Asia
Meet the Chinese Finance Giant That's Secretly an AI Company
If you get into a car accident in China in the near future, you'll be able to pull out your smartphone, take a photo, and file an insurance claim with an AI system. That system, from Ant Financial, will automatically decide how serious the ding was and process the claim accordingly with an insurer. It shows how the company--which already operates a hugely successful smartphone payments business in China--aims to upend many areas of personal finance using machine learning and AI. The e-commerce giant Alibaba created Ant in 2014 to operate Alipay, a ubiquitous mobile payments service in China. If you have visited the country in recent years, then you have probably seen people paying for meals, taxi rides, and a whole lot more by scanning a code with the Alipay app.
What is quantum computing? A machine learning supercharger businesses can't ignore
Once considered a pie-in-the-sky technology, quantum computing is emerging as a way for enterprises to tackle machine learning (ML), optimization, search and challenges that classic computing models can't touch. CIOs must begin exploring the technology now or risk falling behind rivals, according to Gartner. Quantum machines will process in seconds data that takes years for supercomputers to process. That could be game-changing for enterprises that figure out how to use them to solve significant computing challenges, says Gartner analyst Matthew Brisse. Machine learning may be the perfect use case, as quantum machines will process ML algorithms faster, accelerating enterprises' ability to process information and derive insights, according to Brisse.
Chinese farmers are using AI to track and monitor pigs
A new artificial intelligence (AI) project from tech conglomerate Alibaba could alleviate some of the myriad problems facing Chinese farmers in the pork industry. China is the world's largest producer and consumer of pork, and keeping track of the nation's estimated 700 million animals is notoriously difficult for farmers. They need to pay careful attention to ensure that piglets aren't crushed to death by their mothers, sows aren't bred past their prime, and sick pigs don't pass their illnesses on to the rest of the population. Currently, farmers track pigs by clipping wireless radio frequency identification (RFID) tags to the animals' ears. These can be expensive, and farmers don't always have time to fit each pig with a tag and scan them. They also provide only very basic information about the pigs' locations -- they can't determine anything about the animals' health and wellbeing.
Hi-Tech Robotic to expand global footprint for AI-based driver behaviour sensor
New Delhi, Feb 18 (PTI) Gurugram-based autonomous and driver-assistive systems firm Hi-Tech Robotic Systemz Ltd is looking to expand its global footprint for its artificial intelligence-based driver behaviour sensor technology for ensuring safe driving. The company had introduced its indigenously developed patented technology, Novus Aware, in India in partnership with Daimler India Commercial Vehicles (DICV) at the recently concluded Auto Expo. The technology will be rolled out as standard equipment on DICVs BharatBenz truck range. It is now banking on the global commercial vehicles major Daimler International to extend the partnership to their global operations. Hi-Tech Robotic Systemz is also in talks with large fleet operators in North and South America along with the Middle East to supply the technology in the aftermarket segment.
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Incentives for green tech, artificial intelligence likely in new industrial policy
NEW DELHI: The government is expected to provide incentives for use of frontier technologies like artificial intelligence and robotics in the new โฆ The world is talking about industrial revolution 4.0 that includes artificial intelligence, robotics, deep learning and Internet of Things and incentives and there โฆ
New industrial policy: Incentives for green tech, artificial intelligence likely - ET EnergyWorld
Photo by Kamal Kishore NEW DELHI: The government is expected to provide incentives for use of frontier technologies like artificial intelligence and robotics in the new industrial policy that is likely to be unveiled soon, sources said. Besides, the industries would also be encouraged to adopt green technologies to promote cleaner environment. The proposed policy, the draft of which has been released by the commerce and industry ministry for consultation with various stakeholders, will completely revamp the Industrial Policy of 1991. The world is talking about industrial revolution 4.0 that includes artificial intelligence, robotics, deep learning and Internet of Things and incentives and there is a need to promote adoption of these modern technologies, which are capital intensive, according to government sources. "The ministry is holding consultation with states also on the new policy to see their best practices. It will be released soon," they added.
As China marches forward on AI, the White House is silent
In July, China unveiled a plan to become the world leader in artificial intelligence and create an industry worth $150 billion to its economy by 2030. To technologists working on AI in the United States, the statement, which was 28 pages long in its English translation, was a direct challenge to America's lead in what is considered to be the most important tech research to come along in decades. It outlined the Chinese government's aggressive plan to treat AI like the country's own version of the Apollo 11 lunar mission - an all-in effort that could stoke national pride and spark agenda-setting technology breakthroughs.
Crozet startup CounterFlow AI closes $2.7 million investment round ? Charlottesville Tomorrow
In July, China unveiled a plan to become the world leader in artificial intelligence and create an industry worth $150 billion to its economy by 2030. To technologists working on AI in the United States, the statement, which was 28 pages long in its English translation, was a direct challenge to America's lead in what is considered to be the most important tech research to come along in decades. It outlined the Chinese government's aggressive plan to treat AI like the country's own version of the Apollo 11 lunar mission - an all-in effort that could stoke national pride and spark agenda-setting technology breakthroughs....
How AI can help brands improve engagement
The use of artificial intelligence (AI) in the West is several steps ahead of markets like India, with brands like Amazon taking it to a whole new level by introducing Amazon Go. The store works on the mechanism of a customer scanning a code on the Amazon Go app to enter the store and can pick items off the shelves using AI algorithms. Although not as developed, in India, too, several brands are waking up to the immense potential of AI and its effectiveness in reaching out to consumers. Companies like Myntra are designing fashion lines using its AI platform Rapid. It picks up signals from the sales catalogue and public images from the Web through geolocation to figure out what is trending.