Ten European software industry associations have called on the EU to scrap plans to include the regulation of general-purpose AI including natural language processing and chatbots in its new AI Act, describing it as a "fundamental departure from its original objective" and saying that it could stifle innovation and hit the open source community. The European Union AI Act aims to establish a framework to regulate the use of artificial intelligence, taking a "risk-based" approach to its use and establish a worldwide standard. The Act includes core provisions including tighter regulations in high-risk areas such as healthcare and transparency requirements, focusing on specific-purpose narrow AI. However, the group of industry associations, led by BSA, the software alliance, has published a joint statement urging EU institutions to reject recent additions to the Act that include regulation of general purpose AI and instead "maintain a risk-based approach". The objective of general purpose AI is to create machines that can reason and think like a human.

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I Know First was selected from over 200 companies to be part of the fintech showroom in Tokyo, Japan on May 23rd, 2018. The showroom event, as well as a housewarming party, were hosted by JIAM (Japan International Asset Management Consortium, where I Know First presented their Algorithmic AI solutions using machine-learning algorithms. As part of the showroom event, I Know First gave a short pitch under 5 minutes followed by a deeper dive and demo if visiting client were interested. JIAM are a not-for-profit organization, which assists international asset management firms, asset management technology firms and talented financial professionals in tapping into the Japanese market. Through collaboration with Japanese government agencies (primarily the Tokyo Metropolitan Government) and industry associations, JIAM's goal is to bolster the Japanese asset management industry and support firms and individuals associated with it.

SINGAPORE: Thousands of jobs for professionals, managers, executives and technicians (PMET) are being created in the professional services sector, in new roles such as cybersecurity consultants, data engineers and legal tech experts. The sector - which includes architecture and engineering services, accounting and advertising - unveiled its industry transformation map (ITM) on Wednesday (Jan 24), which charts its vision to become a "global market leader in high-value and specialist services". At the heart of the roadmap are initiatives to drive innovation and equip the workforce with skill sets in areas such as data science and artificial intelligence over the next five to 10 years, the Economic Development Board (EDB) said. With the roadmap, the professional services sector is projected to grow at an average rate of 4.6 per cent from 2015 to reach a value-add of S$31 billion by 2020. The aim is also to generate 5,500 jobs every year till 2020.