Europe


AI Will Drive The Multi-Trillion Dollar Longevity Economy

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AI for Longevity has more potential to increase healthy Longevity in the short term than any other sector. The application of AI for Longevity will bring the greatest real-world benefits and will be the main driver of progress in the widespread extension of healthy Longevity. The global spending power of people aged 60 and over is anticipated to reach $15 trillion annually by 2020. The Longevity industry will dwarf all other industries in both size and market capitalization, reshape the global financial system, and disrupt the business models of pension funds, insurance companies, investment banks, and entire national economies. Longevity has become a recurring topic in analytical reports from leading financial institutions such as CitiBank, UBS Group, Julius Baer, and Barclays.



Finland seeks to teach 1% of Europeans basics on artificial intelligence - Reuters

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TALLINN, Dec 10 (Reuters) - Finland, which holds the rotating EU presidency until the end of the year, said on Tuesday it aims to teach 1% of all Europeans basic skills in artificial intelligence through a free online course it will now translate into all official EU languages. The European Union is pushing for wide deployment of artificial intelligence across the bloc, to help European companies catch up with rivals in Asia and the United States. "Our investment has three goals: we want to equip EU citizens with digital skills for the future, we wish to increase practical understanding of what artificial intelligence is, and by doing so, we want to give a boost to the digital leadership of Europe," said Finnish Minister of Employment Timo Harakka. "As our Presidency ends, we want to offer something concrete. It's about one of the most pressing challenges facing Europe and Finland today: how to develop our digital literacy," Harakka said in a statement.


AI in retail: Survival depends on getting smart

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The retail sector is the poster child for the use of artificial intelligence. Self-driving delivery robots, automated warehouses, intelligent chatbots, personalized recommendations, and deep supply chain analytics have been making significant impact on the bottom line -- if you're Amazon.com. Other retailers, however, are struggling to adapt. In fact, only 19 percent of large retailers in the U.S., UK, Canada and Europe have deployed AI and are using it in production, according to Gartner. Get the latest insights with our CIO Daily newsletter.


Artificial Neural Networks are Reconstructing Human Thoughts in Realtime

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Earlier this year, researchers from Russia's Neurobotics Corporation and a team at the Moscow Institute of Physics and Technology worked out how to visualize human brain activity by mimicking images observed in real-time. This breakthrough in artificial neural network technology usage will eventually enable post-stroke rehabilitation devices that will be controlled by signals from the brain. The team uploaded their research via a'preprint' on the bioRxiv website and also shared a video that showcased their'mind-reading' device at work. To develop devices that can be controlled by the human and treatments for cognitive disorders or post-stroke rehabilitation, neurobiologists must have an understanding of how the brain encodes data and information. A critical development in the creation of these technologies is the ability to study brain activity using visual perception as a marker.


Don't Panic about AI

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According to legend, the medieval philosopher and Franciscan friar Roger Bacon created an all-knowing artificial brain, which he encased in a bronze, human-like head. Bacon, so the story goes, wanted to use the insights gleaned from this "brazen head" to make sure Britain could never be conquered. Following Bacon, a long-standing challenge for engineers and computer scientists has been to build a silicon-based replica of the brain that could match, and then exceed, human intelligence. This ambition pushes us to imagine what we might do if we succeed in creating the next generation of computer systems that can think, dream and reason for us and with us. Today there is little talk of brazen heads, but artificial intelligence seems to be everywhere.


Research highlights AI threat to UK legal profession

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The deployment of artificial intelligence (AI) and other advanced technologies could trigger a four per cent decline in the number of lawyers in England and Wales by 2027, according to a new report. The study warns AI could halt the historic year-on-year growth in the number of lawyers in its tracks, with the profession shrinking by 7,000 lawyers to 169,200 when compared to 2017. However, the decline would only happen if AI take-up was even faster than predicted. The report's baseline findings are that the number of lawyers is likely to rise by a modest two per cent over the period, although overall employment in the sector will fall by four per cent thanks to a sharp decline in the number of legal secretaries and other office support staff as their roles are taken over by technology. The report notes: "In 1998 there were two legal professionals to one legal secretary, and the ratio was one to one when adding in other office support staff, but by 2017 the ratios had increased to five legal professionals per legal secretary, and two legal professionals for every secretary or other office support worker. "In 2027, there are projected to be around 20 legal professionals per legal secretary, and five legal professionals for every secretary or other office support worker.


NHS data is a goldmine. It must be saved from big tech James Meadway

The Guardian

As a society, we are finally acquiring a healthy scepticism about the use and abuse of our personal information. New polling conducted by YouGov for the Institute for Public Policy Research shows that 80% of the public want to see tighter rules applied to how the likes of Facebook and Amazon use their data. Over the weekend, it was revealed that US pharmaceutical companies have already been sold data relating to millions of NHS patients and that Amazon, incredibly, has been given free access to NHS data Hidden away in the secret US-UK trade papers, leaked and revealed by Labour in November, is perhaps the biggest single threat to public data yet seen. Instead of the encroaching privatisation of publicly held data, we should be looking to create a "digital commons" The potential threat to the NHS from a post-Brexit US trade deal is clear, and has become a major election talking point. But alongside the well-known dangers of accelerating privatisation and drug price hikes, there are risks to one of the UK's most prized publicly owned resources.


Finnish specialist helps make artificial intelligence human-centric - thisisFINLAND

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Data is being collected, analysed and utilised everywhere. Artificial intelligence algorithms process data to produce automated decisions, recommendations and services. New artificial intelligence applications are springing up at an accelerating pace. "Our positive expectations regarding the data economy won't come true if citizens and consumers do not trust that artificial intelligence is used to drive human wellbeing," Haataja says. In the future, the competitiveness of companies and countries will depend to a great extent on their ability to utilise data and artificial intelligence.


AI Collaboration Forum

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Is my organisation a member? The Whitehall & Industry Group's AI Collaboration Forum will bring together a wide audience from our 230 members, spanning the private, public and not-for-profit sectors, as well as academic institutions. Supported by the Office for Artificial Intelligence and kindly hosted by EY. The agenda will explore the vital role of cross-sector collaboration to ensure the endless possibilities of AI are harnessed and regulated effectively, generating maximum positive economic and societal impacts for the UK. Holding a BSc in Computer Science and an MBA from the Massachusetts Institute of Technology, Sana Khareghani has over 20 years' experience in technology and business across the private and public sectors.