Richtech Robotics plans to use its robotics and artificial intelligence (AI) cloud technology to run 20 more Walmart-located restaurants in Arizona, Colorado and Texas. The provider of AI-driven service robots has signed a binding letter of intent with Ghost Kitchens America in which the companies...
Adobe is rolling out a new artificial intelligence (AI)-powered video creation tool designed to help businesses generate custom content while sidestepping potential legal issues surrounding copyright infringement. As companies adopt AI in their content strategies, Adobe’s latest offering stands out for its use of licensed...
Recent findings from Apple researchers have cast doubt on the mathematical prowess of large language models (LLMs), challenging the notion that artificial intelligence (AI) is on the brink of human-like reasoning. In a test of 20 state-of-the-art LLMs, performance on grade-school math problems plummeted when questions...
This past week, Adobe, Google, Microsoft, OpenAI and Tesla launched artificial intelligence (AI) innovations in video production, drug discovery, healthcare, eCommerce and autonomous transport. These advancements promise increased efficiency and reduced costs, but experts are pondering their effects on human roles and regulatory frameworks. Adobe’s...
Nasdaq has introduced technology to calculate investment portfolio risk using machine learning. The new functionality, announced Thursday (Oct. 17), will be woven into Nasdaq’s Calypso platform, used by banks, insurers and other financial institutions to do things like access capital markets, manage risk and adhere to regulatory reporting...
The U.S. Treasury Department said artificial intelligence (AI) has helped fuel a fraud/improper payments recovery. The department announced Thursday that its “technology and data-driven” approach allowed it to prevent and recover more than $4 billion in fraud and improper payments, up from $652 million during...
Artificial intelligence (AI) video tools, including Adobe’s latest release, are transforming corporate media by enabling rapid, low-cost custom content creation. The Firefly Video Model, part of Adobe’s Creative Cloud suite, leverages licensed footage and AI to enable rapid video production while navigating potential legal and...
Artificial intelligence is fueling explosive growth in the tech industry, with companies from chip manufacturers to security startups reporting soaring revenues and attracting significant investment. Taiwan Semiconductor Manufacturing Co. posted a 54% jump in quarterly profits on strong AI chip demand, while AI security firm...
Google DeepMind has developed an AI model to predict key properties of potential drugs, aiming to accelerate pharmaceutical research. The new Tx-LLM (Therapeutic Large Language Model) model exemplifies a shift toward specialized artificial intelligence tools for specific industries. This targeted approach could prove more valuable...
