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Last year generative artificial intelligence (AI) took the world by storm as advancements populated news and social media. Investors were swarming the space as many recognized its potential across industries. According to IDC, there is already a 26.9% increase in global AI spending compared to 2022. And this number is forecast to exceed $300 billion in 2026.

It’s also caused a shift in how people view AI. Before, people thought of artificial intelligence as an academic, high-tech pursuit. It used to be that the most talked-about example of AI was autonomous vehicles. But even with all the buzz, it had yet to be a widely available and applied form of consumer-grade AI.

Digital chips have revolutionized the world beyond all recognition. Yet, despite their enormous advantages to computing, for power-hungry processes like AI, analog might be best.

Digital computer chips are the mainstay of our current digital age.

They are found in almost any device that uses electricity, from fridges to cars and your cell phone. But their predecessor, analog chips, could be about to have a resurgence.

In the past, analog chips governed computing, operating over continuous value ranges.


Visualspace/iStock.

United Airlines and California-based startup Archer Aviation have announced plans to use flying cars to ferry passengers between Chicago’s O’Hare International Airport and a “vertiport” just minutes from downtown.

“I’m pleased that Chicago residents will be among the first in the nation to experience this innovative, convenient form of travel,” said Chicago Mayor Lori E. Lightfoot.

The megacity challenge: With 9.6 million residents, Chicago is the third largest metro area in the US, and experts predict the population is going to exceed 10.6 million people by 2050.

Vinay is the CEO and Founder of Arya.ai, the AI cloud for safe & responsible AI.

From self-driving cars to virtual assistants, AI is driving us to a high-performing ecosystem, creating promising use cases across industries every day. While organizations are generating substantial value with artificial intelligence (AI), the technology has many potential risks. Although its capabilities are expanding daily, so are the regulations, risks and ethical pitfalls around AI. Let’s discuss AI’s potential risks to individuals and society and industries’ preparedness to mitigate them.

Reliability is critical to ensuring the effective and safe deployment of AI models in real-world applications. While AI models are expected to maintain accuracy, their performance can drift over time due to several factors. Failure to monitor and diagnose AI models can lead to inaccurate predictions and high-stakes issues.

Biden’s energy policy is paying off big time.


SEOUL, May 26 (Reuters) — South Korea’s Hyundai Motor Group and LG Energy Solution Ltd (LGES) (373220.KS) on Friday said they will build a $4.3 billion electric vehicle (EV) battery plant in the United States amid a push to take advantage of tax credits.

Manufacturers must adhere to new U.S. sourcing requirements for EV battery components and critical minerals so that buyers of their vehicles can qualify for up to $7,500 in tax credits under the Inflation Reduction Act (IRA).

Vehicles from Hyundai Motor Co (005380.KS) and sister automaker Kia Corp (000270.KS) are currently not eligible.

The Tesla Model Y was the world’s best-selling car in Q1 2023, marking the first time ever that an EV has achieved this feat, according to industry analyst JATO Dynamics.

Model Y sales have been growing around the world for the last few years, putting the car on the trajectory to become the world’s best-selling vehicle. The feat was first predicted even before the car came to market, as Tesla thought the car could see up to a million units of demand per year.

It was an ambitious goal at the time, with many considering it another example of an “optimistic” Tesla prediction, but last year Tesla said the Model Y was on track to become the world’s best-selling car in 2023.