Asia


Artificial Intelligence Market Growing at a CAGR of 36.6% and Expected to Reach $190.61 Billion by 2025 - Exclusive Report by MarketsandMarkets

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According to the new market research report "Artificial Intelligence Market by Offering (Hardware, Software, Services), Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision), End-User Industry, and Geography - Global Forecast to 2025", published by MarketsandMarkets, the Artificial Intelligence Market is expected to be valued at USD 21.5 billion in 2018 and is likely to reach USD 190.6 billion by 2025, at a CAGR of 36.6% during the forecast period. Major drivers for the market are growing big data, the increasing adoption of cloud-based applications and services, and an increase in demand for intelligent virtual assistants. The major restraint for the market is the limited number of AI technology experts. Critical challenges facing the AI market include concerns regarding data privacy and the unreliability of AI algorithms. Underlying opportunities in the artificial intelligence market include improving operational efficiency in the manufacturing industry and the adoption of AI to improve customer service.


China: Listed micro-loan provider works with InsurTech firm

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In a statement, CLDC says that it will work with Rui Xin to develop a consumer financial platform. CLDC expects to provide value-added consumer financial services to insurance consumers of Rui Xin and its partners. In addition, CLDC and Rui Xin will explore opportunities for collaboration in areas such as insurance consumer acquisition, development of insurance products, expansion of insurance business, and customisation of consumer financial solutions. Moreover, CLDC will benefit from Rui Xin and its partners' advanced technological capabilities in big data and artificial intelligence to improve its risk management and enhance its customer experience. In its turn, Rui Xin will be able to explore new business opportunities and increase its competency to eventually expand its customer base in the insurance industry by benefiting from CLDC's financial service expertise, bank credit facility resources, and client base in certain regional markets.


Japanese scientists use AI to detect gastric cancer early

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Scientists at Okayama University in Japan have developed an artificial intelligence (AI)-based endoscopic diagnosis system for the early identification of gastric cancer. Early-stage gastric cancer can be treated using surgical gastrectomy procedures and endoscopic surgery (ESD), which can save the stomach. The use of endoscopy treatment or surgery is decided based the depth of cancer within the stomach wall. The treatment plan is decided after analysis of endoscopic images, said the researchers. To help in early detection of the cancer, the team developed a prototype of the AI endoscope using GoogLeNet to match purpose via the image identification capability of Convolutional Neural Network (CNN) published by Google on the MATLAB numerical analysis software.


Store featuring 'Astro Boy' creator Osamu Tezuka's manga characters opens in Tokyo

The Japan Times

A store themed around the work of "Astro Boy" manga artist Osamu Tezuka opened earlier this month in Tokyo's Asakusa district, putting an array of available products on display, from traditional Japanese crafts to artificial intelligence robots. The Tezuka Osamu Shop & Cafe is currently the only store, apart from the artist's memorial museum in western Hyogo Prefecture where he grew up, that sells character goods featuring his manga and anime, according to the shop's operator. With theme songs from his animation work playing in the background, the first floor displays approximately 300 types of merchandise, including wooden kokeshi (Japanese dolls) in the shape of characters including Astro Boy and his father figure Professor Ochanomizu, as well as ties featuring another masterpiece, "Phoenix," made in traditional Nishijin textiles. "Astro Boy" tells the stories of the adventures of a boy android with human emotions. The sci-fi manga series, serialized from 1952 to 1968 and also adapted into an animation series, has many fans in Asia and beyond.


Not going anywhere: How to handle the world's growing trash problem

The Japan Times

SINGAPORE/KUALA LUMPUR - The stench of curdled milk wafted from a shipping container of waste at Malaysia's Port Klang as Environment Minister Yeo Bee Yin told a group of journalists in May she would send the maggot-infested rubbish back where it came from. Yeo was voicing a concern that has spread across Southeast Asia, fueling a media storm over the dumping of rich countries' unwanted waste. About 5.8 million tons of trash was exported between January and November last year, led by shipments from the U.S., Japan and Germany, according to Greenpeace. Now governments across Asia are saying no to the imports, which for decades fed mills that recycled waste plastic. As more and more waste came, the importing countries faced a mounting problem of how to deal with tainted garbage that couldn't be easily recycled.


Forget Fido, cuddly 'Lovot' promises to be high-tech pet replacement

The Japan Times

Experience life with an endearing, big-eyed robot with lifelike features -- including artificial body temperature and affectionate personality -- that is being marketed as an alternative to pet ownership in Japan. At an event for families that kicked off Tuesday, several Lovot robots developed by Tokyo-based venture Groove X Inc. frolicked with visitors to the EQ House facility in Tokyo's Roppongi district. Upon entering the exhibition room, one of the 43-cm robots wheeled over to reporters and flapped its arms, beckoning to be held. Just like pets, the Lovot (yes, a combination of love and robot) develops a varying degree of attachment to people depending on the amount of care provided, such as gentle stroking or a hug. Once administered, the Lovot will in turn follow people around and beg for physical contact as a sign of affection, though it will stay away from those who treat it violently, Groove X officials say.



Strategic sovereignty: How Europe can regain the capacity to act

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As the world descends into geopolitical competition, other powers increasingly challenge European countries' ability to defend their interests and values. Russia is willing to weaponise energy supplies, cyber capabilities, and disinformation; China invests strategically and uses state capitalism to skew the market; Turkey instrumentalises migration; Saudi Arabia leverages its energy resources. And the Trump administration is willing to exploit European dependence on the transatlantic security alliance and the dollar to achieve short-term policy goals. What unites these disparate powers is their unwillingness to separate the functioning of the global economy from political and security competition. The EU has the market power, defence spending, and diplomatic heft to end this vulnerability and restore sovereignty to its member states.


China using artificial intelligence to build economy, monitor population

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Though much of the technology was developed in the United States, President Xi Jinping wants China to be the world's AI leader by 2030.July 12, 2019


A mind of its own: Russia unveils terrifying new AI 'superweapon'

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The race to incorporate artificial intelligence in modern weapons threatens to outstrip the technology's capabilities -- and the world's ability to control them. The Commander-in-Chief of Russia's air force, Viktor Bondarev, has told a gathering at the MAKS-2017 international airshow his aircraft would soon be getting cruise missiles with artificial intelligence capable of analysing their environment and opponents and make "decisions" about altitude, speed, course -- and targets. "Work in this area is under way," Russian news agency TASS reports Tactical Missiles Corporation CEO Boris Obnosov as adding. "As of today, certain successes are available, but we'll still have to work for several years to achieve specific results." While neither indicated which missiles were slated to get such enhanced artificial intelligence, there are two apparent contenders among the "super weapons" President Vladimir Putin bragged about last year: the "Avangard" hypersonic glide vehicle and the "Burevestnik" nuclear-powered cruise missile.