According to a new study, integrating AI into the business sector is proving to be lucrative. While business adoption has been slower than predicted, 71% of surveyed companies are implementing AI. AI projects are completed in less than a year, with businesses seeing an average return of $3.50 for every dollar spent on AI. Lack…

Elon Musk’s startup xAI will release its first AI products on November 4th to a select group. Musk claims that in “important respects,” xAI surpasses all existing AI. xAI aims to understand the true nature of the universe and collaborate with X, Tesla, and other entities. Its team includes researchers from companies like DeepMind and…

Microsoft researchers have introduced a novel framework called the “Large Search Model” (LSM) that aims to revolutionize online search engines. By combining multiple components, the LSM utilizes Large Language Models (LLMs) to improve search results. The model can be customized for different search tasks using natural language prompts and can adapt to specific situations. The…

Woodpecker is a new AI framework developed by Chinese researchers to address hallucinations in Multimodal Large Language Models (MLLMs). It offers a training-free alternative to mitigate inaccuracies in text descriptions generated by MLLMs. The framework consists of five stages, emphasizing transparency and interpretability. Woodpecker significantly improves accuracy and performance over baseline models in benchmark evaluations,…

The UK government plans to invest £225 million (or $273 million) to build its most powerful AI supercomputer, Isambard-AI. The supercomputer, named after Isambard Brunel, will be built by The University of Bristol with the help of Hewlett Packard. Isambard-AI will deliver over 200 petaFLOPS of double-precision performance and will be used in fields like…

During an “in conversation” event at the Business Connect Summit, UK Prime Minister Rishi Sunak and Tesla CEO Elon Musk discussed the future of artificial intelligence (AI) and its impact on society. Musk stated that AI could eliminate the need for human work, allowing people to choose work based on personal fulfillment. They also talked…

This week’s AI news roundup includes highlights such as the UK AI Safety Summit, the release of President Biden’s executive order on AI, the potential for unregulated AI development on the high seas, and Big Tech’s role in defining AI safety standards. Other topics covered are the Western-centric nature of AI datasets, the impact of…

NASA has released a ChatGPT SuperPrompt called BIDARA to guide engineers through the biomimicry design process. The process involves defining the problem, finding the equivalent challenge in nature, discovering natural models, abstracting design strategies, and emulating nature’s lessons. BIDARA is complemented by NASA’s open-source platform called PeTaL, which utilizes AI to explore biology for human…

UC San Diego researchers have developed a new framework called DYffusion for spatiotemporal forecasting using a diffusion model. The framework incorporates a temporal inductive bias to reduce learning times and memory requirements. It produces accurate probabilistic ensemble predictions for high-dimensional data and outperforms traditional Gaussian diffusion models. The researchers also compare the computational requirements and…