AI Market Updates and Investor Insights – SwissCognitive AI Investment Radar

Welcome to the SwissCognitive AI Investment Radar, your go-to source for the latest updates on AI investments worldwide.

Our journey begins in Malaysia, where ByteDance is set to establish a $2.1 billion AI hub, marking a significant expansion in Southeast Asia. Despite a surge in the S&P 500, investors are becoming more selective with AI stocks, reflecting a nuanced market sentiment. IBM’s AI advancements are poised to boost its market share, earning a “buy” rating from Goldman Sachs.

Masayoshi Son of SoftBank reveals ambitious plans for AI, describing previous investments as merely a “warm-up” for his goal of creating artificial superintelligence. NATO’s $1 billion fund is making its first moves in AI and robotics, emphasizing defense innovation.

Navigating the complex landscape of AI ethics and regulation is crucial for investors, as transparency and explainability become paramount. Nvidia’s stock valuation sparks debate, while Baader Bank prepares to launch Europe’s first AI-enhanced ETF.

Oracle’s $1 billion commitment to AI and cloud services in Spain, alongside AI’s transformative potential in emerging markets, showcases the technology’s global impact. Japan’s AI-friendly regulations aim to attract top talent, and AI is revolutionizing real estate from investor opportunities to tenant experiences.

Samsung hints at entering the GPU market, potentially challenging industry giants, while companies worldwide grapple with AI strategy and implementation for 2024.

Join us as we delve into these compelling narratives and explore the dynamic world of AI investments.

Previous SwissCognitive AI Investments Radar: Transformative AI Investments and Market Leaders.

Our article does not offer financial advice and should not be considered a recommendation to engage in any securities or products. Investments carry the risk of decreasing in value, and investors may potentially lose a portion or all of their investment. Past performance should not be relied upon as an indicator of future results.

Der Beitrag AI Market Updates and Investor Insights – SwissCognitive AI Investment Radar erschien zuerst auf SwissCognitive | AI Ventures, Advisory & Research.

AI Market Movements and Strategic Investments – SwissCognitive AI Investment Radar

In this edition, our radar captures significant movements, from ByteDance’s ambitious $2.1 billion investment to establish an AI hub in Malaysia, to CoreWeave’s $2.2 billion European expansion to bolster AI infrastructure.

We delve into Cisco’s launch of a $1 billion AI fund aimed at fostering secure AI solutions, and the scrutiny faced by Microsoft’s $650 million deal with Inflection AI under the FTC’s watchful eye. Hypr secures $30 million to fortify AI security against generative AI threats, while Apple’s new AI platform, Apple Intelligence, marks its strategic partnership with OpenAI.

Sports analytics take a leap with Spiideo landing a $20 million investment to enhance AI-powered video services. Salesforce’s new AI center in London, supported by a $4 billion UK investment, emphasizes the growing focus on AI training and job creation. Meanwhile, US lawmakers push for a substantial $32 billion funding for AI research to maintain technological leadership.

Amidst these developments, we also explore the regulatory challenges faced by AI advancements, insights from IBM’s study on banking CEOs prioritizing AI, and the strategic shift of consulting firms towards AI-driven efficiency.

Join us as we navigate through these dynamic narratives and uncover the future of AI investments.

Previous SwissCognitive AI Investments Radar: Strategic AI Alliances and Funding Trends.

Our article does not offer financial advice and should not be considered a recommendation to engage in any securities or products. Investments carry the risk of decreasing in value, and investors may potentially lose a portion or all of their investment. Past performance should not be relied upon as an indicator of future results.

Der Beitrag AI Market Movements and Strategic Investments – SwissCognitive AI Investment Radar erschien zuerst auf SwissCognitive | AI Ventures, Advisory & Research.

Strategic AI Alliances and Funding Trends – SwissCognitive AI Investment Radar

Today, we explore a range of significant AI investments and strategic partnerships shaping the global landscape. Our journey takes us from multi-billion dollar alliances to innovative funding initiatives, highlighting how AI continues to drive economic growth and technological advancement across various sectors.

This week, we witness the formation of a substantial $18.9 billion partnership between Hitachi and Microsoft, aimed at integrating advanced AI technologies into Hitachi’s solutions. Microsoft also makes headlines with a $3.2 billion investment in Sweden, leveraging the region’s commitment to green energy to enhance AI and cloud facilities.

Visa’s launch of a $100 million fund underscores the transformative potential of generative AI in commerce and payments, while AI’s prowess in financial analysis helps investors make better long-term decisions. Guidance from ESMA on AI in investment services highlights the importance of compliance and data quality in this evolving landscape.

Google’s $2 billion commitment to Malaysia promises significant economic and job growth, driven by advancements in AI and cloud infrastructure. Meanwhile, JPMorgan’s expansion of its AI tool aims to refine investment decisions and outcomes.

From parcel delivery innovations by Evri to the growth of AI-driven asset management strategies, this edition covers the diverse applications and impacts of AI investments.

Join us as we delve into these dynamic developments and the future they herald for AI and its role in the global economy.

Previous SwissCognitive AI Investments Radar: The AI Funding Fever’s Key Insights And Major Players.

Our article does not offer financial advice and should not be considered a recommendation to engage in any securities or products. Investments carry the risk of decreasing in value, and investors may potentially lose a portion or all of their investment. Past performance should not be relied upon as an indicator of future results.

Der Beitrag Strategic AI Alliances and Funding Trends – SwissCognitive AI Investment Radar erschien zuerst auf SwissCognitive | AI Ventures, Advisory & Research.

Unfolding The AI Investment Landscape – SwissCognitive AI Investment Radar

We delve into a compelling array of AI investments that are not only enhancing the technological landscape, but also knitting together the global economic fabric. As Artificial Intelligence continues to be a lighthouse of innovation, its tendrils extend from the established tech oases of Silicon Valley to the emerging markets of Southeast Asia and beyond, indicating a robust intercontinental commitment.

This vibrant narrative begins in the bustling tech hubs of the UK, with significant funding driving the development of autonomous vehicles, sweeps through the strategic corridors of the European Commission, promoting AI and quantum research, and extends to the ambitious shores of Singapore, with Amazon’s massive expansion of cloud services.

Each of these movements is an example of how AI investment is increasingly becoming the lynchpin not only of individual company agendas, but also of the shaping of national and regional technology strategies.

From Microsoft’s extensive commitments in Malaysia to the burgeoning AI scene in the Middle East, the world is witnessing an unprecedented alignment of economic foresight with technological prowess.

This week, we see how the promise of AI is mobilising capital, influencing policy frameworks and redefining what it means to invest in the future.

Join us as we explore these developments, their implications and the exciting potential they hold for the global landscape.

Previous SwissCognitive AI Investments Radar: AI Investment Initiatives and Market Dynamics.

Our article does not offer financial advice and should not be considered a recommendation to engage in any securities or products. Investments carry the risk of decreasing in value, and investors may potentially lose a portion or all of their investment. Past performance should not be relied upon as an indicator of future results.

Der Beitrag Unfolding The AI Investment Landscape – SwissCognitive AI Investment Radar erschien zuerst auf SwissCognitive | AI Ventures, Advisory & Research.

SwissCognitive Guest Blogger: Chad Patrick Osorio, Cross-Disciplinary University Lecturer for Environmental Economics, International Law & Social Psychology – “From Swiss Precision to Southeast Asian Potential: Unleashing the AI Advantage”

The Swiss, known for their timeless innovation, world-class precision, and culture of excellence, should consider investing in AI projects in Southeast Asia, a region ripe with opportunities and untapped potential. The International Monetary Fund notes that Asia Pacific hosts 35% of the world’s aggregate economic output. A leading powerhouse in the region is the Association of Southeast Asian Nations (ASEAN), collectively the 5^th largest economy in the world. The IMF foresees Southeast Asia to be the world’s fastest growing region. Indeed, the Swiss Federal Council has taken note of the region’s growing potential when it comes to trade and investment, and is pivoting towards ASEAN in the coming three years.

This article explores a number of compelling reasons why Swiss firms and investors should seize this opportunity and consider the untapped potential that await them in Southeast Asia.

Growing Market Potential

Southeast Asia is currently primed for remarkable economic boom. This is fueled by a rising middle class, urbanization, and increased digital adoption. Some of the region’s fastest-growing economies, such as Vietnam, Cambodia and the Philippines, present an ideal market for AI solutions. Investing in AI projects in Southeast Asia allows Swiss businesses to tap into this burgeoning market and gain a competitive edge in various sectors.

Investing in AI projects in these countries can serve as a strategic gateway for Swiss businesses to access the broader Association of Southeast Asian Nations (ASEAN) market. With a combined population of over 650 million and a rapidly growing consumer base, the ASEAN region offers immense opportunities for expansion and growth. By establishing a presence through AI projects, Swiss companies can position themselves for long-term success and establish valuable networks and partnerships across ASEAN countries.

Access to Global Talent

Southeast Asia boasts a vast pool of talented professionals, including engineers, data scientists, and AI experts. Many countries in the region are investing heavily in developing AI skills and capabilities, nurturing a strong talent ecosystem. In fact, a number of Southeast Asia’s leading universities have begun offering courses in AI and data science, with many more soon to follow suit. By investing in AI projects in Southeast Asia, Swiss businesses can gain access to this talented workforce, fostering collaborations and knowledge exchange that can propel their own AI initiatives to greater heights.

In addition, major cities in Southeast Asia, such as Singapore, Bangkok, and Jakarta, have evolved into vibrant hubs, attracting global businesses and startups alike. Together with academic and research institutions, these hubs offer a conducive environment for collaboration and innovation, providing Swiss firms with valuable opportunities to partner with local AI experts, universities, research centers, and businesses. By investing in AI projects in Southeast Asia, companies can leverage these thriving ecosystems and benefit from cross-pollination of ideas and expertise.

Addressing Unique Challenges

Southeast Asia faces distinct challenges that can be effectively addressed through the support of AI solutions. For instance, the region struggles with traffic congestion, infrastructure development, healthcare accessibility, and environmental concerns, among many others. Swiss-led AI initiatives can provide novel solutions to optimize transportation systems, improve infrastructure planning, enhance healthcare services, and promote sustainable practices. By investing in AI projects with use cases applicable in the Southeast Asian setting, Swiss companies can make a significant impact on the region’s development, all the while reaping substantial benefits. This also opens up possibilities for government support and institutional incentives.

Indeed, governments in Southeast Asia are actively promoting the development and adoption of AI technology. The Philippines joined the first 50 countries in the world to launch a National AI Strategy. Malaysia has proposed a “strategic quadruple helix partnership of government, academia, industry, and society” for its AI Roadmap. Singapore envisions itself to be a world leader in scalable, impactful AI solutions by 2030. Indonesia recently launched Stranas KA (Strategi Nasional Kecerdasan Artifisial), spanning 2020 to 2045. These are just some of the examples of how ASEAN countries, individually and collectively, are investing in infrastructure, creating supportive policies, and launching initiatives to foster AI-driven innovation. These government efforts provide a favourable environment for Swiss businesses and investors to enter the market and collaborate with local stakeholders. By leveraging these advantageous conditions, Swiss companies can navigate regulatory frameworks more easily and accelerate the implementation of AI projects. This is not to mention opening the potential for government contracts and partnerships for countries willing to learn from the Swiss AI experience.

IN SUM, investing in AI projects in Southeast Asia offers Swiss businesses a wealth of opportunities to expand their horizons and contribute to the region’s growth. The growing market potential and entry to the greater ASEAN market, access to talent and collaboration hubs, government support, and unique socioeconomic challenges make Southeast Asia an attractive destination for AI investments. Swiss companies and investors should seize the moment and harness the power of AI to drive innovation, create sustainable solutions, and establish themselves as leaders in this dynamic and promising region. By doing so, they can forge strong partnerships, unlock new markets, and secure a prosperous future in Southeast Asia.

Der Beitrag From Swiss Precision to Southeast Asian Potential: Unleashing the AI Advantage erschien zuerst auf SwissCognitive | AI Ventures, Advisory & Research.

Article by Livia Spiesz, SwissCognitive, World-Leading AI Network

Our technologies are getting smarter, making an ever-increasing sense of the data that humanity has created over thousands of years. This empowers us not only being able to start answering to urging global questions but also to become human again – getting away from the repetitive tasks and reuniting with our core human qualities. But what are humans at core? Are all humans driven by the same values and morals? Well, the deeper we dig, the more we realize how complex, yet simple humans are. All thanks to evolution, culture, and the ways how our minds are wired.

«Human complexity, yet simplicity, as well as the differences between cultures, social values and political systems, make it increasingly difficult for us to see anything in the same way, resulting in constant growth in our global moral gap.»

What we consider “right” in some parts of the world, may be completely out of question in other regions – or even in the same region just with a decade of difference. And to make it even more complicated, – regardless of region, culture, social values, and political system – what we consider moral in some situations, we may consider completely immoral in others. There is certainly no black and white, and there is unquestionably always more sides to every story, with only a fine line between right and wrong.

How that relates to Cognitive Technologies? In a way – very closely. Especially when we consider how it is being perceived and used across the world. These technologies haven’t been around us for a long time. Yet, they are seen and used in polarized ways – leading to an increasing morality gap around the world. At the end of the day, however, it is still the human being that can make a difference to shrink this gap. The question is, how are we going to achieve this, when every day passing by means a widening in our differences? It is a tough question to answer to, but what I know for sure and see in our Global AI Community that I became part of three years ago, there are an abundance of people globally that want our emerging technologies developing hand in hand with humanity’s best intentions – on common moral grounds. And with that, due to the sharpening polarization between the perception and usage of Cognitive Technologies, as well as our growing need for it, we have – and must have – enough power together to ensure that these technologies serve our and the coming generations’ best interests. We need to accept; there is no going back – technological evolution is part of the human evolution.

«We need to accept; there is no going back – technological evolution is part of the human evolution.»

Global Morality Gap – Zooming in from a Different Perspective

Before seeing what is happening in the world of our Cognitive Technologies in terms of the widening global morality gap, let me put the context into another perspective. If we look around, there are many things that on a global level we use and judge in different ways – being that put down to our diversity in cultures, norms, habits, beliefs, circumstances, ethics, psychology, biology… you name it. Let’s take medication as an example. Cannabis, for instance, can be used as a medicine, treating the side effects of patients suffering from HIV, AIDS, cancer, and PTSD, but on the other hand, in most of the countries, it is considered as an illegal drug. In fact, many countries punish involvement with cannabis with prison sentences or even death penalty, such as China, Singapore, Indonesia, Malaysia, and Saudi Arabia.

Then lets’ consider nuclear power. It is low-carbon and renewable energy that does not produce greenhouse gas emissions like methane and CO₂, and therefore, considered an environmentally friendly source of energy. On the other hand, if it is used as weaponry as part of military conflict or political strategy, it causes mass destruction with long-term radiological impact.

What about firearms? What are they? Are they killer weapons or recreational guns? In the States, the rather relaxed law on gun ownership lead to 1.2 guns per person by 2018 and a deadly killing every 15 minutes by 2019. Nevertheless, if we think about it, guns are just objects; they will not hurt or kill anyone without the human being pulling the trigger. On the contrary, Switzerland has 2 million privately owned guns in a nation of 8.3 million people; still the country’s overall murder rate is near zero.

Yet again, how are we going to find common ground of morality, when across the world, and even within the same societies and neighbourhoods we perceive and use things so utterly differently? Only humanity with the process of evolution will be able to answer this question. This, on one side, may leave us overwhelmed and vulnerable with a lot of responsibility to bear, but on the other side, can make us feel empowered with the freedom of choice between right and wrong – if we can ever globally unify these concepts in terms of morality. Nevertheless, bearing all that in mind, it still comes down to the human being, to pull the trigger or not – concerning that not only guns but also drugs, medications, as well as cognitive technologies. The solution lies within our evolution, formed by the changes in our experiences and environments. As time is ticking fast and our challenges are growing rapidly, it is our duty to find the solution not too much in the distant future.

«…it is fundamental to understand the emotions and feelings that trigger humans to “pull the trigger” of any kind of technology resulting in crime.»

Global Morality Gap – Information and Communication Technology

Shifting our attention to today’s technology and its usage, we can see how there too humankind acts out of different perception of morality. Let’s start from the bottom line. Information and Communication Technology (ICT) enables us to collect, process, store, and forward information. With the power of social media, on a personal level, this can be done at a quantity, quality and speed as never before. Even these days, when physical connection across the world is rather limited, it is the human-created technology that enables us to be closer to each other more than ever in the past.

On the contrary, the combination of ICT and social media gives a perfect basis for modern warfare weapons. As a matter of fact, as our digital dependency grows – and especially how it does in 2020 – so does the number of cybercrimes, with an attack taking place worldwide every 39 seconds. We see examples throughout industries and different aspects of our lives, including fake social media accounts to influence Trump’s re-election in 2020 and ransomware attacks in the healthcare industry, such as the one on a German Hospital in September 2020 resulting in the first death of its kind. And even though communication and freedom of speech are the basis of democracy, humans do turn against humans using technology with the hope to eliminate publicly expressed opposition – resulting, for instance, in the homicide of Jamal Khasoggy by the Saudi Kingdom. In this example, Khasoggy’s and his closest friend’s – Omar Abdulaziz – phone (WhatsApp messages) were hacked by the Israel-based cyber company NSO Group’s Pegasus – a powerful piece of malware designed to spy on its users. The malware was to be for fighting terrorism and crime. In this case, however, it has violated the human rights of dissidents, opposition figures and activists, by selling the software to oppressive regimes – to Saudi Arabia, leading to the killing of Khasoggy.

How far can we stretch the global morality gap before we go too far? Haven’t we actually already stretched it to its limits – or even further? So what is the way forward to find our way back to our core? Has humanity in fact ever been on common grounds when it comes to morality? Are we after the impossible, that with the growth of our global population is, in fact, out of reach and out of question? There is no easy answer or quick-fix to our challenges. Still, as I see and experience it through our Global AI Network, there is a solution; it lies in mutual understanding and joint forces – both of which on global common grounds.

On the note of common understanding and joint forces, as a matter of example, let’s turn our attention back to the Khasogy case for another minute. I am just wondering, whether we are making the right amount of effort to understand all perspectives before we jump to quick judgements and conclusions regarding technology as well as the humans behind it. I believe, it is fundamental to understand the emotions and feelings that trigger humans to “pull the trigger” of any kind of technology resulting in crime.  Regarding Pegasus and the people behind it, was it maybe extortion in forms of bribe, threat or torture? The clarification of this will not change what right and wrong mean on common global grounds, but it will give us understanding of the true challenges that we face – without judging technology or the human being.

«Even these days, when physical connection across the world is rather limited, it is the human-created technology that enables us to be closer to each other more than ever in the past.»

Global Morality Gap – Artificial Intelligence

Artificial Intelligence is becoming key in our processes throughout various industries. It started to augment the human mind and even exceed its capabilities and capacities. In 2017, I had no idea what Artificial Intelligence (AI) meant. As a matter of fact, during my interview with Dalith and Andy, I totally avoided the concept of AI. For some reasons, I still got the job. ???? But honestly, from a technological perspective, I still have no idea what AI is. Nonetheless, when over a coffee, some of my friends reveal that they believe AI means robots and terminators running around us as human-like beings, overpowering us and taking over our jobs, I have to jump. I have to jump, but not out of joy. I have to jump out of shock, with my curse of knowledge cognitive bias kicking in.

Being on the AI Highway with SwissCognitive for over three years now has presented me with the hands-on usage of AI from various industries. Talking to my friends and seeing some of the interactions between SwissCognitive’s ½ million online followers, I recognize, many people are not aware of how much this incredible technology is around us serving us to our best advantage. To put it into a clearer perspective, let me list some of the examples, picked from our partner organizations based only in Switzerland.

The Swiss Railway company, SBB, that transports over 1,32 million passengers a day (pre-Corona times), uses AI to ensure that it transits people safely and punctually without bottlenecks and accidents. ABB, a pioneering global technology leader, headquartered in Switzerland, uses AI to revolutionize its energy management to predict and eliminate unplanned peaks in power consumption. Novartis, a Swiss multinational pharmaceutical company, with the collaboration of Microsoft, is using AI to eliminate leprosy around the world, that 2-3 million people still live with in 2020.  Johnson & Johnson is using AI to minimize the length of drug discovery that otherwise could take ten years. The Swiss media group, Ringier, uses AI to generate revenue and boost reader engagement. The Swiss Post uses AI to manage and process its daily millions of documents. CCV uses “mindreading” AI to underpin its marketing processes. Japan Tobacco International with the collaboration of Deloitte is using AI in its technology to enable POS owners in Bolivia to refill the stocks of cigarettes from their mobile, in one click. Migros Bank has implemented AI into their processes to increase translation efficiency of its documents. Annannow is supporting its “anything-home-delivered” within 60 minutes with the use of AI technology. And these are only a handful of examples coming only from the Swiss AI ecosystem!

«It has and always will come down to humankind on a global common morality ground to join forces across political forces, research, academia, business and society, with the goal to develop and use technologies to our best advantage.»

So what is the downside? Not surprisingly, the fact that there are almost always two sides to the coin. Focusing on the cyber world for now, on one hand, AI supports security tools that identify potential threats before they occur. Due to the overwhelming scale and not enough available human resources, it also helps to combat modern slavery, including human trafficking, sexual exploitation, and forced labour. It provides us with a tool to detect fake news that would otherwise result in the unrest of groups and societies – all just based on fake statements.

On the contrary, this very same technology is also used by attackers – bypassing and dismantling cyber-security systems faster than most prevention and detection tools can keep up. In fact, cybercrime goes into many directions, such as phishing, identity fraud, malware attack, theft of payment data, cyberextortion, and cyberespionage. The scale varies between personal to regional levels. Having most of our lives connected to the online world, there is almost no exception to areas in our lives and businesses which cannot be brought under threat. With the systems becoming increasingly sophisticated and devious, we may be running out of the talent that can fight it, which could lead us to an online world where machines fight against machines.

Global Common Grounds – The Way Forward

The diversity of the factors that influences humans’ decision around turning anything into their best friend or worse enemy is extensive. Nonetheless, crime and wrongdoing have always existed and they always will – we would be too naïve to think otherwise. However, before despising technology or the human being, we ought to understand the motive and source behind the wrongdoing. Understanding can lead us to reasons and therefore, solutions that can systematically reduce the frequency and severity of the misconduct. It has and always will come down to humankind on a global common morality ground to join forces across political forces, research, academia, business and society, with the goal to develop and use technologies to our best advantage.

Background Research / Inspiration

BBC News (2020), Jamal Khasoggi: Journalist’s fiancee sues Saudi crown prince. LINK

Fogel, B., (2020), The Dissident, Documentary. LINK

Eugenio W. V. (2020). Gun Violence in America: A State-by-State Analysis. Center for American Progress. LINK

Foster, J. (2020), 21 Terrifying Cyber Crime Statistics LINK

Hart, C. (¨2015). Let’s quit abusing drug users. TEDMED Talk. LINK

ICT4peace, Jamal Khassogi – Two Years Later – Zurich Film Festival Talks. LINK to recordings

Ikeda S. (2020). Ransomware Attack at German Hospital Responsible for First Documented Death. CPO Magazine. LINK

Lederer, E. M. (2020). Top UN official warns cybercrime on rise in pandemic. Boston. LINK

Milkovich D., (2020), 15 Alarming Cyber Security Facts and Stats. LINK

Orlowski, J., (2020), The Social Dilemma, Documentary

The Local (2020), EXPLAINED: Understanding Switzerland’s obsession with gun. LINK

Unwin, J., ( 2019), Nuclear power: The pros and cons of the energy source. LINK

Walsh N. (2020) Child Abuse, Domestic Violence, Crime: online abuse material increasing substantially due to Covid-19 lockdown measures. Podcast by Nick Kelly. LINK

ZFF, Zurich Film Festival Talks. Jamal Khassogi – Two Years Later. LINK to event

Der Beitrag Technology and the Global Morality Gap – Humankind in Control erschien zuerst auf SwissCognitive | AI Ventures, Advisory & Research.

copyright by: https://asiatimes.com

The world is in a race to respond to Covid-19. This pandemic has disrupted societies, and continues to do so. Global economies are faltering; life as we know it has been put on hold. Trade and commerce have adapted, travel is restricted, and how we keep close to our communities and loved ones continually evolves.

The United Nations Conference on Trade and Development (UNCTAD) estimates that the economic impact of Covid-19 globally will be at least US$1 trillion this year.

In this unprecedented moment, technology is playing a transformative role in the world’s response to Covid-19. Emerging technologies are being developed and deployed at an extraordinary pace. Artificial intelligence (AI), big data and analytics have enabled innovative, rapid and wide-ranging responses to public health and essential-service delivery.

When economies reboot, and we emerge from self-isolation or lockdown, entrepreneurial ideas born on our sofas will need the freedom, space and support to scale up quickly. The next Asian unicorn is probably being hatched in a small town somewhere. Those ideas, big or small, will need the right digital ecosystem that supports an entrepreneurial response to flourish, not to flounder.

Heavily impacted sectors like tourism must be sustained through tough times to retain skills and bolster industry recovery. International cooperation, public-private partnerships, and technology-driven innovation will be essential to support the economic impact of these sectors for the good of all economies. 

Across Asia, technology at large is supporting business continuity, delivery of public and social services, information sharing, education, and connection for communities and families, amid significant disruption. 

Policy shifts to unlock opportunity

Led by the heroic efforts of essential workers, public health policy is in the process of being altered forever. Technology has played a role in helping stretched public health systems manage caseloads, enabling supply chains, connecting health workers to patients, facilitating telemedicine services for rural and affected communities, and supporting digital health tools. 

Governments across Asia are using digital technology to drive parts of their response. In Singapore and South Korea, for example, wide-scale screening, tracing and mapping efforts are finding success in containing transmission. Indonesia has followed this lead, while Malaysia has enabled citizens to assess individual health risks to support monitoring efforts.  

Scientists and researchers are navigating voluminous amounts of global health data, securely and at speed using cloud, data analytics and AI. These technologies are also accelerating scientific and medical analysis and experiments that would otherwise take years of human effort. Information sharing, rapid response technology, and access to innovation should become global health assets and not country-specific ones.

Education went from the classroom to the living room overnight. This seismic shift, enabled by the Internet and digital platforms, has helped learning to continue. However, hard questions on Internet access, investment in teachers and the broader role of technology must be asked and answered.

As the physical movement of goods and people becomes increasingly restricted around the world, technology such as cloud is a powerful lower-cost option for small businesses. At the same time, digital e-commerce and ride-hailing platforms are a lifeline for food, medicine and essential services.

With social distancing increasingly practiced globally, working from home is the new norm, enabled by cloud-based videoconferencing services and collaboration tools. Responding to this new paradigm of work will require business, government and community to embrace new practices.

Paramount to ensuring that technology can contribute even more will require governments to rethink digital policies and regulations in order to remove barriers and reduce burdens. This will be critical for key areas like e-commerce, payments, cross-border data flows, security, and privacy. Digital integration is a must.

There will be many competing priorities for government attention, investment and regulation in the months and years ahead. Technology companies are willing to play a critical role in the rebuilding phase. Public-private partnerships must be deepened to enable this.

Read more: https://asiatimes.com

Der Beitrag Cognitive Technologies for our Future erschien zuerst auf SwissCognitive | AI Ventures, Advisory & Research.

copyright by www.computerweekly.com

The park, focused on building AI applications that take advantage of computer vision , speech recognition and natural language processing , will be built by engineering contractor China Harbour Engineering Company, G3 Global, a Malaysian apparel company that has diversified into IT, and Chinese AI firm SenseTime.

It will also serve as a platform to groom local AI talent, and support efforts to build a commercial AI ecosystem and advance AI research in Malaysia.

“We see huge potential of AI in Malaysia and we can’t wait to raise the bar of our nation with other countries,” said Wan Khalik Wan Muhammad, executive chairman of G3 Global.

“The idea to set up the AI park is vital in order to build AI research related public service infrastructure as the base to promote AI technology in Malaysia. In addition, this becomes a place for talents to be trained on AI and machine learning,” he added.

Noting that AI has become a tool for Malaysian organisations to glean business insights and increase productivity, Wan Khalik expects the AI park to have a “huge impact” on government agencies, as well as banking, manufacturing and healthcare industries.

The AI park was announced during Malaysian prime minister Mahathir Mohamad’s visit to SenseTime’s premises in Beijing last week where the second Belt and Road Forum for International Cooperation was held.

During a demonstration of SenseTime’s AI capabilities in areas such as autonomous driving, smart cities, education and healthcare, Mahathir noted that there are plenty of application scenarios for those technologies in Malaysia. With a passion for driving, Mahathir also tried out a self-driving car system.

“With advanced AI technology and extensive business experience, SenseTime is honoured to be part of Malaysia’s new journey. We look forward to working together with Malaysian government, academia and business sectors, bringing our technological expertise and experience to Malaysia and building a better world with AI technology,” said SenseTime founder Tang Xiao’ou.

The location of Malaysia’s first AI park has not been set. As part of their collaboration, SenseTime will build an AI and supercomputing platform

Malaysia is one of the few countries with a national big data analytics framework to encourage adoption of big data across industries. Building on this framework, the Malaysia Digital Economy Corporation (MDEC) is expected to introduce a national AI framework by the end of this year.

for research and cloud services, while G3 Global will facilitate the park’s development and form partnerships with industry and academia to support the park’s activities.[…]

read more – copyright by www.computerweekly.com

Der Beitrag Malaysia to get its first AI park erschien zuerst auf SwissCognitive | AI Ventures, Advisory & Research.

copyright by theautomarket24.com

The regional and global segmentation of the global Cognitive Computing market segments the market into major regions covering United States, North America, Canada, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Italy, Europe, Germany, France, UK, Russia, Rest of Europe, Central & South America, Brazil, Rest of South America, Middle East & Africa, Egypt, Turkey, South Africa, Rest of Middle East & Africa and rest of the world. According to the research report, these are the leading market and estimated to grow during the forecast period. Holding the immense share in the global market, it is growing with good speed. Our Research will focus on sector analysis, market trends and competitive landscape and drivers as well as conducts the detailed market research and develop this single-volume resource document.

Leading Players Of Cognitive Computing Market Are:

Google LLC, IBM corporation, Microsoft corporation, Oracle corporation, SAP Inc, Statistical Analysis System (SAS) Software Ltd, Saffron Technology Inc, Vicarious FPC Inc, Palantir Technologies Inc, Enterra Solutions LLC

Global Cognitive Computing Market Segmentation:

Global market segmentation, by technology:

Natural Language Processing
Machine Learning
Automated Reasoning Information
Retrieval Global market segmentation, by deployment:

On-premises
Cloud Global market segmentation, by application:

Robotics
Cyber Security
Social Media Monitoring
Self-driving cars
Gaming
Video Surveillance
eLearning
Global market segmentation, by end-use:

Banking, Financial Services and Insurance (BFSI)
Media & Communication Services
Manufacturing and Natural Resources
Aerospace and Defence
Transportation and Logistics
Government and Utilities
Others (Food & Beverages, Oil & Gas, Real Estate)

Report Coverage:

-Worldwide and Top 20 Countries Market Size of Cognitive Computing , and development forecast 2018-2027.

-Main manufacturers/suppliers of Cognitive Computing global and market share by regions, with company and product introduction, position in the Cognitive Computing market.

-Cost and profit status of Cognitive Computing, and marketing status.

-Market growth, challenges, and drivers.

-Market current status and development trend of Cognitive Computing by types and applications.

Some of the key pointers addressed in the report have been enlisted below:

-An elucidation of pivotal pointers such as the market share amassed by every region sales and the volume accumulated over the projected time frame.

-Further details about the manufacturer base, such as generic overview of the company, an overview of the firm in terms of the position it currently commands in the Cognitive Computing market, and its expanse in the industry.

-An exhaustive summary of the products developed by the manufacturers in question and a concise summary of the product portfolio with respect to parameters such as the product applications and sales volume every product type accounts for.

-Pivotal pointers such as Cognitive Computing market competition trends as well as the market concentration rate – basically inclusive of the specifics about some of the top players of the Cognitive Computing market.[…]

Der Beitrag Global Cognitive Computing Market Report Highlighting Business Opportunities, Industry Leaders, And Forecast 2027 erschien zuerst auf SwissCognitive | AI Ventures, Advisory & Research.

copyright by www.independent.co.uk

“The more disruptive approach is to say maybe we can reduce the crew needs for our future aircraft,” Mr Eremenko told Bloomberg Television’s Yvonne Man in an interview broadcast on Wednesday. “We’re pursuing single-pilot operation as a potential option and a lot of the technologies needed to make that happen has also put us on the path towards unpiloted operation.”

The aerospace industry has begun seeing a similar trend as the car market, where carmakers are investing in or acquiring autonomous driving startups. Plane manufacturers including Airbus and Boeing are racing to develop artificial intelligence that will one day enable computers to fly planes without human beings at the controls. Read more Turning that idea into a practical reality won’t be easy in an industry where at least two pilots in the cockpit have been the norm for commercial flights for several decades. After a Germanwings pilot flew an A320 plane into the French Alps in March 2015, killing all 150 people on board, many airlines around the world made at least two people in the cockpit mandatory at all times.

Airplanes are not cars

In addition to there being no transport-category aircraft certificated for a single pilot or pilotless flight, it’s unclear whether passengers or their insurers or carriers would accept or permit it, said aviation consultant Robert Mann, a former American Airlines executive. “People are arguably apprehensive about these kind of things,” said Shukor Yusof, founder of aviation consulting firm Endau Analytics in Malaysia. “You have driver-less cars, driver-less buses, but for something that flies, that’s something different.”  […]

Der Beitrag Airbus is looking towards a future of pilotless planes erschien zuerst auf SwissCognitive | AI Ventures, Advisory & Research.