Asia
33 Industries Other Than Auto That Driverless Cars Could Turn Upside Down
Fast food, real estate, military operations, even home improvement -- many large industries will have to shift their strategies in the wake of driverless cars. It's all but a certainty that autonomous or driverless vehicles will be widely used in the United States at some point over the next two decades. Already, over two dozen major corporates including Google, Apple and Mercedes Benz are hard at work building their own self-driving vehicles. Tesla's Model S already includes an autopilot mode where the car drives itself on highways. Car ownership and driving habits are being completely reinvented. We'll explore the growing number of mobility technologies that are set to transform the current transportation ecosystem. Clearly tech and auto companies stand to gain, but many other industries could face serious upheavals unless they are able to adapt to the many changes self-driving cars will bring to the market. Below, we dive into 33 industries, from the obvious (professional driving & trucking) to the more surprising (fitness?), that will be shaken up by the advent of autonomous vehicles.
Microsoft cooperates on AI with Taiwan universities Taiwan News
Microsoft announced its AI R&D hub last January. TAIPEI (Taiwan News) – Technology giant Microsoft is cooperating with three universities in Taiwan to speed up the training of talent in Artificial Intelligence (AI), reports said Thursday. As AI develops rapidly, there is an increasing shortage in staff able to meet the demand from business, the Liberty Times reported. As a result, Microsoft is signing agreements with three universities to help remedy the problem. While at the beginning of the year, the United States company set up an AI research and development hub in Taiwan, on Wednesday, it announced a training cooperation plan with Asia University in Taichung City.
Now, AI can detect heart attacks over a phone call
A Danish software company has developed an artificial intelligence (AI) programme that can detect heart attacks, according to a report in Bloomberg. The report said that the Corti SA's AI employs machine learning based on neural networks to analyse the words used in a panic call describing the incident, the tone of voice, and background noises. It then issues an alert about the likelihood of a heart attack. The software accurately detected cardiac arrests in 93% of cases versus 73% for human dispatchers, according to a study by the University of Copenhagen, the Danish National Institute of Public Health, and Copenhagen Emergency Medical Services. In addition, the software was able to make a decision in 48 seconds on an average, more than half a minute faster than humans.
Global Artificial Intelligence in Construction Market: Analysis, Strategic Assessment of Evolving Technology, Trends, Application - Press Release - Digital Journal
Pune, India -- (SBWIRE) -- 06/19/2018 -- The Artificial Intelligence is used in the creation of construction plans. Autonomous equipment is considered as AI as it is aware of its surroundings and is capable of navigation without human input. In the planning stages, AI machinery can survey a proposed construction site and gather enough information to create 3D maps, blueprints and construction plans. Before this advancement, these processes would take weeks – now they can be done in one day. This helps to save firms both time and money in the form of labor.
Bank of Baroda May Introduce Blockchain, AI Technology to Increase Business - Crypto-News India
Bank of Baroda, is contemplating integrating blockchain, artificial intelligence (AI), and robotics to increase business. Chief Executive Officer (CEO) Managing Director PS Jayakumar told MoneyControl, "The third-largest public sector lender has laid out a digital roadmap that will remove the need to worry about small balances in bank accounts. The cost of managing these accounts will be offset by the efficiency of opening bank accounts, and the lender would focus on product delivery." Explaining further he added, "We want to be able to anticipate what our customers want in a seamless manner. We have introduced tablets and now open almost 4 lakh accounts every month in 10-12 minutes (per account). This makes the balances in the account less relevant."
13 REASONS WHY your business needs AI - Payjo
Gartner predicts that in 2020, organizations using AI tech will achieve long-term success 4 times more than others. Considering the exponential expansion and influence of AI and its exceptional value, adopting this technology is no longer a choice, but a need, for organizations. "The language of business is revenue, and that is completely tied to pipeline creation and progression," says Paula Parkes, Director Marketing, Asia Pacific, Adobe. Drop-off can be as high as 98% for some businesses, especially financial services, resulting in a meagre 2% conversion. AI tech is being successfully used to engage website visitors or prospects calling a company IVR, quickly provide information that aids their purchase process, guide them in filling forms, collecting info, etc. Organizations have reported huge reductions in lead drop-off along the marketing funnel and significant increase in conversion rates post implementing AI tech.
How can universities compete with tech giants for AI talent?
Nations such as China, Finland, France, the UK and India, plus the European Union, have all released artificial intelligence strategies of sorts over the past year, hoping to ready their economies and societies for a wave of upheaval and opportunity afforded by increasingly smart machines. Researchers and universities are seen as key: announcing France's strategy in March, president Emmanuel Macron earmarked €400 million (£349 million) for AI research. The strategies include a wealth of suggestions – and dilemmas – as policymakers grapple with how best to support research into AI, link it with other disciplines and feed the results through into the economy. Perhaps the most pressing problem for AI research, particularly in Europe, is that universities cannot match the lucrative salaries on offer at tech giants in Silicon Valley. The French approach, set out in a report called For a Meaningful Artificial Intelligence, suggests doubling the salaries of AI graduates who work in public research institutions, otherwise the flow into universities could "dry up completely". Marc Schoenauer, a former president of the French Association for Artificial Intelligence and part of the team that drew up the report, admitted that this was unrealistic.
Cylance, a cybersecurity firm in Irvine, lands $120 million from investors
Cylance, an Irvine-based cybersecurity firm, continues to secure big bucks from investors, this time raising $120 million to fund global expansion, sales and development efforts. Blackstone Tactical Opportunities led the funding round with other investors, according to Cylance's announcement Tuesday, June 19. Cylance uses artificial intelligence to predict cyberattacks on computer networks. Since its debut in 2012, the company has secured millions from investors who believe in the company's algorithmic technology. In 2017, the company reported $100 million in revenue, a first for the startup.
What banking services are needed by rural areas and How fintech tools and technology could enable them ?
Experts believe that technologies like Artificial Intelligence, Blockchain, Internet of things, Cloud Computing, Cloud Robotics, Automation, Biometrics and Quantum Mechanics would change how we tackle our daily chores and services. Let's take a closer look at these advanced technologies that could shape the Fintech Scenario of remote villager's life. Knowing the fact that the unbanked population could also be uneducated and could only converse in the local language, the agent banking has been flourishing. But how about an AI-based app that could help you provide answers to all your banking needs via voice? Simple queries like – What's my savings account balance or Transfer funds to my kid school account would not only help rural people use the banking services but would also make human involvement redundant.