Of respondents at AI high-performing companies, 75% report that AI spending across business functions has increased because of the pandemic, according to the Global Survey on AI from McKinsey for 2020. These organizations are using AI to generate value, which is increasingly coming in the form of new revenue. Three experts discussed the implications of this growth with AI Trends in interviews in anticipation of the AI World Executive Summit: The Future of AI, to be held virtually on July 14, 2021.
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Three finalists selected in $4.5 million Watson AI XPrize competition
Three finalist companies have been named in the $5 million IBM Watson AI XPrize competition that aims to demonstrate how humans can collaborate using AI technologies to tackle some of the most pressing issues facing our world. The finalists were selected from a pool of 10 semifinalists following presentations of their solutions to a panel of judges.
Read MoreHow AI is helping with COVID-19 Vaccine rollout and tracking
AI has been employed since the early days of the COVID-19 pandemic to track the spread of positive cases, to crunch through thousands of scientific papers to search for treatment options and to help develop a vaccine. Now AI and other digital tools are being deployed to manage complex supply chains for the vaccine.
Read MoreAI tools assisting with Mental Health issues brought on by Pandemic
The pandemic is a perfect storm for mental health issues. Isolation from others, economic uncertainty, and fear of illness can all contribute to poor mental health — and right now, most people around the world face all three.
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