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There was a setback for artificial intelligence last week because they did not get the credit they felt they deserved, when a The London court rules the AI system Dabus could not be named as an inventor on British patent applications because it was not a person.
The important decision comes after Stephen Thaler, an American expert on AI, filed a lawsuit against the British Intellectual Property Office (IPO). It rejected two patent applications that its AI machine called as the inventor of a food container that could change shape, and as a flashing light.
AI may not be a person, but it can be a very intelligent robot. Amazon resumes the technology’s advancement on Tuesday when it introduces Astro, a home robot that runs the business described as a “beautiful illustration” of AI progress.
DeepMind showed today that AI can also be an excellent weather forecaster in the short term. His project with the UK Met Office has found an AI-based approach called ‘deep generative modeling’ or DGM performed better than other “now broadcast” methods – determine the timing, location and intensity of high-resolution precipitation up to two hours in advance, which can help alert emergency services to an impending flood risk.
DeepMind, a British company acquired by Google, competes with Chinese AI companies led by SenseTime, Megvii, Yitu and CloudWalk. SenseTime’s expertise is in face recognition, preparing for a $ 2 billion public listing in Hong Kong. We have an analysis today of its prospects, but it plans to invest a large portion of the IPO’s proceeds in research and development, which includes a new AI supercomputer data center near Shanghai.
General technology investment in AI is increasing. Gartner research published today suggests that a third of tech vendors want to invest $ 1 million or more in AI within two years.
In fund management, Emma Boyde reported at least two executives, EquBot and Qraft Technologies, operate dedicated exchange-traded funds (AIs) with AI and claim early success. Qraft’s US Large Cap Momentum ETF (AMOM) has become an expert in showing no human emotional attachment to dumping all its Tesla shares if the algorithm requires it, and making significant gains:
John Thornhill’s latest column look at the risks of trading systems with AI that destabilize financial markets. There is a danger of herd, game or collusion if systems are all trained on the same data and the same types of algorithms. It sounds a lot like human behavior, maybe AI systems are human after all?
The internet of (five) things
1. Alphawave shares crash after FT report
Alphawave shares in London lose more than half of their value on Wednesday, after the FT published an article record the close ties of the semiconductor company with key contract partners. The Toronto-based chip IP group listed £ 856 million in a stock exchange in May, valuing the company more than £ 3 billion and making it the most valuable semiconductor company in London.
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2. General Catalyst examines the new VC trend
General Catalyst, one of the largest American venture capital firms, has started a fund sales contracts at technical companies for sale. It follows companies like Capchase and Pipe, which allow companies to pre-sell rights on their future revenue streams at discounted prices.
3. Stream straight to pirates
The downside of Hollywood studios’ experiments with releasing new movies on streaming services, along with their movie debut, is the immediate availability of pristine pirated copies of movies like Disney’s Black widow and Warner Bros. Godzilla vs Kong, reports Chris Grimes in LA. It costs the studios millions of lost revenue per week. Lex kyk how Korean entertainment companies were affected by Netflix’s latest global hit Inquisition game.
4. What Huawei is doing next
With Chief Financial Officer Meng Wanzhou finally returning to China over the weekend for her Canadian extradition story, Today’s Great Read look at how Huawei should rediscover itself in the face of US sanctions. Cloud services and software for smart cars are two promising areas.
5. What the Sims’ Will Wright will do next
What do you do after breaking records for the best-selling game series ever and redefining the idea of what a video game can be? If you’m Will Wright, the creator of SimCity and The Sims, you lie low. Since the release of its most recent game in 2008, evolution simulator Track, enjoying the 61-year-old quiet time. But now this oldest statesman is at stake plans his return next month.
Technical Tools – Withings ScanWatch Horizon
Today together added the ScanWatch Horizon to its range of hybrid smartwatches, aimed at offering the best of both worlds in combining digital with mechanical clockwork features. The Horizon is inspired by the luxury diving watch tradition, but also offers health monitoring, including heart rate, ECG, respiratory disorders, blood oxygen levels, sleep and physical activity. The watch is available in the UK today for £ 375 before tax, and has a stainless steel swivel ring with laser engraving marks that contain the standard codes of diving practice, along with Luminova hollow watch hands, indicators and thick indices that allow it to weak light is used. Oh, and it’s clearly waterproof — up to 100 feet deep.