Volkmar Denner, CEO of the Germany-headquartered Bosch Group which supplies technology and services, said that the rise of Artificial Intelligence (AI) is expected to be like any other industrial revolution and will lead to a shift in job qualification profiles. Denner said that AI will have the potential to create high value jobs and added that the Bosch Group was bullish about its Indian operations. "Last year we had set up an AI centre in Bengaluru, and our newly established Connected Mobility Solutions division is active in India too, where it is helping to shape the mobility of the future. We plan to invest an additional Rs 1700 crores in India in the next three years," said Denner. He further remarked that the company has always believed in giving adequate training to its people to develop new skill sets.

BEIJING (Reuters) - Toyota has begun slashing costs, starting with sales and marketing, and shifting resources into research that will help it keep up with new competitors, four people familiar with the matter said. One of the company's first moves was to cancel contracts with the China unit of its long-term communication and advertising agency, Dentsu Inc, the sources said. Chief executive Akio Toyoda and chief financial and risk officer Koji Kobayashi want to follow the example of Tesla, Google and Tencent - all of which rely heavily on cheaper, often more innovative non-traditional marketing. They say the savings should be plowed into investment in emerging technology such as autonomous vehicles. "We may be posting record profits, but we don't think we are keeping up with their pace of investments," one of the sources, a senior Toyota official, told Reuters.

HIROSHIMA – With technology powered by artificial intelligence, high school students are colorizing black and white photos of Hiroshima taken before the atomic bombing of the city in 1945. The 14 students at Hiroshima Jogakuin high school launched the initiative last November, aiming to make the images more vibrant and to revive the memories of survivors so they can better pass on their experiences to the next generation. "We are the last generation who can talk to atomic bomb survivors. We want to treasure conversations generated through the photos and contribute to keeping records of their accounts," said Anju Niwata, 16. The students began the work after learning about AI-based free colorization technology from their collaborator, Hidenori Watanabe, a professor of information design at the graduate school of the University of Tokyo.

J.P. Morgan wouldn't disclose what it spent on this project but has said that 40 percent of its $10.8 billion annual technology budget is devoted to new efforts, including AI, robotic process automation and blockchain. "Based on your behavior each time, it will start to learn what you ask for," Tiede said in an interview. "We think there's a huge opportunity to suggest creative and insightful recommendations to clients. When you log in, it can say, 'Looks like you have sent 100 US dollar wires to Singapore. Do you know you could send a foreign-exchange ACH payment instead? Click here to sign up.'"

According to National Statistical Commission Chairman R.B. Barman, the emerging field of data science using conventional tools, machine learning, and artificial intelligence is a "fertile area of research" for deeper insight on the market microstructure, hidden in voluminous transactional data of customers. He further goes on to say, "The numbers are not known. Only price is an indicator. Today if you want to employ, there are some companies in Bengaluru, I think they pay anything from Rs 20 lakh (per annum) and above." In the course of our journey, we have seen a lot of startups trying to acquire great talent in data science.

Nick Loui had never been asked about neural networks from a man wearing a violet leotard before. But the CEO and founder of CivicFeed didn't bat an eyelid as he thoughtfully answered the question. Given the context -- a panel at Lightning In A Bottle -- the dress code was A-OK. The question was part of a broader discussion that Loui was having with Dr. Nathan Walworth about the ethics of artificial intelligence and how engineers hold responsibility for coding a bias-free world. Using AI for social good is something Loui, a former web-dev and marketer, feels passionately about.

WASHINGTON – A group of Republican and Democratic U.S. lawmakers asked Alphabet Inc.'s Google on Wednesday to reconsider its work with Chinese telecommunications firm Huawei Technologies Co. Ltd., which they described as a security threat. In a letter to Google Chief Executive Sundar Pichai, the lawmakers said Google recently decided not to renew "Project Maven," an artificial intelligence research partnership with the U.S. Department of Defense. "While we regret that Google did not want to continue a long and fruitful tradition of collaboration between the military and technology companies, we are even more disappointed that Google apparently is more willing to support the Chinese Communist Party than the U.S. military," they wrote. The letter was signed by Republican Sens. Tom Cotton and Marco Rubio, Republican Reps. Alphabet did not immediately respond to a request for comment.

Of course, I've had a voice assistant on my phone for years, but we rarely talk; the main exception being those evenings where we might interrogate it for fun. Such play will typically stray from affable tyre-kicking -- "What kind of Pokemon is Squirtle?" A few months ago I finally bought a smart speaker: a dedicated conduit through which the Internet can penetrate my kitchen. I was determined to forge a valuable relationship with the hefty, fabric-wrapped cylinder, and began by immediately changing the "wake word" to something less gendered, dropping a syllable in the process. Enthusiastically, I set about testing it carefully in real scenarios, eager to identify our combined strengths.

Are you ready for R2D2 and C3PO to take over? No, Yes, Maybe or Does not compute? Ready or not, Machine Learning and Artificial Intelligence (AI) are steadily taking over every aspect of routine life including automation in the field of IP. In all aspects of life, the AI revolution is here to help us, even though the solution is removing the human broker from the workflow. Over the last 20 years, Machine Learning and AI have helped to change and shape the IP patent information industry.

Nobody will buy an electric vehicle unless it's loaded with government subsidies and the computer driven car is a solution to a problem that doesn't exist. And yet car makers are spending kerzillions of dollars to provide these vehicles, mainly on the basis that even though they are not sure if anyone will buy one, they can't risk being blindsided one day by a Silicon Valley upstart making something in his basement. I've still not met anyone who would rather rent a vehicle when he needed it rather than own one, even if it was almost immediately available, and despite the fact we all know it makes no sense to spend all that money on a vehicle that Morgan Stanley says will be used just 4% of the time. I've held these views for some time and felt a bit isolated expressing them, but after reading the latest report from AlixPartners, the global consulting firm, the evidence is mounting that victory for electric cars and autonomous ones is not a foregone conclusion.. "The automotive industry faces the possibility of a monumental capital drain in the near term as hundreds of players, including non-traditional ones, are all pouring unprecedented sums into electric and autonomous vehicles years before those technologies are fully cost-competitive in the market, when consumers are questioning the cost and safety of some of the technologies, and just as the market itself is set to continue a cyclical downturn," AlixPartners said. The AlixPartners study finds that by 2023 a whopping $255 billion will be spent globally developing electric vehicles, and that some 207 electric models are set to hit the market by 2022, many of them destined to be unprofitable due to currently-high systems costs, low volumes and intense competition.