Category Archives: Artificial Intelligence
This Cardiologist is Using Artificial Intelligence in Heart Medicine – Influencive
There is a common myth that heart disease is more of a problem for men than women, however women and men die at equal rates from heart disease. Studies have shown that mens heart health is more researched and prioritized over womens heart health which creates an issue in diagnostics.
Misdiagnosis or under diagnosis plague women with hidden heart issues and they wont always get the treatment they need. Because of this irritating and unethical issue, cardiologist and researcher, Dr. Amod Amritphale is working to change this outcome of heart health in women.
Symptoms of heart disease in women are very different than men, but the warning signs for men are published more in the media and are known to be more obvious than for women. Because of this, one woman will die every minute of cardiovascular disease and ninety percent of women have at least one risk factor that could tell them they have a chance of heart disease later on. Many more women die from cardiovascular disease than men and the gap is still widening.
A lot of women with significant symptoms have been misdiagnosed as having anxiety or stress instead. We have to work on this advocacy to assure that women can have the resources and diagnostic tools they need to stay healthy and have access to treatment, Dr. Amritphale states. As the director of the Womens Heart Program at the University of South Alabama and the University Hospital in Mobile, Alabama, and as an Interventional Cardiologist, he can provide extensive literature for highlighting the issue. I have taken up the onus to educate women of middle age to teach them the signs of heart disease and preventive methods so that they can seek help before it is too late, he says.
Whats different about Dr. Amritphales methodology is that not only is he advocating for, treating, and making preventative changes for women and their risk of heart disease, but he is also doing so using computer algorithm programs that he designed. He is also the Director of Cardiovascular Research at the University. I am involved in extensive research. My focus of research is Use of Machine learning and Artificial Intelligence in making better decisions in the field of medicine and I am also using national databases like HCUP.
I use this program to develop algorithms that help identify patients who are at increased risk of bad outcomes so that we can preemptively identify them and help them before the worsening of disease processes occur. This helps people live better and live longer and prevents untimely or early death, Dr. Amritphale says. This method is uniquely his, and he is revolutionizing how people can detect, treat, and determine cardiovascular treatment success with these programs he uses in daily practice.
With various cardiovascular treatments and surgical processes, Dr. Amritphale is able to detect and predict whether or not patients will need to return for an unplanned readmission with his artificial intelligence computer algorithm. From the abstract from his academic study, he and his team of researchers had successful results.
We present a novel deep neural network-based artificial intelligence prediction model to help identify a subgroup of patients undergoing carotid artery stenting who are at risk for short term unplanned readmissions. Prior studies have attempted to develop prediction models but have used mainly logistic regression models and have low prediction ability. The novel model presented in this study boasts 79% capability to accurately predict individuals for unplanned readmissions post carotid artery stenting within 30 days of discharge, (Amritphale, A., Chatterjee, R., Chatterjee, S. et al. Predictors of 30-Day Unplanned Readmission After Carotid Artery Stenting Using Artificial Intelligence. Adv Ther (2021). https://doi.org/10.1007/s12325-021-01709-7).
Anything that could give rise to smarter-than-human intelligencein the form of Artificial Intelligence, brain-computer interfaces, or neuroscience-based human intelligence enhancement wins hands down and Dr. Amritphale is harnessing this power for the betterment of society as a whole said Dr. Khanijao an Internal Medicine & Pulmonary specialist from Maimonides Medical Center, New York.
This innovation is the next step to making sure womens heart health is properly researched, recognized, diagnosed, and treated. His advocacy and computer algorithm are seventy-nine percent accurate to determine the healing, successes of a treatment, and any risk factors that would bring the patient back within thirty days after cardiac stenting surgery.
The global impact of Dr. Amritphales research and work is such that ultimately more people are living healthier and longer lives. Dr. Amritphale is an authority in the field, and researchers/clinicians the world over should follow in the new vistas opened up by his research. said prominent cardiologist Dr. A. Joseph.
Dr. Amritphale is at the top of his endeavor when it comes to leading research for treating patients with advanced heart blockages. The condition called refractory angina is one where all medications have proven inadequate and patients are utterly suffering. In patients with such advanced disease, he has shown a pathway to clinicians & researchers worldwide to use mechanical and invasive therapies.
This has opened up new vistas of researchers and has been cited by many researchers, notably those at University Hospital Richmond Medical Center in Ohio. (Amritphale A, Amritphale N. Refractory Angina: the Current State of Mechanical Therapies. Curr Cardiol Rep. 2019 Apr 22;21(6):46. doi: 10.1007/s11886-019-1134-8. PMID: 31011835.)
Heart health strategy and prioritization is important and Dr. Amritphale made the changes to make sure it wont be overlooked. With his research in machine learning and as an authority in this field, he is changing the future of the threat of heart disease for everyone, especially women and guiding researchers at a global scale.
Published May 15th, 2021
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This Cardiologist is Using Artificial Intelligence in Heart Medicine - Influencive
Artificial Intelligence in Gaming Market 2021 Size, Status and Business Outlook Ubisoft, EA, Tencent, Sony, Microsoft, Playtika, Activision Blizzard …
Artificial Intelligence in Gaming Market with COVID-19 Impact by Component, Application, Services, and Region- Forecast to 2027
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Top Companies in the Global Artificial Intelligence in Gaming Market are Ubisoft, EA, Tencent, Sony, Microsoft, Playtika, Activision Blizzard, NetEase, Nintendo, Square Enix, Konami, Take-Two Interactive, NCSoft, Google, Baidu, IBM, SAP, Intel, Salesforce, Brighterion, KITT.AI
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Artificial intelligence reads chest X-rays to predict severe COVID-19 case progression with 80% accuracy – Radiology Business
A new artificial intelligence tool developed by NYU Langone Health is able to read chest X-rays and predict severe COVID-19 cases with up to 80% accuracy, experts reported Wednesday.
Grossman School of Medicine researchers built the model using more than 5,200 radiographs gathered from nearly 3,000 seriously ill patients with the novel coronavirus. Radiologists and emergency physicians face a pressing need to determine early on whether patients cases will snowball and require additional care, authors wrote May 12 in NPJ Digital Medicine.
We believe that our COVID-19 classification test represents the largest application of artificial intelligence in radiology to address some of the most urgent needs of patients and caregivers during the pandemic, Yiqiu Shen, a doctoral student at NYUs Center for Data Science, said in a statement.
Along with radiological images, the AI model also uses everything from patient age and race, to gender, vital signs, and lab test results to make its determinations. Patients need for a mechanical ventilator, along with whether they survived or died from their COVID case, were also key factors in training the model.
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Artificial intelligence reads chest X-rays to predict severe COVID-19 case progression with 80% accuracy - Radiology Business
Start-up Alife is operating in the intersection of AI and IVF – Medical Device Network
In vitro fertilisation (IVF) is one of several techniques that can help the one in seven couples who will struggle to conceive. An egg is removed from the ovary of the person who will be carrying the child, and artificially fertilised with sperm in a laboratory. The embryo is then returned to the uterus. It can be carried out using eggs and sperm from donors, as well as a pregnant person and their partner, making it a viable option for individuals and couples experiencing infertility for a variety of different reasons.
However, the success rates for IVF are contingent on both the cause of infertility and the age of the person undergoing the procedure. According to the UK NHS, success rates for IVF are around 29% for women under 35, gradually decreasing to only 2% for women aged over 44.
Alife founder and CEO Paxton Maeder-York says: Successful pregnancies from IVF, which is extremely costly and can have low success rates, rely on a complex set of clinical decisions made by physicians to deliver the optimal care for each patient.
Founded in 2020, Alife is a San Francisco-based artificial intelligence (AI) company that has yet to release any products but aims to create a software platform to support clinical decision-making during the IVF process. The company recently raised $9.5m in a seed funding round, which it will use to develop the platform and prepare it for regulatory review.
The amazing thing about machine learning is that it can incorporate lessons from hundreds of thousands of cases from all over the world to enhance its ability to create customised treatment recommendations, says Maeder-York. This can be a huge asset to physicians and patients. Alifes technology doesnt replace clinical judgement made by the amazing doctors working in this field; its meant to be another tool for them to use to improve efficacy.
The platform will use clinical data from numerous sources to inform the recommendations it makes to clinicians.
Maeder-York says: Today, the IVF process is very manual and differs greatly from clinic to clinic. This diversity is actually an asset to the field because what one clinic in one part of the country does may be better for some patients, and the protocols at a different clinic in another part of the country might be best for another group of patients.
The problem is how to disperse these learnings and deliver them as a tool back to clinicians, and this is exactly what AI can do. It can look at hundreds of thousands of patient experiences and find patterns so that when a new patient comes in for care, we can leverage the learnings from all those previous cases and clinical practices to optimise their chances of success.
One of the areas where AI has potential to be most useful is the prioritisation of transferrable embryos. Using pattern recognition, the software can reference the data set to make recommendations on which embryos could be the most successful for an individual patient.
GlobalData's TMT Themes 2021 Report tells you everything you need to know about disruptive tech themes and which companies are best placed to help you digitally transform your business.
Alife has spent the last year working on how exactly to implement the technology, developing its team and connecting with clinics to collect data. It has also been recruiting an advisory board of leading clinicians, recently adding Deena Shakir, a partner at Lux Capital, to its board of directors.
Mader-York says the company is working closely with the US Food and Drug Administration (FDA) to demonstrate the safety and efficacy of its system, performing rigorous internal tests as well as conducting studies with major clinical institutions into the efficacy of the product.
Several companies have been exploring AI as a way to improve IVF success, including Embryonics, which uses a database of millions of anonymised patient records to inform IVF decision-making, and Presagen, a start-up using AI to enhance womens healthcare across the board, which has thus far launched Life Whisperer, a platform that uses AI to assess 2D images of embryos for their likelihood of success in IVF.
Big pharma has also taken an interest. Philips and Merck partnered in January this year to develop personalised fertility treatments, using remote patient monitoring, AI-enabled ultrasound and cloud-based services.
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Start-up Alife is operating in the intersection of AI and IVF - Medical Device Network
Global Artificial Intelligence in Healthcare Markets Report 2021-2027: AI in Epidemic Outbreak Prediction and Response to Gain Momentum – Yahoo…
Dublin, May 12, 2021 (GLOBE NEWSWIRE) -- The "Artificial Intelligence in Healthcare Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Component, Application, End User, and Geography" report has been added to ResearchAndMarkets.com's offering.
Robot Assisted Surgery Segment to Grow at Faster CAGR During 2020-2027
Artificial Intelligence (AI) in Healthcare Market is expected to reach US$ 107,797.82 million by 2027 from US$ 3,991.23 million in 2019; it is estimated to grow at a CAGR of 49.8% from 2020 to 2027.
The report highlights trends prevailing in the market, and the factors driving and hindering the market growth. The growth of the artificial intelligence in healthcare market is attributed to the rising application of artificial intelligence in healthcare, growing investment in AI healthcare start-ups, and increasing cross-industry partnerships and collaborations. However, dearth of skilled AI workforce and imprecise regulatory guidelines for medical software is the major factor hindering the market growth.
Based on application, the artificial intelligence in healthcare market is segmented into robot assisted surgery, virtual assistants, administrative workflow assistants, connected machines, diagnosis, clinical trials, fraud detection, cybersecurity, dosage error reduction, and others. The clinical trials segment held the largest market share in 2019, and the robot assisted surgery segment is estimated to register the highest CAGR during the forecast period. Rising adoption of robotic surgeries due to better surgical outcomes offer lucrative opportunities for the growth of robotic assisted surgery segment.
The artificial intelligence in healthcare market is expected to witness substantial growth post-pandemic. The global healthcare infrastructure has observed that, in order to develop and maintain sustainable healthcare setup, utilization of computational technologies such as artificial intelligence becomes crucial. Moreover, majority of the market players have focused on development of AI-powered models to fight against coronavirus pandemic.
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In addition, several number of research centers and governments have actively participated in the building of robust AI technologies which are assisting the healthcare professionals to work efficiently even under shortage of resources. These factors will eventually drive the market growth.
Microsoft, Koninklijke Philips N.V., Intel Corporation, General Electric Company, Alphabet Inc., NVIDIA CORPORATION, Nuance Communications, Inc., Siemens Healthineers AG, Arterys Inc., and Johnson & Johnson Services, Inc. are among the leading companies operating in the artificial intelligence in healthcare market.
Key Topics Covered:
1. Introduction1.1 Scope of the Study1.2 Research Report Guidance1.3 Market Segmentation
2. Artificial Intelligence in Healthcare Market - Key Takeaways
3. Research Methodology
4. Global Artificial Intelligence in Healthcare - Market Landscape4.1 Overview4.2 PEST Analysis4.3 Expert Opinions
5. Artificial Intelligence in Healthcare Market - Key Market Dynamics5.1 Market Drivers5.1.1 Rising Application of Artificial Intelligence (AI) in Healthcare5.1.2 Growing Investment in AI Healthcare Start ups5.1.3 Increasing Cross-Industry Partnerships and Collaborations5.2 Market Restraints5.2.1 Dearth of Skilled AI Workforce and Imprecise Regulatory Guidelines for Medical Software5.3 Market Opportunities5.3.1 Increasing Potential in Emerging Economies5.4 Future Trends5.4.1 AI in Epidemic Outbreak Prediction and Response5.5 Impact Analysis
6. Artificial Intelligence in Healthcare Market - Global Analysis6.1 Global Artificial Intelligence in Healthcare Market Revenue Forecast And Analysis6.2 Global Artificial Intelligence in Healthcare Market, By Geography - Forecast And Analysis6.3 Market Positioning of Key Players
7. Artificial Intelligence in Healthcare Market Analysis - By Component7.1 Overview7.2 Artificial Intelligence in Healthcare Market Revenue Share, by Component (2019 and 2027)7.3 Software Solution7.4 Hardware7.5 Services
8. Artificial Intelligence in Healthcare Market Analysis - By Application8.1 Overview8.2 Artificial Intelligence in Healthcare Market Revenue Share, by Application (2019 and 2027)8.3 Robot Assisted Surgery8.4 Virtual Assistants8.5 Administrative Workflow Assistants8.6 Connected Machines8.7 Diagnosis8.8 Clinical Trials8.9 Fraud Detection8.10 Cybersecurity8.11 Dosage Error Reduction
9. Artificial Intelligence in Healthcare Market Analysis - By End User9.1 Overview9.2 Artificial Intelligence in Healthcare Market, by End-User, 2019 and 2027 (%)9.3 Hospitals & Healthcare Providers9.4 Patients9.5 Pharma and Biotech Companies9.6 Healthcare Payers
10. Global Artificial Intelligence in Healthcare Market - Geographical Analysis
11. Impact of COVID-19 Pandemic on Global Artificial Intelligence in Healthcare Market11.1 North America: Impact Assessment of COVID-19 Pandemic11.2 Europe: Impact Assessment Of COVID-19 Pandemic11.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic11.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic11.5 South and Central America: Impact Assessment of COVID-19 Pandemic
12. Artificial Intelligence (AI) in Healthcare Market -Industry Landscape12.1 Overview12.2 Growth Strategies in the Artificial Intelligence in Healthcare Market, 2019-202012.3 Inorganic Growth Strategies12.3.1 Overview12.4 Organic Growth Strategies12.4.1 Overview
13. Company Profile13.1 Key Facts13.2 Business Description13.3 Products and Services13.4 Financial Overview13.5 SWOT Analysis13.6 Key Developments
Microsoft
Koninklijke Philips N.V.
Intel Corporation
General Electric Company
Alphabet Inc.
NVIDIA CORPORATION
Nuance Communications, Inc.
Siemens Healthineers AG
Arterys Inc.
Johnson & Johnson Services, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/ntmbf1
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Global Artificial Intelligence in Healthcare Markets Report 2021-2027: AI in Epidemic Outbreak Prediction and Response to Gain Momentum - Yahoo...
Baden-Wrttemberg invests in a joint project to develop adaptive artificial intelligence chips – TheMayor.EU
Baden-Wrttemberg funds a project on adaptive Artificial Intelligence chips
2 million euros to expand the range of competencies for a technology transfer
The German state of Baden-Wrttemberg is funding a joint project on adaptive Artificial Intelligence (AI) chips with around 2 million euros. This will further expand the range of competencies for technology transfer in this key discipline of artificial intelligence.
In this wat, the Baden-Wrttemberg Ministry of Economics, Labour and Tourism supports the joint project on adaptive AI chips "Microelectronics for AI - data-oriented implementation in industrial use (DoRiE)" organized jointly by the Institute for Microelectronics Stuttgart (IMS CHIPS), the Research Center for Computer Science Karlsruhe (FZI) and the Hahn-Schickard Society for Applied Research eV.
The three business-related institutes of the Baden-Wrttemberg Innovation Alliance are jointly implementing AI systems for decentralised use on sensors, robots or machines in industrial applications. The three institutes are supported by an innovation advisory board with representatives from business.
Artificial intelligence is the new basic technology in many areas of life and has gigantic value creation potential. With the project, we are further expanding the range of competencies for technology transfer in this key discipline of artificial intelligence. We are thus taking an important step towards industrial application in our medium-sized companies. Many companies from a wide variety of industries in Baden-Wrttemberg can benefit significantly from the offer, commented the Minister of Economic Affairs, Dr. Nicole Hoffmeister-Kraut.
The research organisations have already received expressions of interest for the innovation advisory board from well-known small and medium-sized manufacturing companies. Interested organisations may also join the advisory board during the project's duration.
Furthermore, the aim is to collaborate with state-based application-oriented AI research projects such as the "Learning Systems and Cognitive Robotics Progress Center" or the "Competence Center for AI Engineering CC-KING."
Various functions and components for industrial use are developed. Applications here are, for example, sensor solutions with integrated local AI for object recognition, Edge AI solutions for robotic arms in lightweight construction and collaborative applications, or for use on gripping systems with local intelligence.
Global Artificial Intelligence in Construction Market Expected to Generate a Revenue of $ 2642.4 Million at a – GlobeNewswire
New York, USA, May 11, 2021 (GLOBE NEWSWIRE) -- According to a report published by Research Dive, theglobal artificial intelligence in construction marketis anticipated to register a revenue of$2,642.4 million at a CAGR of 26.3%during the forecast period. The inclusive report provides a brief overview of the current scenario of the market including significant aspects of the market from growth factors, challenges, other market dynamics, restraints and various opportunities during the forecast period. The report also provides all the market figures making it easier and helpful for the new participants to understand the market.
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Dynamics of the Market
The cost-effectiveness and easy accessibility of advanced artificial intelligence products are the main factors driving the growth of the AI in construction market. The usage of AI helps companies by calculating the overhead cost and provides accurate data related to companies overall expenditure, which saves a lot of money for the company. Moreover, the AI devices such as robots and drones help the construction site workers by enabling them mapping and surveying and taking the perfect decision on site. This is another factor enhancing the growth of the global artificial intelligence in construction market.
One of the biggest restraining factors behind the growth of the market is the lack of technically skilled workers.
Segments of the Market
The report has divided the market into different segments based on application and regional outlook.
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Planning and Design Sub-Segment is Expected to Become the Most Lucrative
By application, planning and design sub-segment accounted for $134.3 million in 2018 and is further predicted to grow at a CAGR of 28.9% during the upcoming years. Planning and design is an indispensable application for the construction companies. This is the main reason behind the growth of the market segment.
North America to Dominate the Market
North America regional market recorded a revenue of $146.9 million in 2018, and is further expected to grow at a CAGR of 25.4% during the forecast period. The major attributor behind this growth is the huge population base of North American countries with high purchasing power, constant investment of the government in the automation, and initiative in artificial intelligence in the construction sector.
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Key Players of the Market
The report mentions the key players of the global artificial intelligence in construction market which include
These players are focusing on research and development, product launches, collaborations and partnerships to sustain the growth of the market. For instance, in November 2020, Dassault Systmes announced jointly with NuoDB, that Dassault Systmes, which already had a 16% ownership interest, is acquiring the remainder of NuoDB equity.
Based in Cambridge, Massachusetts, NuoDB provides a cloud-native distributed SQL database that capitalizes on the competitive advantages of the cloud, with on demand scalability, continuous availability and transactional consistency, and is built for mission critical applications.
The report also summarizes many important aspects including financial performance of the key players, SWOT analysis, product portfolio, and latest strategic developments.
In Addition, the report having some numorus point about the leading Business Manufactures, Like, SWOT analysis, Product Portfolio, Finanical Status -Inquire to Get access for DetailedTop Companies Development Strategy Report
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Global Artificial Intelligence in Construction Market Expected to Generate a Revenue of $ 2642.4 Million at a - GlobeNewswire
Europe Seeks To Tame Artificial Intelligence With The World’s First Comprehensive Regulation – Technology – Worldwide – Mondaq News Alerts
In what could be a harbinger of the future regulation ofartificial intelligence (AI) in the United States, the EuropeanCommission published its recent proposal for regulation of AI systems. Theproposal is part of the European Commission's larger European strategy for data, which seeks to"defend and promote European values and rights in how wedesign, make and deploy technology in the economy." To thisend, the proposed regulation attempts to address the potentialrisks that AI systems pose to the health, safety, and fundamentalrights of Europeans caused by AI systems.
Under the proposed regulation, AI systems presenting the leastrisk would be subject to minimal disclosure requirements, while atthe other end of the spectrum AI systems that exploit humanvulnerabilities and government-administered biometric surveillancesystems are prohibited outright except under certain circumstances.In the middle, "high-risk" AI systems would be subject todetailed compliance reviews. In many cases, such high-risk AIsystem reviews will be in addition to regulatory reviews that applyunder existing EU product regulations (e.g., the EU alreadyrequires reviews of the safety and marketing of toys and radio frequency devices such as smart phones,Internet of Things devices, and radios).
The proposed AI regulation applies to all providers that marketin the EU or put AI systems into service in the EU as well as usersof AI systems in the EU. This scope includes governmentalauthorities located in the EU. The proposed regulation also appliesto providers and users of AI systems whose output is used withinthe EU, even if the producer or user is located outside of the EU.If the proposed AI regulation becomes law, the enterprises thatwould be most significantly affected by the regulation are thosethat provide high-risk AI systems not currently subject to detailedcompliance reviews under existing EU product regulations, but thatwould be under the AI regulation.
The term "AI system" is defined broadly as softwarethat uses any of several identified approaches to generate outputsfor a set of human-defined objectives. These approaches cover farmore than artificial neural networks and other technologiescurrently viewed by many as traditional as "AI." In fact,the identified approaches cover many types of software that fewwould likely consider "AI," such as "statisticalapproaches" and "search and optimization methods."Under this definition, the AI regulation would seemingly cover theday-to-day tools of nearly every e-commerce platform, social mediaplatform, advertiser, and other business that rely on suchcommonplace tools to operate.
This apparent breadth can be assessed in two ways. First, thisdefinition may be intended as a placeholder that will be furtherrefined after the public release. There is undoubtedly no perfectdefinition for "AI system," and by releasing the AIregulation in its current form, lawmakers and interested partiescan alter the scope of the definition following public commentaryand additional analysis. Second, most "AI systems"inadvertently caught in the net of this broad definition wouldlikely not fall into the high-risk category of AI systems. In otherwords, these systems generally do not negatively affect the healthand safety or fundamental rights of Europeans, and would only besubject to disclosure obligations similar to the data privacyregulations already applicable to most such systems.
The proposed regulation prohibits uses of AI systems forpurposes that the EU considers to be unjustifiably harmful. Severalcategories are directed at private sector actors, includingprohibitions on the use of so-called "dark patterns"through "subliminal techniques beyond a person'sconsciousness," or the exploitation of age, physical or mentalvulnerabilities to manipulate behavior that causes physical orpsychological harm.
The remaining two areas of prohibition are focused primarily ongovernmental actions. First, the proposed regulation would prohibituse of AI systems by public authorities to develop "socialcredit" systems for determining a person'strustworthiness. Notably, this prohibition has carveouts, as suchsystems are only prohibited if they result in a "detrimentalor unfavorable treatment," and even then only if unjustified,disproportionate, or disconnected from the content of the datagathered. Second, indiscriminate surveillance practices by lawenforcement that use biometric identification are prohibited inpublic spaces except in certain exigent circumstances, and withappropriate safeguards on use. These restrictions reflect theEU's larger concerns regarding government overreach in thetracking of its citizens. Military uses are outside the scope ofthe AI regulation, so this prohibition is essentially limited tolaw enforcement and civilian government actors.
"High-risk" AI systems receive the most attention inthe AI regulation. These are systems that, according to thememorandum accompanying the regulation, pose a significant risk tothe health and safety or fundamental rights of persons. This boilsdown to AI systems that (1) are a regulated product or are used asa safety component for a regulated product like toys, radioequipment, machinery, elevators, automobiles, and aviation, or (2)fall into one of several categories: biometric identification,management of critical infrastructure, education and training,human resources and access to employment, law enforcement,administration of justice and democratic processes, migration andborder control management, and systems for determining access topublic benefits. The regulation contemplates this latter categoryevolving over time to include other products and services, some ofwhich may face little product regulation at present. Enterprisesthat provide these products may be venturing into an unfamiliar andevolving regulatory space.
High-risk AI systems would be subject to extensive requirements,necessitating companies to develop new compliance and monitoringprocedures, as well as make changes to products both on the frontend and the back end such as:
The regulation would impose transparency and disclosurerequirements for certain AI systems regardless of risk. Any AIsystem that interacts with humans must include disclosures to theuser they are interacting with an AI system. The AI regulationprovides no further details on this requirement, so a simple noticethat an AI system is being used would presumably satisfy thisregulation. Most "AI systems" (as defined in theregulation) would fall outside of the prohibited and high-riskcategories, and so would only be subject to this disclosureobligation. For that reason, while the broad definition of "AIsystem" captures much more than traditional artificialintelligence techniques, most enterprises will feel minimal impactfrom being subject to these regulations.
The proposed regulation provides for tiered penalties dependingon the nature of the violation. Prohibited uses of AI systems(subliminal manipulation, exploitation of vulnerabilities, anddevelopment of social credit systems) and prohibited development,testing, and data use practices could result in fines of the higherof either 30,000,000 EUR or 6% of a company's total worldwideannual revenue. Violation of any other requirements or obligationsof the proposed regulation could result in fines of the higher ofeither 20,000,000 EUR or 4% of a company's total worldwideannual revenue. Supplying incorrect, incomplete, or misleadinginformation to certification bodies or national authorities couldresult in fines of the higher of either 10,000,000 EUR or 2% of acompany's total worldwide annual revenue.
Notably, EU government institutions are also subject to fines,with penalties up to 500,000 EUR for engaging in prohibitedpractices that would result in the highest fines had the violationbeen committed by a private actor, and fines for all otherviolations up to 250,000 EUR.
The proposed regulation remains subject to amendment andapproval by the European Parliament and potentially the EuropeanCouncil, a process which can take several years. During this longlegislative journey, components of the regulation could changesignificantly, and it may not even become law.
Although the proposed AI regulation would mark the mostcomprehensive regulation of AI to date, stakeholders should bemindful that current U.S. and EU laws already govern some of theconduct it attributes to AI systems. For example, U.S. federal lawprohibits unlawful discrimination on the basis of a protected classin numerous scenarios, such as in employment, the provision ofpublic accommodations, and medical treatment. Uses of AI systems thatresult in unlawful discrimination in these arenas already posesignificant legal risk. Similarly, AI systems that affect publicsafety or are used in an unfair or deceptive manner could beregulated through existing consumer protection laws.
Apart from such generally applicable laws, U.S. laws regulatingAI are limited in scope, and focus on disclosures related to AI systems interacting with people or arelimited to providing guidance under current law in anindustry-specific manner, such as with autonomous vehicles. There is also a movementtowards enhanced transparency and disclosure obligations for userswhen their personal data is processed by AI systems, as discussedfurther below.
To date, no state or federal laws specifically targeting AIsystems have been successfully enacted into law. If the proposed EUAI regulation becomes law, it will undoubtedly influence thedevelopment of AI laws in Congress and state legislatures, andpotentially globally. This is a trend we saw with the EU'sGeneral Data Protection Regulation (GDPR), which has shaped newdata privacy laws in California, Virginia, Washington, and severalbills before Congress, as well as laws in other countries.
U.S. legislators have so far proposed bills that would regulateAI systems in a specific manner, rather than comprehensively as theEU AI regulation purports to do. In the United States, "algorithmic accountability"legislation attempts to address concerns about high-risk AIsystems similar to those articulated in the EU throughself-administered impact assessments and required disclosures, butlacks the EU proposal's outright prohibition on certain uses ofAI systems, and nuanced analysis of AI systems used by governmentactors. Other bills would solely regulate government procurementand use of AI systems, for example, California AB-13 and Washington SB-5116, leaving industry free todevelop AI systems for private, nongovernmental use. Upcomingprivacy laws such as the California Privacy Rights Act (CPRA) and theVirginia Consumer Data Protection Act (CDPA),both effective January 1, 2023, do not attempt to comprehensivelyregulate AI, instead focusing on disclosure requirements and datasubject rights related to profiling and automateddecision-making.
Ultimately, the AI regulation (in its current form) will haveminimal impact on many enterprises unless they are developingsystems in the "high-risk" category that are notcurrently regulated products. But some stakeholders may besurprised, and unsatisfied with, the fact that the draftlegislation puts relatively few additional restrictions on purelyprivate sector AI systems that are not already subject toregulation. The drafters presumably did so to not overly burdenprivate sector activities. But it is yet to be seen whether anyenacted form of the AI regulation would strike that balance in thesame way.
The content of this article is intended to provide a generalguide to the subject matter. Specialist advice should be soughtabout your specific circumstances.
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Europe Seeks To Tame Artificial Intelligence With The World's First Comprehensive Regulation - Technology - Worldwide - Mondaq News Alerts
DataRobot Joins World Economic Forum Initiative to Advance the Equity, Accountability, and Transparency of Artificial Intelligence – Business Wire
BOSTON--(BUSINESS WIRE)--DataRobot, the leader in enterprise AI, today announced that it has joined the Shaping the Future of Technology Governance: Artificial Intelligence and Machine Learning initiative launched by the World Economic Forum to accelerate the societal benefits of AI and machine learning while ensuring equity, privacy, transparency, accountability, and social impact.
This initiative brings together key stakeholders from the public and private sectors to co-design and test policy frameworks that accelerate the benefits and mitigate the risks of AI and machine learning. Project areas include standards for protecting children, creating an AI regulator for the 21st century, and addressing the unique challenges of facial recognition technology. As members of the initiative, DataRobot will work closely with researchers, organizations, and other key stakeholders to drive new understandings of how AI can and should be used to better society, while ensuring use cases are ethical and equitable.
Ted Kwartler, VP of Trusted AI at DataRobot, said, As a leader in artificial intelligence and machine learning, it is our responsibility to play an active role in ensuring that AI will be used for the betterment of society. We are standing at a critical technological moment in history for companies to drive change and shape a more equitable, AI-powered future for the benefit of all, not just the benefit of a few. With the goal of improving organizational behavior widely and continuing to do good with technology, we are pleased to join forces with the World Economic Forum to make new alliances, start new conversations, and mobilize the resources needed to make the world of technology more sustainable and inclusive. We are excited to take part in this valuable platform, share our learnings across the industry, and work with the World Economic Forum to build a more ethical, explainable, and equitable AI ecosystem.
DataRobots partnership with the World Economic Forum follows its long-standing commitment to AI trust, governance, and ethics, highlighted by the formation of a Trusted AI team in 2019, which is led by Kwartler. The teams mission is to build and deliver trustworthy and ethical AI systems and provide actionable guidance for the companys customers. These customers include some of the largest banks in the world, top U.S. health insurers, and defense, intelligence, and civilian agencies within the federal government.
Machine learning and artificial intelligence are rapidly advancing and are being deployed across all aspects of daily life. As this technology continues to develop and adoption grows, collaboration across organizations is essential to optimizing accountability, transparency, privacy, and impartiality. This initiative brings together experts who are not only looking to explore the positive impact AI can have on society at large, but who will also ensure trust in the organizations and individuals leveraging the technology, said Kay Firth-Butterfield, Head of AI & Machine Learning and Member of the Executive Committee of the World Economic Forum.
To learn more about DataRobots commitment to ensuring ethical, trustworthy, and unbiased AI and machine learning, visit http://www.datarobot.com/platform/trusted-ai/.
About DataRobotDataRobot is the leader in enterprise AI, delivering trusted AI technology and enablement services to global enterprises competing in todays Intelligence Revolution. DataRobots enterprise AI platform democratizes data science with end-to-end automation for building, deploying, and managing machine learning models. This platform maximizes business value by delivering AI at scale and continuously optimizing performance over time. The companys proven combination of cutting-edge software and world-class AI implementation, training, and support services, empowers any organization regardless of size, industry, or resources to drive better business outcomes with AI.
DataRobot has offices across the globe and funding from some of the worlds best investing firms including Alliance Bernstein, Altimeter, B Capital Group, Cisco, Citi Ventures, ClearBridge, DFJ Growth, Geodesic Capital, Glynn Capital, Intel Capital, Meritech, NEA, Salesforce Ventures, Sands Capital, Sapphire Ventures, Silver Lake Waterman, Snowflake Ventures, Tiger Global, T. Rowe Price, and World Innovation Lab. DataRobot was named to the Forbes 2020 Cloud 100 list and the Forbes 2019, 2020, and 2021 Most Promising AI Companies lists, and was named a Leader in the IDC MarketScape: Worldwide Advanced Machine Learning Software Platforms Vendor Assessment. For more information visit http://www.datarobot.com/, and join the conversation on the DataRobot Community, More Intelligent Tomorrow podcast, Twitter, and LinkedIn.
Need more budget for artificial intelligence projects? Point out what the competition may be doing – ZDNet
One can be forgiven for thinking that everyone in the world is adopting sophisticated, next-gen technologies such as artificial intelligence and autonomous systems, and their company is falling woefully behind. While it's more the case of everyone trying to find their way with still yet-to-be-fully-understood technologies, this fear of falling behind is real, and is driving investment.
That's the word from asurveyof 200 enterprises from Seeqc, which finds rising investment in deep-tech solutions is largely driven by the threat of industry competition, with substantial R&D budgets and jobs on the line. More than two-thirds, 67%, fear their competitors are further along than their company.
That's certainly a way to get the full attention of business leaders controlling the purse strings.
At the same time, many have high expectations from these investments. Most respondents (58%) said they expect to see ROI from deep tech investments within one to five years. While specific technologies each come with their own implementation timetables, deep tech's impending business impact is accelerating with each dollar spent.
The survey's authors call this "deep tech," which they define as solutions aimed at substantial scientific or engineering challenges to previously intractable problems. (In other words, it has artificial intelligence written all over it.) Along with AI, this category includes solutions such as autonomous vehicles, blockchain, and even quantum computing.
The survey finds that decision-makers are under immense pressure and time constraints to source solutions to fast-approaching business challenges. A majority of large enterprises (defined as those with 1,000 or more employees), 57%, are actively investigating deep tech solutions are doing so to solve a specific existing or emerging business problem. I actually like the phrase "deep tech" to describe the constellation of next-generation solutions coming on the scene.
While companies are forging ahead to solve specific challenges, the report also shows they're keeping a close eye on their competitors' progress. Either real or perceived, fear of their peers' progress is a major investment driver. More than a third of respondents said that keeping up with competition was their number one reason for investigating deep tech solutions.
Motivations driving investments in these technologies include the following:
Skills and people issues dominate executives' concerns as they dive into new technology approaches as well. A majority, 52%, say assembling the right internal team with appropriate technical expertise as their greatest challenge, making this the leading area of concern. .
Deep tech solutions require up-front investments. Seventy-one percent of companies reported dedicating 15% or more of their entire R&D budget to investigating deep tech solutions, with 16% dedicating more than a quarter of their budgets. Investing large sums requires a great deal of research, forethought, and a willingness to take some risks. Eight-two percent of decision-makers have fears or anxieties about investing and implementing deep tech solutions, the survey's authors report. Another 74% fear making the wrong investment and wasting resources. There's also fear of what could happen to jobs -- 71% fear deep tech solutions will make parts of their business or even jobs obsolete.
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Need more budget for artificial intelligence projects? Point out what the competition may be doing - ZDNet