5 things about AI you may have missed today: US to invest in AI drones to counter China, Fintech companies leveraging AI

tech.hindustantimes.com:

AI Roundup: Rapid advancements in AI are taking place on a daily basis as can be gauged by the announcements by companies, big and small. IIT Bombay has announced a new Chair Professorship in generative AI in collaboration with Google Cloud; Tencent Holdings is preparing to announce its new AI chatbot soon.

All this, and more in today's AI roundup.

Harnessing the power of AI, India's Apollo Hospitals on Wednesday announced its partnership with Google Cloud to provide AI telemedicine and online doctor consultation facilities across the country. According to a PTI report, the hospitals' partnership will result in the development of an AI-powered clinical decision support system, along with AskApollo service. Shobana Kamineni, Apollo Hospitals vice-chairperson said, “Access to timely and accurate health information is a real challenge in India, and our partnership with Google Cloud is poised to address it through various collaborations.”

At the ongoing Global Fintech Fest 2023 in Mumbai, Rajesh Mirjankar, MD of Kiya.ai, said that fintech companies are harnessing the power of AI to detect money laundering patterns and fund siphoning. As per an ANI report. the firms use AI to scan volumes of data as technological advancements have transformed the investigative practices of govt institutions. “Now we are not only scanning the large volumes of data for our govt clients and institutions, not just data but also patterns, social profiles, company profiles and what kind of business that company does and importantly, detect where you say money movement has happened as siphoning when you take a loan, etc,” Mirjankar said.

To counter the threat posed by China, the United States Department of Defense is planning to develop a vast arsenal