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 well do Robinhood's financials stack up against incumbent online brokerages? While we wait for the seven-year-old company's long-planned IPO, Alex Wilhelm examined Morgan Stanley's big $13 billion purchase of E-Trade for fresh data comparison points. Robinhood has 10 million accounts -- twice what E-Trade has -- but it also appears to make much less money per user and has far fewer assets under management, as he covered for Extra Crunch. So while its fee-free approach has destroyed a key revenue stream for competitors, it still has to grow its own "order-flow" business into its private-market valuation. One solution is to make the platform stickier via social features.
Today's global sanctions regimes have arguably never been more challenging for organisations to ensure they remain compliant and have the required screening processes and procedures in place. Over the past decade, trade and economic sanctions have become an ever more popular tool of foreign policy in an increasingly uncertain geo-political climate. Aside from country-specific sanctions, such as those against Iran, Russia, North Korea, etc, more targeted regulations focus upon particular businesses or individuals. As a result, national and international AML, screening and anti-fraud obligations have increased in both scope and complexity. Failure to comply with sanctions and money laundering obligations, can result in severe financial and reputational costs.
WELLINGTON – Mike Moore, who served as New Zealand's prime minister before leading the World Trade Organization during a tumultuous time when thousands protested in Seattle riots, died early Sunday. He died at his home in Auckland, his wife Yvonne Moore said. He had suffered a number of health complications since having a stroke five years ago. Moore was an advocate for both advancing the rights of blue-collar workers and for expanding international trade, a combination which, to some, seemed at odds with itself. Although he had a long political career in New Zealand, Moore's tenure as prime minister was brief: just two months in 1990 before he was defeated in an election.
TEHRAN – The European Union's foreign affairs chief is traveling to Iran to meet with the country's leaders, the Iranian official news agency said on Sunday, amid high regional tensions. The visit is seen as the latest move by the EU to save the 2015 nuclear deal between Tehran and world powers. Tensions between Iran and the U.S. have steadily risen since President Donald Trump withdrew from the nuclear agreement and re-imposed sanctions on Iran in 2018. Tehran has responded by gradually rolling back its commitment to the deal. Josep Borrell will meet with Iranian Foreign Minister Mohammad Javad Zarif and other Iranian officials on Monday, according to IRNA.
LONDON – British Prime Minister Boris Johnson on Monday insisted the U.K. can have technological progress while preserving national security, as he prepared to approve a role for Chinese telecom giant Huawei in developing its 5G telecom network despite strong U.S. opposition. Johnson spoke after U.S. Secretary of State Mike Pompeo on Sunday tweeted: "The UK has a momentous decision ahead on 5G." The United States has banned Huawei from the rollout of its next generation 5G mobile networks because of concerns -- strongly denied -- that the firm could be under the control of Beijing. With Washington heaping pressure on Johnson to sideline Huawei totally, the Financial Times reported that Britain was Tuesday "expected to approve a restricted role" for the group. It comes after a senior U.K. official last week strongly hinted at a green light for Huawei.
By many counts, the trade deal President Trump signed on Jan. 15 with China lacks heft. It doesn't remove all the tariffs, it doesn't impose any major penalties on intellectual property theft, and it punts completely on issues including China's state subsidies to prop up its own companies in international markets. Yet on one matter, the agreement could dramatically alter the U.S.-China relationship and the future of global democracy. If he means it, the United States will make an enormous strategic error: treating this minor trade deal as reason for a closer relationship with Beijing and turning a blind eye to its unfolding atrocities. This new ceasefire on trade should mark the beginning -- not the end -- of assertive, values-based engagement with China.
We are in the midst of an unprecedented surge of interest in machine learning (ML) and artificial intelligence (AI) technologies. These tools, which allow computers to make data-derived predictions and automate decisions, have become part of daily life for billions of people. Ubiquitous digital services such as interactive maps, tailored advertisements, and voice-activated personal assistants are likely only the beginning. Some AI advocates even claim that AI's impact will be as profound as "electricity or fire" that it will revolutionize nearly every field of human activity. This enthusiasm has reached international development as well.
Stephen Chen investigates major research projects in China, a new power house of scientific and technological innovation. He has worked for the Post since 2006. He is an alumnus of Shantou University, the Hong Kong University of Science and Technology, and the Semester at Sea programme which he attended with a full scholarship from the Seawise Foundation.
Google is at CES this week touting all the different partners it has to bring the personal Assistant to speakers, smart displays, phones and the like. One partner is popping mad - wireless speaker pioneer Sonos. The Santa Barbara, California maker of speakers that can be added to home systems for improved sound without that last-century accessory, speaker wire, filed two complaints against Google Tuesday, and called for an immediate cease-and-desist order. If granted, it would mean Google would have to stop selling the Google and Nest Home speakers, Pixel phones and laptops. That was the cease-and-desist request sought by Sonos in a complaint filed with the International Trade Commission, along with a separate patent violation lawsuit in federal court in California.