This is our AI Daily Roundup. We are covering the top updates from around the world. The updates will feature state-of-the-art capabilities in artificial intelligence (AI), Machine Learning, Robotic Process Automation, Fintech, and human-system interactions.

We cover the role of AI Daily Roundup and its application in various industries and daily lives.

CES 2024: HP Transforms Consumer Portfolio to Power the Personal

CES 2024, HP Inc. ushered in a new era of computing with its latest portfolio of PCs, monitors, and peripherals designed to reimagine how we interact and live with technology. “We believe that the best innovations are also the most personal ones,” said Samuel Chang, Senior Vice President & Division President of Personal Systems Consumer Solutions, HP Inc.

Tomtom and Mitsubishi Electric Collaborate to Advance Automated Driving

TomTom (TOM2), the location technology specialist, and Mitsubishi Electric announced they are integrating technologies to develop new solutions and drive innovation in automated driving. Through this collaboration, TomTom’s High Definition (HD) Map will power Mitsubishi Electric’s High-Definition Locator hardware, providing the highly accurate data required for automated driving.

Ceva and boAt, India’s Leading Audio and Wearable Brand, Announce Strategic Partnership

Ceva,the leading licensor of silicon and software IP that enables Smart Edge devices to connect, sense and infer data more reliably and efficiently, and India’s No.1 audio and wearables brand, boAt (Imagine Marketing Limited) today announced they have formed a strategic partnership to deliver technology innovation across boAt’s next generation of lifestyle-focused consumer products, including TWS earbuds, neckbands, headphones, speakers and smartwatches.

Expedera NPUs Run Large Language Models Natively on Edge Devices

Expedera, Inc, a leading provider of customizable Neural Processing Unit (NPU) semiconductor intellectual property (IP), announced that its Origin NPUs now support generative AI on edge devices. Specifically designed to handle both classic AI and Generative AI workloads efficiently and cost-effectively, Origin NPUs offer native support for large language models (LLMs), including stable diffusion.

MetaWorks Extends AI-Powered Chatbot Offering by Adding AI Generated Video’s with Launch of StockHolder.ai

MetaWorks Platforms, an award-winning Web3 company that owns, operates, and develops Web3 platforms, is thrilled to announce the launch of StockHolder.ai. StockHolder.ai will serve as the primary destination for the AI-Powered investor relations & chatbot business launched by MetaWorks in December.

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Mitsubishi Electric Corporation, a global leader in factory automation solutions, announced a strategic investment in Clearpath Robotics, the parent company of autonomous mobile robot leader, OTTO Motors.

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“The relationship between Mitsubishi Electric and OTTO Motors is built upon years of respect and trust. OTTO Motors is well positioned to become a leader in industrial autonomy. We see a bright future ahead for OTTO Motors and are honored to support their continued success”

With more than 4 million hours of production experience, OTTO Motors’ pioneering autonomous mobile robot (AMR) technology and award-winning software are used by Fortune 500 companies to deliver productivity and safety in material handling operations. The investment expands the strategic relationship between OTTO Motors and Mitsubishi Electric, and strengthens the two companies’ commercial collaboration.

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“Industrial automation is continuing to transform businesses around the world. As a globally-trusted leader with a strong mission to invest in continuous technological innovation and ceaseless creativity, Mitsubishi Electric has been an important partner for OTTO Motors. We are proud to have their continued support and share a vision to accelerate industrial automation globally. We look forward to pursuing the tremendous opportunity ahead,” said OTTO Motors’ CEO & Co-Founder, Matt Rendall.

“The relationship between Mitsubishi Electric and OTTO Motors is built upon years of respect and trust. OTTO Motors is well positioned to become a leader in industrial autonomy. We see a bright future ahead for OTTO Motors and are honored to support their continued success,” said Mitsubishi Electric’s Chief Strategy Officer, Satoshi Takeda.

OTTO Motors provides autonomous mobile robots for material handling inside manufacturing facilities and warehouses. With over four million hours of driving experience, OTTO is trusted for mission-critical deliveries in the most demanding of industrial environments. Seventy percent of OTTO’s customers are Fortune 500 companies and include some of the world’s most recognized brands, including GE and Toyota. OTTO Motors is an award-winning company with recent awards, including Fast Company’s 2023 Most Innovative Companies, Business Insider Top 40 under 40 and The Vector AI20 Top AI Companies to Watch in 2023

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CES 2023 Future of Work Presentation Highlights Benefits of Assistive Technology and Inclusive Job Skills Training to Contribute to a Global, Sustainable Smart Society

Mitsubishi Electric and Mitsubishi Electric America Foundation (MEAF) will present at this week’s Consumer Electronics Show (CES) in Las Vegas on the benefits of harnessing the use of assistive technology to prepare and empower youth with disabilities to access workforce training programs to help fill today’s high-tech employment gap and contribute to a global, sustainable smart society.

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“We are working to address the tech skills gap by supporting organizations that help build a pipeline of diverse, capable and reliable talent to meet the workforce needs of today and tomorrow”

Since 1991, MEAF has worked with nonprofit partners to develop curricula, learning technologies, and corporate alliances to promote inclusive, quality education to empower youth with disabilities and prepare them for the competitive job market. According to Kevin R. Webb, senior director at MEAF, despite slight gains made by workers with disabilities as reported in the Kessler Foundation and the University of New Hampshire November 2022 National Trends in Disability Employment (nTIDE) Report, people with disabilities are still twice as likely to be unemployed as people without disabilities. While this pool of capable talent sits on the sidelines, the 2018 Skills Gap and Future of Work Study by Deloitte and The Manufacturing Institute predict that 2.4 million manufacturing jobs will go unfilled by 2028, while the 2021 Salesforce and RAND Europe survey predicts the digital skills gap could lead to $11.5 trillion in cumulative lost GDP growth by 2028.

“We are working to address the tech skills gap by supporting organizations that help build a pipeline of diverse, capable and reliable talent to meet the workforce needs of today and tomorrow,” said Webb. “The nonprofit partners with which we have collaborated and funded develop highly sophisticated learning programs with leading technology platforms that are very much in-demand to prepare youth with disabilities with the skills to help meet today’s workforce needs.”

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Examples of leading technology learning programs supported by MEAF include: NSITE’s Cisco®-certified 40-week training model that prepares individuals who are blind or visually impaired for careers in IT and cybersecurity; Career Launch@Perkins, an innovative customer experience workforce development program for people who are visually impaired and interested in Salesforce® and customer service careers; The Uniquely Abled Project® which prepares young people with autism for careers as CNC machine operators; and Exceptional Minds’ academy and studio for artists and animators with autism, providing them with valuable experience to work in gaming and on Hollywood studio films.

Webb, who also leads sustainability and social impact efforts at Mitsubishi Electric US, Inc., states that the Foundation’s work is just one facet of Mitsubishi Electric’s broader environmental, social and governance (ESG) strategy to advance a global, sustainable smart society by using the power of the company’s people, processes, products, and philanthropy to address societal challenges.

“Our offerings span many industries that are vital contributors to growing a smart society,” Webb said. “That puts us is in a unique position to gather data-driven, cross-industry business insights that will improve our solutions, help our customers achieve their business goals, and – over time – help solve macro social challenges such as accelerating decarbonization, optimizing use and re-use of vital resources, and promoting well-being and inclusion for all people, especially those with disabilities.”

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Mitsubishi Electric Corporation and Mitsubishi Heavy Industries, Ltd. announced that the two companies have reached a basic agreement to establish a joint venture to integrate their businesses in fields focused on power generator systems.

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It is expected that Mitsubishi Electric will be the majority shareholder and Mitsubishi Heavy Industries will be the minority shareholder of the new company.

Climate change caused by global warming has emerged as a common issue worldwide, and efforts to achieve carbon-neutrality, which would reduce greenhouse gas emissions to net zero, are accelerating around the world.

Electricity demand is expected to increase due to economic growth mainly in emerging countries and awareness of energy security, and energy transitions has increased. In the future, existing thermal power generation will decarbonize its systems with fuel conversion to hydrogen, ammonia, and other carbon-free fuels.

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Large-scale power plants that have supported the power infrastructure so far will play an important role as a force to adjust for the increase in variable renewable energy sources, whose power generation is affected by weather and other factors.

Considering this market environment, Mitsubishi Electric and Mitsubishi Heavy Industries have reached this basic agreement to strengthen their market competitiveness further by integrating their respective businesses and combining their respective technologies and assets. This business integration will create a stronger partnership than ever before and expand the two companies’ power generator systems on a global scale, thereby contributing to the realization of a carbon-neutral society.

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