, remember that there will be an on-line presentation as as well:
For those unable to attend the event in person, it will be livestreamed at 4:30pm ET on AITX's YouTube channel http://www.youtube.com/aitxrad.
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AITX Investor Open House and RAD Technology Reveal Details Released
Event to Showcase Solutions from AITX Subsidiaries RAD, RAD-M and RAD-G
Detroit, Michigan, Nov. 21, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the Company) (OTCPK:AITX), along with its wholly owned subsidiary, Robotic Assistance Devices Inc. (RAD), today announced details regarding the Company's December 7, 2022 Investor Open House and Technology Reveal. The event will be held at the Company's manufacturing facility, the REX, located in Ferndale, Michigan.
"If you're in the security services or #Proptech industries, a follower of anything AI related, part of the AITX community, or just into cool stuff, you need to be part of this event," said Steve Reinharz, CEO of AITX and RAD. "We will be reviewing and demonstrating the latest developments from all RAD subsidiaries, and I am so excited to announce that the main event will be the introduction of RADDOG."
RADDOG(TM) is the RAD's quadruped robot dog, developed specifically for the security services, logistics, utilities, and property management industries. Much more than just another robot dog, RADDOG integrates RAD-G's RADPack plus the entire RAD ecosystem of connectivity. This innovative AI-based infrastructure enables RADDOG to communicate with, and be autonomously dispatched by other RAD devices, creating an independent stationary and mobile security and intrusion preemption footprint.
The Company confirmed that the Open House agenda will include updates on existing RAD solutions including ROSA 3.1, AVA 3.1, and RIO, plus a live demonstration of RAD's award-winning Firearm Detection AI analytic. Also planned is the introduction of ROSS (RAD Operations System Software). ROSS connects previously deployed IP-based security cameras to the RAD network of applications and AI-based analytics.
"For the first time, we will have several security industry luminaries on stage with us," said Mark Folmer, CPP, FSyI, President of RAD. "It's important that we present the state of the security industry and how RAD solutions are becoming mainstream by the distribution channel and corporate end-users."
Those interested in attending the AITX Investor Open House and Technology Reveal can register online at tinyurl.com/2xv94nbw. For those unable to attend the event in person, it will be livestreamed at 4:30pm ET on AITX's YouTube channel http://www.youtube.com/aitxrad.
AITX through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide a cost savings to businesses of between 35%-80% when compared to the industry's existing and costly manned security guarding and monitoring model. RAD delivers this tremendous costs savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.
RAD has a sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.
AITX has filed for up listing to the OTCQB. Future announcements will be made regarding the status of the OTCQB application.
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of Artificial Intelligence Technology Solutions to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, to meet business and financial goals including projections and forecasts, and other risks. No information contained in this news release should be construed as any indication whatsoever of the Company's future stock price, revenues, or results of operations. Additionally, industry data provided herein is of no predictive value regarding the future sale of the Company's products. Artificial Intelligence Technology Solutions undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in Artificial Intelligence Technology Solutions expectations.
About Artificial Intelligence Technology Solutions (AITX)
AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX's RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staffs and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit http://www.aitx.ai, http://www.stevereinharz.com, http://www.radsecurity.com,radgroup.ai, and http://www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.
###
Steve Reinharz
949-636-7060
@SteveReinharz
Attachment
Artificial Intelligence Technology Solutions, Inc.
>>> NVIDIA Corporation (NVDA) provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds. Its Compute & Networking segment provides Data Center platforms and systems for AI, HPC, and accelerated computing; Mellanox networking and interconnect solutions; automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions; cryptocurrency mining processors; Jetson for robotics and other embedded platforms; and NVIDIA AI Enterprise and other software. The company's products are used in gaming, professional visualization, datacenter, and automotive markets. NVIDIA Corporation sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, independent software vendors, Internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups, and other ecosystem participants. It has a strategic collaboration with Kroger Co. NVIDIA Corporation was incorporated in 1993 and is headquartered in Santa Clara, California.
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$AITX and RAD CEO Steve Reinharz takes a break from the busy GSX show in Atlanta to speak with Chuck Harold (Security Guy TV).
Click here:
$AITX News: AITX's Subsidiary Robotic Assistance Devices Receives Large Order from Hospital Group
August 31, 2022 (Globe Newswire)
EQNX::TICKER_START (Other OTC:AITX),(OTC US:AITX), EQNX::TICKER_END Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD) has received an order for seventeen ROSA security robots through one of the Company's largest dealers. The end-user for this security deployment is a large regional hospital group that is part of a health group with over 600 locations.
The Company expects this user will be revealed within the next few months.
Sixteen ROSA units specified for this deployment will be configured as ROSA-P devices. ROSA-P is a new member of the ROSA lineup that uses existing light poles as its primary power source whether or not the light is centrally controlled. ROSA-P receives power from the pole during night-time hours when the fixture is active. When daylight comes the unit then switches to auxiliary power via its internal battery to ensure 24/7 coverage of the secured area.
All ROSA systems will be deployed throughout the facility's largest parking lots and have been preconfigured for use with the RAD Light My Way platform.
Parking lots are the third most common place for assaults, abductions, and homicides, according to recent FBI data. A survey by the International Association for Healthcare Security and Safety group found that nearly 70% of armed robberies and 56% of rape incidents of health care workers occurred in parking and adjacent areas.
"This is the ideal deployment for ROSA-P and showcases the RAD Light My Way platform as an affordable solution providing a safe environment for our healthcare heroes," said Steve Reinharz, CEO of AITX and RAD. "RAD Light My Way was conceived when visiting another healthcare facility and speaking with the administration team. The nursing staff felt very uncomfortable walking to and from their cars alone at night."
"With the deployment of RAD Light My Way and ROSA, we intend to make an impact on the instances of assault and other dangerous crimes that often occur in unmanned parking lots," Reinharz added. "Legacy solutions like Blue Light emergency phones paved the way for parking lot safety but unfortunately don't provide the level of response time or crime deterrent that is required in this day and age. Our students, staff and employees deserve solutions that do more, the solution must be proactive not reactive. ROSA-P and RAD Light My Way are built with this goal in mind."
In an effort to further improve on its RAD Light My Way platform the Company is requesting input from students, faculty members and healthcare staff regarding their experiences with parking lot safety as well as input on how the Company can further improve comfort and security via its existing solutions. Inquiries or experiences can be directed to RADLMW@radsecurity.com
ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be deployed in about 15 minutes. Like other RAD solutions, it only requires power as it includes all necessary communications hardware. ROSA's AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD's software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA's dual high-resolution, full-color, always-on cameras. RAD has published two Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at car rental locations and construction sites across the country.
RAD Light My Way recently won two Secure Campus 2022 Awards from Campus Security & Life Safety Magazine. In October 2021 RAD Light My Way along with RAD's ROSA won CBRE's 2021 Best Workplace Experience Solution Award.
Robotic Assistance Devices (RAD) is a high-tech start-up that delivers robotics and artificial intelligence-based solutions that empower organizations to gain new insight, solve complex security challenges, and fuel new business ideas at reduced costs. RAD developed its advanced security robot technology from the ground up including circuit board design, and base code development. This allows RAD to have complete control over all design elements, performance, quality, and the user's experience of all security robots whether SCOT, ROSA, Wally, Wally HSO, AVA, ROAMEO, CASSIE, RIO, or RAD Light My Way. Read about how RAD is reinventing the security services industry by downloading the Autonomous Remote Services Industry Manifesto, and request a copy of the recently published 'Navigating the New Economy: Jobs & Automation, Challenges & Opportunities'.
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of Artificial Intelligence Technology Solutions to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, to meet business and financial goals including projections and forecasts, and other risks. No information contained in this news release should be construed as any indication whatsoever of the Company's future stock price, revenues, or results of operations. Additionally, industry data provided herein is of no predictive value regarding the future sale of the Company's products. Artificial Intelligence Technology Solutions undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in Artificial Intelligence Technology Solutions expectations.
About Artificial Intelligence Technology Solutions (AITX)
AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX's RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staffs and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit http://www.aitx.ai, http://www.stevereinharz.com, http://www.radsecurity.com and http://www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.
###
Steve Reinharz
949-636-7060
@SteveReinharz
The tools such as this one or Jasper, make our lives so much easier. For example, if you want to start a business like an agency, an e-commerce website, or any sort of online gig–just having these two can create killer content in half the time a traditional writer would do.
>>> DeepMind research predicts structure of almost every known protein
Independent
by Nina Massey
July 28, 2022
https://news.yahoo.com/deepmind-research-predicts-structure-almost-163645129.html
Artificial intelligence has mapped out the shape of virtually every protein known to science.
The breakthrough will help to tackle major global challenges such as developing malaria vaccines and fighting plastic pollution, experts say.
Proteins are the building blocks of life, and their shape is closely linked to their function.
Being able to predict a protein’s structure gives scientists a better understanding of what it does and how it works.
Our hope is that this expanded database will aid countless more scientists in their important work and open up completely new avenues of scientific discovery
The research was conducted by DeepMind and EMBL’s European Bioinformatics Institute (EMBL-EBI), which used the AlphaFold AI system to predict a protein’s 3D structure.
The AlphaFold Protein Structure Database – which is freely available to the scientific community – has been expanded from nearly one million protein structures to more than 200 million structures, covering almost every organism on Earth that has had its genome sequenced.
The expansion includes predicted shapes for the widest possible range of species, including plants, bacteria, animals, and other organisms, opening up new avenues of research across the life sciences.
Demis Hassabis, founder and CEO of DeepMind, said: “We’ve been amazed by the rate at which AlphaFold has already become an essential tool for hundreds of thousands of scientists in labs and universities across the world.
“From fighting disease to tackling plastic pollution, AlphaFold has already enabled incredible impact on some of our biggest global challenges.
“Our hope is that this expanded database will aid countless more scientists in their important work and open up completely new avenues of scientific discovery.”
In December 2020, AlphaFold was recognised as a solution to the 50-year-old grand challenge of protein structure prediction by the organisers of the Critical Assessment of protein Structure Prediction (Casp).
At the time, it demonstrated that it could accurately predict the shape of a protein, at scale and in minutes, to atomic accuracy.
The database works like an internet search for protein structures by providing instant access to predicted models.
This cuts down the time it takes for scientists to learn more about the likely shapes of the proteins they are researching, speeding up experimental work.
Earlier predictions have already helped scientists in their quest to create an effective malaria vaccine.
Scientists at the University of Oxford and the National Institute of Allergy and Infectious Diseases have been researching a protein called Pfs48/45, which is one of the most promising candidates for inclusion in a transmission-blocking malaria vaccine.
Existing technology alone did not allow them to fully understand the structure of the protein in order to see where the most effective transmission-blocking antibodies bind across its surface.
Matthew Higgins, professor of Molecular Parasitology and co-author of that study, said: “By combining AlphaFold models with our experimental information from crystallography, we could reveal the structure of Pfs48/45, understand its dynamics and show where transmission-blocking antibodies bind.
“This insight will now be used to design improved vaccines which induce the most potent transmission-blocking antibodies.”
DeepMind and EMBL-EBI said they will continue to refresh the database periodically, with the aim of improving features and functionality.
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AI art on demand, based upon verbal descriptions -
https://openai.com/blog/dall-e-now-available-in-beta/
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Evolv Technology - >>> US schools are deploying a new AI-based technology to prevent more shootings
Yahoo Finance
by Alexandra Garfinkle
June 7, 2022
https://finance.yahoo.com/news/us-schools-are-deploying-a-new-ai-based-technology-to-keep-guns-out-150448830.html
In March, a student at Oak Hill High School in West Virginia took to Instagram, threatening a school shooting, specifically calling out administrators and students. What happened next went quickly: Law enforcement deemed the threat credible, traced the IP address from which the threats were made, and the student was apprehended within hours. The timing of the threat coincidentally lined up with the school's installation of Evolv Technology’s (EVLV) Evolv Express, a sensor platform that uses AI to detect guns and other weapons.
Still, Fayette County superintendent Gary Hough and Oak Hill High principal Katie Hayes had a difficult decision to make — could they bring students back to school the next day and, if they did, what would that look like? Parents and students were frightened, but ultimately they decided to bring students back to campus the following day, a Monday.
“A real key element for us this time was having Evolv in place because parents had just been exposed to the technology shortly before,” Hough told Yahoo Finance. “We also asked for additional police presence that day and most of my staff was on-campus that morning, but it was so nice having that additional security.”
Hayes agrees.
“We did soft implementation for a week, then the grand opening the following week, and right after that, the threats came in,” she said. “The fact our police officers got to that person’s house that night was really impressive, but we also had Evolv the next day… You can’t tell parents that it’s taken care of, because they’re freaked out. But for them to know we had a system like Evolv’s there, that meant a lot to parents.”
After the May 24 shooting at Robb Elementary in Uvalde, Texas, discourse about gun violence in the U.S. has gained new momentum. Other mass shootings have also taken place in recent weeks — from Buffalo, N.Y. to Tulsa, Okla. — and though President Biden said he plans to take action, the barriers to sweeping gun reform are high. However, the problem's scope is wide, and the Centers For Disease Control and Prevention recently revealed that gun violence is the leading cause of death among young people in the U.S. Further, 34,000 students were exposed to gun violence last year. So, where does that leave a school?
Tech is certainly a place where schools have the opportunity to double down. For its part, Evolv's systems are set up to monitor entrances without stopping the flow of people into and out of a space, the company's CEO, Peter George, told Yahoo Finance. When a weapon is detected, the teachers or school police officers who are operating the system are notified, and then the student can be apprehended.
“The only prevailing technology today is a metal detector,” he said. “So you have to take out your metal — your iPhone, your keys — to prove you don’t have a weapon. Now, most people don’t carry weapons, but we have to treat everyone like they do."
Some experts believe that there's a danger of putting too much emphasis on technological responses and caution against creating "security theater," according to National School Safety and Security Services President Kenneth Trump.
"There's a role for security hardware and technology, but any type of technology is only as good as the weakest human link behind it," he told Yahoo Finance.
"These issues are more complex than what they look like, and there's no quick fix," he added. "We need to invest more time in people, custodians, administrators, everyone who plays a role in school security."
That said, Evolv's tech may have already helped prevent an incident in another school. In May, at Phillip O. Berry Academy of Technology in Charlotte, N.C., Evolv's systems prevented a student from bringing a loaded weapon into the school.
Previously, Oak Hill and other Fayette County schools had metal detectors, which both Hayes and Hough say prevented students from getting to class on time. About 1,100 students are enrolled at Oak Hill High, which is the largest school in the district. The school — which has a staff of 100, including about 64 teachers — has a predominantly white student population that's socioeconomically diverse, Hayes said.
“We’re a mixed bag,” she said. “We have very wealthy students, we have students who live in poverty. We also have a huge foster student population. So, we’re truly diverse in socioeconomic status.”
The pandemic has kept kids out of classrooms for years, so it's never been more important for students to get to class before the bell, said Hayes.
“Think about our system as an open platform,” said George. “There’s a sensor platform you walk through, but there’s no roof on it. You can get close to 4,000 people an hour through this thing when you walk through. In fact, when most people walk through, they don’t know they’re getting screened at all.”
Fayette County is the first-ever recipient of GiveEvolv, a program geared towards donating and installing the company's screening systems to public schools across the U.S.
Walking right through
Evolv's systems are AI-based and, unlike traditional metal detectors, can identify dangerous objects as groups of people are walking through. Evolv's systems are used not only in schools, but in hospitals, schools, stadiums, houses of worship, and theme parks. The company's customers include Six Flags, L.L. Bean, and Lincoln Center for the Performing Arts.
“You can walk through without breaking stride into a venue,” said George. “It’s completely game-changing and a completely different experience than anyone has ever been able to create before. So, how we do it is that there’s a sensor platform you walk through. We create magnetic field around the platform, and we’ve written the signatures for all the weapons out there, every gun that exists, including large tactical knives and bombs. So as you’re walking through, the platform knows what to look for and goes off.”
In 2021, Evolv went public in a $1.7 billion SPAC deal, and the company's investors have included Microsoft (MSFT) co-founder Bill Gates, Lux Capital, and General Catalyst. The company's stock is down more than 60% over the last 12 months, but had a strong showing in Q1 2022, as Evolv Express subscriptions increased 227% year-over-year. Ultimately, Evolv's betting long-term that security tech everywhere needs an upgrade.
"We’ve completely flipped the model, and use technology to identify a threat amongst your personal belongings," said George. "Your security posture goes up, and it’s way better security.”
For Oak Hill High and Fayette County, that added security has made a difference, they say.
"When you sit back, and an incident occurs, you’re so thankful that you have this technology in place,” said Hough.
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>>> Evolv Technologies Holdings, Inc. (EVLV) provides artificial intelligence (AI)-based touchless security screening systems. Its products include Evolv Express, a touchless security screening system designed to detect firearms, improvised explosive devices, and tactical knives as visitors walk through at a normal pace; Evolv Insights that provides self-serve access, insights regarding visitor flow and arrival curves, location specific performance, system detection performance, and alarm statistics; and Evolv Edge to detect non-metallic explosive devices, explosive devices, firearms, and tactical knives without requiring visitors to divest or empty their pockets. The company is headquartered in Waltham, Massachusetts.
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$AITX CEO Steve Reinharz Publishes Article Making the Case for Automation over Interest Rate Hikes
June 7, 2022 (Globe Newswire)
EQNX::TICKER_START (Other OTC:AITX),(OTC US:AITX), EQNX::TICKER_END 'We Need Robots, Not Rate Hikes!' Now Online
Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its CEO, Steve Reinharz has published an online article that discusses the need for automation and robotics as an alternative to the increases in interest rates by the Federal Reserve.
"We Need Robots, Not Rate Hikes!" is online now. The article reviews the negative impact that the majority of the Fed's rate hikes have had on economic conditions, primarily employment numbers over the past 60 years. Reinharz argues the position that economic and employment conditions in mid-2022 are far different than in previous decades, and the economy needs kick-start from innovative and forward-leaning tactics like widely deploying robots and other AI-fueled automation.
"Rather than force businesses to lay off workers by reducing demand for their products and services through rate hikes, let's use technology to fill open jobs, increase supply, reduce operating costs, and keep prices in check," said Steve Reinharz, CEO of AITX and author of the article. "Suppose we could increase productivity and the availability of goods and services rather than reduce the demand for them. Wouldn't that be a preferable way to rebalance the labor market and ultimately combat inflation?"
The article is online at https://tinyurl.com/5ccdajuy
AITX has filed for uplisting to the OTCQB. Future announcements will be made regarding the status of the OTCQB application.
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of Artificial Intelligence Technology Solutions to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, to meet business and financial goals including projections and forecasts, and other risks. Artificial Intelligence Technology Solutions undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in Artificial Intelligence Technology Solutions expectations.
About Artificial Intelligence Technology Solutions (AITX)
AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX's RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staffs and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit http://www.aitx.ai, stevereinharz.com, http://www.radsecurity.com and http://www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.
###
Steve Reinharz
949-636-7060
@SteveReinharz
Attachment
-- Artificial Intelligence Technology Solutions, Inc.
$AITX CEO Steve Reinharz Releases Latest Publication on the New Economy, Jobs, and Automation
May 19, 2022 (Globe Newswire)
EQNX::TICKER_START (Other OTC:AITX),(OTC US:AITX), EQNX::TICKER_END 'Navigating the New Economy: Jobs & Automation, Challenges & Opportunities' Available for Download Now
Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its CEO, Steve Reinharz has published a new composition that examines how businesses must adapt in the new post-COVID, great resignation economy.
"Navigating the New Economy: Jobs & Automation, Challenges & Opportunities" is available download, free of charge from several of the Company's websites. The book reviews the anguish felt by businesses of all sizes because of recent fluctuations in the labor market and introduces several innovative solutions utilizing AI-fueled automation.
"As someone growing a tech company that provides solutions, I've experienced the misery that just about every business is experiencing today," said Steve Reinharz, CEO of AITX and author of the book. "Staffing, training, and maintaining a solid workforce has become so costly and resource-draining that it's essential for companies to seek automation in some form to keep things moving forward. I wrote this piece in an effort to share what's working for us, and help other business leaders gain insight into what a RAD future can look like."
The e-book is available for download at https://tinyurl.com/uczv5sdj
"For those following AITX, and those interested in keeping up with the rapidly changing and challenging times, this piece may help equip you to make a few cost-effective, immediate ROI-returning decisions," Reinharz concluded.
AITX intends to file for listing on the OTCQB within 10 days of filing its YE2022 10-K which is expected in May.
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of Artificial Intelligence Technology Solutions to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, to meet business and financial goals including projections and forecasts, and other risks. Artificial Intelligence Technology Solutions undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in Artificial Intelligence Technology Solutions expectations.
About Artificial Intelligence Technology Solutions (AITX)
AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX's RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staffs and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, stevereinharz.com, www.radsecurity.com and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.
###
Steve Reinharz
949-636-7060
@SteveReinharz
Geotab telematics - >>> Generac (GNRC) Launches EV Charging Solution for Utilities
Zacks Equity Research
May 16, 2022
https://finance.yahoo.com/news/generac-gnrc-launches-ev-charging-155903142.html
Generac Power Systems’ GNRC subsidiary, Generac Grid, rolled out electric-vehicle charging solutions for utilities and EV owners.
The company’s EV charging solutions, including Geotab telematics, are now accessible worldwide.
The utility-focused product is powered by Geotab telematics technologies to empower EV owners of most makes and models to take control of their car charging. It also provides utilities with vital monitoring data supplied directly from a Geotab GO device that is installed in the vehicle's onboard diagnostic port.
Through its telematics solutions, Geotab provides secure and reliable data acquired from electric vehicles. According to Generac Grid Services, EVs are a critical distributed energy resource to shift load to capture low-carbon, clean energy and manage peak demand, which will play a key factor in decarbonizing the transportation sector.
Generac Grid Services is using its comprehensive utility program design experience (including Geotab telematics offerings) to deliver a variety of solutions to the utilities to aid them at every stage of their EV strategy rollouts, like monitoring to behavioral response, smart charging, and advanced vehicle-to-home and vehicle-to-grid solutions.
The charging data can be used by monitoring programs to help with grid planning and rate design. In contrast, behavioral programs can use charging data insights combined with strategic consumer messaging and incentives to impact long-term charging habits.
Further, EV drivers can avail financial incentives by enrolling in various utility schemes that leverage data streaming from the Geotab GO gadget. Data from Geotab GO can provide information regarding rate structures, utility system planning, regulatory requirements, and the verification of participation in smart-charging programs and events added Generac.
Generac Grid Services maintains agreements with EV charging station manufacturers to offer new smart charging options in addition to supplying vehicle-side data through Geotab telematics systems.
For example, Generac Grid Services ensures that the signal is received by Concerto (Generac's real-time energy-balancing platform) by sending a signal directly to EV chargers instructing them to start or stop charging, and it also works with charger manufacturers. By combining both solution types, Generac supplies programming that supports major charging station providers and more than 220 EV models from all class sizes (including light to heavy-duty electric cars).
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>>> Automation will erase 'knowledge jobs' before most blue collar jobs: Future Today Institute CEO
Yahoo Finance
by Ihsaan Fanusie
March 22, 2022
https://finance.yahoo.com/news/knowledge-jobs-most-likely-to-be-reduced-by-automation-future-today-institute-ceo-142916249.html
Contrary to popular belief, high-skill professions may be more susceptible to replacement by artificial intelligence, according to Future Today Institute CEO Amy Webb.
“We did a short study trying to assess which jobs were most at risk, but also which ones stand to gain,” Webb told Yahoo Finance Live. “I really think that the business community has gotten this wrong over the past 10 years or so. You know, it's not the blue collar jobs that are going to go away first. It's not truckers, it's not plumbers, and that's because there's too much variability.”
Plumbing is one of the types of jobs least likely to be replaced in any significant way by automation in the near future, Webb said.
“We've got too many different types of toilets,” she explained. “So there's no finely tuned, finely articulated robot that's going to work on its own yet. It's the knowledge jobs that are going to find that they are either obviated or reduced to some capacity.”
Some of the occupations which AI is projected to have the largest impact include office workers, paralegals, customer support, software developers, advertising, and even journalism.
You can rest assured that this story was written by a real person, and not advanced artificial intelligence, but forecasters generally expect to see significantly greater AI contribution within journalism within the next decade. AI is primarily used to cut down on variable costs and help with information gathering, especially at large news organizations, according to The Knight Foundation, a journalism and arts non-profit.
Other roles which require high levels of education and training, such as lawyers and other legal professionals, could also be exposed to automation as computer learning becomes more advanced.
“That actually has profound implications on law firms, professional services agencies, and a lot of consulting groups, which are built using a more pyramid model,” Webb said. “We automate some of our research now, and we use AI to do some of it. So again, I think that if you can re-perceive [automation], that's going to help you get a better understanding of what's happening and help you make bigger bets, better bets on the future.”
Automation won’t necessarily displace workers, even as it eliminates jobs, the Future Today Institute’s 2022 Emerging Tech report on AI noted. Certain processes may be automated to free employees up to work on other, human-oriented tasks and save time.
“RPA can automate certain tasks and processes within offices and allow employees to spend time on higher-value work,” the report found. “It’s the most commonly deployed AI technique among enterprise companies.”
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$XALL: Xalles Establishes Its First Artificial Intelligence Business Relationship
Xalles Plans to Implement AI Tools to Optimize the Fintech Ecosystem
WASHINGTON, DC, Feb. 22, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Xalles Holdings Inc. (OTC: XALL), a fintech holding company providing innovative technology and financial services solutions, today announces that Xalles Technology it has executed a marketing agreement with Salesmaster ai to refer clients to implement an innovative suite of sales and marketing artificial intelligence services.
Xalles Technology Inc., a wholly owned subsidiary of Xalles Holdings Inc., and Salesmaster ai, a Florida-based artificial intelligence company, will work together to implement sales and marketing AI solutions for Xalles clients and prospects, within the financial services industry and within other vertical markets. The existing solutions available include using AI in real-time for digital advertising without the use of cookies or data retention, lead generation and more through an AI-driven 'Infrastructure as a Solution'.
“The Xalles management team believes that artificial intelligence is the next major long-term trend in system solutions that will support improving a wide variety of processes,” stated Thomas Nash, Chairman and CEO of Xalles Holdings Inc. He continued, “We think our AI philosophy and goals are well aligned with Salesmaster ai and we plan to work together to support their existing solutions and develop new AI tools.”
“Salesmaster ai is pleased to be partnered with Xalles and utilize their network to reach more growth-oriented clients,” commented Arturo Del Rio Jr., CEO of Salesmaster ai. He added, “Our AI-based platform has generated terrific returns and cost savings to clients, fueling their ambition for growth.”
About Xalles Holdings Inc.
Xalles Holdings Inc. is a holding company that focuses on the acquisition, alignment, and growth of disruptive fintech companies. The company actively seeks targets in which it can acquire and accelerate market expansion, targeting companies with solid management teams and business models, large total attainable markets (TAM), and lucrative exit opportunities. The company places emphasis on leveraging blockchain technologies to provide industry-leading financial solutions, which, over time, will allow for the capture of recurring revenue streams. For more information, visit our website at http://www.xalles.com.
About Salesmaster ai
Salesmaster ai is a 100% remote, global company, all connected through modern technology, our human-powered, AI-driven 'Infrastructure as a Solution' helps committed partners make the impact they've always envisioned. The growth process is simplified and optimized through the power of our AI-driven infrastructure and all-in-one platform. Salesmaster ai will help you to thrive. Our suite of AI Growth Tools will make that a reality by systematizing the entire, end-to-end sales and marketing process. For more information, visit our website at http://www.salesmaster.ai
Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov and in OTC Markets at www.otcmarkets.com.
Investor Relations Contacts:
info@xalles.com
202.595.1299 Office
>>> Best AI ETFs for Q1 2022
ROBO, ROBT, and KOMP are the best AI ETFs for Q1 2022
Investopedia
By NATHAN REIFF
December 21, 2021
https://www.investopedia.com/investing/top-etfs-capitalizing-artificial-intelligence/?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral
Artificial intelligence (AI) exchange-traded funds (ETFs) seek to provide exposure to a fast-growing segment of the technology industry. AI aims to simulate human intelligence, leveraging powerful algorithms to make machines think and act like human beings. Though the automation of repetitive tasks and substitution of human labor by machines is nothing new, AI is accelerating this trend, resulting in giant leaps in productivity.
For investors who are optimistic about AI’s growth potential but unsure about which companies will perform best, an AI ETF is an option. AI ETFs hold a basket of stocks in companies that are engaged in some aspect of AI, enabling investors to share in the growth of AI companies’ profits without the challenge of trying to separate the winners from the losers.
KEY TAKEAWAYS
The artificial intelligence (AI) sector, as represented by the technology sector, outperformed the broader market over the past year.
The AI exchange-traded funds (ETFs) with the best one-year trailing total returns are ROBO, ROBT, and KOMP.
The top holdings of these ETFs are iRhythm Technologies Inc., Ambarella Inc., and Bruker Corp., respectively.
A special note: Some ETFs that use AI as a tool for picking stocks are also sometimes referred to as AI ETFs. But this story focuses on ETFs targeting companies that use AI for other industries, such as robotics, automation, healthcare, and automobiles.
There are six distinct AI ETFs that trade in the United States, excluding inverse and leveraged funds as well as those with less than $50 million in assets under management (AUM). The AI sector does not have its own benchmark, but its performance is best reflected in the index for the technology sector: the S&P 500 Information Technology sector index.
The information technology (IT) index has outperformed the broader market with a total return of 38.8% over the past 12 months, above the S&P 500’s total return of 28.9%, as of Dec. 9, 2021.1 The best-performing AI ETF, based on performance over the past year, is the ROBO Global Robotics and Automation Index ETF (ROBO).
We examine the three best AI ETFs below. All data in the lists below is as of Dec. 9, 2021.2
ROBO Global Robotics & Automation Index ETF (ROBO)
Performance Over One-Year: 19.4%
Expense Ratio: 0.95%
Annual Dividend Yield: 0.17%
Three-Month Average Daily Volume: 89,414
Assets Under Management: $2.0 billion
Inception Date: Oct. 22, 2013
Issuer: Exchange Traded Concepts
ROBO seeks to track the ROBO Global Robotics & Automation Index, which gauges the performance of companies engaged in robotics, automation, and AI.3 The ETF provides exposure to companies developing intelligent systems technology capable of sensing, processing, and acting, as well as to companies that apply that technology.4
The ETF follows a blended strategy of investing in a mix of value and growth stocks. It is diversified across a range of market capitalizations and developed markets.
The fund's top three holdings are iRhythm Technologies Inc. (IRTC), a digital healthcare company; Azenta Inc. (AZTA), a provider of automation, vacuum, and instrumentation equipment; and Teradyne Inc. (TER), an automatic test equipment designer and manufacturer.5
First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT)
Performance Over One-Year: 14.8%
Expense Ratio: 0.65%
Annual Dividend Yield: 0.15%
Three-Month Average Daily Volume: 20,446
Assets Under Management: $294.6 million
Inception Date: Feb. 21, 2018
Issuer: First Trust
ROBT tracks the Nasdaq CTA Artificial Intelligence and Robotics Index, an index composed of companies engaged in the AI and robotics segments of the technology, industrial and other economic sectors. Companies must be classified as AI or robotics engagers, enablers, or enhancers by the Consumer Technology Association to be included, and must meet market capitalization, free float, and trading volume minimums.
The fund’s portfolio is broadly diversified geographically, with U.S. stocks accounting for the largest portion at just under 50%. Japan has the next largest portion of invested assets, followed by the United Kingdom, France, and several other countries.6
The top holdings of ROBT include Ambarella Inc. (AMBA), a fabless semiconductor design company; PKSHA Technology Inc. (3993:TKS), a Japan-based algorithmic license business; and Ciena Corp. (CIEN), a telecommunications networking equipment and software services supplier.7
SPDR S&P Kensho New Economies Composite ETF (KOMP)
Performance Over One-Year: 14.0%
Expense Ratio: 0.20%
Annual Dividend Yield: 1.03%
Three-Month Average Daily Volume: 115,588
Assets Under Management: $2.1 billion
Inception Date: Oct. 22, 2018
Issuer: State Street
KOMP is a multi-cap, blended fund tracking the S&P Kensho New Economies Composite Index. The index is composed of companies that leverage advancements in exponential processing power, AI, robotics, and automation.
The fund holds stocks domiciled in both developed and emerging markets. Semiconductor, application software, and aerospace and defense stocks make up the three largest portions of the portfolio.8
The top holdings of KOMP include Bruker Corp. (BRKR), a maker of scientific instruments for molecular and materials research; Teledyne Technologies Inc. (TDY), a maker of aerospace and defense electronics, digital imaging, and related solutions; and Avis Budget Group Inc. (CAR), a parent company of rental car businesses.9
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>>> 2 Unstoppable Artificial-Intelligence Stocks to Buy for the New Year
Motley Fool
By Jamie Louko
Dec 1, 2021
https://www.fool.com/investing/2021/12/01/2-unstoppable-ai-stocks-to-buy-for-the-new-year/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
KEY POINTS
AI is trendy and many businesses claim to use it, but these two companies have it at their core.
Upstart is using artificial intelligence to reimagine credit.
UiPath aims to bring it into every business.
AI is integral to these two companies, and they are performing well because of it.
Many companies use the term "artificial intelligence" (AI) to generate hype, but few of them successfully integrate AI to grow their business. AI will soon be everywhere, and companies that heavily rely on it today could prosper for the next decade.
Both Upstart Holdings ( UPST 2.39% ) and UiPath ( PATH 1.87% ) have used AI to drive their businesses. With their huge success so far and their massive market opportunities, buying these two AI powerhouses before the new year could be a smart move.
1. Upstart: Redefining credit
Upstart is using artificial intelligence to redefine how banks determine creditworthiness for loans. Instead of relying mainly on Fair Isaac's ( FICO 1.54% ) FICO score, Upstart provides banks with a score that relies on thousands of data points to evaluate potential loan customers. It has 31 banks giving out loans based on the company's determinations, and that count has nearly tripled over the course of this year.
Besides its banking customer count, nearly every financial metric Upstart reports is growing by triple-digit percentages. Third-quarter revenue increased 250% from the year-ago quarter to $228 million; transaction volume topped $3.1 billion, growing 244% year over year, and net income jumped 200% to $29 million.
The company has kept default rates at less than 0.5% of its volume, and it can automatically approve 67% of loan applications, showing how accurate its AI is becoming.
Because it recently launched an auto loan business, Upstart Auto, its AI performance might temporarily look weaker in the coming quarters as it learns the auto loan industry and obtains more data.
The stock price is down 46% from its recent highs, despite the company showing tremendous success, so buying now could be an appealing buying opportunity. And Upstart is forecasting another exemplary fourth quarter, with guidance for revenue of $260 million, which would be 14% growth sequentially and 225% year over year.
Clearly, the company expects amazing growth that could continue in the coming quarters, and with the addition of auto loans, Upstart is looking at an addressable market surpassing $4.5 trillion.
Upstart is still very young, and if it can continue gaining customers, amassing data, and refining its AI model, it could continue growing in 2022 and beyond.
2. UiPath: Taking AI mainstream
UiPath wants to fully automate businesses with its robotic process automation (RPA), which can be used for tasks ranging from simple compliance or validation to complex application building, where it works independently. These bots are saving businesses millions of hours, and UiPath has attracted NASA and Alphabet among its customers.
The company is the market leader in the RPA space, according to Gartner, and its financials reflect that. In the quarter that ended July 31, revenue grew 40% to $196 million and annual recurring revenue was up 60% to $727 million. Losses were nearly $100 million, but this is because the company is ramping up to capitalize on what it sees as a $30 billion opportunity by 2024.
This means the company has realized less than 3% of its total opportunity. As the market leader, it wants to spend now to develop new products and obtain new customers to take advantage of the growth of its industry. UiPath doubled spending on research and development in its latest quarter compared to a year ago, aiming to remain the leader in its field and capitalize on it over the next five years.
Being a high-growth company is not without risk. It has $1.8 billion in cash to subsidize its losses, but if UiPath falters on its growth strategy and cannot generate profits or positive free cash flow in the next few years, it could sink.
And it has a strong rival in Automation Anywhere, its closest competitor, which plans to go public within the next year. It could use cash from its initial public offering to buy its way into the lead in this market.
So UiPath is spending today to obtain customers and deepen its relationships with them, using its leadership edge to capitalize on its rapidly expanding market.
With so much growth in just three years, waiting to invest in UiPath could be costly, which is why now is a good time to buy the stock.
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>>> UiPath Inc. (PATH) provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, and Japan. It develops UiPath Studio, a platform designed for RPA developers looking to build complex process automations with built-in governance capabilities, such as robust debugging tools, application programming interface automation, wizards to automate desktop or web applications, leverage custom code, and to integrate machine learning models into production workflows. The company also offers UiPath Robots, which emulates human behavior to execute the processes built in UiPath Studio; and UiPath Orchestrator that tracks and logs robot activity, along with what people do in tandem to maintain strict compliance and governance through dashboards and visualization tools. In addition, it provides maintenance and support for its software, as well as professional services, such as training and implementation services to facilitate the adoption of its platform. UiPath Inc. was founded in 2005 and is headquartered in New York, New York.
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>>> Stem, Inc. (STEM) provides artificial intelligence (AI)-driven clean energy storage services. It delivers and operates smart battery storage solutions that maximize renewable energy generation and help build a resilient grid. The company's Athena, a AI-powered analytics platform software that uses artificial intelligence and machine learning to automatically switch between battery power, onsite generation, and grid power. Athena stabilizes the grid, reduces carbon emissions, and solves renewable intermittency across the network of distributed energy storage systems. The company serves customers, including Fortune 500 corporate energy users, project developers and installers, and utilities and independent power producers. Stem, Inc. was founded in 2009 and is headquartered in San Francisco, California.
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>>> 3 Artificial Intelligence Stocks Leading the New Wave
TipRanks
December 6, 2021
https://finance.yahoo.com/news/3-artificial-intelligence-stocks-leading-102641095.html
The savvy investor keeps their eyes forward, toward the horizon. Right now, the sea of tech is the one to watch, and the ships coming into view are flying AI’s flag. This is not a new development, it’s been on course for several years – but as an investment sector, it’s heating up. AI is the tech that will power our digital systems for years to come, everything from our smartphones to our cars to Elon Musk’s Mars rockets.
AI isn’t just one technology, rather, it’s a range of techs – and approaches to tech – including the data collection and analysis that feeds machine learning. Long term, the goal is to create software that can analyze systems and mimic human intuition; shorter term, AI should be able to analyze its environment – digital or physical – and decide how to react.
That’s not to say that machines will become us, but they will become more capable of working with us, instead of just for us. And when that happens, who can say what doors will open? In the meantime, the savvy investors can clock opportunities opening up in the space. And we can use the TipRanks data platform to pick out three AI stocks that certain Street analysts believe are poised for gains as the tech comes of age.
UiPath (PATH)
Let’s start off with UiPath, an AI company specializing in robotic process automation, or RPA. This is a clever hill in the larger AI field, using machine learning and AI to create bots – the automated software units that can handle the ordinary, boring, and repetitive tasks of the digital world. Or, as the company puts it, they’re robots so that people don’t have to be robots.
UiPath’s software robots offer customers a wide range of advantages, from accuracy to cost savings, to regulatory compliance to happier customers – and happier personnel, with improved productivity. While bots get a lot of negative press, especially for their abusive use in social media, when used constructively, they fill an important role.
The company has been in operation since 2005, but went public earlier this year, riding the tide of rising stock prices when it held its IPO. The stock opened on the NYSE on April 21, in an upsized IPO. The company put 13 million shares up, and existing shareholders sold another 14.474 million shares. The initial price was set at $56, above the $43 to $50 range expected. UiPath realized $728 million of the total $1.34 billion raised; the company did not profit from the sale by existing stockholders. Since the event, PATH shares have slipped 36%. Even so, the company has a market cap above $22.76 billion.
UiPath will report its third quarterly results as a public entity on December 8, but we can check back to the last quarter, the company’s fiscal 2Q22 report from September 7, to get an idea of where it stands. The company reported total revenue of $195.5 million, up 4.8% sequentially and 40% yoy. Annual recurring revenue, a measure of forward business potential, rose to $726.5 million, a gain of 60%, and the company finished its fiscal Q2 with $1.9 billion in liquid assets.
This company’s strong product and clear revenue potential attracted the attention of Credit Suisse analyst Phil Winslow, who wrote, “We believe that UiPath’s differentiated, end-to-end hyperautomation platform that can scale from individual workers to company-wide initiatives will enable the company to continue driving strong new customer acquisition, robust customer expansion, and attractive unit economics longer than Wall Street appreciates.”
Winslow, a 5-star analyst, gave the stock an Outperform (Buy) rating, and a $75 price target suggesting a one-year upside of 69%. (To watch Winslow’s track record, click here.)
With UiPath, we move to a stock with a Buy rating from the analysts. The 16 most recent reviews include 7 Buys, 8 Holds, and 1 Sell, for a Moderate Buy overall consensus. The average price target is $70.43, indicating a potential for 59% growth from the share price of $44.32. (See UiPath’s stock analysis at TipRanks.)
Stem, Inc. (STEM)
Next up, we have Stem, a company that uses AI tech to drive clean energy monitoring and storage systems. In short, this company has put together an integrated system – software to solve problems inherent in energy storage batteries and to maximize renewable energy generation for a cleaner, more resilient energy grid. This is the dream of Green Energy boosters, and Stem’s AI is the heart of its system.
AI allows the company’s Athena software platform to enable utility bill savings of 10% to 30% for Stem’s customers. The system is capable of machine learning, and can learn when and how to switch from grid power to onsite generation to battery power for maximum efficiency, energy savings, and cost savings.
Stem, Inc. is a pure-play smart energy storage company, and it’s the first of its kind to go public. The company entered the public markets through a SPAC transaction back in April of this year; the combination, with Star Peak Energy Transition Corporation, was approved on April 27 and the STEM ticker debuted on April 29. Star Peak brought $383 million in cash to the combo, as well as $225 million PIPE funding, for $608 million in new capital for Stem. The company has a current market cap of $2.57 billion, after the stock as slid 34% since the SPAC completion.
Even though the stock has slid, Stem’s business is thriving. Revenue in 3Q21 reached $39.8 million, up a whopping (no other way to put it) 334% from the same quarter last year. The company’s net income turned positive in Q3, going from a net loss of 47 cents per share one year ago to a net gain of 85 cents per share. In total dollars, it was a shift from an $18.8 million net loss in 3Q20 to a $115.6 million net profit in 3Q21.
Covering STEM for Wolfe Research, Steve Fleishman says, “Stem’s Athena software has long been the cornerstone of the company and makes an 80%+ margin on revenues under 10- to- 20-year contracts. We also like that the company is hardware/battery agnostic. Both have helped drive a solid margin profile today, one that we see getting better. Stem also stands to benefit from the scarcity value of being one of two pure-play battery cos.”
Fleishman is bullish, and gives the shares an Outperform (Buy) rating. His $35 price target implies an upside of 97% by the end of next year. (To watch Fleishman’s track record, click here.)
While there are only 2 reviews on record for this stock, both agree – it’s a Buy proposition. The average price target is $40.50, and the current share price is $17.77, for a 127% one-year upside potential. (See Stem’s stock analysis at TipRanks.)
C3ai (AI)
Lastly, we come to C3ai, a company in the enterprise AI sector. C3ai offers customers AI software designed to improve the efficiency and user experience of enterprise-scaled applications. The systems allow customers to streamline their app development and customize their end-use apps, and it has applications in fraud detection, supply chain optimization, customer engagement, and other critical processes.
This company is also relatively new to the public markets, having entered the stock exchange through an IPO last December. In the initial offering, 15.5 million shares of AI were put on the market and the company raised $651 million in gross capital. However, the stock has had a hard time since its debut and year-to-date is down by a huge 78% due to a variety of reasons.
For starters, the pandemic put a damper on business early in the year – but that was followed by some idiosyncratic issues. C3ai is currently transitioning to a new CFO, a major shift at the top that is happening along with a reorganization of the sales team. And those two points can be more readily understood by a look at the company’s ‘remaining performance obligation,’ or RPO, the contractually obligated business that has not yet been delivered or paid for – and so is not on the books as revenue. It increased in the most recent quarter (the company’s fiscal 2Q22, reported this past December 1) by an impressive 74% year-over-year.
However – the bulk of that RPO comes from one customer, C3ai’s largest customer, the Baker Hughes Company. C3ai and BKR extended their contract from 5 years to 6, and increased the dollar value by an order of magnitude, from $45 million to $495 million. This dominated the RPO figure, and clouded the fact that C3ai’s remaining RPO – its future revenue stream – declined by 16% yoy. This puts the company in an uncomfortable dependence on one customer.
That’s the negative. On the positive side, revenues for now are solid, up 41% yoy to $58.26 million. Subscription revenue, which makes up the lion’s share of the total, gained 32% yoy to reach $47.4 million. This was better than the expected revenue results of $57 million, and a needed shot in the arm, considering the GAAP EPS loss widened yoy from 39 cents to 55 cents.
Needham analyst Jack Andrews, rated 5-stars by TipRanks, notes these points, including the expanded relationship with Baker Hughes, and comes down on the bullish side. He is careful to note that C3ai is cultivating relationships with Microsoft and Google that have long-term potential to overshadow the Backer Hughes contract. Andrews writes, “Current outlook over the next four quarters is ~ $1.2 billion and approximately $800 million of these qualified opportunities exist in the second half of FY22. Microsoft and Google Cloud are two notable drivers of this pipeline value as they represent roughly 120 transactions totaling around $140 million, and over 90 transactions totaling approximately $58 million, respectively.”
In line with these comments, Andrews rates this stock as a Buy, with a $103 price target that implies a very robust upside of 246% for the year ahead. (To watch Andrews’ track record, click here.)
This AI stock has 8 reviews from the Wall Street analysts, with a breakdown of 4 Buys, 2 Holds, and 2 Sells, for a Hold consensus rating. The shares are priced at $29.75 and their $55.13 average target indicates room for 85% growth in the next 12 months. (See C3ai’s stock analysis at TipRanks.)
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>>> Why C3.ai Stock Got Clobbered on Thursday
Motley Fool
By Danny Vena
Dec 2, 2021
https://www.fool.com/investing/2021/12/02/why-c3ai-got-clobbered-on-thursday/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
While the results looked good on the surface, there was trouble under the hood.
What happened
Shares of C3.ai ( AI -0.96% ) tumbled out of the gate Thursday, plunging as much as 18.7%, though the stock recovered somewhat, ending the day down just 11.2%.
The catalysts that sent the provider of enterprise artificial intelligence software lower were financial results that revealed a chink in the company's armor.
So what
For the fiscal second quarter (ended Oct. 31), C3.ai delivered revenue of $58.3 million, up 41% year over year, driven by subscription revenue of $47.4 million, up 32%. This resulted in a loss per share that widened to $0.55, worsening from the loss of $0.39 in the prior-year quarter.
To put those numbers in context, analysts' consensus estimates were calling for revenue of $57 million and a loss per share of $0.29.
The company's remaining performance obligation (RPO), which consists of contractually obligated sales that have yet to be recognized as revenue, surged to $465.5 million, up more than 74% year over year, suggesting that business will continue to thrive for the foreseeable future.
C3.ai increased its customer count to 104, up 63% year over year, across 14 industries, doubling over the past year.
Management also significant increased its outlook for the remainder of fiscal year and is now guiding for revenue growth of 36% at the midpoint of its guidance, up from just 17% last year.
Now what
Given that C3.ai beat on both the top and bottom lines and raised its full-year guidance, why did the stock get clobbered? The devil, as they say, is in the details.
The increase in the company's RPO was the result of an expanded contract with Baker Hughes Company ( BKR -0.25% ). Not only did C3.ai extend the contract term from five to six years, but it also significantly increased the dollar value of the agreement from $45 million to $495 million.
Therein lies the rub. When you back out the expanded deal with Baker Hughes, C3.ai's RPO actually declined 16% sequentially, which raises questions about the effectiveness of its sales team. As a result, several analysts downgraded the stock or cut their price targets.
Time will tell if this is the beginning of a trend or a one-time occurrence. For now, long-term investors should simply relax.
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>>> Best AI ETFs for Q4 2021
LOUP, ARKQ, and ROBO are the best AI ETFs for Q4 2021
Investopedia
By MATTHEW JOHNSTON
August 31, 2021
https://www.investopedia.com/investing/top-etfs-capitalizing-artificial-intelligence/?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral
Artificial intelligence (AI) exchange-traded funds (ETFs) seek to provide exposure to a fast-growing segment of the technology industry. AI aims to simulate human intelligence, leveraging powerful algorithms to make machines think and act like human beings. Though the automation of repetitive tasks and substitution of human labor by machines is nothing new, AI is accelerating this trend, resulting in giant leaps in productivity.
For investors who are optimistic about AI's growth potential but unsure which companies will perform best, an AI ETF is an option. AI ETFs hold a basket of stocks in companies that are engaged in some aspect of AI, enabling investors to share in the growth of AI companies' profits without the challenge of trying to separate the winners from the losers.
KEY TAKEAWAYS
The AI sector, as represented by the tech sector, slightly underperformed the broader market over the past year.
The ETFs with the best one-year trailing total return are LOUP, ARKQ, and ROBO.
The top holdings of these ETFs are Harmonic Drive Systems Inc., Tesla Inc., and Intuitive Surgical Inc., respectively.
A special note: Some ETFs that use AI as a tool for picking stocks are also sometimes referred to as AI ETFs. But this story focuses on ETFs targeting companies that use AI for other industries, such as robotics, automation, healthcare, and automobiles.
There are six distinct AI ETFs that trade in the U.S., excluding inverse and leveraged funds as well as those with less than $50 million in assets under management (AUM). The AI sector does not have its own benchmark, but its performance is best reflected in the index for the technology sector, the S&P 500 Information Technology Sector Index. The information technology (IT) index has slightly underperformed the broader market with a total return of 30.5% over the past 12 months, just below the S&P 500's total return of 31.4%, as of Aug. 27, 2021.1 The best-performing AI ETF, based on performance over the past year, is the Innovator Loup Frontier Tech ETF (LOUP). We examine the three best AI ETFs below. All data in the lists below is as of Aug. 27, 2021.2
Innovator Loup Frontier Tech ETF (LOUP)
Performance Over One-Year: 51.7%
Expense Ratio: 0.70%
Annual Dividend Yield: N/A
3-Month Average Daily Volume: 14,789
Assets Under Management: $76.9 million
Inception Date: July 25, 2018
Issuer: Innovator
LOUP is a multi-cap ETF that tracks the Loup Frontier Tech Index, which holds a basket of companies representing AI technology as well as robotics, fintech, autonomous vehicle technology, virtual reality, and similar technologies. LOUP holds approximately 30 stocks, with the majority of them based in the U.S. The fund follows a blended strategy, investing in a mix of growth and value stocks.3 Its top three holdings include Harmonic Drive Systems Inc. (6324:JAS), a Japan-based manufacturer of mechatronics products and speed reducers; Snap Inc. (SNAP), a camera and social media company; and Class A sponsored ADRs of Baidu Inc. (BIDU), a China-based company offering Internet search engine and other online services.3
ARK Autonomous Technology & Robotics ETF (ARKQ)
Performance Over One-Year: 45.1%
Expense Ratio: 0.75%
Annual Dividend Yield: 0.80%
3-Month Average Daily Volume: 356,112
Assets Under Management: $2.7 billion
Inception Date: Sept. 30, 2014
Issuer: ARK
ARKQ holds a basket of multi-cap equities focused on autonomous vehicles, robotics and automation, 3D printing, energy storage, and space exploration. Until November of 2019, the fund was called the ARK Industrial Innovation ETF.4 ARKQ is an actively managed ETF that employs a growth strategy and is geographically diversified across developed markets throughout the world. The fund's top three holdings include Tesla Inc. (TSLA), an electric vehicle and clean energy company; Trimble Inc. (TRMB), a provider of advanced location-based software solutions; and Kratos Defense & Security Solutions Inc. (KTOS), a defense contractor and security systems integrator for the U.S. federal government as well as state and local agencies.5
ROBO Global Robotics & Automation Index ETF (ROBO)
Performance Over One-Year: 40.5%
Expense Ratio: 0.95%
Annual Dividend Yield: 0.18%
3-Month Average Daily Volume: 81,840
Assets Under Management: $1.8 billion
Inception Date: Oct. 22, 2013
Issuer: Exchange Traded Concepts
ROBO seeks to track the ROBO Global Robotics & Automation Index, which gauges the performance of companies engaged in robotics, automation, and AI.6 The ETF provides exposure to companies developing intelligent systems technology capable of sensing, processing, and acting, and companies that apply that technology.7 The ETF follows a blended strategy of investing in a mix of value and growth stocks. It is diversified across a range of market capitalizations and developed markets. The fund's top three holdings include Intuitive Surgical Inc. (ISRG), a provider of robotics-assisted minimally invasive surgery technology; ServiceNow Inc. (NOW), a software company that provides a cloud computing platform for digital workflows; and Vocera Communications Inc. (VCRA), a provider of instant voice communication solutions.
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Name | Symbol | % Assets |
---|---|---|
Fanuc Corp | 6954 | 8.05% |
NVIDIA Corp | NVDA | 7.61% |
ABB Ltd | ABBN | 7.58% |
Keyence Corp | 6861 | 7.18% |
Intuitive Surgical Inc | ISRG | 7.08% |
Renishaw PLC | RSW.L | 5.31% |
Brooks Automation Inc | BRKS | 5.01% |
YASKAWA Electric Corp | 6506 | 4.63% |
Tecan Group Ltd | TECN | 4.33% |
Daifuku Co Ltd | 6383 | 4.22% |
Name | Symbol | % Assets |
---|---|---|
Meituan | 03690 | 4.23% |
Qualcomm Inc | QCOM | 4.11% |
Samsung Electronics Co Ltd | 005930.KS | 3.84% |
NVIDIA Corp | NVDA | 3.01% |
ServiceNow Inc | NOW | 2.98% |
Tencent Holdings Ltd | 00700 | 2.89% |
Alphabet Inc A | GOOGL | 2.85% |
Salesforce.com Inc | CRM | 2.83% |
Shopify Inc A | SHOP.TO | 2.79% |
Siemens AG | SIE.DE | 2.76% |
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