Having been unleashed with a series of angry Trump tweets, the outpouring of carmarker investments in the US has turned into a veritable torrent, and just hours after GM announced it would invest $1 billion in new US factories, adding 1,000 jobs, Korea's Hyundai Motor Group said it also plans to lift U.S. investment by 50% to $3.1 billion over five years and may build a new plant there. It has become the latest auto firm to announce fresh spending following Ford, Fiat, Toyota and GM, after President-elect Donald Trump threatened to tax imports. As a reminder, Trump has repeatedly warned of a 35% tax on vehicles imported from Mexico, where many automakers have taken advantage of the country's lower labor costs. Toyota Motor, Ford, and Fiat Chrysler have all recently unveiled new U.S. investment plans, while over the weekend German automakers were the latest to come under fire from Trump, provoking a blistering response from Angela Merkel. According to Reuters, Hyundai Motor and Kia Motors which make up the Hyundai Motor Group have not been directly criticized by Trump but they may have felt vulnerable because among major brands, they have one of the lowest ratios of cars built in the United States to cars sold.

Here are some story lines I don't want you to miss today. Orson Welles called Los Angeles "a bright and guilty place." No wonder developer money and L.A. politics have long gone hand in hand. Though some lawmakers insist the donations don't influence whether big projects get approved, a new group of City Hall hopefuls is trying to make hay by saying they won't accept developers' cash -- and they're pointing in part to an L.A. Times investigation over questionable donations connected to one project. Speaking of the fight over development … L.A. is experiencing its biggest building boom since the Roaring '20s and is reshaping its public transit system.

Apple is pushing up the price of apps by 25 per cent to make up for the plunging value of the pound. The prices are now the same as they are in dollars. The change is thought to be a response to the pound's loss of value since Brexit. The June referendum and the policy statements that followed have pushed the pound to historic lows and seem to have forced Apple to adjust, since it does its accounting in US dollars. 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.

Amid a mounting tide of concerns over the implications of AI (artificial intelligence) on society, a new fund backed by well-known tech industry figures along with Harvard and MIT has been formed. The Ethics and Governance of Artificial Intelligence fund will start out with $27 million to fund work that "advances the development of ethical AI in the public interest." Machine learning, task automation and robotics are already widely used in business. These and other AI technologies are about to multiply, and we look at how organizations can best take advantage of them. EBay founder Pierre Omidyar's charitable foundation Omidyar Network, LinkedIn founder Reid Hoffman, the Knight Foundation and others are contributors to the fund.

Why are there so many sketchy ads for fake goods on Instagram? Why have e-waste levels jumped? And why is LG boasting that its next phone won't burst into flames? Why do Instagram and Twitter want me to buy fake Yeezys? Both Facebook and Twitter are part of the Ads Integrity Alliance and have policies in place to keep out sketchy advertisers, but that's clearly not keeping some from slipping through the cracks.

More so than in any other year in recent history, events in 2017 promise to put business executives under intense pressure, as new political forces, restructured trading coalitions, and more aggressive central bankers and regulators exert their influence on companies and markets worldwide. Advances in digital technology and business models will also continue to shift the balance of global economic power, putting more pressure on CIOs to stay ahead of existing and emerging competitors. The many tools at the disposal of CIOs include cloud computing, predictive analytics, mobile applications, machine learning, and robotics, feeding broader movements such as the Internet of Things and Industry 4.0. The business opportunities are considerable: lower costs; more precise supply chains; more dynamic, reliable, and personalized products and marketing campaigns; more attentive customer service; and ultimately more abundant, loyal customers. In the next five years, CIOs expect their companies' digital revenues to grow from 16% to 37%, according to Gartner's recent CIO Agenda survey of 2,944 CIOs in 84 countries. Public-sector CIOs predict that 77% of their processes will be digitized, up from 42% today. Massive changes are ahead, and they're happening faster than ever before.

The Beijing-based company said Qi Lu was named group president and chief operating officer in charge of products, technology and sales. Qi, who has a Ph.D. from Carnegie Mellon University, previously was Microsoft Corp.'s global executive vice president.

NEW DELHI: Artificial intelligence (AI) will play fundamental role in the success of an organisation's strategy but stringent ethical standards are also needed to ensure the success of the new technology, a report by Infosys today said. The report said organisations that have already deployed or have plans to deploy AI technologies expect to see a 39 per cent increase on an average in their revenues by 2020, alongside a 37 per cent reduction in costs. Also, companies in India and China are much more likely to state that they are ahead of industry competitors when it comes to AI use, followed by Germany, the US, the UK, France, it added. About 76 per cent respondents cited AI as fundamental to the success of their organisation's strategy, and 64 per cent said future growth of the company is dependent on large-scale AI adoption. The report also highlighted the ethical and job related concerns with 62 per cent respondents saying stringent ethical standards are needed to ensure the success of AI. "However, most respondents seem optimistic about redeploying displaced employees with higher value work. The majority, 85 per cent, plan to train employees about the benefits and use of AI," the report said.

The year of AI has well and truly begun, it seems. An insurance company in Japan announced that it will lay off more than 30 employees and replace them with an artificial intelligence system. The technology will be based on IBM's (ibm) Watson Explorer, which is described as having "cognitive technology that can think like a human," reports the Guardian. Japan's Fukoku Mutual Life Insurance said the new system will take over from its human counterparts by calculating policy payouts. The company said it hopes the AI will be 30% more productive and aims to see investment costs recouped within two years.

We are using cookies to give you the best experience on our site. By continuing to use our site, you are agreeing to our use of cookies. ASEAN is 50, and it's come a long way. Here's why you should care Four things you should know about, from one of the region's most successful entrepreneurs Women worldwide are missing out. What lessons can we learn from the first wave of AI? Read our reports on the broad range of global issues we're seeking to address