Artificial intelligence is among the rapidly growing tech segments in the globe today. It presents numerous opportunities that will transform the world and how we live. There are various advancements and innovations in the AI industry that will revolutionize the tech space in the world. Canada has been among the leading countries in the development of AI innovations. This week Canada witnessed the launch of Alexa translations AI.
Alexa Translations Launches Alexa Translations AI
Alexa Translations launched the innovative language tech that will be vital in addressing the requirements of professional services. The tech employs AI in generating real-time translations of industry-specific and complex text, especially in the financial and legal services. This is the first technology specializing in the French-Canadian market.
AI technology can detect context and sentence syntax and other nuances from different languages. Several AI layers power the Alexa Translations AI tech allows the system to give high-quality results. They also offer the system the ability to learn continuously and improve. The system has the ability to translate complicated and lengthy documents in a better manner than other translation tools.
According to the COO of Alexa Translations Rob Cole, the tech will offer professional services to their clients without compromising quality. He also adds that in-house translation teams scan as well use the tech to pre-translate complex and large projects thus saving resources and time.
GoldSpot signs deal in AI mineral resource exploration
AI is increasingly becoming useful in all sectors including mining. For instance, Canadian tech company GoldSpot Discoveries Corp (OTCMKTS: GDDCF) uses AI and machine learning in making mineral discoveries. The company has announced a four-year collaboration deal with the Metal Earth project. This is a $104 million research and development project spearheaded by the Mineral Exploration Research Centre at the University of Laurentian.
The company in collaboration with Metal earth will examine geological and geophysical datasets in developing algorithms. The algorithms will determine the possibility of mineral endowment in the Precambrian region. According to the company CEO Denis Laviolette, their AI algorithms will help in analyzing various data layers to enable simultaneous comparison in ways in ways humans can’t. The CEO indicated that the use of AI will be vital in having an objective examination of the relationship between various geological variables.
Uber introduces Uber Freight in Canada
After recently expanding to Europe, Uber Technologies Inc. (NYSE: UBER) is now launching the digital freight service in Canada. This is a significant move that will facilitate seamless local as well as cross-border loads. The expansion to Canada increases the global footprint of Uber Freight following its expansion to Germany, Netherlands, and Poland.
This is a huge prospect for Uber considering there is a massive shortage of drivers in Canada on freight. The freight industry in Canada is worth $68 billion and thus the freight platform will be vital in increasing efficiency in North America. Uber Freight Head Lior Ron stated that their complex market place tech positions the company well to offer solutions to freight challenges not only in Canada but across the globe.