Topic: ai forecasting
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Foodforecast Secures €8M to Revolutionize Food Industry with AI
Foodforecast, a Cologne startup, has raised €8 million in Series A funding to expand its AI-driven platform across Europe, aiming to reduce waste for ultra-fresh, perishable food products. The company's technology replaces manual, error-prone demand forecasting with data-driven predictions, helpi...
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AI's New Role in Economic Forecasting
AI is revolutionizing economic forecasting by analyzing diverse data streams to detect economic shifts earlier than traditional methods, enabling more proactive policy responses. While AI enhances forecast accuracy and supports faster decision-making through real-time data and simulations, expert...
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Google's New Hurricane Model Was Stunningly Accurate This Season
Google DeepMind's AI-driven Weather Lab demonstrated superior accuracy in Atlantic hurricane forecasting, significantly outperforming traditional models like the Global Forecast System (GFS). The AI model achieved notably lower track forecast errors, with a five-day prediction error of just 165 n...
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