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Innovation News
Medium
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“Why Greatness Cannot be Planned”
- The book titled 'Why Greatness Cannot be Planned' by Joel Lehman and Kenneth Stanley is a self-help book disguised as a computer science research exposition.
- The book discusses the importance of luck and networking in achieving success, highlighting that hard work and intelligence are not the only factors.
- Joel Lehman and Kenneth Stanley are researchers in computational evolution and artificial intelligence respectively, and the book is published by Springer Verlag.
- The book challenges the notion that success can be planned and provides insights into the role of unpredictability in achieving greatness.
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Pymnts
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The Data-Ready Deficit Looms Large for the Platform Economy
- Only 28% of platform businesses consider themselves fully data-ready.
- Higher levels of data readiness lead to a 32% increase in customer retention rates.
- 54% of companies using real-time insights can tailor their offerings more effectively to meet customer demands.
- 63% of platform businesses plan to adopt artificial intelligence and machine learning for enhancing data analytics capabilities.
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Medium
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The Dance of Eternity (28)
- The Theory of Planned Happenstance advises individuals to view unexpected events and uncertainties as sources of growth and opportunity.
- John D. Krumboltz formalized the idea that individuals can attract luck by taking actions to make luck more likely.
- Krumboltz emphasized cultivating a mindset of 'Planned Happenstance' to transform unexpected events into sources of inspiration and professional advancement.
- Steve Jobs' insight of connecting past experiences aligns with Krumboltz's philosophy of accumulating a variety of experiences to increase chances of success and innovation.
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Medium
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Revolutionising Healthcare: The Transformational Role of AI
- AI is revolutionizing healthcare, transforming diagnostics and treatment.
- Key applications of AI include diagnostic accuracy, personalized medicine, patient monitoring, drug discovery, and predictive analytics.
- AI enables accurate diagnosis and early detection of diseases, such as cancer, improving treatment planning.
- AI facilitates personalized treatment plans based on individual patient data, reduces side effects, and enables remote patient monitoring.
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Medium
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From steel to silicon: How America’s industrial history is revolutionizing data centers of the…
- Rust Belt's previous industrial sites are being repurposed as digital infrastructure facilities, especially data centers, in the age of artificial intelligence and high-performance computing. This digital transformation is causing local economic revitalization around these facilities.
- Industrially rich areas in regions such as Pennsylvania, where steel mills once dominated the landscape, are providing advantages for digital infrastructure facilities, such as existing electrical, water, and waste infrastructure, competitive energy rates in the PJM energy market and a skilled workforce.
- The digital transformation provides new opportunities for the local workforce, including former industrial workers, as they retrain to work in these critical installations.
- Agile design and deployment techniques are being used to scale operations in a fraction of the time required for traditional construction projects.
- The potential for continued growth is considerable. The global AI market is predicted to grow and reach $827 billion by 2030, providing ample opportunities for digital infrastructure growth and local economic revitalization.
- Additionally, a commitment to sustaining green energy solutions in the region serves as a strategic imperative for these facilities, which require large amounts of electricity and use carbon-enabled operations.
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Medium
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The Innovative Rise: NeuroScore, an AI-Based Testing System for Alzheimer’s Disease
- NeuroScore is an AI-based testing system developed for the early detection and monitoring of Alzheimer’s disease.
- It analyzes structural MRI brain scans using advanced machine learning algorithms to assess neurodegeneration associated with Alzheimer’s.
- NeuroScore provides a comprehensive score reflecting disease progression, allowing for early intervention and improved patient outcomes.
- With applications in clinical settings and potential for medtech startups, NeuroScore contributes to the advancement of Alzheimer’s diagnostics and prevention.
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Pymnts
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AI Antitrust Fears for Big Tech as States Ramp Up Regulation Push
- Tech giants spending over $30 billion on AI startups raises antitrust concerns.
- States introduce nearly 700 AI-related bills, a 400% increase from the previous year.
- Colorado enacts comprehensive AI regulations, becoming the first state to do so.
- Congress considers bills to regulate AI in the workplace, addressing algorithmic bias and employee surveillance.
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Pymnts
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ABBYY Rolls Out AI Center to Boost Business Automation
- ABBYY is introducing new capabilities for artificial intelligence to help companies bolster automation.
- The AI innovations are centralized in the company’s Purpose-Built AI Center, where businesses can access information about ABBYY’s AI tools.
- ABBYY intelligent document processing (IDP) offers a secure LLM gateway to extract data while validating its presence in documents.
- Brewery giant Carlsberg implemented AI-powered intelligent document processing and saved 140 hours a month with minimal human intervention.
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Pymnts
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Expense Management Is Undergoing a Revolution, but Legacy Systems Hold Firms Back
- Expense management is undergoing a revolution with the adoption of digital solutions that automate expense tracking and management.
- Legacy systems and traditional payment rails are hindering the full potential of expense management innovation.
- The transition to modern B2B payment platforms requires time, investment, and operational overhaul for companies with legacy systems.
- Collaboration between financial service providers, software developers, and legacy-reliant companies is crucial for modernizing expense management infrastructure.
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Medium
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Mastering Product-Market Fit: A Product Manager’s Guide to Building What People Really Want
- Product-market fit represents a sustainable match between your product and a defined market’s needs.
- Finding product-market fit requires experimentation, learning, and iteration.
- The Lean Product Playbook outlines a practical approach to achieving product-market fit.
- Google Glass serves as an example of a product that missed product-market fit despite groundbreaking technology.
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Pymnts
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Airwallex Reportedly Targets $6 Billion Valuation in New Funding Round
- Airwallex is in discussions to raise $200 million in a new funding round.
- The Singapore-based company aims for a $6 billion valuation.
- Airwallex's services include bill payments, expense management, and multi-currency debit cards.
- The company reported a yearly processing volume of over $100 billion and reached cash flow positivity last year.
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Sap
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Future-Proof Innovation: Industrial Data Sharing with Manufacturing-X
- The Manufacturing-X initiative makes a new type of data exchange possible between industrial partners – innovative, self-determined, and trust-based.
- Manufacturing-X was launched as part of the Industry 4.0 platform, aims to promote digital ecosystems and establish an international standard for data exchange.
- The initiative is part of an industry-wide initiative of the German government with various projects for different industrial sectors.
- The common aim of the projects is to establish a new form of data exchange unlike the traditional model which is successful but only as long as companies work with close partners.
- Manufacturing-X creates a framework for industrial data sharing, making it more secure for companies to share data. The goal is to complete the digitization of customers.
- The data sovereignty remains with the owner of the data, but the data can be provided within a narrow framework with a legal and technical structure that prevents abuse.
- SAP has a strong interest in completing the digitization of its customers and drive the emerging industry standard for data exchange.
- New sovereign data exchange formats are to be created for the industry, based on European Union values such as transparency, controllability, portability, and interoperability.
- SAP opens its own products and applications that are already on the market for working with this new standard thereby making industrial data sharing according to Manufacturing-X standards a solid part of SAP's portfolio.
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Silicon
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AMD Reports Strong AI Chip Sales, Investors Unimpressed
- AMD reports strong growth in data centre unit, but outlook in line with expectations fails to impress investors.
- AMD reported doubled sales for its data centre unit as demand rose for its AI chips, beating analysts' expectations.
- Investors sent AMD's shares down 7 percent in after-hours trading, despite overall revenues exceeding expectations.
- AMD raised its forecast for AI chip sales to $5bn this year and expects about $7.5bn in sales for the fourth quarter.
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Silicon
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OpenAI Working With Broadcom, TSMC On First AI Chip
- OpenAI is reportedly working with Broadcom and TSMC to manufacture its first in-house AI chip focusing on inference tasks by 2026, aiming to diversify its supply of specialised processing power.
- The increasing demand for AI infrastructure has caused shortages of Nvidia chips, leading OpenAI to explore alternative chip suppliers.
- OpenAI plans to use AMD AI chips alongside Nvidia chips via Microsoft Azure cloud infrastructure deployments.
- OpenAI has partnered with Broadcom and secured manufacturing capacity with TSMC to produce its custom-designed chip in 2026.
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3 Likes
Silicon
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100
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EU Electric Vehicle Duties Come Into Force After China Talks Fail
- The European Union is set to impose tariffs on electric vehicles (EVs) manufactured in China due to unfair state subsidies.
- The EU aims to protect its own EV industry from potential competition and business closures.
- China's BYD, Geely, and SAIC face tariffs ranging from 17% to 35.3%.
- Germany opposes these measures, which have resulted in the suspension of Chinese carmakers' expansion plans in Europe.
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