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Fashion tech investment grew 66% during pandemic

#artificialintelligence

Investment in fashion-related technology increased by 66% during the pandemic, according to research by The Business of Fashion and McKinsey. The report found that the value of the top 50 investments in fashion-related technology across the past year, either by fashion retailers or businesses that sell products and services to fashion-related companies, has increased by 66% to $16.2bn since 2019, indicating an increase of capital put into technology in the fashion sector. According to The Business of Fashion and McKinsey, around 55% of these investments went towards ecommerce technology, while the rest was mostly put into payments technology, buy-now-pay-later tech and social commerce. Investment in resale technology, supply chain and logistics management, non-fungible tokens, and virtual reality companies closely followed. Imran Amed, founder and CEO of The Business of Fashion, said: "The pandemic cemented technology's critical role in the fashion industry, particularly in terms of ecommerce adoption. But now the industry must lean even further into new technologies by experimenting in the metaverse, embedding fully digitised workflows across their organisations and investing in traceability tools to help them reach sustainability targets. Those who choose to wait on the sidelines risk being left behind."



AI-powered smart glasses for the blind can read and recognize faces

#artificialintelligence

'Everyone is entitled to live in a world without boundaries,' says Karthik Kannan, co-founder of a company called Envision that designs smart glasses for blind and visually impaired users. 'Our mission is to improve the lives of the world's two billion people who are blind or visually impaired by providing them with life-changing assistive technologies, products and services.' Developed on the Enterprise Edition of Google Glass, the smart glasses harness the power of artificial intelligence to extract different kinds of information from images then speak it back to users in over 60 different languages. With its 8MP camera, the glasses can scan digital and handwritten text from any surface such as books, letters or labels and turn it into speech. The device can also give detailed descriptions of outdoor scenes and make private and secure video calls to trusted users.


Ten HR Trends In The Age Of Artificial Intelligence

#artificialintelligence

The future of HR is both digital and human as HR leaders focus on optimizing the combination of human and automated work. This is driving a new priority for HR: one which requires leaders and teams to develop a fluency in artificial intelligence while they re-imagine HR to be more personal, human and intuitive. As we enter 2019, it's the combination of AI and human intelligence that will transform work and workers as we know it. For many companies the first pilots of artificial intelligence are in talent acquisition, as this is the area where companies see significant, measurable, and immediate results in reducing time to hire, increasing productivity for recruiters, and delivering an enhanced candidate experience that is seamless, simple, and intuitive. One company that has delivered on this is DBS Bank.


'Nanomagnetic' computing can provide low-energy AI

#artificialintelligence

The new method, developed by a team led by Imperial College London researchers, could slash the energy cost of artificial intelligence (AI), which is currently doubling globally every 3.5 months. In a paper published today in Nature Nanotechnology, the international team have produced the first proof that networks of nanomagnets can be used to perform AI-like processing. The researchers showed nanomagnets can be used for'time-series prediction' tasks, such as predicting and regulating insulin levels in diabetic patients. Artificial intelligence that uses'neural networks' aims to replicate the way parts of the brain work, where neurons talk to each other to process and retain information. A lot of the maths used to power neural networks was originally invented by physicists to describe the way magnets interact, but at the time it was too difficult to use magnets directly as researchers didn't know how to put data in and get information out.


RIMA, the European robotics network for Inspection and Maintenance

Robohub

The Inspection and Maintenance (I&M) Industry represents a large economic activity spanning across multiple sectors such as energy, oil & gas, water supply, transport, civil engineering, and infrastructure. RIMA project aims at bringing together Digital Innovation Hubs and Facilitators operating under a common network that allow them to join forces and competences in promoting I&M robotics in Europe. The BIS Research projects' analysis of the Inspection and Maintenance Robot Industry forecasts that the I&M market will grow at a significant CAGR of 12.73% on the basis of value from 2020 to 2025. In 2019, Europe dominated the 40% of the global inspection and maintenance robot market (BIS322A, Mar 2020). Although the European Union hosts most of the I&M robotics offer – being France, Germany, and Spain (and U.K. until 2021 Brexit) the leading manufacturing countries, there is still a bottleneck connecting this offer to the market and high potential applications.


Indian Coder With AI-based Fitness Solution For Mobiles Wins 'HackerCamp'22'

#artificialintelligence

New Delhi, May 4: As India prepares the next-generation of coders, Amit Kumar, a data scientist at cure.fit, won the virtual'HackerCamp'22' for his idea of bringing computer vision, sensors and AI-based Fitness solutions to mobile devices, its organisers said here on Wednesday. Healthcare technology company Innovaccer, along with Microsoft and conversational messaging platform GupShup, organised'HackerCamp'22' -- one of the largest coding events that brought together ideas ranging from Augmented Reality/Virtual Reality, Blockchain, Artificial Intelligence, big data analytics and more from over 50,000 coders. The winners received incubation opportunities, cash prizes and other packages worth more than Rs 12 Lakh. While Kumar won in the professionals' track category, the winner of the freshers' track was Vishwas Modi, a B.Tech student at LNMIIT, Jaipur, for his'intelligent yoga trainer' with Leaderboard. "HackerCamp'22 opens the path for the tech wizards of the new age, offering them a platform to demonstrate their innovative ideas," said Ankit Maheshwari, President, R&D and India operations at Innovaccer.


7 Incredible Mixed Reality Solutions to Review in 2022

#artificialintelligence

Mixing the real and virtual worlds to create something completely new, mixed reality is one of the least explored parts of today's immersive environments. While we have just begun to scratch the surface of mixed reality with AR (Augmented Reality), there is still a lot of work to do before we see a fully customized MR experience in the everyday world. Mixed Reality goes beyond the basics of AR to make the virtual and real worlds more connected and aligned than ever before. Creating a true mixed reality experience requires access to cutting-edge software and hardware, as well as endless creativity and intuition. Fortunately, there are a handful of companies in the MR space that are starting to make waves in the industry.


The Chief Scientist of Reality Labs Describes a New Compute Architecture for True AR Glasses

#artificialintelligence

Speaking at the IEDM conference late last year, Meta Reality Labs chief scientist Michael Abrash described the company's analysis of how contemporary compute architectures will need to evolve to make the AR glasses of our sci-fi concepts possible. While there are a few AR'glasses' on the market today, none of them are actually the size of a normal pair of glasses (even a bulky pair). The best AR headsets available today--the likes of the HoloLens 2 and Magic Leap 2--are still closer to goggles than glasses and are too heavy to be worn all day (not to mention the look you'll get from the crowd). If we're going to build AR glasses that are actually shaped like glasses, with all-day battery life and the features needed to compelling AR experiences, it'll need a series of radical improvements--and Paradigm shifts in some cases--both in hardware [...] and software," says Michael Abrash, chief scientist at Reality Labs, Meta's XR organization. That is to say: Meta doesn't believe that its current technology--or anyone's for that matter--is capable of delivering the sci-fi specs that every AR concept video imaginable. But, the company thinks it knows where things need to go for this to happen. Speaking at the IEDM 2021 conference late last year, Abrash laid out the case for a new compute architecture that could actually meet the needs of glasses-sized AR devices. The main reason for rethinking how computing should be handled on these devices is the need to reduce power consumption enough to meet battery life and heat requirements. "How can we radically improve the power efficiency [of mobile computing devices] by a factor of 100 or 1,000?" he asks. "This will require a thorough system-level rethinking of the full stack, along with end-to-end co-design of hardware and software.


Covid-19 news: Cognitive impairment equivalent to 20 years of ageing

New Scientist

Covid-19 can cause lasting cognitive and mental health issues, including brain fog, fatigue and even post-traumatic stress disorder. To better understand the scale of the problem, researchers at the University of Cambridge analysed 46 people who were hospitalised due to the infection between March and July 2020. The participants underwent cognitive tests on average six months after their initial illness. These results were compared against those of more than 66,000 people from the general population. Those hospitalised with covid-19 scored worse on verbal analogical reasoning tests, which assess an individual's ability to recognise relationships between ideas and think methodically. They also recorded slower processing speeds. Previous studies suggest glucose is less efficiently used by the part of the brain responsible for attention, complex problem-solving and working memory after covid-19. Scores and reaction speeds improved over time, however, any recovery was gradual at best, according to the researchers. This cognitive impairment probably has multiple causes, including inadequate blood supply to the brain, blood vessel blockage and microscopic bleeds caused by SARS-CoV-2 virus, as well as damage triggered by an overactive immune system, they added. "Around 40,000 people have been through intensive care with covid-19 in England alone and many more will have been very sick, but not admitted to hospital," Adam Hampshire at Imperial College London said in a statement. "This means there is a large number of people out there still experiencing problems with cognition many months later." The biological mechanism behind a rare and severe covid-19 response seen in some children may have been uncovered by researchers at the Murdoch Children's Research Institute in Melbourne, Australia. Doctors have so far been unable to identify why some children develop multisystem inflammatory syndrome (MIS) in response to covid-19, which can cause symptoms such as fever, abdominal pain and heart disease.