Nishant Raj

Google DeepMind’s pioneering AI weather forecasting technology, GraphCast, has won the Royal Academy of Engineering’s 2024 MacRobert Award – the UK’s longest-running and most prestigious prize for UK engineering innovation. GraphCast represents a revolution in weather forecasting. Its AI-powered technology uses cutting edge machine-learning algorithms and vast data sets to provide highly accurate and more timely weather predictions that, among other advantages, could help mitigate the impact of severe weather events and, ultimately, save lives. Instead of the traditional numerical weather prediction methodologies, GraphCast uses machine learning to provide highly accurate and timely weather predictions up to ten days in advance. It harnesses the power of graph neural networks to model complex weather patterns and offers unprecedented precision in forecasts and an enhanced ability to predict extreme weather conditions. The model currently takes just 45 seconds to generate a forecast that would take traditional forecasting methods over an hour on a supercomputer. This has been equated to a five-year leap forward in weather forecasting. The Google DeepMind team behind the winning innovation were presented with the MacRobert Award gold medal and a prize of £50,000 by Vice Admiral Sir Tim Laurence on behalf of the Academy’s Royal Fellow, The Princess Royal. The MacRobert Award winning Google DeepMind team are: Ferran Alet Puig, Research Scientist; Peter Battaglia, Research Scientist ; Meire Fortunato, Staff Research Scientist; Rémi Lam, Staff Research Scientist; Shakir Mohamed, Director of Research ; Alexander Pritzel, Senior Staff Research Scientist; Alvaro Sanchez Gonzalez, Staff Research Engineer; Jacklynn Stott, Research Program Manager; Matthew Willson, Staff Research Engineer and Peter Wirnsberger, Staff Research Scientist. Professor Sir Richard Friend, Chair of the Royal Academy of Engineering MacRobert Award judging panel, said: “GraphCast is a great example of how engineering innovation can be an important driving force behind economic growth and a sustainable future. In an age of climate change and increasingly volatile weather events, accurate forecasting is an essential tool that can benefit society worldwide.” Full article – https://lnkd.in/eczhrbDa

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SCVC, a UK venture capital firm, recently formed a new partnership between deep tech founders John Williams and Harry Destecroix. Their combined expertise from successful ventures, including Williams’s billion-dollar company Kudan and Destecroix’s $800 million sale of ZIYLO LTD, shapes SCVC's strategic approach. Leveraging a deep tech fund targeting $100 million, they aim to transform technologies from academic labs into market-ready innovations. Williams highlights the untapped potential in the UK's academic sector, noting many innovations fail to reach commercialisation. By fostering VC collaboration, SCVC plans to enhance commercialisation and patenting rates, ensuring promising technologies are developed properly and aligned with market needs. Learn more from Startups Magazine: https://lnkd.in/eTVdnasU #DeepTech #UKTech #VentureCapital #SCVC #TechLeadership #TechStartups #LabToMarket

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UK AI Startup Wayve Secures Over $1 Billion to Advance Self-Driving Technologies Britain's Wayve has landed the largest investment to date for a European artificial intelligence company, raising more than $1 billion to develop next-generation autonomous driving... https://lnkd.in/gMKU3z8M #startupdaily #siliconvalley #venturecapital #startupupdates #companyupdates #entrepreneur #entrepreneurship #founderupdates #productupdates #mvp #startupnews #entrepreneurloop

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Tech executives confident in AI skills, but adoption barriers persist Even as UK tech executives from a Zartis study are highly confident in their AI expertise, they recognize looming barriers to AI adoption. An overwhelming majority use AI, with unanimous agreement on its indispensability. High industry pressure fuels AI investments, despite concerns over cost, talent scarcity, and technical complexity. Significant funds are being poured into AI, especially in software development, while executives look to government regulation for future guidance on managing AI's challenges and complexities. This article was sourced, curated, and summarized by MindLab's AI Agents. Original Source: Original Source: AI News Full Article: https://lnkd.in/diQFPF2e

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British AI company Wayve has secured over $1 billion to launch the first ‘embodied AI’ technology, to power the next generation of self-driving cars.   Th embodied AI technology will enable self-driving vehicles to learn from and interact with a real-world environment, including the ability to navigate and learn from situations that do not follow strict patterns or rules, such as unexpected actions by drivers or pedestrians – going far beyond the capabilities of existing technology.   Founded in the UK in 2017, Wayve is a home-grown British success story and a testament to the UK’s global leadership in creating the economic and regulatory conditions for start-ups in the AI and self-driving vehicle industries to grow and thrive. https://lnkd.in/eAPhzg-9 

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Dr Leslie Kanthan, CEO and Co-Founder of TurinTech AI will present a problem solving case study at AI in Capital Markets Summit London on 20 June, focusing on accelerating financial software runtime using GenAI-powered code optimisation tools, and answer: ❓How can the practical application of GenAI-powered tools be used in real-world scenarios to improve software performance? ❓How can AI be applied to LLMs for identifying and optimising inefficient code segments? ❓What are the implications of these performance improvements for financial systems and markets relying on QuantLib? Register: https://lnkd.in/g9W_dZR4 #casestudy #AI #GenAI #software #runtime #codeoptimisation #LLMs #capitalmarkets

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Dr Leslie Kanthan, CEO and Co-Founder of TurinTech AI will present a problem solving case study at AI in Capital Markets Summit London on 20 June, focusing on accelerating financial software runtime using GenAI-powered code optimisation tools, and answer: ❓How can the practical application of GenAI-powered tools be used in real-world scenarios to improve software performance? ❓How can AI be applied to LLMs for identifying and optimising inefficient code segments? ❓What are the implications of these performance improvements for financial systems and markets relying on QuantLib? Register: https://lnkd.in/g9W_dZR4 #casestudy #AI #GenAI #software #runtime #codeoptimisation #LLMs #capitalmarkets

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Dr Leslie Kanthan, CEO and Co-Founder of TurinTech AI will present a problem solving case study at AI in Capital Markets Summit London on 20 June, focusing on accelerating financial software runtime using GenAI-powered code optimisation tools, and answer: ❓How can the practical application of GenAI-powered tools be used in real-world scenarios to improve software performance? ❓How can AI be applied to LLMs for identifying and optimising inefficient code segments? ❓What are the implications of these performance improvements for financial systems and markets relying on QuantLib? Register: https://lnkd.in/g9W_dZR4 #casestudy #AI #GenAI #software #runtime #codeoptimisation #LLMs #capitalmarkets

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AI start-up secures $1bn in funding for self-driving car software 😯 🚗 Wayve, a London-based developer of AI systems for self-driving vehicles, has announced it's raised $1 billion - an eye-popping sum for a European start-up and an illustration of investor optimism in AI 💰 Softbank, the Japanese conglomerate that backed Uber and other tech companies, was the lead investor, along with Microsoft and Nvidia 🤔 While many see autonomous driving as only a matter of time, the technology is expensive, difficult to build, faces intense regulation and a huge amount of scrutiny from the media and the public Read more on The New York Times ⤵ --- 🚀 Be a catalyst for salary transparency. Gain a better understanding of your value. Keep salaries competitive. Take part in Harnham's 2024-2025 Data & AI Salary Survey: https://lnkd.in/eXCp6pAc

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UK AI company Wayve has announced a $1.05 billion investment to develop the next generation of AI-powered self-driving vehicles, marking the biggest investment in a UK AI company in history 💸 Backed by SoftBank Group Corp., NVIDIA and Microsoft, Wayve will use this investment to develop and launch the first “embodied AI” technology for self-driving vehicles in the UK 🚘 👇 Find out more below 👇 #StartupsMagazine #Startups #Entrepreneur #AI #SelfDrivingVehicles

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Read "How AI is Revolutionising Manufacturing: Boosting efficiency, reducing costs, and driving innovation" authored by Anand Mahurkar Founder & CEO Findability Sciences. Click here for more: https://shorturl.at/PXOv4 #innovation #operations #reducecosts #AI

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AI often results in "teenager syndrome" where companies decide to implement AI purely because "everyone else is doing it." Fantastic keynote by Peter O Connell from Code Institute on the importance of understanding the value generation and problems AI is solving for companies when considering to invest. Organisations need to know why they are investing in AI and the problems it will solve and also whether the cost of solving those problems isn't higher than the economic value generated. #NAIM24 #AIMeet #AIforGood #AIgenerativeValue Mike Conroy Caroline Cawley itag - Technology Dee Timoney Alpha Innovations Lab Dogpatch Labs The Guinness Enterprise Centre Huckletree JLR RDI Hub Rubicon Centre Michael Madden Enterprise Ireland Sree (Sreekanth Nagabhushana) Code Institute Codú jarvic.ai®AI Studio ChatGPT-4 Gemini Boston Scientific Fexco Google OpenAI

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The rise of vertical AI solutions has unearthed new business models that will transform the workflows of many industries. For Tidal Ventures Partner Georgie Turner, these models include: 🔌 copilots ✈️ autopilots 🚀 AI-enabled services This expansion holds many implications and, for Georgie, will drive activity in areas where human labour was insufficient and ultimately lead to a huge leap forward that will change how many industries operate.

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Our CEO Marc Warner kicked off the Fortune #BrainstormAI London conference yesterday by dispelling fears that the adoption of AI at scale will automatically lead to mass job losses. “That will be much further away than those people anticipate….Look at when we were promised fully autonomous cars—it’s taken a bit longer than we expected.” You can view the full panel discussion here - https://lnkd.in/e65yaHkT #GenAI #GenerativeAI

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