Britain Banks on Robots, Artificial Intelligence to Boost Growth

Britain is banking on robots and artificial intelligence to boost growth

  • Britain Banks on Robots, Artificial Intelligence to Boost Growth

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    February 25, 2017, 7:01 PM EST

    Britain is betting that the rise of the machines will boost the economy as the country exits the European Union.As part of its strategy to champion specific industries, the U.K. government said in a statement on Sunday that it would invest 17.3 million pounds ($21.6 million) in university research on robotics and artificial intelligence.

  • The government cited an estimate from consultancy Accenture that AI could add 654 billion pounds to the U.K. economy by 2035.
  • “We are already pioneers in today’s artificial intelligence revolution and the digital strategy will build on our strengths to make sure U.K.-based scientists, researchers and entrepreneurs continue to be at the forefront,” Culture Secretary Karen Bradley said in the statement, which referenced AI’s contribution to smartphone voice and touch recognition technologies.
  • The U.K.’s digital strategy proposal, set to be unveiled on Wednesday, also includes a review of AI to determine how the government and industry can provide further support.
  • “Investment in robotics and artificial intelligence will help make our economy more competitive, build on our world-leading reputation in these cutting-edge sectors and help us create new products, develop more innovative services and establish better ways of doing business,” Business Secretary Greg Clark said in the statement.

Britain is betting that the rise of the machines will boost the economy as the country exits the European Union.
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A boost for artificial-intelligence research in Montreal

A boost for artificial-intelligence research in #Montreal 
 #AI

  • To help spur artificial-intelligence research in Montreal, Microsoft will provide a gift of $1 million to McGill University.
  • As part of its investment, Microsoft will provide gifts for AI research to the Université de Montréal and to McGill.
  • Gift from Microsoft follows company’s planned acquisition of Maluuba
  • Microsoft’s gift to McGill “will allow us to recruit and support the best graduate students in this field,” said McGill computer-science professor Joelle Pineau.
  • “Thank you to Microsoft for this investment in Montreal’s AI strengths,” said McGill Principal Suzanne Fortier. “

To help spur artificial-intelligence research in Montreal, Microsoft will provide a gift of $1 million to McGill University.
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Something New Is Coming – AltspaceVR – Medium

Something New Is Coming  #vr #ar #ai

  • Co-authors Robert Scoble and Shel Israel lead a discussion in virtual reality about how technology got us this far and why AR/VR and AI is next
  • Scoble and Israel, looking down the path of the future with AR, VR, and AI, also want to remind us: “Something new is .”
  • With his first reading, Israel introduced us to the book’s theme by way of its opening sentence – one with a leading clause that sounds particularly familiar. “
  • Entrenched in the tech and digital worlds since before DOS was popular, tech evangelist Robert Scoble and prolific writer Shel Israel performed a reading of their newest collaboration, a book entitled The Fourth Transformation: How Augmented Reality (AR) and Artificial Intelligence (AI) Will Change Everything.
  • In the beginning,” Israel started, “there were mainframes.

Co-authors Robert Scoble and Shel Israel lead a discussion in virtual reality about how technology got us this far and why AR/VR and AI is next Entrenched in the tech and digital worlds since before…
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Elon Musk’s nonprofit is working with Microsoft to help make sure robots don’t take over the world

Elon Musk’s nonprofit is working with Microsoft to keep robots from taking over the world

  • Open AI will use thousands of Microsoft’s virtual machines.
  • Open AI plans to use “thousands to tens of thousands” of Microsoft’s virtual machines, the nonprofit wrote in a blogpost today.
  • Elon Musk has spoken extensively on his fear that artifical intelligence is “potentially more dangerous than nukes” and has described the search for artifical intelligence as “summoning the demon.
  • The company wants to use AI to simplify your work conversations.
  • Microsoft Azure supports open source technologies, which is a crucial part of Open AI’s mission.

Open AI will use thousands of Microsoft’s virtual machines.
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Machine Dreams: Making the most of the Connected Industrial Workforce

Most manufacturers expect the #ConnectedWorkforce to be commonplace by 2020.  #IIoT #AI

  • Most manufacturers recognize the benefits of a Connected Industrial Workforce.
  • Machine Dreams: Making the most of the Connected Industrial Workforce
  • It’s vital that manufacturers move quickly to build new business models robust enough to deliver the full promise of the Connected Industrial Workforce.
  • Most manufacturers still lack the confidence to implement such a workforce successfully.
  • Raising their game by dedicating higher proportions of their R&D budgets to the Connected Industrial Workforce.

Read the full article, click here.


@AccentureTech: “Most manufacturers expect the #ConnectedWorkforce to be commonplace by 2020. #IIoT #AI”


Read Accenture’s survey about the Connected Industrial Workforce in which men and machines reinvent the production and service processes in manufacturing.


Machine Dreams: Making the most of the Connected Industrial Workforce

Why Twitter Just Bought an Artificial-Intelligence Start-Up Called Magic Pony

Twitter has bought an artificial-intelligence start-up for $150 million  via @VFHive

  • Magic Pony is the third machine-learning start-up Twitter has purchased in as many years.
  • Fresh off a $70 million investment in audio-streaming service SoundCloud , Twitter announced Monday that it has purchased Magic Pony, a British artificial-intelligence start-up, for a reported $150 million .
  • Prior to buying up Magic Pony, Twitter bought A.I. start-ups Madbits in 2014 and Whetlab a year later.
  • “Today, we’re very excited to announce that we’re expanding our capabilities in machine learning,” Dorsey wrote on Twitter . “
  • Magic Pony, whose image-processing technology could be used to improve Twitter’s video capabilities, comes as Dorsey is under increased pressure to drive new users to the social messaging platform by expanding into hosting live events.

Read the full article, click here.


@VanityFair: “Twitter has bought an artificial-intelligence start-up for $150 million via @VFHive”


It’s the tech giant’s third machine-learning acquisition in as many years.


Why Twitter Just Bought an Artificial-Intelligence Start-Up Called Magic Pony

EmTech Digital 2016: How AI Will Affect You

Looking for a central location for all of our #AI coverage at #EmTechDigital? You got it -

  • The mission of MIT Technology Review is to equip its audiences with the intelligence to understand a world shaped by technology.
  • See all of our coverage from MIT Technology Review ‘s conference in San Francisco, which focuses on the impact of artificial intelligence.
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  • EmTech Digital 2016: How AI Will Affect You 04 Stories
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Read the full article, click here.


@techreview: “Looking for a central location for all of our #AI coverage at #EmTechDigital? You got it -”


See all of our coverage from MIT Technology Review’s conference in San Francisco, which focuses on the impact of artificial intelligence.


EmTech Digital 2016: How AI Will Affect You