If you are looking for an answer to the question What is Artificial Intelligence? and you only have a minute, then here's the definition the Association for the Advancement of Artificial Intelligence offers on its home page: "the scientific understanding of the mechanisms underlying thought and intelligent behavior and their embodiment in machines."
However, if you are fortunate enough to have more than a minute, then please get ready to embark upon an exciting journey exploring AI (but beware, it could last a lifetime) …
How Microsoft Is Making Big Impact With Machine Learning During the last two years, Microsoft has upped the ante on Machine Learning and Analytics. From hiring top notch data scientists to acquiring niche startups, Redmond has made all the right moves to transform Azure into one of the best analytics platforms. These investments have started to pay off for [...] During the last two years, Microsoft has upped the ante on Machine Learning and Analytics. From hiring top notch data scientists to acquiring niche startups, Redmond has made all the right moves to transform Azure into one of the best analytics platforms. These investments have started to pay off for [...]
In my role as an industry analyst, I get asked all the time about retailers' investment plans when it comes to artificial intelligence. My answer usually covers the two ways that AI figured into the average retail enterprise these days. One way comes through investments where the AI component is completely unknown to the retailer. Usually, we're talking about personalization or some kind of optimization technology that contains a machine learning or natural language processing component to it. Retailers want the sophisticated solution, but don't realize they are actually investing in what qualifies as AI.
SINGAPORE: Temasek International, the management arm of Temasek Holdings, is looking at transnational business-to-business (B2B) payments, fraud detection, as well as artificial intelligence as key areas of investment. Speaking at the Investors Summit on Friday (Nov 17), the president of Temasek International Chia Song Hwee said it will be emphasising on those areas over the next five years. "There is increased complexity and complication between various parties interacting in (the) social and commercial world," said Mr Chia, who is also chief operating officer of Temasek International. "What we want to focus on are the businesses or innovation of technology that will remove the friction in this complicated process." Mr Chia said that B2B payments have very high friction costs, or expenses that come with financial transactions in the form of fees, commissions and tax implications.
The high barrier to entry prevents many companies from tapping into the full potential of machine learning. But what if you could make it more accessible? We're in the midst of a data explosion, with today's enterprises amassing goldmines of information (25 quintillion bytes of data every day, according to some reports). But what exactly are they doing with this data? Considering the volume of data being collected is quickly becoming unmanageable, now is a good time to shift from manual machine learning to a cognitive approach.
"Anyone who wants to be 100% sure, will be 100% late." I heard this sentence recently at the IoT Forum in Munich. It is a very good summary of the feeling that is emerging in the debate on Industry 4.0. The buzzword battles of the past 48 months seem to be just that; buzzword battles. Stakeholders seem to be stuck waiting for the proposition with guarantees.
Manufacturing bosses are holding back on 4IR investment over uncertainties about ROI. AI, machine learning, sensors and automation technology will boost Britain's competitive edge in global commerce, yet a lack of skills stands in the way of immediate investment, new research has found. A study from Barclays Corporate Banking has shown that 83% of manufacturers are confident about Britain's ability to compete in the international marketplace over the next five years, with two-fifths attributing their optimism to fourth industrial revolution (4IR) technologies including AI. Just over half (51%) of manufacturers report smart technology has improved productivity, yet 43% have not invested in 4IR at all. One in five decision makers said they were not clear on what the return on investment would be, with one in three citing a dearth of information on tangible benefits of AI and machine learning as a main drawback.
Billionaire philanthropist Bill Gates has purchased nearly 25,000 acres of land in southwestern Arizona for the construction of a brand-new "smart city," AZ Central reports. In conjunction with Belmont Partners, who holds the property, Gates's investment firm Cascade Investment LLC has committed $80 million to build a community composed of offices, stores, schools, and homes. The community will be known as Belmont. Roughly 3,800 of the 24,800 acres will be devoted to office, commercial, and retail space, according to Belmont Partners, while 470 acres will be set aside for public schools. The new community will feature 80,000 residences, giving it a population of about 182,000, comparable to that of Tempe, Arizona.
Algorithmia started out as an online marketplace for -- can you guess it? Many of these algorithms that developers offered on the service focused on machine learning (think face detection, sentiment analysis, etc.). Today, with the boom in ML/AI, that's obviously a big draw and Algorithmia is now taking its next step in this direction with the launch of a new service that helps data scientists manage and deploy their machine learning models -- and share them with others inside their companies. This basically means that the company is turning some of the infrastructure and services it built to run these models itself into a new product. "Tensorflow is open-source, but scaling it is not," said Kenny Daniel, co-founder and CTO of Algorithmia, in today's announcement.
Singapore has announced a slew of initiatives aimed at driving the development and adoption of new technologies in the financial sector, including a S$27 million (US$19.85 million) investment in artificial intelligence (AI). The Monetary Authority of Singapore (MAS) said the monies would go towards a new AI and Data Analytics (AIDA) grant to facilitate the deployment of these technologies amongst financial institutions operating in the country. These organisations would be able to tap the grant to subsidise up to 50 percent of the cost of projects that used AI and data analytics to glean insights and and support their decision-making process. These could include techniques such as machine learning, natural language processing or text analytics, and neural networks. Applicants would need to demonstrate the impact of such initiatives on their workforce and develop relevant training programmes, which could include equipping their employees with new analytics skillsets.
It is expected that, through this investment, cooperation between two companies will be improved in the field of future technology, such as artificial intelligence (AI) and a support system for small business owners. Woowa Bros will focus on securing and strengthening future industry competitiveness, such as artificial intelligence technology and autonomous navigation robot technology. Naver is testing the process of ordering food through AI speakers using the voice recognition function. Besides its commission-free delivery app, Baedal Minjok, Woowa Bros is also running the premium dining delivery service, Baemin Riders, and side dish delivery service, Baeminchan. In the beginning of this year, Woowa Bros launched its own AI Project called Baemin David, and is being recognized as an industry leader who is actively responding to future technologies.