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Category Archives: Artificial Intelligence

New Texas Center Will Create Generative AI Computing Cluster Among Largest of Its Kind – The University of Texas at Austin

AUSTIN, Texas The University of Texas at Austin is creating one of the most powerful artificial intelligence hubs in the academic world to lead in research and offer world-class AI infrastructure to a wide range of partners.

UT is launching the Center for Generative AI, powered by a new GPU computing cluster, among the largest in academia. The cluster will comprise 600 NVIDIA H100s GPUs short for graphics processing units, specialized devices to enable rapid mathematical computations, making them ideal for training AI models. The Texas Advanced Computing Center (TACC) will host and support the cluster, called Vista.

Artificial intelligence is fundamentally changing our world, and this investment comes at the right time to help UT shape the future through our teaching and research, said President Jay Hartzell. World-class computing power combined with our breadth of AI research expertise will uniquely position UT to speed advances in health care, drug development, materials and other industries that could have a profound impact on people and society. We have designated 2024 as the Year of AI at UT, and a big reason why is the combination of the trends and opportunities across society, our talented people and strengths as a university, and now, our significant investment in the Center for Generative AI.

The growth of ChatGPT and similar generative AI technologies has put pressure on many industry groups, health care organizations and public agencies to work with academic institutions to harness AI for innovation. Experts from the center will collaborate with external partners to develop and apply generative AI solutions to challenging problems across industries.

With a core focus on biosciences, health care, computer vision and natural language processing (NLP), the new center will be housed within UTs interdisciplinary Machine Learning Laboratory and co-led by the Cockrell School of Engineering and the College of Natural Sciences. In recognition of AIs growth across industries, it also includes faculty members and support from Dell Medical School, as well as researchers from the School of Information and McCombs School of Business.

We believe academia should continue to play a leading role in the development of AI, said Alex Dimakis, director of the center and professor in the Cockrell Schools Chandra Family Department of Electrical and Computer Engineering. Open-source models, open data sets and interdisciplinary peer-reviewed research is the safest way to drive the upcoming AI revolution. Universities are uniquely suited to shape this ecosystem, and we are excited to be on the frontier of generative AI here in Austin.

The University is currently home to the National Science Foundation-supported AI Institute for Foundations of Machine Learning (IFML) and TACCs Frontera, the most powerful supercomputer at a U.S. university. Center for Generative AI leaders envision applying fundamental algorithmic resources to solve large-scale applied problems, bridging academic and industrial goals for artificial intelligence.

UT has established a tremendous foundation in AI, said Adam Klivans, a professor in the College of Natural Sciences Department of Computer Science and director of the Machine Learning Laboratory. With this investment, we can accelerate the process of scientific discovery and find new solutions to major engineering challenges that would otherwise take years of experimental work.

The center offers a core pillar for advancing AI technologies while building on momentum generated in recent years.

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The Synergy of Startups and Artificial Intelligence: | by Dr Richard Matthews – Chief AI Officer RHEM Labs | Jan, 2024 – Medium

In the rapidly evolving landscape of technology, the fusion of startups and artificial intelligence (AI) has emerged as a beacon of innovation, reshaping industries and redefining the boundaries of what is possible. This dynamic duo is not just a trend but a transformative force, with startups leveraging AI to solve complex problems, enhance efficiency, and create unprecedented value; but it is not without challenges.

The world of technology is witnessing a remarkable era where artificial intelligence has become the cornerstone of innovation.

Amidst this technological renaissance, startups play a crucial role, acting as the crucibles where the raw potential of AI is refined into groundbreaking applications.

These nimble entities, characterized by their innovative spirit, flexibility, and willingness to try anything, are exploring AIs capabilities to attack the status quo by offer solutions that were once discounted as science fiction.

Today you can:

All thanks to the power of AI and emergence of integrating technologies such as mixed reality and the metaverse.

But why are Startups where all of this magic is happening?

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The Synergy of Startups and Artificial Intelligence: | by Dr Richard Matthews - Chief AI Officer RHEM Labs | Jan, 2024 - Medium

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Stellantis to Enhance Personalized Mobility Experience with Acquisition of CloudMade’s Artificial Intelligence … – Stellantis

AMSTERDAM Stellantis N.V. announced today the acquisition of the artificial intelligence framework, machine learning models and intellectual property rights and patents of CloudMade, a developer of smart and innovative big data-driven automotive solutions.

The acquisition as an asset deal will support the mid-term development of STLA SmartCockpit and reinforces Stellantis software strategy outlined in Dare Forward 2030.

The AI-powered framework created by CloudMade, with integrated graphical interfaces, is the industry-leading cloud and software development kit for collecting and analyzing automotive data sets and has been the reference point to transform the in-car and mobility user experience throughout the past decade.

The acquisition of CloudMades pioneering AI capabilities will accelerate our development journey on STLA SmartCockpit and help us deliver our Dare Forward 2030 goals, said Yves Bonnefont,Stellantis Chief Software Officer. Thanks to this adaptable technology and leveraging our growing connected car parc, we will create intelligent mobility solutions faster and with more flexibility, to delight our customers with in-vehicle and mobile experience personalization.

As part of the acquisition, 44 engineers and software developers from CloudMade, dedicated to the development of AI technology, will be joining Stellantis.

CloudMadeis extremely pleased with this transaction, said Jim Brown, founder and CTO of CloudMade. The team is excited to deepen their working relationship withStellantis to bring new features to the vehicles cockpit.

CloudMades framework architecture allows to maximize data value using three learning approaches: personalized learning, which predicts an individuals behavior in a particular context; fleet learning, using sensor data across devices to detect and share real world features; cohort learning, combining real world data with data from clustered groups of people distinguished by attributes.

CloudMades software technology will support Stellantis strategy to develop intelligent mobility products and enhance the overall customer experience with personalized features that will make their drive safer, their life easier and their trip exciting.

Services and products will include:

Through this acquisition, Stellantis will also be able to develop end-to-end and fully owned navigation features; enhance data privacy, since the data for training the models will be managed internally, reducing risks of possible exposure; and introduce development kits for making custom models for its software developers.

About Stellantis

Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the worlds leading automakers aiming to provide clean, safe and affordable freedom of mobility to all. Its best known for its unique portfolio of iconic and innovative brands including Abarth, Alfa Romeo, Chrysler, Citron, Dodge, DS Automobiles, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis is executing its Dare Forward 2030, a bold strategic plan that paves the way to achieve the ambitious target of becoming a carbon net zero mobility tech company by 2038, while creating added value for all stakeholders. For more information, visit http://www.stellantis.com

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Stellantis to Enhance Personalized Mobility Experience with Acquisition of CloudMade's Artificial Intelligence ... - Stellantis

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More support for artificial intelligence start-ups to boost innovation – European Union

The Commission is stepping up its support to European start-ups and small and medium enterprises (SMEs) so they can develop trustworthy artificial intelligence (AI) that respects EU values and rules.

The new AI package includes a broad range of measures to support these start-ups and innovation, along with a proposal to provide privileged access to supercomputers to AI start-ups and the broader innovation community. Other measures include:

The Commission will also establish two European Digital Infrastructure Consortiums, together with several Member States. These groups will develop common European infrastructure in language technologies and state-of-the-art AI-tools to help cities optimise processes, from traffic to waste management.

For years, the Commission has been facilitating and enhancing cooperation on artificial intelligence across the EU to boost its competitiveness and ensure trust based on EU values. The EU AI Act agreed in December 2023 is the world's first comprehensive law on artificial intelligence and will support the development, deployment and take-up of trustworthy AI in the EU.

For more information

Excellence and trust in artificial intelligence

AI Pact

The European High-Performance Computing Joint Undertaking

Common European Data Spaces

Press release: Commission launches AI innovation package to support Artificial Intelligence start-ups and SMEs

European Digital Infrastructure Consortium (EDIC)

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More support for artificial intelligence start-ups to boost innovation - European Union

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3 Stocks Capitalizing on the Artificial Intelligence Boom – InvestorPlace

The artificial intelligence boom has generated many winners like these three stocks

Artificial intelligence (AI) can increase global productivity and help businesses generate more revenue. Those two outcomes and others have captivated investors who seek to beat the market.

Its hard to find an industry that performed as well as AI last year. It may also be challenging to find a sector that can keep up with artificial intelligence stocks in 2024. These stocks wont go parabolic and will have good years and bad years.

However, many of the catalysts that fueled 2023s rally are still in play this year. Its possible for these three AI stocks to soar higher as they capitalize on the artificial intelligence boom.

Source: sdx15 / Shutterstock.com

Nvidia(NASDAQ:NVDA) put investors on notice last year as artificial intelligence caused revenue to surge.Quadruple-digit year-over-year net income growthmade the valuation easier to justify.

Even now, it can be argued that Nvidia is still an undervalued stock. The companys continued growth, business opportunities, 28 forward P/E ratio, and 0.56 PEG ratio form the foundation for this argument.

This company has been one of the best performers in the stock market. Shares are up by 241% over the past year and have gained 1,328% over the past five years. The company has even notched a 19% year-to-date gain. Most indexes have eked out low-single-digit gains this year, if that.

The firm is in a class of its own and has the potential to become the worlds most valuable company. It has grown the most out of the top artificial intelligence players and leads by a wide margin.

Source: The Art of Pics / Shutterstock.com

If Nvidia wants to become the worlds most valuable publicly traded company, it will have to contend with heavyweights:Microsoft(NASDAQ:MSFT) andApple(NASDAQ:AAPL). The two stocks have been jockeying for the top spot with Microsoft having a slight edge at the time of writing.

A 70% gain over the past year and a 268% gain over the past five years make Microsoft stock look appealing for long-term investors. The companys artificial intelligence initiatives can fuel more gains and reward investors who accumulate shares.

Microsofts Azure has anAI platformthat helps developers build apps at enterprise scale. The company has built-in tools to help developers create more effective AI and construct AI workflows.

The company also benefits from the rise of AI through its investment in OpenAI and Microsoft Copilot. Copilot is a new feature that has been built into Microsoft Office Products to increase productivity. The firm is a leading AI stock that continues to deliver double-digit year-over-year revenue and earnings growth.

Source: Benny Marty / Shutterstock.com

Alphabet(NASDAQ:GOOG, NASDAQ:GOOGL) is well-known for its search engine. Google is the worlds most popular website with its own YouTube right behind it. These platforms rely on artificial intelligence to provide consumers with relevant search results. YouTube also recommends videos similar to the one the viewer is currently watching to increase the amount of time people spend on the website.

Attention is money for any company, and Alphabet has demonstrated that it can keep attention for several hours in a given day. While ad revenue is still growing, the company is diversifying into other areas, such as cloud computing, to achieve higher growth rates.

Google Cloud offers severalAI and machine learning productsto help people use generative AI, gather data, and perform other tasks. Alphabet is also at the forefront ofquantum computingthrough AI which can become the next megatrend. Quantum computing is still in its early innings, but artificial intelligence is heating up right now.

Alphabet stock gives you exposure to those sectors, the companys vast advertising business, and other business segments.

On this date of publication, Marc Guberti held long positions in NVDA and MSFT. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines.

Marc Guberti is a finance freelance writer at InvestorPlace.com who hosts the Breakthrough Success Podcast. He has contributed to several publications, including the U.S. News & World Report, Benzinga, and Joy Wallet.

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The Commission adopts its own approach on development and use of Artificial Intelligence – European Union

The Communication on the Artificial Intelligence in the European Commission (AI@EC) outlines its strategic vision to foster the internal development and use of lawful, safe and trustworthy AI.

When using or deploying AI, the Commission will:

Develop internal operational guidelines that give staff users, developers or procurers of AI systems clear and pragmatic guidance on how to put such systems in operation.

Assess and classify AI systems that the Commission is using or planning to use based on a risk-based approach and using the Commissions operational guidelines.

Refrain from using AI systems that are considered incompatible with European values or that represent a threat to the security, safety, health and fundamental rights of people.

Put in place organisational structures to fulfil the obligations of the Commission in relation to AI.

In doing so, the Commission will consider the planned EU political and legislative initiatives as well as all applicable existing legislation, including on non-discrimination, accessibility, information security and data protection. It will also consider the best practices and examples from industry at both, the national and international levels. When deciding on new IT investments, the Commission will consider the AI aspect to ensure compliance with the Commissions operational guidelines.

"We welcome the opportunity that AI brings to Commission staff to become more efficient in their daily work. We strive to modernise our systems and support public administrations in the EU in their use of trustworthy AI technologies . With the AI Act, the Commission is setting rules for harmonising the use of AI in the EU. These rules will help us too. With this Communication, we want to ensure that the Commission prepares for the implementation of the AI Act and puts in place the mechanisms that are needed for the safe and ethical use of AI in our own work."

Veronica Gaffey, Director-General for Digital Services

Keeping its focus on people, the Commission will provide its staff with access to relevant information on AI and advice and help, through training and guidelines.

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