Daily Archives: June 28, 2017

Virtual Reality excites Cannes Lions festival – euronews

Posted: June 28, 2017 at 6:17 am

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This year the Cannes Lions International Festival of Creativity was the worlds largest gathering of digital creators and innovators from the communications and advertising industries.

A multitude of speakers were at the festival, and there were a multitude of prizes for Film, Film Craft, Media, Press, Outdoor, Cyber, Promo & Activation, Direct, Design, Radio, Mobile and more.

So what was the next big thing everyone was talking about? That would be Virtual Reality although the technology is still in its infancy.

VR makes life virtual, it mimics real world scenarios, usually in a 3D environment, so that people could potentially walk around the Louvre Museum in Paris, without having to physically be there. Or they can learn how to operate in a hostile environment, such as one of the frontlines of the conflict in Syria, without having to put themselves in danger. And thats not to forget the most obvious VR vehicle computer games where the technology is at its most advanced.

Virtual reality is dominated by visual media, and for most people youtube is currently the main platform people go to to look for video on the internet. Debbie Weinstein, the managing director for YouTube and video solutions, told Euronews what this brave new world might be like.

I think the possibility of virtual reality is really having these deeply immersive experiences. Its as if you are there, as if you are in the front row at the concert So its as if the two of you, or three of you, or a group of you are at the front row of a concert of your favourite artist. Youre all experiencing virtual reality at the same time, but you are not actually there, she says.

The possibilities are endless because ultimately VR is simply another media, but there are some very valuable real-life advantages to contemplate. In medicine surgeons may in the future gain valuable experience practising on virtual organs when its clearly unethical for them to practise on a real-life patient. Or police officers may be able to train in a 3D simulated terror attack environment. It will never be quite the same as real life but technology will bring us ever closer to the real thing in the future.

Other big things to take away from Cannes Lions? Taking data privacy more seriously came up repeatedly.

Today we only need our smartphone to work, to get a car, order food, watch video, listen to music, read and so on. Many of us can spend days with our smartphones only and cant survive for too long without it.

This trend will not change much in the future all the companies at Cannes agreed on that. But it will raise the issue of data privacy soon, according to Alex Cheeseman, the Chief Strategy Officer at Storyful, a company which trawls the internet looking for newsworthy content to sell to its subscribers.

I believe there is going to be a major shift in consumers wanting to own their data. But for now people arent that interested. Consumers dont really care about their data, theylI give it to any website. Theyll tick the box, they dont even read it.

And when people do realize their data has been compromised, or theyre worried that it could be,what can they do about it?

The only way for me to protect that data is to take it back myself, hold it, and wrap it up in my own layer of protection, Cheeseman said.

And when the publics trust in how safely their data is stored by countless web sites and servers begins to erode, many industries may face a sober reckoning.

Once people have their own data, what does that mean for advertisers, what does that means for social platforms? There is going to be a value exchange. Within the next two to five years this is going to be a massive trend. I think it will impact the industry massively.

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Virtual reality lab in Brooklyn, an NYC-NYU joint, to open in late … – amNY

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City Hall and New York University are looking to tag team their way into another realm - a time and place where the citys virtual reality sphere rivals the tech scene in Silicon Valley.

City officials announced Tuesday that NYU Tandon School of Engineering has been selected to operate a virtual and augmented reality lab in the Brooklyn Navy Yard that is expected to open in late 2017.

As part of its agreement with the city, NYU is organizing a workforce development program with CUNY that will direct graduates from the Lehman Colleges Virtual Reality Training Academy and Development Lab to the 15,000-square-foot lab in Brooklyn.

City officials said the government invested $6 million in the project - making it the first publicly funded virtual reality lab in the country focused on growing the industry - because they believe it will help create 500 jobs over the next decade. These positions are part of Mayor Bill de Blasios plan to create 100,000 jobs that pay at least $50,000 annually over the next 10 years.

By training the next generation in [virtual reality] and [augmented reality], its really making sure that we are having people trained in New York, who stay in New York and work in these fields, said Media and Entertainment Commissioner Julie Menin.

NYU Tandon School of Engineering Vice Dean Kurt Becker said the lab would admit fledgling startups to an accelerator program meant to help them through their first few months and more established firms to a two-year stay.

The accelerator program will help companies conduct market research and glean how their ideas could fit consumers needs, attract seed funding and craft a viable business plan.

All firms admitted to the lab will receive legal, intellectual property, human resources and accounting services on top of help meeting investors, according to Becker.

We will host pitch days; we will host demo days; we will host networking events to bring the companies in front of people with money, Becker said.

NYU will likely charge a per-desk rate for firms using the lab, and will likely receive a stake in the firms going through its accelerator program in lieu of charging for the program, Becker said.

He said NYU has not yet heard from groups looking to join the lab, but has already lined up some partnerships with corporations looking to support its occupants.

NYU and Lehman are still finalizing the details of the workforce development plan.

The university beat out 14 other applicants looking to run the lab, in part, because of its approach to training New Yorkers for the field, according to Ryan Birchmeier, a spokesman for the citys Economic Development Corporation.

One of the foundations of the citys plans to establish a VR/AR lab is to make the industry more accessible to New Yorkers from diverse backgrounds, Birchmeier said in a statement. NYU Tandon was selected to develop the lab, largely due to their commitment to workforce development, and the breadth of significant efforts they outlined in their proposal to drive accessibility.

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IBM is telling Congress not to fear the rise of an AI ‘overlord’ – Recode

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The brains behind IBMs Jeopardy-winning, disease-tracking, weather-mapping Watson supercomputer plan to embark on a lobbying blitz in Washington, D.C., this week, hoping to show federal lawmakers that artificial intelligence isnt going to kill jobs or humans.

To hear IBM tell it, much of the recent criticism around machine learning, robotics and other kinds of AI amounts to merely fear mongering. The companys senior vice president for Watson, David Kenny, aims to convey that message to members of Congress beginning with a letter on Tuesday, stressing the real disaster would be abandoning or inhibiting cognitive technology before its full potential can be realized.

Labor experts and reams of data released in recent months argue otherwise: They foretell vast economic consequences upon the mass-market arrival of AI, as entire industries are displaced not just blue-collar jobs like trucking, as self-driving vehicles replace humans at the wheel, but white-collar positions like stock trading too.

Others fear the privacy, security and safety implications as more tasks, from managing the countrys roads to reading patients X-ray results, are automated and the most dire warnings, from the likes of SpaceX and Tesla founder Elon Musk, include the potential arrival of robots capable of destroying mankind.

But as IBM seeks to advance and sell its AI-driven services, like Watson, the company plans to tell lawmakers those sort of concerns are fantasy. Along with a private meeting with some lawmakers near Capitol Hill on Wednesday, Kenny is urging Congress to avoid reacting out of fear and pursuing some proposals, like an idea from Bill Gates to tax robots, as regulators debate how to handle this fast-growing field.

The impact of AI is evident in the debate about its societal implications with some fearful prophets envisioning massive job loss, or even an eventual AI Overlord that controls humanity, Kenny wrote. I must disagree with these dystopian views.

For IBM, the stakes are high: Watson and the future of what it calls cognitive technology are critical to Big Blues business. Beyond Watsons existing work from aiding in cancer research to funnier tasks, like writing a cookbook IBM has sought to bring its famed supercomputer to tackle some of the sprawling, data-heavy tasks of the federal government.

In some ways, though, the most vexing challenges facing AI arent technological theyre political.

Self-driving cars, trucks and drones, for example, cant just take to the roads and skies without permission from local and federal regulators, which are only just beginning to loosen restrictions on those industries.

Others fear that automation might lead to discrimination: Under President Barack Obama, the White House spent months warning that highly powerful algorithms could share the biases of their authors, leading to unfair treatment of minorities or other disadvantaged communities in everything from obtaining a credit card to buying a house. Thats why his administration in October explicitly urged Congress to help it hire more AI specialists in key government oversight roles.

And more challenging still are the economic implications of AI. It will be up to federal officials including President Donald Trump or his successors to grapple with untold numbers of Americans who might someday find themselves out of a job and in need of training in order to find new careers. (Trumps own Treasury secretary, however, previously has said AI is more than 50 years away from causing such disruptions.)

Sensing potential political hurdles, companies like Apple, Facebook, Google and IBM chartered a new organization, the Partnership for Artificial Intelligence, last year. In doing so, they hoped to craft ethical standards around the safe and fair operation of machine learning and robotics before government regulators in the United States or elsewhere sought to more aggressively target AI with consumer protection regulations. AI now counts among some of those tech companies regular lobbying expenses.

And IBM, in particular, has spent years trying to tell a friendlier, less economically catastrophic story about AI in the nations capital a campaign that it will continue this week.

Technological advancements have always stoked fears and concern over mass job loss, Kenny wrote in his Tuesday letter to Congress. But history suggests that AI, similar to past revolutionary technologies, will not replace humans in the workforce.

In many cases, like cyber security and medicine, Kenny told lawmakers its still humans at the end of the day who can choose the best course of action when an AI system has identified a problem. He stressed that government should instead focus its attention on fixing a shortage of workers with the skills needed to work in partnership with AI systems.

For all the scrutiny facing the industry, however, some in Congress are still getting up to speed. Thats why lawmakers like Rep. John Delaney, D-Md., co-founded the Congressional Artificial Intelligence Caucus, an informal organization of Democrats and Republicans studying the issue. His group is joining IBMs Kenny and other tech leaders at a private, off-record event at the Capitol Hill Club on Wednesday.

Delaney told Recode he comes to AI from the perspective that the sky is not falling that even if industries change, old jobs might still be replaced by new ones in emerging fields. With the caucus, he said, the goal is to make sure Congress is as informed on this issue as possible, so when it inevitably has some sort of knee-jerk reactions on AI, the final response from Capitol Hill is more measured in scope.

Asked if the tech industry similarly appreciates the economic implications of its inventions, the congressman replied: I think the [tech] industry focuses, as it should, on being at the cutting edge of innovation and creating products and services that enhance productivity and improve peoples lives.

So when theyre thinking about driverless cars, do they spend more time thinking about how this will enhance productivity, and how it will [protect] safety, than the jobs that will be affected? I think the answer is probably yes, but I dont think they do it in some of kind of nefarious way, Delaney said.

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IBM is telling Congress not to fear the rise of an AI 'overlord' - Recode

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Blatantly ironic art show about AI makes portraits using AI – Mashable

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Mashable

Blatantly ironic art show about AI makes portraits using AI
Mashable
To make the portraits he built his own proprietary AI-assisted computer program that takes images and online filters to create stylized prints of everyday people and celebrities, like Tesla CEO Elon Musk, Facebook CEO Mark Zuckerberg, performer Kanye ...

and more »

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Blatantly ironic art show about AI makes portraits using AI - Mashable

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Drive.ai raises $50 million in funding; Andrew Ng joins board – Reuters

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SAN FRANCISCO Self-driving startup Drive.ai said on Tuesday it raised $50 million in a second round of funding as the Silicon Valley company prepared to deploy its technology in pilot vehicles later this year.

The company, one of a handful of startups building fully autonomous systems for cars, also said it had added to its board Andrew Ng, a prominent figure in the artificial intelligence (AI) industry.

Ng formerly led AI projects at Baidu and Alphabet's Google. Ng is the husband of Drive.ai's co-founder and president Carol Reiley, a roboticist.

The latest round of funding - led by New Enterprise Associates, Inc, GGV Capital and existing investor China-based Northern Light Venture Capital - came as investor interest in autonomous vehicles continued to intensify.

Drive.ai is aiming to build an after-market software kit powered by artificial intelligence to turn traditional vehicles operated by businesses into self-driving models.

The company said existing business fleets would deploy its kits in pilot tests by year-end.

Drive.ai plans to distinguish itself through the team's expertise in robotics and deep learning, a subset of AI in which massive amounts of data are fed into systems until they can "think" for themselves.

Drive.ai, which received $12 million in an initial funding round last year, also named to its board the head of Asia for New Enterprise Associates, Carmen Chang.

(Reporting by Marc Vartabedian, editing by Alexandria Sage and Andrew Hay)

CHIBA, Japan Japan's Toshiba Corp has pushed back its timeline to clinch a sale of its prized flash memory chip unit, saying the $18 billion deal was being held up due to differences of opinion within the consortium chosen as preferred bidder.

TOKYO Japan's Toshiba Corp said on Wednesday it is filing a lawsuit against joint venture partner Western Digital Corp.

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Artificial Intelligence Could Add 10% to UK GDP, PwC Says – Bloomberg

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June 27, 2017, 7:01 PM EDT

Stop worrying that robots will steal your job. Artificial intelligence is actually set to boost to the British economy, according to PricewaterhouseCoopers LLP.

The majority of the U.K.s economic gains over the period to 2030 will come from increasing consumer demand thanks to AI driving a greater choice of products, increasing personalization and making them more affordable over time, PwC research published Wednesday shows.

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While we expect that the nature of jobs will change and that some will be susceptible to automation, our research shows that the boost to U.K. GDP that AI-driven products and services will bring will also generate significant offsetting job gains, PwC economist Jonathan Gillham said. Automating the more mundane and repetitive aspects of peoples jobs will also increase the U.K.s productivity and boost real wages.

While Britain could see a 10 percent increase in gross domestic product through 2030, the nations likely to see the biggest upswings are China and North America, which will be boosted 26 percent and 14.5 percent, PwC said. It sees the biggest gains in the retail, financial services, and health care sectors.

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Carnegie Mellon’s AI Program Aims to Better Prepare Students for the Changing Workforce – Fortune

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Carnegie Mellon University is revamping the way it teaches artificial intelligence.

The universitys computer science department debuted Tuesday its CMU AI initiative intended to better prepare students for entering the workforce.

The goal is to train students to build complex software systems or powerful robots that utilize multiple different AI technologies, whether it be machine learning tech to help those systems learn from data or technology that helps robots see and perceive the world similar to humans.

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There is a real science to building these things, said CMU dean of computer science Andrew Moore.

While its common for students or faculty members to concentrate on one specific subset of AI, like machine learning, those subsets represent only one portion of a finalized product, like a robot or digital assistant like Apples ( aapl ) Siri.

However, there hasnt been a standardized way to develop these complex projects that require multiple AI technologies to function together. Similar to how building a skyscraper requires people with expertise in diverse fields like structural engineering and concrete mixing, building powerful software like Siri or robots requires people with expertise in many different areas of AI.

We have done a good job of covering all the component parts, Moore said of teaching different subsets of AI like machine learning and computer vision. We need to be thinking very seriously about the science of putting it all together.

Students who know how to piece together all the various AI components into functioning software will have better chances at landing high-caliber jobs. Moore said that when he worked at Google ( goog ) where he was once a vice president of engineering and a director in Google's Pittsburgh officehe learned how rare and how desperate it was to find people who have these skill sets.

Moore says he hopes the new AI initiative will better train students to fill the labor pipeline.

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BankThink Is artificial intelligence the future of capital markets? – American Banker (subscription)

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Before the internet arrived, I used to be an equity analyst. I'd spend my days finding and arranging metaphorical jigsaw pieces to come up with a complete picture and an investment recommendation, which the sales guys would disseminate by telephoning their favorite clients first, and the ones they didn't like so much a bit later.

Today, at asset management companies and other financial institutions, there are still large teams of analysts and portfolio managers, sifting through data, developing investment theses and making asset allocation decisions. The difference is that we are deluged in data. Not only is the amount of data available to us accelerating, the nature of it is changing, with new sources of information being seen as potentially relevant for analysis. For example, the location-based data that comes from your mobile phone shows whether you are in a mall. Scaled over the whole of the country, this could allow us to see what is happening to footfall, which would help with understanding retail sales in real time. The footage from closed-circuit television that shows what's happening in transportation is another example. Or social media analysis of events happening in real time from people on the ground. Or weather data. The list goes on.

The reality is that there is just too much data for humans to be able to use. Opportunities go wasted because a team of humans just cannot create a sophisticated response to all of this. Of course, funds have been using complex algorithmic-driven trading strategies for years, but this is largely confined to market data. Imagine if we could take all the data that's coming from the real economy and use that to discern price, predict performance, understand risk and make better investment decisions. The only feasible way to do this is to use computing power to ingest the data, understand correlation and causation, and deduce rapidly enough how to respond. Artificial intelligence has now advanced to the stage where this is possible. While this gives rise to some interesting opportunities to radically transform investment management and capital markets, it will be very disruptive for people who work in the industry.

Let's assume that you use very sophisticated AI-driven models to scan data from not just the market but a whole plethora of other sources to define, implement, monitor, refine and adjust your trading strategies. What kind of people do you now need to employ? Performance will come down to how well your combination of engineers, scientists and market people can define and improve those models. The kinds of people employed in the industry will change; we will need people who can model data, and others who can validate the models and the results. And we will not need so many people. Much of the dialogue around the types of jobs that will disappear because of artificial intelligence has centered on relatively unskilled jobs, but in financial services it will be expensive, highly educated Wall Street-types finding themselves out of work. An asset manager friend of mine agreed. He also said there's no way he'd go public about using this strategy; he'd prefer investors think how great his team was at stockpicking!

Change is already underway. One of the most high-profile companies in this space is Kensho, which is backed by Google, Goldman Sachs and S&P Global. Kensho uses AI to scan vast data sets much more quickly and accurately than analysts, and sells the information to banks and other financial institutions.

One competitor is Sentifi, which takes in data from thousands of sources, then filters it for accuracy. The founder got the idea after the nuclear disaster at Fukushima, when an investment manager friend griped that it would take three weeks of sifting through seemingly unconnected data to work out the implications of this event on his portfolio.

One hedge fund taking artificial intelligence to the next level is Numerai - which doesn't even employ the AI talent! This San Francisco fund encrypts its trading data and then crowdsources AI-based algorithms from anyone who wants to have a go. Contributors who develop algorithms that successfully improve performance get paid in bitcoin.

It's a long way from when I used to analyze company reports, scan articles in actual newspapers and use old-fashioned methods like the telephone and company visits to develop my investment ideas.

Hazel Moore is the chairman and co-founder of the London investment bank FirstCapital.

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CMU to harness power of collaboration to advance artificial … – Tribune-Review

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Carnegie Mellon University announced Tuesday an initiative to bring together its research and education related to artificial intelligence.

CMU AI will coordinate faculty, students and staff working on AI in robotics, engineering, language, human-computer interaction, machine learning and more.

Having grown large, we've also grown a little further apart, and in the context of AI, we are bringing it back to together, said Jaime Carbonell, director of CMU's Language Technologies Institute. And we expect to grow more

CMU AI will create one of the largest and most experienced artificial intelligence research groups in the world, the university said. Carbonell said researchers classified their work based on the sub-field of artificial intelligence in which they worked, such as robotics, machine translation or machine learning, not under the umbrella of AI. Now those disciplines will be under CMU AI, underscoring the university's commitment to the research and potentially upping the university's public profile and funding.

It certainly helps the messaging, Carbonell said. But more than messaging, it helps the substance.

Carbonell said projects like analyzing social networks for nefarious activity and designing robots to care for the elderly will benefit from harnessing the university's entire AI hive mind.

Artificial Intelligence was essentially created at CMU. In 1956, professors Allen Newell and Herbert A. Simon helped write Logic Theorist, considered the first artificial intelligence computer program.

Since, the university's advancements in artificial intelligence have worked their way into everything from self-driving cars to poker bots that can defeat the best players in the world. CMU AI projects help computers recognize faces and images and power robot soccer players and IBM's Jeopardy-playing Watson. They've improved instant replay in sports and algorithms that match kidney donors with recipients. Two teams of CMU students are working with Amazon to improve Alexa , its home assistant. Another team is using machine learning to develop a reading and math tutor for kids in countries facing teacher shortages. The RoboTutor project is a semifinalist in the $15 million Global Learning XPRIZE.

AI technologies developed at CMU have been acquired by Facebook, Amazon, Google and more.

AI is not something that a lone genius invents in the garage, Andrew Moore, the dean of CMU's School of Computer Science, said in a statement. It requires a team of people, each of whom brings a special expertise or perspective. CMU researchers have always excelled at collaboration across disciplines, but CMU AI will require all of us to work together in unprecedented ways.

RELATED: K&L Gates gives $10M to CMU to study ethics of AI

The initiative will bring together more than 100 professors and researchers working on artificial intelligence in CMU's School of Computer Science's seven departments. Moore will direct the initiative. Carbonell will lead the initiative along with Martial Hebert, the head of the Robotics Institute; Tuomas Sandholm, the computer science professor behind Libratus, the poker bot, and Manuela Veloso, the head of the Machine Learning Department.

The initiative will focus on two things. It will work to educate a new breed of AI scientists. About 1,000 students, more than half of the School of Computer Science, are working on AI-related projects. Moore said these are the people who will improve life through technology and shape the rest of the century.

Exposing these hugely talented human beings to the best AI resources and researchers is imperative for creating the technologies that will make our lives healthier and safer in the future, Moore said.

The initiative will also focus on creating new capabilities for AI. It will bring together work in machine learning, the study of how software can make decisions and learn through experience; machine translation, using computers to understand and translate languages; human-computer interaction, how people and machines can work together, and robotics, which is renowned for its computer vision group studying how computers understand images.

Students who study AI at CMU have an opportunity to work on projects that unite multiple disciplines, Veloso said. CMU students at all levels have a big impact on what AI can do for society.

Aaron Aupperlee is a Tribune-Review staff writer. Reach him at aaupperlee@tribweb.com, 412-336-8448 or via Twitter @tinynotebook.

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Artificial Intelligence is becoming the new operating system in health – Healthcare IT News (blog)

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Acquistions of AI startups are rapidly increasing while the health AI market is set to register an explosive CAGR of 40 percent through 2021.

Artificial Intelligence can help drive the Triple Aim in healthcare, reducing cost, improving qualityand expanding access, according toArtificial Intelligence: Healthcares New Nervous System from Accenture.

Acquisitions of AI developers in health will be fast-paced, growing at a compound annual growth rate of 40 percent explosive in the word of Accenture moving from $600 million in 2014 to $6.6 billion in 2021.

What these AI startups will do is to enable machines to sense, comprehend, act and learn, Accenture foresees, to augment administrative and clinical tasks which could free up healthcare labor (doctors, other clinicians, and accountants) to work at their highest-and-best-use.

The most impactful AI-driven application would be robot-assisted surgery, generating $40 billion of value, annually, by 2026. Next in AI-health value-creation include virtual nursing assistants (valued at $20 billion annually), administrative workflow support ($18 billion), fraud detection ($17 billion), and medication error reduction ($16 billion).

Artificial Intelligence, AI, can help drive the Triple Aim in healthcare, reducing cost, improving quality, and expanding access, according toArtificial Intelligence: Healthcares New Nervous System from Accenture.

What these AI startups will do is enable machines to sense, comprehend, act and learn, Accenture foresees, to augment administrative and clinical tasks, which could free up healthcare labor (, doctors, other clinicians, and accountants) to work at their highest-and-best-use.

Acquistions of AI startups are rapidly increasing while the health AI market is set to registr an explosive CAGR of 40 percent through 2021.

Artificial Intelligence can help drive the Triple Aim in healthcare, reducing cost, improving quality, and expanding access, according toArtificial Intelligence: Healthcares New Nervous System from Accenture.

This blog was first published on Health Populi.

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Daily Archives: June 28, 2017

Virtual Reality excites Cannes Lions festival – euronews

Virtual reality lab in Brooklyn, an NYC-NYU joint, to open in late … – amNY

IBM is telling Congress not to fear the rise of an AI ‘overlord’ – Recode

Blatantly ironic art show about AI makes portraits using AI – Mashable

Drive.ai raises $50 million in funding; Andrew Ng joins board – Reuters

Artificial Intelligence Could Add 10% to UK GDP, PwC Says – Bloomberg

Carnegie Mellon’s AI Program Aims to Better Prepare Students for the Changing Workforce – Fortune

BankThink Is artificial intelligence the future of capital markets? – American Banker (subscription)

CMU to harness power of collaboration to advance artificial … – Tribune-Review

Artificial Intelligence is becoming the new operating system in health – Healthcare IT News (blog)

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