Courts in China are increasingly relying on blockchain technology and artificial intelligence to resolve legal issues through "smart internet courts," where witnesses communicate with virtual, AI-enabled judges. According to a Cointelegraph report, Xinhua state news agency revealed that over 3.1 million cases in the country were settled using the technologies in smart internet courts from March to October 2019. Xinhua reported that the smart courts are made up of virtual judges enabled by AI technology that can communicate with citizens through multiple screens. The first-ever smart court in China was introduced in 2017 in Hangzhou city, before the Chinese government expanded these courts to Beijing and Guangzhou. Zhang Wen, President of the Beijing Internet Court, has stated that these new courts have adopted both AI and blockchain technology to resolve legal issues.
In this paper, we use the house price data ranging from January 2004 to October 2016 to predict the average house price of November and December in 2016 for each district in Beijing, Shanghai, Guangzhou and Shenzhen. We apply Autoregressive Integrated Moving Average model to generate the baseline while LSTM networks to build prediction model. These algorithms are compared in terms of Mean Squared Error. The result shows that the LSTM model has excellent properties with respect to predict time series. Also, stateful LSTM networks and stack LSTM networks are employed to further study the improvement of accuracy of the house prediction model.
Are you an investor in Chinese technology stocks? Then you know it's been a tough year to stay invested. There is also the potential for a credit crisis as the great wall of "shadow banking" showed some cracks recently with the collapse of a peer-to-peer lending platform. But I try to look longer-term at what extraordinary Chinese companies are doing -- in the largest middle class on the planet --that model the success of great U.S. companies like Amazon (AMZN - Free Report) and Alphabet (GOOGL - Free Report) . The best two examples there would be Alibaba (BABA - Free Report), the "Amazon of China," and Baidu (BIDU - Free Report), the "Google of China."
By its own reckoning, Bitmain built 70 percent of all the computers on the Bitcoin network. It makes specialized chips to perform the critical hash functions involved in mining and trading bitcoin and packages those chips into the top mining rig; the Antminer S9. Now the tech giant is looking to Artificial Intelligence. Apart from Bitcoin and cryptocurrency mining, Jihan Wu, the Co-founder of Bitmain envisions a use-case for Bitmain beyond blockchain and cryptocurrency. In an interview with the Institute of Electronics and Electrical Engineers (IEEE), Wu expressed that while Bitcoin's success is personal to him, Bitmain can't solely rely on Bitcoin and has to search other avenues for continual success.
Two years ago, a Chinese chip-design expert named Micree Zhan was reading China's seminal science-fiction novel, The Three-Body Problem, by Liu Cixin, while wrestling with how to create a new processor. He had already designed custom chips for the company he co-founded, Bitmain, that had made it into the world's leading bitcoin miner, allowing it to dominate the new, hyper-competitive industry of unearthing bitcoins. Now he needed a chip that could launch Bitmain onto a new trajectory, one that would help it master a world-altering technology called deep learning, a branch of artificial intelligence. While performing his nightly meditation, a practice he has kept up for nearly a decade, it suddenly came to Zhan. "It was late at night, and something inspired me--Sophon!" he recalls. A sophon is a fictional proton-sized supercomputer from The Three-Body Problem that is sent by an alien civilization to halt scientific progress on Earth. The aliens use it to take over Earth when their own planet is destroyed by the chaotic gravitational forces of its three suns.