Facial recognition provider SenseTime becomes the most funded AI startup

Chinese facial recognition provider SenseTime has become the world’s most funded AI startup following a $600 million funding round. The latest round of funding was led by Alibaba Group Holdings to extend SenseTime’s existing one billion dollar valuation. Other investors which took part in the series-C fundraising include Temasek Holdings and Suning.Com Co Ltd. While the company is yet to disclose its current valuation, Bloomberg reported it’s over $3 billion. Joe Tsai, Alibaba...

9 April 2018 | Funding

Google CEO is (unsurprisingly) impressed with AI in China

Sundar Pichai, CEO of Google, has expressed how impressed he is with AI in China during a forum attended by senior government officials and leading executives in Beijing. “China is already playing a big part in how AI will shape our futures," said Pichai at the annual China Development Forum in Beijing. "When we build together, we get to better ideas faster." Google is known for the vast amount of data it collects, and the powerful services having access to such large pools of information...

26 March 2018 | Government

Mayor of London’s AI study will ensure policies help the city thrive

London’s mayor has commissioned a study to engage with the AI community and ensure policies help the city to become a global hub for the emerging technology. Sadiq Khan, Mayor of London, commissioned the specialist AI researchers at CognitionX to undertake the study. The results will be used to form London’s policy towards the AI industry. CognitionX will be looking at four areas in particular: Stimulating adoption and deployment Attracting AI entrepreneurs and businesses to...

22 March 2018 | Government

Macron wants Europeans to relax about data or be left behind in AI

Emmanuel Macron, President of France, is calling for Europeans to relax about the use of their data by AI companies to prevent those operating in the region falling behind their international counterparts. Citizens are increasingly concerned about their use of data, especially following the ongoing investigations into Facebook and Cambridge Analytica. AI companies, however, rely on the bulk collection of data for training machine learning models. Macron wants to ensure France is a leader...

21 March 2018 | Government

Experts warn AI poses a ‘clear and present danger’

A report by leading experts calls on governments and businesses to address the “clear and present danger” posed by unregulated AI. The foreboding report is titled ‘The Malicious Use Of Artificial Intelligence’ and was co-authored by experts from Oxford University, The Centre For The Study of Existential Risk, the Electronic Frontier Foundation, and more. Three primary areas of risk were identified: Digital security — The risk of AI being used for increasing the scale and efficiency...

21 February 2018 | Ethics

Leaders warn NATO is unprepared for AI warfare

Current and former European leaders gathered at the Munich Security Conference to warn that NATO is unprepared for AI warfare. AI is set to revolutionise many industries and will bring a range of benefits to citizens and businesses around the world. Concerns about job losses have been prevalent, but AI’s inevitable use in a military capacity has been less discussed. Kersti Kaljulaid, President of Estonia, believes there is a 50 percent chance an AI system capable of launching a lethal...

16 February 2018 | Ethics

Home Office unveils AI tool for tackling extremist content

Following impatience with technology leaders in delivering measures to fight the spread of extremist content, the Home Office has unveiled its own AI tool for detecting it with impressive accuracy. The UK government has long called on tech giants to ensure any extremist content is removed from their platforms quickly. A report from the Home Affairs Committee slammed the likes of Facebook, Twitter, and YouTube for "consciously failing" to remove terrorist propaganda. Most law-abiding...

13 February 2018 | Ethics

Emtech China: Warnings of AI causing job losses continue

This year’s EmTech China conference in Beijing was filled with exciting insights at where AI is heading, but it also carried the usual warnings of potential job losses. The three-day event is organised by MIT Technology Review and features some of the world’s most talented experts. In the past, we’ve heard from the likes of Elon Musk saying AI will mean a ‘universal basic income’ will become necessary as more jobs become automated. Others counter this argument by claiming AI...

29 January 2018 | Government

Report: AI will increase the wealth inequality between the rich and poor

Artificial intelligence advancements will increase the disparity of wealth between the rich and poor, according to a new report. The report titled "Artificial Intelligence and Its Implications for Income Distribution and Unemployment" was presented last month through the National Bureau of Economic Research. Economists Anton Korinek (Johns Hopkins University) and Joseph E. Stiglitz (Columbia University) believe economic inequality “is one of the main challenges posed by the proliferation of...

11 January 2018 | Government

Constable Alexa: Police consider using Amazon’s AI to fight crime

Lancashire Constabulary considers using Amazon’s popular voice assistant, Alexa, in a bid to improve efficiency and fight crime. Users would be able to report crimes using the assistant on supported device, or have warnings about local issues spoken to them. For example, a spate of car thefts in the area could prompt an alert to neighbours to be more vigilant of people acting suspiciously around vehicles. In the event of a developing situation, such as a suspect fleeing from a scene on...

4 January 2018 | Government