Intel investing $13M in a startup building an AI chip that can transfer data 1,000 times faster

Intel is investing $13 million in Untether AI, a startup that’s working on a novel type of chip for artificial intelligence that promises to perform neural-network calculations at warp speed. Untether, based in Toronto, Canada, has already developed a prototype device that transfers data between different parts of the chip 1,000 times more quickly than a conventional AI chip. That’s an impressive achievement, but it should be treated cautiously since the prototype is far larger than an actual chip—and because other factors will contribute to the overall performance of the…

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Instagram is making a bold move on fake likes and follows

Instagram is preparing for a huge purge on automated apps people use to leave spammy comments or follow then unfollow others in hopes of growing their audience. Any fake likes and follows from accounts that use third-party services to get more engagement are going to now be removed the company announced as part of policy change today. Instagram says, We’ve built machine learning tools to help identify accounts that use these services and remove the inauthentic activity. This type of behavior is bad for the community, and third-party apps that…

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AI ‘poses less risk to jobs than feared’ says OECD

Fewer people’s jobs are likely to be destroyed by AI (artificial intelligence) and robots than has been suggested by a much-cited study, an OECD (Organisation for Economic Co-operation and Development) report says. An influential 2013 forecast by Oxford University said that about 47% of jobs in the US in 2010 and 35% in the UK were at “high risk” of being automated over the following 20 years. But the OECD puts the US figure at about 10% and the UK’s at 12%. Even so, it says many more workers face…

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Experts think AI Might Mess with us in the Next Five Years

When we talk about the dangers posed by artificial intelligence, the emphasis is usually on the unintended side effects. We worry that we might accidentally create a super-intelligent AI and forget to program it with a conscience; or that we’ll deploy criminal sentencing algorithms that have soaked up the racist biases of their training data. What about the people who actively want to use AI for immoral, criminal, or malicious purposes? Aren’t they more likely to cause trouble — and sooner? The answer is yes, according to more than two…

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Globaldata: Artificial Intelligence (AI) more crucial for IoT than Big Data insights

Artificial intelligence won’t solve every problem, but its current applications are already fundamentally reshaping the way we do business and collect data. While the development of the internet of things has revolutionized heavy industry, online shopping, localized data collection and virtually every other aspect of modern life and business, innovators are still struggling over the future of the IoT, and how they’ll get there. While many see big data as the driving engine behind the IoT, savvy investors and entrepreneurs have shown that the real power behind the interconnectivity phenomenon…

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AI is now at the heart of every innovative economy

How do you solve an enormous problem like stagnant global growth? It would require getting more productivity from people already working flat out. The solution? Well, it comes from something other than people, of course. Artificial Intelligence (AI) has the potential to double the GDP growth rates of 12 developed economies by 2035 a study found out. The study, entitled Why Artificial Intelligence is the Future of Growth, also found that AI could significantly boost labour productivity – by up to 40pc in some cases. Between them, the 12 countries…

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LinkedIn loses legal right to block startup from public profile data

A Judge on Monday ruled that an analytics company has the right to scrape data from LinkedIn . HiQ, the data gatherer, has been processing publicly available data from LinkedIn and using it to train AI models, until May when LinkedIn demanded it stop.  U.S. District Judge Edward Chen in San Francisco granted a preliminary injunction request brought by hiQ Labs, and ordered LinkedIn to remove within 24 hours any technology preventing hiQ from accessing public profiles in a test of how much control a social media site can wield…

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Microsoft just officially listed AI as one of its top priorities

Microsoft just named artificial intelligence as one of its top priorities in a financial filing. The annual report for the company’s 2017 fiscal year, which ended on June 30, now includes six references to AI, up from zero in the previous annual report. And the company has plunked AI into its corporate vision statement, too. “Our strategic vision is to compete and grow by building best-in-class platforms and productivity services for an intelligent cloud and an intelligent edge infused with AI,” the company wrote in the annual report, which was…

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Q&A with Matt Roberts-Davies, M-Changa; Create Innovative Products That Match Local Culture

ITBusiness spoke with Matt Roberts-Davies, the Business Development Manager/Experience Director at M-Changa, a fundraiser management platform that provides cutting edge end-to-end management tools to enhance fundraising success. The session is majorly on the tech trends in Africa and the novelty of the internet of things (IoT). 1. How can you define the technology sector in Kenya? There is a lot of buzz around tech in Nairobi, Kenya’s capital city. One of the main reasons for this is the success of M-Pesa, a digital wallet that has reached mass adoption in…

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Microsoft launching a new AI startup program in Paris

Microsoft is making efforts to give space for the new start-up ventures that are going make changes for the coming years. The Tech giant is set to focus on artificial intelligence. More and more startups are trying to grasp the AI field and most are new startups. This will certainly create a major impact on the AI startups. This may lead to Microsoft to start their new program for AI at the Station F. Microsoft has had a startup accelerator in the Sentier neighborhood for a few years now. When…

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