Artificial intelligence (AI) is making headlines in various industries, from finance to healthcare and pharmaceuticals. The Federal Housing Finance Agency (FHFA) has appointed Tracy Stephan as its first Chief Artificial Intelligence Officer, tasked with leading the agency’s AI efforts and ensuring responsible use of the technology.
Meanwhile, IGC Pharma, a clinical-stage biopharmaceutical company, has added Pablo Arbelaez, an expert in artificial intelligence, to its advisory board. Dr. Arbelaez is one of the world’s top researchers in AI and machine learning, and his addition will help IGC Pharma advance its AI capabilities in drug discovery and development.
In other news, Supersimple, a pre-seed company and repeat AI founders, has raised $2.2 million to rethink how companies work with data in the age of artificial intelligence. The company’s AI-native data analytics platform empowers anyone in the organization to answer complex ad-hoc data questions with no code, making it easier for businesses to leverage their data and make informed decisions.
However, not all news around AI is positive. Morningstar, a leading provider of independent investment research, believes that Arm Holdings, a rival of Nvidia in the AI chip market, is overvalued and could plummet to $57, a 56% decrease from its current levels. The firm argues that the “exaggerated artificial intelligence narrative” surrounding Arm has driven up its stock price, but the company’s actual AI capabilities do not justify its valuation.
Lastly, the University of Maryland (UMD) has announced the creation of the Artificial Intelligence Interdisciplinary Institute at Maryland, which will help educate students on AI and promote responsible use of the technology. The institute will bring together experts from various fields, including computer science, engineering, and social sciences, to advance AI research and education at UMD.
In summary, artificial intelligence is making significant strides in various industries, from finance to healthcare and pharmaceuticals. However, it’s essential to approach AI with caution and ensure responsible use of the technology. Companies like IGC Pharma and Supersimple are leveraging AI to advance their capabilities and make data-driven decisions, while experts like Dr. Arbelaez and institutions like UMD are promoting responsible AI education and research. Meanwhile, investors should be wary of “exaggerated artificial intelligence narratives” that may inflate stock prices beyond their actual value.
More information, please check below news source:
Artificial Intelligence As Consequential As Electricity – Says Most Influential Banker In The World
(Benzinga.com)
JP Morgan is the largest U.S. bank. Its CEO Jamie Dimon is the most influential banker in the world. Prudent investors pay attention to what Jamie Dimon says. Prudent investors recognize that Dimon has access to more private data than almost anyone else.
Read More
Artificial Intelligence’s ‘Insatiable’ Energy Needs Not Sustainable, Arm CEO Says
(The Wall Street Journal on MSN.com)
Arm Chief Executive Rene Haas said a push for energy efficiency is needed in artificial-intelligence applications.
Read More
CoreSite Helps Customers Accelerate Artificial Intelligence Adoption as NVIDIA DGX-Ready Data Center Partner
(YAHOO!Finance)
CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), today announced that it has been certified as part of the NVIDIA DGX-Ready Data Center program to host scalable,
Read More
EMS response times in high rises can improve with artificial intelligence. Here’s how.
(Naples Daily News on MSN.com)
Their new 911locate.ai service takes blueprints of floor plans on paper or in electronic form and updates the information. An artificial intelligence application converts the infomation into a three-dimensional format with key data points of entrances and exits, stairwells, elevators and hallways.
Read More
FHFA names chief artificial intelligence officer
(National Mortgage News)
Tracy Stephan’s appointment to the new role is in line with broader federal directives follows other changes in staffing in the Office of Financial Technology.
Read More
IGC Pharma Adds Advisor in Artificial Intelligence
(Stockhouse)
IGC Pharma, Inc. (“IGC Pharma,” “IGC” or the “Company”) (NYSE American: IGC) today announces the addition of Pablo Arbelaez, Ph.D., an expert in artificial intelligence (“AI”) and one of the world’s top researchers.
Read More
Supersimple Raises $2.2 Million to Rethink How Companies Work With Data in Age of Artificial Intelligence
(CMS Wire)
Pre-seed company and repeat AI founders target B2B SaaS companies with AI-native data analytics platform and empower anyone in the organization to answer complex ad-hoc data questions with no code TALLINN,
Read More
This Nvidia Rival Stock Driven By ‘Exaggerated Artificial Intelligence Narrative’ Could Fall 56%: Morningstar
(Business Insider)
Morningstar believes that Arm Holdings is overvalued and could plummet to $57, a 56% decrease from its current levels
Read More
UMD announces new artificial intelligence institute
(The Diamondback)
The Artificial Intelligence Interdisciplinary Institute at Maryland will help educate students on AI, a campuswide email said.
Read More