The objective of a recently established artificial intelligence research lab is to address the most urgent challenges in the field by taking inspiration from the animal kingdom. This includes studying the collective movements of fish schools or the coordinated behavior of bee colonies. As many of the industry’s top companies strive to outdo each other by building ever-larger AI systems, Sakana, which takes its name from the Japanese word for fish, believes it can do more with less data. The startup plans to make several smaller AI models, the kind…

Cisco Systems Inc., the leading producer of computer networking devices, experienced its biggest increase in six months as the company highlighted advancements in AI and security technology. This development alleviated worries regarding a decline in sales. Cisco, which reports fourth-quarter financial results on Wednesday, is emerging from a spike in demand fueled by supply shortages at the end of the pandemic era. Although growth has now slowed sharply from last year’s surge, CEO Chuck Robbins pointed to a bright future with more flat revenue — thanks to subscription-based services —…

In the realm of artificial intelligence, an eventful day unfolded. The UK government disclosed its intention to organize an AI summit in early November 2023, which will welcome delegates from various nations. Additionally, Tencent Holdings, a Chinese conglomerate, announced its upcoming release of a self-developed AI foundational model by year-end. These stories and more are covered in today’s AI roundup, providing a deeper insight into the latest developments. The UK is hosting an AI summit The UK government announced today that it will host an AI summit on AI security…