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Nvidia CEO donates $50 million to Oregon State University, which promptly builds a $200 million supercomputing center

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Nvidia founder and CEO Jensen Huang and his wife, Lori, have donated $50 million to their alma mater, Oregon State University, to advance research in AI, climate science and robotics. The university will use the donation to build an engineering complex with an AI supercomputer to help students and faculty address some of the world’s most pressing challenges.

As a civil engineer, Scott Ashford used explosives to make the ground under Japan’s Sendai airport safer in an earthquake.

Now, as the dean of the engineering college at Oregon State University, he’s at ground zero of another seismic event.

In its biggest fundraising celebration in nearly a decade, Oregon State announced plans today for a $200 million center where faculty and students can plug into resources that will include one of the world’s fastest university supercomputers.

The 150,000-square-foot center, due to open in 2025, will accelerate work at Oregon State’s top-ranked programs in agriculture, computer sciences, climate science, forestry, oceanography, robotics, water resources, materials sciences and more with the help of AI. [Read more…] about Nvidia CEO donates $50 million to Oregon State University, which promptly builds a $200 million supercomputing center

SprutCAM X integrates ChatGPT technologies to make robot simulation easier

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The new version of SprutCAM X has integrated ChatGPT technologies based on the OpenAI API to provide an AI virtual assistant to help engineers with CNC machining tasks.

SprutCAM Tech is excited to announce the release of the update of SprutCAM X, the easy to learn and use powerful CAD/CAM software for next generation makers.

The just-released update of SprutCAM X integrates an AI virtual assistant that will help users with various aspects of CAM workflow. The AI assistant is based on ChatGPT technologies.

The AI wizard is called Éncy and it greets the user with the following message: “Hi, I’m Éncy, your SprutCAM X AI assistant. Ask away, and I’ll be happy to help.” [Read more…] about SprutCAM X integrates ChatGPT technologies to make robot simulation easier

European retail giant Otto Group to install more than 100 Covariant robots at fulfilment centres

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Otto Group, one of the largest online retailers in Europe, is entering into a long-term strategic partnership with Covariant, an AI robotics company. 

Covariant’s AI-powered robots will be used to automate a wide range of manual fulfilment activities that require hand-eye coordination and object manipulation – supporting Otto Group to enhance services for its customers and to take another important step towards a digitalized and AI-driven future.

The Otto Group will deploy Covariant robots to increase operational efficiency, build resilience against labour market challenges, and improve the overall quality of work within their fulfilment centres. [Read more…] about European retail giant Otto Group to install more than 100 Covariant robots at fulfilment centres

automatica opens door to climate-neutral, highly economical production through AI and digitization

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Digitization and AI have become a matter of intense public discourse. However, this leads to more questions than answers.

This is where automatica, held from June 27 to 30, 2023, comes in with its digital solutions and components from the fields of robotics, machine vision, and assembly technology.

It’s a place where visitors gain first-hand knowledge of how these technologies can increase the efficiency, safety, and sustainability of industrial production. [Read more…] about automatica opens door to climate-neutral, highly economical production through AI and digitization

The Impact of AI and ChatGPT on Crypto and the Finance Niche

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When we take a moment to consider just how the world has changed in the last ten years, it’s no secret that tech is going to be the biggest theme throughout a host of industries; one of the biggest being the finance niche.

With the inception of digital currencies and blockchain functionality, it seems that innovations no one could have predicted just a decade ago are disrupting the industry almost every week.

One such revolution has had an unforeseen impact and that’s the development of AI, specifically the chatbot ChatGPT – and as a result, the current and future implications for both fiat and digital currencies are the hot topic of 2023. [Read more…] about The Impact of AI and ChatGPT on Crypto and the Finance Niche

The Challenges and Potential of Computer-Generated Images

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Artificial Intelligence (AI) has transformed the way we approach many aspects of our lives, and one area where it is making a significant impact is in image generation.

With the ability to produce highly realistic and original images, AI has opened up new possibilities for artistic expression, scientific research, and commercial applications.

However, the process of generating AI images is not without its challenges, from biases and incomplete data to the potential for unpredictable or surreal results. [Read more…] about The Challenges and Potential of Computer-Generated Images

Data Annotation as the Key to Successful AI Implementation

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Today, AI is transforming every industry, from healthcare to finance, from transportation to retail.

While a successful AI strategy has the potential to revolutionize the way we live and work, it always depends on the quality of the data used to train the models.

And this is where we need data annotation. Annotating data serves the function of telling machine learning models specifically what we want them to perceive. [Read more…] about Data Annotation as the Key to Successful AI Implementation

Recycling company EverestLabs raises $16 million and reports 200 percent growth

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EverestLabs, developer of RecycleOSSM, which it claims is “the first AI-enabled operating system for material recycling facilities” (MRFs), has reported its key milestones accomplished in 2022.

Successes included rapid customer growth with key recycling facilities, such as North America’s largest commingled recycling facility, more than 200 percent deployment growth for the second year in a row, and the closing of Series A funding that will fuel expansion.

JD Ambati, founder and CEO of EverestLabs, says: “2022 was a year of tremendous growth for EverestLabs, thanks in large part to our customers, partners and employees. [Read more…] about Recycling company EverestLabs raises $16 million and reports 200 percent growth

ITU planning ‘world’s first press conference featuring humanoid social robots’

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The International Telecommunications Union’s upcoming AI for Good Global Summit will include what the organization says is “the world’s first press conference featuring humanoid social robots”.

At this “unprecedented media event”, nine robots and their creators will be available for questions from reporters in Geneva, Switzerland on 7 July.

Over 40 specialized robots demonstrating capabilities ranging from fighting fires and building houses to providing healthcare and farming sustainably will also be on display during the full event running from 6 to 7 July at the International Conference Centre Geneva (CICG). [Read more…] about ITU planning ‘world’s first press conference featuring humanoid social robots’

BrainBox AI receives $20 million investment from Québec Government and ABB. Then decides to buy ABB business unit

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BrainBox AI, a developer of autonomous building technology, has raised $20 million to support the continued development of BrainBox AI’s decarbonization technology and its global commercialization efforts.

The company raised the funds from the Government of Québec, the lead investor for 10 million US dollars; and ABB, a returning lead investor and global partner to BrainBox AI.

Sam Ramadori, CEO at BrainBox AI, says: “We are grateful for this significant investment from the Québec Government and ABB. Having their support propels our mission to provide commercial real estate owners and retailers around the globe with a scalable and impactful decarbonization tool. [Read more…] about BrainBox AI receives $20 million investment from Québec Government and ABB. Then decides to buy ABB business unit