Welcome to our This Week in AI roundup. Welcome to our This Week in AI roundup. Our goal with this roundup is to provide an overview of the week's most important news and industry developments.
This week we have stories about the EU's proposed AI restrictions, companies working on AI for trading and investing, and applying AI to climate change.
Can AI Help Speed Up Climate Action?
There are two types of technological solutions to climate change: vertical and horizontal solutions.
Low-carbon fertilizers that help cut emissions in agriculture are an example of vertical solutions that address pollution in one industry. Horizontal solutions are those that solve challenges across a variety of industries, such as lithium-ion batteries that not only EVs but also help to better integrate renewables into the energy mix.
Artificial intelligence is an example of a horizontal technology that has a lot of potential for reducing global warming emissions. The list of issues that AI can solve is extensive, and the number of companies that are utilizing AI to solve some of those issues is even longer.
The author highlights five ways to think about AI’s climate applications:
- Distilling data into actionable insights
- Optimizing complicated systems
- Accelerating scientific discovery
- Making climate simulations quicker
- Improving predictions
8 Companies Working on AI for Trading & Investing
With the overwhelming amount of traditional and alternative data available to investors, AI and machine learning are well suited to improve the research process as it can distill billions of data points into actionable trading insights.
There are many different applications of AI and machine learning for trading and investing—from sentiment analysis for text data, stock rankings, classification, crypto on-chain analysis, and more.
In this article, we've put together a list of 8 companies are that are helping investors improve their research process with AI and machine learning.
Amazon Q2 Earnings: Using AI to Analyze the Quarter
Amazon (AMZN) released its Q2 earnings after the market close yesterday. In this article, we use AI and machine learning to analyze the quarter. In particular, we look at how several ML-based indicators are ranking the stock at current levels.
EU's Proposed AI Restrictions Could Cost its Economy $36 Billion
According to the Center for Data Innovation, the Artificial Intelligence Act, a proposed law put forward by the European Commission, the EU's executive arm, will be the "world's most restrictive regulation of AI."
Artificial intelligence (AI) is already being used to power goods like Google, Apple, and Facebook, but politicians in Europe are concerned about the consequences. According to the report, "compliance constraints" would cost European firms 10.9 billion euros annually by 2025, or 31 billion euros over the next five years.
That's it for this edition of This Week in AI, if you were forwarded this newsletter and would like to receive it you can sign up here.