Lifeboat Foundation

SparkLabs — an early-stage venture capital firm that has made a name for itself for backing OpenAI as well as a host of other AI startups such as Vectara, Allganize, Kneron, Anthropic, xAI, Glade (YC S23) and Lucidya AI — is gearing up to double down on more startups in the space. The VC firm announced Tuesday that it has closed a new $50 million fund, AIM AI Fund, which will back AI startups out of its own AIM-X accelerator in Saudi Arabia as well as other AI startups across the globe.

SparkLabs’ new fund and its wider investment aims underscore the bigger trends that have swirled around artificial intelligence for the last few years. The explosion of interest in generative AI in particular has led to a surge of startups in the space, as well as a rush of investors looking for the next Open AI — or at the very least, a startup that a bigger company might snap up as it looks to sharpen its own AI edge.

It also points to how the AI opportunity continues to widen beyond Silicon Valley. AIM-X is an AI-focused startup accelerator that SparkLabs launched earlier this year in the kingdom as part of its AI Mission, a national initiative to bolster AI technology over the next five years.

Finally, the goal of any healthcare organization is to provide the best possible care to patients. Predictive AI can contribute significantly to this goal by enabling more accurate diagnoses, tailored treatment plans and earlier interventions.

From the patient’s perspective, this translates to better health outcomes, reduced hospital stays and increased satisfaction with their care. For healthcare organizations, improved patient experiences lead to higher patient retention rates, positive word-of-mouth referrals and better performance on patient satisfaction metrics, which are increasingly tied to reimbursement rates in many healthcare systems.

As we’ve explored, the benefits of predictive AI extend far beyond improved diagnostics and treatment plans. It’s a catalyst for operational excellence, financial optimization, availability of investments and long-term growth. From resource management to building an authoritative brand, predictive AI touches every aspect of the healthcare business environment.

“For equities, all attention is now on Nvidia’s earnings release tonight, which has helped to drive significant moves recent quarters,” Deutsche Bank strategists said in a note Wednesday morning. “Bear in mind that Nvidia’s share price is already up +159% on a YTD basis, making it the top performer in the entire S&P 500, and it has risen by more than +1000% since its low in October 2022.”

Traders are also waiting on comments from Atlanta Fed President Raphael Bostic, who’s scheduled to speak after the closing bell. His remarks could provide more guidance on the path of Fed rate cuts this year, with investors pricing in as many as 150 basis points worth of cuts by year-end, according to the CME FedWatch tool.

Innovative Diagnostic Solutions To Enhance Patient Experiences And Health Provider Decisions — Dr. Deborah Sesok-Pizzini, MD, MBA — Chief Medical Officer & Senior Vice President, Labcorp Diagnostics; Global Head of Quality And Discipline Director, Immunohematology.

Dr. Deborah Sesok-Pizzini, MD, MBA, is Chief Medical Officer And Senior Vice President, Labcorp Diagnostics, and Global Head of Quality And Discipline Director, Immunohematology, Labcorp (https://www.labcorp.com/deborah-sesok…), where she is involved in furthering the company’s initiatives to enhance the patient experience, enable health provider decisions and develop innovative testing solutions.

Continue reading “Dr. Deborah Sesok-Pizzini, MD, MBA — Chief Medical Officer & Senior VP, Labcorp Diagnostics” »

Mikey Siegel, with a background in robotics from the MIT Media Lab, shares insights from his decade-long exploration into technology’s role in human well-being and consciousness. He discusses the profound potential of Artificial General Intelligence (AGI) shaped with compassionate and wise values. Siegel emphasizes the importance of the human developmental process in creating benevolent AI and the integration of contemplative practices in tech development. He envisions a future where AGI supports human development globally with love and care, akin to a parent nurturing a child, ultimately fostering a connected and compassionate society.

00:00 Introduction to Mikey Siegel and His Work.
01:09 The Profound Impact of AGI on Humanity.
02:42 The Role of AI in Shaping Reality.
04:06 The Vision of a Compassionate Super Intelligence.
07:26 Creating AI from a Culture of Compassion.
07:51 Integrating Human Development in AI Creation.
09:28 Ownership and Developmental Stages of AI
12:13 Demystifying the Mystical Through Science.
14:53 Preparing for the Future of AI

Continue reading “Elevating Humanity Through Technology | Deep Interview with Mikey Siegel” »

Quantum simulation enables scientists to simulate and study complex systems that are challenging or even impossible using classical computers across various fields, including financial modeling, cybersecurity, pharmaceutical discoveries, AI and machine learning. For instance, exploring molecular vibronic spectra is critical in understanding the molecular properties in molecular design and analysis.

DARPA is giving seven teams $2 million to hone tools for scrutinizing the open-source code that underpins everything from banks to water systems.

Crypto exchange Coinbase just announced that Hawaii residents can now use its platform to buy and sell digital assets.

In a statement, the largest US-based crypto exchange says its products and services are now available in The Aloha State after the Hawaii Department of Commerce and Consumer Affairs (DCCA) Division of Financial Institutions (DFI) made regulatory changes that provided clarity for cryptocurrency firms.

Intuitive Machines reported revenue of $41.4 million in the second quarter, more than double the $18 million the company reported in the same quarter of 2023. It had an operating loss of $28.2 million in the quarter, also more than double the $13.2 million operating loss it reported in the same quarter a year ago.

The company attributed the increase in revenue to new work, such as a NASA engineering services contract that started late last year as well as initial work on a Lunar Terrain Vehicle Services contract the company received in April.

The increased losses came from what Steve Vontur, chief financial officer, described as “non-cash impacts” to modifications to its next two lunar lander missions, IM-2 and IM-3, both flying payloads for NASA’s Commercial Lunar Payload Services (CLPS) program.