Asia
How AI is Going to Change The Way We Look at Jobs
India is facing a big conundrum these days. While it is fighting to embrace technology and emerge as a leader in the global digital transformation, Indian professionals are losing sleep over the possibility of losing out their jobs to the very same technology. From being irrelevant to losing out completely, India's workforce is spending its days in massive fear and uncertainty. But, like most other concerns, the fear of losing out to Artificial Intelligence is an assumed construct rather than an approaching reality. Ever since the World Economic Forum came out with the report'Future of Jobs' in 2016 highlighting global technological transformations, speculations have been floating around regarding the estimated job loss in India.
Matching people basis their social profiles using AI is the next step for Zolo Stays - IncubateIND Media
Founded in 2015 with the aim to redefine the living experience in India, Zolo provides fully managed and affordable stay options with a warm and homely environment. The founder duo, Nikhil Sikri and Akhil Sikri, recognised the gap in the managed affordable living space and the pain-points of people migrating to bigger cities for better opportunities. Zolo offers trusted and comfortable living solutions through ready-to-move-in rented rooms/beds that offer convenient amenities at affordable prices via an integrated app-based technology platform. Armed with a degree in medicine from AIIMS and a management degree from ISB, Hyderabad, Dr. Nikhil Sikri is the driving force behind Zolo. Under his guidance, Zolo has grown to become India's largest co-living brand within a short span of three years.
New Zealand Jacinda Ardern leader finds new focus as a parent
New Zealand Prime Minister Jacinda Ardern said those are the things she has obsessed over the most as a new parent, and that the experience of focusing on such basic needs for her baby girl has helped her appreciate why people with young families may not find time for politics. "So it's our job to make sure that we are serving the needs of people, regardless of whether they have time to engage with what we're doing or not," she said. "That's something that's been really amplified for me." Ardern spoke on Thursday at her bungalow in Auckland as she prepared to return to the capital, Wellington, after six weeks of leave following the birth of her daughter, Neve. Ardern, 38, is just the second elected world leader in recent history to give birth while holding office, and her story has provided inspiration for working mothers around the world.
How This Fintech Startup is Using Machine Learning to Mitigate Lending Risk
NPA is one of the largest issues in the lending sector in India, which is why the traditional lenders including the banks and NBFCs are more or less apprehensive to serve the salaried class. With over a decade of work experience in investment banking and private equity, Tushar Aggarwal moved back to India from the US to join as the Everstone Capital. Along with spearheading the firm's retail and financial services portfolio, he was also on the board of two NBFCs where Aggarwal realised the gap in how these companies where underwriting risks as against lenders should approach it. This prompted him to start StashFin. The company has RBI's NBFC license and it focuses on extending personal loans to salaried individuals.
The Amazing Ways Retailer JD.com Uses AI, Big Data & Robotics To Become The Global E-Commerce Leader
Often referred to as the Amazon of China, JD.com started in 1998 as a brick-and-mortar store in Beijing, but it has aspirations to be the world's leading e-commerce retailer. Based on its tremendous growth, it might not take long for the company to get there. Richard Liu, the company's founder, CEO, and chairman, has even gone so far to predict his company won't need humans and said, "I hope my company would be 100% automation someday…no human beings anymore, 100% operated by AI and robots." JD.com and its competitors such as Amazon, Alphabet, Tencent, Alibaba and more are not only racing to be the world's largest e-commerce business but to create the operating system for retail in the future. JD.com is driving business with artificial intelligence, big data, and robotics while building the retail infrastructure for the 4th industrial revolution.
NVIDIA expands deep learning institute with new offerings - AI News
NVIDIA is expanding its Deep Learning Institute (DLI) with new partnerships and educational courses. DLI, which trains thousands of students, developers and data scientists with critical skills needed to apply artificial intelligence, has joined hands with Booz Allen Hamilton and deeplearning.ai DLI and Booz Allen Hamilton will provide hands-on training for data scientists to solve challenging problems in healthcare, cybersecurity and defense. NVIDIA is also expanding its reach with the new NVIDIA University Ambassador Program that enables instructors worldwide to teach students critical job skills and practical applications of AI at no cost. The graphics processing designer is already working with professors at several universities, including Arizona State, Harvard, Hong Kong University of Science and Technology and UCLA.
Japan economy needs AI, robots to offset aging population: white paper - The Mainichi
Japan's aging population will require more investment in technology such as artificial intelligence and robots to make up for a decline in the labor force for economic growth, according to a government report released Friday. The world's third-largest economy is on firm footing, having enjoyed a moderate recovery for the past five and a half years under Prime Minister Shinzo Abe's policies including aggressive monetary easing by the Bank of Japan. "Corporate profits are at record highs, labor and income conditions are improving, and increased income is leading to an expansion in consumption and investment, showing that a'virtuous economic cycle' is beginning to take hold," said the annual white paper on the economy and fiscal policy. But the report warned that the country is also experiencing the worst labor shortage in a quarter century, and some industries such as transportation services and construction may already be seeing earnings suffer as a result. "Amid an aging population, (Japan) needs to drastically strengthen the supply side of the economy in order to deal with the labor shortage and realize sustainable growth," it said.
Samsung partners with Babylon Health to offer AI consultations
Samsung has partnered with Babylon Health to offer AI-powered medical consultations to its smartphone users via the'GP at Hand' service. AI News first covered GP at Hand in November last year. "GP at Hand is a window into what the NHS of the future will look like," said Dr Howard Freeman MBE, senior GP. "When innovative NHS GPs embrace Babylon's technology to make life better for their patients, the sky is the limit." The service uses AI to determine if a patient's symptoms require further attention before putting them in touch with a GP using video chat if necessary.
Generalization Error in Deep Learning
Jakubovitz, Daniel, Giryes, Raja, Rodrigues, Miguel R. D.
Deep learning models have lately shown great performance in various fields such as computer vision, speech recognition, speech translation, and natural language processing. However, alongside their state-of-the-art performance, it is still generally unclear what is the source of their generalization ability. Thus, an important question is what makes deep neural networks able to generalize well from the training set to new data. In this article, we provide an overview of the existing theory and bounds for the characterization of the generalization error of deep neural networks, combining both classical and more recent theoretical and empirical results.