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New KFC Restaurant Run Entirely by Robots

#artificialintelligence

'Colonel Sanders is raising a robot army to serve fried chicken at a restaurant near you. KFC's first automated restaurant, called Original, went live in Shanghai on April 25th, complete with an artificially intelligent robot manager named "Du Mi" who works at the front counter. According to Chinese news outlet Sohu, "'Du Mi' marks the first commercial use of artificial intelligence in the fast food industry. The artificial intelligence robot was launched by China's leading web services company Baidu during its World Conference in 2015."'


B2C Robo-Advisors Are Dying As Growth Rates Crash

#artificialintelligence

While several of today's leading "robo-advisor" companies were founded in the aftermath of the financial crisis, it wasn't until early 2012 that they finally converged on a common low-cost "automated investment service" model… which, coupled with a surge of media coverage, quickly suggested that they could become the future of financial advice (or at least investment management) for consumers. However, in the year since established players like Schwab and Vanguard launched'competing' services, a fresh look at the robo-advisor landscape reveals that their growth rates are falling rapidly, to just 1/3rd their levels of one year ago. Their apparent demise: an inability to scale their marketing to sustain growth rates in the face of increasing competition and challenging client acquisition costs, coupled with a similar inability to grow their average account sizes. In fact, the combination of rising client acquisition costs and declining average revenue per client may be an outright death knell for the direct-to-consumer robo-advisor movement, as they approach the unsustainable crossover point where the lifetime value of a client, cumulatively, is less than the cost to acquire a single client (given that some have a mere average gross revenue per client of just 50/year!). Accordingly, it's not surprising to see many of the early robo-advisor players pivoting in other directions, using their long runway of available dollars to try to find greater growth traction, with at best one or two that might manage to build a viable brand that survives.


Classical Statistics and Statistical Learning in Imaging Neuroscience

arXiv.org Machine Learning

Neuroimaging research has predominantly drawn conclusions based on classical statistics, including null-hypothesis testing, t-tests, and ANOVA. Throughout recent years, statistical learning methods enjoy increasing popularity, including cross-validation, pattern classification, and sparsity-inducing regression. These two methodological families used for neuroimaging data analysis can be viewed as two extremes of a continuum. Yet, they originated from different historical contexts, build on different theories, rest on different assumptions, evaluate different outcome metrics, and permit different conclusions. This paper portrays commonalities and differences between classical statistics and statistical learning with their relation to neuroimaging research. The conceptual implications are illustrated in three common analysis scenarios. It is thus tried to resolve possible confusion between classical hypothesis testing and data-guided model estimation by discussing their ramifications for the neuroimaging access to neurobiology.


The Algorithm of Empathy

#artificialintelligence

Blinking in the sharp rays of the afternoon sun, I was surprised to see that the concert I was to attend with friends tonight was cancelled. I mean Omega, my virtual, artificially intelligent assistant cancelled it on my behalf. This was perfectly usual, as it knew things earlier than I did. Networked with most of the population's vital signs and medical records, it was tasked with keeping much of the developed world healthy and kicking. It's like an ever present safety net that makes perfectly informed decisions. Just as I was thinking about this, an appointment with an oncologist popped into the concert's place on my calendar.


Robot monk Xian'er teaches temple visitors, chants mantras

#artificialintelligence

Longquan Temple, a Buddhist temple not too far from Beijing, is home to Xian'er, a 2ft. The robot is an unexpected blend of modern with the ancient, and is designed to, among other things, teach visitors some basic things about Buddhism. The robot's purpose is fairly simple -- it is designed to attract visitor attention that may otherwise be dedicated to a smartphone. The robot is short and squat with a fun design. The tablet between his hands is a touchscreen on which visitors can view one of 20 questions.


What can the social sector learn from Taco Bell?

#artificialintelligence

Last month American fast food giant Taco Bell introduced the "TacoBot", a Siri-like version of the cashiers that take your order at its restaurant. TacoBot is loftily described as the future of ordering tacos and the software makes use of AI (artificial intelligence) advancements like natural language processing to let users talk with the bot, order food, and even pay for items entirely through platforms such as Facebook and Slack. "The TacoBot Slack integration is the latest step on our journey to make the brand more accessible wherever and whenever our fans want it," said Lawrence Kim, Taco Bell's director of digital innovation and on demand, in a statement. "Taco Bell is about food tailor-made for social consumption with friends, and that's why integrating with a social communications platform like Slack makes perfect sense. TacoBot is the next best thing to having your own Taco Bell butler… and who wouldn't want that??" TacoBot has the ability to recommend menu items, answer questions, organise group orders, and facilitate transactions fully equipped with a Taco Bell "personality" as seen below.


100 noteworthy young startups -- and what they tell us about tech this year

#artificialintelligence

Looking at what early-stage startups are working on is not only entertaining -- and sometimes concerning -- it can also be a good indicator of where tech is headed. Since we have data on these young ventures at my company, Startup Tracker, we have the opportunity to glimpse emergent product trends in the startup space. We decided to put together a list of the 100 most interesting little-known startups in existence right now and to analyze the underlying patterns. We specifically focused on companies that are building something unique or unconventional. One interesting trend we spotted was the apparent birth of a startup meta-industry -- startups building products for other startups is becoming a thing.


VirtusaPolaris and WorkFusion to Deliver Robotic Automation and AI-powered Cognitive Automation to the Financial Services Sector

#artificialintelligence

WIRE)--VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services, Ltd. and a leading worldwide provider of information technology (IT) consulting and outsourcing services, and WorkFusion, the leading smart process automation (SPA) provider, today announced a partnership to deliver new smart automation solutions for the banking and financial services (BFS) market. The combination of VirtusaPolaris' deep BFS industry and process expertise and WorkFusion's cutting edge platform will help clients reduce operational costs, while improving quality, productivity and agility. "Most financial services organizations continue to struggle with inefficient legacy systems that have not kept pace with the change in business and regulations, introducing gaps in process automation that negatively impact efficiency of business operations. Many of these gaps are low complexity high volume routine process steps and most organizations have deployed large operational workforces, frequently offshore, to handle these processes," said Bob Graham, global solutions head, Banking and Financial Services at VirtusaPolaris. "WorkFusion's combination of robotic and cognitive automation supported by VirtusaPolaris' expert consulting and implementation services allow customers to improve quality through greater accuracy and the removal of human error, reduce costs through rapid automation of manual tasks, and accelerate time to market with our proven delivery approach."


Dream: Difference between revisions - Wikipedia, the free encyclopedia

#artificialintelligence

Dreams are successions of images, ideas, emotions, and sensations that occur usually involuntarily in the mind during certain stages of sleep.[1] The content and purpose of dreams are not definitively understood, though they have been a topic of scientific speculation, as well as a subject of philosophical and religious interest, throughout recorded history. The scientific study of dreams is called oneirology.[2] Dreams mainly occur in the rapid-eye movement (REM) stage of sleep--when brain activity is high and resembles that of being awake. REM sleep is revealed by continuous movements of the eyes during sleep. At times, dreams may occur during other stages of sleep. However, these dreams tend to be much less vivid or memorable.[3] The length of a dream can vary; they may last for a few seconds, or approximately 20–30 minutes.[3] People are more likely to remember the dream if they are awakened during the REM phase. The average person has three to five dreams per night, and some may have up to seven;[4] however, most dreams are immediately or quickly forgotten.[5] Dreams tend to last longer as the night progresses. During a full eight-hour night sleep, most dreams occur in the typical two hours of REM.[6] In modern times, dreams have been seen as a connection to the unconscious mind. They range from normal and ordinary to overly surreal and bizarre. Dreams can have varying natures, such as being frightening, exciting, magical, melancholic, adventurous, or sexual. The events in dreams are generally outside the control of the dreamer, with the exception of lucid dreaming, where the dreamer is self-aware.[7]


A parallel Chinese-language Internet helps immigrants navigate life in America

Los Angeles Times

When Grace Hui moved to Los Angeles from China in 2014 and Googled the Chinese characters for "Los Angeles immigrant," the first result was Chineseinla.com. The Chino Hills-based website, a disorganized Yelp-meets-Craigslist hybrid, was a throwback, and Hui, 29, thought some of the posts were phishing scams. But with more than 680,000 listings, more than 350,000 registered users, 2 million monthly visits and sister sites in 15 cities, Chineseinla.com It's one of the only ways that Hui could connect to a country she couldn't understand. "American Internet is useless to me," said Hui, who used Chineseinla.com