DTCC wants to put hundreds of trillions of dollars of securities transactions on the blockchain
WHY THIS MATTERS IN BRIEF The Vice Chairman of the DTCC argues that a lack of standards is holding back blockchains adoption in the financial services industry, and he wants to change that   Last week Larry Thompson, the Vice Chairman of the US Depository Trust and Clearing Corporation... Read more
Meet the new harvesting robots that can pick 10,000 apples an hour
WHY THIS MATTERS IN BRIEF Jobs that require precision and dexterity have long been protected against automation because robots could mimic the behaviour of humans accurately or fast enough, but now all that’s changing   Harvesting Washington State’s vast fruit orchards each year requires thousands of temporary farmworkers, but that could... Read more
Inside the Sony lab making the world’s first AI music album
WHY THIS MATTERS IN BRIEF Artificial intelligence is getting creative and later this year Sony plan on releasing the first AI produced album. Will you buy it? and more importantly will you know the difference?   Some 70 years ago, computer scientist Alan Turing famously set the bar for... Read more
Experts are starting to agree that AI will replace CEO’s
WHY THIS MATTERS IN BRIEF If you can break a job into roles and tasks you can automate it, and now CEO’s are coming into the firing line…   There’s a saying – if you can describe your job in one sentence then get prepared for it to be... Read more
Dreamcatchers, researchers announce they can see into people’s dreams
WHY THIS MATTERS IN BRIEF We already have the nascent technology that allows us to stream live movies from people’s minds but streaming dreams has been illusive because we didn’t know where they originated, until now   Throughout the Millennia our dreams, and our ability to dream, has fuelled... Read more
By 2021 this AI could help us talk to dolphins
WHY THIS MATTERS IN BRIEF Artificial intelligence can already translate hundreds of languages but now we might be seeing the first signs of the creation of the world’s first Universal Translator   We’ve been using Artificial Intelligence (AI) to help us develop facial recognition systems that we can use... Read more
Nvidia has found a way to let people peer into the brain of its AI
WHY THIS MATTERS IN BRIEF As AI’s that rely on neural networks become more integrated into our global economy, and the digital fabric of our world, people are concerned that noone can explain how they do what they do, but Nvidia thinks it might have an answer…   A... Read more
Clinton, Obama and Trump just endorsed a scarily accurate AI mimic
WHY THIS MATTERS IN BRIEF Artificial intelligence is gaining new skills all the time, and now it’s creating scarily accurate impressions of celebrities   The Lyre Bird is a unique bird that lives in the Amazon Rainforest because it’s especially skilled at copying the sound of its surroundings. It’s... Read more
Amazon is on track be the world’s first fully automated fulfilment company
WHY THIS MATTERS IN BRIEF The combination of “old school” robotics and new AI and Machine Vision technologies is helping robotics companies automate increasingly complex tasks that were once thought to be the exclusive domain of humans   By the time you’ve picked your Amazon parcel up off of... Read more
World’s biggest meat producer begins rolling out robot butchers
WHY THIS MATTERS IN BRIEF Lower cost robots are increasingly being augmented with advanced AI and that’s accelerating the rate at which human jobs are being automated   Robots, which might get actual rights later this year when the EU votes on the issue, have been improving a lot... Read more
AI has learnt to predict heart attacks more accurately than doctors
WHY THIS MATTERS IN BRIEF Every year millions of people die from heart disease and this new system could save thousands, perhaps tens of thousands of extra lives   Every year an estimated 20 million people die from heart disease, but now, hot on the heels of an artificial intelligence... Read more
Wall Street traders are getting crushed by AI
WHY THIS MATTERS IN BRIEF More investment companies are embracing AI to help them find an edge in the market and generate massive returns, and so far the data indicates that AI traders are crushing their human equivalents   An international team of researchers from the School of Business... Read more
An AI hedge fund designed a cryptocurrency to open source Wall Street
WHY THIS MATTERS IN BRIEF The finance marketplace is unique in that, unlike the technology sector, it has little to no “network effect” but one entrepreneur is trying to change that   Wall Street is a competition, a Darwinian battle for the almighty dollar. Gordon Gekko said that greed... Read more
Watch: Sony released two new songs from an unsigned AI
WHY THIS MATTERS IN BRIEF Creative machines should be decades away but they’re here, today, and increasingly it looks like “creativity” is just another word for “algorithm”   Sony recently announced that they’ve released two brand new pop songs from a new, unsigned artist, and while the announcement shouldn’t seem... Read more
The robo-lawyer that overturned 160,000 parking tickets is helping refugees claim asylum
WHY THIS MATTERS IN BRIEF Claiming asylum is difficult at the best of times, and that’s if you’re not in fear of your life and can understand the language, now DoNotPay’s latest bot makes the process less tortuous   The creator of a chatbot that helped to over turn... Read more
The USAF turned an F-16 fighter jet into the world’s most advanced drone
  WHY THIS MATTERS IN BRIEF Militaries around the world are weaponising AI and drones to create semi, or fully, autonomous weapons platforms and the pace of development is accelerating   Earlier this week the US Air Force (USAF) announced that it has managed to turn  an F-16 fighter... Read more
Darktrace’s new AI automatically stops cyber attacks
WHY THIS MATTERS IN BRIEF AI’s are increasingly being deployed to expose and eliminate cyber security threats and now fully autonomous cyber security platforms, that take humans out of the loop, are becoming a reality   With the number of cyber attacks rising exponentially and with many organisations now... Read more
Baidu’s AI just achieved Zero Shot Learning
WHY THIS MATTERS IN BRIEF As babies humans often “just learn” things, it’s a gift, but now AI’s are catching us up and starting to learn in the same way we do and it’ll change AI forever   Given the glut of artificial intelligence (AI) breakthroughs in the past... Read more
OpenAI thrashes DeepMind using an AI from the 1980’s
WHY THIS MATTERS IN BRIEF Decades old AI algorithms are increasingly demonstrating that, with some fine tuning, they can thrash today’s best systems – and people are taking notice   Artificial intelligence (AI) researchers have a long history of going back in time to explore old ideas, and now... Read more
An AI backed by Elon Musk just ‘evolved’ to learn by itself
WHY THIS MATTERS IN BRIEF True unsupervised learning, that allows AI’s to learn by themselves, will represent a quantum leap in AI development and begin pushing it to the next level   Most of today’s artificial intelligence (AI) systems rely on machine learning algorithms that can predict specific outcomes... Read more
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