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.”
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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”

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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The Startup Rushing to Usher in the Self-Driving Era Even Faster

The #Startup Rushing to Usher in the #SelfDriving Era Even Faster  @driveai_ #Cars #AI

  • Drive.ai never set out to build the best self-driving car.
  • Instead of striking early deals with car manufacturers to see who can roll out the most robust working product—though Drive.ai says it has some secret deals in place already—the company has focused on creating the best possible, fully autonomous self-driving AI “brain” in the world.
  • The company’s test vehicles have shown promising results driving in cloudy and rainy conditions that continue to stump other self-driving cars, bringing the world that much closer to the true prize in self-driving tech: the ability to eliminate the human altogether.
  • For now, drivers are expected to maintain awareness at all times, ready to take control of mostly self-driving cars if conditions make the automated system screw up.
  • And by lowering the price tag on self-driving from the cost of a new futuristic vehicle to that of a retrofit kit that can hook up with your old Toyota Tercel, Drive.ai could create a mass market overnight.

Using a simple kit users can make their cars self-driving if Drive.Ai is able to make these work for all car models on the road.
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This new AI can read your mind and predict your thoughts

This new AI can read your mind and predict your thoughts -   #ArtificialIntelligence  #AI

  • Today, various pieces of software can do everything from chat with us on Facebook Messenger to guiding the Mars rover Curiosity while its human engineers catch a nap.
  • The group’s new software takes a novel approach to guessing what is going on inside a human brain, using data gathered from brain scans via fMRI to predict human thoughts by seeing how the pattern of brain activity that produces them, then detecting it in reverse.
  • “One of the big advances of the human brain was the ability to combine individual concepts into complex thoughts,” lead researcher Marcel Just explains.
  • The discovery of this correspondence between thoughts and brain activation patterns tells us what the thoughts are built of.”
  • The algorithm was then trained using this data, and learned to detect the same patterns occurring again, accurately predicting what a person was about to say a stunning 90 percent of the time.

At one point in our history, the most impressive example of artificial intelligence was a computer that was really, really good at chess. Today, various pieces…
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YouTube Adds Machine Learning To Comments, Rebuilds Its Desktop Creator Studio

YouTube Adds Machine Learning To Comments #machinelearning #ML #datascience #youtube

  • Capping off the slew of updates it unveiled this year at VidCon, YouTube announced at a session on Saturday evening that it is rebuilding its Creator Studio on desktops and revamping comments with new machine learning technology.
  • The all-new YouTube Creator Studio — which the company is renaming YouTube Studio — will still feature a suite of channel management tools aimed to make creators’ lives easier.
  • YouTube says it’s rebuilding the Studio with creator input, and is inviting interested parties to sign up for a beta test right here.
  • YouTube said that updates to comments, including the ability for creators to bestow hearts and pin comments, are seeing great success.
  • The technology will also parse through comments to look for common themes and topics, giving creators a sense of what viewers are talking about at a glance.

YouTube announced it is rebuilding its Creator Studio on desktops and revamping comments with new machine learning technology.
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