Shopic AI smart carts secure further £7.2m in funding

Supermarket shelves

Retail AI solutions provider Shopic has raised an additional $10 million (£7.2m) of funding, bringing its total amount raised to $21 million.

Shopic's goal is to transform in-store shopping through its AI-powered clip-on device for shopping carts. The device recognises when shoppers add or remove items to their cart and allows them to pay without the need for a cashier or self-checkout machine.

Seemingly the next step in the nullification of supermarket employees,...

Experts debate whether GitHub’s latest AI tool violates copyright law

GitHub’s impressive new code-assisting AI tool called Copilot is receiving both praise and criticism.

Copilot draws context from the code that a developer is working on and can suggest entire lines or functions. The system, from OpenAI, claims to be “significantly more capable than GPT-3” in generating code and can help even veteran programmers to discover new APIs or ways to solve problems.

Critics claim the system is using copyrighted code that GitHub then plans...

You can now buy AI technologies from TikTok

From the company’s owner, not your favourite TikTok influencer.

Behind every successful TikTok video is a bunch of clever algorithms helping to make it a viral sensation. The company’s owner, ByteDance, launched a new division last month called BytePlus which sells TikTok’s AI technologies.

Up for grabs is the recommendation algorithm behind the ForYou feed, computer vision tech, automatic speech-to-text and text-to-speech, data analysis tools, and...

GitHub releases an AI-powered copilot to help improve code

GitHub is helping developers to speed up and clean up their code with a new AI-powered tool that it calls Copilot.

GitHub Copilot uses an AI system from OpenAI known as OpenAI Codex. The system claims to have a broad knowledge of how people use code and claims to be “significantly more capable than GPT-3” in generating code.

By drawing context from the code that a developer is working on, the system is able to suggest entire lines or...

Google launches fully managed cloud ML platform Vertex AI

Google Cloud has launched Vertex AI, a fully managed cloud platform that simplifies the deployment and maintenance of machine learning models.

Vertex was announced during this year’s virtual I/O developer conference and somewhat breaks from Google’s tradition of using its keynote to focus more on updates to its mobile and web development solutions. Google announcing the platform during the keynote shows how important the company believes it to be for a wide range of...

IBM’s Project CodeNet wants to teach AI how to code

IBM has announced Project CodeNet, a large dataset that aims to help teach AI how to understand and even write code.

Project CodeNet was announced at IBM’s Think conference this week and claims to be the largest open-source dataset for code (approximately 10 times the size of the closest.)

CodeNet features 500 million lines of code, 14 million examples, and spans 55 programming languages including Python, C++, Java, Go, COBOL, Pascal, and more.

Projects such...

Unity accelerates AI training with the release of synthetic datasets

Real-time 3D content creation platform Unity is releasing synthetic datasets with the aim of accelerating AI training.

The new Unity Computer Vision Datasets contain synthetic data which is generated to meet specific demands. Unity aims to break down the cost barrier typically faced in obtaining high-quality synthetic datasets.

Dr Danny Lange, SVP of Artificial Intelligence & Machine Learning at Unity, said:

“By creating a synthetic version of datasets...

State of ModelOps: 90% expect a dedicated budget within 12 months, 80% say risk-management is a key AI barrier

The first annual State of ModelOps report highlights some interesting trends about the real-world adoption of AI in enterprises.

Independent research firm Corinium Intelligence conducted the study on behalf of ModelOp and aims to summarise the state of model operationalisation today.

Stu Bailey, Co-Founder and Chief Enterprise AI Architect at ModelOp, said:

“As the report shows, enterprises increasingly view ModelOps as the key to ensuring operational...

EU regulation sets fines of €20M or up to 4% of turnover for AI misuse

A leaked draft of EU regulation around the use of AI sets hefty fines of up to €20 million or four percent of global turnover (whichever is greater.)

The regulation (PDF) was first reported by Politico and is expected to be announced next week on April 21st.

In the draft, the legislation’s authors wrote:

“Some of the uses and applications of artificial intelligence may generate risks and cause harm to interests and rights that are protected by Union law....

Featured: AI News’ list of innovative companies to watch in 2021

Companies around the world have ramped up their AI deployments over the past year. As with any emerging technology, AI has brought significant opportunities but also its fair share of challenges.

In this feature, AI News takes a look at some of the most innovative companies leading the way in maximising the opportunities while minimising the challenges of artificial intelligence deployments. In alphabetical order:

Affectiva

Affectiva is an MIT Media Lab spin-off...