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Regulatory compliance problems? Promontory, my dear Watson

#artificialintelligence

Never mind cancer research or climate change: IBM is finally bringing its Watson AI technology to bear on one of the real challenges still facing human civilisation โ€“ regulatory compliance. Big Blue has announced plans to snarf up Promontory Financial Group, a risk management and regulatory compliance consultancy, and combine the firm's expertise with Watson's cognitive capabilities in order to address the growing burden of regulation and risk management requirements. Promontory has about 600 workers in 19 offices across North America, Europe, Asia Pacific and the Middle East, and these are set to form the stout-hearted core of a new Watson Financial Services portfolio within IBM's Industry Platforms business. If all goes well, the transaction is expected to close before the end of 2016, but financial details of the deal have not been disclosed. According to IBM, more than 20,000 new regulatory requirements were created last year alone, and the complete catalogue of regulations is projected to exceed 300 million pages by 2020.


Sam Altman's Manifest Destiny

The New Yorker

One balmy May evening, thirty of Silicon Valley's top entrepreneurs gathered in a private room at the Berlinetta Lounge, in San Francisco. Paul Graham considered the founders of Instacart, DoorDash, Docker, and Stripe, in their hoodies and black jeans, and said, "This is Silicon Valley, right here." All the founders were graduates of Y Combinator, the startup "accelerator" that Graham co-founded: a three-month boot camp, run twice a year, in how to become a "unicorn"--Valleyspeak for a billion-dollar company. Thirteen thousand fledgling software companies applied to Y Combinator this year, and two hundred and forty were accepted, making it more than twice as hard to get into as Stanford University. After graduating thirteen hundred startups, YC now boasts the power--and the peculiarities--of an island nation. At the noisy end of the room, Graham was cheerfully encouraging improbable schemes. At the quiet end, Sam Altman was absorbed in private calculations. When founders came over to ...


A combination of machine learning and game theory is being used to fight elephant poaching in Uganda

#artificialintelligence

Africa's wildlife is in a constant state of danger. Between 2009 and 2015, Tanzania and Mozambique lost more than half of their elephants, many of them to poaching for ivory smuggling. The decline has propelled African vulture populations, who feed on elephant carcasses, toward extinction too. And attempts at curtailing poaching and ivory smuggling haven't helped the dwindling elephant population. In South Africa, rhinos are a prized poaching target too, for their horns.


IBM Acquiring Promontory Financial Group, Creating 'Watson Financial Services' :: MortgageOrb

#artificialintelligence

"Robo advisors" are a hot topic in the financial advisory business these days. These software applications use advanced analytics to provide investors with "objective" advice that is based purely on data and trends. What's more, they can be programmed to automatically allocate, deploy and rebalance investments. Robo advisors are a form of artificial intelligence and, thus, have numerous advantages over human advisors. For one thing, they always give the same advice regardless of which customer they are dealing with โ€“ so there is a consistency factor that is attractive from a consumer and regulatory standpoint.


Xiaomi launches Mi Tv 3S; the first TV with 'Artificial Intelligence'

#artificialintelligence

Xiaomi on Tuesday announced the launch of its second line of smart TVs- The Mi TV 3S, available in 55 inches and 65 inch and sporting 4K displays. This is the Chinese tech giant's second outing in the smart television market. Earlier in March, Xiaomi had launched the 43-inch FHD TV and the 65-inch curved Mi TV 3S. NNow, bothe the Mi TV 3S variants launched on Tuesday have 4K resolutions and support HDR. In China, they are priced at RMB 3,500( 525) and RMB 5,000( 750), respectively.


When Disaster Strikes, He Creates A 'Crisis Map' That Helps Save Lives

NPR Technology

Patrick Meier (center, in cap) flies a drone in Nepal after the earthquake in 2015. Meier and his team were able to to capture detailed images of damage around the capital, Kathmandu. He believes using this technology will make crisis mapping even more effective for disaster response. Patrick Meier (center, in cap) flies a drone in Nepal after the earthquake in 2015. Meier and his team were able to to capture detailed images of damage around the capital, Kathmandu. He believes using this technology will make crisis mapping even more effective for disaster response.


The doctor will see you nowโ€ฆ on your smartphone

#artificialintelligence

One Friday afternoon, I decided to check out a pea-sized lump on my neck that was causing me consternation. I started by calling my GP's surgery in south London. A recorded message informed me there were no appointments that day; after a few minutes, a receptionist came on the line and said that I could have an appointment on Monday. Not too bad, I thought, until I realised she was not talking about the Monday three days hence, but the one 10 days away. I could also try for a walk-in slot or a phone consultation from 8am to 10am on weekday mornings. The homepage was purple and teal, the writing welcomingly blobby.


AI startup PROWLER.io attracts seed funds - PE Hub

#artificialintelligence

UK-based artificial intelligence startup PROWLER.io has raised 1.5 million pounds in seed funding. The investors were Passion Capital, Amadeus Capital and Infocomm Investments. Cambridge, UK โ€“ 30th September, 2016 โ€“ Cambridge-based startup PROWLER.io has secured 1.5 million in seed investment to fund development of its sophisticated decision-making AI engine designed to revolutionise autonomous system design. This 1.5 million investment will enable PROWLER.io to build a prototype version of its platform with select partners. Initially the company will target games developers, with numerous other sectors to follow.


Car bomb kills 2 at restaurant in Mogadishu, Somali police say

Los Angeles Times

A Somali police officer says a car bomb blew up at the entrance of a restaurant in the Somali capital of Mogadishu, killing two people. Mohamed Hussein said the blast Saturday occurred at the Blue Sky restaurant close to the presidential palace. There was no immediate claim of responsibility for the bombing, but the Islamic extremist group of Shabab often carries out such attacks. Shabab, Al Qaeda's East African affiliate, is fighting to impose a strict version of Islam in this Horn of Africa nation. Despite losing a lot of ground in recent years, the extremist group continues to carry out lethal attacks in many parts of the country, especially in the capital.


Russia warns against US attack on Syrian forces

Los Angeles Times

Russia has warned the United States against carrying out any attacks on Syrian government forces, saying it would have repercussions across the Middle East. Russian news agencies quoted Foreign Ministry spokeswoman Maria Zakharova as saying that a U.S. intervention against the Syrian army "will lead to terrible, tectonic consequences not only on the territory of this country but also in the region on the whole." She says regime change in Syria would create a vacuum that would be "quickly filled" by "terrorists of all stripes." U.S.-Russian tensions over Syria have escalated since the breakdown of a cease-fire last month, with each side blaming the other for its failure. Syrian government forces backed by Russian warplanes have launched a major onslaught on rebel-held parts of the northern city of Aleppo.