AI software market posts huge growth amid digital transformation boom June 24, 2019 Revenue from AI software soared more than 63 per cent to $846m (£664m) last year amid a surge in firms investing in the new technology. Read more: David Cameron takes up role at US artificial intelligence firm Robotic process automation (RPA), which provides AI tools for businesses, is now the fastest-growing segment of the enterprise [...]
How worried should you be about deepfakes? June 21, 2019 Mark Zuckerberg recently became the latest high-profile subject of a “deepfake” hoax. A manipulated video circulating on Instagram appears to show him boasting about having “billions of people’s stolen data” and thanking a Sheffield art installation for his success. Squint, and you could mistake the fake video produced using artificial intelligence software for the real [...]
Blackstone boss donates £150m to Oxford University for AI research June 19, 2019 Blackstone chief executive Stephen Schwarzman has donated £150m to the University of Oxford for the creation of a department to study the ethics of artificial intelligence. The gift is the largest single donation to the university since the Renaissance. Read more: Small businesses to be given artificial intelligence boost The Stephan A. Schwarzman Centre for [...]
Technology fuels increasingly mobile future for investment professionals June 18, 2019 CFA Institute report finds that nearly half of investment professionals expect their roles to substantially change within the next decade.
UK tech firm Unily secures $68m investment June 17, 2019 Digital workplace platform Unily has secured $68m (£53.9m) growth investment from Silversmith Capital Partners and Farview Equity Partners. Unily, which counts McDonald’s, British Airways and Mars among its clients, intends to use the investment to “capture market share from more established providers”. Read more: Tech jobs in London rise by almost two thirds The British [...]
Time to unshackle the pensions industry June 13, 2019 When people think pensions, they probably don’t think tech and they probably don’t think innovation. I want to change that. This week is London Tech Week, when the brightest and best from across the planet come together in our great city to showcase the technologies of tomorrow. Some of the most exciting tech innovators and [...]
Facebook to create 500 tech jobs in London as it opens new engineering hub June 12, 2019 Facebook has said it will create 500 new tech jobs in London by the end of the year as it launches a new engineering centre in Soho. Roughly 100 of the new roles will be in artificial intelligence, with many of the employees working to detect and remove malicious content, fake accounts and other harmful [...]
AI to boost British GDP by a fifth in the next decade June 10, 2019 British companies that fully incorporate artificial intelligence (AI) tools into their organisations could increase their economic value by 120 per cent by 2030, while the technology itself could provide a 22 per cent boost to UK GDP. Similarly, companies that adopt AI late or not at all could lose around 20 per cent of their [...]
London leads Europe’s tech unicorn herd June 9, 2019 The UK is now home to over 70 tech unicorns, having created more than one billion-dollar company every month in the last year. Britain has more than double the amount of unicorns as the next highest-ranking European country, and comes third globally to the US and China, according to data from Tech Nation and Dealroom. [...]
Would you want to be trained by an AI? June 7, 2019 By 2025, five billion people will be connected to each other through four billion smartphones and 50bn other devices. This will produce new data at unimaginable rates. Add in exponential growth in artificial intelligence (AI) – which is predicted to generate 1.7MB of data for every person every second by this time next year – [...]