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AI model improves speed and accuracy of heart MRI analysis
Jul 12,2024
Researchers from the Universities of East Anglia, Sheffield, and Leeds have developed an AI model to examine heart images from MRI scans. The model uses a four-chamber plane view to quickly and accurately determine the size and function of the heart'...
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Chinese e-commerce struggles amid economic slowdown
Jul 12,2024
Chinese e-commerce faces survival challenges amidst slowing growth and increasing price pressures as platforms vie for cost-conscious consumers with aggressive sales tactics. The once-booming sector, characterised by extravagant shopping events, is n...
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TCS shares rise on Q1 results, sector optimism
Jul 12,2024
Tata Consultancy Services saw its shares rise nearly 3% following its first-quarter results, signalling a potential turnaround for India's IT services sector, which has faced sluggish demand. The IT index also surged 3.4%, its highest level since Jan...
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SoftBank group acquires AI chipmaker Graphcore
Jul 12,2024
SoftBank Group, the Japanese multinational investment holding company, has acquired Graphcore, a British AI chipmaker, in a strategic business move that ends speculation about Graphcore's future amid financial struggles. Once positioned as a competit...
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US lawmakers question Microsoft's $1.5B AI investment
Jul 12,2024
Republican lawmakers have requested an intelligence assessment from the Biden administration regarding Microsoft's$1.5 billion investment in UAE-based AI firm G42. Concerns have been raised over the potential transfer of sensitive technology and G42'...
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Slack marks decade milestone with AI integration
Jul 11,2024
Slack, the pioneering workplace communication app, marks a decade of evolution with significant advancements in AI. Originally renowned for transforming business communication away from traditional emails, Slack now integrates AI tools aimed at enhan...
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Amazon enhances AI tools to tackle misinformation
Jul 11,2024
Amazon has announced significant updates to its AI technologies aimed at addressing hallucinations, a pervasive challenge hindering adoption across industries. Vasi Philomin, Amazon's vice president of GenAI, highlighted enhancements including increa...
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Helsing raises E 450 million funding for AI defence of NATO's eastern front
Jul 11,2024
Helsing, a startup focused on AI software for defence, has raised E450 million ($487 million) to expand its operations in European nations near Russia. Founded in 2021, the company develops software to enhance the capabilities of weapons and improve ...
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French startup unveils AI model for disease diagnosis
Jul 11,2024
French startup Bioptimus has unveiled an AI model, H-optimus-0, designed to assist in disease research and diagnosis. The AI model, trained on hundreds of millions of images, can perform complex tasks such as identifying cancerous cells and detecting...
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Intuit to cut 1,800 jobs, focus on AI investments
Jul 11,2024
Intuit, the parent company of TurboTax, has announced plans to reduce its workforce by 10%, affecting approximately 1,800 jobs. This move comes as Intuit shifts its focus towards enhancing its AI-powered tax preparation software and other financial t...
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OpenAI and Los Alamos collaborate on AI research
Jul 11,2024
OpenAI is partnering with Los Alamos National Laboratory, most famous for creating the first atomic bomb, to explore how AI can assist scientific research. The collaboration will evaluate OpenAI's latest model, GPT-4o, in supporting lab tasks and emp...
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Healthcare experts demand transparency in AI use
Jul 11,2024
Healthcare professionals, including researchers and clinicians, are keen to incorporate AI into their daily work but demand greater transparency regarding its application. A survey by Elsevier reveals that 94% of researchers and 96% of clinicians bel...
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