Mark Carney, the Bank of England Governor's, recent "Robots to steal 15 million jobs" warning is closely followed by a Japanese life insurer announcing that they are replacing 34 staff with robots to improve productivity by 30% and save just under £1m a year in salaries. In this instance the robots are an artificial intelligence (AI) system described as'cognitive technology that can think like a human'. It is capable of reading medical certificates and gathering data to calculate claim payments and when you also hear that an American insurer is already using AI and boasting of paying a claim for a stolen mobile phone in 3 seconds using their system known as'AI Jim', the attraction to insurers is obvious. To some, a'robot revolution' will just be another technological advancement, albeit one of significance to compare with the industrial revolution or the internet. To others it may be a very worrying radical change with the potential for global transformation, both socially and economically.

Shivaram Kalyanakrishnan is an assistant professor in the department of computer science and engineering at the Indian Institute of Technology-Bombay. He specialises in artificial intelligence (AI) and is the only author from India who is part of an 18-member study panel of the Stanford University-hosted report titled Artificial Intelligence and Life. Kalyanakrishnan's expertise broadly fits in the area of machine learning. Called reinforcement learning, it defines what actions software agents should take to maximize a certain type of reward after learning from reward and punishment. In an interview, he urges people to be more optimistic about the things AI can do rather than be obsessed with the fear around AI machines.

In a year of uncertainty and unpredictability, change strangely remained our only constant in 2016. Against a backdrop of unexpected political events – the outcome of the Brexit referendum, the election of Donald Trump and the Italy constitutional reform vote, for example – and an unsettled global economy, technological innovation has been developing at a dizzying pace. Nowhere has this been more notable than in the retail sector. Customer demand for convenience is driving change. Our Unfaithful Consumer research found that 55 percent of consumers see it as the most important factor when it comes to deciding where, and how, to shop. With the help of truly disruptive new technology, the focus in 2016 was on making the entire shopping experience more convenient for the consumer.

Economists worry that artificial intelligence (AI) could make many workers obsolete. Now, AI researchers could be putting their own jobs at risk. Researchers at Google and elsewhere are writing AI software that's better than humans at writing AI software, reports Light Reading (Banking Technology's sister publication). Researchers at the Google Brain artificial intelligence research group tasked software with designing a machine-learning system to take a test that benchmarks language-processing software. The software-written software beat previously published results for software designed by humans, according to a report this week on the MIT Technology Review.

The notion of a technological singularity brought about by advances in Artificial Intelligence (AI) has entertained academics, inventors, futurists, and journalists since the concept was first coined around the middle of the last century. The singularity posits that, at some point in the near or distant future, we humans will create AI that outsmarts us, leading to all sorts of unhappy results for our kind. Depending on whether you prefer utopian or dystopian science fiction, the singularity will either be absolutely fabulous or downright horrifying. Mathemetician and science-fiction writer Vernor Vinge is thought to have coined the term "the singularity." Vinge's view in this 1993 essay is decidedly dystopian: "Within thirty years, we will have the technological means to create superhuman intelligence. Shortly after, the human era will be ended."

Virtually every major smartphone vendor, from Apple to Samsung to LG to Huawei, is expected to release devices featuring artificial intelligence this year. Industry sources tell DigiTimes that virtual assistants will once again play a large role in the mobile industry in 2017, and that significant upgrades are on the way. According to DigiTimes' sources, Apple is working on an "enhanced" version of its Siri virtual assistant for its next generation of iPhone devices. The report doesn't specify whether or not this new Siri will appear on the iPhone 8, but with all the talk of the sweeping changes and additional features Apple is planning to bring to the iPhone for its 10th anniversary, a more advanced Siri would make sense. The report also points to Apple's acquisition of machine learning and AI startup Turi last August, which it says will allow the company to "further strengthen the functionality, as well as the market share" of Siri, which is now competing with the likes of Cortana, Alexa and Google Assistant.

A neuron is a nerve cell. The brain is made up of approximately 100 billion neurons. There are approximately 1 quadrillion synapses in the human brain. This is equal to about a half-billion synapses per cubic millimeter. What is behind the saying "We use only 10% of our brain?"

Technology in the so-called Smart Machine Age, which includes AI, virtual reality and robotics, will bring huge changes not just in headcount, but also in how people innovate and collaborate. That will require new approaches to how people think, listen and relate, says Edward D. Hess, a professor of business administration at the University of Virginia. In the "Smart Age" now evolving, ego has no place. Instead, the focus will need to be on the quality of ideas, accuracy, emotional intelligence and mindfulness. Hess writes about these issues in the just-released book he co-authored with Katherine Ludwig, titled Humility is the New Smart: Rethinking Human Excellence in the Smart Machine Age. Hess discussed his ideas on the Knowledge@Wharton show on Wharton Business Radio, SiriusXM channel 111.

Raspberry Pi has sold over 10 million units, making it the most successful British computer ever, according to Wired. Thanks to its ridiculous popularity and all of the intelligent things people have done with it, it's going to be able to broach a new frontier: artificial intelligence. Raspberry Pi is joining the forces of its proprietary machine learning, artificial intelligence, and additional tools to create something new going forward, according to the official website. A post on the Pi's site states that "Goole is going to arrive in style in 2017" and mentions that the "tech titan" has a lot of plans going forward for the community with "a range of AI and machine learning services ready to roll." The post explains that the Pi community is going to be given brand new tools to help enhance what the Pi can already do, and as such is offering a survey to users to determine better what could help users out more.

Code the City #8, which will take place in on Sat 25th to Sunday 26th February 2017, will be an exploration of the world of chatbots and AI (or Artificial Intelligence), identifying problems to tackle and quickly prototyping solutions. A chatbot is a piece of software that interacts with a customer or user to directly answer their questions. It uses existing data or information coupled with artificial intelligence to respond in a human-like way, guiding the user to a solution. There are many examples of live chat bots in this exciting, emerging field. A chatboat could give you travel directions, tell you when its next going to rain in your area, or help you contest parking tickets.