Chinese artificial intelligence start-up SenseTime has raised $620m (£465m) in funding, a month after raising $600 million from e-commerce giant Alibaba. SenseTime, which is headquartered in Beijing, develops a facial recognition product which is used by the Chinese government for its surveillance system. Other SenseTime customers include Honda, which uses the technology in its driverless cars, and Chinese smartphone companies Huawei and Xiaomi. The latest investment in SenseTime came from Fidelity International, Hopu Capital, Silver Lake and Tiger Global. Qualcomm also invested in the latest round of funding through its Qualcomm Ventures division. The US chip company has a partnership with SenseTime... Register or log in to view this and other Technology Intelligence articles. It's free and easy to do. Access brilliant stories, features and analysis Sign up to our exclusive Technology Intelligence daily newsletter Become part of our ambitious new Tech networking … [Read more...] about Chinese artificial intelligence start-up SenseTime raises $620m for its facial recognition technology
Driverless car artificial intelligence
Artificial intelligence may still be in its infancy, but it’s moving fast. Nowhere is this more apparent than in the data-rich health sector. AI has the potential to provide more precise, personalised care, as well as help us to shift our focus from treatment to prevention and tackle some of the world’s biggest global health issues. The WHO estimates that achieving the health-related targets under the Sustainable Development Goals – from ending tuberculosis to ensuring universal access to sexual and reproductive healthcare services by 2030 – will cost between $134bn-$371bn (£97bn-£270bn) a year over current health spending. AI startups raised $15.2bn last year alone, adding to investments made by tech giants like Google, Facebook, and Alibaba and a host of research institutions. It’s not only smart for public and social sectors to start investing in AI: it’s essential. Read more This healthcare company is … [Read more...] about Investment in artificial intelligence is essential for our future health
Britain is pledging £14m for a four-year technology partnership with India that it hopes will generate thousands of new jobs across the UK. The technology alliance, which will initially focus on developing driverless cars, virtual reality and artificial intelligence, follows on from the success of the UK-Israel Tech Hub, which generated £62 million worth of deals over the past five years. The ambitious agreement will see British universities and businesses partner with states in India, working with the British High Commission in New Delhi, the Indian government and private sector to increase tech investment, exports and research and development. Businesses will be able to exchange staff, develop... Register or log in to view this and other Technology Intelligence articles. It's free and easy to do. Access brilliant stories, features and analysis Sign up to our exclusive Technology Intelligence daily newsletter Become part of our ambitious new … [Read more...] about UK and India join forces on driverless cars, virtual reality and artificial intelligence
The Spectator 10 April 2018 4:20 PM 10 April 2018 4:20 PM Share Twitter Facebook LinkedIn Email Whatsapp Recently, The Spectator, in association with NatWest, brought together leading entrepreneurs, MPs and technology writers to discuss where Artificial Intelligence (AI) – or the fourth industrial revolution as it is often termed – is taking us. Guests included: Simon McNamara , group CAO of NatWest, Damian Collins MP, Tugce Bulut, CEO of Streetbees, Nathan Gralton, MD of Scopesuite, Rob O’Donovan, CEO of Charlie HR, Jesse Lozano, CEO of Pi-Top, Charles Arthur, former tech editor for The Guardian and Independent, Alan Mak MP, Sarah Drinkwater, head of Campus London for Google, Rory Cellen-Jones, BBC technology correspondent, Kevin Hanley, director of innovation for NatWest, Leigh Renders, Senior Public Affairs Manager for NatWest and Lesley Smith, UK Director of Public Policy for Amazon. Fraser Nelson chaired the discussion. A podcast was … [Read more...] about Where is Artificial Intelligence taking us?
In recent years, the notion of true artificial intelligence (AI) has undoubtedly surpassed merely a scientific abstraction. From driverless cars to healthcare, the technology is now more prevalent in our lives than ever before. It is therefore of the utmost importance that not only those driving progress in the field, but also those responsible for regulating it are able to grapple with the ethical implications of its development. A number of weeks ago, the European Commission announced plans to investigate the ethics of AI via the launch of a new group. Tasked with assessing the benefits of the technology and its potential impact on the future of work, the group’s ultimate goal will be to make informed policy recommendations to facilitate the right kind of deployment. By the close of 2018, the expectations are that the group will have drafted a thorough set of guidelines for ethical advancements in the field across Europe. Specifically, its work will focus on fairness, … [Read more...] about Nailing Down The Ethics Behind Artificial Intelligence Will Determine Its Success