How AI will ‘ineluctably change customer dynamics and modus operandi’ of South African firms

AI will ‘ineluctably change the customer dynamics and modus operandi’ of many organisations in South Africa, according to a new report from Accenture and the Gordon Institute of Business Science (GIBS). The study, called ‘Responsible AI’, argues that as capital and labour, the primary traditional factors of production, are declining in their ability to drive economic growth, a new factor is needed. Step forward AI. “There’s no longer any doubt that artificial intelligence has...

Australian businesses noting AI, IoT to help stay competitive

Research firm Telsyte says it has noted a sharp increase in Australian enterprises adopting the latest technologies to stay competitive by creating new products and services – including the Internet of Things (IoT) and artificial intelligence (AI). According to its Telsyte Australian Emerging Enterprise Technology Study 2017, more than 50% of the organisations are in the midst of investigation, planning and roll out of emerging technologies. The firm foresees IoT becoming a critical...

Liulishuo gets $100 million in series C funding to develop existing smart teaching platform

China's leading AI and education company, Liulishuo, has achieved a series C funding of $100 million in a round of funding led by China Media Capital ("CMC") and Wu Capital with participation also coming in from its earlier investors, such as Trustbridge Partners, IDG Capital, GGV Capital, Cherubic Ventures and Hearst Ventures, to enable AI-infused teaching. Liulishuo has a vast data collection of Chinese people speaking English that has led to the company to develop automatic assessment...

IEEE examines prospects of ‘generation AI’ through robot pets and self-driving cars

A new report from the IEEE has shed light on what it calls ‘generation AI’ – those born in 2010 and through 2025 – and their development through the technology. The study, called “Generation AI: A Study of Millennial Parents of Generation Alpha Kids”, finds that 31% of parents would be afraid of their child driving the car alone for the first time as compared to 25% of them who said there was a risk in their child travelling in a self-driving car. Around two thirds (63%) of the...

University of Cambridge bolsters AI research efforts with new partnerships

The Leverhulme Centre for the Future of Intelligence (CFI) is joining a not-for-profit, international coalition, Partnership on AI, which is founded by the likes of Amazon, Apple, Google/DeepMind, Facebook, IBM and Microsoft, according to an announcement from the University of Cambridge. CFI is a collaboration between the Universities of Cambridge and Oxford, Imperial College London and the University of California at Berkeley and is funded by an unprecedented £10 million grant from the...

Why a potential trillion dollar B2B bots industry has a “decade of innovation” to come

From Domino’s Pizza, to Uber, to Bank of America, bots are one of the hottest properties in business tech right now and opening up new avenues. Yet according to Beerud Sheth, CEO of chatbot platform provider Gupshup: “I see a decade’s worth of innovation yet to come.” At Mobile World Congress, Sheth was fielding multiple queries as your reporter sidled up for a chat; something of a revelation given the location was the traditionally relatively sparsely populated Hall 8.1. Yet this...