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How to Avoid RPA's Disadvantages, According to Gartner

#artificialintelligence

Total annual RPA revenue is expected to reach $1.3 billion in 2020, up from $98 million in 2015. Robotic process automation (RPA) is everywhere. Businesses are talking about it, analysts are writing about it; RPA has appeared in articles in Forbes and McKinley and The Wall Street Journal. You can hardly mention digital transformation without hearing about RPA. But are there risks with using RPA?


What patients want the FDA to consider about the role of AI in medicine

#artificialintelligence

Federal regulators have cleared dozens of AI products used in health care, which might give the impression that the Food and Drug Administration has a firm handle on a technology that is already changing how patients are treated. But a meeting on AI regulation last week told a different story. The agency is still grappling with fundamental questions about algorithmic bias, data transparency, and how to ensure that patients benefit equally from AI's rapid progress in medicine. Unlock this article by subscribing to STAT and enjoy your first 30 days free! STAT is STAT's premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond.


AMD expands its arsenal by snatching up programmable chip maker Xilinx

Engadget

AMD is acquiring chip designer Xilinx for $35 billion in stock to "significantly" expand the range of products it makes and customers it reaches, particularly in high performance computing. As the Wall Street Journal noted, Xilinx's easily customizable FPGA (field-programmable gate array) chips are used in a variety of places AMD wouldn't have even considered before, from 5G systems to the F-35 to self-driving cars. The newly-bought company also specializes in adaptive systems-on-chip, accelerators and smart networking devices found in data centers, edge computing and end devices. AMD expects the Xilinx deal to take a while to wrap up. It should close by the end of 2021, the company said.


The Amazing Ways Duolingo Is Using Artificial Intelligence To Deliver Free Language Learning

#artificialintelligence

It's a challenge to learn a new language, especially once we're past 18 years old. But Duolingo, self-proclaimed as "the world's best way to learn a language" and seconded by reviewers at the Wall Street Journal and the New York Times, is set to change that with an assist from artificial intelligence (AI). Duolingo launched in 2011, and through a powerful mix of personalized learning, immediate feedback and gamification/rewards, it has become one of the most downloaded educational apps today. Let's take a look at how artificial intelligence helps the company deliver personalized language lessons to its 300 million users. Founded in Pittsburgh by Carnegie Mellon University computer scientist Luis von Ahn, who is renowned for creating CAPTCHA, Duolingo's mission is to "make education free and accessible to everyone in the world."


White House Finalizing New Regulations For AI

#artificialintelligence

The White House is in the final stretch of finishing guidance on how agencies in different sectors should regulate artificial intelligence (AI), according to a Wall Street Journal report on Wednesday (Oct. Chief Technology Officer Michael Kratsios said at the WSJ Tech Live virtual conference that the guidance is a follow-up to January's White House draft. The original draft consisted of 10 principles that outlined how agencies should approach AI in their respective industries. "We had a great, robust conversation with many stakeholders on it," Kratsios during a comment period. He added that the finished adaptation of the regulations should be completed soon.


The Amazing Ways Duolingo Is Using Artificial Intelligence To Deliver Free Language Learning

#artificialintelligence

It's a challenge to learn a new language, especially once we're past 18 years old. But Duolingo, self-proclaimed as "the world's best way to learn a language" and seconded by reviewers at the Wall Street Journal and the New York Times, is set to change that with an assist from artificial intelligence (AI). Duolingo launched in 2011, and through a powerful mix of personalized learning, immediate feedback and gamification/rewards, it has become one of the most downloaded educational apps today. Let's take a look at how artificial intelligence helps the company deliver personalized language lessons to its 300 million users. Founded in Pittsburgh by Carnegie Mellon University computer scientist Luis von Ahn, who is renowned for creating CAPTCHA, Duolingo's mission is to "make education free and accessible to everyone in the world."


Twitter Data-Breach Case Won't Be Resolved Before Year's End, Ireland's Regulator Says

WSJ.com: WSJD - Technology

Helen Dixon, head of Ireland's Data Protection Commission, in May submitted a draft decision to more than two dozen of the bloc's privacy regulators for review, as required under the law. Eleven regulators objected to the proposed ruling, sparking a lengthy dispute-resolution mechanism, she said. The contents of the draft decision haven't been disclosed. Twitter's European operations are based in Dublin. "It's a long process," Ms. Dixon said at The Wall Street Journal's virtual CIO Network conference.


GBR - AI in the Life Sciences 2020

#artificialintelligence

When MIT mathematician Jim Simmons founded Renaissance Technologies in 1988, it was unfathomable that computers driven by algorithms might outperform top Wall Street fund managers. Today, after a more than thirty year average return of 66% per annum, the Renaissance model of applying machine learning techniques to invest in a manner that is automated, dispassionate and performed with minimal human intervention is widely accepted. Quantitative finance, as it is dubbed, has profoundly reshaped the financial industry. In the past, pharma has expressed a similar skepticism around the adoption of artificial intelligence and machine learning to perform tasks such as molecular design, discovery and clinical trials. After all, lives are at stake and Mark Zuckerberg's idea that success requires startups to "move fast and break things" is the antithesis of the industry's guiding principle to "do no harm."


Robots Are Now Learning To Reason Like Humans - Wall Street Pit

#artificialintelligence

It's no secret that a lot of people, including some very influential personalities, harbor the fear that AI or artificial intelligence could one day surpass human intelligence and take over the world. But while such a threat may not be as far-fetched, right now, there's one big stumbling block that's keeping robots and machines from even scratching the surface of what it is like to be human. And that's the ability to reason and think logically. Researchers have been trying to figure out how to incorporate this ability into computers. Now Google's DeepMind might be moving ahead in the race as it has developed an algorithm that enables AI to handle the most basic form of reasoning, that is, relational reasoning.


7 Artificial Intelligence Stocks to Buy for Future Efficiencies – IAM Network

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With so much death and economic destruction wrought by the novel coronavirus, it's hard to find the silver lining. But if there is one on Wall Street, it's the rise of artificial intelligence stocks. Yes, there is the profitability angle from machine learning and other relevant technology facilitates. But this crisis has been a crash course in the sector's viability. Hopefully, we won't suffer a second wave like many European countries are experiencing because, you know, people can just get over themselves and wear a flipping mask in public. But even if we do succumb to a second round, eventually, this too shall pass.