Cisco channels $100m into the UK’s artificial intelligence tech sector | City A.M. July 19, 2018 Global telecoms tech firm Cisco has announced it will be investing $100m (£76.8m) into digital innovation in the UK, with a focus artificial intelligence, data and self-driving cars. Backed by Prime Minister Theresa May and digital secretary Jeremy Wright to run in tandem to the government’s industrial strategy, Cisco will partner with University College London [...]
Time to put your phone down and ask Alexa instead | City A.M. July 19, 2018 A decade ago, if you asked anybody in the customer service game how consumers will interact with their favourite brands in the future, the lion’s share would have told you that actually having to speak to someone is going be unnecessary and uncommon – if not totally extinct. Now it’s becoming clear that the shift [...]
Digital screens and VR is cool, but artificial intelligence is creepy to most consumers | City A.M. July 18, 2018 Fingerprint scanners, voice recognition, targeted ads, home voice assistants. These technologies are all part of everyday modern life and are revolutionising the way retailers sell their products to consumers across the world. But have we actually taken the time to stop and consider what customers think of our ever increasing arsenal of tech tricks to [...]
A vision of the future: The marriage of AI and Blockchain July 17, 2018 Where is Artificial Intelligence Headed? Artificial Intelligence (AI) can radically improve people’s lives if we nurture its potential. AI enables machines to mimic human traits such as learning and thinking, and is able to do this at a pace and efficacy of which humans will never be capable. We can harness this power to help [...]
IBM looks to sue Groupon for $167m over alleged patent infringement | City A.M. July 17, 2018 IBM is suing coupons site Groupon for $167m over allegations the company used patented technology without permission. IT giant IBM argues that Groupon infringed its patent by using e-commerce technology which it had licensed to other companies including Amazon, Facebook and Google parent firm Alphabet for between $20m and $50m each. Lawyer John Desmarais, representing [...]
Artificial intelligence could create 7.2m in boost to health sector jobs by 2030 according to Big Four firm PwC report | City A.M. July 17, 2018 While many of us fear a dystopian future in which employees will replace us with robots, a new report suggests that artificial intelligence (AI) could in fact create as many jobs as it displaces. Findings from Big Four accountancy firm PwC show that around 7.2m jobs could be created over the next 20 years, a [...]
The cost of a major data breach for businesses hits £263m, almost doubling in just five years July 11, 2018 The hidden costs of a data breach to businesses globally has risen by 6.4 per cent in the last year, with the average total cost of a major breach hitting £263m. The amount of so-called mega breaches – cases that involve more than 1m records being lost – have nearly doubled over the last five [...]
New Financial Conduct Authority (FCA) chair Charles Randell warns of danger of big data ‘algogracy’ July 11, 2018 The new chair of the Financial Conduct Authority (FCA) Charles Randell today warned of the danger of a new “algocracy” as new technology threatens to harm consumers of financial services. Randell suggested that the concurrent rise of “big data”, artificial intelligence and machine learning, along with behavioural science insights, could require a new regulatory framework. [...]
The cost of a major data breach for businesses hits £263m, almost doubling in just five years according to IBM July 11, 2018 The hidden costs of a data breach to businesses globally has risen by 6.4 per cent in the last year, with the average total cost of a major breach hitting £263m. The amount of so-called mega breaches – cases that involve more than 1m records being lost – have nearly doubled over the last five [...]
Wimbledon 2018: What Roger Federer’s $300m Uniqlo deal tells us about the state of tennis sponsorship July 8, 2018 On the eve of Wimbledon, men’s tennis news was again dominated by the same old names: Andy Murray’s late withdrawal, Novak Djokovic’s re-built serving action, Rafael Nadal’s lack of grass-court preparation and, of course, Roger Federer’s bumper new kit deal with Japanese brand Uniqlo. This is no surprise to the casual fan, for the Big [...]