Most people are not very familiar with the concept of artificial intelligence (AI). As an illustration, when 1,500 senior business leaders in the United States in 2017 were asked about AI, only 17 percent said they were familiar with it.1 A number of them were not sure what it was or how it would affect their particular companies. They understood there was considerable potential for altering business processes, but were not clear how AI could be deployed within their own organizations. Despite its widespread lack of familiarity, AI is a technology that is transforming every walk of life. It is a wide-ranging tool that enables people to rethink how we integrate information, analyze data, and use the resulting insights to improve decisionmaking. Our hope through this comprehensive overview is to explain AI to an audience of policymakers, opinion leaders, and interested observers, and demonstrate how AI already is altering the world and raising important questions for society, the economy, and governance. In this paper, we discuss novel applications in finance, national security, health care, criminal justice, transportation, and smart cities, and address issues such as data access problems, algorithmic bias, AI ethics and transparency, and legal liability for AI decisions. We contrast the regulatory approaches of the U.S. and European Union, and close by making a number of recommendations for getting the most out of AI while still protecting important human values.2 Although there is no uniformly agreed upon definition, AI generally is thought to refer to "machines that respond to stimulation consistent with traditional responses from humans, given the human capacity for contemplation, judgment and intention."3 According to researchers Shubhendu and Vijay, these software systems "make decisions which normally require [a] human level of expertise" and help people anticipate problems or deal with issues as they come up.4 As such, they operate in an intentional, intelligent, and adaptive manner. Artificial intelligence algorithms are designed to make decisions, often using real-time data. They are unlike passive machines that are capable only of mechanical or predetermined responses. Using sensors, digital data, or remote inputs, they combine information from a variety of different sources, analyze the material instantly, and act on the insights derived from those data. With massive improvements in storage systems, processing speeds, and analytic techniques, they are capable of tremendous sophistication in analysis and decisionmaking.

The ACM constitution provides that our Association hold a general election in the even-numbered years for the positions of President, Vice President, Secretary/Treasurer, and Members-at-Large. Biographical information and statements of the candidates appear on the following pages (candidates' names appear in random order). In addition to the election of ACM's officers--President, Vice President, Secretary/Treasurer--two Members-at-Large will be elected to serve on ACM Council. Please refer to the instructions posted at https://www.esc-vote.com/acm2018. To access the secure voting site, you will need to enter your email address (the email address associated with your ACM member record) and your unique PIN provided by Election Services Co. Should you wish to vote by paper ballot please contact Election Services Co. to request a paper copy of the ballot and follow the postal mail ballot procedures: [email protected] or 1-866-720-4357. Please return your ballot in the enclosed envelope, which must be signed by you on the outside in the space provided. The signed ballot envelope may be inserted into a separate envelope for mailing if you prefer this method. All ballots must be received by no later than 16:00 UTC on 24 May 2018. Validation by the Tellers Committee will take place at 14:00 UTC on 29 May 2018. Jack Davidson's research interests include compilers, computer architecture, system software, embedded systems, computer security, and computer science education. He is co-author of two introductory textbooks: C Program Design: An Introduction to Object-Oriented Programming and Java 5.0 Program Design: An Introduction to Programming and Object-oriented Design. Professionally, he has helped organize many conferences across several fields.

Whereas people learn many different types of knowledge from diverse experiences over many years, and become better learners over time, most current machine learning systems are much more narrow, learning just a single function or data model based on statistical analysis of a single data set. We suggest that people learn better than computers precisely because of this difference, and we suggest a key direction for machine learning research is to develop software architectures that enable intelligent agents to also learn many types of knowledge, continuously over many years, and to become better learners over time. In this paper we define more precisely this never-ending learning paradigm for machine learning, and we present one case study: the Never-Ending Language Learner (NELL), which achieves a number of the desired properties of a never-ending learner. NELL has been learning to read the Web 24hrs/day since January 2010, and so far has acquired a knowledge base with 120mn diverse, confidence-weighted beliefs (e.g., servedWith(tea,biscuits)), while learning thousands of interrelated functions that continually improve its reading competence over time. NELL has also learned to reason over its knowledge base to infer new beliefs it has not yet read from those it has, and NELL is inventing new relational predicates to extend the ontology it uses to represent beliefs. We describe the design of NELL, experimental results illustrating its behavior, and discuss both its successes and shortcomings as a case study in never-ending learning. NELL can be tracked online at http://rtw.ml.cmu.edu, and followed on Twitter at @CMUNELL. Machine learning is a highly successful branch of artificial intelligence (AI), and is now widely used for tasks from spam filtering, to speech recognition, to credit card fraud detection, to face recognition. Despite these successes, the ways in which computers learn today remain surprisingly narrow when compared to human learning. This paper explores an alternative paradigm for machine learning that more closely models the diversity, competence and cumulative nature of human learning.

Communication with computing machinery has become increasingly'chatty' these days: Alexa, Cortana, Siri, and many more dialogue systems have hit the consumer market on a broader basis than ever, but do any of them truly notice our emotions and react to them like a human conversational partner would? In fact, the discipline of automatically recognizing human emotion and affective states from speech, usually referred to as Speech Emotion Recognition or SER for short, has by now surpassed the "age of majority," celebrating the 22nd anniversary after the seminal work of Daellert et al. in 199610--arguably the first research paper on the topic. However, the idea has existed even longer, as the first patent dates back to the late 1970s.41 Previously, a series of studies rooted in psychology rather than in computer science investigated the role of acoustics of human emotion (see, for example, references8,16,21,34). Blanton,4 for example, wrote that "the effect of emotions upon the voice is recognized by all people. Even the most primitive can recognize the tones of love and fear and anger; and this knowledge is shared by the animals. The dog, the horse, and many other animals can understand the meaning of the human voice. The language of the tones is the oldest and most universal of all our means of communication." It appears the time has come for computing machinery to understand it as well.28 This holds true for the entire field of affective computing--Picard's field-coining book by the same name appeared around the same time29 as SER, describing the broader idea of lending machines emotional intelligence able to recognize human emotion and to synthesize emotion and emotional behavior.

Most people are not very familiar with the concept of artificial intelligence (AI). As an illustration, when 1,500 senior business leaders in the United States in 2017 were asked about AI, only 17 percent said they were familiar with it.1 A number of them were not sure what it was or how it would affect their particular companies. They understood there was considerable potential for altering business processes, but were not clear how AI could be deployed within their own organizations. Despite its widespread lack of familiarity, AI is a technology that is transforming every walk of life. It is a wide-ranging tool that enables people to rethink how we integrate information, analyze data, and use the resulting insights to improve decisionmaking. Our hope through this comprehensive overview is to explain AI to an audience of policymakers, opinion leaders, and interested observers, and demonstrate how AI already is altering the world and raising important questions for society, the economy, and governance. In this paper, we discuss novel applications in finance, national security, health care, criminal justice, transportation, and smart cities, and address issues such as data access problems, algorithmic bias, AI ethics and transparency, and legal liability for AI decisions. We contrast the regulatory approaches of the U.S. and European Union, and close by making a number of recommendations for getting the most out of AI while still protecting important human values.2 Although there is no uniformly agreed upon definition, AI generally is thought to refer to "machines that respond to stimulation consistent with traditional responses from humans, given the human capacity for contemplation, judgment and intention."3 According to researchers Shubhendu and Vijay, these software systems "make decisions which normally require [a] human level of expertise" and help people anticipate problems or deal with issues as they come up.4 As such, they operate in an intentional, intelligent, and adaptive manner. Artificial intelligence algorithms are designed to make decisions, often using real-time data. They are unlike passive machines that are capable only of mechanical or predetermined responses. Using sensors, digital data, or remote inputs, they combine information from a variety of different sources, analyze the material instantly, and act on the insights derived from those data. With massive improvements in storage systems, processing speeds, and analytic techniques, they are capable of tremendous sophistication in analysis and decisionmaking.

Kai-Fu Lee is the founder and CEO of Sinovation Ventures, a Chinese technology venture investment firm. He was named one of Time magazine's 100 most influential people in the world in 2013. Before founding Sinovation Ventures, he was president of Google China and previously held executive positions at Microsoft, SGI, and Apple. While in Vancouver attending the TED conference, Lee sat down with Martin Reeves, director of the BCG Henderson Institute, to talk about the impact of artificial intelligence on companies, industries, and nations. Drawing from his new book AI Superpowers: China, Silicon Valley, and the New World Order -- which will be released in September 2018 -- he discussed the case for the regulation of AI applications, how AI affects company and national competitiveness, and how CEOs might be underestimating the effect of AI on the future of work. A transcript of the conversation follows. We hear all sorts of extreme predictions about the possibilities for AI.

The purpose of this paper is to re-investigate the estimation of multiple factor models by relaxing the convention that the number of factors is small. We first obtain the collection of all possible factors and we provide a simultaneous test, security by security, of which factors are significant. Since the collection of risk factors selected for investigation is large and highly correlated, we use dimension reduction methods, including the Least Absolute Shrinkage and Selection Operator (LASSO) and prototype clustering, to perform the investigation. For comparison with the existing literature, we compare the multi-factor model's performance with the Fama-French 5-factor model. We find that both the Fama-French 5-factor and the multi-factor model are consistent with the behavior of "large-time scale" security returns. In a goodness-of-fit test comparing the Fama-French 5-factor with the multi-factor model, the multi-factor model has a substantially larger adjusted $R^{2}$. Robustness tests confirm that the multi-factor model provides a reasonable characterization of security returns.

Porsche Consulting has entered a strategic partnership with UnternehmerTUM, the Center for Innovation and Business Creation at the Technical University in Munich, to create applications for artificial intelligence. In collaboration with established companies, start-ups, and scientists, the management consultancy wants to advance the use of artificial intelligence in actual practice. To this end, the appliedAI initiative has now been launched in Munich. With this appliedAI partnership, the management consultancy is expanding its own range of services offered in the fields of analytics and artificial intelligence. Teams made up of consultants and AI experts will support the projects from conception to the test run.

The US Department of Justice called it "the largest foreign bribery case in history". After Brazilian multinational Odebrecht admitted guilt in a cash-for-contracts corruption scandal in 12 nations, it vowed to change its ways. But Brazil's authorities are still wrestling with an encrypted computer system used to run the firm's illicit payment system. The federal police building in Curitiba, in the southern state of Parana, has hardly been out of the news. In June 2015, the now-convicted former chief executive, Marcelo Odebrecht, was brought here. More recently, the HQ received former president Luis Inacio Lula da Silva, jailed for corruption on charges related to the wider Lava Jato (Car Wash) investigation based here.

What do you get when you cross an A-list celebrity with a humanoid robot? A pretty awkward date, it turns out. Will Smith, who of course starred in the film adaptation of Isaac Asimov's collection of science fiction stories I, Robot, tried his hand at a spot of robot dating the other day on the Cayman Islands. In a video posted on YouTube, the actor attempted to have a date with Sophia the robot, a celebrity in her own right. She's previously spoken to the United Nations, appeared on plenty of TV shows, and even been on the cover of Elle Brasil.