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New Redwood Software Research Reveals Market Giants Open up about Their Move towards Automation

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BURNHAM, United Kingdom--(BUSINESS WIRE)--Oct 22, 2018--Large-scale organisations are becoming increasingly open about the implementation of artificial intelligence (AI), robotic and automation technologies, according to research announced today by Redwood Software. Analysing the 2017/2018 annual reports of all 100 publically listed companies, 39 per cent mentioned the use of automation across the business, 34 per cent cited AI and 21 per cent of the reports nodded to the use of robotics. In comparison to last year's results, mentions of robotics were up 162 per cent, while references to AI more than tripled, highlighting a 386 per cent increase year-on-year. While all three technologies were raised across the reports for a variety of reasons, insurance company Aviva said it was looking to both AI and robotic automation to increasingly transform the efficiency of operations, as well as transform the customer experience. Meanwhile, online British supermarket Ocado mentioned AI, robotics and automation are helping drive innovation and create a sustainable technological advantage in an increasingly competitive market.


US DOT tells self-driving shuttle company to stop transporting kids

Engadget

Sorry kids, neither you nor robots can be trusted. The US Department of Transportation's National Highway Traffic Safety Administration (NHTSA) has told Transdev North America to stop hauling children around in its EZ10 Generation II autonomous shuttles in Babcock Ranch -- a community in Southwest Florida. It seems that the NHTSA has some safety concerns. "Using a non-compliant test vehicle to transport children is irresponsible, inappropriate, and in direct violation of the terms of Transdev's approved test project," NHTSA Deputy Administrator Heidi King said in a press release. Earlier this March, NHTSA approved Transdev to test and demonstrate its autonomous shuttles.


I'm worried Artificial Intelligence could make us stupid

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Once upon a time if I wanted to find my way to somewhere unfamiliar, I would have pulled out a map and plotted my route. These days I just put the destination into my smartphone and let it make all the decisions. Is this a simple, practical thing to do or, by relying on increasingly smarter phones, are we allowing them to make us, day by day, a little bit dumber? I've spent the last few days at an international conference on artificial intelligence pondering just this question. We were discussing, among other things, the effect that the rise of machine intelligence is having on our brains.


Accenture Beefs Up Financial Services Muscle With TargetST8 Buy

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Accenture has acquired a financial services firm that specializes in using artificial intelligence and robotic process automation in corporate and commercial lending, the company said Wednesday. TargetST8 Consulting, which was founded in 2013, focuses exclusively on the financial markets, serving banks and investment firms in the U.S. and Europe, Accenture said. TargetST8 provides customers with digital lending solutions that include deploying artificial intelligence and robotic process automation, according to Accenture. "TargetST8 consultants are known for their deep expertise, innovative digital solutions and outstanding project delivery--particularly in their implementation of Finastra's Loan IQ solution," said Alan McIntyre, who leads Accenture's banking practice globally. "The addition of TargetST8 will enhance our ability to help our commercial and corporate lending clients improve their processes and transform their businesses."


Paul Allen's Stratolaunch, completes test days after his death

Daily Mail

The world's largest plane, Stratolaunch, has a completed a key taxi test ahead of taking to the skies for the first time. The gigantic plane, which is the vision of late Microsoft co-founder Paul Allen, is believed to be close to its first flight after reaching a record-breaking 90mph during medium-speed taxi testing at the Mojave Air & Space Port. Allen died Monday in Seattle from complications of non-Hodgkin's lymphoma, aged 65. The massive plane has a wingspan longer than a football field and comes equipped with two cockpits, 28 wheels and six engines normally used to power 747 jumbo jets. Eventually it will be used to transport rockets carrying satellites and even a newly revealed manned space plane into the Earth's upper atmosphere, where they will blast off into space.


Meet the CHUGBOT: Robotic hand that can catch a beer and crush it could revolutionize prosthetics

Daily Mail

Scientists have developed what could turn out to be the most lifelike robotic prosthetic hand yet. The technology, developed by researchers from Cornell University, takes a page from the machinery used in a car to give the robotic arm dexterity that's comparable to a human. And to demonstrate this, the hand was able to nimbly catch a can of beer and even crush it with remarkable strength. Researchers created a life-like robotic prosthetic hand that uses a'transmission' to allow it to alternate between strength and speed. The transmission, which they call an elastomeric passive transmission, is essentially a cylindrical spool with a'tendon' wrapped around it.


Meet the roboprofessor: Bina48 teaches a philosophy course at West Point military academy

Daily Mail

Your next professor could be a robot. Bina48 became the first robot to co-teach a university class when she helped lead a course at West Point, the U.S. Military academy, according to Axios. The humanoid AI taught two sessions of a philosophy course, with topics ranging from ethics, just war theory and use of artificial intelligence in society, which is pretty meta. Bina48 (pictured) became the first robot to co-teach a university class when she helped lead a course at West Point, the U.S. Military academy. William Barry, who has been using Bina48 to teach for several years, decided to put the robot in front of students in the classroom to see if she could'support a liberal education model.'


All hail our new robot overlords… and the jobs they will create

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Huawei is not afraid to address the elephant in the room. When US mobile carrier AT&T pulled out of a deal to sell the Mate 10 Pro in January, the CEO of Huawei's consumer business unit, Yu Chengdong (Richard Yu), went off-script at the end of his CES 2018 keynote and tackled the topic head-on. Similarly, when Huawei made artificial intelligence the central theme of its annual Huawei Connect conference in Shanghai, rotating chairman Xu Zhijun (Eric Xu) was quick to bring up the topic of jobs in his opening speech. Concern that robots would replace human workers was a recurring topic throughout Huawei Connect 2018. Speakers addressed the issue during product launches, technical presentations, and panel discussions, offering varying perspectives around the fundamental impact AI will have on the nature of (human) work.


Video shows devastating damage drones can inflict on planes

FOX News

File photo - An airplane flies over a drone during the Polar Bear Plunge on Coney Island in the Brooklyn borough of New York Jan. 1, 2015. A video produced by the University of Dayton Research Institute shows in alarming detail what happens when a drone collides with a plane. The test, which mimicked a midair collision at 238 mph, launched a 2.1-pound DJI Phantom 2 quadcopter into the wing of a Mooney M20 aircraft. Experts from UDRI's Impact Physics group note that the drone did not shatter on impact, but tore open the wing's leading edge, damaging its main spar. "While the quadcopter broke apart, its energy and mass hung together to create significant damage to the wing," explained Kevin Poormon, group leader for impact physics at UDRI, in a statement.


Mystery of how a tiny dandelion seed can fly up to 500 miles is solved

Daily Mail

Tiny dandelion seeds have been known to waft up to 500 miles (800km) just using the power of the wind. Now scientists have found out their secret and say their super efficient mini parachutes could revolutionise designs for remote-controlled stealth drones. Never-before-seen air bubbles that surround the seeds on the yellow-flowered weed are believed to be the secret to one of'nature's best flyers'. Dandelion seeds are said to be four times more efficient than what is currently possible with man-made parachute designs. Tiny dandelion seeds have been known to waft up to 500 miles (800km) just using the power of the wind.