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Welcome to our weekly edition of AI & Finance™!
We had a lot to keep up with this week in artificial intelligence, but I think the newsletter does a nice job of covering it all without getting too bogged down in some of the recurring discussions about AI gone wild and bubbles bursting. In our weekly AI & Finance news headlines, read about how artificial intelligence might be ready to go nuclear. In our Top 5 VC Funding announcements piece, we have not one but two venture funding announcements over the $100M threshold. In our AI Education column, we discuss one of the more confusing, but promising technical topics in artificial intelligence... CHECK IT ALL OUT BELOW!
Here at AI & Finance, I believe that, week in and week out, we offer an editorial tableau that stands as a convincing argument that, if artificial intelligence is in a bubble, it nonetheless has staying power and will help shape the world in the decades to come. This week, before we go through our financial AI headlines, we'll offer some more evidence that AI is probably going to be around for a long time, and is only going to get bigger and more prevalent. Our next exhibit is in the energy sector, where nuclear is having a bit of a renaissance... CONTINUE HERE
In AI, a transformer is very different from robots that can change from humanoid to vehicle form at will-or the devices in our electrical grid that pass energy between circuits. A transformer is a type of neural network. Transformers are used to understand and organize complex data using a very large number of variables. While most software to date has been developed to perform calculations, transformers can understand interrelationships and contexts within data-especially sequential data-and create nuanced hierarchies with human-like ability. In other words, an AI transformer can make a computer capable of human-level learning and discretion... CONTINUE HERE
This was a very busy week around the world in AI venture funding, with two deals exceeding the $100 million threshold. This week's top reported deal, per FinSMEs, came from London-based Tessl, which raised $125 million in an undisclosed round to build out and go live with its AI-enabled software development platform. The next biggest announcement was in the superconductor space, where Enfabrica brought in a $115M round to build the chips that will power next-generation artificial intelligence. The top five also included companies in the data management and insuretech spaces. Smaller funding raises that did not quite make our top 5 this week included announcements from the consumer health, security and customer experience sectors... CONTINUE HERE
As organizations start thinking about the coming year and finalizing their budgets, now is the time to ensure their technology roadmap is in place as they prepare to implement new tools, like AI. Manish Pandey, Senior Vice-President, and Head of Banking at JIFFY.ai shares with Digital Wealth News™ readers what financial institutions must do now as they prepare for 2025 and beyond. There will be significant technology spending on AI investments in the financial institution sector in 2025, with open banking and embedded finance at the top, said Pandey. For forward-thinking C-suite executives understand that AI must be their #1 priority if they intend to meet the market's demands... CONTINUE HERE
Things continued to move faster than light with quiet regulatory moves. This time, concerns about a bubble effect emerged as companies continued to outpace each other with world-changing ideas | The DeepMind AI ecosystem took a quantum leap | Microsoft and C3.ai expanded their partnership | Experts at the NIH developed an AI algorithm that matches trials with (potential) participants | The ECB raised bubble concerns and the monopolistic tendencies of the sector | An AI version of the Christ debuted in a Church in Lucerne, Switzerland | And much more... CONTINUE HERE
In this podcast, our dynamic AI duo - Al & Ivy - take on a tangential topic for this podcast - fracking - but from their unique AI perspective. As these are personas created by Google, you'll find that that this particular podcast has quite a bit of climate change-centric lingo in it. Whether you're pro or con that topic, you'll find that the podcast nevertheless presents a very interesting and informative view of the subject matter. The source editorial piece examines the practice of hydraulic fracturing, or fracking, for extracting natural gas. It details the history, methodology, and environmental and economic arguments for and against fracking... CONTINUE HERE
Source: thefinancials.com | Updated every 30 minutes, M-F during market hours
The DWN AI Index™ is a benchmark stock index of the artificial intelligence (AI) sector. The index is comprised of a diversified group of stocks deriving a significant percentage of their revenue from AI applications. REVIEW HISTORICALS HERE
STOCKS COMPRISING DWN AI INDEX:
Amazon (AMZN) * Arista Networks (ANET) * AI (C3.ai) * CrowdStrike Holdings (CRWD) * Duolingo (DUOL) * iRhythm Technologies (IRTC) * Microsoft Corporation (MSFT) * NVIDIA Corporation (NVDA) * Palantir Technologies (PLTR) & * Taiwan Semiconductor * Manufacturing (TSM)
Bozeman • MT • 59715 • USA
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