Nesta’s Post

AI is powering a wave of digital technology aimed at supporting families — and the UK is leading the way in Europe. In a first-of-its-kind study, Nesta analysed trends in research, investment and patents to understand the trajectory of this emerging tech: 💥 UK research funding for early years digital tech is booming, with UKRI funding increasing by 166% from 2019 to 2023, while global research publications on the topic rose by 78% 📈 Global venture funding for early-years digital technology increased by 41% between 2019 and 2023, peaking during the pandemic 🏥 Health is a key focus, with two-thirds of UKRI research funding awarded to this area 🤖 AI is a key driver of this wave of innovation, with approximately two-thirds of newly awarded UKRI research funding directed toward AI-powered tech. Read the report: https://bit.ly/3VmH94M

AI is powering a wave of digital technology aimed at supporting families — and the UK is leading the way in Europe. In a first-of-its-kind study, Nesta analysed trends in research, investment and patents to understand the trajectory of this emerging tech: 💥 UK research funding for early years digital tech is booming, with UKRI funding increasing by 166% from 2019 to 2023, while global research publications on the topic rose by 78% 📈 Global venture funding for early-years digital technology increased by 41% between 2019 and 2023, peaking during the pandemic 🏥 Health is a key focus, with two-thirds of UKRI research funding awarded to this area 🤖 AI is a key driver of this wave of innovation, with approximately two-thirds of newly awarded UKRI research funding directed toward AI-powered tech. Read the report: https://bit.ly/4cQjKP0

AI is powering a wave of digital technology aimed at supporting families — and the UK is leading the way in Europe. In a first-of-its-kind study, Nesta analysed trends in research, investment and patents to understand the trajectory of this emerging tech: 💥 UK research funding for early years digital tech is booming, with UKRI funding increasing by 166% from 2019 to 2023, while global research publications on the topic rose by 78% 📈 Global venture funding for early-years digital technology increased by 41% between 2019 and 2023, peaking during the pandemic 🏥 Health is a key focus, with two-thirds of UKRI research funding awarded to this area 🤖 AI is a key driver of this wave of innovation, with approximately two-thirds of newly awarded UKRI research funding directed toward AI-powered tech. Read the report: https://hubs.ly/Q02R450b0

#Innovation | 𝗕𝗿𝗶𝗻𝗴𝗶𝗻𝗴 𝗦𝘄𝗶𝘀𝘀 𝗔𝗜 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝘁𝗼 𝘁𝗵𝗲 𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗙𝗼𝗿𝗲𝗳𝗿𝗼𝗻𝘁 | ETH Zürich and EPFL have announced an enhanced collaboration to boost AI performance across Switzerland. They are launching the Swiss National AI Institute (SNAI), that will focus on developing large-scale AI foundation models that promise reliable functionality in essential areas such as healthcare, sustainability, and education. Equipped with an impressive computing power of 10,000,000 GPU hours to develop large scale AI foundation models, the SNAI aims to solidify Switzerland's position as a hub for inclusive and trustworthy AI research and applications. This collaboration is crucial for driving the development of new AI applications that will benefit both Swiss industry and society, and accelerating innovation. 👉 Learn more (EPFL) >> https://lnkd.in/gDvd6xrQ 👉 Learn more (ETH Zurich) >> https://lnkd.in/gfr_Rimj 🇨🇭 Follow #ScienceSwitzerland for the latest news and emerging trends on Swiss science, technology, education, and innovation >> swissinnovation.org Follow us >> Science-Switzerland #Science | #Education | #Research | #Innovation

Valais 🏔️– Switzerland 🇨🇭: Idiap Research Institute announces the 13th edition of its hackathon, a highly anticipated event that facilitates the translations of ideas into prototypes: ICC - Idiap Create Challenge This year’s hackathon, is set to take place 🗓️ from August 20th to 28th, 2024. This year, the ICC saw a record-breaking number of applications, with over a hundred talented individuals vying for a spot in the event. After the selection process, 7️⃣teams, comprising 20 participants 🚀, were chosen to bring their innovative ideas to life. The quality and diversity of this year’s project themes are remarkable, with teams focusing on: 🧠 Generative AI for legal practices 🧠 Minimizing food waste 🧠 Assisting people with disabilities 🧠 Training speech classifiers 🧠 Detecting fake news ☝️ The 9-day challenge is free of charge for the selected candidates/teams. Accommodation and dinners are refundable upon submission of the expenses report and the original receipts (see their terms and conditions). Invest in Switzerland Greater Geneva Bern area (GGBa) Switzerland Global Enterprise Presence Switzerland Etat du Valais - Staat Wallis Economic Promotion Valais Swiss Business Hub USA Swiss Business Hub India Swiss Business Hub Korea Swiss Business Hub Italy Swiss Business Hub Japan Boundary Holding Consulate of Switzerland, Swissnex in Japan Swissnex in San Francisco Swissnex in Brazil Swissnex in Boston and New York Huna swisstech Fondation The Ark CimArk BCVs | WKB Ville de Martigny IdeArk SA Venture Kick Biofruits ten23 health FoodHack Switzerland Innovation Park West EPFL Alp ICT Trust Valley SwissCognitive | AI Ventures, Advisory & Research Swiss Informatics Society SI AI for Good State Secretariat for Education, Research and Innovation SERI

IS AI DIMINISHING THE JOY OF SCIENCE? New study by MIT suggests AI in research boosts productivity but undermines job satisfaction, raising questions about its impact on the essence of scientific discovery. Quick summary: - Study by MIT’s Aidan Toner-Rodgers found a 44% increase in discoveries and 39% more patents using AI in materials science labs - Despite productivity gains, 82% of scientists reported lower job satisfaction. AI now handles 57% of idea generation tasks, traditionally the most fulfilling part of research - Scientists feel reduced to "lab technicians," focusing on testing AI-generated ideas rather than exploring their own - Concerns: Overemphasis on efficiency risks eroding curiosity, creativity, and long-term scientific inspiration 'The economic impact of artificial intelligence will depend critically on whether AI technologies not only transform the production of goods and services, but also augment the process of innovation itself" - Aidan Toner-Rodgers, PHD student, MIT Click below to read the full study👇 NAVIGATING AI: Ask AI is an independent nonprofit that's been helping people stay one step ahead of artificial intelligence opportunities and disruptions since 2017. Join monthly newsletter: https://lnkd.in/gA2aB_Ef AI innovator? Share demo: https://lnkd.in/gc43EUDu Business leader? Share insights: https://lnkd.in/gV8wVAVx Brand manager? Explore sponsorship: https://lnkd.in/gggxydZ4 Startup or investor? Join Venture Match: https://lnkd.in/ga7q5Ned Event organizer? Let's collaborate: https://lnkd.in/gnMurTF5 #artificialintelligence #scientificresearch #ethics #research #researchers #science #scientificresearcg #discovery #innovation

Are you ready to unlock the full potential of AI in your organization? Join us for our upcoming webinar, "Secrets to Successful AI Adoption," where industry experts will share insights, strategies, and real-world examples to help you navigate the AI landscape effectively. 🌟 Whether you're just starting out or looking to enhance your current initiatives, this session is designed for you! 💡 Don’t miss out on the chance to transform your approach to AI! #AI #Webinar #Innovation #DigitalTransformation

#AI Revolution. Let’s embrace the opportunity of AI and shape it. - Technology is never good or bad, it’s the purpose and context which matters. - LLMs and GenAI have huge potentials but also challenges (biases, copyright). Costs are huge, e.g. Google‘s Gemini 191 million $ for engineering, training, energy. - Europe has mainly missed the train on Foundational Models but huge potentials for applications are everythere. Let’s build the business models around industrial verticals - Think big, start small, fail cheap, move fast! I had the privilege to chair the session with Matthias Tauber, Managing Director Boston Consulting Group (BCG) Europe, IMEA, SA, Alexandra Wudel, Founder of FemAI - Center for Feminist Artificial Intelligence, and Jonas Kjellberg, Chairman of NORNORM and serial AI entrepreneur (CEO Skype etc). Thanks to the great student organizer team. St. Gallen Symposium Universität St.Gallen (HSG)

Silicon Valley's reign as the AI kingpin is being challenged. There's a seismic shift happening. Across the globe, local communities are emerging as unexpected contenders, driving innovation and shaping the next tech revolution. They're proving that groundbreaking ideas and AI breakthroughs aren't confined to a single geographic location. Why is this happening? Diversity of thought. Local communities bring unique perspectives and challenges to the table, fostering innovative solutions that Silicon Valley's echo chamber might miss. Access to untapped talent. Beyond the Bay Area, there's a world brimming with brilliant minds, hungry for opportunity and ready to solve complex problems with AI. Cultural insight. Localized AI solutions are being developed with a deep understanding of cultural nuances, making technology more accessible and relevant to people's lives worldwide. This decentralization of AI innovation democratizes technology, making it more reflective of the global population it seeks to serve. It's a reminder that the future of tech isn't about a single place or group of people. It’s about a global community pushing the boundaries of what's possible. Enterprise Technology Association was created to empower connection and build bridges to communities across the nation.

In the past year, I've seen an uptick in AI experimentation across traditionally conservative industries -although most deployments remain in Proof of Concept (PoC) stage. However, with token costs decreasing, AI is becoming more accessible and reliable, allowing businesses of all sizes to experiment with automation, data governance, and decision-making capabilities. The real benefits of AI currently lie in narrow, well-controlled use cases, but as these PoCs evolve, broader adoption will follow. Companies that invest now in focused AI projects will be better positioned when the technology scales and more disruptive applications emerge. #AIMonth #AnsonMcCade #AMC