investment


3 Industries That Will Be Transformed By AI, Machine Learning And Big Data In The Next Decade

@machinelearnbot

Historically, when new technologies become easier to use, they transform industries. That's what's happening with artificial intelligence and big data; as the barriers to implementation disappear (cost, computing power, etc.), more and more industries will put the technologies into use, and more and more startups will appear with new ideas of how to disrupt the status quo with these technologies. By my predictions, the AI revolution isn't coming, it's already here, and we'll see it first in a few key sectors. Most people agree that healthcare is broken, and many startups believe that the biggest answer is putting the power back in the hands of the patient. We're all carrying the equivalent of Star Trek's tricorder around in our pockets (or an early version, at any rate) and smartphones and other smart devices will continue to advance and integrate with AI and big data to allow individuals to self-diagnose.


11 Takeaways from a Chinese Tech Forum #UBBF2017 – Glen Gilmore – Medium

#artificialintelligence

Huawei (pronounced "Wah-way") is the world's largest telecommunications company. A member of the Fortune Global 100, it is also the world's third-largest seller of smartphones. Just one day after its launch of the world's first Artificial Intelligence embedded smartphone, the Mate 10, in Munich, Germany, Huawei hosted the Ultra Broadband Forum in Hangzhou, China. It attracted attendees from over sixty-five countries. I was invited to the conference as a key opinion leader and Huawei partner.


The stock market's robot revolution is here

#artificialintelligence

The long-awaited rise of the machines is here, at least in the stock market. A new artificial intelligence-powered exchange-traded fund launched on October 18. Called the AI Powered Equity ETF (ticker: AIEQ), it uses IBM's Watson supercomputing technology to analyze more data than humanly possible, all in the pursuit of building the perfect portfolio of 30 to 70 stocks. The ETF ranks investments based on their "probability of benefiting from current economic conditions, trends, and world- and company-specific events" and picks those with the best chance at outperformance, according to a recent release. And the technology enables it to do that while constantly analyzing information for 6,000 US-listed companies. The top three positions as of Friday were CIT Group, Penumbra and Genworth Financial.



Lyft taxi app boosted by $1bn investment from Google-led consortium

The Guardian

The US ride-hailing company Lyft has secured a $1bn (£760m) investment from a Google-led consortium, a considerable war chest that will help finance its challenge to Uber in the US – and possibly overseas. The funding round was led by CapitalG (formerly known as Google Capital), the strategic investment arm of Google's corporate parent Alphabet, and takes the valuation of Lyft up to $11bn. That's still a fraction of Uber's market cap, which is somewhere between $50bn and $70bn, but it pegs the company as a major domestic competitor to the trouble-stricken cab firm. Lyft is tight-lipped as to what, precisely, the new funding will be spent on. In a statement announcing the investment round, the company said: "While we've made progress towards our vision, we're most excited about what lies ahead.


Our 'selfish brain' wins when competing with muscle power

Daily Mail

Human brains take a lot of energy to run, and keeping our sophisticated grey matter going comes at an evolutionary cost. Researchers found a trade-off occurs when we have to think fast and work hard at the same time - and our'selfish brain' is always prioritised over the rest of our body. Our ability to allocate more glucose to the brain could have helped our species survive and thrive by becoming quick thinkers, researchers found. Researchers found a trade-off occurs when we have to think fast and work hard at the same time - and our'selfish brain' is less affected than our physical capacity (stock image) The rowers performed two separate tasks: one memory, a three minute word recall test; and one physical, a three minute power test on a rowing machine. They then performed both tasks at once, with individual scores compared to those from previous tests.


Boeing invests in autonomous flight technology maker Near Earth Autonomy

ZDNet

Boeing's venture capital unit HorizonX is continuing its investment in autonomous technologies, recently backing Near Earth Autonomy, a Pittsburgh-based company that develops technologies to enable safe and reliable autonomous flights. The aerospace giant announced the investment on Thursday, but did not disclose the amount it has invested in the company. Near Earth Autonomy, which was spun out of Carnegie Mellon University's Robotics Institute, develops software and sensor technology for three-dimensional mapping and survey, motion planning, and landing zone assessment, among others. Its products are aimed at enabling aircraft to operate autonomously. According to a Washington Post report, the company has developed self-piloting surveillance drones that can navigate underground pathways, and is exploring ways for autonomous planes to navigate without reliance on GPS satellites.


Artificial intelligence commission needed to predict impact, says CBI

The Guardian

Britain's biggest employers are calling for a commission to examine the impact of artificial intelligence on jobs. Amid predictions of a workplace revolution threatening one in five jobs across the UK, the CBI is urging Theresa May to launch the commission from early 2018. It said companies and trade unions should be involved and the commission should help to set out ways to increase productivity and economic growth as well looking into the impact of AI. The business lobby group said almost half of firms were planning to devote resources to AI, while one in five had already invested in the technology in the past year. Companies are increasingly using computers to scour vast datasets in order to spot inefficiencies, while they are also employing machines to control the flow of activity in warehouses and factories and to take meter readings.


Samsung Predicts Tech Will Next Transform the Home

Wall Street Journal

"We think this could be the third wave where you have programmable objects blanketing your home," said David Eun, president of Samsung NEXT, Samsung's investment group, during an interview at The Wall Street Journal's WSJ D. Live technology conference. Companies across tech have been rushing to launch products and software for the so-called smart home. Inc.'s Alexa and Alphabet Inc.'s Google Assistant have made it possible to embed artificial intelligence in everyday home devices, letting people unlock doors and dim lights with their voices. Those companies and Apple Inc. are launching smart speakers, as well. Samsung has an inherent hardware advantage in this arena because it sells an array of appliances.


Microsoft Focused on AI Investments

Wall Street Journal

Ms. Johnson said other areas drawing Microsoft's attention include quantum computing, gaming, and software as a service. "We look at everything," she said. "I look at growth for the company." Microsoft invested in two large private technology companies this year, Indian e-commerce player Flipkart Ltd. and InsideSales.com Its last big tech acquisitions included the $26 billion deal for professional networking site LinkedIn in 2016 and the $2.5 billion purchase of Minecraft videogame maker Mojang AB.