Europe
Kensho Nabs $500 Million Valuation In Round From S&P Global And Wall Street's Six Biggest Banks
When the United Kingdom voted to leave the European Union in June, ultimately tanking the British pound, traders with access to Cambridge, Massachusetts-based artificial intelligence platform Kensho had a special advantage. With a few keystrokes on Kensho's AI-powered platform, traders quickly combed through an intelligence-grade database of information and in seconds learned that populist votes such as Brexit historically led to an extended drop in the local currency, washing out any short-term recovery. That's exactly what happened in the days and months after Brexit. The pound plunged to three-decade lows in July, sinking to $1.28 versus the dollar, before rallying slightly to $1.33. The currency has been in a slump since then and currently sits at $1.24.
Coca-Cola Wants to Use AI Bots to Create Its Ads
BARCELONA, SPAIN--Coca-Cola is one of the most beloved brands in the world and is known for creating some of the best work in the advertising industry. But can an AI bot replace a creative? Mariano Bosaz, the brand's global senior digital director, wants to find out. Speaking to Adweek at Mobile World Congress on Tuesday, Bosaz said that he's partly in Barcelona this week to get a better feel for how brands can use artificial intelligence because he's interested in swapping in robots for humans that crank out ads. "Content creation is something that we have been doing for a very long time--we brief creative agencies and then they come up with stories that they audio visualize and then we have 30 seconds or maybe longer," Bosaz said. "In content, what I want to start experimenting with is automated narratives."
Google's 'Home' smart speaker comes to the UK this year
Google has revealed its Amazon Echo-rivalling smart speaker, Google Home, will come to the UK later this year. The technology giant launched the voice-activated device in the US last October but is yet to extend its release outside of the country. However, the company has now confirmed Home will go on sale in the UK during the'second quarter' of this year, meaning it will be released before the end of June. Google Home (pictured) will go on sale in the UK by the end of June of this year. 'We're in the Home stretch; Google Home is coming to the UK soon, stay tuned for more,' the tech firm said in a tweet.
Dyson shrugs off Brexit fears with massive UK expansion plan
Dyson, the technology company, is to undergo a dramatic expansion in the UK by opening a new 210 hectare (517 acre) campus as part of a £2.5bn investment that will support its development of new battery technologies and robotics. The company, led by the billionaire inventor Sir James Dyson, will increase its UK geographical footprint tenfold by developing the campus on a former Ministry of Defence airfield and intends to at least double its workforce of 3,500 over the next few years. The new facility in Hullavington, Wiltshire is part of a £2.5bn investment by Dyson in new technologies and will focus on research and development. The size of the campus and the company's work on batteries, robotics and artificial intelligence will increase speculation that Dyson is developing a driverless electric car. Theresa May said said: "This investment is a vote of confidence in our modern industrial strategy and our determination to cement the UK's position as a world leader in high-tech engineering. "Dyson's exporting strength and commitment to creating jobs in Britain is a real success story that demonstrates the opportunity that our plan to create a truly global Britain can present." The expansion plan is a boost for the government amid growing speculation about the future of other key industrial facilities. BMW is considering building its new electric Minis in Germany rather than its factory at Oxford. There are also concerns that jobs could be lost at Vauxhall's factories in Ellesmere Port and Luton if PSA Group, the owner of Peugeot, completes a deal to buy parent company General Motors' European business. Dyson was one of the most prominent business leaders to publicly support Brexit before the referendum in June. His company has developed from a business specialising in bagless vacuum cleaners into a fast-growing multinational technology company selling bladeless fans, air purifiers, hand-dryers, hairdryers and robotic vacuum cleaners. Dyson said he did not understand claims that the UK is suffering from economic uncertainty and that the prospect of the country leaving the EU had not dissuaded him from investing. "We have got the opportunity to export globally – Europe is only 15% of global trade and declining.
15 AI and Machine Learning Events [Be There Or Be Square] Botunity
Conferences, workshops and other meetings provide opportunities to learn where the jobs and technology is headed and a chance to learn and practice the skills necessary to keep up. Why you should attend: The focus of this Summit is "the rise of intelligent machines to make sense of data." "Deep-dive workshops" will give attendees the opportunity to explore specific topics, from natural language processing to pattern recognition. Speakers include development engineers and scientists from top Bay Area companies such as Flickr, Airbnb and Pandora. Why you should attend: The MLconf, which began as a partnership with Carnegie Mellon University's GraphLab, focuses on solutions to organizing and analyzing large, noisy data sets.
The rise of the useless class
The most important question in 21st-century economics may well be: What should we do with all the superfluous people, once we have highly intelligent non-conscious algorithms that can do almost everything better than humans? This is not an entirely new question. People have long feared that mechanization might cause mass unemployment. This never happened, because as old professions became obsolete, new professions evolved, and there was always something humans could do better than machines. Yet this is not a law of nature, and nothing guarantees it will continue to be like that in the future.
Internet down: Many of the world's biggest websites stop working after Amazon Web Services cloud breaks
Many of the world's biggest websites have stopped working because of a problem at Amazon. Amazon Web Services (AWS), the division of the retail giant that provides the infrastructure for much of the internet, appears to have broken. That means that all of the companies and websites that rely on its services – many of the world's biggest websites, like Imgur and Medium, as well as professional tools like SoundCloud and Trello – have stopped working at the same time. Amazon says that the S3 service hasn't broken but is just experiencing a higher "error rate" than usual. But the problems mean that the websites that rely on its services can't get online all the same. 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.
Technology Tuesday: February 28
Every week The Job Shop Blog will bring you our 5 top science and technology news stories from around the web. This week: NASA Found a solar system with 7 Earth-like planets, SpaceX is launching tourists to the moon, computers that can code themselves, AIs are helping to save lives, and robot teachers could be commonplace by 2030. Scientists working with telescopes at the European Southern Observatory and NASA announced a remarkable new discovery: An entire system of Earth-sized planets. If that's not enough, the team asserts that the density measurements of the planets indicates that the six innermost are Earth-like rocky worlds. Three of the planets lie in the star's habitable zone.
Machine Learning Through Google Tag Manager
This article was contributed by Mark Edmondson and Peter Meyer, both from IIH Nordic, specialists in online marketing and web communication headquartered in Copenhagen, Denmark. Many analytics specialists agree that Machine Learning is going to revolutionise the digital analytics industry in the future, as all the major vendors battle to provide Machine Learning APIs that offer to surface interesting features of your data. These APIs offer cloud solutions that you can use to both scale up your own models, or take advantage of pre-trained models. Following our presentation at Superweek Hungary 2017, we wanted to show how you could start using these services today to enhance your own digital analytics capabilities. Among all Machine Learning techniques, we chose Sentiment Analysis since it is a common use case, but the same code with small modifications could be used for any of the machine learning APIs offered by the services we chose, Algorithmia and Google Natural Language API.
Deep Learning: Not Just for Silicon Valley · fast.ai
Recent American news events range from horrifying to dystopian, but reading the applications of our fast.ai I was blown away by how many bright, creative, resourceful folks from all over the world are applying deep learning to tackle a variety of meaningful and interesting problems. Their passions range from ending illegal logging, diagnosing malaria in rural Uganda, translating Japanese manga, reducing farmer suicides in India via better loans, making Nigerian fashion recommendations, monitoring patients with Parkinson's disease, and more. Our mission at fast.ai is to make deep learning accessible to people from varied backgrounds outside of elite institutions, who are tackling problems in meaningful but low-resource areas, far from mainstream deep learning research. Our group of selected fellows for Deep Learning Part 2 includes people from Nigeria, Ivory Coast, South Africa, Pakistan, Bangladesh, India, Singapore, Israel, Canada, Spain, Germany, France, Poland, Russia, and Turkey.