During The AI Summit London 2019, TechXLR8's own Tech TV team sat down with Anthony Impey, CEO of Optimy and a Board Member of the London Chamber of Commerce and Industry, to discuss the role AI has to play in the future of London's business landscape. With flagship shows in San Francisco, London, New York, Munich, Hong Kong, Singapore, and Cape Town, 2019 will see over 30,000 delegates from businesses globally joining the AI revolution through The AI Summit events. The AI Summit series uniquely has the support of tech's elite, with our 2019 Industry Partners featuring Agorai, AWS, IBM Watson, Microsoft, Oracle, Google, HCL, Publicis Sapient, Genpact, Intel alongside 300 sponsors and partners. Exclusive, inspirational insights from acclaimed speakers are frequently reported by the world's foremost press including official media partners CBS, Reuters, BBC, The Times, Quartz, Tech Radar.
Facial-recognition software is increasingly being used to track individuals without their permission.Credit: David McNew/AFP/Getty China wants to be the world's leader in artificial intelligence (AI) by 2030. The United States has a strategic plan to retain the top spot, and, by some measures, already leads in influential papers, hardware and AI talent. Other wealthy nations are also jockeying for a place in the world AI league. A kind of AI arms race is under way, and governments and corporations are pouring eye-watering sums into research and development. The prize, and it's a big one, is that AI is forecast to add around US$15 trillion to the world economy by 2030 -- more than four times the 2017 gross domestic product of Germany.
AI seems to be well on its way to becoming the most overused buzzword of the tech industry, but don't be put off by the hype. Some fintech companies in Asia are actually making use of natural language processing or machine learning for detecting fraud and making investment decisions. I recently interviewed two CEOs--Simon Loong from the Hong Kong unicorn WeLab and Jianyu Tu from MioTech--to better understand some of the recent developments in AI in Asia's fintech industry. Philippe Branche: First, could you describe your company in a few words? Simon Loong: WeLab is a fintech company providing seamless digital financial services.
If you make a purchase by clicking one of our links, we may earn a small share of the revenue. However, our picks and opinions are independent from USA Today's newsroom and any business incentives. Cool, we're on the same page then. When it comes to shopping for stuff you maybe kind of need (but definitely want), Amazon is the best retailer for a reason: they literally have everything. But combing through all those countless pages, scrolling and searching for what feels like hours to find that stuff that's actually good and not just a hunk of junk from China?
Top nations like Germany, Singapore and South Korea have adopted AI and robotics into the healthcare sector. Korea is the leading nation for AI adoption followed by Singapore, China and Taiwan according to an ITIF report. Healthcare systems around the world, notably the UK's National Health Service, have already engaged the use of AI health assistant programs to modify the clinical process with the help of applications and programs to give their patients information as well as facilitate meetings with clinicians. An Indian software company Sigtuple, created an AI- based telepathology system that automates their smart microscopes to take pictures and upload on cloud. This allows efficiency among pathologists for their diagnosis.
H2O.ai, which is on a mission to "democratize" artificial intelligence for not just enterprises, but for "everyone," announced this morning a $72.5 million Series D. This round nearly doubles the amount the company had raised in previous financings combined over its lifetime. Goldman Sachs and the Ping An Global Voyager Fund out of China led the round, which also included participation from existing backers Wells Fargo, NVIDIA GPU Ventures and Nexus Venture Partners. As part of the financing, Jade Mandel, vice president of Goldman Sachs' principal strategic investments group, will be joining H2O.ai's board. The round brings H2O.ai's total raised since it was founded in 2012 to nearly $147 million. Wells Fargo and NVIDIA GPU Ventures led its $40 million Series C in November 2017.
The People's Republic of China, nonetheless, is already an AI powerhouse, and for America to maintain its edge - and to prevent U.S. tech from being used for exceedingly disturbing purposes - Washington should force U.S. companies to end cooperative AI projects in China. The West should be seriously concerned: whoever wins at AI will both dominate the global economy and field the most destructive conventional military force. Unfortunately, American companies are helping China's leaders in what many call - correctly - crimes against humanity. For instance, AI researchers from Microsoft, Rensselaer Polytechnic Institute, and Michigan State University gave keynote speeches at the Chinese Conference on Biometric Recognition in Xinjiang in August of last year on facial recognition, a social-control technology. Some of Google's research is in China.
Cutting-edge robots are on display at the 2019 World Robot Conference in Beijing, running from August 20 to 25, are expected to attract nearly 200 guests from 22 countries. The conference features a series of exhibition areas for new robotic technologies and products - including medical, multi-legged, and smart logistics - as well as four contests with an anticipated 4,500 professional participants. Over 700 robots specialising with more than 21 industrial applications will be exhibited between now and the close of the conference. Among those exhibiting will be HRG Robotics, whose, president Wang Meng, said: 'We will be showcasing a string of successful companies which have got off the ground through the help of HRG, alongside our representative products at WRC 2019, as we aim to form new partnerships with companies around the world.' Also on display will be SmartBird, created by German firm Festo, whose design was inspired by the herring gull and whose flight mimics that of the bird.
When humans learned to extract metals from their ores and mix them into alloys such as bronze, brass and steel, technology took great leaps forward. Now researchers are turning to artificial intelligence to find the next generation of alloys. Scientists are already finding new alloys with increased strength and other improved features. A research team based in China have now published such discoveries in the journal Acta Materialia. Explaining the origins of their work, researcher Yanjing Su of the Beijing Advanced Innovation Center for Materials Genome Engineering cites as his inspiration the success of machine learning in mastering the strategy game Go.