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.
EU plans to protect citizens' privacy online amid threats of a crackdown by Theresa May
The European Parliament wants to guarantee EU citizens' digital privacy by making end-to-end encryption compulsory for electronic communications. It has also proposed a ban on so-called security "backdoors", which would enable government agencies to access private conversations whenever they wanted to. The proposals are completely at odds with Theresa May's highly controversial plans to crack down on tech companies and our use of the internet. The Prime Minister claims the web provides terrorists with "safe spaces", and wants to introduce a number of strict rules that would restrict the types of content users could access and post. In the aftermath of the Finsbury Park Mosque terror attack, she said her rules would also ensure "that police and security services have the powers they need".
Gravity4 Unveils Mona Lisa, a New A.I. Digital Assistant for Digital Marketing.
Gravity4 is the world's first high-frequency machine-learning marketing OS, built to enhance the advertising and SaaS industries. It collates customer experience so marketers can target a customer throughout the entire purchase journey and across all consumer touch-points, regardless of delivery channel. Its proprietary AI technology, Mona Lisa, builds a consumer persona by aggregating data across channels. The platform's fluid and constant in-stream of data is sorted into a semantic graph to form connection clusters, using the correlation variables. All through a single click, it empowers agencies and marketers to allow connected software to optimize a manually driven $200 billion global advertising market. The company's headquarters are in Miami, but it has offices in Sydney, Stockholm, Oslo, Auckland, Madrid, Singapore, Copenhagen, London, Dublin, Amsterdam, Helsinki, Hong Kong, Shanghai, Kuala Lumpur, Christchurch, Taipei and India.
THE AI WILL SEE YOU NOW – Tech Stories That Matter – Medium
Last week, a Chinese AI powered by 11 servers, which engineers had worked on for three years, lagged behind many high schoolers in China who recently took the college entrance exam. It did OK, though, scoring a 105 -- just above the passing grade of 90. Perhaps "lagged behind" was a poor choice of words. The AI was wicked fast: "It took only 22 minutes for the first test, and 10 minutes for the second -- far ahead of the two-hour allotted time," Mashable reported. All the big platforms -- Google, Apple, Amazon, Facebook, Microsoft, Samsung -- have been massively investing in AI, which received a lot of attention during Google's and Apple's recent press conferences.
Exclusive: Singapore's plans for predictive transport GovInsider
"What is actually driving our economy is the transport network," says Huang Shao Fei, Director of Innovation and Smart Mobility at Singapore's Land Transport Authority (LTA). Reliable transport is crucial for Singapore's success as a trade and logistics hub, while millions of commuters trust that it will get them to the office every morning. "If we get into a gridlock like what you see in Indonesia and Thailand, we are done for," Huang believes. "We will no longer be the transport hub." "That's why we have to take bold steps," Huang adds. Below, he tells GovInsider how the island state is exploring plans to predict train disruptions; make every vehicle a traffic sensor; and ways to use artificial intelligence to secure all this infrastructure.
Millennials: Studies Say Your Work Future Is Not Looking Too Bright
Millennials now make up the largest generation in the U.S. workforce, outnumbering employees from the Generation X and baby boomer generations. And with the Artificial Intelligence (AI) revolution coming into full swing, the "future of work" is looking gloomy for Millennials. In Carl Frey and Michael Osborne's "The Future of Employment: How Susceptible Are Jobs to Computerisation? study, they analyzed the number of jobs at risk to technology, and according to their estimates, about 47 percent of total U.S. employment is in the high-risk category of being replaced by automation such as that produced by robots. A McKinsey & Company report states that "half of today's work activities could be automated by 2055, but this could happen up to 20 years earlier or later depending on various factors, in addition to other economic conditions." The report says they are most prevalent in manufacturing, accommodation and food service, and retail trade, and include some middle-skill jobs. So what generation is most at risk? Gallup conducted their own research using Frey and Osborne's calculations, determining each generation's susceptibility to losing jobs to AI. According to Gallup's analysis, "millennials are the generation most vulnerable to the threat of AI and automation, as they are disproportionately more likely to hold positions that Frey and Osborne estimate as having a strong likelihood to one day be replaced by this new technology." Should millennials start panicking now? Well, that depends on your current occupation. Nearly four in 10 millennials (37 percent) are at high risk of having their job replaced by automation, compared with 32 percent of those in the two older generations, stated the Gallup report. Career analysts say that the work millennials do early in their careers are easier to replace because they haven't accumulated the job skills of older, more experienced workers who do more complex work requiring problem solving. In other words, at the risk of offending millennials, the work many of them do are simple enough for AI or automation to take over. But really, no millennials -- whatever their jobs -- are safe from AI. Jason Dorsey, Chief Strategy Officer at The Center for Generational Kinetics, and a millennials expert, tells Forbes, "[T]he jobs at risk of being replaced by AI are not just the entry-level jobs that people typically assume, but rather the repetitive white collar jobs such as in accounting and financial services.
Masked Julie fish can tell individual faces apart
The ability to recognise faces was thought to be too complex for a fish, but a new study suggests that this might not be the case. Scientists have found that the tiny striped Masked Julie, which lives among the rocks of Lake Tanganyika in East Africa, can distinguish a friend from a foe. The species detects patterns around the eyes to distinguish individual faces, a skill thought to be limited to mammals and birds. Scientists have found that the tiny striped Masked Julie (pictured) can distinguish a friend from a foe by detecting unfamiliar patterns around the eyes. Eight adult male Masked Julie fish were placed them in a tank by researchers at Osaka City University.
Facebook is sharing users' WhatsApp and Instagram data to catch terrorists
Facebook has revealed it is sharing Instagram and WhatsApp users' data. The company has published a blog post detailing some of the ways in which it plans to keep content related to terrorism off the site. However, one of the tactics is likely to prove highly controversial. Facebook says one of its current focuses is "cross-platform collaboration", where it also collects and analyses users' data from Instagram and WhatsApp – two extremely popular services that are owned by Facebook. 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.
In China, a robot has started delivering packages to people
China's second-biggest e-commerce company after Alibaba, sent robots to deliver items for the first time yesterday (June 18), on the last day of a two-week-long shopping bonanza that recorded sales of around $17.6 billion, according to a spokesman with the company. Designed by JD, the white, four-wheeled droid can carry five packages at once and travel 20 km (12.4 miles) if fully charged. It can climb up a 25-degree incline (link in Chinese), and find the shortest route from warehouse to destination. Once it reaches its destination, the robot sends a text message to notify the recipient of the delivery. Users can accept the delivery through face-recognition technology or by using a code, according to China's state broadcaster CCTV.
Kodi: TVAddons library mysteriously shuts down with no warning to users
TVAddons, widely considered the number one library for Kodi add-ons, has mysteriously gone offline. The site shut down last week, without explanation, and hasn't returned. Its Facebook page has also disappeared. TVAddons hosted Exodus, and there are fears that it could stop working in the future. 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.