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Startup that makes robots for Walmart just raised another $29M
"The End of Work" author John Tamny discusses why technology will help the jobs market and how robots will help the entertainment industry. Walmart's robot maker Bossa Nova Robotics announced on Thursday that it has raised another $29 million to help ramp up its production to fill more retailer requests over the next six months. Martin Hitch, co-founder and chief business officer of the San-Francisco-based robotics company, says the new funding will allow them to produce hundreds of robots a month to meet its new demand for 2019. The new $29 million funding round was led by Cota Capital, China Walden Venture and LG Electronics, which bumps up the company's total funding to $70 million. Bossa Nova also announced a new manufacturing partnership with Flex to expand its production.
OpenText Decisiv brings Predictive Research to Enterprise Search - OpenText Blogs
It's been nearly a decade since Recommind (now OpenText) first pioneered predictive coding for legal document review with OpenText Axcelerate . The advent of supervised machine learning revolutionized eDiscovery with the simplest of principles: if those documents are of interest to you, these probably will be also. Now, all users searching for content across enterprises can benefit from this same principle -- and the same proprietary artificial intelligence technology -- with Predictive Research in OpenText Decisiv 8.2, released in advance of OpenText Enterprise World 2018. Decisiv's unsupervised machine learning provides sophisticated, conceptual analysis of unstructured content to help users find what they're looking for, faster. Decisiv helps legal teams, government workers and business professionals identify useful content, and people with specific expertise, by instantly searching across a wide range of enterprise sources, even when those searching are not sure what terms are likely to yield the best results.
Legal Tech Too Enable Banks To Cut Costs And Boost Efficiency
Smart technologies are maturing and set to disrupt the traditional conservative legal market. Banks in particular can leverage these to dramatically reduce their costs and boost efficiency, according to a new report. Technology is expected to fundamentally change the legal industry, a space that is still attached to manual and paper-based processes. According to McKinsey, 22% of a lawyer's job and 35% of a law clerk's job can be automated. "If I was the parent of a law student, I would be concerned a bit," Todd Solomon, a partner at the law firm McDermott Will & Emery, based in Chicago, told the MIT Technology Review.
News at a glance
In science news around the world, the European Commission proposes spending €13 billion on military R&D from 2021 to 2027, of which €4.1 billion would be for research--a 20-fold increase over an existing pilot fund. The British Business Bank, a public company owned by the U.K. government, unveils a £2.5 billion fund called British Patient Capital that will make long-term investments in technology companies. Google announces plans to open an artificial intelligence research center in Accra later this year, its first such laboratory in Africa. Israel says it will begin pumping desalinated water into the Sea of Galilee starting next year to alleviate the effects of a 5-year drought. The launch of the European Space Agency's Euclid mission to study dark energy will be delayed by 2 years to 2022 because of problems with its infrared sensors.
5 Major AI Trends of 2018 - DZone AI
Humans have always been thrilled with the concept of human-like robots and Artificial Intelligence (A.I.). Hollywood movies and science fiction have perhaps inspired several scientists to start working towards this direction. Although the AI bubble has burst many times, significant developments and breakthroughs are now renewing public interest in this field. In 2017, Gartner placed general AI at the stage of early adoption in its hype cycle. It also placed deep learning and machine learning technologies at the peak of this hype cycle. It is important to realize that AI is an umbrella term for several interlinked technologies.
Volkswagen SEDRIC Prototype: Riding in VW's Self-Driving Car - Motor Trend
Motor Trend will never publish a First Drive review on the Volkswagen SEDRIC. That's because the SEDRIC, which Volkswagen Group is currently evaluating for launch sometime after 2023, is a completely autonomous vehicle. It has no steering wheel. You just call it up on your smartphone and tell it where you are and where you want to go. When it arrives, get in, sit back, relax, and enjoy the ride.
Screen time harm to children is unproven, say experts
There is no strong evidence to support fears that screen time is inherently bad for children, experts have warned, adding that the recognition of so-called gaming disorder by the World Health Organisation is premature. Time spent using devices ranging from computers to smartphones and televisions has been the subject of debate after the UK's culture secretary Matt Hancock called for parents to set boundaries for their children on the use of tech. "Unlimited and unsupervised access to smartphones can be a portal to some very serious risks. And the chief medical officer has highlighted growing concerns around the impact on children's mental health. This backs up every parent's instinct; that children must be protected," he said.
Composing Your Thoughts - Issue 61: Coordinates
To death and taxes, Benjamin Franklin's binary list of life's certainties, add the expectation that this six-note sequence: Although we ponder ways to avoid or evade Franklin's list of unavoidable events, we generally accept this more benign certainty as immutable. The penultimate note of the tune generates such strong and specific anticipation that you are likely finding it difficult to continue reading without resolving the sequence. That anxious pause is key to composition and music's power. It creates a sense of prophetic certainty that allows musicians to play against expectations by thwarting the expected. The controlled manipulation of certainty and likelihood lurks behind those magical moments in which music has caused a shiver or a tear to fall. By infusing uncertainty or surprise into the mix, musicians literally play on our emotions.
Find out which World Cup footballer you look like with this AI tool
Are you more of a Ronaldo or a Kane? A new AI-powered tool, which uses facial recognition technology to find your football doppelganger, will help you find out. The artificial Intelligence will attempt to match your likeness with one of the 736 professional sportsmen currently competing in the World Cup in Russia. You can test the hilarious tool below – or via this link. To test the'Find Your World Cup Twin' tool, hit the Upload Image button at the bottom of the screen.
IBM Pits Computer Against Human Debaters
IBM Senior Technical Staff Member Noam Slonim stands with the IBM Project Debater system. IBM pitted a computer against two human debaters in the first public demonstration of artificial intelligence technology it's been working on for more than five years. The company unveiled its Project Debater in San Francisco, asking it to make a case for government-subsidized space research--a topic it hadn't studied in advance but championed fiercely with just a few awkward gaps in reasoning. "Subsidizing space exploration is like investing in really good tires," argued the computer system, its female voice embodied in a 5-foot-tall machine shaped like a monolith with TV screens on its sides. Such research would be a "very sound investment," it said.