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AI Development Accelerates: Market Watch on Emerging AI Innovations

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USA News Group CommentaryIssued on behalf of Scope AI Corp.
VANCOUVER, BC, June 13, 2024 /PRNewswire/ — The future of artificial intelligence (AI) is unfolding before our eyes. Actions made today will undoubtedly pave the way for the AI road ahead, with calls for more AI regulation, energy and grid security, and AI employee protections. All the while, investment in AI is surging, with Generative AI Venture Capital Investment on track to reach $12 billion in 2024, according to analysts at EY. Meanwhile McKinsey is predicting that generative AI alone could generate $2.6 trillion to $4.4 trillion in value across industries. This is why the market is keen on monitoring the advancements of AI developers, including Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF), Meta Platforms, Inc. (NASDAQ: META), Alphabet Inc. (NASDAQ: GOOG, GOOGL), Microsoft Corporation (NASDAQ: MSFT), and Amazon.com, Inc. (NASDAQ: AMZN).

With rapid advancements in deep machine learning, Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF) has rebranded and shifted its market focus. The company is now directing its state-of-the-art GEM (General Enterprise Machine Learning) technology towards crucial sectors such as advertising, gaming, and neural networks.
Their ongoing development of GEM is working toward enabling businesses to create custom object detection and visual information systems, harnessing the full potential of neural networks. Scope AI’s strategic efforts aim to transform the fields of advertising personalization, gaming enhancements, and the various applications of neural networks.
Recently, Scope AI has unveiled significant enhancements to GEM, aimed at improving services for advertising agencies and the gaming sector. These upgrades allow GEM to refine advertising content and boost gameplay experiences with sophisticated neural network features. The improvements also strengthen the platform’s object visual recognition capabilities, enabling businesses to gain more profound insights and deploy more accurate solutions. With better object detection and visual information systems, advertisers can more effectively analyze consumer behavior and optimize their campaigns, while game developers can craft 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. “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.”
Scope AI has introduced significant upgrades to their GEM platform, aiming to revolutionize the advertising and gaming industries with new advanced features and deeper insights. The intuitive web interface of GEM allows users—from developers to large enterprises—to easily implement sophisticated object detection systems and develop real-time neural network models.
In the advertising sector, GEM’s enhanced visual recognition technology facilitates the creation of highly targeted and engaging advertisements. This advancement leads to more efficient ad spending and higher customer engagement levels, transforming how ads are crafted and delivered.
For the gaming industry, Scope AI’s GEM platform is set to redefine player experiences. By analyzing player behavior through neural networks, GEM customizes gameplay and recommendations, providing developers with critical insights to improve game design, enhance player retention, and generate new revenue streams. These upgrades position GEM as a crucial tool for both industries, offering innovative solutions and driving forward technological progress.
In what seems to be a controversial move, Meta Platforms, Inc. (NASDAQ: META) is reportedly set to use social media posts from Europe to train its Llama large language models. In an interview with Reuters, Meta’s top policy executive said that the company uses public Facebook and Instagram posts to train its Llama models, while excluding private posts and messages shared only with friends.
Also noteworthy, is a CNBC report that claims an investment firm called IFiAI that uses IBM’s Watsonx to help make projections about the short-term directions of stocks, has predicted big upside in Meta Platforms in the coming month. One of the new announcements already shared this month, is the plan for Meta to introduce free AI chatbots on its popular WhatsApp messenger platform.
“They need to find a way to show investors with some degree of conviction that there is a there there,” said Mark Shmulik, an analyst for Bernstein. “An AI-powered chatbot inside of business messaging feels like a great place to deploy it. You might be able to find product market fit sooner than you will on smart glasses.”
Google parent Alphabet Inc. (NASDAQ: GOOG, GOOGL) launched a flurry of announcements in May that demonstrated the tech giant’s ambitions to beef up its AI search and chatbot options. Google’s latest innovations include the addition of Flash to its Gemini 1.5 AI model family, designed to be faster and more cost-effective. Another breakthrough is Project Astra, a prototype capable of conversing with users about anything their smartphone camera captures in real time. Additionally, Google has introduced search results organized under AI-generated headlines.
“This is a moment of growth and opportunity,” said Sundar Pichai, CEO of Alphabet, when asked if the AI updates could risk Google’s profitable business.
Additionally, Google is introducing AI Overviews to all U.S. users for its search function this week, following extensive public testing since last year’s I/O event. This feature leverages generative AI to compile information and address more complex queries that lack straightforward answers on the web.
“The AI Overviews launch reception this week will be an indicator of how well Google can adapt its Search product to meet the demands of the generative AI era,” said Jacob Bourne, analyst of eMarketer. “To maintain its competitive edge and satisfy investors, Google will need to focus on translating its AI innovations into profitable products and services at scale.”
After an outcry regarding privacy concerns, Microsoft Corporation (NASDAQ: MSFT) recently backtracked on a plan to have its new AI-powered PCs utilize a “Recall” feature that would capture and store screenshots of users’ desktop activities. Moving on from the controversy, it appears Microsoft is now considering a big new software bundle plan to monetize AI features in its popular productivity software suite Microsoft 365, according to sources as reported by Business Insider.
Meanwhile, the market is paying close attention to an ongoing investigation by the Federal Trade Commission (FTC) regarding a deal with AI startup Inflection. The FTC is investigating whether Microsoft’s investment in Inflection should have been classified as an acquisition that the company failed to disclose to the government, according to a source reported by CNN.
“Our agreements with Inflection gave us the opportunity to recruit individuals at Inflection AI and build a team capable of accelerating Microsoft Copilot, while enabling Inflection to continue pursuing its independent business and ambition as an AI studio,” said a Microsoft spokesperson in a statement to CNN, adding that the company is “confident” it has complied with its reporting obligations.
For eCommerce and data center giant Amazon.com, Inc. (NASDAQ: AMZN), its subsidiary Amazon CloudWatch recently announced the general availability of natural language query generation powered by generative AI for Logs Insights and Metrics Insights. This feature allows users to effortlessly create queries within the context of their logs and metrics data using plain language. By streamlining the query generation process, it enables the user to quickly derive insights from observability data without requiring deep knowledge of the query language.
Amazon’s subsidiary Amazon Web Services (AWS) also recently debuted 2 new AI certifications to train more people and give them an edge in the pursuit of the growing number of in-demand cloud jobs. The AWS certifications include the AWS Certified AI Practitioner foundation-level certification, and the AWS Certified Machine Learning Engineer – Associate certification for individuals with at least a year of experience building, deploying, and maintaining AI and ML solutions on AWS. To date, AWS provides over 100 courses and learning resources in AI, ML, and generative AI through AWS Skill Builder and AWS Educate, equipping learners for the future of work.
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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InterSystems TrakCare and InterSystems IRIS for Health to underpin deployment of fully unified future-ready AI-driven healthcare ecosystem at NEOM

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RIYADH, Saudi Arabia, July 24, 2024 /PRNewswire/ — InterSystems, a creative data technology provider dedicated to helping customers solve their most critical scalability, interoperability, and speed challenges, and NEOM, the sustainable development taking shape in northwest Saudi Arabia, today announced a groundbreaking partnership to revolutionize the healthcare experience within NEOM.

The partnership enables NEOM to deploy InterSystems TrakCare® across its healthcare facilities, which currently include one hospital and 41 clinics. TrakCare is a unified health information system that provides clinical, administrative, and financial information as a single source of truth for each patient and offers enhanced clinical decision support capabilities.
Additionally, by the end of 2024 InterSystems IRIS® for Health will centralize NEOM’s clinical application data to facilitate the development of innovative health programs. InterSystems IRIS for Health is a comprehensive, cloud-first digital health development platform that provides all the building blocks needed for Machine Learning and to work with practically any healthcare data standard, including HL7® FHIR®.
By adding IRIS for Health to their health ecosystem NEOM will significantly enhance the overall individual’s experience and move towards realizing NEOM’s ‘one patient, one record’ approach.
As a flexible and powerful healthcare information system TrakCare equips NEOM with extensive data capabilities, and as a digital health development platform IRIS for Health facilitates NEOM’s use of Artificial Intelligence (AI) driven technology. Combining these offerings empowers healthcare providers to make better informed decisions that optimize operations effectively for world-class healthcare services.
“This partnership marks a significant milestone in our mission to advance healthcare through innovative technology,” said Ali Abi Raad, Country Manager for the Middle East, India, and South Africa, InterSystems. “We are proud to support NEOM and their vision of building a digitally integrated healthcare ecosystem and becoming a global leader in health and well-being.”
“The partnership with InterSystems is a significant milestone in realizing our digital first and personalized prevention focused healthcare system. To realize this vision, we need flexible and data standards driven technology partners who are committed to our ‘one patient, one record’ approach.” – Dr Mahmoud Alyamany, Sector Head, NEOM Health & Wellbeing.
About InterSystems
Established in 1978, InterSystems is the leading provider of next-generation solutions for enterprise digital transformations in the healthcare, finance, manufacturing, and supply chain sectors. Its cloud-first data platforms solve interoperability, speed, and scalability problems for large organizations around the globe. InterSystems is committed to excellence through its award-winning, 24×7 support for customers and partners in more than 80 countries. Privately held and headquartered in Cambridge, Massachusetts, InterSystems has 39 offices in 28 countries worldwide. For more information, please visit InterSystems.com.
About NEOM
NEOM is an accelerator of human progress and a vision of what a new future might look like. It is a region in northwest Saudi Arabia on the Red Sea being built from the ground up as a living laboratory – a place where entrepreneurship will chart the course for this new future. It will be a destination and a home for people who dream big and want to be part of building a new model for exceptional livability, creating thriving businesses and reinventing environmental conservation.
NEOM will include hyperconnected, cognitive cities, ports and enterprise zones, research centers, sports and entertainment venues and tourist destinations. As a hub for innovation, entrepreneurs, business leaders and companies will come to research, incubate, and commercialize new technologies and enterprises in groundbreaking ways. Residents of NEOM will embody an international ethos and embrace a culture of exploration, risk-taking and diversity.
Photo – https://mma.prnewswire.com/media/2468338/ISC_Neom.jpg

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Zesty Introduces Cloud Insights and Automation Platform To Ensure Optimization and Cloud Operational Excellence

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With prescriptive insights and AI automation for cloud infrastructure management for multiple CSPs, Zesty’s platform makes it simple to optimize cloud spending and performance, improve utilization rates, and create new opportunities for FinOps and DevOps teams
SAN MATEO, Calif., July 24, 2024 /PRNewswire/ — Zesty, a leader in automated cloud infrastructure management, announced today the launch of its Insights and Automation Platform. Designed to support a multi-cloud strategy and transform cloud challenges into opportunities for FinOps and DevOps teams, the platform optimizes cloud spending and improves utilization rates with prescriptive insights and automation, empowering companies to focus on innovation, not cloud or budget management.

As global innovation drives continuous exponential cloud growth, more than half of CIOs have reported an increase in their IT budget for this year specifically to enhance their capacity for financing new projects. Overseeing multiple vendors, intricate cost structures, and ever-evolving company needs have created enormous complications for companies as they scale and budget. While R&D teams prioritize leveraging cloud services to drive innovation and competitive advantage, Finance teams focus on controlling costs and ensuring budget adherence.
Zesty’s platform incorporates new insights to drastically simplify SMB and enterprise cloud cost management by prioritizing the highest value recommendations for FinOps teams. For example, the recommendations focused on reducing unused resources alone can help companies cut costs by 7%, which in some cases represents millions of dollars annually. The platform also hosts Zesty’s AI-driven flagship solutions, Commitment Manager and Zesty Disk, which automatically scale cloud resources up and down and identify potential savings across services. Zesty’s integration of insights and automation ensures that cloud investments consistently align with evolving business objectives with even greater efficiency and savings.
“CIOs are constantly exploring avenues to finance new projects. The Zesty Insights and Automation Platform will play a pivotal role in identifying areas of waste and help to free those funds for innovative projects. Machine learning capabilities and predictive analytics are driving serious returns for FinOps teams, with some of our customers recovering over a million dollars a year from cloud waste and using that to amplify innovation,” said Maxim Melamedov, CEO and Co-Founder of Zesty. “Our mission is to help businesses easily eliminate cloud-related waste in all its forms, financial, cloud resources, environmental, and time. Our platform comes at a critical time given the industry’s urgent need for effective financial management of cloud operations. Companies across all industries are desperate for a guide on their FinOps journey, and we are excited to be able to help.”
Zesty sets a new standard for the fragmented FinOps industry, providing a unified and efficient approach to cloud management, transforming visibility into action with prescriptive insights and automation, optimizing services such as AWS’ EC2, EBS, RDS, S3, ELB, EIP, and Azure’s Virtual Machines. Fueling its commitment to enhancing cloud infrastructure efficiency, Zesty manages billions in AWS contracts. Zesty’s customer-centric approach earned the company a near-perfect (4.9/5) CSAT (Customer Satisfaction Score) in 2023.
To learn more about Zesty’s Insights and Automation Platform or to book a demo, click here.
About Zesty
Zesty helps organizations accelerate innovation with its cloud infrastructure optimization platform. Powered by machine learning, Zesty provides FinOps and DevOps teams with prescriptive insights and automation to achieve the ideal utilization of cloud resources and enables CIOs to balance operational excellence and costs. Zesty’s optimization platform helps companies efficiently allocate resources for applications, with solutions for compute, storage, containers, databases, and more, saving time and money.
Founded in 2019, Zesty was built with the vision of making the cloud more affordable and accessible while reducing waste. With offices in San Mateo, Tel Aviv, Kiev, New York, and London, Zesty supports thousands of organizations, helping them get maximum value out of their cloud infrastructure. To learn more, visit https://zesty.co/.
Media Contact Kate Schoenstadt [email protected] IL: +972(0)-54-7776684
 

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Zenoo calls for collaboration to tackle AI fraud in banking

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CAMBRIDGE, England, July 24, 2024 /PRNewswire/ — UK technology company Zenoo warns the use of AI in banking fraud is just getting started – and collaboration with AI specialists is required to stem its flow.

Cambridge-based Zenoo – whose clients include London Stock Exchange, Experian, Transunion and NASA – supplies digital onboarding and protection from financial crime for businesses and has issued a warning to the banking community that the malevolent use of AI will only become more sophisticated and prevalent in the future.
Zenoo UK managing director George Taylor said: “It’s an enormous concern how quickly and significantly AI is being innovated to assist in banking fraud. In particular, social engineering attacks to steal personal information, enable identity theft and unauthorised access to bank accounts, is becoming remarkably advanced.”
Key areas of concern include Psychographic Profiling – where AI will analyse extensive data to create detailed psychographic profiles of individuals, tailoring social engineering attacks to exploit specific psychological traits – and Manipulative Interactions where the rising use of chatbots and virtual assistants in banking will be taken advantage of to engage in prolonged, convincing interactions with targets to extract sensitive information or induce them to perform actions that compromise their security.
Taylor is calling for banking to respond to the AI threat with AI too by collaborating with AI defence systems that can learn and adapt in real-time to detect and respond to emerging threats and machine learning models to identify and predict potential fraud based on evolving patterns and behaviours.
He adds: “The key word in combatting the AI threat is ‘collaboration’. Here at Zenoo we partner with cutting edge providers of the latest AI deepfake detection solutions which can be easily integrated into existing or new customer on boarding flows to combat fraud. We must take advantage of those specialists who are analysing and responding to the AI threat on a daily basis”.
Visit Zenoo to learn more or book a demo.
About Zenoo
Zenoo specialises in the remote onboarding of customers for international companies to help them improve their conversion rates, breaking down barriers and making it easier for their customers to open accounts online. Visit partner.zenoo.com for further information. 
Media enquiriesContact Bruce Ackland on +44 7884 076548 or email [email protected] 

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