Crypto News 

Advisory Council of UAE Banks Federation Considers Adoption of Blockchain in Banks

“The Advisory Council of the United Arab Emirates Banks Federation (UBF) discussed applying blockchain in its member banks, according to the Dubai-based English language newspaper Gulf News on Dec. 17” writes Helen Partz for cointelegraph.com. The Advisory Council of UBF, a non-profit organization representing 50 member banks in the country, considered using blockchain to improve Know Your Customer (KYC) processes at entrant banks.At the meeting, participants considered strategies to attract foreign investments and build a necessary infrastructure by using AI and blockchain.The study has outlined a number of blockchain applications…

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Alexa in space? Why free-floating AI friends are in our interplanetary future

“Then the Captain Future nerds grew up, and some of them went to work for Airbus and IBM and DLR (the German NASA)” writes Chris Taylor for mashable.com. In the 1950s, Hamilton wrote a series of pulp stories about a character called Captain Future.For now, at least, they’re still a little too creeped out by the idea of being diagnosed by a floating brain.Schmid was a Captain Future fan who happened to be trawling for experimental projects he could send to the International Space Station alongside German astronaut Alexander Gerst. Source:…

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What Is ThoughtRiver’s New ‘Thinking AI’ and What Will It Do?

“So, first of all, in broad terms, what will be the new capabilities of this legal AI application?” reports artificiallawyer.com. One could call it also the ‘cut to the chase legal AI’, because, why is anyone doing review?. One could call it a sort of ‘legal AI FAQ‘ system for contracts.Last week Artificial Lawyer shared the news that AI company, ThoughtRiver, which has a focus on risk analysis and pre-screening of legal documents, had been awarded funding for a major new project to develop what is being labelled as ‘thinking…

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JPMorgan’s head of asset management explains how he’s been able to poach workers from Silicon Valley

“Over the summer, the firm poached Apoorv Saxena, Google’s head of product management for AI, who’s now JPMorgan’s head of AI and machine-learning services and its head of asset and wealth management AI technology” writes Meghan Morris for businessinsider.com. So said Chris Willcox, the president of JPMorgan Asset Management, who told Business Insider in a December interview that the firm was luring talent from Silicon Valley. Meanwhile, Fidelity has said it spends about $2.5 billion annually on technology, with 30% of its 40,000 employees in tech. Source: businessinsider.com Share This:

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Google Won’t Sell Facial Recognition Software. Yet.

“A Google Executive said that it will not sell its sell its facial recognition technology” writes Charlotte Henry for macobserver.com. Apple, of course, launched its own facial recognition software in the form of FaceID. However, there seems to be less concern about how Apple will exploit the technology, and AI in general, compared to Google. Source: macobserver.com Share This:

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AI Weekly: This machine learning report is required reading

“As the Index reports, Europe leads the world in total number of research papers produced, followed closely by China” writes Khari Johnson for venturebeat.com. China could lead world in AI research in coming years, Elsevier report finds China could lead the world in total number of research papers produced annually within four years, according to a report by Elsevier.One of my favorite stats by far in this year’s report, however, is the total number of mentions of AI and machine learning in earnings calls by companies listed on the New York Stock…

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Google hits pause on selling facial recognition tech over abuse fears

“The ethical dilemma swirling around facial recognition technology has prompted Google to hit pause on selling its own system to the public” writes Michael Kan for mashable.com. On Thursday, Google’s Cloud business said it was holding off on offering a facial recognition system for general-purposes, citing the potential for abuse.On Thursday, the American Civil Liberties Union praised Google’s decision to refrain from offering a general-purpose facial recognition system. Source: mashable.com Share This:

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Microsoft researchers beat Tencent and Intel in autonomous greenhouse competition

“Team Sonoma was the clear winner throughout the competition in total production of cucumbers, followed closely by the human cucumber growers” writes Khari Johnson for venturebeat.com. The competition was sponsored by Tencent Exploration Team, an initiative for funding promising companies and projects from the Chinese tech giant.Members of Microsoft Research, together with students from Dutch and Danish universities, have won a cucumber-growing competition held in autonomous greenhouses at Wageningen University and Research in Holland. Source: venturebeat.com Share This:

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China could surpass the US in artificial intelligence tech. Here’s how

“But if you measure by value created, how much market capitalization, how many users, how much revenue, China probably is already ahead.”” writes Uptin Saiidi for cnbc.com. “If you measure by research — basic research papers published, excellence of research — U.S. is and will be ahead for the next decade,” he said.Artificial intelligence has the potential to transform many industries: Cars that drive themselves, facial recognition that enhances security, or systems that could detect cancer better than a doctor.”Data is the new oil, so China is the new Saudi…

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Google vows not to sell its facial recognition technology for now

“Google’s decision to hold off on commercializing facial recognition technology follows blowback at other tech companies that are designing the cutting-edge services” writes Richard Nieva for cnet.com. Google will refrain from selling facial recognition products until it can come up with policies that prevent abuse of the controversial technology, the search giant said in a blog post on Thursday.”Like many technologies with multiple uses, facial recognition merits careful consideration to ensure its use is aligned with our principles and values, and avoids abuse and harmful outcomes,” Kent Walker, senior vice…

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