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More North Sea firms expected to deploy artificial intelligence - News for the Oil and Gas Sector

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As artificial intelligence (AI) makes a "powerful impact" on other sectors, more North Sea players are expected to deploy digital innovations. Louise Sayers is head of natural resources at advisory firm BDO, whose comments come as Shell announced its commitment to the North Sea yesterday. The energy giant said it hopes to be in the region for another 50 years, as it celebrates five decades of North Sea production. Ms Sayers said this was welcome news, and said now is the time for the North Sea to "grasp digital innovation". She said: "Oil and gas companies were forced to ruthlessly cut costs and sharpen their investment filters to survive the oil price crash in 2014.


The Future of Labor: It's Not All Robots in the Workplace - ReadWrite

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Is the robot revolution arriving sooner -- and with more devastating force -- than you once believed? While much of the automation discussion has surrounded blue-collar careers in manufacturing and transportation, recent studies on the subject see a much wider range of jobs being affected. According to an algorithm developed in 2013 by researchers at Oxford University, 47 percent of U.S. jobs could be automated "in the next decade or two." A more recent multinational study puts 210 million jobs in 32 countries at risk. Now is not the time to panic; now is the time to take action to set your company up for the shifting landscape of work in a way that will protect your business and your most valuable employees.


FiveAI to start a trial of its shared autonomous car fleet in London in 2019

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After raising $35 million to develop driverless car technology and a strategy to build a fleet of shared vehicles, UK startup FiveAI is announcing its first on-street trial: a service aimed at commuters in the London outer boroughs of Bromley and Croydon. Projected to begin in late 2019, it will kick off first with a 10-month "data gathering" exercise, which will see five FiveAI vehicles, with drivers, collect information about road conditions, the movement of pedestrians and various vehicles, and other variables to help train its AI platform. The new trial will be the first on-street effort from the UK startup, which has up to now been testing its technology primarily in Bedfordshire, at automotive testing centre Milbrook Proving Ground, according to Ben Peters, FiveAI's VP of product who is also a co-founder of the company (alongside Stan Boland, Steve Allpress, John Redford and Simon Walker). The news of the London trial comes as TechCrunch has learned that FiveAI is also in the process of raising a new round of funding. While the $35 million FiveAI has raised to date is considered the highest amount of funding for an autonomous car company in Europe, it is a very modest figure when compared to startups in the US and China. Indeed, although transportation across Europe is estimated to be a $400 billion market, Peters estimates that no more than $100 million has been raised by autonomous driving startups in the region, versus around $8 billion by autonomous car startups the US, home to startups like Zoox and Nutonomy (which, like FiveAI, are building platforms that they plan to use in their own fleets), transportation providers like Uber, and car makers (which themselves are acquiring startup talent to kickstart their efforts), and tech giants like Google that approach cars like the next big hardware challenge.


Artificial intelligence in the legal industry: AI's broader role in law - Part 2

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Technology has a place in every industry, and today, 'every company is a technology company'. In the first of this three part series on AI in legal industry, we looked at what the stage of AI adoption in law, and how it is โ€“ if at all โ€“ creating a more strategic role for associates in law firms. The article established โ€“ with the help of Geoffrey Vance, the chair of Perkins Coie's E-Discovery Services and Strategy Practice, and Alvin Lindsay, partner at Hogan Lovells โ€“ that AI adoption was at a fairly early stage, although its use is not a new phenomenon. It also became clear that, as suggested by a report from ALM Intelligence, that AI will be crucial in helping law firms overcome challenges and survive moving forward. The second part of this series will look at AI's broader role within the legal industry, with specific case studies from Perkins Coie and Hogan Lovells.


Red Dead Redemption 2 could be just the video game we need in 2018

The Guardian

After years of promotional material largely consisting of moody western landscape shots and artwork of men on horses, the new gameplay trailer for Red Dead Redemption 2 has finally given us a better idea of what you can actually do in Rockstar Games' death-of-the-old-west America when the game comes out in October. But while there's plenty to get excited about โ€“ I mean, that's definitely Steven Ogg two minutes and 55 seconds in, right? The world is a vastly different place to the one that greeted the first Red Dead Redemption in 2010. Twitter was a fun little diversion in 2010, rather than an open sewer full of Nazis. Donald Trump was just a sideshow clown. The word Brexit didn't even exist.


Science Diction: The Origin Of The Word 'Robot'

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That means it's time for our monthly, well, sort of Science Diction, as we call it. Welcome back to SCIENCE FRIDAY, Howard. Have you got a - what's the word - the good word for today? Prof. MARKEL: Well, the good word today is robot. What is the origin of the word robot?


South Korea's 'Hyundai Town' faces grim future with idled shipyard, rise in suicides

The Japan Times

ULSAN, SOUTH KOREA โ€“ When Lee Dong-hee came to Ulsan to work for Hyundai Heavy Industries five years ago, shipyards in the city known as Hyundai Town operated day and night and workers could make triple South Korea's annual average salary. But the 52-year-old was laid off in January, joining some 27,000 workers and subcontractors who lost their jobs at Hyundai Heavy between 2015 and 2017 as ship orders plunged. To support their family, Lee's wife took a minimum wage job at a Hyundai Motor supplier. His 20-year-old daughter, who entered a Hyundai Heavy-affiliated university hoping to land a job in Ulsan, is now looking for work elsewhere. The Lee family's fortunes mirror the decline of Ulsan, which is now reeling from Chinese competition, rising labor costs and its overreliance on Hyundai -- one of the giant, family-run conglomerates, known as chaebol, that dominate South Korea.


Google DeepMind's AI can now detect over 50 sight-threatening eye conditions

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Tech industry insiders regularly herald AI as the solution to all of our problems, included those posed by health care. London-based DeepMind, owned by Google's parent company, Alphabet, focuses heavily on the specifics of using artificial intelligence in health care, and on Monday it released a study showing the progress it's made in using AI to diagnose eye conditions. Published in the science journal Nature, the study reports that DeepMind, in partnership with Moorfields Eye Hospital in London, has trained its algorithms to detect over 50 sight-threatening conditions to the same accuracy as expert clinicians. In a project that began two years ago, DeepMind trained its machine learning algorithms using thousands of historic and fully anonymized eye scans to identify diseases that could lead to sight loss. According to the study, the system can now do so with 94 percent accuracy, and the hope is that it could eventually be used to transform how eye exams are conducted around the world.


Artificial Intelligence & The Coming Global Empire

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A series of recent news stories have highlighted the massive advances made in the field of artificial intelligence (AI). Yitu created a technology called Dragonfly. Dragonfly can search and analyze billions of photographs and locate a single person in a matter of seconds. Connected to cameras in the Shanghai Metro, it identified over 500 criminals in a three month period. It's so powerful it can recognize people wearing disguises.


Silicon Valley gets queasy about Chinese money

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BUYER'S remorse is often experienced in Silicon Valley by investors who plough money into risky startups only to see them fail. Some technology entrepreneurs are now suffering from seller's remorse. They are those whose young companies have grown big in part thanks to Chinese financial backing, but now feel under scrutiny because of an escalating fight between the two tech superpowers. One entrepreneur who took money from Danhua Capital, a Chinese venture-capital firm based near Stanford University, for example, only recently learned that the firm was established with help and funding from China's government. If there are issues down the line you may not know who you're dealing with," he laments. Upgrade your inbox and get our Daily Dispatch and Editor's Picks. In coming days President Donald Trump is expected to sign into effect the Foreign Investment Risk Review Modernisation Act (FIRRMA), which establishes more vigilant reviews of foreign investments into American companies, ...