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) …
A Bangalore-based startup is claimed to have become the first company in the world to successfully complete a difficult 20-part challenge in Artificial Intelligence created by Facebook in 2015. Using a unique approach, DataVal Analytics successfully completed all 20 tasks of the test, known as the (20) QA bAbi Tasks, with 100 per cent accuracy. The test, hosted by Facebook AI Research (FAIR), assesses the ability of AI-based programs to perform text understanding and reasoning. According to a media release, DataVal Analytics, which has its head office in Chicago but operations office in Bangalore, has been founded by veterans from the Indian Army – Lt Col Shashi Kiran (Veteran) and Lt Col Naveen Xavier (Veteran). The team is mentored by the leading entrepreneur, innovator, policy maker and development thinker, Sam Pitroda as chairman.
Samsung Electronics has acquired South Korean startup Fluenty, which specialises in conversational artificial intelligence (AI). The acquisition, which was led by the South Korean tech giant's mobile business, will allow the company to integrate Fluenty's services to its own AI platform, Bixby. Fluenty, which was founded by former search giant Naver and Daum developers, has an app that suggests the best text reply based on AI technology. It was launched in the US in 2015 and South Korea last year. The service supports chat apps such as KakaoTalk, Telegram, Facebook Messenger, and Line.
Learn how to use Apache Hive to process Twitter data. The result is a list of Twitter users who sent the most tweets that contain a certain word. The steps in this document were tested on HDInsight 3.6. Linux is the only operating system used on HDInsight version 3.4 or greater. For more information, see HDInsight retirement on Windows.
Amazon Alexa is now available in Canada. Amazon announced today that its intelligent personal assistant is moving north for the holidays, along with three of the devices it powers: Echo, Echo Plus, and Echo Dot. Canada is the third country to receive Alexa -- it was previously only available in the U.S., the U.K., and Germany. Canadian users will get a tailor-made experience. Canadian Alexa is equipped with a Canadian accent, local knowledge, and functionality from Canadian developers.
Google announced today that its virtual assistant will now support two new languages -- Spanish for users in the US, Mexico and Spain as well as Italian for those in Italy. These languages will be rolling out over the next few weeks, according to Google, and while initially they'll only be available for Android, the company says iPhone support will be released later this year. With these additions, Google Assistant now supports a total of eight languages -- including English, Portuguese, French, German, Japanese and Korean -- in 12 countries around the world. While that puts Google's virtual assistant in line with Microsoft's Cortana, which also supports eight languages, ahead of Amazon's Alexa, which only supports German and a few versions of English, and ahead of Samsung's Bixby, which supports just English and Korean, it's still well behind Apple's Siri. Apple's assistant currently supports 20 languages -- quite a few more than any of its counterparts.
Research analysts are the most likely employees on Wall Street to find themselves working with--or being replaced by--robots, according to a survey by Greenwich Associates. By next year, some 75% of banks and financial firms will either explore or implement artificial intelligence technologies, harnessing a variety of digital services to extract insights from mountains of data. While AI is probably near the peak of its hype cycle, several factors have helped it gain traction in recent years, according to Greenwich. Billions of images and documents are now available online for training computers to spot patterns and other high-level tasks. Advances in graphical processing units, which are adept at the kind of data crunching required by AI, are making sifting through daunting datasets much easier.
Once the domain of large institutions with deep pockets, artificial intelligence is being adopted by RIAs and fee-based advisors to enhance the human connection with clients -- and gain an edge over the competition -- by transforming every aspect of the customer experience, from the front-end to the back office. Advisors say customer experience is a leading competitive advantage according to the latest Advisor Authority 360-degree Special Report on the DNA of the advisor-investor relationship. Ninety-four percent of RIAs and fee-based advisors say that the customer experience is important to their value proposition because it improves client retention. Both advisors and investors agree that building a personal one-on-one relationship is among the top factors to ensure success. And artificial intelligence is key.
Analytics leader SAS is helping customers gain more value from data with SAS Viya products, extending the value from the SAS Platform. These newest advances, such as embedded artificial intelligence (AI) capabilities, will further address the needs of organisations that are making analytics core to their business. A variety of industries, countries and organisation sizes have embraced SAS Viya products. With SAS, data scientists, analysts, developers, IT, domain experts and executives can all generate data-driven insights – from the same, consistent data, fostering greater collaboration and driving innovations faster. SAS continues to deliver new capabilities, such as image recognition, deep learning and natural language understanding into the SAS Platform.
As if active portfolio managers didn't have enough challenges from computer-driven passive investing strategies, now machines are directly horning in on their territory. San Francisco-based EquBot LLC is launching the first ever exchange-traded fund to use artificial intelligence, according to a company statement on Tuesday. Employing International Business Machines Corp.'s Watson platform, the AI Powered Equity ETF, ticker AIEQ, will attempt to mimic an army of equity research analysts working around the clock, according to Art Amador, co-founder of EquBot. "There has been an explosion of information," Amador said by phone. "AI provides a more informed way of investing."
If you're working in the creative industries and wondering whether artificial intelligence is going to affect your world – even take your job – you could do worse than talk to Chris Chong. He's one of that feted breed, the serial entrepreneur and that of course means failure as well as success. "The creativity of entrepreneurship is always trying to stand on the edge of madness and innovation," he told Spikes Asia 2017. That meant "trying to see where the world will be in two to three years, and trying to position a company so that it takes advantage of those emerging trends." Chong's latest project is SumoStory, built upon the emerging trend of AI capabilities, plus the frustrations that he has personally encountered as an entrepreneur.