Future of shops. Big Data is watching you in China. Indian orgs looking to deploy AI. http://cognitionx.com/news-briefing/.
AI is helping us understand the universe in breathtaking ways.
Yesterday, Google and Nasa announced that with the help of AI, scientists scouring data from NASA’s Kepler Space Telescope have discovered an eighth planet around the star known as Kepler-90.
The find sets a new record for the most exoplanets around a single star and, for the first time, ties with our own. Check out their press release here, as well as the news coverage in Wired and Quartz.
We’re super excited to be hosting NASA (along with Intel AI) at CogX London 2018: Festival of All Things AI on 11-12 June. They’ll be telling us about this important discovery and much more. As a little present, you can use the discount code ‘Kepler90AI’ to get £100 off the ticket price. Get your early bird ticket today.
Tabitha UntiltheBotsTakeOver Goldstaub
P.S. Loving the news briefing? Share the love with a friend or two. They can sign up here or by clicking the button below.
Chinese online retailer JD.com has beaten Amazon to the next stage of the shopping revolution by announcing plans to open hundreds of “unmanned” convenience stores.
The shops have already been trialled with JD’s 10,000 employees at headquarters in Beijing and use facial and recognition technology to register payment and product identity, meaning that customers do not have to wait in a checkout line. JD explained that cameras on the ceilings of the stores can recognise customers’ movement and generate heat maps of their activity to monitor customer traffic flow, product selection and customer preferences, which helps store owners to stock efficiently.
Asset managers have to adjust their conventional business model. Investors will be more focused on the long-term investment theme, as AI will take over the short-term trading. In other words, investors will shift their focus to the long-term sustainability of their portfolio, and more focus on their investment themes like ESG.
The Intel India commissioned report, undertaken by the International Data Corporation (IDC) that surveyed 194 Indian organisations across sectors, said that nearly 75% of the firms surveyed anticipate benefits in business process efficiency and employee productivity with the use of AI.
While 64% of the respondents believe that this technology can empower them in revenue augmentation through better targeting of offers and improved sales processes, 76% of the companies are or believe that they will face a shortage of skilled personnel to harness the power of AI. “This research is a small step towards comprehending this knowledge, and enabling companies, such as ours, shape strategy and move ahead in the right direction,” Prakash Mallya, Managing Director, Sales and Marketing Group, Intel India, said in a statement.
Nauto is rethinking transportation by using AI technology to learn how to best equip automated vehicles for a future of safe and trusted transportation.
In this episode of Greymatter, Nauto CEO Stefan Heck and Greylock partner Reid Hoffman discuss a blended environment with humans and machines, the evolution of road infrastructure, and the impact of AI on human jobs. The two visionaries also share advice on how startups can successfully partner with large companies and enterprises.
Upstream Security has secured $9M in a Series A funding round and plans to use the investment to expand further in the US and Europe.
Israel-based Upstream Security offers cloud-based security solutions for connected cars to automakers which need to outsource the security aspect of such technologies.The firm uses Big Data, analytics, and machine learning to provide non-intrusive defense against cyberattacks and to detect anomalies which may be malicious behavior.
Cars of the future could be programmed to spot potholes and transmit the information to Highways England, the government body responsible for roads. In a report published on Wednesday, Highways England said “connected vehicles” could improve the efficiency of route maintenance, while simultaneously improving safety.
Jim O’Sullivan, the body’s chief executive, said drones could also be deployed to monitor roads and improve response times. In its strategic road network initial report, Highways England said technology would play an ever greater role in keeping Britain’s roads in shape.
If you live in the US, you are by now accustomed to relinquishing your data to corporations. Credit card companies know when you run up bar tabs or buy sex toys. Facebook knows if you like Tasty cooking videos and the list goes on. But Chinese Alipay knows all of these things about its users and more.
Check out this long piece from Wired on the age of social credit in China. America invented the three-digit credit score. Now companies in China are taking the idea to the extreme, using big data to track and rank what you do—your purchases, your pastimes, and your mistakes.