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Madagascar Minister of Finance Says He Resigns

U.S. News

ANTANANARIVO (Reuters) - Madagascar's finance minister announced his resignation on Monday following media speculation over differences of opinion between him and the president. "The conditions enabling me to successfully complete my mission are not fulfilled," Gervais Rakotoarimanana told a news conference, without providing any further explanation for his decision. "That's why I handed in my resignation as minister of finance and budget to the president of the republic on Friday." Not all U.S. presidents are missed once they leave the White House. The Tesla and SpaceX CEO urged governors to regulate artificial intelligence before it's too late.


How intelligent apps are shaping the future of finance

#artificialintelligence

The world of finance is changing. Consumers are becoming more demanding for ease of engagement, while financial institutions are under pressure to transform services using advanced technology. With a host of start-ups threatening the major players through innovative approaches to the market, it's becoming an increasingly complex landscape to navigate. The one clear theme underpinning these shifts is applications. The financial sector is set to be transformed by the evolution of apps, whether adapting working methods to achieve greater efficiency or by consumers looking to better understand and manage their finances.


Continental invests in EasyMile

#artificialintelligence

Tech company Continental is to acquire a minority stake in EasyMile SAS, a French autonomous driving company developing driverless electric shuttles. These shuttles will play a key role in the addressing the'first/last-mile' challenge in the future of mobility. In addition to Continental's equity investment in EasyMile, the companies plan to cooperate closely in the fields of environmental sensors, braking systems and driving safety technologies. This opens the door for Continental to numerous possible applications within EasyMile shuttles worldwide, while incorporating tried and tested large-scale production techniques from the automotive field. The first example is that the EasyMile EZ10 fleet will be running on Continental EcoContact tires with optimized tread geometry, ensuring low rolling resistance and rolling noise.


Trump intervenes to grant rejected Afghan girls entry to U.S. for robotics contest

#artificialintelligence

Members of a female robotics team from Afghanistan Robotic House, a private training institute, arrive from Herat province to receive visas from the U.S. embassy in Kabul, Afghanistan on July 13. At the urging of President Donald Trump, U.S. officials have reversed course and decided to allow into the United States a group of Afghan girls hoping to participate in an international robotics competition next week, senior administration officials told POLITICO on Wednesday. The decision followed a furious public backlash to the news that the six teens had been denied U.S. visas. That criticism swelled as details emerged about the girls' struggle to build their robot and get visas. "The State Department worked incredibly well with the Department of Homeland Security to ensure that this case was reviewed and handled appropriately," Dina Powell, Trump's deputy national security adviser for strategy, said in a statement.


Factbox: List of Wimbledon Men's Singles Champions

U.S. News

Tennis - Wimbledon - London, Britain - July 16, 2017 Switzerland's Roger Federer celebrates winning the final against Croatia's Marin Cilic REUTERS/Toby Melville Reuters From 1877 to 1921 the men's singles was decided on a challenge-round system with the previous year's winner automatically qualifying for the final (British unless stated): Winner of all-comers' final declared champion. Not all U.S. presidents are missed once they leave the White House. The Tesla and SpaceX CEO urged governors to regulate artificial intelligence before it's too late. Administration officials traveled to Providence to gain support from key players like Gov. Brian Sandoval. Prime Minister Justin Trudeau and other foreign leaders reached out to U.S. governors ahead of slated talks.


Singapore: An autonomous innovation center

Robohub

Jim Robinson of RRE Ventures said it best last month at the Silicon Dragon Conference when comparing Silicon Valley to New York, "There are two kinds of centers that have a lot of startups and technology, there are technology centers and commerce centers." New York falls into the later category, while the Valley is the former. Sitting next to Jim, I reflected that Singapore might be in both groups, an Asian commerce hub and a leader in mechatronics. As an advocate for automation, I am often disheartened that the United States significantly lags behind its industrial counterparts in manufacturing autonomous machines. The key to a pro-job policy could be gleaning from the successes of countries like Singapore to implement America's own'Robot First Plan.'


Fighting Algorithmic Bias And Homogenous Thinking in A.I.

#artificialintelligence

Opinions expressed by Forbes Contributors are their own. The author is a Forbes contributor. The opinions expressed are those of the writer. When Timnit Gebru attended a prestigious AI research conference last year, she counted 6 black people in the audience out of an estimated 8,500. As a PhD candidate at Stanford University who has published a number of notable papers in the field of artificial intelligence, Gebru finds the lack of diversity in the industry to be "extremely alarming" and effectively an "international emergency."


How can we stop algorithms telling lies?

The Guardian

Lots of algorithms go bad unintentionally. Some of them, however, are made to be criminal. Algorithms are formal rules, usually written in computer code, that make predictions on future events based on historical patterns. To train an algorithm you need to provide historical data as well as a definition of success. We've seen finance get taken over by algorithms in the past few decades. Trading algorithms use historical data to predict movements in the market. Success for that algorithm is a predictable market move, and the algorithm is vigilant for patterns that have historically happened just before that move.


Artificial intelligence turns critical for banks facing nimble fintech rivals - The Financial Technologist

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When Swedbank customers face a problem, they reach out to Nina, the bank's virtual assistant. Visitors to Mizuho Bank are greeted by Pepper, a humanoid robot standing four feet tall. Santander allows payments to be activated by voice, and JP Morgan Chase now uses machine learning to review commercial loan agreements in seconds, a task that used to take 3,60,000 manhours every year. Wherever you look in the world of financial services, you will find some form of artificial intelligence (AI) at work. AI technologies such as machine learning and speech recognition are quietly working behind the scenes to improve lending decisions and prevent fraud.


Huawei will combine CPU, GPU and AI functions in a chip launching later this year

#artificialintelligence

Huawei is gearing up to launch an application processor that combines CPU (central processing unit), GPU (graphics processing unit) and AI (artificial intelligence) functions, according to a report from DigiTimes. Huawei Consumer Business Group CEO Richard Yu discussed the plans during the 2017 China Internet Conference in Beijing which started earlier this week. Yu stated that the new processor would debut in the second half of the year, though he didn't go into specifics about what the AI component of the chip would allow for (CPU and GPU have been being built into the same SoC since 2010). Yu did mention, however, that Huawei's EMUI interface supported "deep machine learning and smart computing capability," said DigiTimes. Which CPU and GPU will feature in this new chip is an interesting question.