Artificial Intelligence- the futuristic technology- is making strides towards the welfare of humanity through its varied tools, applications and innovations.
Experts predict that the 2020 decade will witness some incredible developments in the AI sector with potential to bring radical changes in the way we live, work and socialise.
While it is difficult to predict what future holds for AI, we can say with certainty that the reality will be far more grounded than what’s depicted in movies about an AI dominated society.
Several multinational companies and governments are currently engaged in researching AI and a few big projects have already been rolled out for the general public. In this article, we will highlight the top six AI projects that are already making waves.
1. ChatGPT
ChatGPT, created by OpenAI, is undoubtedly the most popular AI chatbot which uses ‘natural language processing (NLP)’ to converse to and fro and answer most of the questions ranging from household fixes to space sciences.
ChatGPT is an advanced version of GPT-3.5, a text-generating language model. It has been specifically developed for conversational use through Reinforcement Learning with Human Feedback (RLHF), a technique where human demonstrations and preference comparisons are utilized to guide the model’s responses towards more desirable behaviors.
One can assign numerous tasks to ChatGPT, including solving mathematical equations, writing codes in any programming language, extracting data from the internet, writing essays or books, elaborating technical terms, among others.
2. SingularityNET: One-Stop Destination for AI Services
SingularityNET (AGIX) is a decentralised marketplace for AI services, enabling developers and organisations to create, share, and monetize AI technologies at scale.
SingularityNET offers a diverse range of AI services, including machine learning models, data analysis tools, and robotics software. Notable services include the Domain-Specific Language (DSL), an AI agent network for task delegation, and OpenCog Hyperon, an open-source AI framework for developing general AI models.
By leveraging blockchain technology, SingularityNET (AGIX) facilitates interactions between AI algorithms, allowing them to share data and collectively improve over time. The platform’s native cryptocurrency, AGIX, is used for transactions and governance, allowing token holders to vote on key decisions.
The platform’s utility extends to customizable AI models for speech recognition, image generation, and real-time voice cloning.
3. Elon Musk’s X.AI and Project 2.0
X.AI, also known as xAI, is an artificial intelligence company founded by tech mogul Elon Musk in March 2023. The company’s ambitious goal is “to understand the true nature of the universe,” but it also focuses on developing advanced AI models capable of high-level mathematical reasoning and other complex tasks.
X.AI has accumulated impressive investment, with a $6 billion funding round in 2024, valuing the company at approximately $18 billion.
One of X.AI’s flagship projects is the Grok series of AI models. Grok-1, a 314 billion parameter Mixture-of-Experts model, was released in March 2024. This model is designed to handle a wide range of tasks, though it is not fine-tuned for specific applications.
Following Grok-1, the company introduced Grok-1.5, which features improved reasoning capabilities, particularly in coding and mathematical problem-solving, and can process long contexts of up to 128,000 tokens. This allows Grok-1.5 to handle more complex and extensive prompts, enhancing its utility in various applications.
The company is also planning significant physical infrastructure developments, such as building the world’s largest supercomputer in Memphis, Tennessee, to support its AI research and applications.
Optimus 2.0: A Humanoid Robot By Tesla
Optimus 2.0, also known as the Tesla Bot, is the latest iteration of Tesla’s humanoid robot, designed to perform various tasks autonomously. Unveiled by Elon Musk, this version includes several enhancements over its predecessors, showcasing significant improvements in dexterity, mobility, and utility.
Elon Musk sees Optimus as a versatile tool that can eventually be used not only in industrial settings but also in homes, performing everyday tasks. The anticipated cost of the robot is expected to be less than $25,000, making it relatively affordable compared to other advanced robotics systems.
Some of the key features and capabilities of Optimus 2.0 include enhanced dexterity and mobility with 22 degrees of freedom (DoF) which is almost equal to 27 DoF of humans and autonomous operations designed to handle tasks using integrated neural networks.
4. Biofourmis: Revolutionizing Healthcare
Biofourmis, a pioneering digital therapeutics company, has developed a remote patient monitoring platform in early 2024. This AI innovation has been aimed to enhance healthcare delivery by leveraging advanced biosensors and AI analytics to track patients’ vital signs and health metrics in real-time.
The platform helps the patients by enabling timely interventions and reducing hospital visits. It also empowers patients with chronic conditions to manage their health more effectively from home, alleviating the burden on healthcare facilities.
How It Works :
Biosensors: Patients wear non-invasive biosensors that continuously collect data on vital signs such as heart rate, respiratory rate, and body temperature.
Data Transmission: The collected data is transmitted securely to the Biofourmis platform, where it is analysed by AI algorithms.
AI Analytics: The AI system processes the data to detect anomalies, predict potential health issues, and provide actionable insights to healthcare providers.
5. South Korea’s AI-based Public Safety Platform
In February 2024, South Korea launched an AI-based public safety platform to enhance emergency response and disaster management. This platform integrates various AI technologies to monitor, predict, and respond to public safety threats.
The AI-based platform enhanced South Korea’s ability to prevent and respond to public safety threats, ultimately saving lives and reducing the impact of disasters. It also demonstrated the potential of AI in improving public safety and emergency management on a national scale.
How It Works:
1. Data Integration: The platform collects data from multiple sources, including CCTV cameras, social media, and weather sensors.
2. AI Analysis: AI algorithms analyse the data to identify patterns and predict potential safety threats such as natural disasters, traffic accidents, and criminal activities.
3. Real-time Alerts: When a potential threat is detected, the system sends real-time alerts to relevant authorities and the public, facilitating quick and effective responses.
6. Kensho’s AI-powered Analytics for Investment Research
Kensho, a leading provider of AI solutions for finance, unveiled its AI-powered analytics platform for investment research in March 2024. This platform aims to revolutionize how financial analysts and investors conduct research and make investment decisions.
Kensho’s AI-powered analytics platform improvs the efficiency and accuracy of investment research, enabling analysts to make more informed decisions. It also provides investors with deeper insights into market dynamics, leading to better investment outcomes.
How It Works:
1. Data Aggregation: The platform aggregates vast amounts of financial data from various sources, including market data, company reports, and news articles.
2. AI Processing: AI algorithms analyse the aggregated data to uncover trends, correlations, and insights that might be overlooked by traditional research methods.
3. Insight Generation: The platform generates actionable insights and predictions about market movements, company performance, and investment opportunities.
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