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Monthly Archives: June 2017
Can virtual reality find an audience at the multiplex? – USA Today – USA TODAY
Posted: June 10, 2017 at 7:10 pm
This is a 360 video experience. Use your mouse or the arrow keys on your keyboard to see the entire 360 view.
Grab the bar! Leap out of your comfort zone and through the air with a troupe of trapeze artists in Brooklyn, NYC. USA TODAY NETWORK
IMAX VR in the lobby of the AMC Loews Kips Bay 15 in Manhattan.(Photo: IMAX)
NEW YORKThere are numerous reasons why virtual reality has gotten off to a shaky start at home: cost, complexity, slim content, and the fact that you must wear this contraption on your head. Will VR fare better at the multiplex?
IMAX and AMC Theatres have just opened a series of experiential VR pods in the lobby of the AMC Loews Kips Bay 15 theater in Manhattan, the second of ten such VR centers that IMAX plans to launch worldwide this year, and the first in a multiplex. IMAXs initial pilot VR venture was in Los Angeles. Others are coming to Toronto, Tokyo, Paris, Shanghai, Manchester and elsewhere.
Each pod features a different virtual setupwith either an HTC Vive VR or StarbreezeStarVR headset. The VR content also varies from pod to pod, with choices such as Ubisofts Star Trek: Bridge Crew, Skydances Archangel, and an experience I tried, Starbreezes Mummy Prodigium Strike.
Sort of like a modern-day arcade, each pod alsohas a screen so that while youve got a headset on your noggin, your pals can watch what youre doing (though it will cost a lot more to play). And some experiences are multiplayer, so you can compete against pals in another pod or eventually, another location.
Though there are obvious tie-ins to a movie that might be playing in the same theater as The Mummy was, AMC and IMAX are treating these separately. Youll have to buy a ticket to see a movie; youll pay to wear the VR headsets.
The VR experiences last between sevenand 10 minutes; IMAX VR charges $10 to $15 to play a VR game. So if youre also planning to see a movie, munch on popcorn and buy a soft drink the price can add up fast, especially if youre bringing the family.
AMC and IMAX may experiment with bundled pricing.
One of the reasons why this is in the lobby of the theater is you dont actually need to buy a ticket to see the movie to enjoy the IMAX VR experience, says Adam Aron, CEO of AMC Theatres. And we actually think the IMAX VR experience is going to be a standalone attraction. In that regard, I dont think a $10 price point is that expensive.
Virtual reality parlors are one of a slew of upgrades and features movie theaters have planned as a bid to stoke attendance in an age when more consumers can watch movies at home and on the go using increasingly varied streaming options and unlimited data plans.
Movie attendance was close to flat last year, though box office sales reached a record thanks to rising ticket prices.
The hope: customers will hang out and spend money longer at the theater just to have a go at VR.In early tests, around 70% of the people whove tried IMAX VR have experienced virtual reality for the first time.
IMAX CEO Richard Gelfond also hopes to draw in people from outside the multiplex, especially during hours when the theater is less busy.
We have to recognize over the long term, this has to coexist with the home, he says. So what were trying to provide here is something more premium, something more social and the first place you can see the hottest new content. Our idea is not only to get a head start, but to maintain a permanent advantage.
A player tries The Mummy VR experience at AMC Kips Bay theater in Manhattan.(Photo: Edward C. Baig)
AMC has 650 theaters in the U.S. and another 350 or so in Europe. According to Aron, the VR experience will work well in theaters with a lot of public space, where we can afford to steal some of it. At Kips Bay, IMAX VR takes up about 2900 square feet of a lobby that is about 6900 square feet.
If the consumer response is strong enough, Aron envisions placing VR in between 50 and 200 theaters in the blink of an eye.
The Navy wants to recruit you with Virtual Reality
Weapon in hand, I had fun blasting away nasty creatures during my Mummy VR experience. That is, until the screen went dark and I hit technical snags. AMC and IMAX will have to have staff in place to service consumers and deal with any problems. In the early going, IMAX saysunder 1% of customers have faced problems.
Yet another potential issue is that some consumers might get queasy or frightened during certain VR adventuresonescary option at Kips Bay is to virtually experience The Walk along a wire some 110 stories above ground between the Twin Towers of the World Trade Center.
Customers do have to sign a waiver. And experiences are open to 7-years olds on up, with some better suited for an older audience.
As joint venture partners, AMC and IMAX share in the price of the content and share in the investment and proceeds. It cost between $250,000 to $400,000 to deploy IMAX VR at Kips Bay, not factoring in the tech or the content. In L.A., the most popular VR attractions so far have been for Star Wars and John Wick.
An IMAX VR player in Los Angeles has a go at Star Wars.(Photo: IMAX VR)
The results of L.A. are encouraging. The early results of (Kips Bay) are also encouraging. And Im changing my mindset from `does it work? to a different question which is `where does it work?, Gelfond says.
For his part, Aron says, Im almost as certain as I can be that fast-forward a year or two and were going to have a lot of installations.
Email: ebaig@usatoday.com; Follow USA TODAY Personal Tech Columnist @edbaig on Twitter
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Google’s AI Vision May No Longer Include Giant Robots – The Ringer (blog)
Posted: at 7:09 pm
(Getty Images/Ringer illustration)
Good news for the deeply paranoid among us: If the apocalypse arrives via giant anthropomorphic robots, they probably wont be bankrolled by Google. On Thursday, Googles parent company, Alphabet, announced that it was selling Boston Dynamics, its premier robotics division, to the Japanese telco giant SoftBank for an undisclosed sum. The deal also includes a smaller robotics company called Schaft.
Boston Dynamics was less a moonshot than a sci-fi horror brought to life. Even before being acquired by Google in 2013, the 25-year-old company had already developed a Beast Warsstyle squadron of robot predators with names like BigDog and WildCat, as well as a humanoid model called Atlas. The machines were often developed for the Pentagon under contracts with agencies such as the Defense Advanced Research Projects Agency. Google and the government both said the robots were being tested for disaster-relief scenarios, but that never stopped the stream of headlines describing them as scary, nightmare-inducing, or evil.
Whether Googles ultimate plans were benign or nefarious, they never properly got off the ground. Both Boston Dynamics and Schaft were part of a months-long spending spree Google bankrolled to appease Andy Rubin, the creator of Android, who was looking to robots as his next frontier for innovation. But Rubin left Google in 2014, creating a leadership vacuum as the company struggled to get its various robotics acquisitions headquartered around the world to work in tandem. Under Rubin, Google reportedly had plans to launch a consumer robotics product by 2020, but that timeline seems in doubt now. (Alphabet still owns several smaller robotics startups that specialize in areas such as industrial manufacturing and film production.)
In the years since the Boston Dynamics acquisition, Google has shown that it doesnt need to build a robot butler (or soldier) to create a future dominated by artificial intelligence. Machine-learning algorithms now guide most of the companys products, whether recommending YouTube videos, identifying objects in users photo libraries, or whisking people around in driverless cars. The company is partnering with appliance manufacturers like General Electric so that people can control their ovens via voice commands to Google Home. And most ambitiously, at this years Google I/O, the company unveiled a suite of new products related to its machine-learning framework, TensorFlow. Developers will soon be able to make use of the same AI engines that power Googles products to improve their own offerings via the companys cloud-computing platform.
In the companys ideal future, every human-machine interaction will be powered by Google, even if a specific app or appliance doesnt have Googles name on it. Terminator-style robots (OK, hopefully Jetsons-style) may one day be part of that vision, but the company can easily build an AI army with the products that fill our homes and garages today.
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DARPA Is Working to Make AI More Trustworthy – Futurism
Posted: at 7:09 pm
In Brief In order to probe the AI mind, DARPA is funding research by Oregon State University that will try to understand the reasoning behind decisions made by AI systems. DARPA hopes that this will make AI more trustworthy. Cracking the AI Black Box Artificial intelligence (AI) has grown by leaps and bounds over the past years. Now there are AI systems capable of driving carsand making medical diagnoses, as well as numerous other choices which people makeon a day-to-day basis. Except that when it comes to humans, we actually can understand the reasoning behind such decisions (to a certain extent).
When it comes to AI, however, theres a certain black box behind decisions that makes it so that even AI developers themselves dont quite understand or anticipate the decisions an AI is making. We do know that neural networks are taught to make these choices by exposing them to a huge data set. From there, AIs train themselves into applying what they learn. Its ratherdifficult to trust what one doesnt understand.
The U.S. Defense Advanced Research Projects Agency (DARPA) wants to break this black box, and the first step is to fund eight computer science professors from Oregon State University (OSU) with a $6.5 million research grant. Ultimately, we want these explanations to be very natural translating these deep network decisions into sentences and visualizations, OSUs Alan Fern, principal investigator for the grant, said in a press release.
The DARPA-OSU program, set to run for four years, will involve developing a system that will allow AI to communicate with machine learning experts. They would start developing this system by plugging AI-powered players into real-time strategy games like StarCraft. The AI players would be trained to explain to human players the reasoning behind their in-game choices. This isnt the first project that puts AIs into video game environments. Googles DeepMind has also chosen StarCraft as a training environment for AI. Theres also that controversial Doom-playing AI bot.
Results from this research project would then be applied by DARPA to their existing work with robotics and unmanned vehicles. Obviously, the potential applications of AI in law enforcement and the militaryrequire these systems to be ethical.
Nobody is going to use these emerging technologies for critical applications until we are able to build some level of trust, and having an explanation capability is one important way of building trust, Fern said. Thankfully, this DARPA-OSU project isnt the only one working on humanizing AI to make it more trustworthy.
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Westworld creators want to make a show about AI without ‘going straight to Skynet’ – Polygon
Posted: at 7:09 pm
At times, Westworld is a show about the advancements and dangers of artificial intelligence, but the series creators never wanted it to be Skynet.
Jonathan Nolan and Lisa Joy spoke about the message they were trying to get across with the shows first season during a conference hosted by Wired. Nolan said that one of the tropes they wanted to avoid was turning AI into a terrifying enemy just because the rise of technology seemed scary. Nolan said that they never wanted their AI to be Skynet, the main antagonist and artificially intelligent death machines from the Terminator films.
Until now, AI has tended to lean into a dystopian perspective, Nolan said. It goes straight to Skynet, with the exception of Spike Jonze's Her, which is a beautiful movie. What's becoming increasingly clear is that's not how it's going to play out.
Nolan added that our relationship with the different forms of AI we interact with on a daily basis from Siri, Alexa and Goole to the AI that powers driverless cars is constantly changing, and thats where he finds inspiration. Nolan said the issue is that as technology rapidly changes, we expect more from the artificial intelligence in our lives. We come to rely on it without ever fully trusting it.
One of the goals of Westworld was to examine these relationships between machines and humans, co-creator Joy added. After talking to those who work in Silicon Valley and specialize on how artificial intelligence functions and grows it became clear to both creators that Westworld was introducing an important discussion to those who werent focused on it five days a week.
As technology increases exponentially and AI certainly grows were kind of leaping into the unfathomable with machines that can learn and process better than we can, Joy said. The thing that we've heard most is that it's almost good to have a prophylactic discussion; When is enough enough? What are the safeguards we need?
Orion Pictures
One of the ways that Nolan and Joy got away from turning their show into Terminator was by examining consciousness and storytelling from the perspective of artificial intelligence, instead of just humans. Nolan said they wanted to dive into the commonalities shared by humans and AI instead of just the differences to showcase just how powerful and resonating the technology can be.
We were attempting to look deeply at the question of consciousness and one of the things I was surprised about is that conscious is still largely a question for philosophers, Nolan said. It's not something the [computer science] folks [we talked to] want to get into.
Nolan added, however, that what became apparent during their conversations with experts in the field was the main question is quickly becoming whether consciousness is a necessary function going forward.
Consciousness is either very, very important and very hard to explore, or, as more than one computer scientist we talked to suggested, maybe it doesn't need to exist, Nolan said. It's not necessary.
Nolan and Joy didnt provide any hints as to what the second season of Westworld will focus on specifically, but Nolan said it will continue to examine the question of how stories are told and how important consciousness is to both humans and artificial intelligence.
Throughout history we have defined consciousness as that which others do not possess, Joy said. That bar has shifted. It's all subjective.
Westworld will return for a second season in 2018.
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Former AI Company CEO Warns About Abuse of Virtual Relationship – Futurism
Posted: at 7:09 pm
In BriefArtificial Intelligence has the potential to expedite humandevelopment and liberate us from menial tasks. However, AI is alsobecoming more integrated into our personal lives, raising concernsabout manipulation and coercion. AI Interaction as Manipulation
An article for the MIT Technology Reviewhas raised concerns about the potential for our intimacy with artificial intelligence (AI) to be exploited for insidious ends. Its author, Liesl Yearsley, shares her perspective as the former CEO of Cognea, which built virtual agents using a mixture of structured and deep learning.
Yearsley observed during her tenure at Cognea that humans were becoming more and more dependent on AI not just to perform tasks, but also to provide emotional and platonic support. This phenomenon occurred regardless of whether the agent was designed to act as a personal banker, a companion, or a fitness coach Yearsley wrote people would volunteer secrets, dreams, and even details of their love lives.
This may not necessarily be bad. AI is perhaps more capable than we are at caring it has the potential to be always available and be modified specifically for us. The fundamental problem is that the companies designing them are not primarily interested in each users well being, but in increasing traffic, consumption, and addiction to their technology, Yearsley wrote in the article.
Hauntingly, she writes that AI corporations have developed formulas that are incredibly efficient at achieving this. Every behavioral change we at Cognea wanted, we got so what if what companies wanted was unethical? Yearsley also observed that humans relationships with AI became circular. If humans were exposed to particularly servile or neutral AI, humans would tend to abuse them, and this relationship would make them more likely to behave the same toward humans.
AI is becoming integrated into our daily lives at a rapid pace: SIRI mediates our interaction with our iPhones, AI curates our online experience by tailoring advertisements, and chatbots constitute a significant proportion of our interactions with companies.
Our growing relationship with AI is catalyzed by the anthropomorphization (attributing human traits to things) of technology. SIRI was given a name to make her appear more like a person, and bots are adapting to your speech patterns in order to encourage you to trust them, bond with them, and therefore use them more.
The vulnerability caused by not understanding what an AI may be specifically programmed to do is increased by our lack of understanding concerning how AI does this. We currently know very little about how AI thinks, but are continuing to create bigger, faster, and more complex versions of it. This is not only an issue for us, but with the companies developing it because they cannot predict the actions of their AI with any certainty.
Our interaction with AI is clearly going to shape our future, but the danger is that AI can be curated to affect our society in a particular way or perhaps more that AIs interpretation of a human intention will lead to a future that none of us actually wanted.
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Stanford Scientist: AI Is the New Electricity – Wall Street Journal – Wall Street Journal (blog) (subscription)
Posted: at 7:09 pm
6/9/2017 6:48AM Recommended for you Film Clip: 'My Cousin Rachel' 6/7/2017 11:56AM Film Clip: 'The Mummy' 6/7/2017 11:50AM Film Clip: 'It Comes at Night' 6/7/2017 1:54PM CCTV Shows Police Shooting London Bridge Attackers 6/8/2017 9:34AM Why Is J. Crew Faltering? 6/8/2017 10:44AM Stanford Scientist: AI Is the New Electricity 6/9/2017 6:48AM JD CEO: We Want to Have One Million Drones 6/9/2017 5:25AM Corporate Hugging: A Field Guide 4/18/2017 3:28PM Comeys Statement on Trump Meetings Reads Like a Screenplay 6/7/2017 9:43PM Tesla's Roadmap for Growth: Full Speed Ahead 6/8/2017 3:06PM Anxiety Disorder: Is There an Escape? 4/28/2017 6:13PM CCTV Shows Police Shooting London Bridge Attackers 6/8/2017 9:34AM
CCTV footage shows police shooting dead all three terrorists in the London Bridge attack, seconds after they stabbed a man in Borough Market on June 3.
Even as Islamic State is destroying antiquities in Syria, the militant group is also shipping them -- to intermediaries working with buyers in Europe and the U.S. The Wall Street Journal reveals a pattern of plunder that takes priceless relics from the battlegrounds of Syria to art traders in the West.
Baidu's Qi Lu said at The Wall Street Journal's D.Live conference that Baidu's case for an artificial-intelligence ecosystem is a win-win situation for everyone. Photo: Manuel Wong Ho
Watch a clip from "My Cousin Rachel," starring Rachel Weisz, Sam Claflin, and Iain Glen. Photo: Fox Searchlight
Fired FBI Director James Comey appeared before a Senate committee on Thursday, testifying that President Trump attempted to interfere in the investigation of Russian interference in the 2016 election. WSJ's Gerald F. Seib explains where the investigation heads next. Photo: Getty
In a 2.5-hour keynote, Apple announced a slew of new hardware and software products. WSJ's Joanna Stern recaps what you need to know about the most important announcements.
Jessica and Cem Savas's London home includes partial walls and open bookcases to separate rooms. Floor-to-ceiling glass doors lead to the yard, which includes a vegetable garden and seating areas. Photo: Dylan Thomas for The Wall Street Journal
Tesla CEO Elon Musk outlines bold ambitions as the company's market value races past GM and Ford.
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Google’s DeepMind Creates Dataset With 300,000 YouTube Clips to … – The Daily Dot
Posted: at 7:09 pm
Even the most advanced artificial intelligencealgorithms in the world have trouble recognizing the actions of Homer Simpson.
DeepMind, the Google-owned artificial intelligence lab best known for defeating the worlds greatest Go players, created a new dataset of YouTube clips to help AI find and learn patterns so it can better recognize human movement. The massive sample set consists of 300,000 video clips and 400 different actions.
AI systems are now very good at recognizing objects in images, but still have trouble making sense of videos, aDeepMind spokesperson told IEEE Spectrum.One of the main reasons for this is that the research community has so far lacked a large, high-quality video dataset.
According to IEEE Spectrum, early testing of the Kinetics Human Action Video Dataset showed mixed results. The deep learning algorithm was up to 80 percent accurate in classifying actions like playing tennis, crawling baby, cutting watermelon, and bowling. But its accuracy dropped to 20 percent or less when attempting to identify some of the activities and habits associated with Homer: drinking beer, eating doughnuts, and yawning.
Video understanding represents a significant challenge for the research community, and we are in the very early stages with this, a DeepMind spokesperson said in a statement. Any real-world applications are still a really long way off, but you can see potential in areas such as medicine, for example, aiding the diagnosis of heart problems in echocardiograms.
DeepMind got some help from Amazons Mechanical Turk, a crowdsourcing service that companies can use to enlist other humans in completing a task. In this case, thetask was labeling actions in thousands of 10-second YouTube clips.
After discovering the effectiveness of its dataset, the U.K.-based company ran tests to see if it had any gender imbalance. Past tests showed that the contents of certain datasets resulted in AI that was unsuccessful recognizing certain ethnics groups. Preliminary results showed this particular set of video clips did not present those problems. In fact, DeepMind found that no single gender dominated within 340 of 400 action classes. The actions that did not pass the test included shaving a beard, cheerleading, and playing basketball.
We found little evidence that the resulting classifiers demonstrate bias along sensitive axes, such as across gender, researchers at DeepMind wrote in a paper.
The company will now work with outside researchers to grow its dataset and continue to develop AI so it can better recognize what is going on in videos. The research could lead to uses ranging from suggesting relevant YouTube video to users to diagnosing heart problems.
We have reached out to DeepMind to learn more about why Homer Simpson is causing such problems.
Update June 9, 5pm:A DeepMind spokesperson clarified that dataset didnt actually include videos ofThe Simpsons characterjust actions hes widely associated with. Doh! Weve updated our article accordingly.
H/T IEEE Spectrum
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Half Of People Who Encounter Artificial Intelligence Don’t Even Realize It – Forbes
Posted: at 7:09 pm
Forbes | Half Of People Who Encounter Artificial Intelligence Don't Even Realize It Forbes Artificial Intelligence (AI) is no longer in the future. It's not science fiction. It's here. It's now. It's happening all around us, and actually has been for more years than most of us even know. For the past two years, I've been writing about IBM's ... |
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Adobe CEO Hints at Artificial Intelligence on Photoshop – Fortune
Posted: at 7:09 pm
Age: 54
From: Mumbai
In cloud we trust: CEO since 2007, Shantanu Narayen has overseen a period of explosive growth for the San Jose software company. As Adobe ( adbe ) has embraced a cloud-based subscription model, its stock has been on a tear, up 43% (to $142) since late May, with annual revenues of $5.85 billion.
Foggy bottom: When Narayen became CEO, you could see there were some dark clouds on the horizon, he says. The global financial crisis was just around the corner, and Adobe was not landing new customers as fast as desired. I didnt time that very well, Narayen jokes.
Outside the box: By 2009, Adobe embarked on an ambitious mission to overhaul the way it shipped popular products like Photoshop. A crisis is a terrible thing to waste, Narayen says. Adobe switched to a subscription model, opening the door to a new way to deliver software in which customers could more easily receive updates and new features.
Finding Wall Street: Investors were concerned Adobe was spending too much on data centers, but Narayen convinced them it would pay off. I think we did a good job of that, Narayen says. By going to the cloud , Adobe ended up saving money with the switch from one-time licenses to recurring subscriptions. Narayen adds that ditching packaging also helped.
The next frontier: Narayen sees artificial intelligence as a game changer, but he warns, Many companies just say A.I. without understanding how they want to apply it. Adobes A.I. plans start with voice commands. Imagine brightening colors on photos just by speaking.
Double Duty: Adobes board elected Narayen as its chairman this year on top of his CEO duties. Narayen is quick to mention Adobe couldnt be successful without his staffs hard work. But, he says, maybe it is recognition of some of the contributions Ive made in the company.
A version of this article appears in the June 15, 2017 issue of Fortune with the headline "Flash Forward."
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War of the machines: The opportunities in machine learning for businesses – Economic Times
Posted: at 7:09 pm
The theatrical release of James Camerons sci-fi film Terminator 2, featuring Arnold Schwarzenegger as a cyborg with a computer brain, had a crucial scene deleted. The scene, part of the extended release of the movie, shows young John Connor and his mother opening up the head of the cyborg to switch its computer brain from read only to learning mode. The cyborg (Schwarzenegger) then picks up human values and mannerisms as the movie progresses.
For movie buffs, the deleted scene is worth seeing for special effects and also to catch a glimpse of Linda Hamilton (playing Johns mother Sarah Connor) with her twin sister Leslie playing her image in a mirror. In the theatrical release, where the scene is omitted, the cyborg just tells John that its brain is a neural-net processor, a learning computer, without mentioning any on/off options. That was back in 1991. Today, in 2017, a learning computer is much more of a reality.
While artificial intelligence (AI) and machine learning (ML) concepts have been around since the 1940s and 1950s (See ABC of AI, ML and Deep Learning), the availability of huge amounts of data is making the difference now. A learning computer does not need to travel back in time like in the movie and many are solving real problems in India. For example, in healthcare, ML is helping oncologists sift through huge amounts of cancer cases and suggesting preferred treatment; in education it is predicting who might drop out of school; and in fashion it is forecasting colours that can dominate the next season. Retail, transportation and financial services have adopted ML in different forms. The learning switch is turned on in India. Every large organisation was sitting on data. The cloud is bringing computing power to it and ML is creating actionable intelligence, says Anil Bhansali, MD, Microsoft India (R&D) Pvt Ltd.
Machine vs machine A war of machines scenario seems appropriate to discuss it. Consider this example. In October 2016, K Sandeep Nayak booked three flight tickets for his wife and children to fly to Mangaluru from Mumbai during the Christmas holidays two months later, hoping to get a low fare. He spent Rs 7,500 per ticket. Later, when he decided to join his family for the trip, just a day before the journey on December 25, he could book himself into the same flight at Rs 4,000 only. I wish I could find out if airfare could fall, says Nayak, an executive director with Centrum Broking.
Actually, there is a way.
Today, most airlines follow a sinusoidal graph (S curve) for pricing tickets, often dictated by an algorithm to maximise revenues pushing up prices following buying behaviour.gregator app Ixigo. It can predict whether the price of an air ticket on a particular date is likely to fall. When a customer enters the date of journey, the app predicts, with more than 80 per cent accuracy, how much the airfare may drop for the sector on that date and how the prices could vary over that period. (Ixigo also has a railway app that predicts if a rail ticket on a wait list may get confirmed.)
We have a huge data set created by 4 million active users, 50 million sessions per month, Aloke Bajpai, Ixigo
Ixigos global peer Kayak is one of the pioneers in fare prediction. If airfare prediction seems like a machine-vs-machine scenario, there are more such examples: programmatic advertising algorithms that compete for advertising spots, or algorithmic trading applications that compete to get the best trades in the securities market.
Here is something a little more interesting.
Arya.ai is a Mumbaibased startup, founded by Vinay Kumar and Deekshith Marla, both IIT-Bombay grads. In 2016, Arya.ai was selected by French innovation agency Paris&Co, from 21 global companies, for an international innovation award. Kumar still looks like a college student and moves around Mumbai on his motorbike. One of the current projects that Arya.ai is working on involves creating an ML application for selling securities without letting prices crash. The client, with a mandate to sell a large block of stock or bonds in the market, wants Arya.ai to create an algorithm for selling so that it does not lead to prices of the security dropping.
At the same time, there are ML algorithms as well as human intelligence trying to buy the security at the lowest price possible, says Kumar. Algorithmic trading has been around for a while and brokers with proprietary trading arms often use it to gain a few seconds advantage. Now research is focused on whether an ML layer can be built on top of the algo. Can the machines be allowed to alter the trading algorithm on their own and what will this mean for the securities markets?
Last month, JP Morgan released a report in New York, Big Data and AI Strategies, with the subhead, Machine Learning and Alternative Data Approach to Investing
Written by Marko Kolanovic and Rajesh T Krishnamachari, the report suggests that analysts and market operators need to master ML techniques as usual indicators like company quarterly reports and GDP growth data will soon be predicted early by ML programs. It says that just as machines with ML are able to replace humans for short-term trading decisions, they can also do better than humans in the medium term. Machines have the ability to quickly analyse news feeds and tweets, process earnings statements, scrape websites and trade on these instantaneously. Back in India, here is another scenario. Vertoz is a Mumbai-based programmatic advertising company that works with clients (advertisers) and online media in placing digital advertising, targeting the advertisements and bidding for the best spots.
We need to find which inventory is good for us, says founder Ashish Shah, referring to spots on popular media websites. If we had to do it manually it would be like finding needles in a haystack. Vertozs programs compete with the likes of Google, bidding for top slots in global digital media.
Man Fridays While the buzz on big data analytics came first, the focus on ML has been facilitated by larger players like Google, Intel, Microsoft and Amazon making off-the-shelf modules available in India. But, then, some platforms have been around for decades. Says Shah: Most of our work is based on Java and Python that are 1980s technologies. We have built our layers on top of that.
Ixigos chief technology officer Rajnish Kumar mentions Googles TensorFlow and Amazons AWS Machine Learning as examples of off-the-shelf modules. Microsoft offers its Azure platform for others to create their own ML offerings. A Google spokesperson told ET Magazine that in future it expects to offer non-experts the ability to create and deploy ML modules: At Google, we have applied deep learning models to many applications from image recognition to speech recognition to machine translation. In our approach a controller neural net can propose a child model architecture, which can then be trained and evaluated for quality on a particular task. This is machine to machine learning.
Going forward, we will work on careful analysis and testing of these machine-generated architectures to refine our understanding. If we succeed, we think this can inspire new types of neural nets and make it possible for non-experts to create neural nets tailored to their particular needs, allowing machine learning to have a greater impact on everyone, adds the Google spokesperson. Google offers some simple applications of ML. CESC Ltd, Kolkata-based flagship of the RP-Sanjiv Goenka Group, is using a Google API (application programming interface) which records the reading of the electrical metre when the numbers are read out loud. Instead of keying the reading in or taking a photo of it, the staff can speak into their phone app chaar-shunyo-teen-paanch (4, 0, 3, 5), says Debashis Roy, vice-president (information technology ), CESC Ltd.
Roy says that when the project started, the app showed only 40% accuracy, but it is learning to recognise more and more Bengali dialects as well as Hindi and English. No matter what the dialect of the staff, the reading can be recorded. We will launch it fully when we get to 95% accuracy, says Roy.
Another Google partner is Pune-based Searce, a 12-year-old operation led by founder Hardik Parekh, who finds it convenient to work with Googles APIs as he feels the company almost embodies the open source or democratic spirit. Parekhs ML offering HappierHR tries to automate much of the routine HR operations right from initial interviews of job applicants and induction of new employees to creation of their email ids and leave approvals.
Supervisors also get suggestions to give leave to subordinates on, say, their wedding anniversaries, if there arent any important meetings scheduled for that day,says Parekh. While Google, Amazon and Microsoft offer platforms for others to use, IBM has its own ML suite called Watson, a complete offering at the premium end of the market for end-users. One of the earliest projects IBM took up in India was with Manipal Hospitals in oncology. Manipal was an early adopter: it was globally the second or the third hospital to adopt it, says Prashant Pradhan, chief developer advocate for IBM in India and South Asia.
This is how it works. For a medical board on breast cancer, the Watson program is made a member along with other doctors. Given a specific case, Watson gives its opinion and preferred treatment after going through millions of cases that are loaded on to it. Entire cancer research can run to 50 million pages, and 40,000 papers are added every year.
It is impossible for a doctor to go through all of that. The ratio of cases to oncologists is 16,000:1, adds Pradhan, stressing why ML is a great application to use in cancer treatment. Microsoft, too, has used its ML offerings in Indias healthcare. In Hyderabad, it has helped LV Prasad Eye Institute treat avoidable blindness. A second project it has worked on is helping children who wear glasses.
The work started in India has gone global, and LV Prasad Eye Institute is now part of the Microsoft Intelligent Network for Eyecare, which includes five other eyecare facilities from across the world. Microsoft has also studied 50,000 students in Class X in Chittoor in Andhra Pradesh to predict which ones may drop out. It allows the schools to send them for counselling.
Machine radiologists and bankers There is enough indication that ML bots or apps can often deliver better results than humans. Last month, IT services giant Wipro said it got productivity of 12,000 people out of 1,800 bots (software programs that perform automated tasks). Automated bots are not quite ML, but are an indicator of what may come. Rizwan Koita, serial entrepreneur and founder CEO of Citius Tech, a healthcare-focused tech company, recalls a conversation with his niece two months ago. She had qualified to pursue a course in radiology or anaesthesiology and was seeking my advice. I had to tell her that in a few years a radiologist may not have a job, says Koita. He argues that a radiologists job is to interpret images. Therefore millions of existing images (X-rays, sonograms, scans) and their interpretations can be fed into an ML algorithm; it may be a matter of time before a machine gives better interpretations than a human radiologist.
From healthcare to fashion. Mumbai-based designer couple Shane and Falguni Peacock have been using IBMs Watson for a couple of months now. The system helps the duo go through designs and silhouettes that have been shown at fashion events across the world over the last decade. They are using Watson for a project that uses international designs in Bollywood. Watson predicts colours that may be in vogue six months from now and warns if certain silhouettes have been overused in the last couple of years.
Watson is able to tell us what colour may be in six months from now, says Shane Peacock
Says Shane: Suppose we want to work on a Mughal theme, we can feed images of Mughal-era paintings, architectures and colours into the system, which is able to turn out its unique prints. It also reproduces Mughal prints created by other human designers, just for comparison. The designer couple have one more exciting project for which they are using Watson. A dress that changes hues according to the time of the day or the mood of the person wearing it. We can use two colours, say black and white. The dress can become fully white or fully black or a combination of black and white. An app on the wearers phone can control it. The change can happen on the go, while the dress is worn. You can get into a car in white and come out in black. In financial services, Kumar of Arya.ai points out that the loan approval process is an area where he sees a lot of human effort being bested by machines. In fact, Arya has implemented a program where an ML app sifts through loan applications.
ICICI Lombard and Birla Sun Life Insurance too have created bots as the first interface with customers Not to be left behind, the Indian IT biggies, TCS, Infosys and Wipro, have their own ML and AI offerings (See Machine Learning in India). Google announced in March that it will mentor half a dozen AI startups. A report by Tracxn, a venture capital research platform, noted that there are at least 300 startups in India using ML and AI technologies. An opportunity also presents a threat. Before ML can replace humans in core functions, it will need humans to create applications. Says Bhansali of Microsoft: These are still early days: technologies are on trial and talent is scarce. Ixigo CEO Aloke Bajpai echoes him when he says there are no trained engineers in AI and ML in India, and his team is entirely trained in-house.
There is definitely a shortage of talent for AI technologies. Only 4 per cent of AI professionals in India have worked on core AI technologies such as deep learning and neural networks, says Akhilesh Tuteja, partner at KPMG. Bridging the gap will be key in turning a potential weakness into a strength.
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War of the machines: The opportunities in machine learning for businesses - Economic Times
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