Largest robotics and automation investment fund now has $1 billion in assets under management

ROBO, believed to be the first robotics and automation exchange traded fund, has reached a new milestone in terms of its assets under management.

Index provider ROBO Global, which has holdings in more than 100 listed companies, says investors have embraced its dedicated focus on robotics, automation and artificial intelligence.

The ROBO Global Robotics & Automation Index ETF recently surpassed $1 billion in assets under management, and its managers say it has achieved the psychologically significant benchmark less than four years after launching.  Continue reading Largest robotics and automation investment fund now has $1 billion in assets under management

Artificial intelligence driving revenue growth, says Infosys

US Secretary of State John Kerry in Davos
US Secretary of State John Kerry at a previous World Economic Forum meeting in Davos

In a report specially prepared for the World Economic Forum meeting of world leaders from business and politics at Davos, Switzerland, Infosys says businesses and economies which adopt artificial intelligence are seeing dramatic growth. 

The IT consulting giant says companies and countries which embrace AI can expect to see revenue rise around 40 per cent by 2020.

Infosys adds that 80 per cent of AI adopters who can replace workers with computer systems are actually planning to retain and retrain their staff.  Continue reading Artificial intelligence driving revenue growth, says Infosys

Chatbot market racing towards $1 billion, says report

robot assistant
Picture: Matthew Hurst

The market for chatbots is on course to reach $1 billion by 2024, according to a new report by Transparency Market Research

Advances in high-end artificial intelligence development is allowing companies to attain a far greater consumer pool than before, says Transparency.

Facebook, Google, and Microsoft were the “clear winners” in the global chabot market in 2015, adds the company.  Continue reading Chatbot market racing towards $1 billion, says report

Denso teams up with Carnegie Mellon to develop artificial intelligence knowledge

carnegie mellon

Industrial robot-making giant Denso to advance artificial intelligence knowledge, signs technical advisory contract with Carnegie Mellon University

In an effort to deepen and advance its knowledge in artificial intelligence, Denso has entered into a technical advisory contract with one of the world’s foremost researchers in computer vision, Carnegie Mellon University Professor Dr Takeo Kanade.

Through this contract, Denso is looking to advance its artificial intelligence technology and expand its engineering expertise in the areas of advanced driver assistance systems (ADAS), autonomous drive, and the Internet of Things (IoT).

Dr Kanade, a UA and Helen Whitaker University Professor of Robotics and Computer Science at Carnegie Mellon, will provide technical guidance to Denso engineers on image recognition and machine learning, and will also speak at lectures and seminars organized by Denso for a variety of purposes, such as recruiting, relationship building, and so on. These activities will be held mostly in Japan.  Continue reading Denso teams up with Carnegie Mellon to develop artificial intelligence knowledge

To err is human. To forgive is beyond the capacity of Googlebot, for now at least

Picture courtesy of Unity Ecommerce
Picture courtesy of Unity Ecommerce

About 10 years ago, this company launched a website – a women’s clothes and accessories boutique. Our collective web publishing skills and experience was limited as we are journalists by profession. We initially decided to carry advertisements from Google AdSense. We signed up and placed some of their ads on the website. It was an interesting learning process.

But fashion being a very highly competitive publishing sector, our website was getting very few visitors, measured in the hundreds per week, and none of them were clicking on the Google ads. It occurred to us that maybe there was a technical problem with the way we had integrated AdSense, so we asked one of our visitors to test the ad by clicking on it.

The visitor, who we did not know, was apparently located overseas. It was a random request by one of us in the office who thought it was a good idea at the time. Turned out, it wasn’t a good idea at all.  Continue reading To err is human. To forgive is beyond the capacity of Googlebot, for now at least