Daily AI Roundup: Biggest Machine Learning, Robotic And Automation Updates 3rd May 2023
This is our AI Daily Roundup . We are covering the top updates from around the world. The updates will feature state-of-the-art capabilities in artificial intelligence (AI), Machine Learning, Robotic Process Automation, Fintech, and human-system interactions. We cover the role of AI Daily Roundup and its application in various industries and daily lives.
AI policies are finally taking shape in legislative proceedings of many countries to restrict AI’s malfunctioning and its militarization against the nation states. According to a report, the mention of the phrase “Artificial Intelligence’ or AI jumped by 6.5% in the last seven years since 2016. It was reported that European Union tech regulation chief Margrethe Vestager has agreed to a political agreement on AI legislation — speculated to be the world’s first major artificial intelligence (AI) legislation. This legislation may closely follow the passing of EU’s Artificial Intelligence Act. Even OpenAI’s CEO has raised concerns about AI taking a Terminator-styled posture where AI systems override human supervision.
CLARA Analytics (“CLARA”), a leading provider of artificial intelligence (AI) technology for casualty insurance claims optimization, announced its award-winning claims AI platform for general liability claims. The addition of general liability completes CLARA’s casualty lines risk and exposure platform. CLARA continuously monitors incoming claims data, providing actionable insights that alert adjusters to potentially high-risk claims. The technology aids experienced professionals in optimizing claims outcomes and resolving cases rapidly.
Sound Ventures, a venture capital firm focused on investing in transformative technologies and exceptional founders, announced that it has closed Sound Ventures AI Fund, oversubscribed at nearly $240M. The fund seeks to invest in category-defining artificial intelligence businesses at the foundation model layer. The fund’s current portfolio includes OpenAI, Anthropic and StabilityAI. Sound Ventures is led by General Partners Effie Epstein, Ashton Kutcher and Guy Oseary and manages over $1B in assets across funds.
AMP Robotics Corp. (“AMP”), a pioneer in artificial intelligence (AI), robotics, and infrastructure for the waste and recycling industry, now offers a complete line of AI-powered automation solutions for materials recovery facilities (MRFs), along with a standalone, integrated facility solution to expand recycling infrastructure.
Tempus, a leader in artificial intelligence and precision medicine, announced that the U.S. Food and Drug Administration (FDA) has approved the company’s first Premarket Approval (PMA) application for its companion diagnostic test, xT CDx. xT CDx is a 648-gene next-generation sequencing test for solid tumor profiling, which includes microsatellite instability status and companion diagnostic claims for colorectal cancer patients.