Artificial Intelligence News for December 09 2017

Artificial Intelligence: U.S. and Japan

Risk Management The Rise of Artificial Intelligence

Artificial intelligence-AI for short-refers to technology that aims to bring a greater level of autonomy to computers, ­giving them the ability to assess, learn, predict, infer and then make real-time decisions without user input. Its resurgence in the world of business has brought with it the arrival of new services and startups that are incorporating state-of-the-art AI to help automate and speed up a range of activities, including financial risk management, identification of cyberthreats and fraudulent activity, security threat tracking, and medical diagnosis procedures and analysis. “There is definitely a big buzz about artificial intelligence right now,” said Akli Adjaoute, founder and CEO of Brighterion, a provider of AI-powered data breach and fraud detection software used by firms like MasterCard. With all the new excitement about AI, there have also been renewed warnings from notable technologists including Bill Gates and Elon Musk about the potential dangers that could come with the proliferation of advanced artificial intelligence technology. Notable startups funded last year include the aforementioned, which is building a human-like email scheduling and negotiation service; Clarifai, which focuses on visual recognition and tracking technology; Entrupy, which uses AI for counterfeit detection; Metamind, which aids financial and healthcare firms in decision-making and has software that helps databases self-correct; Vicarious, which aims to build machines that have the ability to perceive shape, texture, color and depth; and Sentient Technologies, which aims to apply AI techniques to complex problems like predicting financial market behavior and analyzing vast quantities of medical data. “People are very hopeful today that all kinds of problems can be solved by applying AI technology to massive data sets, and AI systems certainly have the potential to cut down risk in a variety of applications,” said Ernest Davis, an AI researcher and professor in the computer science department at New York University. “Utilizing deep learning techniques, we are seeing breakthroughs in a range of AI fields,” said Devi Parikh, a professor at the Virginia Center for Autonomous Systems at Virginia Tech who recently won a grant from the Paul G. Allen Foundation’s Distinguished Investigator Program in Artificial Intelligence. In his book, Superintelligence: Paths, Dangers, Strategies, Bostrom argues that current advances in AI technology are continuing at a fairly rapid pace and could lead to the creation of an artificial intelligence technology that far surpasses human-level intelligence. Celebrated physicist Stephen Hawking also warned that, over time, the development of artificial intelligence could spell the end of the human race. Elon Musk, the founder of Tesla Motors and Space X, likened the danger of building out artificial intelligence to “Summoning the devil” and said that the threat posed by AI could be greater than that of nuclear weapons. “We will continue to maintain control over the situation because we have control. We were here first and we can decide to build or not to build what we want.” While Bostrom fears an artificial intelligence takeover, Davis does not see why it should be all that difficult to inject simple ethical guidelines into AI-powered computers. “As we move forward, the right precautions will be in place, so I am not seriously concerned.” Her current research involves injecting common sense guidelines into artificial intelligence technology and helping AI-powered machines to “Fail gracefully,” meaning that machines would raise a warning before they fail, alerting human operators to any problems or risks.

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artificial intelligence Cloud Computing Today

Artificial intelligence vendor Sentient Technologies recently announced the finalization of $103.5M in Series C funding in a round led by Tata Communications, existing investor Horizons Ventures and a group of private investors. Sentient’s technology features an artificial intelligence and machine learning platform that operates on distributed datasets to develop actionable business intelligence from disparate, asynchronous data sources. The company’s patent pending technology has thus far been used to develop analytic insights in the financial and healthcare industries. Sentient differentiates itself in the artificial intelligence space by way of its unique ability to scale to process artificial intelligence jobs on millions of nodes in parallel. As an investor, we share a common vision on the transformative force that massively distributed computing and artificial intelligence can play in helping businesses get insights and solve their most complex big data problems. We see Sentient at the forefront of these technologies and bringing a disruptive approach to cloud based computing services. The scale of our leading global network infrastructure and data center footprint also complements Sentient’s growth plans and will enable its global deployment. Here, Kumar positions Sentient Technologies as contributing to the “Transformative force that massively distributed computing and artificial intelligence” currently plays in revolutionizing the way in which businesses manage big data analytics. Sentient delivers a “Disruptive” approach to cloud-based distributed artificial intelligence that benefits from its collaboration with Tata’s global data center and network infrastructure. Sentient participates in a resurgence of artificial intelligence technologies as evinced by IBM’s $100M venture fund in Watson supercomputing, Google’s acquisition of DeepMind technologies for $500M and early stage artificial intelligence startups such as, Idibon, Expect Labs and Prediction IO. Given that Sentient’s Series C funding represents the largest venture round funding investment in an artificial intelligence startup to date, the industry should expect more details of its technology platform and product roadmap to emerge in upcoming months. Sentient’s platform differentiates by way of its distributed artificial intelligence technology and massive ability to scale, although details of its predictive analytics and data management technology have yet to emerge. For now the bottom line is that AI is hot both for investors and prospective customers that are increasingly interested in leveraging iterative machine learning technologies into business operations.