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Don't be afraid of artificial intelligence managing your money - Daily Times

#artificialintelligence

Would you want a robot managing your money? Are you comfortable with a computer that could think and learn? While this might sound like a futuristic science fiction novel, it's already happening in financial services. Robots and smart computers are helping to manage your money, and they will enable banks to increase revenue and employment over the next five years, according to a report by Accenture on realizing the full value of AI . Artificial intelligence refers to computer systems that are able to perform tasks that historically required human intelligence, such such as recognizing images, understanding speech, translating languages and making decisions.


CES 2020: A smart city oasis

Robohub

Like the city that hosts the Consumer Electronics Show (CES) there is a lot of noise on the show floor. Sifting through the lights, sounds and people can be an arduous task even for the most experienced CES attendees. Hidden past the North Hall of the Las Vegas Convention Center (LVCC) is a walkway to a tech oasis housed in the Westgate Hotel. This new area hosting SmartCity/IoT innovations is reminiscent of the old Eureka Park complete with folding tables and ballroom carpeting. The fact that such enterprises require their own area separate from the main halls of the LVCC and the startup pavilions of the Sands Hotel is an indication of how urbanization is being redefined by artificial intelligence.


Toyota is building a 'smart' city to test AI, robots and self-driving cars

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Carmaker Toyota has unveiled plans for a 2,000-person "city of the future," where it will test autonomous vehicles, smart technology and robot-assisted living. The ambitious project, dubbed Woven City, is set to break ground next year in the foothills of Japan's Mount Fuji, about 60 miles from Tokyo. Announcing the project at the Consumer Electronics Show (CES) in Las Vegas, Toyota's CEO Akio Toyoda described the new city as a "living laboratory" that will allow researchers, scientists and engineers to test emerging technology in a "real-life environment." A digital mock-up shows small autonomous vehicles operating alongside pedestrians. "With people buildings and vehicles all connected and communicating with each other through data and sensors, we will be able to test AI technology, in both the virtual and the physical world, maximizing its potential," he said on stage during Tuesday's unveiling.


How Robo-Advisors Boost Your Business Making Better Than Human

#artificialintelligence

You may have to pay to speak to a real person when you agree to hybrid human-robo management. Technically, you are always in charge of your finances, but you may not be willing to hand over your portfolio's reigns to a robot. A robo-advisor may not be a great fit if you want a more hands-on approach to online guidance. Even an algorithm is still the most sophisticated computer algorithm. It can't sit with you, it can't explain anything to you, and it can't listen to your future dreams.


Focusing on mobility, Toyota looks to lead the world in smart city technology

The Japan Times

With its ambitious project to build Woven City -- a fully-connected, human-centered city at the base of Mount Fuji -- Toyota Motor Corp. aims to become a world leader in smart city technology. The COVID-19 pandemic has prompted a rethink of how people move and live, and has reinforced the need to create technology that supports "happy, healthy" human life, says Toyota Chief Digital Officer James Kuffner. "Woven City is not meant to be a technology bubble where the technology stays only within Woven City. It's really meant to be a place where we incubate it, test it, accelerate it and then export it all over the world," Kuffner said in a recent interview. For countries like Japan, addressing the challenges posed by the graying of society -- such as mobility and healthy living -- is an urgent task.