BEIJING, June 16, 2017 (GLOBE NEWSWIRE) -- Gridsum Holding Inc. ("Gridsum" or the "Company") (NASDAQ:GSUM), a leading provider of cloud-based big-data analytics, machine learning and Artificial Intelligence solutions in China, today announced the debut of the Intelligent Voice Recognition System jointly developed with Tencent Cloud to help improve the efficiency of the legal system across China. On June 10, the system was demonstrated to senior government officials, including Zhou Qiang, the chief justice and president of China's Supreme People's Court, at the Intermediate People's Court of Chongzuo City in Guangxi. The system fully demonstrates the power of information technology and targeted AI to provide more effective legal services, Chief Justice Zhou said after the demonstration. Gridsum may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties.
The bank claims its software can analyse 100 features of a voice, from pronunciation to tone and speech pattern, to make a match even if you have a cold or a sore throat. The Voice ID system was introduced by the bank in February last year and a number of major banks, including Barclays, Santander and Lloyds, followed suit. HSBC claims its software can analyse 100 features of a voice, from pronunciation to tone and speech pattern, to make a match even if you have a cold or a sore throat. HSBC's Voice ID system was introduced by the bank in February last year and a number of major banks, including Barclays, Santander and Lloyds, followed suit.
BBC Click reporter Dan Simmons set up an HSBC account and signed up to the bank's voice ID authentication service. But the bank let Dan Simmons' non-identical twin, Joe, access the account via the telephone after he mimicked his brother's voice. HSBC introduced the voice-based security in 2016, saying it measured 100 different characteristics of the human voice to verify a user's identity. Separately, a Click researcher found HSBC Voice ID kept letting them try to access their account after they deliberately failed on 20 separate occasions spread over 12 minutes.
Such innovations announced on Wednesday include the general availability of its SAP S/4HANA Cloud 1705, which features the general availability SAP Co-Pilot, a digital assistant launched on Tuesday as part of the company's Leonardo digital innovation system. Other updates in the company's updated ERP Software-as-a-Service solution include the availability of statutory financial consolidation, SAP S/4HANA Cloud for Finance for credit integration, and SAP digital payments add-on integration; as well as expanded manufacturing processes management; an SAP Project Companion mobile app; and integrations to third-party systems, including creating sales orders for Salesforce automation. The company's SAP Cloud Platform Predictive service also received an upgrade, as did the SAP IT Operations Analytics 2.0 software; and the company also announced support for hybrid datacentres and that its SAP Predictive Analytics software enables machine learning via SAP S/4HANA both on premise and in the cloud. Following the announcement SAP was offering a multicloud environment, integrating with Amazon Web Services, Microsoft Azure, and Google Cloud, SAP Digital Boardroom now also supports Microsoft Surface Hub.
In response to the pranks, which have been happening nearly every day in recent months, the Coast Guard is planning to adopt voice recognition software to identify the phony callers. While these challenges make it hard to eliminate fake callers, voice recognition may be able to catch the pranksters as the Coast Guard believes most of the calls originate from a small number of callers. It's not entirely clear if the Coast Guard's adoption of voice recognition technology will provide any relief from the pranksters; many software systems record an extended conversation -- up to 40 seconds of talking -- to ID a voice accurately, and callers can potentially thwart the system just by disguising how they talk. The voice recognition software likely wouldn't give the Coast Guard what it needs to make such an arrest or obtain a warrant but would be a solution that would mitigate the damage of the calls without leading to jail time for the callers.
The change started with Siri – Apple's voice assistant, which was copied and improved on with Google's Voice Search (now Now) and Microsoft's Cortana. In five years, if voice recognition continues to improve at its current pace, then people may look back and wonder why they ever used a keyboard. In the same way that Apple destroyed the feature phone market, Amazon may equally well destroy the smartphone market. "In Five Years, if Voice Recognition Continues to Improve at its Current Pace, Then People may Look Back and Wonder Why They Ever Used a Keyboard."
Germany plans to use voice recognition software to verify the many asylum applications it receives -- but the technology is far from perfect, experts warn. Now, German authorities are planning to use new voice recognition software to verify the asylum seekers' country of origin, according to a report on Die Welt. The test, which will begin in two weeks and roll out widely in 2018, aims at analysing and identifying the dialects of people seeking asylum using recorded speech samples. Another expert, computer scientist Dirk Hovy at the University of Copenhagen, told Die Welt that the new system would need the creation of a very accurate and broad database, which is a difficult task.
The software, based on voice authentication tech used by banks and insurance, is designed to analyze the dialects of refugees based on speech samples. Instead, she believes the job is best left to BAMF's 45 linguistics experts, who cover 80 languages and have done such work since 1998. "Identifying the region of origin for anyone based on their speech is an extremely complex task," she said. As it stands, less than half of refugees are granted asylum, though nearly 60 percent get other types of protection to avoid deportation.
PayPal may be looking into voice recognition to enable more digital commerce use cases in the near future, if a new post-MWC blog post offers any hints. One is the Internet of Things, including new connected car technologies like PayPal's new car commerce feature with Shell and Jaguar (and Apple). Looking at emerging digital commerce opportunities in areas like virtual reality, connected appliances, and even drones, Nayar asserts that it "won't be convenient or realistic to pull out a credit card or punch in your information in any of these scenarios". Nayar stops far short of suggesting that voice recognition will become the key modality of transaction authentication for PayPal in the future, but his comments certainly suggest that the company is investigating the technology intensively.
The feature, which for now is reportedly called "Voice ID," enables Echo devices to recognize the voice of the main account holder associated with the speaker. Though Time reports the technology has been in the works for more than a year, it's not clear when, or if, the company will launch the feature. Besides reducing the number of misheard commands, learning each user's voice could prevent mishaps like when a local news report accidentally made a bunch of Amazon Echoes buy dollhouses. Both Apple's Siri and Google's Assistant have features that will learn to recognize your voice (though, in Google's case, the feature doesn't yet work with the company's voice-enabled speaker, Google Home).