Mathematical idea reins in AI bias towards unethical, costly commercial choices

Researchers from the University of Warwick, Imperial College London, EPFL (Lausanne) and Sciteb Ltd have found a mathematical means of helping regulators and business manage and police artificial intelligence (AI) systems’ biases towards making unethical, and potentially very costly and damaging commercial choices. This, they say, is keeping an ethical eye on AI.

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Digital Insurance: 5 digital trends shaping the insurance industry

At this point in history, the digital revolution has turned nearly every industry upside-down in one way or another. The disruptions are clearly visible in industries like retail, where the rise of eCommerce has changed everything, and in media, where nearly every outlet has been challenged and disrupted by digitisation, says Mark Broadly, a Journalism Major and Spanish Minor at NYU.

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AI negotiation platform Pactum closes $3mn seed funding

Pactum, an artificial intelligence (AI)-based platform that enables global companies to automate personalised commercial negotiations on a massive scale, today announced the closing of a $3 million (€2 million) seed financing round. This was led by Berlin-based Project A, a venture capital firm focused on innovative start-ups, with investments by DocuSign and other previous Pactum investors.

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Connecterra wins record funding as COVID shows food supply weakness

Breed Reply, a European investor in early-stage Internet of Things (IoT) businesses, has increased its investment in Dutch agritech company, Connecterra. As part of its Series B funding round, Connecterra has secured €7.8 million from existing investors, Breed Reply and Sistema, alongside new investors including AgTech specialists ADM Capital, French food safety enterprise Kersia Group and Dutch impact investor, Pymwymic.

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Kinaxis buys demand planning provider Rubikloud for $60mn

Kinaxis, a specialist in confident decision-making in an unpredictable world, has agreed to acquire Toronto-based Rubikloud for US$60 million (€53 billion). Rubikloud is an emerging provider of artificial intelligence (AI) solutions that automate supply chain prescriptive analytics and decision-making in the retail and consumer packaged goods (CPG) industries. 

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Blend ingenuity and AI-based security to protect from hackers, says report

Crowdsourced security company, Bugcrowd has released its 2020 Inside the Mind of a Hacker report, studying the global hacking community. One of its key findings is that human ingenuity supported by actionable intelligence of the Bugcrowd platform were found to be critical ingredients in maintaining a resilient infrastructure.

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Closer to the edge: How edge computing will drive Industry 4.0

We’ve been in the process of transitioning to Industry 4.0 (aka the fourth industrial revolution) ever since the German government coined the term in 2011. It’s proven to be a long and complex journey, and by 2025, the World Economic Forum has estimated that the worldwide impact of Industry 4.0 will reach UK£2.7 trillion(€2.9 trillion) in value. Report by Nigel Moulton, global CTO, Dell Technologies.

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Intel unveils AI and analytics platform with new processor, memory, storage and FPGAs

Intel has introduced its 3rd generation Xeon Scalable processors and additions to its hardware and software AI portfolio. These are designed to enable customers to accelerate the development and use of artificial intelligence (AI) and analytics workloads running in data centre, network and intelligent-edge environments. 

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Oxford Foundry selects innovations for COVID-19 recovery

The Oxford Foundry has chosen four new innovative solutions it will support on the OXFO COVID-19 Rapid Solutions Builder. The four solutions were chosen by a team of international judges from more than 100 entries after a rigorous selection process – based on their ability to have a real, tangible societal impact, their viability and ability to implement and their potential for rapid growth.

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Has COVID-19 unveiled the 5G use cases everyone is looking for?

The race for 5G has dominated its fair share of telecoms headlines in recent times. Communications service providers (CSPs) worldwide have invested a vast amount on new network infrastructure. The race is now on, says Angela Logothetis, CTO of Amdocs Open Network, to identify the consumer use cases that CSPs can monetise to recoup the expenditure.

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Inventory counts automated with drones by logistics firm

With ‘Continuous Improvement’ as one of its seven core values, Romark Logistics (Romark) has become a innovator in the supply chain and logistics sector since 1954. As a top third-party logistics and cold-chain provider in North America, Romark services food, beverage, pharmaceutical, commodities, and retail customers around the world.

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What COVID-19 has taught us about our communications infrastructure

With quarantine orders now slowly being lifted in many countries, we’ve come to realise that society is indeed very vulnerable to what we believed were the plagues of the past. There’s no guarantee another pandemic won’t materialise, says Ofir Zemer, CEO of Cellwize, and many experts believe that there may yet be another round of coronavirus to contend with. If we’ve been given a respite, we need to take advantage of it to prepare for future untoward events.

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Spend on digital twins to reach $12.7bn by 2021, as solutions offer IoT investment RoI

A new study from Juniper Research has found that total global spend on Digital Twins will reach $12.7 billion (€11.3 billion) by 2021; an increase of 17% from $10.8 billion (€9.6 billion) in 2019. Digital Twins are a digital representation of physical assets that utilise IoT data; enabling use cases such as predictive maintenance when combined with AI.

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