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SoftBank’s Vision Fund to invest $1 billion in China AI startup: Bloomberg

“FILE PHOTO: People walk behind the logo of SoftBank Corp in Tokyo Thomson Reuters (Reuters) – SoftBank Group Corp’s Vision Fund is seeking to invest almost $1 billion in SenseTime Group Ltd, a Chinese facial recognition technology developer, Bloomberg reported on Friday” reports businessinsider.com. The fund and SenseTime are finalizing the terms of the deal and the details could still change, Bloomberg reported https://www.bloomberg.com/news/articles/2018-07-20/softbank-fund-is-said-to-seek-investment-in-chinese-ai-giant?utm_source=google&utm_medium=bd&cmpId=google citing sources.SenseTime in May raised $620 million in a round of funding from Fidelity International, Hopu Capital, Silver Lake and Tiger Global, and $600 million in…

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AI leaders Musk, Tegmark, and DeepMind call for autonomous weapons systems ban

“And in 2015, Musk, Stephen Hawking, Steve Wozniak, and hundreds of tech leaders signed a Future of Life Institute treatise in support of autonomous weapons legislation” writes Kyle Wiggers for venturebeat.com. AI weapons that autonomously decide to kill people are as disgusting and destabilizing as bioweapons and should be dealt with in the same way.” This is just the latest effort to muster support for AI regulation.Microsoft, meanwhile, discontinued its work with Immigrations and Customs Enforcement and created an internal advisory panel — the Aether Committee — to look critically…

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Bossa Nova Robotics acquires Hawxeye to improve inventory object detection

“Bossa Nova Robotics was established in 2005, now has nearly 200 employees, and has offices in San Francisco and Mountain View, California, as well as Pittsburgh, Pennsylvania” writes Khari Johnson for venturebeat.com. The acquisition of Hawxeye comes just weeks after Bossa Nova closed a $29 million funding round, bringing its total amount raised to $60 million. Source: venturebeat.com Share This:

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Promethean AI uses artificial intelligence to help artists fill out game worlds

“Artificial intelligence poses a threat to a lot of jobs out there, but Promethean AI thinks it can help game artists do their jobs better through automation of the tasks that are either too boring or repetitive” writes Dean Takahashi for venturebeat.com. You want the artist to be able to contribute, tweak things, move them around, and participate.” The Promethean AI solution can be trained by artists to imitate an artist’s style.We can’t wait to see what it unlocks for us as creatives.” And Kacper Niepokólczycki, an artist at CD Projekt…

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Watch out, birders: Artificial intelligence has learned to spot birds from their songs

“Now, thanks to a bit of crowdsourcing and a lot of artificial intelligence (AI), researchers say they have something to crow about” writes Matthew Hutson for sciencemag.org. The best previous algorithm they tested had an AUC score of 79.AI algorithms can be as finicky as finches, often requiring manual calibration and retraining for each new location or species. Source: sciencemag.org Share This:

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Elon Musk, DeepMind founders, and others sign pledge to not develop lethal AI weapon systems

“They also point out that enforcing such laws would be a huge challenge, as the technology to develop AI weaponry is already widespread” writes Jul Edt for theverge.com. These currently being absent, we opt to hold ourselves to a high standard: we will neither participate in nor support the development, manufacture, trade, or use of lethal autonomous weapons.We, the undersigned, call upon governments and government leaders to create a future with strong international norms, regulations and laws against lethal autonomous weapons. Source: theverge.com Share This:

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Those stories about AI taking our jobs might be dead wrong

“Major new technologies, from steam engines to computers, displace some existing jobs but also generate large productivity gains” writes Stan Schroeder for mashable.com. However, PwC’s analysis is in line with other reports which claim that AI might make people more productive and create new jobs.But there’s no reason to panic: AI will also create many new jobs, with the net result actually being a slight positive for humans.The report, released on Tuesday, says that AI and related technologies are projected to displace 7 million existing jobs in the UK over…

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Senior management to be responsible for processes based on big data and AI, German regulator says

“In contrast, explainability describes being able to list the major factors of influence for a concrete individual decision” reports financefeeds.com. BaFin insists that senior management remains responsible for BDAI-based processes and decisions.BaFin agrees that BDAI will create additional opportunities for automating standard market processes – from chatbots to liquidity management.Examples include the applications of automation for the lending business at banks or for claims management at insurance companies. Source: financefeeds.com Share This:

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Salesforce to acquire AI company Datorama, reportedly for more than $800 million

“Salesforce shares are up 64% over the past 12 months, while the S&P 500 SPX, -0.10% has gained 14%” writes Emily Bary for marketwatch.com. CRM, -0.44% shares are little changed in Monday trading after the company said it planned to acquire Datorama for an undisclosed sum.Salesforce said in a blog post that the purchase will enable it to provide customers with “expanded data integration and intelligence” through the cloud. Source: marketwatch.com Share This:

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Microsoft’s AI for Earth Innovation Grant gives data scientists access to AI tools

“Microsoft claims that in the past two years, the AI for Earth program has awarded more than 35 grants globally for access to its Azure platform and AI technologies” writes Kyle Wiggers for venturebeat.com. Microsoft and National Geographic are teaming up to support data scientists who are tackling the “world’s biggest challenges.” The two companies today announced the AI for Earth Innovation Grant program, a $1 million grant that’ll provide recipients financial assistance, access to AI tools and cloud services, and more to advance conservation research. Source: venturebeat.com Share This:

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