Capitalism is ending because it has made itself obsolete, former Greek finance minister Yannis Varoufakis says

Capitalism is ending 'because it has made itself obsolete'

  • Former Greek finance minister Yanis Varoufakis has claimed capitalism is coming to an end because it is making itself obsolete.
  • Mr Varoufakis, who took on EU institutions over Greek debt repayments in 2015, said companies such as Google and Facebook, for the first time ever, are having their capital bought and produced by consumers.
  • “Firstly the technologies were funded by some government grant; secondly every time you search for something on Google, you contribute to Google’s capital,” he said.
  • Describing the present economic situation as “unsustainable” and fearing the rise of “toxic nationalism”, Mr Varoufakis said governments needed to prepare for post-capitalism by policies.
  • Mr Varoufakis came to prominence during the Greek sovereign debt crisis when he led Greece’s negotiating team seeking a resolution with its international creditors.

Former Greek finance minister Yanis Varoufakis has claimed capitalism is coming to an end because it is making itself obsolete.   The former economics professor told an audience at University College London that the rise of giant technology corporations and artificial intelligence will cause the current economic system to undermine itself. 
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Artificial intelligence now powers all of Facebook’s translation

Artificial intelligence now powers all of Facebook’s translation

  • On Thursday, Facebook announced that all of its user translation services—those little magic tricks that happen when you click “see translation” beneath a post or comment—are now powered by neural networks, which are a form of artificial intelligence.
  • Back in May, the company’s artificial intelligence division, called Facebook AI Research, announced that they had developed a kind of neural network called a CNN (that stands for convolutional neural network, not the news organization where Wolf Blitzer works) that was a fast, accurate translator.
  • Now, Facebook says that they have incorporated that CNN tech into their translation system, as well as another type of neural network, called an RNN (the R is for recurrent).
  • Facebook says that the new AI-powered translation is 11 percent more accurate than the old-school approach, which is what they call a “phrase-based machine translation” technique that wasn’t powered by neural networks.
  • As an example of the difference between the two translation systems, Facebook demonstrated how the old approach would have translated a sentence from Turkish into English, and then showed how the new AI-powered system would do it.

On Thursday, Facebook announced that all of its user translation services—those little magic tricks that happen when you click “see translation” beneath a post or comment—are now powered by neural networks, which are a form of artificial intelligence.
Continue reading “Artificial intelligence now powers all of Facebook’s translation”

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The Rise of Artificial Intelligence in Cyber Defense  #infosec #cybersecurity #tech

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The Artificial Intelligence Race: The AI Documentary

The Artificial Intelligence Race: The AI Documentary

  • Artificial Intelligence (AI) is a science and a set of computational technologies that are inspired by—but typically operate quite differently from—the ways people use their nervous systems and bodies to sense, learn, reason, and take action.
  • While the rate of progress in AI has been patchy and unpredictable, there have been significant advances since the field’s inception sixty years ago…

    Toby Walsh, Professor Artificial Intelligence, University of NSW Sydney “There’s lots of AI already in our lives.

  • You can already see it on your smartphone every time you use Siri, every time you ask a lexer a question, every time you actually use your satellite navigation.
  • You are using some AI that’s recognizing your speech, answering questions, giving you search results recommending books for you to buy on Amazon.
  • They’re the beginnings of AI everywhere in our lives.”

Artificial Intelligence (AI) is a science and a set of computational technologies that are inspired by—but typically operate quite differently from—the ways people use their nervous systems and bodies to sense, learn, reason, and take action. While the rate of progress in AI has been patchy and unpredictable, there have been significant advances since the field’s inception sixty years ago…
Toby Walsh, Professor Artificial Intelligence, University of NSW Sydney “There’s lots of AI already in our lives. You can already see it on your smartphone every time you use Siri, every time you ask a lexer a question, every time you actually use your satellite navigation. You are using one of these algorithms. You are using some AI that’s recognizing your speech, answering questions, giving you search results recommending books for you to buy on Amazon. They’re the beginnings of AI everywhere in our lives.”
Continue reading “The Artificial Intelligence Race: The AI Documentary”

Artificial intelligence now powers all of Facebook’s translation

Artificial intelligence now powers all of Facebook’s translation

  • On Thursday, Facebook announced that all of its user translation services—those little magic tricks that happen when you click “see translation” beneath a post or comment—are now powered by neural networks, which are a form of artificial intelligence.
  • Back in May, the company’s artificial intelligence division, called Facebook AI Research, announced that they had developed a kind of neural network called a CNN (that stands for convolutional neural network, not the news organization where Wolf Blitzer works) that was a fast, accurate translator.
  • Now, Facebook says that they have incorporated that CNN tech into their translation system, as well as another type of neural network, called an RNN (the R is for recurrent).
  • Facebook says that the new AI-powered translation is 11 percent more accurate than the old-school approach, which is what they call a “phrase-based machine translation” technique that wasn’t powered by neural networks.
  • As an example of the difference between the two translation systems, Facebook demonstrated how the old approach would have translated a sentence from Turkish into English, and then showed how the new AI-powered system would do it.

On Thursday, Facebook announced that all of its user translation services—those little magic tricks that happen when you click “see translation” beneath a post or comment—are now powered by neural networks, which are a form of artificial intelligence.
Continue reading “Artificial intelligence now powers all of Facebook’s translation”

Coursera co-founder, Andrew Ng, sets out to raise $150M for AI Fund

  • Andrew Ng, one of the founders of Coursera, has set out to raise a $150 million fund – dubbed AI Fund – in order to invest in artificial intelligence startups.
  • At the end of June, we reported that Ng had left the Chinese company, Baidu, where he was in charge of the AI team to form his new startup, deeplearning.ai.
  • At the time that we reported on that news, it wasn’t clear what Ng had in mind; in the time since, deeplearning.ai has started offering courses on Coursera which Ng himself is a co-founder of.
  • According to the course description on Coursera, those who complete the course should leave with the following skills:

    The year has been busy for AI funds, Google has rolled out Gradient Ventures, Basis Set Ventured drew in $136 million to their fund, Element.AI raised $102 million, Microsoft Ventures started an AI fund and Toyota gathered $100 million to spend on AI investment.

  • Ng’s recognition in the field should help him put together a decent fund to aid AI startups going forward.

Andrew Ng, formerly of Baidu and co-founder of Coursera, has filed with the SEC to set up ‘AI Fund’. He hopes that the fund will raise $150 million in order to help AI startups get off the ground.
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Meet the 13-year-old prodigy taking IBM and artificial intelligence by storm

Meet the 13-year-old prodigy taking @IBM and artificial intelligence by storm  @BreakfastNews

  • 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.
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