UCSD To Create a New School to Advance Data Science and Prepare Graduates to Propel Innovations in AI

In an announcement made in December, 2021, Verusen, a startup specializing in leveraging AI resources to support global supply chains, detailed a recently formed partnership with Machine Compare, a supplier of one of the world's largest databases for machinery and leading B2B marketplace for buyers and sellers of industrial spare parts. The partnership is aimed at enhancing the customer experience, limiting risk, reducing waste, and helping companies conduct materials management and commerce in a new and efficient way. Verusen founder and CEO Paul Noble explains the partnership is targeted to resolve a painful and wasteful process and will ultimately allow manufacturers to realize a whole new level of sustainability. For his part, Machine Compare CEO Ben Findlay is looking for a reduction in downtime, stockouts, and costs. Furthermore, the burdens lifted by the Verusen AI capabilities are targeted to reduce the amount of manpower committed to time-consuming, reactive tasks, allowing for a more proactive and long-term management of goals.

On February 8, 2022, the European Commission formally proposed what's commonly referred to as the European Chips Act. The legislation plans to build on Europe's strengths and address weaknesses to develop a thriving domestic semiconductor ecosystem and resilient supply chain, while setting measures to anticipate and respond to future supply chain disruptions. In the short term, the Act seeks to bolster EU capabilities to anticipate future chips crises, strengthen manufacturing activities in the EU, and support scale-up and innovation across the whole value chain. In the mid- to long-term, it seeks to reinforce Europe's technological leadership while developing mechanisms to support transfer of knowledge from the lab to the fab and position Europe as a technology leader in innovative downstream markets.