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Artificial intelligence takes centre stage at World Economic Forum

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Sergey Brin, co-founder of Google, at Davos 2017
Sergey Brin, co-founder of Google, at Davos 2017

In a number of talks and statements at this year’s World Economic Forum, held in Davos, Switzerland, artificial intelligence has been taking centre stage, with many saying that while no one really knows the limit of the technology, it has already had profound effects on business and society.

One of Google’s original founders, Sergey Brin, said he looked at AI a few years back, and didn’t really know AI would develop to the extent it has done.

“I didn’t pay attention to it at all, to be perfectly honest,” he said in a discussion at WEF. “Having been trained as a computer scientist in the 90s, everybody knew that AI didn’t work. People tried it, they tried neural nets and none of it worked.”  [Read more…] about Artificial intelligence takes centre stage at World Economic Forum

Tiny chip capable of running deep neural networks could accelerate robotics development

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movidius

One of the challenges in robotics development is the fact that the computer processing required is just massive, often too much for a complex machine to handle onboard without packing very large pieces of hardware. 

One way around it has been to connect the robots up to cloud computing systems which run such things as neural networks and can remotely process data – but this is inefficient and slow.

Even if takes a few seconds to process massive quantities of data, those seconds are just too much time wasted for a machine such, for example, an autonomous car on the move – these things need to be instantaneous.  [Read more…] about Tiny chip capable of running deep neural networks could accelerate robotics development

Smart trash bin automatically separates and sorts out rubbish

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bin-e intelligent trash can

It probably looks more stylish than your average bin, and it’s definitely a whole lot smarter. 

What’s being described at the world’s first smart trash can is being developed in Poland.

Its makers, at a company called Bin-e, say the “intelligent bin” will not only facilitate work in an ecologically friendly environment but also allow us to save time devoted to garbage segregation at work.  [Read more…] about Smart trash bin automatically separates and sorts out rubbish

Obama warns of divisiveness of automation technology

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In his farewell address to the nation, US President Barack Obama warned of the dangers of automation technology. 

Obama said: “The next wave of economic dislocations won’t come from overseas. It will come from the relentless pace of automation that makes a lot of good, middle-class jobs obsolete.”

The Obama administration has been looking the whole issue of robotics, automation and artificial intelligence, and consulting on the possible impact of those technologies on the US economy.  [Read more…] about Obama warns of divisiveness of automation technology

China tech leaders claim 90 per cent of jobs could be replaced by AI

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cite image
The human-robot joint press conference held by Cite

Tech leaders in China believe 90 per cent of jobs in some sectors of the economy could be replaced with artificial intelligence systems. 

Speaking at a press conference ahead of the China Information Technology Expo, the experts said AI will be the main theme of this year’s event.

Cite 2017 will be held from April 9 to 11, 2017. Organisers held a press conference in Las Vegas, Nevada recently, at which they showcased the rising Chinese firms that will “lead the way” in the fields of AI, virtual reality and intelligent robots, the three themes that they expect will generate the most buzz at this year’s exhibition.  [Read more…] about China tech leaders claim 90 per cent of jobs could be replaced by AI

Toyota shows off futuristic Concept-i vehicle featuring AI that learns from driver

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toyota concept-i
The Toyota Concept-i features AI which anticipates the driver’s needs, says the company

Toyota has demonstrated a concept vehicle which features artificial intelligence that “grows with the driver”. 

The appropriately named Concept-i is said to offer an “immersive” AI system which anticipates drivers’ requirements and “inspires their imaginations and improves their lives”.

The AI system is nicknamed “Yui” and is likely to feature in Toyota’s other cars going forward.  [Read more…] about Toyota shows off futuristic Concept-i vehicle featuring AI that learns from driver

Nanotronics partners with Geometric Intelligence on AI for factories

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nanotronics

Nanotronics says new partnership with Geometric Intelligence will strengthen its artificial intelligence systems for factories

Nanotronics has extended a licensing agreement to continue to include Geometric Intelligence products and expertise along with its own artificial intelligence software for manufacturing. 

Nanotronics has provided AI tools for factories since 2014, and further developed its artificial intelligence with a view to making “continuous improvements in process control for industry”.

The two companies say they will “strive for provide the greatest convergence of hardware and software solutions on the market” to their semiconductor and materials science customers.  [Read more…] about Nanotronics partners with Geometric Intelligence on AI for factories

Artificial intelligence is better than humans, says IBM

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Rashik Parmar, lead IBM cloud advisor, Europe
Rashik Parmar, lead IBM cloud advisor, Europe

IBM prefers artificial intelligence to humans, according to an interview published on em360tech.com, in which one of the company’s most senior executives says humans can’t see what’s right in front their faces while AI sees everything, as well as things that aren’t even there. 

Rashik Parmar, IBM’s lead cloud advisor for Europe and one of the Watson team, says algorithms are smarter than humans will ever be, and that AI can spot patterns in large-scale enterprise architecture that human beings cannot.

AI can “make connections that you wouldn’t be able to make yourself”, claims computer fanatic Parmar.

Full story at em360tech.com

Artificial intelligence systems replacing finance sector professionals

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ibm brain chip
IBM has developed what it says is a ‘brain-inspired’ chip

More and more people are realising that it’s not just factory jobs the robots are after – it’s your intellectual jobs too. 

In the latest developments, an insurance company in Japan has replaced 34 of its insurance claim workers with artificial intelligence systems.

And the world’s largest hedge fund says it will replace all its managers with AI systems – after it drains the brains of its human employees and distills their knowledge into an algorithm.

Full story at em360tech.com

Industrial robot sales in China increase 20 per cent

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Sales of industrial robots in China have grown 20 per cent this year, according to research by two industry associations in the country. The automotive and electronics sectors were the two biggest buyers. 

As reported in the South China Morning Post, the GG Robotics Research Institute and the China Artificial Intelligence Robot Industry Alliance expects approximately 80,000 industrial robots to be sold on the mainland this year.

But Zhang Xiaofei, founder of the GG Robotics Research Institute, says growth is slowing.  [Read more…] about Industrial robot sales in China increase 20 per cent