Formula One welcomes AI

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Today we will discuss-

• ⏳Nvidia delays launch of AI chip for China

• ⚖️New UK law permits AI training patents

• 🏎️Formula One to monitor race violations with AI

• 😱13 fantastic AI tools you might not have heard of

All this and more - Let's dive in!

👩‍🍳What’s cooking in the newsroom?

Nvidia faces setback in launch of new AI chip for Chinese customers

👨‍💻News - Nvidia has informed its Chinese customers that there will be a delay in the launch of the company's new AI chip, designed to align with U.S. export regulations. 

The delayed chip that was expected to launch as early as 16 November is now slated for the first quarter of next year. The chip known as H20, is the most powerful among Nvidia's trio of chips designed for the Chinese market. 

😳What does this mean for Nvidia? The tightened U.S. export restrictions have opened opportunities for Nvidia's competitors, including Huawei, to secure orders that would typically go to Nvidia.

Nvidia was counting on these new chips to sustain its market presence in China, given the impact of Washington's stricter export rules. However, the delay is likely to worsen Nvidia's market position. 

🤕How will this affect China? Well-funded Chinese tech companies, including Baidu, Tencent and Alibaba, have openly admitted that they had already secured a decent supply of Nvidia's AI chips long before Washington prohibited Nvidia from exporting them. This is because the companies were already aware of the growing tech conflict between the two nations and expected something like this to happen. 

This leaves smaller AI players who did not have the cash flow to buy Nvidia's chips in bulk. In reality, they are the only ones affected by the situation as they are now having to settle for less powerful chips that are not subject to U.S. export controls.

New UK law allows patenting of key AI technology and its training process too

👨‍⚖️News - The English High Court has overturned a previous ruling from the UK Patent Office (UKIPO) concerning the patent eligibility of key aspects of AI technology. 

The legal shift now permits the patenting of both the training process of artificial neural networks (ANNs) and the ANNs themselves in the UK.

🤖What are ANNs though? ANNs are computer systems inspired by the human brain. They learn from data to recognize patterns, make decisions, and perform tasks—similar to how humans would. They play a vital role in AI and machine learning, shaping user experiences with technology that seems self-aware, much like humans. 

🤓How will this ruling impact UK's AI sector? The decision holds considerable benefits for the UK's AI industry, increasing its appeal for investments in innovative companies and research and development efforts that will drive the advancement of AI.

According to experts, this could be particularly relevant in finance and banking sectors, where there is ongoing development of new emotional perception for natural language processing (NLP) in economic and financial crime detection, along with sentiment analysis.

Formula One explores AI use in monitoring race track violations

🏁News - The governing body of Formula One is experimenting with AI to address violations of track limits at the season-ending Abu Dhabi Grand Prix this weekend. For context, track limits are the borders of a racing track that define where drivers are allowed to drive their cars during a race. 

🤔Why do they need AI though? The overwhelming workload faced during the July 2 Austrian Grand Prix, where only four individuals had to handle around 1,200 potential violations, highlighted the need for a more efficient system. 

This need became more apparent during the title-deciding Qatar weekend in October, where eight people were assigned to assess track limits and monitor 820 corners. Despite their efforts, with 141 reports sent to race control and 51 laps deleted, some breaches remained unaddressed. 

🧐How will AI help? The FIA will utilize 'Computer Vision' technology to count pixels along the track edge. This will help in easily and quickly identifying breaches — instances where drivers fully cross the track boundary. 

Tim Malyon, the head of FIA's remote operations, explained that the idea is to employ AI similarly to its application in cancer screening. The aim is to use AI to filter out instances where there is absolutely no breach of track limits, allowing skilled professionals more time for the 20% of cases that require closer examination.

👩🏼‍💻What else is happening?

• Japan's ABCI supercomputer set for major upgrade to boost AI research capabilities

• Google to work with Indian govt to develop Responsible AI

• Microsoft plans to establish Thailand as an AI hub

• Businesses, tech groups warn EU against over-regulating AI foundation models

• Bill Gates says a 3-day work week is possible with AI so humans ‘don’t have to work so hard’

😎Cool AI inventions

• Smart vacuum - Roomba, an intelligent vacuum created by the company iRobot, is known for its AI-driven capabilities. It scans room size, identifies obstacles, and memorizes efficient cleaning routes. This self-deploying device can assess vacuuming needs based on room size, operating seamlessly without human assistance.

• Sea exploration robot - Developed by mechanical engineering students at ETH Zurich, Belle is an autonomous fish robot engineered to explore the seas and gather crucial data about marine life while minimizing environmental disruption. The primary objective of this robotic fish is to contribute to the study of underwater organisms, investigating factors like overfishing and climate change.

• Self-driving stroller - Ella, an AI-Powered Smart Stroller integrated with revolutionary self-driving technology, was designed by a Canadian startup to assist caregivers. Equipped with features similar to autonomous vehicles, it boasts a dual-motor design for uphill walks and automatic downhill brake assistance. Besides this, it is also capable of self-driving when the child is not present. 

👩🏼‍🚒Discover mind-blowing AI tools

1. Pic A Pet Name - An online platform that helps pet owners find the perfect name for their pets

2. Magnific - An AI-powered image upscaler and enhancer that increases the resolution and detail of images

3. Jupitrr AI Video Maker - A tool that automates the process of creating videos for content marketing

4. Little Artist - An AI-powered tool that transforms children's drawings into professional-level artwork

5. Rewin - A content creation tool that helps business owners, content creators, and marketers generate unique and engaging scripts

6. GPT Researcher - A tool which uses AI technology to generate detailed research reports

7. Vidby - A tool that  provides fast and accurate video translation and dubbing

8. Blinknshop - An Amazon shopping assistant that helps users find and compare products across various categories

9. Strongr Fastr - A macro meal planning tool that generates customized meal plans based on individual macronutrient goals

10. Snappy - Helps users select personalized gift choices for any budget or occasion

11. Upheal - A platform to automate notes and video calls for mental health professionals

12. Any Image to 3D - An AI system that can turn 2D images into 3D models

13. Peach Fashion Assistant - An AI fashion assistant that provides personalized styling advice and answers fashion-related questions

💬AI Twitter influencers

• Marek Rosa - He is the CEO of GoodAI.com, and shares insights on AI, innovation, and creative thinking. His updates cover projects, collaborations with AI startups, and strategies to harness technology for business growth and innovation culture.

• Terence Leung - He is an expert in product marketing with a focus on autonomous supply chains. As a Top 100 Global Thought-Leader, he offers advice on digital transformation, AI integration, and value engineering strategies, ensuring business competitiveness in a dynamic landscape.

• Giuliano Liguori - He is a renowned Digital Transformation Leader, who shares insights on thought leadership, fractional executive services, deep learning, and AI progress. He also shares guidance in driving transformation, innovation, and business evolution.