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The Innovator's Radar newsletter enables you to stay on top of the latest business innovations. Enjoy this week's edition.
Jennifer L. Schenker
Innovator Founder and Editor-in-Chief

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Big Tech Triggers The
Nuclear Option

Google, Microsoft and Amazon, the hyperscalers driving the swift proliferation of electricity-guzzling data centers to expand their artificial intelligence and cloud computing technologies, are turning to nuclear energy to meet their power demands.

The moves are expected to bolster the burgeoning market for Small Modular Nuclear Reactors (SMRs) and Advanced Modular Reactors (AMRs) which are increasingly seem as crucial for climate transition.

Read on to get the key takeaways from this story and learn about this week's other important technology news impacting business.

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Putting AI Into Production

Like many large corporates Bosch, a German multinational engineering and technology company, is interested in putting AI into production to make its factories more competitive.

Through the DeepTech Alliance, a private non-profit association of leading European entrepreneurship hubs that specializes in connecting deep tech companies with large corporates, Bosch’s plant in Maklar, Hungary connected with IPercept, a Swedish startup that serves as a kind of fitness tracker for industrial machines, leveraging AI to track mechanical movements to do root cause analysis and predictive maintenance. A pilot project was launched ,and based on its success, the Maklar factory is now looking at how to apply the technology to other production lines.

Bosch’s story is just one example of how manufacturers are starting to unlock AI’s potential. The same week the DeepTech Alliance was hosting the advanced manufacturing event in Munich the World Economic Forum announced the latest additions to its Lighthouse network, a community of 172 industry leaders pioneering the use of cutting-edge technologies in manufacturing. The new cohort includes AstraZeneca’s Södertälje plant in Sweden, which has implemented 50+ advanced technology solutions, including a significant number incorporating AI or GenAI.

Cathy Li, AI Governance Alliance

Who: Cathy Li is the World Economic Forum’s Head, AI, Data and Metaverse and Deputy Head of Center for Fourth Industrial Revolution (C4IR). She is currently spearheading the Forum’s AI Governance Alliance, a multi-stakeholder initiative that unites industry leaders, governments, academic institutions, and civil society organizations, to champion responsible global design and release of transparent and inclusive AI systems.

Topic: Governance in the age of GenAI.

Quote: "To ensure that the industry has a voice in shaping future regulations, it's essential to engage industry leaders in the ongoing multistakeholder dialogues. We need to engage not just the tech companies, but really everyone who's using AI and that's literally everyone these days."

Gladia, an AI transcription and audio intelligence provider, delivers advanced real-time transcription in over 100 languages, along with enhanced support for accents and the ability to adapt to different languages on the fly. Applications include AI-powered meeting note taking assistants, sales assistants and call center assistants. Its API has been adopted by over 700 enterprise customers worldwide.

Conversational AI, a sophisticated blend of Natural Language Processing and Machine Learning, is opening new possibilities for personalized human-computer interaction. As technology advances, conversational AI can enhance customer service and streamline business operations. Research firm Gartner predicts that the conversational AI market will reach $36 billion in revenue by 2032, up from $8.2 billion in 2023.

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686

Number of political propaganda accounts powered by artificial intelligence posing as real people on X to argue in favor of Republican candidates and causes, according to a research report out of Clemson University.The report details a coordinated AI campaign using large language models (LLMs) to reply to other users.

As the U.S. November elections near, the government and watchdog organizations have warned of efforts to influence public opinion via AI-generated content. The network identified by the Clemson researchers included almost 700 identified X accounts that posted more than 130,000 times since January. It targeted four Senate races and two primary races and supported former President Donald Trump’s re-election campaign. Many of the accounts were removed from X after NBC News emailed the platform for comment.

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XPANSE 2024, Abu Dhabi, November 20-22

TiE Global, Bangalore, India, December 9-12

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