Qualcomm invests undisclosed amount in Chinese AI startup SenseTime

Companies across the global are pushing the advance of AI-based deep learning for facial recognition technology. The multi-billion dollar industry is seeing rapid adoption by China as it tries to enforce a rigid framework on its citizens much like its firewall which limits its citizens’ usage of the internet. On Wednesday, the SenseTime Group, a…

Trading Technologies International Inc acquires Neurensic LLC for undisclosed sum

Neurensic specialises in developing machine learning based software which markets participants, includers, traders, stock exchanges and market regulators, can use in real time to spot market related risks. Chicago-based Trading Technologies International Inc, a trading software provider has disclosed that has acquired Neurensic LLC for an undisclosed amount. Neurensic uses ai for market surveillance and…

Waymo changes gear: to integrate its improved AI tech into mass produced vehicles

With this development, self-driving cars are a step closer to retail reality. In a significant development, Alphabet’s self-driving car unit Waymo has disclosed it is retiring its Firefly line of test vehicles and is now moving on to integrating its technology into mass-produced vehicles. Initially, Waymo will move to equip its 600 Chrysler Pacifica minivans…

Trump Administration making CFIUS stronger to block Chinese investment in Artificial Intelligence and Machine Learning

The Chinese have found weaknesses in CFIUS and are exploiting it to the hilt. As per current and former U.S. officials, the U.S. is poised to heighten the scrutiny on investments made by China in Silicon Valley in order to better shield sensitive technologies which are seen as vital to U.S. national security. In recent…

Major U.S. tech companies press Congress for increased transparency in internet surveillance programs

A bipartisan group is in the process of drafting legislation which is expected to address some, if not all, of the concerns raised in the said letter. More than two dozen U.S. tech companies in the U.S., including Amazon and Facebook has urged the U.S. Congress to make broad changes to laws that govern internet…

Google offers machine-learning coders a chance to grab $30,000 in cash money and more

Google is looking for coders who can design machine learning algorithms for tagging 700,000 audio video files in its YouTibe-8M dataset. Machine learning coding teams are welcome to join the competition. Although most of us may not have heard of YouTube-8M, for those of you who are into machine learning, YouTube-8M is a big deal,…