Global Artificial Intelligence in BFSI Market size in 2017 is 2.50 million US$ and it is expected to reach 19.80 million US$ by the end of 2026 with a CAGR of 29.52% during 2017 -2026. Artificial intelligence (AI) in BFSI refers to the simulation of human intelligence into machines with the help of sophisticated machine learning, deep learning, chat-bots, cognitive computing, and natural language processing algorithms that help in customer relationship management, communication, and recruitment & wealth management. Artificial intelligence in BFSI is driven mainly by digital data .Artificial Intelligence (AI) is fast evolving as the go-to technology for banks across the world to personalize experience for individuals. Positive rise of AI-based application in BFSI such as customer support, fraud detection, improving employee efficiency, reduce fraud and security risks. Growing adoption of smart devices and growing penetration of internet services across the globe is fuelling amount of the data. A number of financial services institution are already generating value from artificial intelligence.

As video games give players more freedom to explore complex digital worlds, it becomes more challenging for a CG character to naturally move and interact with everything in it. So to prevent those awkward transitions between pre-programmed movements, researchers have turned to AI and deep learning to make video game characters move almost as realistically as real humans do. To help make video game characters walk, run, jump, and perform other movements as realistically as possible, video game developers will often rely on human performances that are captured and translated to digital characters. It produces results that are faster and better looking than animating video game characters by hand, but it's impossible to plan for every possible way a character will interact with a digital world, according to the researchers. Game developers try to plan for as many possibilities as they can, but they ultimately have to rely on software to transition between animations of a character walking up to a chair, and then sitting down on it, and more often than not, those segues feel stilted, unnatural, and can diminish a player's experience. Computer scientists from the University of Edinburgh and Adobe Research have come up with a novel solution they'll be presenting at the ACM Siggraph Asia conference being held in Brisbane, Australia, next month.

Strong writing can determine whether a Hollywood show turns out like Game of Thrones or Pee-Wee Herman's Big Adventure. That's why Ron Howard and Brian Grazer's Imagine Entertainment has opened an incubator for writers called Imagine Impact. The film and TV industries employ 2.6 million people in the U.S. alone, and those businesses generate $177 billion a year in wages. But surfacing new writers can be a haphazard process. Imagine Impact, the division of a film production company with dozens of Oscar-nominated films, wants to create a pipeline of strong writers.

Aegis AI, an artificial intelligence startup that builds software which employs computer vision to automatically detect weapons in security camera feeds, today announced that it's rebranding as Actuate and launched new AI threat-detection features. Actuate was founded in early 2018 by University of Chicago MBAs Sonny Tai and Ben Ziomek. Tai is a former Marine Corps captain who spent his formative years in Johannesburg, South Africa, where gun violence rates are some of the highest in the world, while Ziomek brings deep data science and AI expertise gained from his time as a program manager at Microsoft. The New York City-based Aegis Systems is a venture capital-backed AI startup that provides computer vision software to turn any security camera into a threat-detecting smart camera. Aegis AI system automatically detects firearms in existing security camera feeds, providing early warning and dramatically improving law enforcement response.

As much as we'd like to think that we're entering an era of autonomous robots, they're actually still pretty helpless. To keep them from falling down all the time, a human's fast reflexes could be the solution. But the human has to feel what the robot is feeling -- and that's just what these researchers are testing. Bipedal robots are excellent in theory for navigating human environments, but naturally are more prone to falling than quadrupedal or wheeled robots. Although they often have sophisticated algorithms that help keep them upright, in some situations those just might not be enough.

Electronics and other non-automotive companies are eager to expand their businesses in the auto industry where innovations will be key factors amid the growing need for autonomous and electrified vehicles. At the Tokyo Motor Show, open to the public from Friday to Nov. 4, many electronics firms including Hitachi Ltd., Mitsubishi Electric Corp. and Panasonic Corp. are showcasing their products and services. Such companies are trying to take advantage of their experience and knowledge to manufacture motors, inverters and sensors that are indispensable to assemble autonomous and electrified cars. More than 50 percent of vehicles will be fully or partly powered by electricity by 2040, according to an estimate by the International Energy Agency. Hitachi Automotive Systems Ltd., an automotive business unit of Hitachi group, produces motors and inverters for electric vehicles as well as electronic control units of advanced driving assistance systems.

U.S. Representatives Robin Kelly (IL-02) and I recently announced a new initiative with the Bipartisan Policy Center (BPC) to develop a bipartisan national artificial intelligence (AI) strategy, which will guide how Congress and the executive branch tackle this critical issue. Kelly and I will collaborate with BPC over the coming months to bring together an array of policy experts, public and private sector leaders and consumer advocates across the political spectrum through a series of meetings to discuss the complex policy challenges within AI. Kelly and I have asked for BPC's assistance with this effort because of their leadership in evidence-based policymaking and bipartisan collaboration to solve national problems. If America loses its advantage in technology, it will have a devastating effect on our economy and national security. We need a national AI strategy to ensure the U.S. is prepared to lead on technology that will define the course of this century. I am excited to once again work with my friend and colleague, Rep. Kelly, to tackle this important issue. "In order to maintain a strong economy and national defense, America must preserve our technological edge.

It is an exercise in stating the obvious to say we are living in a rapidly changing world, where technology is both one of the most disruptive and exciting influences on our society. Yet change is constant, and something that we have experienced forever – in the 17th century King Henry IV of France wished for all his people to have "a chicken in every pot." Fast forward 300 years to 1977 and Bill Gates' vision was for a "computer on every desk and in every home" and now with the advent of Artificial Intelligence (AI) and the Internet of Things (IoT) it seems there is a computer in every pot and chicken! Education is not immune to the increasing influences of technology and yet after a decade working in schools and the wider education sector, I've never been more convinced that teachers are the most valuable resource a school can possess and the old scare-mongering that robots will replace them could not be further from the truth. That said, technology and AI is going to empower and enable schools and teachers to do more than ever before and this is at the heart of Microsoft's vision and is evident through increasingly smart applications designed to help educators and students alike.

Across industries and in nearly every vertical, AI is driving digital transformation. In sales, for example, 70% of US-based professionals are now using some form of AI at work. In marketing, platforms like Acoustic, Salesforce Commerce Cloud, and Pega's Unified DMP are bringing brands closer than ever before to their customers. Project scheduling optimizers for engineering, telecommunications AI that recognize early signs of churn, and personalized gaming experiences based on in-game data are just a few of the ways AI is disrupting major industries today. AI is no longer the exclusive domain of massive enterprise with equally outsized R&D budgets, either.