Umbo Computer Vision, an artificial intelligence company that specializes in autonomous video security, announced today that it's raised an $8 million post-A round, bringing funding to a total of $17.6 million to date. This round was co-led by Translink Capital and Susquehanna International Group. Shin-Kong Capital and Shin-Kong Security (TSEC:9925), one of Asia's largest security alarm companies, also joined as strategic investors, with continued participation by earlier investors. Umbo will use the investment to help accelerate its global sales expansion and improve its portfolio of AI-powered security products - Light, TruePlatform and Umbo AiCameras. Umbo Light is a fast learning A.I. that recognizes human behaviors critical to security such as intrusion, tailgating, occupancy and wall scaling.

When one is to define what Artificial Intelligence (AI), they may be quick to say that it is the technology being used by Ironman in the Marvel movies. While that is AI, we are far from achieving that. So, what is AI and how are we using AI in the world today? OpenGov had the honour of interviewing Prof. Chen Tsuhan, Deputy President (Research and Technology) and Distinguished Professor at National University of Singapore (NUS). He also serves as the Chief Scientist of AI Singapore, a national programme in artificial intelligence.

Researchers have developed a smartphone app to help parents detect early signs of various eye diseases in their children such as retinoblastoma, an aggressive pediatric eye cancer. The CRADLE app (Computer-assisted detector leukocoria) searches for traces of abnormal reflections from the retina called leukocoria or "white eye", a primary symptom of retinoblastoma, as well as other common eye disorders. The app can be downloaded for free and can be found under the name "White Eye Detector." The study, published in the journal Science Advances, found that the app is an effective tool to augment clinical leukocoria screenings, allowing parents to efficiently and effectively screen their children more often throughout their development. "We suspected that the app would detect leukocoria associated with other more common disorders and some rare ones," said study researcher Bryan F. Shaw from Baylor University in the US.

Showcased solutions range from health data protection to green sea turtle tracking and smart fire extinguishing systems. The 2019 edition of IoT Solutions World Congress (IOTSWC) will feature a new specific area under the name IoT Solutions.Font that will focus on startups with original and innovative IoT, Artificial Intelligence, and Blockchain-based products and services. In its first year, it will hold a total of 10 companies from around the globe who have already tested their products in the market and have shown a real potential for internationalization. These startups will showcase their solutions in the exhibition area, take part in networking activities and compete to access an acceleration program. The participating companies provide solutions ranging from cybersecurity to data analysis and enhanced fire extinguishing equipment monitoring.

GNW The global artificial intelligence (AI) in retail market attained $720.0 million in 2018 and is predicted to witness a CAGR of 35.4% during 2019–2024 (forecast period). The factors contributing to the growth of the market include the increasing investments in AI by retail companies and expanding e-retail industry. With AI, retailers have been able to automate their work processes, study consumer behavior, and capture relevant data through the adoption of numerous advanced technologies, such as machine learning, natural language processing (NLP), and computer vision. When technology is considered, the AI in retail market is divided into computer vision, NLP, machine learning, and others (which include gesture recognition and analytics). Machine learning generated the highest revenue during the historical period (2014–2018) and is expected to dominate the market during the forecast period as well.

The Australian construction industry is far behind the rest of the world when it comes to digital innovation – a critical ingredient in meeting the demands of our rapidly growing population. With immense building and infrastructure pipelines in our cities, we must, as a nation and an industry, embrace digital innovation and artificial intelligence in order to unlock greater efficiencies, improved productivity and accuracies to future-proof our cities, particularly as we face scarcity in labour resources. Infrastructure planning and delivery requires a very specific skillset, not one that is easily transferable from the building sector. It should be home grown through our university system and imported from overseas through skilled migrants as our general population and transportation requirements are growing so quickly that we can't keep up. Simply, there's more work than there are skilled workers.

Since completing my Masters in Data Science, I have had a number of people contact me asking for my experience with the course and whether it is worth recommending. Therefore, I thought it best to summarise my decision for starting the course, what I have achieved during my studies, and the outcome in the years following. It was the spring of 2016 and I was coming towards the end of a 6 month internship at one of the largest consulting firms in the City of London. I had taken this role to gain experience and figure out whether becoming an Actuary was the correct route for my career. I quickly found passion in the data analytics of the role as I was being pulled into meetings to discuss numbers I had crunched or was able hack together a tool to automate previously manual tasks.

John Armour is Professor of Law and Finance and Horst Eidenmueller is the Freshfields Professor of Commercial Law, both at the Faculty of Law at the University of Oxford. This post is based on their recent paper. In a recent essay, we explore the implications of artificial intelligence (AI) for corporate law. Today, corporate law is primarily understood as a means of facilitating productive activity in business firms. On this view, it is a predominantly private endeavor, concerned with helping parties to lower the costs they encounter.

Summa Health is a nonprofit health system in Northeast Ohio. The Greater Akron Chamber documents Summa Health as the largest employer in Summit County with more than 7,000 employees. Summa Health provides comprehensive emergency, acute, critical, outpatient and long-term/home care. The growing use of CT chest imaging has resulted in increased incidental lung nodule findings on imaging studies. These nodules have historically proved problematic for follow-up.

This story was written in collaboration with Forbes Finds. Forbes Finds covers products and experiences we think you'll love. Featured products are independently selected and linked to for your convenience. If you buy something using a link on this page, Forbes may receive a small share of that sale. Marc Andreessen's call that "software is eating the world" has proven quite prescient.