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How AI and ML Can Drive Sustainable Revenue Growth by Waleed … – Digital Journal

PRESS RELEASE

Published October 6, 2023

The impact of AI and ML on modern business environments is more than fascinating; it's critical in today's hyper-connected world. While AI and ML have far-reaching practical applications, their greatest disruptive influence may be in business revenue. In this piece, I'll break out why artificial intelligence and machine learning aren't just "nice to have" but a "must have" for any company serious about long-term success.

The Importance of AI and ML in Generating Revenue

In today's data-driven and rapidly evolving environment, tried and true money-generation techniques are no longer sufficient. McKinsey reports that companies using AI in their operations boost revenue by 20% and save expenses by 30%.ChatGPT, GitHub Copilot, Stable Diffusion, and other generative AI applications have captivated global interest due to their widespread accessibility and user-friendly interfaces.

Unlike AlphaGo, which had a more specialized focus, these tools offer almost anyone the ability to communicate, create, and engage in uncanny discussions with a user. It's not merely a wave of the future; it's today's currency.

Practical Applications of AI and ML in Revenue Generation

Several revenue-generating uses for AI and ML exist:

These features may be added to your company model incrementally over time rather than all at once.

Challenges to Adoption and Solutions

The apparent complexity of the technology, concerns over data privacy, and the early expense of deployment are the most prevalent obstacles to AI/ML adoption. Based on my expertise in Turn-Key Design and Systems Integration, I would suggest a staged adoption, beginning with smaller projects to show rapid wins and ROI. In addition, working with other IT companies helps soften the change and save startup expenses.

Increasing Productivity While Lowering Expenses

AI/ML is a tool for improving the efficiency of an organization in addition to helping it make more money. With machine learning, everyday tasks are taken care of by computers. This frees up people to work on more complicated tasks and reduces technical debt. The production can also benefit from AI's ability to simplify back-end activities.

Tendencies and Prospects for the Future

The mutually beneficial connection between AI and ML and their earning potential will deepen as technology advances. Companies that don't change with the times will likely fail in today's fiercely competitive economy.

Final Thoughts

No company that wants to expand its income in a scalable and sustainable way can afford to ignore artificial intelligence and machine learning. It's not a matter of 'if,' but 'when,' AI/ML will become essential to your company's operations.

Who is Waleed Nasir?

Throughout his career, visionary builder and technology specialist Waleed Nasir has launched over a hundred platforms and led countless system deployments and workflow integrations. Dr. Waleed has extensive technical expertise in AI and ML and practical experience building and expanding technology companies. Notable examples of his work include the COVID-19 Crisis Management System, the Paycheck Protection Plan's Programmatic Loan Forgiveness System, and the Emergency Rent Relief Administration System. His wide-ranging skillset includes not just Turn-Key Design but also Process Automation and High-Performance Infrastructure, making him an industry leader in areas beyond only technological innovation. Currently, Dr. Waleed is working with Qult Technologies as the CPO, leading the company to new fronts.

Additional Resources

For those interested in diving deeper into this subject, I recommend:

Media Contact Company Name: qult.ai Contact Person: Hassan Tariq Malik Email: Send Email Country: United Kingdom Website: https://www.qult.ai/about-us/

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How AI and ML Can Drive Sustainable Revenue Growth by Waleed ... - Digital Journal

The better the AI gets, the harder it is to ignore – BSA bureau

Hong Kong based Insilico Medicine, a pioneer in AI-based drug discovery, has made significant strides in recent years. Two of their candidates have reached clinical trials, with INS018-055 leading the pack as the first AI-discovered drug designed by generative AI to enter phase 2 clinical trials for idiopathic pulmonary fibrosis (IPF). Back in 2014, when the company began, AI for drug discovery was relatively unheard of, but now it's an indispensable part of the drug discovery process. Insilico's partnerships with major pharmaceutical firms like Janssen underscore the growing importance of AI in this field. Dr Alex Zhavoronkov, Founder and CEO of Insilico Medicine, sheds light on the industry's evolving response to AI in drug discovery, partnerships, regulatory reforms etc. and also shares the company's future plans.

Insilico Medicine has garnered attention for its innovative utilisation of artificial intelligence (AI) in drug discovery. Could you provide insights into how the industry's response to AI-based drug discovery has evolved since your inception in 2014?

In the early days, when I presented at conferences on how generative AI technology could be applied to chemistry, there was a lot of scepticism. I had discovered through my research that generative adversarial networks (GANs) combined with deep reinforcement learning (the same AI learning strategy used in AlphaGo) could generate novel molecules that could be used to treat disease. Since that time, AI drug discovery has undergone enormous acceleration, fueled both by advances in AI technology and in massive stores of data. While there are still no AI-designed drugs on the market, there are a number of companies with these drugs in advanced clinical trials, including our own lead drug for idiopathic pulmonary fibrosis, the drug with an AI-discovered target and designed by generative AI now in Phase II trials with patients.

Although the pharma industry has moved cautiously, the inherent risks in drug discovery (99 per cent of the drugs fail in the early discovery phase and 90 per cent of the drugs fail in clinical trials) and the validation of AI developed drugs to reach advanced trials, means that pharma companies are more actively pursuing partnerships and developing their own internal AI programmes. We have major partnerships with Exelixis, Sanofi and Fosun Pharma to develop new therapies, for instance.

Recently, your two candidates INS018_055, ISM8207 have entered phase II and phase I respectively. Can you share the significance of reaching these stages in the drug development process, and what key milestones do you hope to achieve during these trials?

To our knowledge, Insilicos lead drug for IPF INS018-055 - is the first drug for an AI-discovered target and designed by generative AI to reach Phase 2 clinical trials with patients.

AI was used in every stage of the process. Insilico Medicine used its AI target-discovery engine, https://insilico.com/pandaomics, to process large amounts of data including omics data samples, compounds and biologics, patents, grants, clinical trials, and publications to discover a new target (called Target X) relevant for a broad range of fibrosis indications. We then used this newly discovered target as the basis for the design of a potentially first-in-class novel small molecule inhibitor using its generative AI drug design platform, Chemistry42.

Insilicos molecule INS018_055 - demonstrated highly promising results in multiple preclinical studies including in vitro biological studies, pharmacokinetic, and safety studies. The compound improved myofibroblast activation, a contributor to the development of fibrosis, with a novel mechanism and was shown to have potential relevance in a broad range of fibrotic indications, not just IPF.

The current phase II study is a randomised, double-blind, placebo-controlled trial to assess the safety, tolerability, pharmacokinetics and preliminary efficacy of 12-week oral INS018_055 dosage in subjects with IPF divided into 4 parallel cohorts. To further evaluate the candidate in wider populations, the company plans to recruit 60 subjects with IPF at about 40 sites in both the US and China.

If our phase IIa study is successful, the drug will then go to phase IIb with a larger cohort. This is also the stage where our primary objective would be to determine whether there is significant response to the drug. The drug will go on to be evaluated in a much larger group of patients typically hundreds in phase III studies to confirm safety and effectiveness before it can be approved by the FDA as a new treatment for patients with that condition. We expect to have results from the current phase II trials next year.

Advancing ISM8207 is also significant both because it is the first clinical milestone reached in our partnership with Fosun, and also because it is the first of our cancer drugs to advance to the clinic, and cancer represents the largest disease category in Insilicos pipeline. This drug is a novel QPCTL inhibitor, designed to treat advanced malignant tumours, and works by blocking the tumour cells dont eat me signal. We entered into phase I clinical trials to assess the drugs safety in healthy volunteers in July 2023.

You have had quite successful partnerships with Exelixis, Fosun etc. Can you provide insights into Insilicos approach to forming strategic partnerships? How do you approach deal making?

We have the advantage of being able to produce and advance new, high quality small molecules that have been optimised to treat diseases much more quickly than traditional drug discovery methods. Thats because our generative AI system can optimise across 30 parameters at once based on desired criteria when generating molecules, rather than the traditional method of screening libraries to find a potential compound, and then working to optimise it for each desired property in a linear fashion. As we speed up the drug discovery process on these high-quality molecules we now have 31 in our pipeline we look to find partners who have specific disease expertise and clinical experience to advance these molecules into later stage clinical studies, and, we hope, to market where they can begin helping patients.

Our most recent partnership with Exelixis is a perfect example. We just announced an exclusive global licence agreement with Exelixis with $80 million upfront granting Exelixis the right to develop and commercialise ISM3091, an AI designed cancer drug and potentially best-in-class small molecule inhibitor of USP1 that received IND approval from the FDA in April 2023. This company is expert in cancer and cancer drug development and discovery, and has an expert drug hunting team. Because its an extremely innovative company, they already have substantial revenue coming from best-in-class cancer therapeutics and they are strengthening this pipeline and making bets on innovative cancer drugs.

If we were to look at one of your AI-designed drugs versus a traditionally designed drug candidate, is there a telltale signature?

Our AI-designed drugs will often have a novel structure or work via a novel mechanism compared to existing drugs. By optimising across these 30 different parameters to design molecules with just the right structure and properties to provide the best likelihood of treatment without toxicity and minimal side effects, we are essentially designing ideal new drug-like molecules from scratch. There may be other drugs that are designed to act on those same targets, but ours are optimised through structure or mechanism to be most efficacious, first-in-class, or best-in-class.

Until recently perhaps, big pharma was somewhat sceptical or resistant to AI. What has been responsible for this growing appetite to embrace AI as a fundamental part of the drug discovery process?

There are a number of reasons pharma is now embracing AI. Traditional drug discovery is an incredibly slow and expensive process that fails in clinical trials 90 per cent of the time. AI improves all three of those roadblocks improving speed, lowering cost, and optimising molecules to have the greatest likelihood of clinical trial success. Our AI engine known as PandaOmics can sift through trillions of data points quickly to identify new targets for disease that humans might not find. Then, our generative AI Chemistry42 platform can design brand-new molecules that are optimised to interact with those targets without causing adverse effects, scoring them based on which are likely to work the best. Finally, using our InClinico tool, we can predict how these drugs will likely fare in clinical trials to reduce the time and money lost on failed trials.

There is also now significant validation that this method of developing new drugs is producing very high quality new drugs for hard-to-treat diseases and even diseases that were considered undruggable. And a number of these AI-designed drugs are now in later stage clinical trials.

Finally, the technology is itself progressing and improving with additional use and data via reinforcement learning and expert human feedback. The better the AI gets, the harder it is to ignore.

How sceptical are regulatory bodies towards AI-driven drug discovery? How are regulations evolving to support such developments?

Data privacy and protection are critical to any businesses utilising AI, as is compliance with all international laws and regulations. I expect that these measures will become more stringent in coming years and they are essential to building and maintaining public trust. Insilico Medicine uses only publicly available data and employs privacy by design and by default. We facilitate security of our systems by thorough security analysis on each phase of development. All Insilico data hubs are contained in Amazon Web Services (AWS) or Microsoft Azure cloud.

In addition, there are several checks and balances in place to ensure continuous data integrity, protection and privacy. For example, clients data is not used in any internal environments of the platform, and a firewall is separated for the clients access to the platform versus everyone elses access. All data is encrypted, and data privacy is managed according to Insilico Medicines privacy policy.

What does the future hold for Insilico over the next few years?

Were eager to see our clinical stage programmes progress, and the continued advancement of our lead drug for IPF. Its a terrible, chronic condition with a very poor prognosis and patients are in desperate need of new treatment options.

I also hope that our latest deal with Exelixis marks a trend of pharma companies partnering earlier in the drug development process with highly optimised AI-designed molecules as we continue to expand our pipeline, so that we can truly accelerate the process of delivering new treatments to patients in need.

We will also continue to expand the capabilities of our end-to-end generative AI platform, through new data, reinforcement learning, and expert human feedback; and augment those capabilities with our AI-powered robotics lab as well as incorporating the latest technological tools into our platform, including AlphaFold and quantum computing both of which weve published papers on.

Ayesha Siddiqui

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The better the AI gets, the harder it is to ignore - BSA bureau

Trump Said to Have Revealed Nuclear Submarine Secrets to Australian Businessman – The New York Times

Shortly after he left office, former President Donald J. Trump shared apparently classified information about American nuclear submarines with an Australian businessman during an evening of conversation at Mar-a-Lago, his private club and residence in Florida, according to two people familiar with the matter.

The businessman, Anthony Pratt, a billionaire member of Mar-a-Lago who runs one of the worlds largest cardboard companies, went on to share the sensitive details about the submarines with several others, the people said. Mr. Trumps disclosures, they said, potentially endangered the U.S. nuclear fleet.

Federal prosecutors working for the special counsel, Jack Smith, learned about Mr. Trumps disclosures of the secrets to Mr. Pratt, which were first revealed by ABC News, and interviewed him as part of their investigation into the former presidents handling of classified documents, the people said.

According to another person familiar with the matter, Mr. Pratt is now among more than 80 people whom prosecutors have identified as possible witnesses who could testify against Mr. Trump at the classified documents trial, which is scheduled to start in May in Federal District Court in Fort Pierce, Fla.

Mr. Pratts name does not appear in the indictment accusing Mr. Trump of illegally holding on to nearly three dozen classified documents after he left office and then conspiring with two of his aides at Mar-a-Lago to obstruct the governments attempts to get them back.

But the account that Mr. Trump discussed some of the countrys most sensitive nuclear secrets with him in a cavalier fashion could help prosecutors establish that the former president had a long habit of recklessly handling classified information.

And the existence of the testimony about the conversation underscores how much additional information the special prosecutors office may have amassed out of the publics view.

During his talk with Mr. Pratt, Mr. Trump revealed at least two pieces of critical information about the U.S. submarines tactical capacities, according to the people familiar with the matter. Those included how many nuclear warheads the vessels carried and how close they could get to their Russian counterparts without being detected.

It does not appear that Mr. Trump showed Mr. Pratt any of the classified documents that he had been keeping at Mar-a-Lago. In August last year, the F.B.I. carried out a court-approved search warrant at the property and hauled away more than 100 documents containing national security secrets, including some that bore the countrys most sensitive classification markings.

Mr. Trump had earlier returned hundreds of other documents he had taken with him from the White House, some in response to a subpoena.

A spokesman for Mr. Trump did not immediately respond to a request for comment. A spokesman for Mr. Smith declined to comment. Representatives for Mr. Pratt did not immediately respond to requests for comment.

Even though Mr. Pratt has been interviewed by prosecutors, the people familiar with the matter said, it remained unclear whether Mr. Trump was merely blustering or exaggerating in his conversation with him.

Joe Hockey, a former Australian ambassador to the United States, sought to play down Mr. Trumps disclosures to Mr. Pratt in a phone interview on Thursday.

If thats all that was discussed, we already know all that, Mr. Hockey said. We have had Australians serving with Americans on U.S. submarines for years, and we share the same technology and the same weapons as the U.S. Navy.

Still, Mr. Trump has been known to share classified information verbally on other occasions. During an Oval Office meeting in 2017 shortly after he fired the F.B.I. director James B. Comey, Mr. Trump revealed sensitive classified intelligence to two Russian officials, according to people briefed on the matter.

Well into his presidency, he also posted on X, formerly known as Twitter, a classified photo of an Iranian launch site.

The indictment in the documents case also accused Mr. Trump of showing a classified battle plan to attack Iran to a group of visitors to his club in Bedminster, N.J. Prosecutors claim that a recording of the meeting with the visitors depicts Mr. Trump as describing the document he brandished as secret.

Mr. Trump has not had access to more updated U.S. intelligence since leaving the presidency; President Biden cut off the briefings that former presidents traditionally get when Mr. Trump left office in the wake of Mr. Trumps efforts to overturn the election and the attack on the Capitol by a pro-Trump mob on Jan. 6, 2021.

I just think that there is no need for him to have the intelligence briefings, Mr. Biden said at the time.

What value is giving him an intelligence briefing? he said. What impact does he have at all, other than the fact he might slip and say something?

Mr. Trumps interactions with Mr. Pratt appear to fit a pattern of the former presidents collapsing his public office and its secrets into his private interests.

Mr. Pratt cultivated a relationship with Mr. Trump once he became president. He joined Mar-a-Lago in 2017, then was invited to a state dinner and had Mr. Trump join him at one of his companys plants in Ohio.

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Trump Said to Have Revealed Nuclear Submarine Secrets to Australian Businessman - The New York Times

Donald Trump Can Snarl All He Likes, But He’s Making a Star Out of … – Vanity Fair

Donald Trump is doing a brilliant job of promoting Letitia James. The former president had been punching at New York States attorney general sporadically for more than a year, calling James a racist and a disgrace as her office investigated whether Trump and his company had committed fraud by manipulating the value of his businesses. But now, as Trump is on trial, he has taken to attacking James on a daily basis, raging to reporters outside the lower Manhattan courtroom while calling her grossly incompetent, a monster, and even a deranged lunatic on social media.

The publicity offensive is certainly ugly and perverse, but it is elevating Jamess profile. The attorney general has already won one enormous victory against the former president: Last month, state judge Arthur Engoron ruled that James had proven that Trump and his companies committed long-running fraud in their financial statements. This case was brought simply because it was a case where individuals have engaged in a pattern and practice of fraud, James said on Wednesday. And I will not sit idly by and allow anyone to subvert the law. Upon the former presidents departure, James told reporters that the Donald Trump show is over and suggested his voluntary appearance in court was nothing more than a political stunt, a fundraising stop.

The current legal proceedings, which could last until December, are to determine what penalty Trump will pay, from a monetary fine to being barred from doing business in New York State. Perhaps Engoron will allow Trump to walk away with an anticlimactic slap on the wrist. But the odds that James will earn a large legal triumph and accumulate a sizable stockpile of political capital look far better.

Political capital that she will cash in to gowell, probably nowhere. The earnest, consensus view is that James will stay put because she loves her current job. Tish is not interested in publicity or what drives most elected officials, says Roberto Ramirez, a former New York Democratic state assemblyman who knows James well from his work as a strategist on several of her campaigns. She is the unicorn of New York politics. She is obsessed with the substantive nature of being a lawyer for the state.

There is also the hard political reality that James is boxed in. New York senators Chuck Schumer and Kirsten Gillibrand arent departing anytime soon. Two years ago James mounted a brief, half-hearted run for governor (The people around her wanted it far more than she did, a state Democratic insider says), and the incumbent, Kathy Hochul, wont be on the ballot again until 2026. In the past, James has talked far more enthusiastically about running for mayor of New York Citybut it is very hard to see her giving up a powerful statewide office for a bloody 2025 primary challenge to fellow Democrat and fellow Brooklynite Eric Adams.

And then theres the more intriguing constraint on Jamess enhanced prestige: She would undermine a defeat of Trump by trying to capitalize on it. Joe Bidens reelection campaign is highly worried about turning out crucial Black voters, particularly women, in battleground states. James would be an energetic, effective surrogateexcept that making her a prominent part of the presidents campaign would hand Trump ammunition. This case adds a lot of value to her political future, and it inoculates her from what a lot of women in her position have to deal with, being more credentialed and validated in ways that men dont, says Cornell Belcher, a Democratic strategist who worked on both of Barack Obamas White House runs. But the Biden campaign couldnt and wouldnt use her, because it would feed into the narrative that Trump wants, that this case is about politics.

James certainly doesnt lack ambition. She maneuvered through the treacherous, corruption-prone ranks of the Brooklyn Democratic Party to be elected a city councilwoman, before winning one of New Yorks three citywide offices, as public advocate. James had entered politics as a candidate of the left-wing Working Families Partybut ditched the WFP to make a useful alliance with its mortal enemy, former Governor Andrew Cuomo, in her successful 2018 run for AG. In 2021, after conducting an investigation requested by Cuomo, James delivered a 165-page report detailing multiple sexual harassment allegations against him. One week later the governor announced his resignation.

One year into her second term as New Yorks top prosecutor James, 64, looks as if shes settling in for at least the medium haul. Which is not necessarily a bad thing, when too many pols are fixated on the next rung of the ladder. Yet unpredictable things have a way of happening in politics. Its natural for a person to feel maybe I should consider other options, Ramirez says. Her future is only limited by what she wishes to do. For the moment, though, James is the rare politician whose future is paradoxically restricted by the nature of her imminent triumph.

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Donald Trump Can Snarl All He Likes, But He's Making a Star Out of ... - Vanity Fair

U.S. Rep. Troy Nehls leads push for Donald Trump to be next House … – The Texas Tribune

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Editor's note: Nehls on Thursday evening said on social media that he spoke with former President Donald Trump about the speakership and learned he was supporting Rep. Jim Jordan. Nehls said he too would now support Jordan.

WASHINGTON U.S. Rep. Troy Nehls, R-Richmond, is recruiting his peers to support the exceedingly improbable push to make former President Donald Trump the next speaker of the House.

I nominate Donald J. Trump for Speaker of the House, U.S. Rep. Troy Nehls declared on social media shortly after Kevin McCarthy was ousted from the job.

Nehls said this week he has since reached out to a host of other Republicans, including Rep. Ronny Jackson of Amarillo, and said some of them would be open to making the case for Trump as the House votes on its next speaker Wednesday. Jackson, a staunch Trump supporter, used to be the presidents White House physician. Jacksons office did not immediately respond to a request for comment, but Jackson tweeted on Thursday afternoon he was throwing his support behind Rep. Jim Jordan, R-Ohio.

No one who is not a member of Congress has ever served as speaker, and the idea faces near impossible political odds. But Trump has shown some signs of humoring the idea. He is considering visiting the Capitol before the speaker election, Politico reported, and posted a picture of himself with the speakers gavel on social media.

Trump is also the Republican forerunner for the 2024 presidential election and has said that hes keeping his attention on that race. Speaking with reporters Wednesday outside a New York courthouse where he is the defendant in a civil suit, Trump said hell do whatevers best for the country and the Republican Party but we have some great people already running for speaker.

Ill do whatever it is to help, but my focus, my total focus, is being president, Trump continued.

The odds against Trump are enormous. He is mired in a web of legal challenges, including four criminal indictments related to hush money payments to cover up an alleged affair, retaining of classified documents after being instructed to return them and his efforts to overturn the 2020 presidential election.

There are few people whom House Democrats despise more than Trump, and the speaker is chosen by a simple majority in the whole House. Trump would need practically the entire Republican conference to back him, and there are some popular Republicans already in the race. Democrats voted as a bloc to remove McCarthy and are unlikely to support another Republican candidate. They repeatedly voted unanimously for House Minority Leader Hakeem Jeffries to be speaker in January.

House Majority Leader Steve Scalise and Jordan have both thrown their names into the ring to become speaker. Republican Study Committee Chair Kevin Hern has also expressed interest and made a pitch during a Texas Republican delegation lunch Wednesday.

Scalise already has several vocal backers, including Reps. Tony Gonzales of San Antonio and Jake Ellzey of Waxahachie.

The choice appears to be from that pool for most rank and file Republicans. Several Texas members said they were impressed with Scalise, Jordan and Hern and would be happy to support whoever among them would be able to rally the support of the entire conference.

U.S. Rep. Marjorie Taylor Greene, R-Georgia, a close Trump ally, has also been calling for the former president to become speaker.

Disclosure: Politico has been a financial supporter of The Texas Tribune, a nonprofit, nonpartisan news organization that is funded in part by donations from members, foundations and corporate sponsors. Financial supporters play no role in the Tribune's journalism. Find a complete list of them here.

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U.S. Rep. Troy Nehls leads push for Donald Trump to be next House ... - The Texas Tribune