One of the most frustrating holiday experiences I ever had was when my bank decided to lock me out of my account the minute I touched down at my destination. In short, it decided my financial activity was suspicious, my attempt to withdraw cash in Italy was probably fraudulent, and took a whole load of expensive phone calls to convince it otherwise. This is precisely the kind of situation that Featurespace is helping organisations to limit. "You can't stop 100% false positives," – i.e., these untrue notifications of fraud – says the CEO Martina King, over the phone from the company headquarters in Cambridge, UK. "But we lead to a 70% reduction."

People are hooked on messengers. Messenger apps are an alternative to home screens on the phones of millions of people. The big four messengers have overtaken the big four social networks in the number of active users. There are Line and WeChat in the Asian market. There are also Telegram, Slack, and Kik.

A recent trend in Deep Learning are Attention Mechanisms. In an interview, Ilya Sutskever, now the research director of OpenAI, mentioned that Attention Mechanisms are one of the most exciting advancements, and that they are here to stay. But what are Attention Mechanisms? Attention Mechanisms in Neural Networks are (very) loosely based on the visual attention mechanism found in humans. Human visual attention is well-studied and while there exist different models, all of them essentially come down to being able to focus on a certain region of an image with "high resolution" while perceiving the surrounding image in "low resolution", and then adjusting the focal point over time.

Artificial Intelligence is about to transform management from an art into a combination of art and science. Not because we'll be taking commands from science fiction's robot overlords, but because specialized AI will allow us to apply data science to our human interactions at work in a way that earlier theorists like Peter Drucker could only imagine.

MUMBAI DELHI: A US-based research firm is predicting that India's IT services industry will lose 6.4 lakh "low-skilled" jobs to automation in the next five years, quantifying the extent of likely pain for the first time, but Indian industry experts are urging caution and point to the other side of the coin -- the creation of new jobs in large numbers. By 2021, HfS Research said that the IT industry worldwide would see a net decrease of 9% in headcount, or about 1.4 million jobs, with countries like the Philippines, the United Kingdom and the United States also taking hits. For its part, IT industry body The National Association of Software and Services Companies (Nasscom) said that the report may not have taken into account all the jobs being created by newer technologies. "Nobody's really seen what automation and robotics will really lead to. There will be some impact of automation but overall we believe that technology adoption will actually lead to more job creation across sectors," Sangeeta Gupta, senior vice president at Nasscom, told ET. "Focus on talent increasingly has to be on skill and not scale. Jobs will exist in other places also, it's not fair to say these many jobs will get eliminated."

MUMBAI: Accenture has entered into a joint research collaboration with IIT Bombay and IIT Patna focused on the different application aspects of Artificial Intelligence. The research, focused on IT services and social good, will look at augmenting software engineers with powerful Artificial Intelligence insights and recommendation for improved productivity. The focus areas of the program includes research in natural language processing, machine learning, neural network, virtual agents, deep learning and other areas of artificial intelligence. It will include software analytics - building, testing, managing and modernization of applications, solving real life social issues such as malnutrition, human trafficking, climate, etc. through prediction and recommendation models, using Artificial Intelligence. "One of the major areas that the research will focus on is natural language processing," said Pushpak Bhattacharyya, director, IIT Patna.

The rise of the machines continues this week with news that the Associated Press (AP) is expanding its baseball coverage through automated stories generated by algorithms. The New York-based nonprofit news agency has ramped up its partnership with Automated Insights, a Durham, Carolina-based company that uses artificial intelligence to analyze big data and transform it into stories. The AP has worked with Automated Insights for a number of years already. Indeed, more than 3,000 computer-generated corporate earnings reports have been created over the past couple of years based on data supplied by Zacks Investment Research, and the AP has used automation in sports reports too. The organization also participated in a 5.5 million funding round into Automated Insights back in 2014.

The handset vendor has already set aside an initial corpus of 10 million for the development of this technologyRisk-prediction tool for diabetes patients. Read more ... » through a merger and acquisition or a jointToyota Goes To Silicon Valley, Enters Artificial Intelligence & Robotics Industry. "The budget is in tune of 10 million to start with, and as we see progress on this front and things go in right direction, then there will be no constraint on the budget part. We can spend as high as possible. Some part of this budget has been generated from the India business, while some portion has been allocated from Japan," Pankaj Rana, head of mobility division, India, South Asia, Middle East and Africa at Panasonic, told ET. "Our team would be traveling to Silicon Valley soon. We will have new products ready with AI in 9-12 months. In the last three months, we have finalized whatSingapore-based adtech startup wants to revolutionize multiscreen conversations. Read more ... » we will do and budgets have been allocated from Panasonic Japan and Panasonic India. Now we have to find a partner and start working on timeline, while understandingHow machine learning will take off in the cloud. Read more ... » the market," he said.

NEW DELHI: Panasonic India is scouting for companies to acquire in the next 6-9 months to develop artificial intelligence (AI) and Machine learning technologies, which it wants to integrate with its future smartphones to differentiate from rival vendors in the crowded yet fast growing market. The handset vendor has already set aside an initial corpus of 10 million for the development of this technology through a merger and acquisition or a joint venture. "The budget is in tune of 10 million to start with, and as we see progress on this front and things go in right direction, then there will be no constraint on the budget part. We can spend as high as possible. Some part of this budget has been generated from the India business, while some portion has been allocated from Japan," Pankaj Rana, head of mobility division, India, South Asia, Middle East and Africa at Panasonic, told ET. "Our team would be traveling to Silicon Valley soon. We will have new products ready with AI in 9-12 months. In the last three months, we have finalized what we will do and budgets have been allocated from Panasonic Japan and Panasonic India. Now we have to find a partner and start working on timeline, while understanding the market," he said.

MUMBAI: Accenture has entered into a joint research collaboration with IIT Bombay and IIT Patna focused on the different application aspects of Artificial Intelligence. The research, focused on IT services and social good, will look at augmenting software engineers with powerful Artificial Intelligence insights and recommendation for improved productivity. The focus areas of the program includes research in natural language processing, machine learning, neural network, virtual agents, deep learning and other areas of artificial intelligence. It will include software analytics - building, testing, managing and modernization of applications, solving real life social issues such as malnutrition, human trafficking, climate, etc. through prediction and recommendation models, using Artificial Intelligence. "One of the major areas that the research will focus on is natural language processing," said Pushpak Bhattacharyya, director, IIT Patna.