Home 

Trump signs order prioritizing artificial intelligence research amid looming China ambitions

President Donald Trump signed an executive order Monday directing the U.S. government to prioritize artificial intelligence in its research and development spending, the White House said. The order, which comes amid concerns about China’s ambitions to dominate the sector and the likelihood of disruption for workers as the technology automates millions of jobs, doesn’t outline specific funding goals, but says it aims to ensure that AI develops in a manner that reflects U.S. values and to push training for the future workforce. Is China really snapping at the heels of…

Read More
Home 

Voices and Deeds: Predicting Firm Performance with Artificial Intelligence

[Sponsored Article] By CHEN Yanzhen, Assistant Professor,Department of Information Systems, Business Statistics and Operations Management,HKUST Business School   AI may enable computers to detect meaning from voices. We humans are good at detecting meaning from the nuances of voices, and we are often proud that we can infer information implicitly conveyed, and sometimes inadvertently revealed, by a speaker. Being able to discern subtleties in voices, and thus infer the underlying intentions of the speaker, is such a unique human skill that we generally consider it an important aspect of intelligence that…

Read More
Home 

No proof that artificial intelligence and automation will take away jobs, says new report

Concerns about job losses from the wider adoption of artificial intelligence (AI) and robots across industries may be exaggerated, according to a new study. There is no “conclusive evidence” that more jobs are being lost than created, as global unemployment rates have stayed relatively stable since 1991 even with the addition of 1.6 billion people into the global workforce, said the report Digital Technology and Inclusive Growth by independent think tank the Luohan Academy. “Robots and artificial intelligence are still in the early stages of development and their ability to…

Read More
Home 

Nansha, the pearl of the Greater Bay Area (GBA), is in full speed to foster artificial intelligence AI innovation

[Sponsored Article] A global race to speed up artificial intelligence applications AI and innovations is on. Nansha district of Guangzhou, which is located in the geographical center of the Greater Bay Area (GBA), China’s biggest economic engine, is acting quickly for opportunity to play a leading role on AI. Betting big on the core technology behind cutting-edge applications such as self-driving and facial recognition widely applied in the financial, public security and aviation sectors, Nansha is taking advantage of its distinguished status as one of China’s pilot Free Trade Zones…

Read More
Home 

Hong Kong exchange considers adopting robotics, artificial intelligence to enhance efficiency, eyes data trading

Bourse operator Hong Kong Exchanges and Clearing said on Monday it was looking into using robotics and artificial intelligence at the Hong Kong stock exchange, Asia’s third-largest stock market. According to its chief executive, Charles Li Xiaojia, HKEX is planning a comprehensive revamp of its business and operations to embrace the new economy. Li did not give an exact timeline, but the exchange is expected to announce a three-year strategy for 2019-21 early next year. Hong Kong Exchanges and Clearing soundly beats estimates with 20 per cent jump in net…

Read More
China 

Develop and control: Xi Jinping urges China to use artificial intelligence in race for tech future

Chinese President Xi Jinping said China must develop, control and use artificial intelligence (AI) to secure the country’s future in the next technological and industrial revolution. The comments underscored Beijing’s continued ambition for technological dominance despite Washington’s allegations of “theft” and “unfair practices” in relation to intellectual property. Xi made the comments at a Politburo “group study” session about AI on Wednesday, after the Communist Party’s 25-member policymaking body met to decide on a new game plan to handle an expected worsening in the economy from the trade war with…

Read More