Good morning! Here’s your quick scan of the latest developments in automotive AI chips, precision oncology, legal careers, cybersecurity, and crypto-AI investments.
Today’s Updates: Indie Semiconductor has launched a new AI edge chip to accelerate real-time image processing in automotive smart cameras for ADAS and autonomy applications. In a related development, Infosys-backed precision oncology startup 4baseCare has raised Rs 128 crore in Series B funding for its AI cancer-testing platform.
Fast-Track Insights: AI is starting to transform the legal industry, with activities like research and documentation becoming automated, raising questions about entry-level prospects in the future. On the other hand, according to cybersecurity professionals, jobs are not being replaced but rather complemented by AI, which creates the need for personnel versed in the management and implementation of AI technology.
In the crypto industry, investment in companies integrating blockchain and AI technologies has risen sharply. While there is increased investor confidence in this area, analysts caution that most applications require validation of utility and viability beyond financial gain.
A new edge AI chip, the iND881, has been unveiled by semiconductor firm Indie Semiconductor. The iND881 chip comprises an AI processing unit, a digital signal processor, and a quad-core ARM CPU, and is capable of processing images instantly with 1 millisecond latency. The chip is anticipated to enable advanced driver monitoring, smart mirrors, robotics, and autonomous mobility features.
Precision oncology startup 4baseCare has raised Rs 128 crore through a funding round backed by growX Ventures, Infosys, and existing investors. The Bangalore-based startup will leverage the capital to increase its global expansion of the AI cancer screening platform.
The use of AI technology in the industry is affecting the legal sector, more so in tasks performed by junior lawyers. Various industry experts have suggested that research, reviewing documentation, and case summaries can be done using automation in the coming years. However, law firms have maintained that human involvement is paramount.
As AI continues to be used in the industry, there will be an increased need for cybersecurity specialists who will employ AI technologies to execute tasks such as detecting threats and vulnerabilities and responding to incidents. Experts maintain that while AI is automating some of the tasks, careers in the field are emerging.
Venture capitalists are increasingly investing in startups whose projects entail the intersection between artificial intelligence and blockchain technologies. Although the sector has received increased funding from investors, various experts are pessimistic because most startups lack any practical value.