EU Official Warns Against Unfounded Fears of Artificial Intelligence; Visa to Invest in Next-Generation AI
In today’s AI roundup, significant developments in artificial intelligence took place. Vera Jourova, a senior EU official, cautioned against basing the bloc’s forthcoming AI legislation on unfounded fears, as it could result in overly strict regulations that impede AI’s progress. Additionally, Visa announced its intention to invest $100 million in generative AI-focused companies. Stay tuned for more details on these stories.
EU official warns against AI paranoia
Vera Jourova, the European Commission’s vice-president for values and transparency, told the Financial Times that fear of a dystopian future and paranoia about emerging technology should not be the basis for finalizing AI regulations. Jourova is also one of the two commissioners overseeing the entry into force of the Artificial Intelligence Act.
“There should be no paranoia when assessing the risks of artificial intelligence. It must always be a solid analysis of potential risks. We should not label as risky things that do not appear to be risky at the moment. There should be a dynamic process where when we see that technologies are being used in risky ways, we can add them to the risky list later,” he said.
Visa invests in artificial intelligence companies
Visa has revealed its big plans to invest in companies actively working on generative artificial intelligence, according to a Bloomberg report. Visa is particularly interested in companies that build tools for how trade can be conducted in the future under the influence of artificial intelligence.
“Given the potential for generative AI to be one of the most transformative technologies of our time, we’re excited to expand our focus to invest in some of the most innovative and disruptive venture-backed startups that build at the intersection of generative AI, commerce and payments,” David Rolf , head of Visa Ventures, told Bloomberg.
Nvidia AI chip prices rise in Japan
A weaker yen is causing a sharp increase in the prices of semiconductor equipment for Nvidia’s Japanese data centers, boosting costs for developers of generative artificial intelligence, according to a report from Nikkei Asia.
GDEP Advance, an enterprise solutions company and Nvidia’s authorized sales partner, recently increased the September list price of its state-of-the-art H100 GPU by 16% to ¥5.44 million ($36,300). , which represents a substantial increase of about ¥700,000.
Bryan Health uses artificial intelligence to detect weapons brought into the emergency room
After one-third of hospitals surveyed in Nebraska, USA, revealed that violence on the facility’s premises is on the rise, some hospitals have come up with unique solutions. Among them is that Bryan Health is using artificial intelligence to screen people for guns when they arrive at the emergency department, according to a Nebraska News report. This advanced system is known as Evolv.
“We measure and look at incidents of violence in the workplace, and the West ED was higher than other areas of the hospital,” said Jeff Bliemeister, Bryan’s director of safety.
AI startup Stampli raised $61 million
On Tuesday, Stampli Inc., a startup that specializes in artificial intelligence-based tools to make it easier for businesses to pay bills, announced that it had secured $61 million in new funding for its operations, according to a Bloomberg report. The funding round was led by funds managed by Blackstone Inc., although the company did not disclose its current value.
Stampl CEO Eyal Feldman stated, “Artificial intelligence came back into fashion, and we’ve actually been using it for a long time.”
With this capital investment, Stampli has now raised more than $148 million since its founding in 2015. Feldman announced that the startup plans to use the new funds to grow its workforce from 250 to about 350 employees. He also hinted at the company’s future. plans and say they are “starting to think and prepare” for a possible IPO.
