The world of artificial intelligence (AI) is rapidly evolving, with breakthroughs in technology and innovation. In this news brief, we'll explore the latest developments in AI, from the European Union's €200bn InvestAI initiative to the impact of DeepSeek on the AI market.
EU Launches €200bn InvestAI Initiative
The European Union has unveiled the InvestAI initiative, aimed at mobilising a total of €200bn to bolster investment in AI. The investment includes a new European fund of €20bn to support development of AI gigafactories, which will be equipped to train the “most” complex, very large, AI models. The gigafactories will feature around 100,000 “last-generation AI chips” and will focus on training highly complex AI models to drive breakthroughs in domains such as medicine and science.
DeepSeek's Impact on the AI Market
DeepSeek, a Chinese startup, has made waves in the AI market with its high-performing and inexpensive large language model. The release of DeepSeek has led to a 30x pricing difference between the token prices, or the cost of use, of DeepSeek and the market leader OpenAI. This deflationary trend is expected to continue as AI research progresses and more competition enters the field.
Radiology AI Firm Harrison.ai Raises $112M
Harrison.ai, an Australia-based radiology AI firm, has raised $112 million in capital with plans to open a new office in the U.S. The company offers Annalise Enterprise CXR, which leaders believe is the most comprehensive decision aid for X-ray reading, able to identify up to 124 findings.
Amazon's AI Business
Amazon is leveraging the DeepSeek launch to its benefit, incorporating DeepSeek into its AI platform. Amazon's AI business is focused on the output of models like DeepSeek, and it offers cloud-computing customers through Amazon Web Services (AWS) a list of foundation models to use in developing AI applications.
5G and AI in Healthcare
Telefónica is applying 5G and Artificial Intelligence to healthcare with solutions in ophthalmology and oncology. The solutions aim to improve healthcare services by using 5G connectivity, edge computing, and Artificial Intelligence.
US Workforce Believes GenAI Boosts Productivity
A new report reveals that 82% of the US workforce believes that generative artificial intelligence (GenAI) boosts productivity. However, workers are also becoming increasingly anxious about job displacement, with 50% of frequent users worrying that GenAI could eventually eliminate their specific job.
Key Takeaways
- The European Union has launched the €200bn InvestAI initiative to bolster investment in AI.
- DeepSeek's high-performing and inexpensive large language model has led to a 30x pricing difference between the token prices of DeepSeek and OpenAI.
- Harrison.ai, an Australia-based radiology AI firm, has raised $112 million in capital with plans to open a new office in the U.S.
- Amazon is incorporating DeepSeek into its AI platform to grow its AI business.
- Telefónica is applying 5G and Artificial Intelligence to healthcare with solutions in ophthalmology and oncology.
- 82% of the US workforce believes that GenAI boosts productivity, but workers are also becoming increasingly anxious about job displacement.
Sources
- EU launches €200bn InvestAI initiative for AI gigafactories
- Four ways DeepSeek could change everything
- Seed2Table: Government, Defense, Cybersecurity, and AI
- Radiology artificial intelligence firm Harrison.ai raises $112M, opens US office
- DeepSeek Is Here: How Amazon Is Using It to Grow Its Artificial Intelligence (AI) Program @themotleyfool #stocks $AMZN
- Telefónica applies 5G and Artificial Intelligence to healthcare with solutions in ophthalmology and oncology
- 82% of US Workforce Believes GenAI Boosts Productivity
- DeepSeek Is Here: How Amazon Is Using It to Grow Its Artificial Intelligence (AI) Program
- China’s Stocks May Get an Extended AI Boost
- The future of product design: evolution, emerging technologies and AI