Artificial Intelligence
Standard Uranium Completes Spring/Summer Drill Program at Flagship Davidson River Project, Announces Engagement of GoldSpot Discoveries
VANCOUVER, British Columbia, July 21, 2022 (GLOBE NEWSWIRE) — Standard Uranium Ltd. (“Standard Uranium” or the “Company”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to announce that the spring/summer drill program on the Company’s flagship Davidson River Project (“Davidson River” or the “Project”) has been successfully completed ahead of schedule, under budget, and with intersections of elevated radioactivity. The 25,886-hectare Project is situated within the Southwest Athabasca Uranium District of Saskatchewan. The focused drill program followed up on prospective structures and alteration intersected during previous programs and tested brand new target areas.
The Company is also pleased to announce the engagement of GoldSpot Discoveries Corp. (“GoldSpot”) (TSX-V: SPOT) (OTCQX: SPOFF) in a partnership to develop new and advanced drill targets on all five of the Company’s projects. Standard Uranium is pleased to be the first uranium company to collaborate with GoldSpot’s expert team of geoscientists and data scientists and utilize cutting-edge exploration techniques through a variety of traditional and machine learning applications.
Key Focus Points:
- Davidson River diamond drill program successfully executed, totalling 4,107.7 metres in 10 drill holes.
- Elevated radioactivity and significant structural and lithological signatures of a basement-hosted uranium-bearing system were intersected.
- Highly deformed and graphitic structural zones identified several new priority follow-up targets along the Thunderbird and Bronco trends.
- Multi-kilometre portions of the conductive corridors on the property remain to be tested.
- Through engagement of GoldSpot Discoveries, the Company will extract further value from existing data sets in addition to new prospective intersections from the 2022 program.
The fourth drill program at Davidson River focused on testing the Thunderbird conductor for the first time as well as following up on prospective graphitic structural zones intersected along the Bronco conductor in 2021 (Figure 1). Summer 2022 drilling on the Project has confirmed the presence of broad, graphitic shear zones overprinted by zones of strong brittle faulting and intense alteration, normally associated with basement-hosted uranium mineralization, along the Bronco and Thunderbird conductors (Figures 2 through 6).
Jon Bey, CEO and Chairman stated: “It is well understood that Tier-one uranium discoveries are incredibly difficult to find. Our technical team have been very successful in hitting targets that reveal the ideal geological environment for uranium mineralization, which leads us to believe we are getting closer to a major discovery.
While identifying high quality drill targets below extensive cover, we recognize drilling on the Davidson River project is very complex and I would like to congratulate the Base Diamond Drilling team for delivering drilling results that exceeded our expectations and completing the program ahead of schedule and under budget. We look forward to again working with the Base team for our 2023 drill programs as we continue to hone-in on a high-grade basement hosted deposit.
We are also pleased to announce that we will be adding to our technical capability with the high-tech expertise of GoldSpot Discoveries who we expect will assist in refining our future drill targets via the use of their proprietary artificial intelligence software.”
Vincent Dube-Bourgeois, CEO of GoldSpot stated, “We are very excited to partner with the team at Standard Uranium. In this current global climate, the benefits of nuclear energy have never been clearer. Our senior staff bring years of Athabasca-based uranium exploration experience and the combination of that expertise, and our machine learning targeting makes this a very exciting opportunity. We look forward to the long-term partnership with Standard Uranium and working together on both on asset specific and regional scale uranium targeting.”
Figure 1. Plan map of Davidson River highlighting spring/summer 2022 drill holes along the Bronco and Thunderbird conductors.
Davidson River – Spring/Summer 2022 Drill Program Geology Highlights
- DR-22-032; Bronco Conductor
- 370 m step-out along strike southeast of DR-21-028.
- Rubbly chloritic fault zone from 165.8 to 182.0 m, hosting mosaic and crackle breccias with local fault gouge.
- Intensely graphitic fault zone in mylonitic pelitic gneiss intersected from 210.3 to 212.1 m.
- A 60 m lithological offset between DR-22-032 and DR-21-028/DR-21-031, indicates significant reverse faulting along the Bronco conductor.
- DR-22-033A; Thunderbird Conductor
- Collared on the northern extension of the Thunderbird conductor designed to test an electromagnetic (“EM”) bright spot and inferred conductor break.
- Intersection of hydrothermal alteration zone associated with graphitic shear and strong hematite-limonite oxidation fronts from 162.4 to 166.5 m – Commonly associated with high-grade uranium mineralization (Figure 2).
- Intersection of multiple stacked graphitic shear and fault zones between 307.9 to 370.8 m.
- No significant radioactivity.
- DR-22-034A; Bronco Conductor
- 470 m step-out along strike southeast of DR-21-027.
- Brittle-ductile graphitic fault zone intersected from 384.5 to 392.0 m with massive quartz veining indicating significant dilation and fluid flow within the structure.
- Elevated radioactivity intersected from 390.4 to 391.4 m within the structure, reaching 250 cps (Figure 3).
- Strongly graphitic fault zone within semi-pelitic gneiss from 442.0 to 444.4 m.
- DR-22-035; Thunderbird Conductor
- 280 m step-out along strike northwest of abandoned hole DR-21-029A.
- Moderate to locally strong graphitic-sulphidic mylonite zones throughout (259.0 to 263.0 m, sporadically between 430.0 and 487.0 m).
- Carbonatite intrusions intersected from 349.95 m to end of hole with metasomatic alteration halos.
- Local radioactive peak of 233 cps at 425.05 m; no significant radioactivity.
- DR-22-036; Bronco Conductor
- 610 m step-out along strike southeast of DR-22-034A.
- Intersection of weakly bleached clay-, chlorite-, and hematite-replaced zone below unconformity contact from 175.8 to 182.0 m.
- Elevated radioactivity was observed within a biotite-pegmatite from 344.5 to 345.0 m; reaching 380 cps.
- Intersection of significant graphitic structure zone with sericitic alteration and local cataclastic fault gouge from 412.0 to 442.5 m (Figure 4).
- Elevated radioactivity intersected from 445.25 to 445.75 m; reaching 250 cps.
- DR-22-037; Thunderbird Conductor
- 470 m step-out along strike southwest of DR-22-033A.
- Clay altered fault zone observed from 109.9 to 110.5 m; proximal to unconformity contact.
- Intersection of multiple deformed graphitic metapelite structures ranging from 1.0 to > 5.0 m in drill hole thickness.
- No significant radioactivity.
- DR-22-038; Bronco Conductor
- 65 m up-dip target east of DR-22-036.
- Intersection of highly deformed graphitic metapelite structures ranging from 1.0 to >5.0 m in drill hole thickness – from 366.0 to 395.0 m.
- Elevated radioactivity (maximum 300 cps) and smoky quartz veins observed within sheared graphitic metapelite from 375.0 to 375.5 m (Figure 5).
- Elevated radioactivity was intersected within a pegmatite from 355.5 to 356.0 m; with a maximum of 380 cps.
- DR-22-039; Thunderbird Conductor
- 75 m down-dip target south-west of DR-22-033A.
- Intersection of hydrothermal hematite-limonite oxidation fronts within relatively shallow structure (Figure 6).
- Intersection of highly deformed graphitic metapelite with reactivated fault gouge and cataclasite structures.
- No significant radioactivity.
Figure 2. A) The first Thunderbird drill hole on the Davidson River project, DR-22-033A, showing strong structurally controlled hematite-limonite alteration (redox fronts); 163.5m. B) Strong “worm-rock” textured hematite-limonite alteration overprinting graphitic shear planes; DR-22-033A; 163.6m.
Figure 3. Elevated radioactivity within a strongly graphitic-sulphidic shear zone intersected in DR-22-034A; Up to 250 cps. Overprinting hydrothermal quartz veins and cataclastic breccias indicate repeated deformation and strong fluid flow along the Bronco conductor.
Figure 4. Elevated radioactivity within the footwall of a ~35m-wide graphitic-sulphidic deformation zone intersected in DR-22-036; Up to 250 cps. Massive hydrothermal quartz veins indicate dilation within the conductor and strong fluid flow during reactivation of graphitic basement faults.
Figure 5. Elevated radioactivity within the lower shear zone of stacked graphitic structures intersected in DR-22-038 (yellow outlines); Up to 300 cps. Strong reactivation is evident through the structures, indicated by formation of fault gouge and brecciation. Sericitic alteration is present throughout the zones in addition to smoky quartz veins.
Figure 6. Shallow zone of hydrothermal alteration with structurally controlled hematite-limonite oxidation fronts and pervasive clay alteration intersected in DR-22-039.
The spring/summer drill program was designed to follow-up on the most prospective basement structures and alteration zones intersected during the 2020 and 2021 programs and begin testing new target areas along the major exploration trends on the Project. Collar information is summarized in Table 1. Several kilometres of graphitic conductors remain to be tested at Davidson River. Exploration on the Project to date has confirmed lithological and structural parallels between the uranium-fertile Patterson Lake corridor and the Davidson River conductive trends, bolstering the Company’s confidence in continued exploration success on the Project.
Table 1. Summer 2022 drill hole collar summary. Easting and Northing coordinates are reported in UTM Zone 12N, NAD83 datum; EOH = end of hole; m.a.s.l. = metres above sea level.
| DDH | Trend | Easting | Northing | Elevation (m.a.s.l.) |
Azimuth (°) |
Dip (°) |
EOH (m) |
||||
| DR-22-032 | Bronco | 569013.2 | 6388419.7 | 478.7 | 070 | -70 | 483.00 | ||||
| DR-22-033* | Thunderbird | 560250.0 | 6392842.3 | 491.3 | 057 | -65 | 96.00 | ||||
| DR-22-033A | Thunderbird | 560250.2 | 6392841.8 | 490.0 | 057 | -70 | 421.00 | ||||
| DR-22-034* | Bronco | 569371.7 | 6387045.7 | 554.3 | 070 | -70 | 178.00 | ||||
| DR-22-034A | Bronco | 569368.1 | 6387045.0 | 556.5 | 070 | -70 | 492.00 | ||||
| DR-22-035 | Thunderbird | 561023.2 | 6391626.7 | 476.1 | 040 | -70 | 501.00 | ||||
| DR-22-036 | Bronco | 569458.0 | 6386441.0 | 554.4 | 083 | -70 | 493.65 | ||||
| DR-22-037 | Thunderbird | 560542.7 | 6392471.2 | 477.5 | 055 | -70 | 420.00 | ||||
| DR-22-038 | Bronco | 569521.3 | 6386449.7 | 554.2 | 083 | -70 | 468.00 | ||||
| DR-22-039 | Thunderbird | 560207.7 | 6392777.5 | 487.0 | 053 | -65 | 555.00 |
*Drill hole restarted due to difficult ground conditions.
Priority follow-up targets are being planned and are scheduled to be drilled in 2023. Continuing exploration plans for the Project include updating the geological models and utilization of new machine learning technologies to further refine geophysical interpretation and prioritize drill hole targeting with data-driven science. Davidson River contains significant blue-sky potential to make a high-grade, basement-hosted uranium discovery.
Now that the Company has broadly drill-tested all the main conductive corridors on the Project, the Company can fully leverage GoldSpot’s leading edge targeting tools to further incorporate drill data with geophysics and geochemistry. Backed by Standard Uranium’s industry-leading team, GoldSpot’s experts will work with the Company to produce refined targeting in conjunction with their machine learning applications. Standard Uranium is pleased to be the first uranium explorer in the Athabasca Basin to partner with GoldSpot and utilize their technology in a geologically information-rich environment where a lot of the exploration is carried out drilling through cover.
Sean Hillacre, Vice President of Exploration commented: “I am extremely pleased with how effective our team and contractors were this program. Base Drilling did an amazing job and maintained incredible production rates, and we’ve seen the most prospective rocks to date come out of Bronco and Thunderbird this summer.
“The scale of the structural deformation we’re observing in addition to the favorable alteration assemblages indicating fluid movement through the structures is fantastic. As we know with these basement-hosted systems, with the structures and alteration we’re seeing, we could be within 75m of a major discovery. Our technical team is very much looking forward to building on everything we’ve learned to date on the Project and sharpening our pencils in collaboration with GoldSpot as we continue building towards discovery.”
Drill core samples from all Davidson River drill holes have been submitted to the Saskatchewan Research Council (“SRC”) Geoanalytical Laboratory in Saskatoon, Saskatchewan, for whole-rock, multi-element and U3O8 analyses. Geochemical assay results will be released as they are received and examined by the technical team in accordance with the Company’s internal quality control process.
The scientific and technical information contained in this news release, including the sampling, analytical and test data underlying the technical information contained in this news release, has been reviewed, verified, and approved by Sean Hillacre, P.Geo., VP Exploration of the Company and a “qualified person” as defined in NI 43-101.
About Standard Uranium (TSX-V: STND)
We find the fuel to power a clean energy future
Standard Uranium is a mineral resource exploration company based in Vancouver, British Columbia. Since its establishment, Standard Uranium has focused on the identification and development of prospective exploration stage uranium projects in the Athabasca Basin in Saskatchewan, Canada.
Standard Uranium’s Davidson River Project, in the southwest part of the Athabasca Basin, Saskatchewan, is comprised of 21 mineral claims over 25,886 hectares. Davidson River is highly prospective for basement hosted uranium deposits yet remains relatively untested by drilling despite its location along trend from recent high-grade uranium discoveries. A copy of the NI 43-101 technical report titled “Updated Technical Report on the Davidson River Property, Northwest Saskatchewan, Canada” with an effective date of March 16, 2020, that summarizes the exploration on Davidson River is available for review under Standard Uranium’s SEDAR profile (www.sedar.com).
For further information contact:
Jon Bey, Chief Executive Officer, and Chairman
550 Denman Street, Suite 200
Vancouver, BC V6G 3H1
Tel: 1 (306) 850-6699
E-mail: [email protected]
Cautionary Statement Regarding Forward-Looking Statements
This news release contains “forward-looking statements” or “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this news release. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategy”, “goals”, “objectives”, “forecasts”, “budget”, “schedule”, “potential”, “possible” or variations thereof or stating that certain actions, events, conditions or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements.
Forward-looking statements include, but are not limited to, statements regarding: the timing and content of upcoming work programs; geological interpretations; timing of the Company’s exploration programs; and estimates of market conditions.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Certain important factors that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements include, among others: general economic conditions in Canada and globally; industry conditions; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in the mining industry; the development of the COVID-19 global pandemic; changes in tax laws and incentive programs relating to the mining industry. This list is not exhaustive of the factors that may affect the Company’s forward-looking statements. There may be other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. See the section entitled “Risk and Uncertainties” in the Company’s management discussion and analysis for the fiscal year ended April 30, 2021, dated August 19, 2021 for additional risk factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, if untrue, could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by the Company at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies that may cause the Company’s actual financial results, performance, or achievements to be materially different from those expressed or implied herein. Some of the material factors or assumptions used to develop forward-looking statements include, without limitation: the future price of uranium; anticipated costs and the Company’s ability to raise additional capital if and when necessary; volatility in the market price of the Company’s securities; future sales of the Company’s securities; the Company’s ability to carry on exploration and development activities; the success of exploration, development and operations activities; the timing and results of drilling programs; the discovery of mineral resources on the Company’s mineral properties; the costs of operating and exploration expenditures; the Company’s ability to identify, complete and successfully integrate acquisitions; the Company’s ability to operate in a safe, efficient and effective manner; health, safety and environmental risks; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); uncertainties related to title to mineral properties; assessments by taxation authorities; fluctuations in general macroeconomic conditions.
The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Any forward-looking statements and the assumptions made with respect thereto are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Artificial Intelligence
Key Tech Stocks Optimizing AI Usability and Infrastructure for a $20-Trillion Future
USA News Group CommentaryIssued on behalf of Avant Technologies Inc.
VANCOUVER, BC, June 21, 2024 /PRNewswire/ — USA News Group – Several big winners have been made already in the ongoing artificial intelligence (AI) revolution. However, there’s clearly none bigger than chipmaking giant NVIDIA Corporation (NASDAQ: NVDA), which just surpassed two of its big tech peers to become the most valued publicly-traded company on the planet. To put it into perspective, NVIDIA’s market cap is currently larger than each of Europe’s largest stock markets, while lucky investors who bet $1000 on NVIDIA stock just ten years ago would be sitting on an extra $297,600 today. Now as analysts are predicting that AI and cryptocurrency could inject $20 trillion into the global economy by 2030, the best minds in the tech sector are moving their pieces into place to secure their piece of the pie. Behind the scenes, tech stocks are optimizing the infrastructure, security, and usability of AI, including new developments from Avant Technologies Inc. (OTCQB: AVAI), International Business Machines Corporation (IBC) (NYSE: IBM), Cloudflare, Inc. (NYSE: NET), and Accenture plc (NYSE: ACN).
Known as a pioneer in the sector for its innovative AI technology, Avant Technologies Inc. (OTCQB: AVAI) has improved its main product, Avant AI™. This sophisticated AI system, celebrated for its advanced machine and deep learning capabilities, is adaptable across a wide range of industries.
In a recent strategic development, Avant has signed a Binding Letter of Intent (BLOI) with Flow Wave, LLC (FW), a Florida-based leader in immersible computer server technology. This agreement allows Avant to acquire up to 50 cutting-edge immersible computer servers from FW in a deal valued at $50 million.
“Avant’s revolutionary AI software platform is poised to transform the landscape of data center management,” said William Hisey, CEO of Avant. “By integrating proprietary machine learning algorithms with open-source innovations into these servers, Avant is developing a highly intelligent system designed to optimize resource allocation, enhance performance, and drive unprecedented levels of efficiency and automation. This marks the beginning of a new era for Avant Technologies, positioning us at the forefront of the supercomputer-driven data center industry and setting new standards for managing and storing AI applications.”
Flow Wave Immersible AI Supercomputer Servers are great for heavy AI and machine learning tasks because they have strong processing power, meaning they can analyze data faster and more efficiently. Their special cooling technology uses less energy, saving money and reducing environmental impact. The servers are also compact and easy to set up, making them ideal for data centers with limited space. Plus, their design helps them last longer and require less maintenance.
Avant plans to tackle the challenges of the digital age by buying up to 50 of these high-performance servers from Flow Wave. These servers, with their advanced cooling technology, boost performance and save energy. This deal shows Avant’s dedication to providing top-notch AI infrastructure and improving efficiency. More details about the transaction will be shared once a definitive agreement is finalized.
One of the most active tech giants in the AI space is International Business Machines Corporation (IBC) (NYSE: IBM), which recently released a new methodology through its IBM Research® wing called LAB (Large-Scale Alignment for ChatBots), through an open-source project called InstructLab with its subsidiary Red Hat®, which IBM acquired for $34 billion in 2019. The InstructLab project builds on the LAB technique for a community-driven approach to language model development through skills and knowledge training.
As well, IBM has teamed up with WPP and LinkedIn to launch a new business-to-business (B2B) solution powered by IBM’s AI and data platform watsonx, designed to reinvent how B2B markets identify and engage clients and prospects across the buying journey. WPP Open for B2B will help marketers solve complex B2B marketing challenges, accurately identify and engage buying groups, and improve clients’ return on investment.
“B2B marketers have been focused on creating truly personalized, relevant and consistent experiences for buying groups at scale for years,” said Jonathan Adashek, Senior Vice President of Marketing and Communications at IBM. “Our collaboration with WPP and LinkedIn provides real-time, actionable insights that are based on trusted data. We are excited to create and use these new, powerful and trusted AI solutions to deliver a force multiplier for B2B marketing.”
Cloud-based security solution provider Cloudflare, Inc. (NYSE: NET) recently announced the general availability of its AI Gateway platform, dubbed as a unified interface for managing and scaling the generative AI workloads of clients. Since its beta launch in September 2023, AI Gateway has handled over 500 million requests and is now ready for full client use.
The general availability release followed upon another Cloudflare announcement of a collaboration with Hugging Face, the leading open and collaborative platform for AI builders, for a one-click-simple global deployment for AI applications. With its Workers AI platform now generally available, Cloudflare became the first serverless inference partner integrated on the Hugging Face Hub for deploying models, enabling developers to quickly, easily, and affordably deploy AI globally, without managing infrastructure or paying for unused compute capacity.
“Workers AI is one of the most affordable and accessible solutions to run inference,” said Matthew Prince, CEO and co-founder, Cloudflare. “With Hugging Face and Cloudflare both deeply aligned in our efforts to democratize AI in a simple, affordable way, we’re giving developers the freedom and agility to choose a model and scale their AI apps from zero to global in an instant.”
Reporting impressive generative AI revenues in its latest Q3 2024 fiscal results has caused shares of Accenture plc (NYSE: ACN) to jump this week, reporting more than $900 million in generative AI bookings in the latest quarter alone.
“Our actions to stay laser-focused on the needs of our clients are clear in our third quarter results,” said Julie Sweet, Chair and CEO of Accenture. “We… achieved two significant milestones this quarter — with $2 billion in Generative AI sales year-to-date and $500 million in revenue year-to-date — which demonstrate our early lead in this critical technology.”
Prior to the financial report, Accenture announced its intent to acquire Italian-based network services company, Fibermind, which specializes in fiber and mobile 5G networks deployment, as well as infrastructure engineering services. Together, Accenture and Fibermind will offer clients network engineering capabilities, deep industry knowledge, and technology assets powered by automation, robotics, data and AI.
Prior to its surge into the position as the world’s most valuable publicly-traded company, NVIDIA Corporation (NASDAQ: NVDA) made a pair of announcements, further cementing its role in the AI revolution.
The first was the announcement of its NVIDIA Omniverse Cloud Sensor RTX, a set of microservices that enable physically accurate sensor simulation to accelerate the development of fully autonomous machines of every kind, allowing developers to test sensor perception and associated AI software at scale in physically accurate, realistic virtual environments prior to real-world deployment.
The second announcement was the NVIDIA AI Computing by HPE, a portfolio of AI solutions and joint go-to-market integrations that enable enterprises to accelerate adoption of generative AI, co-developed with Hewlett Packard (HP).
“Generative AI and accelerated computing are fueling a fundamental transformation as every industry races to join the industrial revolution,” said Jensen Huang, Founder and CEO of NVIDIA. “Never before have NVIDIA and HPE integrated our technologies so deeply – combining the entire NVIDIA AI computing stack along with HPE’s private cloud technology – to equip enterprise clients and AI professionals with the most advanced computing infrastructure and services to expand the frontier of AI.”
All NVIDIA AI Computing offerings by HPE will be available through a combined marketing strategy involving sales teams, channel partners, and training. This strategy includes a global network of system integrators such as Deloitte, HCLTech, Infosys, TCS, and Wipro. These integrators will assist enterprises across various industries in running complex AI workloads.
Source: https://usanewsgroup.com/2023/10/26/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/
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TIANJIN, China, June 21, 2024 /PRNewswire/ — On June 20th, Tianjin hosted the opening of the 2024 World Intelligence Expo (WIE). Under the theme “Intelligence: Expansive Development Space, Sustainable Growth Driver,” the event was co-organized by the people’s governments of the Tianjin and Chongqing municipalities.
Chinese President Xi Jinping sent a congratulatory letter to the expo, pointing out that AI, as an important driving force for a new round sci-tech revolution and industrial transformation, will have a far-reaching impact on global economic and social development and human civilization progress. In his letter, Xi also noted that China has attached great importance to the development of AI, actively driven the deep integration of the Internet, big data and AI with real economy to cultivate and build the intelligent industry, accelerate the development of new quality productivity, and provide new momentum for high-quality development.
Chen Min’er, secretary of the CPC Tianjin Committee, addressed the opening ceremony of the expo. Wan Gang, chairman of China Association for Science and Technology, delivered the keynote speech. Hu Henghua, mayor of Chongqing; Wu Zhaohui, vice president of Chinese Academy of Sciences; Liu Liehong, head of the National Data Administration; Long Teng, vice minister of the Ministry of Science and Technology; and Shan Zhongde, vice minister of the Ministry of Industry and Information Technology, addressed the expo, respectively. Tianjin Mayor Zhang Gong presided over the opening ceremony.
In his speech, Chen Min’er pointed out that Tianjin has been adhering to sci-tech innovation and industrial innovation at the same time, actively propelling exploration and practical applications in the realm of AI, and accelerating the development of new quality productivity to better empower its high-quality development and living. Chen added, “Leading sci-tech innovation with intelligence, Tianjin will rev up the R&D and application of some key core technologies, vigorously develop the sci-tech service sector, streamline the supply and demand channels for sci-tech achievements, boost sci-tech and innovation parks to improve their quality and efficiency, and accelerate the inter-sector application of AI to help innovation and breakthroughs in the fields of life science, low-carbon technology, and future research.
According to Hu Henghua, Chongqing is speeding up in digital industrialization and industrial digitization to build itself into a new digital economy highland. The 2025 World Intelligence Expo is scheduled to be held in Chongqing. Hu invited everyone to delineate a new AI landscape together, share golden opportunities during the digitization of Chongqing, and co-build a promising future in the AI era.
Wu Zhaohui suggested strengthening the inter-discipline cooperation to consolidate the AI research foundation, enriching AI scenarios with applets, and deepening industry-institute interactions to build an AI innovation ecosystem.
Zeng Yi, chairman of China Electronics Corporation; Chen Zhongyue, chairman of China Unicom; Yang Yuanqing, chairman and CEO of Lenovo; and Zhou Hongyi, founder of Qihoo 360 delivered speeches.
Contact: Xing MeiqiTel: 0086-22-28209030E-mail: [email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/2024-world-intelligence-expo-begins-with-a-grand-opening-in-tianjin-302179192.html
Artificial Intelligence
Tech Developers Pioneering AI Tools to Revolutionize Future Productivity and Logistics
USA News Group CommentaryIssued on behalf of Scope AI Corp.
VANCOUVER, BC, June 21, 2024 /PRNewswire/ — USA News Group – How we embrace this surging adoption of artificial intelligence (AI) in the economy of the future remains up for debate. Already, we’re seeing the impact of AI adoption in the workplace, in culture, and in finance, but it won’t end there. According to Goldman Sachs, AI is showing “very positive” signs of eventually boosting GDP and productivity, while some experts are remarking that the generative AI tech wave is sweeping in much faster (maybe 10x) than early internet. Behind the scenes, tech developers are building AI-powered tools that could potentially revolutionize productivity and logistics in the future, with recent developments coming from Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF), Meta Platforms, Inc. (NASDAQ: META), Amazon.com, Inc. (NASDAQ: AMZN), Microsoft Corporation (NASDAQ: MSFT), and SoundHound AI, Inc. (NASDAQ: SOUN, SOUNW).
As deep machine learning evolves rapidly, Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF) has rebranded and shifted its market focus to target sectors such as advertising, gaming, and neural networks with its advanced GEM (General Enterprise Machine Learning) technology.
Scope AI’s ongoing development of GEM aims to assist businesses in creating custom object detection and visual information systems, maximizing the potential of neural networks. The company’s strategic initiatives are set to potentially revolutionize advertising personalization, gaming enhancements, and various applications of neural networks.
Recently, Scope AI unveiled significant enhancements to GEM, designed to better serve advertising agencies and the gaming industry. These updates aim to optimize advertising content and improve gameplay experiences through advanced neural network functionalities. By the end of May, Scope AI had announced its collaboration with several leading ad agencies and ad networks, to gain insights into the primary challenges these organizations face in analyzing the efficacy of different ad creatives and page layouts, as well as the difficulties and costs associated with testing.
The timing of Scope AI’s assistance in advertising couldn’t be better, as global advertising executives are currently struggling with the injection of AI into their sphere. The worry is that if everyone is using AI for their images, nothing stands out. This is where Scope AI’s potential with GEM rises, in helping these ad execs to better discern their ad campaigns, and how to deliver them.
“Our approach is to start with the pain points of our potential users and build solutions based on those insights,” said James Young, CEO of Scope AI Corp. “We believe in understanding the real-world challenges faced by our partners, rather than falling into the common software trap of ‘build it and they will come.’ This collaboration ensures that GEM is not just another tool, but a solution that addresses the specific needs of the advertising community.”
GEM’s enhanced object visual recognition capabilities are intended to provide businesses with deeper insights and more precise solutions. Consequently, advertisers may potentially analyze consumer behavior more effectively and refine their campaigns, while game developers could create more engaging and immersive user experiences.
“We’re very pleased at how seamless we were able to streamline, enhance, and strengthen our platform with the latest performance and security upgrades made to our infrastructure,” said Sean Prescott, Founder and Non-Executive Chairman of Scope AI. “The next generation of our platform will set us apart in what kind of data and its sensitivity we can process and store. It’s a potential game-changer for the industry.”
Social media platform giant Meta Platforms, Inc. (NASDAQ: META) recently announced an initiative to release new AI research models in order to accelerate innovation at scale. As per the initiative, Meta’s Fundamental AI Research team is publicly releasing several models to accelerate future research and allow others to innovate and apply AI at scale.
According to the accompanying Meta blog post, the company states, “We believe that access to state-of-the-art AI creates opportunities for everyone.”
Meanwhile, however, Meta has also been asked to delay training its AI on data from users in the European Union. After intervention by the Irish Data Protection Commission, Meta now must delay its plan to train its large language models on Facebook and Instagram content from EU users.
“We’re disappointed by the request from the Irish Data Protection Commission (DPC), our lead regulator, on behalf of the European DPAs, to delay training our large language models (LLMs) using public content shared by adults on Facebook and Instagram — particularly since we incorporated regulatory feedback and the European DPAs have been informed since March,” wrote Stefano Fratta, Global Engagement Director for Privacy Policy for Meta in a blog post. “This is a step backwards for European innovation, competition in AI development and further delays bringing the benefits of AI to people in Europe.”
Meanwhile, Amazon.com, Inc. (NASDAQ: AMZN) seems undeterred in Europe, expanding its generative AI listing tools to sellers across the continent. As per the expansion, sellers in France, German, Italy, Spain, and the UK can now leverage the power of generative AI to greatly simplify the process of product listing creation as well as enriching existing product listings to better resonate with customers and help drive sales.
“These generative AI-powered tools simplify the listing creation process, allowing sellers to generate compelling product titles, descriptions, and other details by simply providing a few descriptive words or just uploading a product image,” said Amazon in the accompanying blog post. “We suggest product listings that are high-quality and designed to be engaging for customers in our store. This streamlines operations and allows sellers to focus on other aspects of their business.”
Amazon has long utilized AI to assist its selling partners by pioneering personalized product recommendations based on customer behavior, enabling sellers to highlight relevant products. Advanced machine learning models are used for demand forecasting and inventory management, helping sellers avoid stock shortages. AI-powered pricing tools provide dynamic pricing insights, while recent innovations include generating rich Premium A+ Content and augmented reality visualizations. In fulfillment centers worldwide, AI helps stock products locally to ensure faster deliveries and greater availability of everyday essentials. In Europe, AI reduced the average package travel distance by 25kms in 2023, enhancing delivery speed and sustainability.
Microsoft Corporation (NASDAQ: MSFT) recently decided to delay the release of its Recall AI feature on PCs, based on security concerns. The Recall feature logs activities from web browsing to voice chats, creating a searchable history on the user’s computer. This allows users to easily find and recall actions from months ago.
Experts are already labeling Microsoft as a “frontrunner in the generative AI race”, with analysts expecting big things from the software giant, citing a “strong competitive cloude edge” coming, as they estimate Microsoft’s Copilot deployments could add around $25 billion to the company’s trajectory by fiscal year 2025.
Together with LinkedIn, Microsoft also released the 2024 Work Trend Index on the State of AI at Work, titled “AI at work is here. Now comes the hard part.”
“Generative AI tools have found widespread acceptance in the workplace, and we can see that most employees have placed their trust in AI to help with their daily workloads – without waiting to see if their organization will provide AI tools, services, or directions and guidelines for usage,” said Dhanawat Suthumpun, Managing Director of Microsoft Thailand. “It is critical that business leaders respond to this emerging trend in order to help both the organization and employees make the most beneficial impact from AI – from increased productivity and new capabilities to greater security from well-defined guidance around AI use.”
Global leader in voice artificial intelligence SoundHound AI, Inc. (NASDAQ: SOUN, SOUNW) recently announced the acquisition of key assets from Allset, an online ordering platform that connects restaurants and local customers, to fast-track its vision of a voice commerce ecosystem. Allset is a food ordering platform designed for local pick-up, providing a seamless, cost-effective dining experience that allows both consumers and restaurants to bypass the high fees charged by delivery apps. SoundHound is already a market leader for restaurant voice AI solutions, working with over 10,000 restaurant locations.
“We are thrilled to join forces with SoundHound to combine our established partnerships and marketplace expertise with SoundHound’s class-leading voice AI solutions and capabilities,” said Stas Matviyenko, CEO and Co-Founder of Allset. “From the beginning, we realized that we share the same vision for the voice commerce ecosystem that elevates the consumer experience. This team-up will accelerate our progress toward the next exciting phase of AI-powered ordering convenience.”
Article Source: https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/
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