Indian President Ram Nath Kovind, speaking at the 17th convocation of the Shri Lal Bahadur Shastri Rashtriya Sanskrit Vidyapeetha, said the ancient language of Sanskrit was the most suitable language for writing algorithms and developing artificial intelligence. Why it matters: President Kovind was addressing a crowd of academics and specifically talking about Sanskrit's usefulness. He spoke about the rich history of Sanskrit as an ancient language used for early Indian mathematics and science. Many scholars believe that the grammar of Sanskrit, which is rule-bound, formula-bound and logical, is the most appropriate to write algorithms, or to be used in machine learning and even artificial intelligence. Reading between the lines: Keeping the venue in mind, the President's words were meant to inspire and celebrate, not spark controversy over which language is'best' for machine learning.

Greenland Holdings Corp., China's fourth-biggest real estate contractor by property sales, has invested CNY300 million (USD47 million) in DeepBlue Technology Co. the artificial intelligence (AI) retail tech firm backed by Alibaba Group Holding Ltd. founder Jack Ma. The pair will set up two new units for the development of robots and AI furnishings, the Shanghai-based property firm said. DeepBlue Architectural Technology Ltd. will explore Internet of Things and AI applications for buildings and furniture, while Greenland DeepBlue Robot Technology Ltd. will make automation solutions for logistics, healthcare, and education. DeepBlue Technology, backed by Jack Ma's private equity fund Yunfeng Capital, offers its AI services for unmanned Quixmart store, which allow customers to enter using facial recognition. The company offers its services to retailers for free, but under one condition that it has access to the data collected, which is then used for making improvements.

SOMETIMES disruption is at your doorstep and obvious - an analytics-enabled new business model threatening your business. More often than not, you have to look out for the signposts pointing to an "analytic disruptor" headed your way. While predictions of this sort are never certain, three common patterns of disruption have emerged. They include 1) a radical lowering of cost; 2) a big jump forward in customer experience; and 3) new business models combining services, technologies and data in unexpected ways. These are worth a closer look.

The times they are a-changin': in 2016, widescale commercial application of artificial intelligence was still a faraway high-tech dream. The ChinaBang Awards did not even have a specialized category for this technology. In the same year, ChinaBang gave out awards to three best AI products, giving a glimpse of the potential that was about to unravel. Here are the five winners of the 7th ChinaBang Awards in the category of Best AI. SenseTime is the most valuable artificial intelligence startup in the world.

Apache Thrift The Thrift stack is a common class hierarchy implemented in each language that abstracts out the tricky details of protocol encoding and network communication 26. Chukwa A data collection system for monitoring large distributed systems; Provides flexible/powerful toolkit to display, monitor, and analyze results; Architecture: Agents - run on each machine and emit data; Collectors - receive data from the agent and write it to stable storage; MapReduce jobs - parsing and archiving the data; Hadoop Infrastructure Care Center - a web-portal style interface.

The Conference Series Team is organizing an international conference on Machine Learning which is themed as "Machine Learning: Discovering the New Era of Intelligence". The conference aims to expand it's coverage in the areas of Machine Learning and Deep Learning where in the experts from the industry will be giving presentations on the subject. World Machine Learning and Deep Learning Congress is bringing the most innovative minds, experts,practitioners, and thinkers to inspire and present to the delegates new innovative ways to work and innovate through their data. Machine Learning is a process of teaching the intelligent computers as to hot to perform and carry out complex tasks that cannot be easily described or processed by humans.It is a combination of Mathematical Optimization and statistics. On the other hand, Deep Learning forms a part of Machine Learning that focuses even more narrowly like neuron to solve any problem.

WIRE)--NEC Corporation (NEC; TOKYO: 6701) today announced the establishment of dotData, Inc., a new startup company based in Cupertino, California, in the heart of Silicon Valley, that develops and globally provides software that automates data science processes using artificial intelligence (AI). NEC will obtain an exclusive license from dotData to provide this software across Japan and will start to provide the software in the first half of FY2018. "NEC is now accelerating the monetization of its competitive technologies by creating diverse alliances as part of the'strengthening of business development capabilities' in the'restructuring of execution capabilities' that are outlined in the Mid-term Management Plan 2020 that NEC announced in January 2018," said Osamu Fujikawa, senior vice president, NEC Corporation. "The establishment of dotData is the first implementation of such reinforcements and a unique strategic carve-out scheme from NEC in which a leader in core technology becomes a founder of the new company and helps accelerate its monetization as a start-up company. Going forward, NEC will continue to promote innovative measures that strengthen our business development capabilities."

U.S. tech giants, European telecoms firms, Japanese venture capital and the U.K. government has put together a 1 billion-pound ($1.4 billion) investment into the U.K. artificial intelligence industry, as governments weigh how to compete with China. The deal comprises a total of 300 million pounds of private financing, 300 million pounds of new government spending in addition to 400 million pounds the state has already announced. "Artificial intelligence provides limitless opportunities to develop new, efficient and accessible products and services," Business Secretary Greg Clark said in an emailed statement Thursday. In prioritizing AI, Britain joins several other nations that see the emerging technology as central to their future place in the world, such as China, which last year set a goal of becoming the world leader in AI by 2030. Antony Phillipson, the U.K. Trade Commissioner for North America and Consul General in New York, said in an interview ahead of the announcement that the U.K. could not compete with China in terms of total funding or scale of some government-run AI projects.

Ransomware and distributed denial of service (DDoS) attacks have been on the rise, with 232 attacks through January 2018 compared with 106 through January 2017, said the professional services firm's 2018 State of Cyber Resilience study, which investigated focused attacks defined as having the potential to both penetrate network defences and cause damage, or extract high-value assets and processes from within organisations. Some 4,600 enterprise security practitioners representing companies with annual revenues of $1 billion or more in 15 countries were surveyed across the Americas, Europe and Asia-Pacific. Despite the increased pressure of the attacks, organisations are upping their game and preventing 87% of these focused attacks, compared to 70% a year ago. However, with 13% of focused attacks still penetrating defences, organisations are still facing an average of 30 successful security breaches per year. In addition, only two out of five organisations are currently investing in technologies like machine learning, AI and automation, indicating there is even more progress to be made by increasing investment in cyber resilient innovations and solutions.

LONDON (Reuters) - Britain announced on Thursday a 1 billion pound ($1.4 billion) joint investment in the artificial intelligence (AI) industry to capitalize on what the government sees as a competitive advantage in the sector as it prepares for life after Brexit. The deal is the latest in a series of targeted public-private investment pacts in the government's industrial strategy that aims to modernize Britain's economy and address decades of regional and industrial decline. "It's evident that Britain is a place that people want to come to for AI," business minister Greg Clark told Reuters during a visit to a facility in London that nurtures early-stage tech businesses from across the world. "We have a position of strength that we want to capitalize on because if we don't build on it the other countries around the world would steal a march." Governments worldwide are plowing cash AI to keep up with international rivals and seeking to harness its power to transform industries from transport to agriculture.