Factmata, a London-based company working on machine learning technology able to counter fake news online, has raised £700,000 ($1 million) in seed from a number of investors-- although it has not released its product yet. The round was backed by high-profile personalities such as Twitter cofounder Biz Stone and freedom of information activist Craig Newmark. Past investors include such heavy-weights as Mark Cuban, Mark Pincus, Ross Mason and Sunil Paul. The company is currently piloting a number of projects aimed at flagging up fake news, clickbait, misleading information, and otherwise bad content currently infesting the web. In an interview with TechCrunch, company's founder and CEO Dhruv Ghulati-- a machine learning specialist-- explained that what Factmata is gunning for is a ""community-driven AI: How do we take a machine learning model where you get data to train your model, perhaps pay 10,000 people to flag content?

Do you remember Hollywood movies Terminator: Rise of Machines or Ex Machina where facial recognition technologies are used in several ways? Today with digital technological advances, face recognition has become very important for businesses, to know who the customer is and send hyper-personalized offers to generate more revenues. Facebook has used facial recognition technology since 2011, to speed up the process of tagging friends or people in photos. When a user uploads an image to Facebook, the site's algorithms recognize the faces of friends and asks users if they would like to tag them. Security agencies were also early adopters of face recognition to identify suspicious behavior & threats to any big event or crowded areas like airports.

Advertising watchdog rejects Echo Dot owner's complaint that TV spot was irresponsible An Amazon Echo owner has tried to get a television advertising campaign for the smart speaker banned after the Alexa virtual assistant attempted to order cat food when it heard its name on an ad. An Amazon TV ad for the Echo Dot, which can perform functions such as make shopping lists and play music with voice commands, features people using the device in different situations. In one a man's voice says: "Alexa, reorder Purina cat food." Alexa responds: "I've found Purina cat food. Would you like to buy it?" A viewer lodged a complaint with the Advertising Standards Authority (ASA), saying that the ad was irresponsible because it caused their Echo Dot to order cat food.

A television ad for Amazon's Echo Dot smart speaker that caused a viewer's device to try to order cat food has been cleared by a UK regulator. The advert, which aired in October, featured a man asking Amazon's voice assistant Alexa to order Purina cat food. A viewer said the ad caused their Echo Dot device to respond after hearing the ad on the television. The viewer complained that the ad was "socially irresponsible". The Advertising Standards Authority (ASA) announced that it would not uphold the consumer's complaint because it did not find the advert to be in breach of the UK Code of Broadcast Advertising.

Bangalore: Artificial Intelligence (AI), one of the most popular forms of Cognitive technologies has some what failed to make a big mark on enterprises and organisations when it comes to its implementation. Only four percent of CIOs have implemented AI according to Gartner's 2018 CIO Agenda Survey, while a further 46 percent of CIOs have developed some plans to do so. "Despite huge levels of interest in AI technologies, current implementations remain at quite low levels," said Whit Andrews, Research Vice President and Distinguished Analyst - Gartner. "However, there is potential for strong growth as CIOs begin piloting AI programs through a combination of buy, build and outsource efforts." As with most emerging or unfamiliar technologies, early adopters are facing many obstacles to the progress of AI in their organizations. Gartner analysts have identified the following four lessons that have emerged from these early AI projects.

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Artificial intelligence (AI), machine learning, deep learning – all terms casually tossed about over recent years to paint a vision of a future only seen in Hollywood movies. But 2018, experts say, is the future -- the year when AI will start to dominate devices both at home and at work. Simply put, there will be less talk and more action as all energies sunk in investment and research and development of newer applications of AI start producing results in 2018. "Results are starting to appear beyond computers learning to beat humans at board games and TV game shows," said Bernard Marr, bestselling author and industry expert. "I expect 2018 to provide a continuous stream of small but sure steps forward, as machine learning and neural network technology take on more routine tasks."

EDMONTON, ALBERTA December 20 2017 -- Visionstate Corp. (TSX VENTURE: VIS) ("Visionstate" or the "Company") is pleased to announce that it has finalized the terms for the acquisition of …

As Hollywood events go, there are few more congratulatory than film festival awards ceremonies, where everyone wants to cheer for the Next Big Thing before they get huge. Yet, at this year's Sundance Film Festival, the biggest applause at the awards show wasn't for a director or actor--it was for Rachel Morrison, a director of photography on the festival jury. "Earlier this week," host Jason Mantzoukas said while announcing her name, "she became the first woman ever to be nominated for the Academy Award for cinematography. Her historic nod is for last year's Sundance hit Mudbound." Out in the audience, Morrison smiled sheepishly; at her side, fellow jurors Jada Pinkett Smith and Octavia Spencer whooped up a storm. The audience stood to clap.

Two IUPUI students have launched a tech startup aimed at helping businesses leverage the data they collect. Vemity Chief Executive Officer Brandon Boynton says the artificial intelligence-as-a-service platform will help companies discover new revenue streams and make them more competitive.