The EU’s attempt to regulate artificial intelligence could backfire March 12, 2020 The “Wild West” of artificial intelligence (AI) needs to be reined in, according to EU industry commissioner Thierry Breton. However, regulating AI generally, rather than regulating the technology’s uses specifically, may very well be putting the cart before the horse. Late last month, the European Commission revealed its intention to draft regulation around the use [...]
Softbank set to invest $100m in AI startup Behavox February 19, 2020 Softbank is reportedly close to investing $100m (£77m) in a startup which uses artificial intelligence (AI) to help financial firms monitor employees’ behaviour. Softbank’s second Vision Fund is on the verge of signing the deal with Behavox, Sky News reported, which could be finalised as soon as next week. Behavox, which was founded in the [...]
Who do you think you are? A conscious AI workforce could lead to a world of slaves February 18, 2020 With artificial intelligence (AI) promising to make huge numbers of people redundant across a swathe of industries, there’s been much discussion of “the world without work”. Some see in that a utopia, in which automation provides us all with limitless free time; others, a nightmarish end to human dignity. But if the machines do take [...]
Big tech’s calls for more regulation offers them a chance to increase their power January 28, 2020 At the World Economic Forum in Davos last week, “tech for good” was one of the key themes on the agenda. The big tech companies like Microsoft and Google used their airtime to call for more regulation, particularly in the area of artificial intelligence (AI). It’s a broad term that applies to a set of [...]
Shares in AI specialist Blue Prism surge after revenue jumps January 23, 2020 Shares in Blue Prism, a London-based robotic automation specialist, jumped over 20 per cent today after the company reported an 83 per cent increase in revenue. Blue Prism’s revenue for the 12 months ending 31 October rose to £101m, up from £55.2m in 2019, with monthly recurring revenue (MRR) coming in ahead of expectations. The [...]
The top tech predictions for 2020 January 6, 2020 Welcome to 2020. After a week or more of festive cheer and turkey-induced fatigue, it’s time to get back to work. But don’t despair. The year — and decade — ahead is set to be an exciting one, especially in the world of technology. To find out what changes may lie ahead, City A.M. asked [...]
The biggest tech breakthroughs of the last decade December 18, 2019 It is easy to forget, as we approach the end of not just 2019 but also the decade, just how far technology has developed over the past 10 years. To mark the end of the era, City A.M. asked several experts for what they think have been the biggest technological breakthroughs or advancements made in [...]
Dataminr is helping to save local journalism October 31, 2019 Journalism is in a tough spot. For decades, money and jobs in the industry have been in decline. The government’s Cairncross review, released last year, revealed the scope of the problem. It found that total press industry revenues had declined by more than half over the previous 10 years, and that the number of full-time [...]
Facial recognition tech powered by AI poses a threat to society October 24, 2019 Facial recognition software feels like it has stepped out of the realms of science fiction and into reality. Thanks to massive developments in artificial intelligence (AI), cameras and surveillance systems can now check and analyse someone’s facial features in real time. This is a profound step forward in the realms of biometric security, and major [...]
UK financial services firms leading the way on automation October 14, 2019 Financial services firms in the UK are integrating robo-advisers into their ranks faster than their global competitors in a bid to harness the technology to retain customers – or poach new ones, new research has found. While 37 per cent of UK financial services firms surveyed have implemented robotic processing automation (RPA) – a technology [...]