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Companies Will Spend $50 Billion On Artificial Intelligence This Year With Little To Show For It

Source: Forbes

Companies are struggling to deliver on AI projects, Khodabandeh says, because they overspend on technology and data scientists, without implementing changes in the business processes that could benefit from AI — a conclusion that echoes a Harvard Business Review report published in June. Take Uber, last month, engineers at the ride-hailing company concluded that its…

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AI-based traffic management gets green light

Source: ZD Net

The new effort is the brainchild (naturally) of a California-based company called NoTraffic. The rollout, which begins today, will take place at a few key intersections in order to improve traffic flow and reduce vehicle and pedestrian delays by taking the system off of a timer-based model and coordinate the lights based on actual demand.…

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Elon Musk’s Neuralink Brain Chip Will Soon Allow Users to Take Charge of Moods and Emotions

Source: Tech Times

The American Tech Company founded by Musk, Neuralink, is working on their current project, the brain-implanted chip, that is capable of controlling a human’s emotion and mood by emitting waves that are beyond the usual or natural frequency and amplitude. The brain chip’s function would move forward from its original innovation of helping people with…

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Researchers seek to advance predictive AI for engineers with CAD model data set

Source: Venture Beat

Artificial intelligence appears poised to augment or replace human artists in some cases. Carnegie Mellon University researchers are training a robot to pick up painting techniques by watching humans, and last month MIT researchers introduced a generative model that predicts how humans paint landscape art by training AI with YouTube videos of people painting. Now a…

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Thriving in the era of pervasive AI

Source: Deloitte

We are entering a new chapter in the adoption of the current generation of AI technologies: Capabilities are advancing, it is becoming easier to develop and implement AI applications, and companies are seeing tangible benefits from adoption. We have seen AI deployed across a wide spectrum of use cases to solve business problems—from managing and…

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Why Deep Investment In Automation Results In More Jobs

Source: Forbes

“We can see that industrial robots increase employee wages and increase productivity and that the number of jobs for low-skilled employees, and also to some extent for the medium-skilled, decreases, while job opportunities for the highly skilled increase,” the authors say. “The process of machines replacing human labor is not something that is new,” they say. “It’s been…

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