SenseTime prepares to list on the Hong Kong Stock Exchange

Chinese AI giant SenseTime has received regulatory approval to list on the Hong Kong Stock Exchange (HKSE).

SenseTime is the world’s most-funded AI firm and has attracted large investments in part due to providing technology for the Chinese government’s vast surveillance network.

The company’s Viper system aims to process and analyse over 100,000 simultaneous real-time streams from traffic cameras, ATMs, and more to automatically tag and keep track of...

UK Digital Secretary orders ‘Phase Two’ probe into Nvidia-Arm merger

UK Digital Secretary Nadine Dorries has ordered a “Phase Two” probe into the proposed £29 billion merger between Nvidia and Arm.

The CMA (Competition & Markets Authority) has been investigating whether the deal is anti-competitive. In August, it declared the deal does indeed raise “serious competition concerns”.

Arm founder Hermann Hauser went further and suggested the merger would amount to “surrendering the UK’s most powerful trade weapon to the...

UK-Aus probe finds Clearview AI fails to comply with privacy regulations

A joint UK-Australia probe has found that Clearview AI fails to comply with privacy regulations.

The facial recognition provider has been the focus of many investigations for its controversial practice of scraping the online data of people without their consent.

The joint investigation, conducted by the ​​UK Information Commissioner's Office (ICO) and Office of the Australian Information Commissioner (OAIC), found that Clearview AI has scraped the biometric...

EU launches antitrust probe into $40B Nvidia-Arm acquisition proposal

The European Commission is following the UK in launching its own antitrust probe into the proposed Nvidia-Arm acquisition.

Nvidia has put in a $40 billion offer to acquire Cambridge-based Arm, which designs a large proportion of the chips that end up in devices.

“AI is the most powerful technology force of our time and has launched a new wave of computing,” said Jensen Huang, founder and CEO of NVIDIA, when the acquisition was announced.

“In the years...

UK health secretary hopes AI projects can tackle racial inequality

UK Health Secretary Sajid Javid has greenlit a series of AI-based projects that aim to tackle racial inequalities in the NHS.

Racial inequality continues to be rampant in healthcare. Examining the fallout of COVID-19 serves as yet another example of the disparity between ethnicities.

In England and Wales, males of Black African ethnic background had the highest rate of death involving COVID-19, 2.7 times higher than males of a White ethnic background. Females of Black...

GlobalData: China is ahead of global rivals for AI ‘unicorns’

China is pulling ahead of global rivals when it comes to innovative AI “unicorns” that are pushing the technology forward.

Research from GlobalData has found that – of the 45 international AI unicorns identified – China has the largest share with 19 based in the country.

Priya Toppo, Analyst of Thematic Research at GlobalData, comments:

“China is a leading player in AI, with a number of established companies such as Baidu, Hikvision, iFlytek, Tencent,...

BCS, Chartered Institute for IT: Human reviews of AI decisions require legal protection

A leading IT industry body has warned that human reviews of AI decisions are in need of legal protection.

BCS, The Chartered Institute for IT, made the warning amid the launch of the ‘Data: A New Direction’ consultation launched by the Department for Digital, Culture, Media and Sport (DCMS).

The consultation aims to re-examine the UK’s data regulations post-Brexit. EU laws that were previously mandatory while the UK was part of the bloc – such as the...

MEPs back AI mass surveillance ban for the EU

MEPs from the European Parliament have adopted a resolution in favour of banning AI-powered mass surveillance and facial recognition in public spaces.

With a 71 vote majority, MEPs sided with Petar Vitanov’s report that argued AI must not be allowed to encroach on fundamental rights.

An S&D party member, Vitanov pointed out that AI has not yet proven to be a wholly reliable tool on its own.

He cited examples of individuals being denied social benefits...

UK sets out its 10-year plan to remain a global AI superpower

The UK has unveiled its 10-year National Artificial Intelligence Strategy with the aim of securing the country’s place as “a global AI superpower”.

DeepMind, Benevolent AI, Graphcore, Darktrace, Oxbotica, and Behavox are just some of the companies that have established the UK’s place as Europe’s leader in AI.

Joanna Shields, CEO of Benevolent AI and Co-Chair of Global Partnership on Artificial Intelligence (GPAI), commented: “A comprehensive strategy and...

UN calls for ‘urgent’ action over AI’s risk to human rights

UN Assembly

The United Nations’ (UN) head of human rights has called for all member states to put a moratorium on the sale and use of artificial intelligence systems.

UN high commissioner for human rights Michelle Bachelet acknowledged that AI can be a “force for good” but that it could also have “negative, even catastrophic, effects” if the risks It poses are not addressed.

Bachelet’s comments come alongside a new report from the Office of the High Commissioner for...