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) …
Google has announced that it will invest $450 million in security firm ADT, forming a partnership that will allow ADT's technicians to sell and install Google's Nest family of products. At the same time, Google's Nest devices and AI technology will eventually expand ADT's home security product range and become the "cornerstone of ADT's smart home offering," Google wrote. The initial goal of Google's investment, which gives it a 6.6 percent share of ADT, will be to get its products into the hands of more consumers. "The company's network of thousands of professional technicians will be able to sell and install devices like Nest Cameras and Nest Hub Max, all powered by Google Assistant," the company said in a news release. Later on, ADT will borrow Google's tech to enhance its own capabilities.
Huawei is also now the world's largest supplier of smartphones, surpassing Samsung Electronics Co. Qualcomm also announced a super-fast charging platform this week for Android devices that is supposed to charge a battery to 50% full in 5 minutes, and 100% full in 15 minutes. Xilinx wants to help drive open, interoperable, and adaptable Radio Access Network (RAN) 5G technologies. The company this week joined the Open RAN Policy Coalition, an organization that advocates for open and interoperable solutions in RAN. Xilinx is already a member of O-RAN alliance and is a contributor to the 3GPP specifications for 5G mobile networks. Xilinx offers silicon that supports multiple standards, bands, carriers and sub-networks for Open RAN, the company said in its press release.
We're pleased to announce enhancements to recommendation filters in Amazon Personalize, which provide you greater control on recommendations your users receive by allowing you to exclude or include items to recommend based on criteria that you define. For example, when recommending products for your e-retail store, you can exclude unavailable items from recommendations. If you're recommending videos to users, you can choose to only recommend premium content if the user is in a particular subscription tier. You typically address this by writing custom code to implement their business rules, but you can now save time and streamline your architectures by using recommendation filters in Amazon Personalize. Based on over 20 years of personalization experience, Amazon Personalize enables you to improve customer engagement by powering personalized product and content recommendations and targeted marketing promotions.
Cisco Systems is about to inject more intelligence into its Meraki smart camera portfolio. The tech giant on Friday announced that it has acquired Swedish video analytics provider Modcam for an undisclosed sum. The deal, which already closed, will make Cisco's MV smart security camera line "even smarter," said Chris Stori, senior vice president and general manager of Cisco's Meraki business, in a blog post. "Less than 1 percent of the video our MV smart cameras capture is actually watched. One of the questions we ask ourselves is, how do we extract value from the 99% that no one ever sees? In acquiring Modcam, Cisco is investing in a team of highly talented engineers who bring a wealth of expertise in machine learning, computer vision and cloud-managed cameras," Stori said on the deal.
As the Internet of Things proliferates, security cameras are getting smarter. Today, these devices have machine learning capability that helps the camera automatically identify what it's looking at -- for instance, an animal or a human intruder? Today, Cisco announced that it has acquired Swedish startup Modcam and is making it part of its Meraki smart camera portfolio with the goal of incorporating Modcam computer vision technology into its portfolio. The companies did not reveal the purchase price, but Cisco tells us that the acquisition has closed. In a blog post announcing the deal, Cisco Meraki's Chris Stori says Modcam is going to up Meraki's machine learning game, while giving it some key engineering talent, as well.
TORONTO, July 31, 2020 (GLOBE NEWSWIRE) -- Datametrex AI Limited (the "Company" or "Datametrex") (TSXV: DM, FSE: D4G) is pleased to announce that it has been successfully awarded a second contract in the United States defense industry, United States Air Force via Wright State Applied Research Corp. ("WSARC") on July 29, 2020. WSARC is provides contracting, security and research administration services for Wright State Research Institute, the University and the state of Ohio, and will head the U.S. Air Force Academic Partnership and Engagement Experiment (APEX) program. "This is a great example of renewable business for Datametrex. Getting a one-year contract extension shows that our technology is valued by the client, and marks progress in our plan to expand our mandate with the organization. Datametrex will continue to solidify our position as a trusted solution provider within the U.S. military departments."
Detroit – Ford Motor Co. posted results Thursday that were not as grim as expected for its second quarter, during which its U.S. factories were shuttered for half the period to combat the spread of the novel coronavirus and car buyers sheltering in place. Ford reported a $1.12 billion (¥117.1 billion) second-quarter net profit, pushed into the black by a $3.5 billion gain on the value of its stake in the Argo AI autonomous vehicle operation. Without the one-time gain, the company lost $1.9 billion, or 35 cents per share. But that was far better than the $1.17 a share loss Wall Street had expected, according to FactSet. A year ago, Ford posted a $148 million net profit.
DALLAS, TX / ACCESSWIRE / July 27, 2020 / Perimeter Medical Imaging, AI Inc. (TSXV:PINK) today announced the installation of their OTISTM device at the University of Texas MD Anderson Cancer Center (MD Anderson), to further develop ImgAssist AI technology marking an important milestone in this collaboration and Perimeter's ATLAS AI Project. Initiated in mid-July, the ATLAS AI Project allows Perimeter to collaborate with industry-leading cancer care centers that will use OTIS - its proprietary ultra-high resolution imaging platform - to collect images of breast tumors from approximately 400 patients for the purpose of training and testing Perimeter's ImgAssist AI technology. This technology, which is currently under development, is designed to utilize a machine learning model to help surgeons identify, in real-time, if cancer is still present when performing breast-conserving surgery (lumpectomy). This study was made possible, in part, by a $7.4 million grant awarded by the Cancer Prevention and Research Institute of Texas (CPRIT), a leading state body funding cancer research. Jeremy Sobotta, President and CFO stated, "Initiation at MD Anderson is an important milestone in part one of our ATLAS AI Project and marks the next step in our development and clinical validation efforts for our ImgAssist AI software. MD Anderson is one of the largest breast cancer centers in the United States, treating approximately 40,000 patients a year, and is a valued collaborator as we strive to help physicians improve surgical outcomes for breast cancer patients by providing an additional tool for real-time margin visualization and assessment."
As the world moves through the management phase of this historic pandemic, the ultimate "new normal" remains elusive. Countries that seemed to have flattened the curve are seeing a resurgence in daily case rates. Meanwhile, the pandemic has eroded global economic growth. This TechRepublic Premium ebook compiles the latest on cancelled conferences, cybersecurity attacks, remote work tips, and the impact this pandemic is having on the tech industry. With all these changes, one thing is certainly true: Digital transformation is happening faster and irrevocably across Asia.
Data-driven construction reporting company Buildots this week announced it has raised $16 million, a combination of a $3 million seed round and a $13 million series A. Cofounder Roy Danon says the funds will be used to scale and improve the company's products as Buildots expands to new regions around the world. Large construction projects -- which some countries have allowed to continue during the pandemic -- still rely on project managers to keep tedious manual records. These managers are often responsible for keeping tabs on countless tasks, in addition to tracking the progress of dozens (or more) contractors. Some analysts say the intractable logistical challenges lead 98% of large projects to suffer cost overruns of more than 30%. Making matters worse, 77% are estimated to be at least 40% late.