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

Rubikloud secures $37 million for expansion of retail AI solutions

An oversubscribed Series B financing round organised by Rubikloud Technologies has fetched the company $37 million which will be used for the expansion of its retail AI solutions with offices in Europe and Asia. Rubikloud deploys AI applications to help retailers generate extensive revenue through the Rubikloud platform that enables automated OLAP data integration with legacy applications and data warehouses. Automated instructions are delivered by the platform to execution layers including...

9 January 2018 | Marketing

Nvidia seeks pole position in AI for connected cars with DRIVE Xavier SoC

Nvidia has announced its first Xavier autonomous machine processors are up and running for the company’s self-driving car platform, DRIVE. Xavier is designed to power the NVIDIA DRIVE software stack which has been expanded to a trio of AI platforms covering every aspect of the experience inside next-generation automobiles. DRIVE AV — This part of the DRIVE platform was also available in the previous generation and uses neural networks to perform the calculations required for...

8 January 2018 | Connected Cars

Implementing innovation: How advanced analytics and AI are improving patient care

Across the globe, healthcare providers are facing the same three questions. How do we improve patient care? With growing populations, how can we help more people? And how can this be achieved with budgets that have been under pressure? Finding a solution to these questions is increasingly reliant on technology. As a result, the responsibility of addressing these issues is falling to the IT department within healthcare institutions. Once focused solely on ‘keeping the lights on', IT has...

8 January 2018 | Healthcare

Samsung Electronics advances premium AP Exynos 9 Series 9810 for AI applications

Launching the most recent premium application processor (AP), the Exynos 9 Series 9810, Samsung Electronics said that it will be a “key catalyst” for smart platforms in the coming era of AI. Built on the company’s second-generation 10-nanometer (nm) FinFET process, the Exynos 9 Series 9810 features faster gigabit LTE modem and sophisticated image processing with deep learning-based software. Due to the powerful third-generation custom CPU, it brings the next level of performance to...

5 January 2018 | Applications

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

Gridsum and Peking University Law School team up for legal AI lab and research institute

Gridsum Holding, a China-based provider of cloud-based big-data analytics and artificial intelligence (AI), has partnered with Peking University Law School to form the Peking University Legal AI Lab and Research Institute to work towards the analysis, development and application of AI across China's legal ecosystem. Gridsum will leverage its capabilities in big data and AI, as well as its experience in developing enterprise-focused AI applications, to provide technical and research expertise...

3 January 2018 | Applications

Huawei and Baidu form alliance to lead in AI-powered smartphones

Huawei and Baidu have formed an alliance with the intention of sharing their expertise to lead the new generation of AI-powered smartphones. Many flagship smartphones are launching with dedicated AI chips — including, of course, Huawei’s very own Mate 10. Over the course of the next year, we expect these chips to be available in most high-end devices. Research firm Counterpoint Technology forecasts that more than half a billion smartphones that will be shipped around the world in 2020...

21 December 2017 | Smartphones

AI legend Andrew Ng wants to revolutionise manufacturing with Landing.ai

Andrew Ng co-founded Google Brain and led Baidu’s AI group, and now he’s launching a startup initially focused on using AI to revolutionise manufacturing. The new startup, Landing.ai, chose this industry to begin with as “it is through manufacturing that human creativity goes beyond pixels on a display to become physical objects. By bringing AI to manufacturing, we will deliver a digital transformation to the physical world.” Ng believes AI technology is well suited to addressing...

14 December 2017 | Manufacturing

Musk: Tesla is building its own AI chips

In an unsurprising revelation, Tesla CEO Elon Musk has finally admitted his company is building its own AI chips. Tesla is a pioneering and forward-looking company and, as our readers know well, AI is the future of just about everything. It would have been a safe bet Tesla intends to be at the forefront. During a Tesla-hosted party at the NIPS intelligence conference in Long Beach, which has been called ‘draft day’ for how AI companies use it to recruit talent, Musk told attendees: "I...

8 December 2017 | Connected Cars