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Element AI Joins Partnership on AI to Shape and Design Best Practices

#artificialintelligence

MONTREAL--(BUSINESS WIRE)--Element AI, an artificial intelligence company that delivers groundbreaking AI solutions, today announced it has joined the Partnership on AI (PAI) to design best practices and principles that will promote fairness, safety, transparency, and positive social impact. PAI's goals are to study and formulate best practices on the development, testing, and fielding of AI technologies while advancing the public's understanding of AI. Its mission is to serve as an open platform for discussion and engagement about AI and its influences on people and society as well as identifying and fostering aspirational efforts in AI for socially beneficial purposes. Amazon, Apple, Google/DeepMind, Facebook, IBM and Microsoft founded the partnership to bring different, valuable perspectives to its efforts through the inclusion of innovative companies like Element AI. According to a statement released by the Partnership on AI, "We actively designed the Partnership on AI to bring together a diverse range of voices from for-profit and non-profit, all of whom share our belief in the tenets and are committed to collaboration and open dialogue on the many opportunities and rising challenges around AI." In addition to Element AI, another world renown company to join PAI is Element AI Series A investor NVIDIA along with other prestigious companies including: Accenture, Association for Computer Machinery, AI Now, Amnesty International, Article 19, Berkeley CHAI, doteveryone, Fraunhofer IAO, Future of Life Institute, Hastings Center at Yale University, Hong Kong University Electronic & Computer Engineering, Markkula Center for Applied Ethics, Omidyar Network, Oxford Internet Institute and Tufts HRI Lab.


Microsoft's speech recognition system hits a new accuracy milestone

#artificialintelligence

Microsoft announced today that its conversational speech recognition system has reached a 5.1% error rate, its lowest so far. This surpasses the 5.9% error rate reached last year by a group of researchers from Microsoft Artificial Intelligence and Research and puts its accuracy on par with professional human transcribers who have advantages like the ability to listen to text several times. Overall, researchers from the latest study reduced the error rate by about 12 percent compared to last year's findings by improving the neural net-based acoustic and language models of Microsoft's speech recognition system. Microsoft's speech recognition system is used in services like Cortana, Presentation Translator and Microsoft Cognitive Services.


Investors are losing out on billions because tech stocks don't pay dividends

USATODAY

If Alphabet, Amazon and Facebook (along with Berkshire Hathaway) paid shareholder dividends at the 2.37% average yield of other S&P 500 companies that do so, it would shake out another $32.2 billion for investors, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. How to choose a smart speaker More: Here's one way Google envisions search changing for you But don't expect these tech companies to pay a dividend anytime soon. "During the 1990s, tech didn't typically pay dividends and they drove the stock market back then," said Kim Forrest, senior equity analyst at Fort Pitt Capital. The S&P tech sector had a dividend yield of 1.36% during the third quarter, the lowest of the 11 sectors and well below the overall S&P 500 of 1.97%, according to Silverblatt.


Apple is dropping Bing in favor of Google in Siri, Spotlight on Mac

ZDNet

Apple announced today that it is switching from Bing to Google as the Web search provider for Siri, Search within iOS and Spotlight on Mac. Apple officials did say they will continue to use Bing Web image search results in Siri, noted TechCrunch, citing an Apple statement sent to the outlet. In 2013, Microsoft and Apple struck a deal to make Bing the backup Web search engine in Siri. In 2014, Microsoft and Apple struck a related deal to make Bing the default Web search engine for Spotlight on the Mac and iOS 8.


Amdocs Launches Smartbot to Bring Intelligent Bot-to-Human Customer Experiences to Digital Services Providers

@machinelearnbot

ST. LOUIS September 12, 2017 Amdocs (NASDAQ: DOX), a leading provider of software and services to communications and media companies, is launching Smartbot, an artificial intelligence (AI) and machine learning-based bot that enables digital service providers (DSPs) to provide customer care, sales and marketing engagements to even the most discerning millennial. Amdocs Smartbot with Microsoft Cognitive Services, specifically Microsoft Language Understanding Intelligent Service and Text Analytics API, provides leading DSPs with the ability to transform how they deliver highly personalized, self-service interactions with customers that are simple, quick and helpful. "With Microsoft Cognitive Services at its core, Amdocs Smartbot provides digital service providers (DSPs) with industry-specific context, natural language, emotion, sentiment and usability that supports our mutual customers in the communication and media industry, said Nagu Rangan, senior product marketing manager, Microsoft Azure, Microsoft Corp. "We're pleased to work with Amdocs to help shape the speed of adoption of the next generation customer care services DSPs will deliver." These risks include, but are not limited to, the effects of general economic conditions, Amdocs' ability to grow in the business markets that it serves, Amdocs' ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market.


Huawei announces Microsoft cloud apps partnership

ZDNet

Huawei Cloud already provides Windows Server and Microsoft RDS for SQL Server, with Huawei now set to bring more Microsoft enterprise products online. The Microsoft 365 Enterprise E3 and E5 offerings contain Windows 10 Enterprise, Office 365 Enterprise, and Enterprise Mobility Security, which includes Azure Active Directory Premium, Intune, Azure Information Protection Premium, Cloud App Security, and Advanced Threat Analytics. The Redmond-based tech giant then attributed its strong financial results in July to growth in its cloud business segment; Q4 revenue in Intelligent Cloud was $7.4 billion, a year-on-year increase of 11 percent. Within that, server products and cloud services revenue increased by 15 percent, driven by Azure revenue growth of 97 percent.


Amazon's Alexa to chat up Microsoft's Cortana

Daily Mail

Alexa customers will be able to access Cortana's unique work-related features like booking meetings, accessing work calendars, and reading work emails. Bezos raised the idea with Nadella in May 2016 at Microsoft's annual CEO summit in Seattle, then initiating it further by forwarding Nadella a draft of a news release describing how Alexa and Cortana could work together Amazon and Microsoft have been coordinating behind the scenes to make their voice assistants communicate for over a year. Bezos raised the idea with Nadella in May 2016 at Microsoft's annual CEO summit in Seattle, then initiating it further by forwarding Nadella a draft of a news release describing how Alexa and Cortana could work together. Bezos raised the idea with Nadella in May 2016 at Microsoft's annual CEO summit in Seattle, then initiating it further by forwarding Nadella a draft of a news release describing how Alexa and Cortana would work together.


Google's voice assistant coming to speakers and appliances

Daily Mail

The AI - which rivals Apple's Siri, Amazon's Alexa, and Microsoft's Cortana - will now be found on a new set of third-party speakers and appliances, the company announced today at IFA the consumer electronics show in Germany. Google Assistant- which rivals Apple's Siri, Amazon's Alexa, and Microsoft's Cortana - will now be found on a new set of third-party speakers and appliances, the company announced today at IFA the consumer electronics show in Germany. Bezos raised the idea with Nadella in May 2016 at Microsoft's annual CEO summit in Seattle, then initiating it further by forwarding Nadella a draft of a news release describing how Alexa and Cortana could work together Amazon and Microsoft have been coordinating behind the scenes to make their voice assistants communicate for over a year. Bezos raised the idea with Nadella in May 2016 at Microsoft's annual CEO summit in Seattle, then initiating it further by forwarding Nadella a draft of a news release describing how Alexa and Cortana could work together.


Google and Microsoft Can Use AI to Extract Many More Ad Dollar from Our Clicks

WIRED

They talk less often about one of the most profitable, and more mundane, uses for recent improvements in machine learning: boosting ad revenue. A recent research paper from Microsoft's Bing search unit notes that "even a 0.1 percent accuracy improvement in our production would yield hundreds of millions of dollars in additional earnings." Google reported $22.7 billion in ad revenue for its most recent quarter, comprising 87 percent of parent company Alphabet's revenue. Google has reported steady growth in ad revenue for many years; Microsoft has called out strong growth in Bing search ad revenue and in average revenue per search in its past five quarterly earnings releases.


Amazon doesn't sweat competitors, but every other company needs to answer the Amazon question

ZDNet

Google and Walmart have teamed up on shopping, with a Google Assistant integration for Google Home. Under a deal last week, consumers with Google Home can buy Walmart products through the speaker. TechRepublic: Walmart taps Google Assistant for voice shopping, setting stage for future of commerce Amazon AI: The smart person's guide How to become an Alexa developer: The smart person's guide Apple is reportedly going to invest $1 billion in procuring original content and creating its own shows. Ever since Amazon announced plans to buy Whole Foods, the storyline that the e-commerce giant was going to take down brick-and-mortar has gone crazy.