- ‘The financial sector understands the value of innovation and there is real ambition to implement artificial intelligence around the world, especially in Europe and the US’
Synechron Inc., the global financial services consulting and technology services provider, has announced that nearly 60 financial institutions are set to implement artificial intelligence (AI) technology – with interest spanning across four continents.
- Currently, 57 financial institutions based in Europe, the US, Middle East and Asia are being helped to adopt AI technology by Synechron: 28% of these firms are based in Europe with UK headquartered institutions accounting for nearly half (45%) of the interest in Europe, and 23% of interest worldwide.
- >See also: 5 ways AI will impact the global business market in 2017
A further 26% involve natural language processing or natural language generation.
- Most (54%) of the interest from the UK is centered on robotic process automation, while 43% of US firms and 30% of firms based on the European continent are interested in adopting natural language processing or natural language generation technology.
- >See also: Digital investment doubles in the UK, led by IoT and AI
Faisal Husain, Synechron co-founder and CEO, said: “The financial sector understands the value of innovation and there is real ambition to implement artificial intelligence around the world, especially in Europe and the US.
Demand for artificial intelligence reaches four continents in three months, new figures from Synechron show
Continue reading “Demand for artificial intelligence goes global”
- AI Financing Is Seven Times Higher in US Than China
(Yicai Global) July 28 — Total financing in America’s artificial intelligence sector totaled USD20.7 billion from 2001 through 2016, making up 71.8 percent of AI financing worldwide, a new report from Chinese digital industry think tank Wuzhen Institute said.
- Despite possessing great potential for AI development, China’s overall strength in the field significantly lags behind the US in terms of both the number of companies and the scale of financing.
- AI in China has developed most rapidly during the last three years, with new firms formed during that time making up 55.38 percent of the total number of AI companies in China from 2000 through 2016, the report finds.
- Financing of China’s AI companies over the last three years also accounts for 93.59 percent of total domestic financing since 2000.
- Regionally, Beijing ranks first in China in terms of new AI companies and financing, representing 50 percent of the country’s total financing.
Total financing in America’s artificial intelligence sector totaled USD20.7 billion from 2001 through 2016, making up 71.8 percent of AI financing worldwide, a new report from Chinese digital industry think tank Wuzhen Institute said.
Continue reading “AI Financing Is Seven Times Higher in US Than China”
- Today’s most advanced weapons are already capable of “making decisions” using built-in smart sensors and tools.
- However, while these weapons rely on some sort of artificial intelligence (AI) technology, they typically don’t have the ability to choose their own targets.
- Creating such weapons is now Russia’s goal, according to the country’s defense officials and weapons developers.
- Russia certainly isn’t the first nation to explore militarized AI.
- The US plans to incorporate AI into long-range anti-ship missile, and China is supposedly working on its own AI-powered weapons.
“As of today, certain successes are available, but we’ll still have to work for several years to achieve specific results.”
Continue reading “Russia is building an AI-powered missile that can think for itself”
- Chef Watson can’t chop, dice, or julienne.
- But ask the chef for a recommendation on cooking with green olives, and his knowledge is vast, incorporating data points from a library of recipes and an encyclopedia of flavor profiles.
- One of the early applications of IBM’s Watson technology, Chef Watson’s intelligence is in food.
- The goal for Chef Watson, IBM says, is to “surprise and delight human chefs.”
- HBR enlisted two cooks to partner with Watson in the kitchen: Ming Tsai, a renowned professional chef, and Gretchen Gavett, an HBR editor and kitchen novice.
We asked IBM’s AI to create recipes and then had celebrity chef Ming Tsai cook them. Watch what happened.
Continue reading “Artificial Intelligence, Real Food”
The Tesla CEO has stated that robots will cause massive disruption in the job market, and “will be able to do everything better than us.”
Continue reading “Elon Musk: Zuckerberg Has ‘Limited’ Understanding Of Artificial Intelligence”
- Tanmay Bakshi fell in love with computers at five, released his first iPhone app at nine, and now at just 13 years old is working with IBM on artificial intelligence.
- He is currently in Australia for the IBM Watson Summit, which brings together experts in artificial intelligence to discuss how the technology can help people and businesses in the future.
- “If you think about it, really anything would fascinate a five-year-old, especially a computer,” Tanmay told News Breakfast.
- Tanmay names Apple co-founder Steve Jobs as an inspiration — “especially his passion and dedication towards his work” — and is now most excited by how artificial intelligence can be used in health care.
- Tanmay has toured the world to spread the word on computer programming, including giving public lectures and joining forum discussions, which has meant he has left traditional school in lieu of home schooling.
Tanmay Bakshi isn’t your typical 13-year-old. Rather than playing video games he’s blazing new trails in AI and has become one of the youngest app developers in the world.
Continue reading “Meet the 13-year-old prodigy taking IBM and artificial intelligence by storm”
- Tesla chief executive Elon Musk shot back at Facebook CEO Mark Zuckerberg on Tuesday for saying people worried about artificial intelligence — the capability of machines to perform tasks usually reserved for humans — are “pretty irresponsible,” in a recent Facebook Live interview.
- Musk has been one of the most prominent voices in tech warning of the potential dangers of unchecked artificial intelligence, saying it’s humanity’s “biggest existential threat,” and the “greatest risk we face as a talked to Mark about this.
- — Elon Musk (@elonmusk) July 25, 2017
Beyond AI coming to take everyone’s job in the next 50 years, Musk has been more concerned with the plausible threat of machines moving beyond “narrow AI” — expertise in specific fields — and learning at a more rapid rate than humans can.
- He co-founded OpenAI in 2015, a research company aiming to build “safe AI” through a collaborative effort, rather than individual companies having an arms Rad Projects Elon Musk Has Worked On Musk has been at the forefront of Silicon Valley innovation for two decades.
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The real-life Tony Stark is the poster boy for Silicon Valley Musk has been at the forefront of Silicon Valley innovation for two decades.
Tesla CEO Elon Musk took issue with Mark Zuckerberg’s recent comments on artificial intelligence, saying the Facebook CEO’s knowledge is “limited”
Continue reading “Elon Musk Calls out Mark Zuckerberg’s ‘Limited’ Understanding of Artificial Intelligence”
- Tesla CEO Elon Musk charged that Facebook CEO Mark Zuckerberg has a “limited” understanding of artificial intelligence, continuing a public argument between the two tech moguls on the potential dangers of artificial intelligence.
- On Sunday, Zuckerberg said on a Facebook livestream during his 50-state speaking tour that apocalyptic speculation on the future of AI is “irresponsible.”
- The Facebook CEO’s comment came days after Elon Musk made headlines by calling for AI to be regulated before “it’s too late,” saying that the technology “represented a fundamental risk to the existence of civilization.”
- Musk shot down Zuckerberg’s credentials on the topic on Twitter, after another Twitter user sent him a link to an article with the Facebook CEO’s comments from Sunday.
- Despite their disagreements on the ultimate impact that AI could have on civilization, Zuckerberg and Musk agree that universal basic income is a potential solution to increased automation driven by AI displacing workers.
Musk and Zuckberg are in a spat about AI’s potential impact on society.
Continue reading “Elon Musk fires back at Zuckerberg on AI dangers”
- “There was no reward to sticking to English language,” says Dhruv Batra, visiting research scientist from Georgia Tech at Facebook AI Research (FAIR).
- We Teach Bots To Talk, But We’ll Never Learn Their Language Facebook ultimately opted to require its negotiation bots to speak in plain old English.
- The other issue, as Facebook admits, is that it has no way of truly understanding any divergent computer language.
- “It’s important to remember, there aren’t bilingual speakers of AI and human languages,” says Batra.
- As one insider at a major AI technology company told me: No, his company wasn’t actively interested in AIs that generated their own custom languages.
Researchers at Facebook realized their bots were chattering in a new language. Then they stopped it.
Continue reading “AI Is Inventing Languages Humans Can’t Understand. Should We Stop It?”