Artificial Intelligence

Large Language Models (LLMs) have the potential to improve efficiency and safety in the finance sector by detecting fraud, generating financial insights and automating customer service, according to research by The Alan Turing Institute. Because LLMs have an ability to analyse large amounts of data quickly and generate coherent text, there is growing understanding of... Read more » The post Large language models could ‘revolutionsise the finance sector within two years’ appeared first on AI News.

The Science and Technology Facilities Council (STFC), a UK government agency that carries out research in science and engineering, has signed an agreement with Lenovo for the installation of a powerful new supercomputer for the STFC Hartree Centre. Ten times more powerful than its predecessor, but using less electricity thanks to Lenovo’s direct water cooling,... Read more » The post STFC Hartree Centre signs agreement with Lenovo for state-of-the-art supercomputer appeared first on AI News.

The Science and Technology Facilities Council (STFC), a UK government agency that carries out research in science and engineering, has signed an agreement with Lenovo for the installation of a powerful new supercomputer for the STFC Hartree Centre. Ten times more powerful than its predecessor, but using less electricity thanks to Lenovo’s direct water cooling,... Read more » The post STFC Hartree Centre signs agreement with Lenovo for state-of-the-art supercomputer appeared first on AI News.

Stanhope AI – a company applying decades of neuroscience research to teach machines how to make human-like decisions in the real world – has raised £2.3m in seed funding led by the UCL Technology Fund. Creator Fund also participated, along with, MMC Ventures, Moonfire Ventures and Rockmount Capital and leading angel investors.  Stanhope AI was... Read more » The post Stanhope raises £2.3m for AI that teaches machines to ‘make human-like decisions’ appeared first on AI News.

The UN General Assembly has adopted a landmark resolution on AI, aiming to promote the safe and ethical development of AI technologies worldwide. The resolution, co-sponsored by over 120 countries, was adopted unanimously by all 193 UN member states on 21 March. This marks the first time the UN has established global standards and guidelines... Read more » The post UN passes first global AI resolution appeared first on AI News.

An AI tool has proven capable of detecting signs of cancer that were overlooked by human radiologists. The AI tool, called Mia, was piloted alongside NHS clinicians in the UK and analysed the mammograms of over 10,000 women.  Most of the participants were cancer-free, but the AI successfully flagged all of those with symptoms of... Read more » The post AI tool finds cancer signs missed by doctors appeared first on AI News.

NVIDIA has announced its next-generation Blackwell GPU architecture, designed to usher in a new era of accelerated computing and enable organisations to build and run real-time generative AI on trillion-parameter large language models. The Blackwell platform promises up to 25 times lower cost and energy consumption compared to its predecessor: the Hopper architecture. Named after... Read more » The post NVIDIA unveils Blackwell architecture to power next GenAI wave  appeared first on AI News.

Elon Musk’s startup xAI has made its large language model Grok available as open source software. The 314 billion parameter model can now be freely accessed, modified, and distributed by anyone under an Apache 2.0 license. The release fulfils Musk’s promise to open source Grok in an effort to accelerate AI development and adoption. XAI... Read more » The post Elon Musk’s xAI open-sources Grok appeared first on AI News.

OpenAI’s ambitious plans to develop its own semiconductor chips for powering advanced AI models could receive a boost from the United Arab Emirates (UAE), according to a report by the Financial Times. The report states that MGX — a state-backed group in Abu Dhabi — is in discussions to support OpenAI’s venture to build AI... Read more » The post UAE set to help fund OpenAI’s in-house chips appeared first on AI News.

Anthropic has released Claude 3 Haiku, the fastest and most affordable AI model in its intelligence class. Boasting state-of-the-art vision capabilities and strong performance on industry benchmarks, Haiku is touted as a versatile solution for a wide range of enterprise applications. The model is now available alongside Anthropic’s Sonnet and Opus models in the Claude... Read more » The post Anthropic says Claude 3 Haiku is the fastest model in its class appeared first on AI News.