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Artificial Intelligence’s Impact: UBS Predictions, Crypto as Money, New Startup, Drug Discovery, Patent Drafting

Artificial intelligence (AI) is making significant strides and reshaping various industries, as highlighted in several recent news articles. UBS has made ten predictions on how AI will transform the world, including its potential to revolutionize education, healthcare, and transportation. The financial giant also noted that AI could contribute $15 trillion to the global economy by 2030 (Seeking Alpha on MSN.com).

Balaji Srinivasan, a former Coinbase executive, believes that cryptocurrency will serve as the money of an upcoming AI age. He argues that decentralized digital currencies align with AI’s values of transparency and openness, making them suitable for this new era (The Daily Hodl).

Elon Musk has launched a new artificial intelligence company called xAI to compete with other AI developers such as OpenAI and Google’s Bard. Musk, who co-founded OpenAI, aims to explore the “true nature of the universe” through this venture (Gizmodo).

In the pharmaceutical sector, Italfarmaco has partnered with Iktos to leverage AI in speeding up drug discovery breakthroughs for patients. The collaboration combines AI and human expertise to enhance the efficiency of drug research and development (Business Insider).

The fashion industry is also embracing AI, as Tod’s creative director Matteo Tamburini focused on “artisanal intelligence” in his first menswear collection for the brand’s Spring 2025 line. This approach aims to maintain traditional craftsmanship while incorporating technology (Yahoo).

When it comes to patent drafting, AI can be a valuable tool for accurately capturing an invention’s novelty, inventiveness, and utility. Generative AI, in particular, can help ensure compliance with patent laws and create well-drafted patents that protect intellectual property rights (World IP Review).

In summary, artificial intelligence is making substantial impacts across various sectors, from financial predictions and drug discovery to fashion design and patent drafting. As AI technology continues to advance, its potential applications and influence will likely expand, further reshaping the world in unforeseen ways.

More information, please check below news source:

    10 predictions on how artificial intelligence will reshape the world: UBS
    (Seeking Alpha on MSN.com)
    Since ChatGPT was introduced in late 2022 and Microsoft (MSFT) backed its creator, the world has been overtaken by generative artificial intelligence and its br
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    Balaji Srinivasan Says Crypto Will Become Money in the Age of Artificial Intelligence – Here’s Why
    (The Daily Hodl)
    Former Coinbase executive Balaji Srinivasan thinks crypto will serve as the money of an artificial intelligence (AI) age.
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    Elon Musk Launches Another Artificial Intelligence Startup, xAI, in Newest Bid to Stay Relevant
    (Gizmodo)
    Elon Musk launched his newest venture, an artificial intelligence company called xAI, to compete with other AI developers including ChatGPT maker OpenAI (which he also founded) and Google’s Bard. Musk announced the launch on Wednesday, saying on the company’s website: “The goal of xAI is to understand the true nature of the universe.”
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    Italfarmaco partners with Iktos on artificial intelligence to speed drug discovery breakthroughs for patients
    (Business Insider)
    PRESS RELEASEItalfarmaco partners with Iktos on artificial intelligence to speed drug discovery breakthroughs for patientsCombines AI to increase
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    Tod’s Men’s Spring 2025: Artisanal Intelligence to Keep Artificial Intelligence in Check
    (Yahoo)
    Creative director Matteo Tamburini developed his first menswear collection for the brand and it was aligned with the goal of keeping “artisanal intelligence” at the center.
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    When to use generative artificial intelligence in patent drafting
    (World IP Review)
    Effective patent drafting accurately captures an invention’s novelty, inventiveness, and utility while ensuring compliance with patent laws. A well-drafted patent safeguards the inventor’s intellectual property and serves as a valuable asset for licensing, commercialisation, and enforcement.
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