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Mar 27, 2017

Hedge Funds Are Training Their Computers to Think Like You

Posted by in categories: finance, robotics/AI

Hedge funds have been trying to teach computers to think like traders for years.

Now, after many false dawns, an artificial intelligence technology called deep learning that loosely mimics the neurons in our brains is holding out promise for firms. WorldQuant is using it for small-scale trading, said a person with knowledge of the firm. Man AHL may soon begin betting with it too. Winton and Two Sigma are also getting into the brain game.

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Mar 27, 2017

A new $100 million Russian investment fund is targeting AI startups globally

Posted by in categories: business, education, robotics/AI

Global AI investment fever has hit Russia, with a recently launched $100 million fund making its inaugural investments.

Announced in late 2016, the fund is backed by Larnabel VC, the venture arm of the Gutseriev family, one of the richest in Russia, and VP Capital, the investment vehicle of Belarussian businessman Viktor Prokopenya.

The joint fund is sector-agnostic. “We are interested in a wide range of companies that apply AI technologies in interesting, unique, and impactful ways. We don’t restrict ourselves to specific industries or sectors. We are interested in every application of artificial intelligence, from fintech to entertainment, to education, and beyond,” Prokopenya told East-West Digital News.

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Mar 27, 2017

Insead Releases Second Ebook on Gens x, y, And z – State of (Un)Readiness

Posted by in category: futurism

STATE OF (UN)READINESS The new report offers insights on how Gens X, Y and Z believe the workplace should function and the technologies poised to transform it.

Middle East, Asia, Europe 28 February 2017.

INSEAD Emerging Markets Institute, Universum, The HEAD Foundation and MIT Leadership Centre today announced the release of the second eBook, State of (un)readiness, which sets out to investigate a series of ideas from a bottom-up survey of students and professionals from Generations X, Y, and Z – not from the employer’s perspective.

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Mar 27, 2017

Robots, artificial intelligence boom may cost US, UK at least 1/3 of their jobs: Study

Posted by in categories: employment, robotics/AI

Accounting firm PwC says nearly a third of British jobs might be threatened by robots.

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Mar 27, 2017

Robotic Process Automation Market Growing at a CAGR of 30.14% During 2017 to 2022

Posted by in category: robotics/AI

Robotic Process Automation Market size is projected to reach USD 2,467.0 million by 2022, growing at a CAGR of 30.14%. While automated solutions industry estimated at the highest CAGR but Rule-based robotic process automation held a larger market share during the forecast period which is led by Asia Pacific region.

Browse 69 tables and 66 figures, 11 Company profiles spread across 146 pages available at http://www.reportsnreports.com/reports/901064-robotic-proces…-2022.html.

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Mar 27, 2017

Google Develops A Deep Learning Machine That Could Learn As Fast As Humans

Posted by in categories: finance, robotics/AI

The prospect that artificial intelligence (AI) might one day surpass human intelligence is one that many people, including a number of notable personalities, are terrified of. And it’s not hard to see where that fear is coming from.

As it is, deep learning machines have already shown a number of ways where they outperform humans. So far, they can play video games, recognize faces, and even do stock market trading. There’s one area, though, where humans are still superior, and that’s the speed at which we learn.

Right now, humans learn at a rate that’s 10 times faster than that of a deep learning machine. And it is this ‘superiority’ that has kept that ‘AI taking over humans’ apocalyptic view in the background. Thanks (or no thanks?) to Google, however, this status quo is about to change.

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Mar 26, 2017

Google to bring artificial intelligence into daily life

Posted by in categories: biotech/medical, finance, robotics/AI

Tech to aid video search, detection of disease and of fraud.

Artificial intelligence has been the secret sauce for some of the biggest technology companies. But technology giant Alphabet Inc.’s Google is betting big on ‘democratising’ artificial intelligence and machine learning and making them available to everyone — users, developers and enterprises.

From detecting and managing deadly diseases, reducing accident risks to discovering financial fraud, Google said that it aimed to improve the quality of life by lowering entry barriers to using these technologies. These technologies would also add a lot of value to self-driving cars, Google Photos’ search capabilities and even Snapchat filters that convert the images of users into animated pictures.

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Mar 26, 2017

Elon Musk’s Billion-Dollar Crusade to Stop the A.I. Apocalypse

Posted by in categories: Elon Musk, robotics/AI

Elon Musk is famous for his futuristic gambles, but Silicon Valley’s latest rush to embrace artificial intelligence scares him. And he thinks you should be frightened too. Inside his efforts to influence the rapidly advancing field and its proponents, and to save humanity from machine-learning overlords.

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Mar 26, 2017

Japan Tests Self Driving Bus

Posted by in categories: robotics/AI, transportation

Well this! Great advertising as well :-).


It’s not electric and it doesn’t look futuristic. Japan aims at practicality with this self-driving minibus.

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Mar 26, 2017

Scientists Have Turned Spinach Into Beating Human Heart Tissue

Posted by in category: biotech/medical

Researchers have successfully used spinach leaves to build functioning human heart tissue, complete with veins that can transport blood.

To tackle a chronic shortage of donor organs, scientists have been working on growing various tissues and even whole organs in the lab. But culturing a bunch of cells is only part of the solution — they simply won’t thrive without a constant blood supply.

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