Fetch.ai and Deutsche Telekom partner to converge AI and blockchain

Deutsche Telekom has announced a collaboration with UK-based AI startup Fetch.ai to promote cutting-edge AI and blockchain solutions. 

As the first major corporate partner of the Fetch.ai Foundation, Deutsche Telekom joins forces with Bosch and Fetch.ai in supporting an open AI and blockchain platform aimed at widespread adoption. Its subsidiary, Deutsche Telekom MMS, will also serve as a validator on the decentralised Fetch.ai network, helping secure transactions on the...

13 February 2024 | Applications

Telcos to spend $20B on AI network orchestration by 2028

Telecom companies are expected to increase their spending on AI for automating network management to $20 billion by 2028, a new report from Juniper Research found. This would represent a 240 percent rise from estimated spending levels in 2024 of $6 billion.

The researchers predict the investment growth will be necessary as telcos expand 5G networks globally and develop future 6G networks. The AI software will play a vital role in optimising network performance and security; the...

12 February 2024 | Artificial Intelligence

AUKUS trial advances AI for military operations 

The UK armed forces and Defence Science and Technology Laboratory (Dstl) recently collaborated with the militaries of Australia and the US as part of the AUKUS partnership in a landmark trial focused on AI and autonomous systems. 

The trial, called Trusted Operation of Robotic Vehicles in Contested Environments (TORVICE), was held in Australia under the AUKUS partnership formed last year between the three countries. It aimed to test robotic vehicles and sensors in situations...

5 February 2024 | Applications

Bank of England Governor: AI won’t lead to mass job losses

Andrew Bailey, Governor of the Bank of England, has rebutted fears that AI will lead to widespread unemployment.

"I'm an economic historian, before I became a central banker. Economies adapt, jobs adapt, and we learn to work with it. And I think, you get a better result by people with machines than with machines on their own," Bailey told the BBC.

Bailey's comments come as the latest economic assessment shows that UK businesses investing in AI are expected to see gains...

2 February 2024 | Artificial Intelligence

OpenAI and Common Sense Media will promote safe AI use by families

OpenAI has announced a partnership with nonprofit Common Sense Media to educate families on responsible AI use. Leaders from both organisations shared the news onstage at the Common Sense Summit for America’s Kids and Families.

Through the collaboration, OpenAI and Common Sense aim to empower parents, educators, and teens to use AI tools safely and effectively.

Initial projects will include developing AI guidelines and educational materials tailored for different age...

30 January 2024 | Applications

How will AI impact the gambling industry?

The gambling industry, perpetually dynamic and adaptive to technological advancements, is experiencing a significant transformation with the integration of AI. The use of AI within this sector is reshaping the gambling landscape, bringing about profound changes in various facets of gambling operations and customer experiences. 

Using AI in gambling experiences opens up new dimensions of interactivity and engagement. AI algorithms can optimise live dealer games, making them more...

30 January 2024 | Entertainment & Retail

Financial services introducing AI but hindered by data issues

According to research by EXL, around 89 percent of insurance and banking firms in the UK have introduced AI solutions over the past year. However, issues with data optimisation could hinder their impact.

The researchers surveyed executives at top UK insurers and lenders about their AI strategies and found that 44 percent have deployed AI across eight or more business functions—especially in marketing, business development, and regulatory compliance. 

Nearly 9 in 10...

29 January 2024 | Applications

US Chief Justice: AI won’t replace judges but will ‘transform our work’

In the Federal Judiciary’s year-end report, US Chief Justice John Roberts addressed the potential impact of AI on the judicial system. In particular, he aimed to quell concerns about the obsolescence of judges in the face of technological advancements.

"As 2023 draws to a close with breathless predictions about the future of artificial intelligence, some may wonder whether judges are about to become obsolete. I am sure we are not—but equally confident that technological...

2 January 2024 | Applications

AI & Big Data Expo: Unlocking the potential of AI on edge devices

In an interview at AI & Big Data Expo, Alessandro Grande, Head of Product at Edge Impulse, discussed issues around developing machine learning models for resource-constrained edge devices and how to overcome them.

During the discussion, Grande provided insightful perspectives on the current challenges, how Edge Impulse is helping address these struggles, and the tremendous promise of on-device AI.

Key hurdles with edge AI adoption

Grande highlighted three primary...

15 December 2023 | Artificial Intelligence

Absci and AstraZeneca forge AI partnership to discover cancer treatments

Absci, a frontrunner in generative AI antibody discovery, has partnered with biopharmaceutical giant AstraZeneca to leverage AI in the quest for a novel cancer treatment.

This collaboration will capitalise on Absci's Integrated Drug Creation platform—seamlessly integrating with AstraZeneca's expertise in oncology, aiming to expedite the discovery of a potentially game-changing cancer therapy.

Under the agreement, Absci will deploy its pioneering generative AI...

4 December 2023 | Applications