Research: AI is a ‘welcome boost’ that could add millions to GDP

New research from McKinsey and Quantumblack suggests UK businesses adopting AI could see their value increase by 120 percent within a decade.

AI overall could provide a 22 percent GDP boost worth millions to the UK economy, according to the research.

However, the report warns that firms which do not integrate AI into their day-to-day business risk around 20 percent of their cash flow today.

In separate research last year, McKinsey wrote:

“By 2030,...

11 June 2019 | Europe

AI Expo Global: Fairness and safety in artificial intelligence

AI News sat down with Faculty's head of research Ilya Feige to discuss safe and fair practices in artificial intelligence development.

Feige had just finished giving a talk entitled ‘Fairness in AI: Latest developments in AI safety’ at this year's AI Expo Global. We managed to grab him to get more of his thoughts on the issue.

Rightfully, people are becoming increasingly concerned about unfair and unsafe AIs. Human biases are seeping into algorithms which poses a...

1 May 2019 | Ethics

Nvidia explains how ‘true adoption’ of AI is making an impact

Nvidia Senior Director of Enterprise David Hogan spoke at this year’s AI Expo about how the company is seeing artificial intelligence adoption making an impact.

In the keynote session, titled ‘What is the true adoption of AI’, Hogan provided real-world examples of how the technology is being used and enabled by Nvidia’s GPUs. But first, he highlighted the momentum we’re seeing in AI.

“Many governments have announced investments in AI and how they're going...

26 April 2019 | Applications

EU AI Expert Group: Ethical risks are ‘unimaginable’

The EU Commission’s AI expert group has published its assessment of the rapidly-advancing technology and warned it has “unimaginable” ethical risks.

Some of the highlighted risks includes lethal autonomous systems, tracking individuals, and ‘scoring’ people in society.

On the subject of lethal autonomous systems, the experts warn machines with cognitive skills could “decide whom, when and where to fight without human intervention”.

When it comes...

11 April 2019 | Ethics

EU Commission advances work on AI ethical guidelines

The EU Commission is advancing work on the establishment of AI ethical guidelines to ensure they can be put into practice.

A group of industry experts were appointed in 2016 to establish guidelines which ensure that AI is developed sensibly.

There are seven key pillars to the EU's ethical AI strategy:

Human agency and oversightRobustness and safetyPrivacy and data governanceTransparencyDiversity, non-discrimination, and fairnessSocietal and environmental...

8 April 2019 | Ethics

UK investment in AI startups nears the rest of Europe combined

The UK is splashing the cash on artificial intelligence startups so much that it almost totals the rest of Europe combined.

Venture capital firms invested a record $1.3bn (£998m) in UK-based AI companies last year.

The figures are provided by Dealroom and show a fourfold increase in five years. A couple of notable rounds includes $200 million for Graphcore in your humble editor’s hometown of Bristol, and $50 million for what feels like my second home of...

21 February 2019 | Europe

European AI researchers form group over falling behind fears

A group of European researchers are coming together in a bid to advance AI research over fears the continent will fall behind. The initiative will be called the European Laboratory for Learning and Intelligent Systems (ELLIS) and was launched on 6th December at the Neural Information Processing Systems (NeurIPS) meeting in Montreal, Canada. Almost 200 researchers signed an open letter published in April warning AI investment and expertise in Europe is lagging behind the likes of North...

12 December 2018 | Europe

Microsoft believes the UK can be a ‘game changer’ for AI

A new report from Microsoft claims the UK has the right mix of ingredients to be a clear ‘game changer’ for the AI industry. The UK has established itself as a leader in AI with its renowned universities generating talent and spurring internationally recognised companies such as DeepMind, which was acquired by Google for £400 million. In the report, Microsoft wrote:

“The UK’s mix of start-up culture, renowned academic research capabilities, and...

1 November 2018 | Government

UNICRI AI and Robotics Centre: AI will transform our world

Irakli Beridze un unicri ai expo

Speaking at AI Expo in Amsterdam, Irakli Beridze from the AI and Robotics Centre at UNICRI provided his thoughts on how AI will transform our world. Irakli started with a positive note that’s easily forgotten: never has the world been more safe, connected, and prosperous. “We have developed technologies which have the potential to solve problems we never thought were possible,” says Beridze. “Most of them are related to the UN’s sustainable development goals.” World-Changing...

2 July 2018 | Ethics

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