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Innovation News
Silicon
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Tesla Recalls 2,431 Cybertrucks Over Propulsion Issue
- Tesla announced its sixth recall of its Cybertruck vehicles, this time recalling 2,431 due to defective drive inverters that could result in a crash.
- The vehicle was made available for sale in November 2023 and Tesla has been affected by delays due to production problems and battery supply constraints.
- This is a physical recall for the vehicle and cannot be rectified with an over-the-air software update.
- Faulty inverters could cause drivers to lose the ability to apply torque to their vehicles using the accelerator pedal, resulting in loss of propulsion.
- Tesla issued previous recalls in April due to a fault that caused the accelerator pedal to stick, and a further recall in June over issues with Cybertruck windscreen wipers and exterior trim.
- The faulty inverter could cause the driver to lose propulsion, resulting in a crash.
- The recall will involve 3 hours of free replacement work for Cybertruck owners.
- Tesla is currently facing four documented NHTSA investigations over possible safety defects and a criminal probe by the US Department of Justice over claims its vehicles can drive themselves.
- Elon Musk's appointment to co-leading a non-government department has raised concerns that this could result in even less regulation in the United States.
- The concern is this could result in changes to federal motor vehicle safety standards.
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Medium
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AI In Cancer Research, Robotics Safety, And No-Code App Tools
- AI is being applied to cancer research and has shown potential in drug discovery, treatment planning, and precision oncology.
- AI is also enhancing cancer surveillance by streamlining data extraction.
- AI-powered chatbots are being explored to provide more accessible cancer care, while AI-driven robotics is transforming cancer healthcare by enhancing safety and care quality.
- AI-enhanced robotics helps perform complex cancer surgeries with increased accuracy and safety and has shown significant impact in radiation therapy.
- The integration of AI in robotics for cancer care raises important ethical considerations.
- AI-powered applications with natural language processing are improving how patients communicate with healthcare providers and navigate the healthcare system.
- AI is being used to analyze extensive amounts of data, identify patterns, diagnose patients and plan customized treatments.
- No-code platforms powered by AI are facilitating AI integration and enabling healthcare providers to rapidly build customized applications.
- Digixvalley is a leading player that empowers healthcare providers with no-code platforms to transform healthcare through AI-powered solutions.
- AI has promising potential to improve both our understanding of the disease and the care we provide patients who are battling cancer.
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Pymnts
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MoneyLion CEO: Checkout Extends Our Evolution From Neobank to Financial Services Marketplace
- MoneyLion is not just a neobank, it is a financial services marketplace where consumers can access a variety of financial service products, including insurance, investments, credit and bank accounts.
- MoneyLion has adopted an Amazon-style approach to make it easy for consumers to discover and “check out” financial services products through its one-stop ecosystem.
- To address friction in the financial services process, MoneyLion has created a one-stop ecosystem that offers access to multiple services without the need to start the application process fresh.
- MoneyLion has launched a marketplace called MoneyLion Checkout that enables consumers to search, apply for and complete transactions across third party financial products.
- The company’s enterprise business grew 17% in Q3 compared to Q2, contributing to a top-line growth of 23% of $135m. MoneyLion has pivoted away from being a direct-to-consumer model, with first party products accounting for more than 90% of MoneyLion’s business.
- Partner companies connect to the MoneyLion network directly or via APIs. The company is taking the technology it built for its consumer business and making it available to enterprise partners.
- The MoneyLion population largely mirrors the US economy, and there is pent-up consumer demand for its products. The company is investing in its brand and raising awareness among consumers.
- In September, MoneyLion and TransUnion partnered to boost personalisation within consumer finance. The two companies are using bank verification data and AI to clean data and create a personal financial management tool.
- MoneyLion aims to become a must-have for the mass audience of the US.
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Medium
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Nvidia GeForce for Windows Vista 18y ago
- NVIDIA GeForce graphics card showcased for Windows Vista 18 years ago.
- NVIDIA surpasses Apple in market value, becoming one of the largest companies.
- Key milestones in NVIDIA's journey include the release of NV1, RIVA 128, GeForce 256, and CUDA.
- NVIDIA's focus on AI, acquisition of Mellanox Technologies, and dominance in AI chip market are key factors in its success.
- Future plans for NVIDIA include expanding into automotive, robotics, metaverse technologies, and other markets.
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Pymnts
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No Coding Required: AI Prompts Create Custom Software
- A new wave of AI tools is allowing non-technical employees to create custom software by describing their needs.
- Tech startup Agemo offers AI tools that enable faster deployment times and lower costs.
- AI-powered software development tools like Agemo's reshape coding and project management, automating tasks and speeding up development cycles.
- The rise of AI-powered software development raises concerns about security and system reliability.
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Pymnts
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AI Writing Tools Aim to Reshape How Companies Sell Online
- AI writing platform Writer raised $200 million in funding, valuing the company at $1.9 billion.
- AI tools are reshaping online commerce by enabling businesses to generate tailored content quickly.
- Companies like Writer, Grammarly Business, and Jasper AI offer AI solutions for efficient content creation and management.
- While AI tools improve efficiency, concerns arise about potential decline in essential writing skills and the need for human oversight.
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Medium
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Penny Wise-Efficiency With Every Cent
- Penny Wise is aiming to educate and empower young adults in Africa to take control of their financial future.
- It addresses the gap in financial literacy in many parts of the continent and provides tools and knowledge to build sustainable financial habits.
- Penny Wise goes beyond basic budgeting and aims to provide interactive and personalized financial education.
- It tailors its offerings to young adults in Africa, addressing their specific challenges and financial behaviors.
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Silicon
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Apple To Launch AI Wall ‘Tablet’ – Report
- Apple is reportedly developing a new AI display for smart home control.
- The display, codenamed J490, will feature Siri smart assistant and Apple Intelligence AI platform.
- It will interface with HomeKit-compatible devices and have sensors to detect user proximity.
- Apple is expected to announce the device in March 2025.
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Hackernoon
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Tech Innovation and Cross-Industry Impact: Syed Aamir Aarfi on AI/ML Integration
- Emerging technologies like AI and machine learning are being integrated into established industries such as e-commerce, supply chain and SaaS applications.
- Syed Aamir Aarfi is a seasoned Senior Product Manager with vast experience in technical product leadership across different industries including AI and ML landscape.
- A pragmatic approach is key to successful AI/ML adoption; it requires determining whether an AI/ML solution provides exponential value over alternative approaches. Aarfi stresses the importance of identifying areas within sectors where AI/ML has the highest impact and fostering a culture of experimentation and learning.
- Aarfi integrates a robust quantitative analysis for his product strategies to ensure no aspect of customer feedback is overlooked. Aarfi employs an iterative process of design partnerships, rapid prototypes, data science experiments, and continuous validation cycles to refine solutions that go beyond functionality.
- Introducing AI and ML into sectors like supply chain and e-commerce presents unique challenges that Aarfi has strategically navigated.
- Aarfi’s approach to leading cross-functional teams is centered on three core principles; collaborative vision vetting, customer-centric approach, and iterative, agile process.
- Generative AI and multimodal learning are the future of SaaS, e-commerce and supply chain industries, according to Aarfi.
- Aarfi's impactful work across industries like e-commerce, supply chain, travel, and SaaS underscores his role as a tech innovator.
- His forward-thinking contributions provide a model for industries adapting to fast-paced technological change.
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Silicon
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Waymo Opens Ride-Hailing Services In Los Angeles
- Alphabet's Waymo has expanded its driverless robotaxi service, Waymo One, to Los Angeles.
- Waymo began offering limited commercial operations in LA in March 2024.
- The service area now covers nearly 80 sq miles in LA County.
- Waymo aims to continue expanding its service area in the city.
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Medium
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Beyond the Hype: Practical Uses of AI in Business You Should Know About
- AI in predictive analytics helps businesses forecast future outcomes and make informed decisions.
- AI streamlines the supply chain by enhancing demand forecasting and automating logistics.
- AI plays a pivotal role in marketing by delivering personalized customer experiences.
- AI is used in manufacturing for quality control and defect detection.
- AI revolutionizes human resources by improving hiring processes and employee management.
- AI-powered cybersecurity systems detect and respond to cyber threats in real-time.
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TechBullion
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Shaping the Future of Beauty Tech: An Interview with Perfect Corp. CEO Alice Chang on Innovation, Growth, and AI-Driven Transformation.
- Alice Chang, CEO of Perfect Corp, discussed the growth trajectory of the company in a TechBullion interview.
- Perfect Corp is a global leader with innovative solutions like YouCam apps and AI-powered virtual try-ons for makeup and skincare.
- The company serves over 700 beauty and fashion brands worldwide, leveraging cutting-edge AI technologies to enhance online shopping experiences.
- Chang highlighted the strategic investments in AI development and potential M&A opportunities aimed at sustaining momentum in a rapidly evolving market.
- Perfect Corp’s focus on skincare diagnostics and GenAI features has helped expand its market footprint while driving sustainability through digital innovations.
- The company is committed to investing in AI technology development to enhance its core capabilities.
- Perfect Corp's software leads the way in creating innovative GenAI solutions that improve user experience and streamline operations in the beauty and fashion industries.
- The company continues to invest in sales and marketing initiatives for growth and research and development to drive its expansion over the next few years.
- Perfect Corp is well-positioned to meet its customers’ evolving needs and seize emerging opportunities in the beauty and fashion landscape.
- Through its eco-friendly digital solutions, Perfect Corp provides a unique and engaging shopping experience while eliminating the need for physical product samples, helping to preserve the planet’s resources.
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Gizchina
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Tecno New Universal Tone Tech – An Interview With Fanyi Zhou, Image Quality Director
- Tecno, part of China's Transsion Holdings, has a large presence in emerging markets in Africa, Southeast Asia and Latin America, and holds around 4% of the global smartphone market.
- The brand offers a wide range of products, from budget-friendly phones to the premium Phantom series and a new foldable phone, the Phantom V Fold.
- In an interview with Fanyi Zhou, Tecno's Director of Image Quality Testing, the brand's Universal Tone technology was discussed, which aims to cater for diverse skin tones in emerging markets.
- Universal Tone technology was created to accurately represent the colour and texture of every skin tone in smartphone photography. This arose because of a common complaint among users about the inability of existing technologies to accurately capture their diverse skin tones.
- Universal Tone's approach incorporates a comprehensive skin tone database, AI-driven algorithms and regional insights, and is targeted at meeting local needs and overcoming biases in the technology industry.
- Tecno has partnered with academic institutions like the University of Leeds and NTU Singapore for the development of Universal Tone technology.
- Tecno's Universal Tone technology has the potential to significantly influence the broader smartphone industry by promoting social change, driving innovation and setting new standards for inclusivity.
- Tecno's commitment to technological advancements while keeping affordability in mind, combined with their 'glocalization' approach, has allowed them to cater to the unique needs of global consumers.
- The Universal Tone technology sets a new benchmark for skin tone representation in mobile photography, challenging traditional imaging biases and offering a more accurate, culturally sensitive portrayal of skin tones.
- Tecno's products, innovations and dedication to inclusivity make it a brand that understands and addresses the unique needs of emerging markets globally.
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Medium
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Future of AI in the Job Market: Skills to Learn Now for Tomorrow
- AI technologies are becoming integral to various sectors such as finance, healthcare, manufacturing, and retail.
- Top emerging job roles include AI specialists, data scientists, ethics and policy professionals, and AI-driven product managers.
- Skills in Python, data modeling, algorithms, data analysis tools like SQL and R, and AI fundamentals are in high demand.
- Continuous learning, adaptability, ethical considerations, and communication skills are essential for success in the AI job market.
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24 Likes
Medium
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S. Yash Kalash: On Preparing ASEAN for the Next Tech Wave
- The Digital Economy Framework Agreement (DEFA) of ASEAN aims to integrate and enhance the digital economies of member states.
- DEFA focuses on harmonizing digital policies, reducing trade barriers, and developing digital skills.
- The agreement promotes AI adoption by fostering a conducive environment, streamlining data flows, and supporting innovation.
- Challenges for ASEAN include the digital divide, skills gap, and ethical and regulatory concerns.
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