“President Xi Jinping wants China to be the world’s AI leader by 2030.” https://www.nbcnews.com/nightly-news/video/china-using-artificial-intelligence-to-build-economy-monitor-population-63759941873
Tag: AI
How to win over banking customers to trust AI
“In addition, when asked who you would prefer to decide whether or not to provide you a loan –a human or AI – 81% answered a human employee at a bank, compared to 19% saying AI. It starts with getting personalisation right. There is a fine line between utilising a customer’s preferences and needs to…
Banking Customers Can Now Open An Account Using Just A Selfie
“U.K.-based bank NatWest is now allowing customers to open an account with just a selfie. In partnership with financial technology company HooYu, NatWest is using facial recognition AI and biometrics to match consumers’ selfies with their ID photos and open accounts.” https://www.psfk.com/2019/07/facial-recognition-selfie-bank-account.html HooYu- https://hooyubusiness.com
AI Weekly: Highlights from VentureBeat’s AI conference Transform
“Developing an data strategy should come before considering AI for your business If you “don’t have top-down support and understanding for bottom-up initiatives, you’re going to fail miserably because there’s going to be … a longer timeline for ROI.” Accelerating scale of compute use is “what keeps me up at night.” Advances in optimization and…
The AI technique that could imbue machines with the ability to reason
“Nobody tells the baby that objects are supposed to fall,” said Yann LeCun, the chief AI scientist at Facebook and a professor at NYU…, “a lot of what they learn about the world is through observation.” While algorithms based on supervised and reinforcement learning are taught to achieve an objective through human input, unsupervised ones…