The 2024 National Defense Authorization Act (NDAA) includes a heavy focus on the continued development of artificial intelligence for the military, an investment that could be pivotal in the continued competition with China. "I think there are two key areas of the NDAA that point to a great strategic direction for the United States. The first is recognizing the threat China poses in both the physical and the cognitive domain of conflict, in the cold war we are currently in with them and the hot war they may consider in the future. AI, and protecting AI is a crucial part of that strategic calculus," Christopher Alexander, the chief analytics officer of Pioneer Development Group, told Fox News Digital. Alexander's comments come after President Biden signed the Pentagon spending bill into law last month, the yearly "must pass" legislation that lays out U.S. military spending.

China set a record high in terms of venture capital (VC) investments in 2016, despite a global slowdown. The strong performance is expected to continue with artificial intelligence (AI) an additional focus for investors, finds latest KPMG analysis. Investment by VCs in China increased 19 percent year on year to USD31 billion in 2016, although deal volumes declined 42 percent to 300 from 513 a year earlier, according to Venture Pulse, KPMG's quarterly global report on VC trends. The strong performance is attributed to a number of mega-deals recorded early in the year. The report highlights that artificial intelligence and cognitive learning are poised to transform almost every aspect of people's lives.

By Ian Lopez, Legaltech News, November 8, 2016 This post has been viewed 14 times. The phrase "put your money where your mouth is" is taking on new meaning in law. For a while vendors, technologists and forward-thinking operational professionals have been espousing the virtues and precautions around artificial intelligence (AI) in the legal workflow for the better part of a year, as everyone from investors to the professionals charged with making good use of their money are looking at AI as the next big thing. While still worlds away from the billions invested in financial and healthcare technology, AI is starting to attract big money from investors. Perhaps unsurprising is that some of this money is pouring in from the U.K., a stronghold for the implementation of AI in the legal workflow.

A new center to study the implications of artificial intelligence and try to influence its ethical development has been established at the U.K.'s Cambridge University, the latest sign that concerns are rising about AI's impact on everything from loss of jobs to humanity's very existence. The Leverhulme Trust, a non-profit foundation that awards grants for academic research in the U.K., on Thursday announced a grant of 10 million ( 15 million) over ten years to the university to establish the Leverhulme Centre for the Future of Intelligence. The new facility will be directed by Professor Huw Price, the university's Bertrand Russell Professor of Philosophy. Others on the team include political scientists, lawyers, psychologists and technologists, said Prof. Gordon Marshall, the director of the Leverhulme Trust. The Trust sprang out of a company that now is part of Unilever.