Brains, Chains and Autobots August 28, 2018 They’re usually talked of as completely disparate fields; but ‘Brains and Chains’, or Artificial Intelligence and Blockchain technologies, have already started to converge – despite claims they’re philosophically incompatible. So where’s the join? Google, Amazon, Microsoft and the like have invested billions in AI over the years. Billions more are being poured into Blockchain ventures [...]
Chinese behemoth Alibaba hails significant revenue hike, despite profit blip August 23, 2018 Alibaba today bolstered its position as China’s largest online retailer, revealing revenue growth of 61 per cent for its first quarter. The group published an income of 80.9bn yuan (£9.2bn) in the three months ending June, marginally ahead of forecasts, and an increase in customers on the Taobao shopping platform as 576m people flocked to the website and app, up four [...]
The next generation of tech innovators need to be good citizens, not just good inventors August 23, 2018 The future is what the next generation makes it. No surprise, then, that today’s visionary leaders including Elon Musk, the Massachusetts Institute of Technology (MIT), and Stanford University are exploring how best to arm students with an education fit for innovation. Elon Musk’s Ad Astra super-school is the most recent headline-grabbing initiative of this kind, [...]
Ctrl Alt Delete: Technology could replace more than half of banking jobs, warns ex-Barclays boss August 23, 2018 Technology could replace more than 50 per cent of banking jobs, according to former Barclays chief executive Antony Jenkins. The boss of 10x Banking said that computers could replace customer service, middle and back office roles, and that the workforce will have to become more entrepreneurial. Read more: Aberdeen Standard Investments launches AI fund "We've [...]
Aberdeen Standard Investments is the latest to launch AI fund August 22, 2018 Aberdeen Standard Investment is the latest company to introduce Artificial Intelligence (AI) technology to help run funds. The Aberdeen Global Artificial Intelligence Global Equity SICSV will use machine learning to identify sources of potential returns. Global Head of Quantitative Solutions David Wickham said: "Recent innovations in AI, combined with rapid advances in computational power, have enabled [...]
Flying cars, AI and blockchain: These are the top tech trends in Gartner’s 2018 Hype Cycle August 20, 2018 Artificial intelligence (AI), self-driving cars and distributed ledger technology – otherwise known as blockchain – are among this year’s emerging technology trends, though some have moved closer to the so-called trough of disillusionment. Research firm Gartner’s annual hype cycle, which tracks where tech trends are on their journey from an idea to mainstream usage, today determined driverless [...]
AI could lead to mass unemployment, warns Bank of England August 20, 2018 Widespread reskilling is essential to avert a future in which AI creates long-term unemployment, the Bank of England’s chief economist warned on Monday. Andy Haldane predicted that machine automation will lead to a “hollowing out” of the jobs market “on a much greater scale in the future” than during the revolutions of coal, electricity and computing [...]
An innovation culture is about far more than shiny new tech August 20, 2018 This summer, Airbus became the poster company for business anxiety in Britain. In June, the aerospace giant warned that it might have to consider its future in the UK if we were to crash out of the EU in March 2019 without a deal on trading, saying that the potential outcome would be “catastrophic”, throwing [...]
Gartner Hype Cycle 2017: Artificial intelligence at peak hype, blockchain heads for disillusionment, but say hello to 5G August 17, 2018 The hype around artificial intelligence is at its peak, while those interested in blockchain might be heading for disillusionment. That’s according to Gartner’s annual Hype Cycle, which tracks the progress of emerging technology trends, from early innovation to becoming a household must-have. Deep learning and machine learning are at what it calls the “peak of [...]
Samsung to plug $160bn into new technology in major growth push | City A.M. August 8, 2018 Samsung will boost its investment into tech businesses by $160bn (£123.6bn) over the next three years, in an effort to prop up South Korea’s place in industry while advancing its profit. Samsung Electronics will primarily fund $22bn of that investment to underpin research into artificial intelligence (AI), 5G connectivity, electronic components for automotives and biopharmaceuticals. [...]