Dr Ling Ge, Chief European Representative at Tencent, said:

“The UK is a global leader in AI and is increasingly becoming a focus for companies looking to invest in the sector. PROWLER.io’s data-efficient approach and focus on human-machine teaming really set it apart.

We are looking forward to PROWLER.io applying its AI decision platform to a broadening range of customers, potentially including some of Tencent’s affiliate companies.”  

Prowler was founded in 2016 by engineers and mathematicians from Cambridge University. The startup aims to be an ‘AI platform for decision-making in a complex, dynamic, and uncertain world.’

Vishal Chatrath, CEO of Prowler.io, commented:

“Having initially focused on developing our AI platform, we are excited to be expanding our product offering into new verticals, underscoring the flexibility and innovative nature of our core technology.

We’re excited to be supporting global corporate and financial leaders like Mandatum Life, Pearson, RB Capital and Tencent with AI tools that enable people to make better decisions.”

Prowler.io launched its AI platform focusing on things such as managing supply chains and making decisions about financial portfolios. The company is now hoping to expand into new areas.

Lauri Vaittinen, SVP at Mandatum Life, a Prowler.io investor, added:

“Prowler.io is on its way to becoming a true enterprise AI platform — successfully expanding from its initial focus on financial services and logistics to apply its core AI technology to multiple adjacent market segments.

We are confident that the strategic partners, alongside the existing funding support, will help the company accelerate practical implementations – including hiring more engineering talent, operational managers, and reinforce the product development expertise.”

Founded in 2016, Prowler.io currently has 110 employees from 29 countries.

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Based on the comments made by Elon Musk and Vladimir Putin in our article yesterday, you’d be forgiven if this raises some concerns. AI like Prowler, however, could be what saves us from destruction.

If you missed it, Musk voiced his concern about Putin’s comment that the nation which leads in AI “will become the ruler of the world.”

Some are concerned about an AI arms race and that, without human input, an AI relying solely on logic could decide on things such as launching preemptive strikes as being the most likely to achieve victory or protect its host nation. This decision would be devoid of empathy for the human, environmental, political, and long-term destabilising catastrophes this would create.

Mark Cuban, a billionaire and possible U.S. president runner in 2020, shares a concern about killer AI:

Autonomous weaponry is the ultimate threat to humanity. https://t.co/C0EEfwOCDw

— Mark Cuban (@mcuban) September 4, 2017

Cuban, however, points out it’s AIs not taking on human-like qualities which pose the biggest threat:

I’m concerned about machines NOT taking on human like qualities https://t.co/1pG75agllk

— Mark Cuban (@mcuban) September 4, 2017

Most AI development today focuses on deep neural networks using vast amounts of data. This approach is vital for problem-solving as it is very effective, but for decision-making, Prowler argues it is limiting.

Building a decision-making AI

Prowler is building a decision-making AI which is based on probabilistic modelling, reinforcement learning, and game theory. For each of those areas, Prowler has experts in their field combining their knowledge to create an AI it hopes will make decisions as well as a human.

The company was co-founded by two alums from AI company VocalIQ, which was acquired 13 months after launch by Apple. Today, Cambridge Innovation Capital (CIC) announced it led a £10 million Series A funding round for Prowler.

“Prowler has assembled a world-class team of researchers to tackle some of the most intractable problems of our age,” comments Andrew Williamson, Investment Director at CIC, who is joining the Board of Prowler. “It is hugely exciting that the company is able to capitalise on the expertise in probabilistic modelling, principled machine learning and game theory available in Cambridge.”

“This investment allows us to expand our world-leading team of academics and developers, enhancing our research bandwidth and accelerating our technology into the market,” added Vishal Chatrath, CEO of Prowler. “As a team, we will use the funding to take the business to the next stage and we will continue to solve some of the world’s hardest machine learning problems.”

Despite popular belief, the closer we get to AI taking on human-like qualities could save us all. At the least, it will be far more efficient.

What are your thoughts about AI making human-like decisions?

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