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Chinese search giant Baidu creates an open-source A.I. for detecting cancer

#artificialintelligence

Baidu, the Chinese search giant, is sometimes hailed as China's Google. And just like Google, it has a bunch of innovative side projects which go way beyond straightforward search. We recently covered Baidu's amazing handheld universal translator. Now the company has announced its latest feat: Using artificial intelligence algorithms to help pathologists better diagnose cancer. The company has developed an A.I. that is capable of analyzing slides containing biopsied tissue.


Artificial intelligence will make no job safe. We must provide for everyone's needs, regardless of employment

Los Angeles Times

The power of artificial intelligence is such that very few jobs will be safe. The truth is that automation is currently being driven less by a desire to make people's lives easier or better than by a desire to cut labor costs. This is a problem as long as people still need money to live and still need to work to get money.


SoftBank vows to bolster startup investment through its Vision Fund at shareholders meeting

The Japan Times

SoftBank Group Corp. CEO Masayoshi Son said Wednesday that the company will bolster its investment business in a shift in the telecommunications giant's growth strategy. "I have used 97 percent of my brain to consider the telecom businesses, but will shift that to investments," Son said at a meeting with more than 2,300 shareholders in Tokyo. Son, one of most influential investors in the technology industry, said his company will strengthen its focus on investments in startup ventures possessing artificial intelligence and other cutting-edge technologies through its $100 billion Vision Fund, which was set up last year with partners such as Saudi Arabia's sovereign wealth fund. "We are the unicorn hunter," Son said, referring to unlisted startups valued at more than $1 billion. Among its recent investment projects, SoftBank has taken a stake in ride-hailing service provider Uber Technologies Inc. and has also bought U.S.-based robotics company Boston Dynamics.


EU committee approves new rules that could 'destroy the internet as we know it'

The Independent - Tech

The two controversial new rules – known as Article 11 and Article 13 – introduce wide-ranging new changes to the way the web works. Article 13 has been criticised by campaigners who claim that it could force internet companies to "ban memes". The I.F.O. is fuelled by eight electric engines, which is able to push the flying object to an estimated top speed of about 120mph. The giant human-like robot bears a striking resemblance to the military robots starring in the movie'Avatar' and is claimed as a world first by its creators from a South Korean robotic company Waseda University's saxophonist robot WAS-5, developed by professor Atsuo Takanishi and Kaptain Rock playing one string light saber guitar perform jam session A man looks at an exhibit entitled'Mimus' a giant industrial robot which has been reprogrammed to interact with humans during a photocall at the new Design Museum in South Kensington, London Electrification Guru Dr. Wolfgang Ziebart talks about the electric Jaguar I-PACE concept SUV before it was unveiled before the Los Angeles Auto Show in Los Angeles, California, U.S The Jaguar I-PACE Concept car is the start of a new era for Jaguar. Japan's On-Art Corp's CEO Kazuya Kanemaru poses with his company's eight metre tall dinosaur-shaped mechanical suit robot'TRX03' and other robots during a demonstration in Tokyo, Japan Japan's On-Art Corp's eight metre tall dinosaur-shaped mechanical suit robot'TRX03' performs during its unveiling in Tokyo, Japan Singulato Motors co-founder and CEO Shen Haiyin poses in his company's concept car Tigercar P0 at a workshop in Beijing, China A picture shows Singulato Motors' concept car Tigercar P0 at a workshop in Beijing, China Connected company president Shigeki Tomoyama addresses a press briefing as he elaborates on Toyota's "connected strategy" in Tokyo.


FCA's Cook hopes to embrace machine learning

#artificialintelligence

On the sidelines of Money20/20, held in Amsterdam this week, bobsguide caught up with Nick Cook, head of regtech and advanced analytics at the UK's Financial Conduct Authority (FCA). All of the external facing regtech sits under my department. Internally, I'm leading our more advanced analytics, both the technology side - cloud analytics - as well as building out our human side - our data science capability. Over time, through training and development we can start to build it out and expand in an osmotic fashion across the wider organisation - effectively enabling us to leverage machine learning. We're also running sandboxes and hackathons to develop and encourage the regtech contingent of the UK startup market.


Companies involved in AI or ML

#artificialintelligence

AppZen – uses artificial intelligence to automate expense report audit. ArgyleData – is a software maker that uses big data and machine learning to detect and stop fraud for telcom companies. Also see FraudTechWire.com Attrasoft – Provider of a number of neural network based products for image and sound recognition/retrieval, trend prediction and data mining. Acquired Intelligence Inc – Creators of the ACQUIRE line of administration, operations and customer support products in stand-alone or web-based applications. Includes profile, demo downloads, and job openings.


Samsung launches new AI fund, NEXT Q

#artificialintelligence

Samsung has launched a new fund focusing on AI technology and startups, the South Korean tech giant announced this week. The fund will be called the NEXT Q Fund and will provide capital to startups "solving AI" and "solving computer problems with AI. Samsung Next has stated: "The more esoteric, exotic and eccentric the approach, the better the fit." Blackstone closes fist Asian private equity fund at $2.3bn An amount for the fund has yet to be disclosed but it will invest from Samsung's $150mn US Next Fund, which focuses on "early state companies in emerging tech verticals", according to TechCrunch. In a statement, Vincent Tang of Samsung Next Venture said: "For the past 10 years, we've watched software eat the world.


IIT-BHU signs MoU with Amazon Internet Services

#artificialintelligence

The Indian Institute of Technology – Banaras Hindu University (IIT-BHU) and Amazon Internet Services have signed a Memorandum of Understanding (MoU) to develop cloud-ready job skills by providing access to the Amazon Web Services (AWS) Educate program, and to help establish an Artificial Intelligence (AI) and Machine Learning (ML) Cloud Research Lab. The Cloud Research Lab will provide students with opportunities to use AWS Cloud technology to pursue research initiatives that focus on AI and ML innovation for India. Under the MoU agreement, IIT-BHU gains access to the resources in the Amazon Web Services (AWS) Educate program and curriculum designed for higher education institutions to incorporate in to their courses. This collaboration will help accelerate cloud-related technical expertise for students and boost their readiness as they prepare to undertake the industry-recognized certification. "As Chairman of the Committee on Leveraging AI for National Missions in Key Sectors, I am acutely aware of the critical need to develop a proficient and robust talent base in the country in core areas such as cloud computing, artificial intelligence, and machine learning applied to problems in various sectors. As IITs are the premier engineering institutes in India, we have an obligation to ensure that our brightest and the most talented students in the country have easy access to best-in-class technology," said Professor Rajeev Sangal, Director, IIT-BHU.


How LinkedIn uses Artificial Intelligence to keep NSFW content out FactorDaily

#artificialintelligence

When you post something on LinkedIn, chances are that an algorithm made by Rushi Bhatt's team in Bengaluru has checked if it's kosher to be on the professional network. It sounds easy but consider the complexity: LinkedIn has over 560 million members, 20 million companies, millions of job postings and it works in 24 different languages. If all its millions of users seamlessly post on the platform every day, it is because LinkedIn's algorithms, with a lot of help from humans, green-light them before the user can blink an eye. "We have to walk this fine line between freedom of expression and not letting poor content live on the site. That makes it really complicated for everybody, including humans," says Bhatt, an alum of Amazon and Yahoo with a Ph.D. in cognitive and neural systems from Boston University and degrees from the Tata Institute of Fundamental Research and what is today NIT, Surat. At its worst, a poor newsfeed can drive away users. On the other hand, a good one can keep you hooked on a platform for hours. At LinkedIn, it is the job of the "Feed AI" team to maintain fidelity. Bhatt's job is to literally keep the NSFW stuff away. It's a problem almost all major platforms with user-generated content – be it Youtube or Twitter – struggle with.


Free From Legacy Baggage, Asian Insurtech Firms Are Reimagining The Insurance Industry

Forbes - Tech

Insurance is one of the oldest modern industries. Most policies sold today are still based on concepts of coverage and pricing invented centuries ago, by early insurance companies in England and continental Europe. Now the industry is being re-invented--and much of the action can be found among new insurtech companies in China and Southeast Asia. Insurtech is the use of digital technology to cut costs and enhance processes for both new and existing types of insurance. A recent Forbes Tech Council report summed up its potential: "Imagine getting a policy that is custom-tailored to your exact needs, lets you start and stop coverage on demand, makes you pay only for the coverage you use, and can be underwritten within seconds on your smartphone." That vision is fast becoming reality.