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Things continued to move faster than light with quiet regulatory moves. This time, concerns about a bubble effect emerged as companies continued to outpace each other with world-changing ideas.
Here are the headlines:
The DeepMind AI ecosystem took a quantum leap;
Microsoft and C3.ai expanded their partnership;
Experts at the NIH developed an AI algorithm that matches trials with (potential) participants;
The ECB raised bubble concerns and the monopolistic tendencies of the sector;
Also, an AI version of the Christ debuted in a Church in Lucerne, Switzerland;
And much more!
Of course, it's your Daily AI™!
The DWN AI Index™ Update
On 11/20/24, the index changed -9.79 points, or -0.28%, to close at 3496.85.
DWN/AI Index™ Individual Stock Closing Prices:
Amazon (AMZN) at $202.88,
Arista Networks (ANET) at $381.71,
C3.ai (AI) at $32.36,
CrowdStrike Holdings (CRWD) at $350.15,
Duolingo (DUOL) at $331.14,
iRhythm Technologies (IRTC) at $73.74,
Microsoft Corporation (MSFT) at $415.49,
NVIDIA Corporation (NVDA) at $145.89,
Palantir Technologies (PLTR) at $62.12,
Taiwan Semiconductor Manufacturing (TSM) at $183.36,
Alphabet Inc. (GOOG) closed at $177.33, while Meta Platforms, Inc. (META) closed at $565.52.
Under the AI Hood
Google/DeepMind
Alphabet-owned Google continued to rule the week with developments across several fronts. In a November 20 post, DeepMind unveiled AlphaQubit, an AI-focused quantum computing platform that helps correct ecosystem errors. According to the post, AlphaQubit identifies quantum computing errors and provides accurate results.
AlphaQubit also fine-tunes the results of Quantum-based systems.
Similarly, Google's AI-based software security tool OSS-Fuzz identified 26 vulnerabilities in several open-source repositories, including the OpenSSL cryptographic library.
Meta
Social media behemoth Meta now has several AI-powered features for its messenger app. In a November 20 post, Meta revealed that AI backgrounds will soon be available for messenger calls.
Furthermore, Meta introduced hands-free communication integrations with Apple's Siri for Messenger.
Microsoft/C3.ai
On the corporate end, C3.ai and Microsoft teamed up to improve the adoption of enterprise AI on Azure. In a November 19 announcement, C3.ai revealed that the partnership will involve the immediate deployment of its solutions for customers.
In addition, the combination will enable sales activities alongside product development, among other initiatives.
Industry Dive
National Institutes of Health (NIH)
In a plot twist, researchers at the NIH developed an algorithm that matches potential volunteers to clinical trials. According to a recently published study, TrialGPT succeeded in determining eligibility for enrollment in clinical trials.
Researchers from the NIH National Cancer Institute and National Library of Medicine (NLM) harnessed LLMs to develop the platform, (potentially) accelerating outcomes.
European Central Bank (ECB)
As AI stocks continued to rise, Europe's top bank issued a stark warning. According to the ECB, AI stocks risk achieving bubble status if companies cannot meet investor expectations.
In its broad-range Financial Stability Review released on November 20, the ECB indicated that a few AI-related firms have a (reportedly) outsized impact on the American stock market.
NVIDIA
Despite the (alleged) cooling issues with its Blackwell chips, NVIDIA indicated that the production of the product is ongoing. In its Q3 2024 earnings call, the chipmaker revealed that it would continue to roll out the chips each quarter.
Furthermore, NVIDIA indicated that increased revenue is on the horizon as it announced record-breaking profits.
Everything Else
St. Peter’s Church, Lucerne/Lucerne University of Applied Sciences and Arts (Switzerland)
A Swiss church deployed an AI version of Jesus Christ that preaches sermons and takes confessions from worshipers. St. Peter’s Church, Lucerne, Switzerland, featured 'Deus in Machina,' which has a digital confession booth and a disclaimer about disclosing personal information.
Researchers and theologians at the Lucerne University of Applied Sciences and Arts (Switzerland) developed the religious bot.
Yoshua Bengio
One AI's forerunners raised alarm bells about the potential consequences of new Artificial General Intelligence (AGI) ecosystems. According to a November 21 CNBC report, the Montreal Institute for Learning Algorithms chief Yoshua Bengio called for further research to mitigate the risks posed by the evolution of AI platforms.
Additionally, Bengio iterated that AGI solutions equivalent to or higher than average human intelligence could emerge in as little as five years.
AllHere Education, Inc.
In a November 19 announcement, the Office of the Attorney for the Southern District of New York revealed that authorities arrested AllHere Education founder Joanna Smith-Griffin for alleged fraud charges.
The feds accused Smith-Griffin of misappropriating $10 million for her gain. Furthermore, a court in the Eastern District of North Carolina has taken up the case against the founder of the education-focused AI startup.
Following the Money
Blackstone, Inc./Lancium
Alternative investment behemoth Blackstone took the reins with a $500 million investment in power infrastructure firm Lancium. The funds will push the construction of five AI data centers in Texas.
Lancium has located the centers in areas with a renewable energy footprint in the Lone Star State of Texas.
KPMG/Google Cloud
In a November 20 Reuters interview, Steve Chase, KPMG's vice chair of AI and innovation, revealed a $100 million collaboration with Google Cloud. Some funds will go directly to Google Cloud, while the Big Four behemoth will deploy most of the money for internal Google-related AI solutions.
Google.org/DeepMind/The Royal Society
Search engine behemoth Google's nonprofit unit launched a $20 million AI fund for AI and science. At an event hosted by DeepMind and the UK's Royal Society, the nonprofit revealed that the money will fund organizations that deploy AI to solve complex problems.
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