MIT announced today that it is massively doubling down on the future of computer science with the launch of a new college of computing. The university is committing $1 billion in resources to the new school, and the university received a $350 million donation from Stephen A. Schwarzman, who will be the naming donor. MIT said that its commitment is the largest of a university yet to the discipline. The university is already one of the leaders in computer science, with a famed department located in the School of Engineering. The new initiative will see computer science, artificial intelligence, and data science placed in the new school, complete with a new dean and around 50 new faculty positions according to the university.

Facebook has removed accounts, pages and apps linked to firms which build facial recognition software for the Russian government. The social media giant announced on Thursday it had removed 66 accounts associated with SocialDataHub and its sister firm Fubutech. It said the companies had violated Facebook policy by scraping data from the social network. 'Facebook has reason to believe your work for the government has included matching photos from individuals' personal social media accounts in order to identify them,' the company said in a cease-and-desist letter to SocialDataHub, The New York Times reported. The companies involved, which share 52 employees in Moscow, were reportedly given until yesterday to confirm what data they had taken and delete it.

In addition to visual inspection by employees, several small cameras are installed directly in the presses. They evaluate the captured images with the help of image-recognition software. This process will soon be replaced by an ML procedure. Software based on a complex artificial neural network operates in the background of this innovative procedure. The software detects the finest cracks in sheet metal with the utmost precision and reliably marks the spot.

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ORLANDO, Fla.--(BUSINESS WIRE)--Gartner, Inc. has announced the winners of the 2018 Gartner Eye on Innovation Award for financial services in the Americas. The award recognizes innovative use of digital technology-enabled capabilities, products or services to highlight "best-in-class" financial industry initiatives launched within the past 12 months and to offer insight about developments in digital innovation. The finalists presented their case studies during Gartner Symposium/ITxpo, which is taking place here through Thursday, and BMO Bank of Montreal was selected as the regional 2018 Gartner Eye on Innovation Award Americas winner by the attendees at the event. Allstate and Liberty Mutual Insurance were also named as award recipients. BMO Bank of Montreal -- BMO Bank of Montreal created an entirely new way to pay bills by applying machine learning capabilities to recognize the biller, payee, account number, amount and due date across a range of corporations and statement formats.

The UAE is witnessing the increased adoption of advanced technologies. Etisalat is taking a giant leap by launching the 5G network, investing in futuristic technologies and smart services, says its top official. On Sunday, Etisalat--has unveiled autonomous flying car at the--Gitex Technology Week 2018 in Dubai. Saleh Abdullah Al Abdooli, chief executive officer, Etisalat Group, said 5G will be one of the key highlights for etisalat in showcasing the future of urbanism and mobility at the Gitex Technology Week, starting today. "5G will be a game changer for the telecom industry with its rich potential, an evolution that would elevate services, performance and enablement. Such new technologies are one of the gateways enabling the UAE's digital aspiration/vision, market trends and etisalat's long-term strategy," Abdooli told Khaleej Times during an interview ahead of the region's premier technology event.

Use of artificial intelligence (AI) in digital commerce is generally considered a success, according to a survey by Gartner, Inc. About 70 percent of digital commerce organizations surveyed report that their AI projects are very or extremely successful. Gartner conducted a survey* of 307 digital commerce organizations that are currently using or piloting AI to understand the adoption, value, success and challenges of AI in digital commerce. Respondents included organizations in the U.S., Canada, Brazil, France, Germany, the U.K., Australia, New Zealand, India and China. Three-quarters of respondents said they are seeing double-digit improvements in the outcomes they measure.

As robotics technologies have advanced significantly in the past few years, robots for enterprise markets are becoming more affordable, productive, and smarter than ever before. According to a new report from Tractica, this trend is resulting in a significant increase in the number of enterprises within the agriculture, construction, warehousing and logistics, telepresence, customer service, and other sectors willing to invest in robots to cut costs and increase profits, while trusting robots to solve business challenges and productivity gaps. Tractica forecasts that worldwide shipments of enterprise robots will grow from approximately 83,000 units in 2016 to 1.2 million units annually by 2022, increasing at a compound annual growth rate (CAGR) of 57% during that period. Global revenue for the enterprise robotics market will increase from $5.9 billion in 2016 to $67.9 billion in 2022. "Just as robotics has transformed manufacturing and heavy industry in recent years, robots are beginning to impact enterprise work processes, with innovative and effective solutions being introduced with increased frequency," says research analyst Manoj Sahi.

CobbleStone's CLM platform provides powerful AI and ML to systematically analyze paper contracts and performs contract text extraction for improved contract oversight, proactive opportunity identification, and risk mitigation. CobbleStone Software, leaders in contract lifecycle management software, and a proud sponsor of ACC (Association of Corporate Council), is pleased to announce that they will showcase the benefits of Contract Insight's artificial intelligence (AI) and machine learning (ML) at the 2018 ACC Annual Meeting in Austin, TX, on October 21st-24th. CobbleStone's CLM platform provides powerful AI and ML to systematically analyze contracts originated by internal or external paper, and performs contract text extraction for improved contract oversight, proactive opportunity identification, and risk mitigation. "We're excited to introduce the next generation of contract lifecycle management solutions by providing our clients with a platform enabled with machine intelligence to optimize the user experience," said Bradford Jones, Director of Sales & Marketing at CobbleStone Software. "Legal, procurement, and compliance professionals finally have a solution that was built for them that includes groundbreaking technologies for end-to-end contract automation."

RapidMiner Auto Model is the first application for the RapidMiner AI Cloud and is currently available in beta. RapidMiner Auto Model uses automated machine learning and best practices to build predictive models in 4 clicks. Unlike other automated machine learning products, Auto Model does not generate black box predictive models that cannot be easily explained. With Auto Model, both the model itself and how the model was created are detailed step-by-step and narrated visually. "We're thrilled to announce Auto Model on the RapidMiner AI Cloud," said Lars Bauerle, chief product officer at RapidMiner.