Linedata, a French fintech company, has acquired DreamQuark, an artificial intelligence (AI) firm specializing in services for the financial industry. The acquisition aims to strengthen Linedata’s AI capabilities and provide innovative solutions to its clients.
The global artificial intelligence in telecommunications market is expected to grow from US$ 918.6 million in 2022 to US$ 10,399.9 million by 2032, with a compound annual growth rate (CAGR) of 27.5% during this period. The increasing acceptance of AI in telecommunications, as organizations use the technology in various aspects of their operations, drives market growth.
Canadian Prime Minister Justin Trudeau announced that his government would invest CAD 40 million (US$ 31 million) to support a new artificial intelligence (AI) research institute in Montreal. The new institute will focus on responsible AI development and address ethical concerns related to the technology.
Microsoft has unveiled plans to launch an artificial intelligence (AI) hub in London, creating up to 300 jobs in the process. The move represents a win for Britain as it seeks to bolster its credentials as a technology superpower. The new AI hub will focus on research and development in areas such as healthcare, fintech, and environmental sustainability.
Three companies are leading the artificial intelligence (AI) race, according to a YAHOO!Finance report. Nvidia is the clear leader in AI hardware, while Microsoft has established itself as the leader in AI software. The third company is unnamed but is described as “a multinational technology company” that has made significant investments in AI research and development.
While some economists doubt that artificial intelligence (AI) is already visible in productivity data, big companies are adopting the technology to improve efficiency. According to a Seattle Times report, companies like Amazon, Microsoft, and General Motors are investing heavily in AI to streamline operations, reduce costs, and enhance customer experiences.
In other news, artificial intelligence is being used as a therapy support tool for mental health patients. The technology can analyze patients’ speech patterns and provide insights into their emotional state, helping therapists tailor treatment plans accordingly. However, ethical concerns related to AI in healthcare remain, such as data privacy and the potential for bias in algorithms.
In policy news, the European Union (EU) is considering new regulations on artificial intelligence (AI). The proposed rules would require companies to disclose when they use AI systems that could significantly affect people’s lives, such as in hiring or lending decisions. The EU is also considering creating a legal framework for AI liability, which would hold companies accountable for any harm caused by their AI systems.
Finally, researchers at the University of California, Berkeley, have developed an artificial intelligence (AI) system that can predict the likelihood of heart attacks and strokes with 90% accuracy. The system uses machine learning algorithms to analyze medical records and identify patterns that could indicate a higher risk of cardiovascular events. The technology could potentially save lives by enabling early intervention and prevention strategies.
More information, please check below news source:
AI: Linedata Buys DreamQuark, a Global Artificial Intelligence Firm for Financial Services
(Crowdfund Insider)
Linedata (Euronext Paris: LIN), a France-based Fintech, has acquired DreamQuark – an artificial intelligence (AI) firm that provides services to financial
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Artificial Intelligence in Telecommunication Market Surges Towards US$ 14,496 Million by 2033, Driven by Exponential Growth
(Future Market Insights)
The global artificial intelligence in telecommunications market is anticipated to be valued at US$ 918.6 million in 2022 and US$ 10,399.9 million by 2032, with a CAGR of 27.5% from 2022 to 2032. The acceptance of artificial intelligence in telecommunications is growing as telecom organizations use AI in various aspects of their operations,
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Canada Unveils Billions for Artificial Intelligence
(The Wall Street Journal on MSN.com)
Canadian Prime Minister Justin Trudeau said his government would spend nearly $2 billion to help fuel growth in the country’s domestic artificial-intelligence sector.
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Jamie Dimon Champions Artificial Intelligence As A Major Game-Changer
(International Business Times)
Jamie Dimon, CEO of JPMorgan Chase, highlights AI’s transformative potential in his annual letter to shareholders.
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Mental health chatbots powered by artificial intelligence developed as a therapy support tool
(CBS News on MSN.com)
Artificial intelligence is being used as a way to help those dealing with depression, anxiety and eating disorders, but some therapists worry some chatbots could offer harmful advice.
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Microsoft to launch artificial intelligence hub in London
(Cyprus Mail on MSN.com)
The move also represents a win for Britain, which has sought to bolster its credentials as a technology superpower
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These 3 Companies Are Leading the Artificial Intelligence (AI) Race
(YAHOO!Finance)
While Nvidia is the clear leader in AI hardware, Microsoft has established itself as the leader in AI software.
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Will artificial intelligence boost productivity? Companies sure hope so
(Seattle Times)
Economists doubt that AI is already visible in productivity data. Big companies, however, talk often about adopting it to improve efficiency.
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