“A majority of North American AI Ph.D.s — 65% — now go into industry, up from 44% in 2010, a sign of the growing role that large companies are playing both in AI research and implementation. Even with the pandemic, private AI investment grew by 9.3% in 2020, a bigger increase than in 2019. The…
Tag: china
Here’s what you need to know about the new AI race
“AI dominance can take on many forms. We tend to think of AI as a technology, but it is first and foremost an ambition to create systems that display intelligent behavior. We can roughly identify three technological manifestations of this ambition. First, programmed AI that humans design in detail with a particular function in mind,…
China Tightens AI Export Restrictions
“Microsoft Corp., Walmart Inc. and Oracle Corp. have all expressed interest in the breakout app, the success of which rests on addictive video feeds powered by ByteDance’s AI-driven content-recommendation engine. China announced new restrictions on artificial-intelligence technology exports that could further complicate the sale of TikTok’s U.S. operations, while intensifying the tech battle between the…
Digital Banking: Swiss Financial Giant UBS has Applied for a Virtual Bank License in Mainland China
“Koh revealed that acquiring a wealth management customer costs about $25,000. UBS’ management believes they can significantly reduce such expenses if they operate an all-digital bank. Koh believes China is the ideal place to establish a digital banking platform, because of the nation’s expertise in artificial intelligence (AI). The $13.6 trillion economy is also home…
The White House wants to spend hundreds of millions more on AI research
“The White House is pumping hundreds of millions more dollars into artificial intelligence research. In budget plans announced on Monday, the administration bumped funding for AI research at the Defense Advanced Research Projects Agency (DARPA) from $50 million to $249 million and at the National Science Foundation from $500 million to $850 million.” https://www.technologyreview.com/f/615174/the-white-house-will-spend-hundreds-of-millions-more-on-ai-research/