Archive for the ‘Artificial Intelligence’ Category

Ramp to introduce AI tools for tracking business costs – Reuters

May 18 - Ramp, a developer of financial management software, said it plans to offer new artificial intelligence tools from Thursday, including a feature that can determine if a company is overpaying on its software contracts.

The New York-based startup, which offers a corporate card platform used by over 15,000 businesses, has raised $1.4 billion from a slew of investors since it was founded in 2019. These include Microsoft Corp (MSFT.O) CEO Satya Nadella, Goldman Sachs (GS.N), Redpoint Ventures and Thrive Capital.

With the introduction of new AI features, corporate finance teams will have improved oversight, Ramp CEO Eric Glyman told Reuters.

For instance, companies will be able to better detect unusual employee spending in real time, said Ramp investor Logan Bartlett of Redpoint Ventures.

The new features also include an accounting co-pilot that makes doing manual tasks much faster.

Generative AI has the ability to synthesize large amounts of data and interact using humanlike language. Ramp partnered with OpenAI, the AI behind the chatbot sensation ChatGPT, to build the AI enhancements.

Reporting by Anna Tong in San Francisco; Editing by Edwina Gibbs

Our Standards: The Thomson Reuters Trust Principles.

Thomson Reuters

Anna Tong is a correspondent for Reuters based in San Francisco, where she reports on the technology industry. She joined Reuters in 2023 after working at the San Francisco Standard as a data editor. Tong previously worked at technology startups as a product manager and at Google where she worked in user insights and helped run a call center. Tong graduated from Harvard University.Contact:4152373211

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Ramp to introduce AI tools for tracking business costs - Reuters

Artificial Intelligence is Paving the Way for Intelligent Automation – BBN Times

Artificial Intelligence (AI) is reshaping the world we live in, driving advancements and transforming industries.

With its ability to simulate human intelligence, AI is revolutionizing automation by enabling machines to perform tasks that typically require human intelligence. Artificial Intelligence is paving the way for intelligent automation, transforming industries and revolutionizing the way we work and live.

There are 3 types of artificial intelligence:

From streamlining business processes and enhancing customer experiences to driving innovation and revolutionizing healthcare, AI has immense potential to reshape various sectors. As organizations embrace AI-powered technologies, they can unlock new opportunities, improve efficiency, and deliver superior experiences, ultimately driving success in the age of intelligent automation.

In this article, we delve into the potential of AI and its impact on intelligent automation across different sectors.

Artificial intelligence is streamlining business processes by automating repetitive and time-consuming tasks. Intelligent automation systems powered by AI can handle data entry, document processing, and customer support, freeing up human resources to focus on more complex and strategic activities. This not only improves efficiency but also reduces operational costs and enhances overall productivity.

The use of artificial intelligence is improving customer experiences through personalized interactions and advanced analytics. Chatbots and virtual assistants powered by AI can provide instant and accurate responses to customer queries, improving customer satisfaction and engagement. AI algorithms can also analyze customer data to gain insights into preferences, behavior patterns, and buying habits, enabling businesses to deliver tailored experiences and targeted marketing campaigns.

In addition to enhancing customer experiences,artificial intelligence is driving innovation by augmenting human intelligence and assisting in decision-making processes.

Machine learning algorithms can analyze vast amounts of data, identify trends, and make predictions, helping businesses make informed decisions and uncover new opportunities. AI-powered systems can also generate insights and recommendations, enabling organizations to stay ahead of the competition and drive growth.

Artificial intelligence is taking the healthcare industry to another level by improving diagnostics, treatment planning, and patient care. AI algorithms can analyze medical images, detect anomalies, and assist in disease diagnosis. Intelligent systems can also leverage patient data to personalize treatment plans and predict outcomes. AI-driven technologies have the potential to enhance healthcare delivery, reduce errors, and improve patient outcomes.

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Artificial Intelligence is Paving the Way for Intelligent Automation - BBN Times

BT will cut 10,000 jobs in shift to artificial intelligence – Daily Mail

By Calum Muirhead, Senior City Reporter For The Daily Mail 11:43 18 May 2023, updated 12:19 18 May 2023

BT is to slash up to 55,000 jobs by the end of the decade, with around 10,000 set to be replaced by artificial intelligence (AI).

Amid growing concerns about the impact of robots on the job market, boss Philip Jansen said the telecoms giant would be a 'huge beneficiary' of the technology.

He added: 'I do personally believe this is a huge leap forward in technology terms.'

While he acknowledged AI presented risks and companies needed to be 'careful', Mr Jansen said it was 'going to be as big as the internet and mobile phones' and would help create jobs.

'There will be loads of new services, applications, innovations and products that will emerge from this AI. BT will be able to participate in that,' he said.

But he stressed this would not mean machines will replace humans entirely, adding: 'We won't be in a situation where people feel like they're dealing with robots.'

The comments came days after Steve Hare, boss of accounting software firm Sage, said embracing AI could help 'turbocharge' productivity in the UK.

Speculation about the impact of AI on the workforce has swirled following the rise of software such as ChatGPT,which can create text and answer questions in a human-like fashion.

Other types of AI can be used to create images and videos simply from a text description.

The rapid development of the technology has been hailed by many businesses and tech leaders as a way to free human staff from low-skilled work so they can focus on more complicated tasks in a boost to the global economy.

But others have cautioned about the impact of machines on the labour market.

In March, analysts at investment bank Goldman Sachs predicted 300 million jobs could be lost or replaced by AI worldwide, particularly in areas such as administration, legal services, architecture and engineering.

Others have warned that AI's ability to create artificial images and text will make it easier for misinformation to spread.

Of particular concern are 'deepfakes', images or videos that use AI to replace the face of one person with another to create hoaxes.

Even bosses at some of the world's largest tech companies have expressed fear over the potential of AI.

Last month Google boss Sundar Pichai said the technology 'can be very harmful if deployed wrongly' and admitted the potential dangers 'keep me up at night.'

In March, Italy became the first Western country to ban ChatGPT as its regulators investigated the software's collection of user information.

The UK Government, by contrast, has said it would adopt a 'light touch' approach to regulating the technology, with Technology Secretary Michelle Donelan saying any legislation introduced now could quickly become 'out of date.'

BT's embracing of AI came as the firm outlined plans to reduce its workforce from 130,000 to between 75,000 and 90,000 by 2030.

Mr Jansen estimated around 15,000 job losses would be from staff and contractors building the company's fibre broadband internet network.

Another 10,000 reductions would be made from upgrading and turning off older networks and system meaning fewer workers would be needed for maintenance and repairs.

Elsewhere, 10,000 jobs would be cut through increased 'automation and digitisation' of the firm's customer service and other operations and 5,000 roles would be eliminated through 'normal restructuring' of the business.

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BT will cut 10,000 jobs in shift to artificial intelligence - Daily Mail

Couple uses artificial intelligence to redesign backyard: AI is truly gonna take over so many jobs – Yahoo News

Internet users have a world of possibilities in front of them now that Chat GPT has stepped into the mainstream. People have used it to do assignments, create meal plans and even run their businesses.

Now, TikTokers are using artificial intelligence (AI) to power their creativity when it comes to interior design.

Paulina Machaj (@itspaulinamac) posted a video of her using Roomgpt.io to springboard her outdoor renovation.

Revamping our courtyard with the help of AI, Machaj wrote in her post.

With the website, users input a theme theyd like to see and what kind of room the space is before uploading a picture of their current space. Then, roomgpt.io puts the AI-generated room side-by-side with the original space.

Using AI to redesign a room is a popular trend on TikTok, with the hashtag #roomgpt accredited with over 4.5 million views. Of the 1.9 million viewers of Machajs video, there were mixed reviews of the website.

Ummm, no. I thought it would suggest new furniture, wall decorations maybe some plants, said @babyk.87.

Yeah I need this when I move, replied @theblvkswan.

Roomgpt.io also allows users to gain inspiration from its interior design page, which gives a list of potential rooms to choose from and a long list of design styles.

This technology is a step further than the augmented reality software many shopping sites have.

Augmented reality overlays 3D art, while AI can only simulate consciousness by performing the data it analyzes, according to narasoft.com.

Those sites allow customers to view how the individual item would look in a room, however, it does not remake the entire space like roomgpt.io.

AI is truly gonna take over so many jobs, said @knot_typical under the video.

With a website that helps users unlock the full potential of their space, the opportunities created by AI continue to expand.

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Couple uses artificial intelligence to redesign backyard: AI is truly gonna take over so many jobs - Yahoo News

Is artificial intelligence ready for health care prime time? – Montana Free Press

What use could health care have for someone who makes things up, cant keep a secret, doesnt really know anything, and, when speaking, simply fills in the next word based on whats come before? Lots, if that individual is the newest form of artificial intelligence, according to some of the biggest companies out there.

Companies pushing the latest AI technology known as generative AI are piling on: Google and Microsoft want to bring types of so-called large language models to health care. Big firms that are familiar to folks in white coats but maybe less so to your average Joe and Jane are equally enthusiastic: Electronic medical records giants Epic and Oracle Cerner arent far behind. The space is crowded with startups, too.

The companies want their AI to take notes for physicians and give them second opinions assuming they can keep the intelligence from hallucinating or, for that matter, divulging patients private information.

Theres something afoot thats pretty exciting, said Eric Topol, director of the Scripps Research Translational Institute in San Diego. Its capabilities will ultimately have a big impact. Topol, like many other observers, wonders how many problems it might cause like leaking patient data and how often. Were going to find out.

The specter of such problems inspired more than 1,000 technology leaders to sign an open letter in March urging that companies pause development on advanced AI systems until we are confident that their effects will be positive and their risks will be manageable. Even so, some of them are sinking more money into AI ventures.

The underlying technology relies on synthesizing huge chunks of text or other data for example, some medical models rely on 2 million intensive care unit notes from Beth Israel Deaconess Medical Center in Boston to predict text that would follow a given query. The idea has been around for years, but the gold rush, and the marketing and media mania surrounding it, are more recent.

The frenzy was kicked off in December 2022 by Microsoft-backed OpenAI and its flagship product, ChatGPT, which answers questions with authority and style. It can explain genetics in a sonnet, for example.

OpenAI, started as a research venture seeded by Silicon Valley elites like Sam Altman, Elon Musk, and Reid Hoffman, has ridden the enthusiasm to investors pockets. The venture has a complex, hybrid for- and nonprofit structure. But a new $10 billion round of funding from Microsoft has pushed the value of OpenAI to $29 billion, The Wall Street Journal reported. Right now, the company is licensing its technology to companies like Microsoft and selling subscriptions to consumers. Other startups are considering selling AI transcription or other products to hospital systems or directly to patients.

Hyperbolic quotes are everywhere. Former Treasury Secretary Larry Summers tweeted recently: Its going to replace what doctors do hearing symptoms and making diagnoses before it changes what nurses do helping patients get up and handle themselves in the hospital.

I would not put patient data in. We dont understand what happens with these data once they hit OpenAI servers.

But just weeks after OpenAI took another huge cash infusion, even Altman, its CEO, is wary of the fanfare. The hype over these systems even if everything we hope for is right long term is totally out of control for the short term, he said for a March article in the New York Times.

Few in health care believe this latest form of AI is about to take their jobs (though some companies are experimenting controversially with chatbots that act as therapists or guides to care). Still, those who are bullish on the tech think itll make some parts of their work much easier.

Eric Arzubi, a psychiatrist in Billings, used to manage fellow psychiatrists for a hospital system. Time and again, hed get a list of providers who hadnt yet finished their notes their summaries of a patients condition and a plan for treatment.

Writing these notes is one of the big stressors in the health system: In the aggregate, its an administrative burden. But its necessary to develop a record for future providers and, of course, insurers.

When people are way behind in documentation, that creates problems, Arzubi said. What happens if the patient comes into the hospital and theres a note that hasnt been completed and we dont know whats been going on?

The new technology might help lighten those burdens. Arzubi is testing a service, called Nabla Copilot, that sits in on his part of virtual patient visits and then automatically summarizes them, organizing into a standard note format the complaint, the history of illness, and a treatment plan.

Results are solid after about 50 patients, he said: Its 90% of the way there. Copilot produces serviceable summaries that Arzubi typically edits. The summaries dont necessarily pick up on nonverbal cues or thoughts Arzubi might not want to vocalize. Still, he said, the gains are significant: He doesnt have to worry about taking notes and can instead focus on speaking with patients. And he saves time.

If I have a full patient day, where I might see 15 patients, I would say this saves me a good hour at the end of the day, he said. (If the technology is adopted widely, he hopes hospitals wont take advantage of the saved time by simply scheduling more patients. Thats not fair, he said.)

Nabla Copilot isnt the only such service; Microsoft is trying out the same concept. At Aprils conference of the Healthcare Information and Management Systems Society an industry confab where health techies swap ideas, make announcements, and sell their wares investment analysts from Evercore highlighted reducing administrative burden as a top possibility for the new technologies.

But overall? They heard mixed reviews. And that view is common: Many technologists and doctors are ambivalent.

For example, if youre stumped about a diagnosis, feeding patient data into one of these programs can provide a second opinion, no question, Topol said. Im sure clinicians are doing it. However, that runs into the current limitations of the technology.

Joshua Tamayo-Sarver, a clinician and executive with the startup Inflect Health, fed fictionalized patient scenarios based on his own practice in an emergency department into one system to see how it would perform. It missed life-threatening conditions, he said. That seems problematic.

The technology also tends to hallucinate that is, make up information that sounds convincing. Formal studies have found a wide range of performance. One preliminary research paper examining ChatGPT and Google products using open-ended board examination questions from neurosurgery found a hallucination rate of 2%. A study by Stanford researchers, examining the quality of AI responses to 64 clinical scenarios, found fabricated or hallucinated citations 6% of the time, co-author Nigam Shah told KFF Health News. Another preliminary paper found, in complex cardiology cases, ChatGPT agreed with expert opinion half the time.

Privacy is another concern. Its unclear whether the information fed into this type of AI-based system will stay inside. Enterprising users of ChatGPT, for example, have managed to get the technology to tell them the recipe for napalm, which can be used to make chemical bombs.

In theory, the system has guardrails preventing private information from escaping. For example, when KFF Health News asked ChatGPT its email address, the system refused to divulge that private information. But when told to role-play as a character, and asked about the email address of the author of this article, it happily gave up the information. (It was indeed the authors correct email address in 2021, when ChatGPTs archive ends.)

I would not put patient data in, said Shah, chief data scientist at Stanford Health Care. We dont understand what happens with these data once they hit OpenAI servers.

Tina Sui, a spokesperson for OpenAI, told KFF Health News that one should never use our models to provide diagnostic or treatment services for serious medical conditions. They are not fine-tuned to provide medical information, she said.

With the explosion of new research, Topol said, I dont think the medical community has a really good clue about whats about to happen.

House Bill 234 became a flashpoint in the 2023 Legislature for conservative concerns about allegedly obscene books in public schools. The proposal just became law, but not before undergoing a significant round of changes.

The Chinese-owned social media platform will be illegal in Montana starting Jan. 1, 2024, barring a successful court challenge.

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Is artificial intelligence ready for health care prime time? - Montana Free Press