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Artificial Intelligence

Generative AI Gaining Traction Amid Skepticism, Investment Peaks and Future Prospects

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New York, May 22, 2023 (GLOBE NEWSWIRE) — Generative AI Statistics: Since 2022, creativity has experienced rapid technological progress. Generative Artificial Intelligence (AI) is an exciting fad that has quickly spread through the web and made available for sale online. “Generative AI,” as it’s more commonly known, refers to computers and algorithms which use deep learning techniques to produce music, art and other creative outputs according to user requests. Since 2022 the field of creativity has seen rapid technological evolution.

AI (artificial intelligence) is an exciting and promising phenomenon that has taken hold across the Internet in recent years, now available online for accessing. “Generative AI,” as its name suggests, refers to algorithms and computers which employ deep learning for creating art, music and other creative outputs at the request of users. Generative Artificial Intelligence, also known as GANs, is an advanced type of machine learning. Each generative AI produces creative pieces based on user inputs and large volumes of data sets fed to it. Midjourney Dall-E and ChatGPT were among the most beloved examples in 2022 developed by OpenAI; both companies backed by Microsoft as rapidly expanding companies with rapid expansion plans.

Generative AI Statistics Editor’s Choice

  1. AI-powered search is interesting to 49% of US adults.
  2. In the United States, 31% of respondents are skeptical of AI-powered search results.
  3. Despite the current economic concerns, 63 percent of business leaders intend to boost or maintain AI spending.
  4. Sixty-one percent of respondents (Global Audience) are skeptical about artificial intelligence (AI) technologies.
  5. Darktrace security researchers found a 135% spike in social engineering attack emails in the first two months of 2023.
  6. Eighty-two percent of employees are concerned about hackers using generative AI to send phishing emails.
  7. Americans who are aware of AI-generated news articles such as those from ChatGPT saw it as a large advance, a medium advance, and no advance at all.
  8. VC firms invested $1.7 billion or more in generative AI across three years, with AI medicine discovery and software development garnering the greatest funding.
  9. By 2025, generative AI approaches will be used to develop more than 30% of newly found pharmaceuticals and materials, up from 0% now. ChatGPT and other early AI models attempt to improve creative work.
  10. Artificial intelligence will be responsible for 30% of large organizations’ outbound marketing messaging by 2025, up from less than 2% in 2022.
  11. A major blockbuster film is expected to be made in 2030, with AI accounting for 90% of the budget, up from 0% in 2022.
  12. In the United States, AI may replace 7% of occupations, while it will improve 63% of jobs while leaving 30% unaffected.
  13. From 2018 to 2022, the most often used categories in Generative AI were interfaces using natural language or 2D-media production, accounting for 29.3% and 18.8% of VC-backed deals, respectively, and 23.6% and 11.4% of total invested dollars.
  14. When it comes to AI content, 35% of marketers see concerns with ‘risk’ and ‘governance’ as a challenge.
  15. In the United States, 56% of adults believe AI-generated material is biased or deceptive.
  16. AI in the workplace can save both time and money, according to 62% of US adults.
  17. According to 47% of US adults, AI should replace unnecessary tasks at work in order to increase efficiency and production.
  18. 43% of adult workers in the United States feel AI-generated written content may be as excellent as human-authored content. 

Generative AI Use Cases for Marketers

  1. ChatGPT, word, Jasper, Copy.ai, Frase, and Quillbot are among the AI technologies used by 58.9% of marketers to optimize current content.
  2. 57.1% of firms utilize artificial intelligence tools to create long-form content (blogs, white papers, and eBooks).
  3. 55.4% of marketers use artificial intelligence tools to create short-form content for social media and product descriptions.
  4. 48.2% of marketers use Generative AI tools to generate future content ideas.
  5. 46.4% of marketers use Generative AI to generate long-form content headlines, while 44.5% use it for keyword research.
  6. According to 88% of marketers, using Generative AI saves their firm time and money.
  7. According to 88% of marketers, AI content is as good as or better than human content.

Global artificial intelligence market size 2021-2030

The artificial intelligence industry has grown significantly in recent years and is likely to increase further in the coming years. AI technologies are being embraced across a wide range of industries and applications, revolutionizing company operations and opening up new avenues for innovation.

Artificial Intelligence for Science, Medical Sciences, and Mental Wellness

  1. More than half of Americans consider the use of artificial intelligence in operations as a beneficial development. The Pew Research Center is an independent research institution.
  2. AI-assisted surgery is considered as a big medical advancement by 56% of people who are aware of it, a moderate medical advancement by 22%, and a non-advance by 5%.
  3. Those who are familiar with artificial intelligence-based skin cancer diagnosis had a positive attitude, with 52% seeing it as a significant medical advancement and 27% seeing it as a modest one.
  4. When compared to other applications, fewer Americans (30%) believe that AI-assisted pain medicine decisions are major, while 37% believe they are insignificant.
  5. Among US adults who are aware of mental health chatbots, 19% consider it a major advancement, 36% consider it a small advancement, and 25% do not consider it an advancement.

Rising Industries and Upcoming Trends in Generative AI

Generative AI in Fashion: In 2022, the global generative AI in the fashion market was valued at USD 69 Mn. Between 2023 and 2032, this market is estimated to register the highest CAGR of 36.9% and will reach a valuation of USD 1,481 Mn by 2032.

Generative AI in Fashion Market

Generative AI in Animation: In 2022, the global generative AI in Animation market was valued at USD 0.9 billion. Between 2023 and 2032, this market is estimated to register the highest CAGR of 35.7% and is expected to reach USD 17.7 billion in 2032. AI can be used for the animation process, such as creating backgrounds, visuals, and environments.

Generative AI In Animation Market

Generative AI in Business: The global Generative AI in Business Market size was valued at USD 1.2 billion in 2022 and is expected to grow at a CAGR of 33.5% during the forecast period of 2023-2032. It is predicted to reach USD 20.9 billion by 2032.

Generative AI in Business Market

Generative AI in Music: In 2022, the Global Generative AI in the Music Market was valued at USD 229 million. Between 2023 and 2032, this market is estimated to register the highest CAGR of 28.6%. It is expected to reach USD 2,660 million by 2032.

Generative AI in Music Market

Generative AI in Healthcare: In 2022, the Global Generative AI in Healthcare Market was valued at USD 0.8 billion and is expected to be valued at USD 17.2 billion in 2032. Between 2023 and 2032, this market is estimated to register the highest CAGR of 37.0%.

Generative AI in Healthcare Market

Generative AI in Fintech: Generative AI in Fintech Market will exceed USD 6,256 million by 2032, rising from USD 865 million in 2022. Furthermore, it is anticipated to achieve a Compound Annual Growth Rate (CAGR) of 22.5% between 2023 and 2032.

Generative AI in Fintech Market

Generative AI in Marketing: In 2022, the Global Generative AI in Marketing Market was valued at USD 1.9 Billion. Between 2023 and 2032, this market is estimated to register the highest CAGR of 28.6%. It is expected to reach USD 22.1 bilion in the forecast period.

Generative AI in Marketing Market

Generative AI in Gaming: In 2022, the Global Generative AI in Gaming Market was valued at USD 922 MN. Between 2023 and 2032, this market is estimated to register the highest CAGR of 23.3%. It is predicted to reach a valuation of USD 7,105 MN by 2032.

Generative AI in Conference: In 2022, the Global Generative AI in the Conference Market was valued at USD 112.5 million and is expected to reach around USD 588.7 million by 2032. Between 2023 and 2032, this market is estimated to register the highest CAGR of 18.5 %.

ChatGPT Statistics

  1. 53% of employees say their firm is now using or planning to use ChatGPT.
  2. 16% of users utilize ChatGPT, with 59% desiring to use it.
  3. 35% of clients are unaware of ChatGPT.
  4. It is useful to 86% of ChatGPT users, who use it for a variety of reasons.
  5. Telecommunications, insurance, software development, engineering, and management consulting are the top five industries that employ ChatGPT.
  6. 68% of users utilize ChatGPT to answer questions rather than search engines.
  7. AI improvements, according to 63% of ChatGPT users, would help improve the workplace.
  8. Half of ChatGPT users have worries about the influence of AI tools on the creative industry.
  9. 46% of ChatGPT users are concerned about AI bias.
  10. 50% of users would pay for ChatGPT’s premium edition.

AI’s Impact on Businesses and Performance

  1. 78% of customer service employees are optimistic about artificial intelligence (Dialpad).
  2. According to McKinsey, AI implementation has resulted in cost savings for 79% of executives.
  3. Ai-enabled contact centers are more than twice as efficient as traditional contact centers (Dialpad).
  4. Using AI increases company performance, according to 66% of customer service personnel (Dialpad).
  5. Using Codex, a code-generation tool, Deloitte developers discovered a 20% increase in code development speed (HBR).

Other AI generative stats

  1. The most popular search engine for ChatGPT is China, followed by Nepal and Singapore (Wired).
  2. OpenAI’s AI detection software’s classifier can correctly recognize 26% of AI-written text while misunderstanding human-written text as AI-written 9% of the time (OpenAI).
  3. The GPT-3 language model was created with the help of 175 billion parameters (OpenAI).

AI’s Future Potential

The future of AI is quite exciting, with enormous potential to revolutionize various facets of our life. Here are a few important areas where AI is predicted to have a large future impact:

  1. Automation: Artificial intelligence will continue to automate repetitive operations across industries, resulting in enhanced efficiency and productivity. Manufacturing, shipping, customer service, and data analysis are all examples of this.
  2. Healthcare: AI has the potential to transform healthcare by assisting in early disease identification, tailored medicine, and medication discovery. It is capable of analyzing massive volumes of medical data, assisting in diagnosis, and even providing virtual medical aid.
  3. Autonomous Vehicles: The advancement of self-driving automobiles and other autonomous vehicles is accelerating. AI is critical to these vehicles’ ability to comprehend their environment, make judgments, and travel safely.
  4. Natural Language Processing: Natural language processing (NLP) systems driven by AI will continue to evolve, allowing for more advanced voice assistants, translation tools, and language understanding skills. This will improve human-computer interaction and help to overcome linguistic hurdles.
  5. Robotics: Artificial intelligence and robotics are combining to produce smart robots capable of completing complicated tasks. These robots can be used to aid humans in a variety of tasks in areas such as manufacturing, healthcare, agriculture, and even home settings.
  6. Cybersecurity: As cyber dangers evolve, AI will become increasingly important in detecting and mitigating these risks in real-time. AI-powered cybersecurity solutions can detect patterns, anomalies, and probable breaches, hence improving digital system security.
  7. Ethical and Responsible AI: Addressing ethical problems and ensuring responsible research and deployment are equally important aspects of AI’s future. To manage AI systems, efforts will be made to minimize biases, preserve openness, safeguard privacy, and develop ethical rules.
  8. AI-assisted Creativity: Artificial intelligence (AI) techniques are rapidly being used to support and augment human creativity in industries such as art, music, and content creation. AI algorithms can create unique artwork, produce music, and even assist in the creation of articles or books.

About Us:

Market.us Scoop, the premier source for comprehensive, accurate, and unbiased statistics in the rapidly evolving domains of technology, automotive, artificial intelligence, and beyond. Our mission is to empower you with the data and insights you need to make well-informed decisions, stay ahead of the curve, and drive innovation.

Founded in 2017, Market.us Scoop is the brainchild of a group of passionate data enthusiasts, industry experts, and storytellers who understand the transformative power of data. With backgrounds in data science, journalism, and research, our team is dedicated to demystifying complex subjects and making them accessible to all.

At Market.us Scoop, we recognize the importance of data integrity and strive to provide you with the most up-to-date, reliable, and relevant information. We meticulously gather and analyze data from an extensive network of reputable sources, ensuring that our statistics meet the highest standards of accuracy and credibility. Our in-depth reports cover a wide range of topics, including emerging technologies, market trends, consumer behavior, industry analysis, and much more.


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Artificial Intelligence

More than $9 Million Awarded to High School Scientists and Engineers at the Regeneron International Science and Engineering Fair 2024

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Grace Sun, 16, receives $75,000 Top Award for a new kind of organic electrochemical transistor at the world’s largest pre-college science, technology, engineering and math (STEM) competition.
TARRYTOWN, N.Y. and WASHINGTON, May 17, 2024 /PRNewswire/ — Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) and Society for Science (the Society) announced that Grace Sun, 16, of Lexington, Kentucky, won the $75,000 top award, the George D. Yancopoulos Innovator Award, named in honor of the pioneering drug researcher and Regeneron co-Founder, Board co-Chair, President and Chief Scientific Officer, in the 2024 Regeneron International Science and Engineering Fair (Regeneron ISEF), the world’s largest pre-college science and engineering competition. Other top prizes went to projects in second-order cone programming, microplastics filtration and multi-sensory therapy for dementia.

The top winners were honored during two award ceremonies: the Special Awards on May 16 and the Grand Awards Ceremony on the morning of May 17. In total, over $9 million USD was awarded to the finalists based on their projects’ creativity, innovation and depth of scientific inquiry. The competition featured nearly 2,000 young scientists representing 49 U.S. states and nearly 70 countries, regions and territories across the world.
Grace Sun, 16, of Lexington, Kentucky, won first place and received the $75,000 George D. Yancopoulos Innovator Award for her research on building a better organic electrochemical transistor that she hopes will be used to develop new electronic devices that could help detect and treat serious illnesses like diabetes, epilepsy and organ failure. To overcome the problems that have previously prevented such devices from working effectively inside the body, Grace developed a new way of chemically treating their organic components, which greatly improved their laboratory performance.
Michelle Wei, 17, of San Jose, California, received one of two Regeneron Young Scientist Awards of $50,000 for her research to improve the speed and efficiency of a type of software that is useful in many fields such as machine learning, transportation and financial systems. Michelle’s new approach involved determining a quick approximate solution to the second-order cone programming problem, then splitting the initial cone into smaller cones, which enabled her new algorithm to greatly outperform previous approaches.
Krish Pai, 17, of Del Mar, California, received the second Regeneron Young Scientist Award of $50,000 for his machine-learning research to identify microbial genetic sequences that can be modified to biodegrade plastic. His new software, called Microby, scans databases of microorganisms and determines which ones can be changed genetically to biodegrade plastics. In tests, he identified two microorganisms that can be genetically modified to degrade plastic at a cost he believes would be ten times less than traditional recycling.
 “Congratulations to the Regeneron International Science and Engineering Fair 2024 winners,” said Maya Ajmera, President and CEO, Society for Science and Executive Publisher, Science News. “I’m truly inspired by the ingenuity and determination shown by these remarkable students. Coming from around the world with diverse backgrounds and academic disciplines, these students have shown that it is possible to come together in unity to tackle some of the toughest challenges facing our world today, and I could not be prouder.”
Regeneron ISEF provides a global stage for the world’s best and brightest young scientists and engineers. Through this competition, Regeneron and the Society are fostering the next generation of STEM leaders who are pioneering solutions to improve our world. Since 2020, Regeneron has provided STEM experiences to approximately 2.4 million students, on track to meet its goal of 2.5 million by 2025.
“The talent, intelligence and potential of this year’s Regeneron ISEF finalists is truly inspiring, and I congratulate each on their remarkable achievements,” said George D. Yancopoulos, M.D., Ph.D., co-Founder, Board co-Chair, President and Chief Scientific Officer of Regeneron. “Science competitions like ISEF were pivotal in shaping my own career and fueling my passion to fight back against disease. I look forward to seeing these students continue to push the boundaries of science and technology to create positive and sustainable change for all humanity.”
Other top honors from the competition include:
Justin Huang and Victoria Ou, both 17, of Woodlands, Texas, received the Gordon E. Moore Award for Positive Outcomes for Future Generations of $50,000 for their new prototype filtration system that uses ultrasonic waves to remove microscopic plastic particles from water. In lab tests, the acoustic force from the high-frequency sound waves removed between 84% and 94% of the suspended microplastic particles in a single pass. The students are now working to scale up and fine-tune their experimental system.
Ingrid Wai Hin Chan, 17, of Hong Kong, China received the Craig R. Barrett Award for Innovation of $10,000 for her research on using a multi-sensory therapy for dementia patients. Her mixed therapy app would allow patients to practice physical and cognitive skills through a personalized, immersive environment using virtual reality headsets. Ingrid conducted an eight-week study with six people living with dementia and found that the cognitive function of patients who used her prototype improved in several areas. She believes her app could serve as a viable option for dementia patients with limited access to in-person professional therapy.
Tanishka Balaji Aglave, 15, of Valrico, Florida, received the H. Robert Horvitz Prize for Fundamental Research of $10,000 for her investigation into a natural alternative treatment against citrus greening, a disease that threatens citrus farming in many parts of the world and is currently only treated with antibiotics. Tanishka injected the trunks of infected trees with an extract from the curry leaf tree, and found through tests that this potential method could effectively and sustainably manage citrus greening disease.
Maddux Alexander Springer, 18, of Honolulu, Hawaii, received the Peggy Scripps Award for Science Communication of $10,000 for his research into fibropapillomatosis (FP), a disease that is the primary cause of death in green sea turtles. Some turtles he studied in Kaneohe Bay, Hawaii, were stricken with a disease that causes internal and external tumors that inhibit their everyday lives. After analyzing the turtles’ diet of green algae, Maddux concluded that this disease, wastewater, invasive algae and the amino acid arginine all pose a grave risk to these endangered sea creatures.
Ria Kamat, 17, of Hackensack, New Jersey; Anna Oliva, 17, of Houston, TX; and Shuhan Luo, 18, of Worcester, MA, received the Dudley R. Herschbach SIYSS Award, which provides finalists an all-expense paid trip to attend the Stockholm International Youth Science Seminar during Nobel Week in Stockholm, Sweden.
Jack Shannon, 18, of Clane, Kildare, Ireland, and Nikhil Vemuri, 17, of Cary, North Carolina, received the EU Contest for Young Scientists Award. Their projects will represent Regeneron ISEF at the EU Contest for Young Scientists to be held this September in Katowice, Poland.
For more information about the top winners and access to visual assets visit:  https://www.societyforscience.org/isef-2024-media-kit.
The full list of Special Award ISEF 2024 Finalists can be found at https://www.societyforscience.org/press-release/regeneron-isef-2024-special-awards-winners.
In addition to the Top Award winners, more than 450 finalists received awards and prizes for their innovative research, including “First Award” winners, who each received a $5,000 prize.
The following lists the First Award winners for each of the 22 categories, from which the Top Awards were chosen:
Animal Sciences, sponsored by Society for ScienceMaddux Alexander Springer, Honolulu, Hawaii
Behavioral and Social Sciences, sponsored by Society for ScienceAndrew Y. Liang, San Jose, California
Biochemistry, sponsored by RegeneronAmy Hong Xiao, Garden City, New York
Biomedical and Health Sciences, sponsored by RegeneronRia Kamat, Hackensack, New Jersey; Kevin Xuan Lei, Shanghai, China
Biomedical Engineering, sponsored by Alfred E. Mann CharitiesAyush Garg, Dublin, California; Divij Motwani, Palo Alto, California; Akash Ashish Pai, Portland, Oregon
Cellular and Molecular Biology, sponsored by RegeneronLara and Maya Sarah Hammoud, Beverly Hills, Michigan
Chemistry, sponsored by Society for ScienceAkilan Sankaran, Albuquerque, New Mexico; Arjun Suresh Malpani and Siddharth Daniel D’costa, Portland, Oregon
Computational Biology and Bioinformatics, sponsored by RegeneronKun-Hyung Roh, Bronx, New York
Earth and Environmental Sciences, sponsored by Google.orgNikhil Vemuri, Durham, North Carolina; Justin Yizhou Huang and Victoria Ou, The Woodlands, Texas
Embedded Systems, sponsored by HPChloe Rae and Sophie Rose Filion, Welland, Ontario, Canada
Energy: Sustainable Materials and Design, sponsored by Siemens EnergyAlia Wahban, Hamilton, Ontario, Canada
Engineering Technology: Statics and Dynamics, sponsored by Howmet Aerospace FoundationChiyo Nakatsuji, Bunkyoku, Tokyo, Japan; Kevin Shen, Olympia, Washington
Environmental Engineering, sponsored by JacobsKrish Pai, San Diego, California; Jack Shannon, Clane, Kildare, Ireland
Materials Science, sponsored by Howmet Aerospace FoundationGrace Sun, Lexington, Kentucky
Mathematics, sponsored by Akamai FoundationAnna Oliva, Houston, Texas
Microbiology, sponsored by Schattner FoundationMatthew Chang, Irvine, California
Physics and Astronomy, sponsored by Richard F. Caris Charitable Trust IIHarini Thiagarajan and Vishal Ranganath Yalla, Bothell, Washington; Shuhan Luo, Worcester, Massachusetts
Plant Sciences, sponsored by Society for SciencePauline Estrada, Fresno, California; Tanishka Balaji Aglave, Dover, Florida
Robotics and Intelligent Machines, sponsored by RegeneronMichal Lajciak, Dubnica nad Vahom, Trenciansky kraj, Slovakia; Anthony Efthimiadis, Oakville, Ontario, Canada
Systems Software, sponsored by MicrosoftMichelle Wei, San Jose, California
Technology Enhances the Arts, sponsored by Society for ScienceAnant Khandelwal, Sritan Motati and Siddhant Sood, Alexandria, Virginia
Translational Medical Science, sponsored by RegeneronZheng-Chi Lee, West Lafayette, Indiana; Ingrid Wai Hin Chan, Hong Kong, China
The full list of all award-winning ISEF 2024 finalists is available here: https://www.societyforscience.org/press-release/regeneron-isef-2024-full-awards.
View all the finalists’ research here: https://projectboard.world/isef.
About the Regeneron International Science and Engineering FairThe Regeneron International Science and Engineering Fair (Regeneron ISEF), a program of Society for Science for over 70 years, is the world’s largest global science competition for high school students. Through a global network of local, regional and national science fairs, millions of students are encouraged to explore their passion for scientific inquiry. Each spring, a group of these students is selected as finalists and offered the opportunity to compete for approximately U.S. $9 million in awards and scholarships.
In 2019, Regeneron became the title sponsor of ISEF to help reward and celebrate the best and brightest young minds globally and encourage them to pursue careers in STEM to positively impact the world. Regeneron ISEF is supported by a community of additional sponsors, including Akamai Foundation, Alfred E. Mann Charities, Aramco, Caltech, Google.org, Gordon and Betty Moore Foundation, Howmet Aerospace Foundation, HP, , Jacobs, King Abdulaziz & his Companions Foundation for Giftedness and Creativity, Microsoft, National Geographic Society, Richard F. Caris Charitable Trust II, Rise, an initiative of Schmidt Futures and the Rhodes Trust, Schattner Foundation, Siemens Energy, Annenburg Foundation, Ballmer Group, Broadcom Foundation, Cesco Linguistic Services, Conrad N. Hilton Foundation, Edison International, Insaco, Oracle Academy, The Eli and Edythe Broad Foundation, The Ralph M. Parsons Foundation and US Army ROTC. Many are entrepreneurs across a wide range of industries. Learn more at https://www.societyforscience.org/isef/.
About Society for ScienceSociety for Science is a champion for science, dedicated to promoting the understanding and appreciation of science and the vital role it plays in human advancement. Established in 1921, Society for Science is best known for its award-winning journalism through Science News and Science News Explores, its world-class science research competitions for students, including the Regeneron Science Talent Search, the Regeneron International Science and Engineering Fair and the Thermo Fisher Scientific Junior Innovators Challenge, and its outreach and equity programming that seeks to ensure that all students have an opportunity to pursue a career in STEM. A 501(c)(3) membership organization, Society for Science is committed to inform, educate and inspire. Learn more at www.societyforscience.org and follow us on Facebook, Twitter, Instagram and Snapchat (Society4Science).
About RegeneronRegeneron (NASDAQ: REGN) is a leading biotechnology company that invents, develops and commercializes life-transforming medicines for people with serious diseases. Founded and led by physician-scientists, our unique ability to repeatedly and consistently translate science into medicine has led to numerous approved treatments and product candidates in development, most of which were homegrown in our laboratories. Our medicines and pipeline are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, neurological diseases, hematologic conditions, infectious diseases and rare diseases. 
Regeneron believes that operating as a good corporate citizen is crucial to delivering on our mission. We approach corporate responsibility with three goals in mind: to improve the lives of people with serious diseases, to foster a culture of integrity and excellence and to build sustainable communities. Regeneron is proud to be included on the Dow Jones Sustainability World Index and the Civic 50 list of the most “community-minded” companies in the U.S. Throughout the year, Regeneron empowers and supports employees to give back through our volunteering, pro bono and matching gift programs. Our most significant philanthropic commitments are in the area of early science education, including the Regeneron Science Talent Search and the Regeneron International Science and Engineering Fair (ISEF).
For more information, please visit www.Regeneron.com or follow Regeneron on LinkedIn, Instagram, Facebook or X.
More information about the top winners and access to visual assets visit:  https://www.societyforscience.org/isef-2024-media-kit.
Media ContactsJoseph Brown, [email protected]
Gayle Kansagor, Society for [email protected]
Photo – https://mma.prnewswire.com/media/2416174/Regeneron_ISEF_2024_Winners_Photo.jpg 
Logo – https://mma.prnewswire.com/media/2416197/Society_for_Science_Logo.jpg 

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Artificial Intelligence

J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Announce Winner of Inaugural 2024 Life Sciences Innovation Summit

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In conjunction with Abu Dhabi Global Healthcare Week 2024
ABU DHABI, UAE, May 17, 2024 /PRNewswire/ — J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Group announced today Rayees Rahman of Harmonic Discovery as the winner of the inaugural J.P. Morgan Asset Management: Life Sciences Innovation Summit. Harmonic Discovery is a precision pharmacology company applying its generative chemistry platform to advance next-generation kinase inhibitors.

In partnership with the Department of Health – Abu Dhabi (DoH), the Summit took place on May 14-15, 2024 at Cleveland Clinic Abu Dhabi and showcased the 11 innovative finalists, as well as highlighted existing innovators and opportunities in the Emirate of Abu Dhabi. The event also featured keynote speeches from Dr. Laurie Glimcher of Dana-Farber Cancer Institute, Dr. Shahrukh Hashmi of the Department of Health – Abu Dhabi, and Dr. David Ho of Columbia University Medical Center and provided attendees networking opportunities to gain valuable insights into the future of life sciences innovation. 
In addition, the jury designated Chun-Hao Huang of Algen Biotechnologies as honourable mention. Algen Biotechnologies is a platform therapeutics and drug discovery company using world-leading CRISPR and AI to find treatments for cancer, inflammation and metabolic diseases.
The winners were selected by an esteemed, international panel of judges, which included:Laurie Glimcher, MD, President and CEO at Dana-Farber Cancer InstituteJorge Guzman, MD, CEO at Cleveland Clinic Abu DhabiProf. Shahrukh Khurshid Hashmi, MD, Director of Research, Department of Health, Abu DhabiYasmine Hayek Kobeissi, PhD, CQF, BSc., Executive Director at Blue Horizon AdvisorsAnya Schiess, Managing Partner at J.P. Morgan Life Sciences Private CapitalWalid Zaher, PhD, Co-Founder and CEO, Carexso
Dr. Asma Al Mannaei, Executive Director of the Research and Innovation Centre at the Department of Health – Abu Dhabi said: “Under the directives of the UAE’s wise leadership, and renowned for its world-leading medical infrastructure, Abu Dhabi stands at the forefront of healthcare excellence, offering an unparalleled opportunity for advancement in healthcare for global partners. It was our utmost pleasure hosting the J.P. Morgan Asset Management Life Sciences Innovation Summit 2024 on the sidelines of Abu Dhabi Global Healthcare Week and we commend the winners for their pioneering efforts in driving impactful advancements in healthcare; their dedication to innovation not only transforms the landscape of medicine, but also holds the promise of improving lives worldwide.” 
Stephen Squinto, PhD, Chief Investment Officer, J.P. Morgan Life Sciences Private Capital said: “We are thrilled with the level of biotech passion and innovation that we observed at this year’s Summit in Abu Dhabi. The energy was truly palpable we are thrilled to announce Rayees Rahman as the winner of our first Life Sciences Innovation Summit. Harmonic Discovery’s approach embodies the next generation of drug discovery and development. We appreciate the time and effort of all participants and cannot wait for our next event in the region.”
Nabil Kobeissi, Chief Executive Officer of Blue Horizon Advisors, said: “As the main sponsor, we are committed to nurturing and fostering the growth of all 11 finalists in this vibrant biotech ecosystem. This Summit marks the beginning of a transformative journey, and we are confident that it will pave the way for a flourishing hub in the region. We are also pleased to announce that we will commit to invest in and partner with the winner, Harmonic Discovery, to support its future growth in the region.”
Sponsors for the event included J.P. Morgan Life Sciences Private Capital, J.P. Morgan Commercial Bank, Blue Horizon Advisors, United Al Saqer Group, Thermo Fisher Scientific, and Salam Capital. The Summit organisation, logistics and finalist recruitment were facilitated by Lyfebulb.
Of importance, at the Summit, Mr. Mohamed Al Breiki, Executive Director of Sustainable Development at Masdar City, announced that Masdar City Free Zone would award all 11 Finalists complimentary business licenses to further support their establishment in the region. Masdar City is one of the world’s most sustainable urban developments and innovation hubs with a growing focus on life science entrepreneurship in Abu Dhabi.

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Artificial Intelligence

Congregating in the Lion City for a Win-Win Future of Intelligent Computing at the Global Data Center Facility Summit 2024

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SINGAPORE, May 17, 2024 /PRNewswire/ — On May 17, 2024, the Global Data Center Facility Summit 2024 was held in Singapore with the theme of “Power the Digital Era Forward.” At the summit, over 600 data center industry leaders, technical experts, and ecosystem partners gathered to discuss new trends and opportunities of the global data center industry in the intelligent computing era. The attendees also got to experience all-scenario, all-ecosystem, and all-service end-to-end (E2E) solutions, share innovative practices of green data centers in the Asia Pacific and Europe, and experience the exhibition vehicle to unveil the mystery of Outdoor PowerPOD that features one power system per container. By fully embracing the intelligent computing era, Huawei strives to power the digital era forward.

Seizing Opportunities Brought by AI and Jointly Building Green & Reliable Computing Infrastructure
At the opening speech, Charles Yang, Senior Vice President of Huawei and President of Marketing, Sales and Services, Huawei Digital Power, noted that since ChatGPT ushered in the AI era, large models keep pushing the limits of computing power and the intelligent computing industry is witnessing an unprecedented construction boom. As predicted, 100 GW will be added to the global data center installed capacity and the market value will exceed US$600 billion in the next five years.
According to Charles, with opportunities come challenges. The primary challenge concerning the data center industry is reliability and electricity. Data centers are scaling up from the MW-level to the GW-level. E2E reliability of data centers is becoming even more important than ever. In response to the opportunities, Huawei will work with customers and partners to expand the industry space.
Steering Data Centers to the AI Era with Product + Service + Ecosystem
During the summit, Sun Xiaofeng, President of Huawei Data Center Facility & Critical Power Business, delivered a speech titled “Power the Digital Era Forward. ” He stated that as AI large models are penetrating, the surging compute demands drive the expansive growth in data center.
To address the challenges, Huawei strives to build product + service + ecosystem E2E data center solutions that feature fast deployment, flexible cooling, green energy, and ultimate reliability.
Fast deployment: Data centers are fully modularized and prefabricated to ensure high quality and efficient construction.Flexible cooling: Air-liquid fusion and integrated cooling source emerges as the optimal cooling architecture for intelligent computing.Green energy: New generation-grid-load-storage integrated solution is built to ensure the sound operations of intelligent computing centers.Ultimate reliability: Data centers are safeguarded through reliable products and preventive protection.Currently, Huawei’s global service network covers more than 170 countries with over 1800 professional engineers, providing 24/7 technical support. With N+ flagship service centers, Huawei has built a one-hour service radius for its customers.
The ecosystem is a key part for a win-win future of intelligent computing. Huawei works with partners to develop comprehensive E2E solutions and provide customers with one-stop data center services.
During the summit, Huawei and the ASEAN Centre for Energy released a white paper on “Building Next Generation Data Center Facility in ASEAN.” The document provides insights into the status quo, challenges, and trends of data centers in the ASEAN region, and emphasizes that efficient and energy-saving products and solutions should be applied. It also proposes future-oriented policy recommendations for data center markets.
In the ecosystem exhibition area, Huawei showcased scenario-based solutions for large-, medium-, and small-sized data centers, and demonstrated data center consulting, design, integrated development, and delivery capabilities with dozens of ecosystem partners including CIMC, Weichai, CSCEC, and Huashi.
On a special note, the Huawei Outdoor PowerPOD exhibition vehicle made its global debut. The Huawei Outdoor PowerPOD features one power system per container, outdoor deployment, plug-and-play, and high protection rating and reliability. It has become the preferred choice for decoupling the power supply architecture.
A single tree cannot make a forest.
AI is presenting great opportunities. By delving into the industry, aggregating partner ecosystems, and making innovations applicable to transformations, Huawei will continue to help customers build reliable computing infrastructure, accelerating the industry to embrace AI and powering the digital era forward.
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View original content:https://www.prnewswire.co.uk/news-releases/congregating-in-the-lion-city-for-a-win-win-future-of-intelligent-computing-at-the-global-data-center-facility-summit-2024-302148973.html

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