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...

Data scientists’ pay could hit £100k in 2022 amid ‘white hot’ jobs market

According to a forecast by Randstad, the salaries of leading data scientists could hit £100,000 by April 2022 amid a “white hot” jobs market.

A large number of vacancies across many sectors of the jobs market are leading employers to offer higher salaries to attract and retain staff. With inflation expected to hit five percent next year, workers are simultaneously looking for pay increases to keep pace with the cost of living.

Adrian Smith, Senior Director of...

OpenAI removes GPT-3 API waitlist and opens applications for all developers

OpenAI has removed the waitlist to access its GPT-3 API which means any developer can apply to get started.

The AI giant unveiled GPT-3 in May last year to a mixed reception. Few doubted GPT-3’s impressive ability to generate text similar to a human writer, but many expressed concerns about the societal impact.

Fake news and propaganda are already difficult to counter even when it’s being generated in relatively limited amounts by human writers. The ability for...

Wordtune launches commercial AI tool for summarising walls of text

A number of AI tools are cropping up to summarise text and Wordtune is throwing its hat in the ring.

Faced with a wall of text, many of us are guilty of closing the page and moving on with our busy lives. Research suggests that UK employees and students are spending almost an hour a day on average reading for work-related purposes and over a third (37%) are suffering work-related “reading fatigue”.

Wordtune Read is a new AI reading tool claiming to help people read...

Stefano Somenzi, Athics: On no-code AI and deploying conversational bots

No-code AI solutions are helping more businesses to get started on their AI journeys than ever. Athics, through its Crafter.ai platform for deploying conversational bots, knows a thing or two about the topic.

AI News caught up with Stefano Somenzi, CTO at Athics, to get his thoughts on no-code AI and the development of virtual agents.

AI News: Do you think “no-code” will help more businesses to begin their AI journeys?

Stefano Somenzi: The real...

BT uses epidemiological modelling for new cyberattack-fighting AI

BT is deploying an AI trained on epidemiological modelling to fight the increasing risk of cyberattacks.

The first mathematical epidemic model was formulated and solved by Daniel Bernoulli in 1760 to evaluate the effectiveness of variolation of healthy people with the smallpox virus. More recently, such models have guided COVID-19 responses to keep the health and economic damage from the pandemic as minimal as possible.

Now security researchers from BT Labs in Suffolk...

IBM enhances Watson Discovery’s natural language processing capabilities

IBM has announced enhancements to the natural language processing (NLP) capabilities of Watson Discovery.

Watson Discovery is an AI-powered intelligent search and text-analytics platform that can retrieve critical information buried in enterprise data.

In one case study, Woodside Energy had no way to retrieve the 30 years’ worth of valuable engineering and drilling knowledge that was buried in unstructured documentation. Using the existing NLP capabilities of Watson...

GTC 2021: Nvidia debuts accelerated computing libraries, partners with Google, IBM, and others to speed up quantum research

Nvidia has unveiled 65 new and updated software development kits at GTC 2021, alongside a partnership with industry leaders to speed up quantum research.

The company’s roster of accelerated computing kits now exceeds 150 and supports the almost three million developers in NVIDIA’s Developer Program.

Four of the major new SDKs are:

ReOpt – Automatically optimises logistical processes using advanced, parallel algorithms. This includes vehicle routes, warehouse...

Tencent Cloud unveils three world-class AI chips

AI Chips

Tencent Cloud claims to have developed three world-class AI chips that substantially outperform rivals, although details at this point are scarce.

The third largest cloud services company in China, following Alibaba and Huawei, Tencent recently revealed the three chips at its 2021 Digital Ecology Conference.

Current information on the three chips can be summarised as follows:

Zixiao – an “AI reasoning” chip that supposedly offers 100 percent better...

What data skills do you need to drive business success?

The global pandemic has driven home the fact that data is vital to the success of every organisation. Companies across the UK are realising the importance of scaling and growing their analytics capabilities, something that has become even more critical in the ‘covid’ era.  

According to the 2020 UK Business Data Survey, 81% of all businesses surveyed say they handle digitised personal data, digitised non-personal data, or both, and use of data increases considerably as...