The partnership will enable Wal-Mart to boost its online presence and tap into Microsoft’s repertoire of cloud services and advances in artificial intelligence technologies which could potentially enable it to provide customers at its brick and mortar stores cashier-less checkouts. On Tuesday, Walmart Inc, the world’s biggest brick-and-mortar retailer, disclosed it had entered into a…
Much of the U.S. government’s stance can be traced back to a report prepared by the U.S. Department of Defense, which warns of Chinese venture investors accessing “the crown jewels of U.S. innovation.” Although the U.S. Administration is pushing to protects national security interests by blocking Chinese investments in the field of artificial intelligence, machine…
By 2025, China aims to displace U.S. dominance in the artificial intelligence industry. On Thursday, China’s news agency Xinhua stated, Tianjin plans on setting up funds worth $16 billion (100 billion yuan) to support the artificial intelligence industry. By 2025, China wants to become the world leader in artificial intelligence and displace the United States…
The U.S. Administration is increasingly boosting efforts to tilt, what has so far been so far in recent history, a one-sided affair, of collaboration and forced technology transfer from the U.S. to China. Beijing’s Made in China 2025 industrial policy has opened the administration’s eye to China’s furtive motives of leveraging the dual benefits of…
Researchers at Singapire’s Nanyang Technological University (NTU) have programmed two robotic arms that can automatically assemble an IKEA chair. This opens up a new possibilities as well as improved cost savings for the Swedish company. In a significant milestone IKEA disclosed, it has installed robots in its Singapore plant which can assemble flat-packed furniture. As…
Roland Berger, a consultancy firm, says, the adoption of AI by utilities are heralding a new age of leaner, more efficient distribution and load bearing systems. According to Roland Berger, a consultancy firm, if utilities were to adopt artificial intelligence, which could predict demand swings on the usage of power, for example, they could significantly…
Sony Corp is the latest tech firm vying for market share in Japan’s highly regulated ride-hailing market and is set to partner with Daiwa Motor Transportation and 4 other domestic Japanese taxi firms for the same. On Tuesday, Japan’s Nikkei newspaper reported, Sony Corp is to become the latest tech firm which is jockeying for…
XtalPi uses quantum physics, AI and cloud computing to improve drug design processes. China’s Tencent Holdings Ltd along with Sequoia Capital China and Alphabet Inc’s Google have joined a $15 million series B funding round for XtalPi Inc, a Boston and Shenzhen-based artificial intelligence (AI) pharmaceutical firm. A statement by Google and XtalPi confirmed that…
China wants to attract talent in AI areas of biometric identification, cloud computing, big data and deep learning and wants to apply them in military technology in order to gain a leverage over the United States. China is pushing ahead to fulfill its ambition of becoming a world leader in Artificial Intelligence by 2025 and…
The firm’s R2 Data Labs will use a wide array of tools, including AI, machine learning and analytics to push for innovation and growth across its businesses. In what is likely to be a milestone for Rolls-Royce, the firm has created a data unit, R2 Data Labs, that uses artificial intelligence, analytics and machine learning…
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