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[hedgehog 100] 11/5/2021 16:05

11/05/2021 07:00 UKREG OTAQ PLC Investment in AI Business Blue Lion Labs Ltd

Equity Investment in AI Technology Business

Blue Lion Labs Ltd

OTAQ, the marine technology products and solutions group for the global aquaculture and offshore oil and gas industries, is pleased to announce a $300,000 equity investment (the "Investment") in Blue Lion Labs Ltd ("Blue Lion"), a Canadian data management and software company developing solutions to multiple water-quality challenges, including real time monitoring of harmful organisms in water to deliver more sustainable food sources. Following completion of the Investment, OTAQ will hold a beneficial interest in approximately 10.0% of Blue Lion's issued ordinary share capital.

In addition, the companies have signed cooperation and licensing agreements which will ultimately allow OTAQ to incorporate Blue Lion's specialty in artificial intelligence technology ("AI") to analyse plankton monitoring data at fish farms. Importantly this will build on and accelerate the development of the Company's own p lankton/algae bloom early detection system, with a view to achieving commercialisation within the next 18 months. As part of the agreement, OTAQ's CEO, Phil Newby, will take a seat on the board of Blue Lion and will help to support its growth.

It is estimated that the global aquaculture industry suffers $3.4 billion in damage and losses annually due to harmful organisms. The collaboration is focused on addressing this in the Company's target markets by creating a solution that will combine OTAQ's hardware expertise and Blue Lion's software expertise to identify harmful levels of phytoplankton by providing real-time information to finfish farmers to allow them to improve welfare and reduce losses.

Blue Lion was established in 2018 by Dr. Jason Deglint and Dr. Katie Thomas, two PhD alumni from the University of Waterloo, Ontario, Canada, with expertise in machine learning and AI, and aquatic biology, respectively. Blue Lion already has the support of incubator and mentorship programmes including Hatch, the Ocean Startup Challenge and NEXT Canada.

OTAQ remains focused on creating a portfolio of products to improve management, efficiency and output as it builds on established relationships within the global aquaculture sector.

Phil Newby, Chief Executive at OTAQ, commented: "We are delighted to be collaborating with Blue Lion. They have an established AI platform and deep experience of its application in this important area that further enhances our ability to deliver a rounded product ahead of schedule. They are a dynamic team and we very much look forward to working together on innovative projects which will add vital new management tools for our clients to improve the welfare and productivity of their stock."

Dr. Jason Deglint, CEO at Blue Lion, added: "The team at Blue Lion Labs is very excited to partner with OTAQ. This Investment and collaboration helps us in executing on our mission to develop innovative solutions to global water-quality issues. Combining our AI technology with OTAQ's hardware platform and distribution infrastructure will provide both companies with an accelerated path to market."

[sarkasm] 15/12/2020 09:53

Tuesday 15 December 2020 9:28 amCFA Institute Talk
Artificial intelligence: people – not robots – are in the driving seat
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These are articles written by professionals for investment professionals. They are contributions from external subject matter experts who do not work for CFA Institute, but may be a CFA charterholder as well as a member of a CFA Society. All are experts in their field and strive to deliver useful insights that help investment professionals make better decisions.

Like it or not, artificial intelligence (AI) is already part of our daily lives. From smartphones to Alexa virtual assistants, AI and its applications are accepted norms today.
While we appreciate that AI can automate repetitive workplace tasks or even drive a car, its implications are much further reaching.

Luminaries including Elon Musk and Bill Gates have spoken out about the potential downsides of AI. At times, they have even issued warnings. Gates compared AI to nuclear energy — simultaneously dangerous and full of possibility.

Of course, these visionaries appreciate AI’s potential. Musk was among the founders of OpenAI, a research laboratory dedicated to ensuring that AI serves all of humanity — funded in tandem with Gates.

While Musk and Gates have focused on how to best harness AI’s power, Andrew Yang has looked to cushioning its toll on workers: during his run for the 2020 Democratic presidential nomination, he pitched the idea of a universal basic income (UBI) for all to help offset AI-driven automation’s impact on the labour force.

The message is clear: now that AI applications have been developed, companies and governments — and investment professionals — must stay ahead of the curve of the AI revolution.
Need to tread carefully

What makes AI so powerful is its ability to go beyond making inferences to making predictions — and even decisions — by learning.

For most of us, AI is just a modern convenience: it feeds us adverts for snow boots in our weather app just as a winter storm is predicted, for example. AI can also answer our seemingly mundane questions. What’s the weather like? Yet these mundane questions may have more serious implications: they can be used to generate patterns in the underlying system and collect data about our lives.

Without the proper guardrails, AI can create unneeded and biased outputs. That means ethical and optimisation criteria must be at the core of all effectively constructed AI systems. For example, an AI tool applied to college admissions, job applications or loan approvals must be designed and trained not to prioritise physical features or other irrelevant and potentially discriminatory characteristics.

AI can be just as susceptible to bias as its human programmers. That’s why we need to better understand the underlying algorithms and the data that feed them.

The Silicon Valley mantra ‘move fast and break things’ is no longer prudent. We must carefully consider whether to apply AI to a particular technology and decide on a case-by-case basis when AI can improve a process or needs additional tweaking, or whether relying on human judgment is best.

AI-related ethical issues need to be addressed in accessible ways that the public can understand. Only then can we chart the path forward. We must also recognise what we don’t know and ensure that decision makers who ‘trust’ AI know the risks. Being wrong about a customer’s classification is very different from being wrong about a person’s health.

AI expands and enhances what we can do with our computers and we must make sure it remains under our control. AI’s capacity for faster and faster computations combined with the decision-making power it can delegate to systems based on those computations can pose a threat.

That’s why we have to understand the processes behind the technology and have a say in where and how AI is applied. Indeed, systems can be tricked into ‘thinking’ something false is actually true. For example, an artist pulled a wagon loaded with 99 mobile phones through the streets of Berlin. This fooled Google Maps into broadcasting a traffic jam in what were, in fact, empty streets.
Ethical questions on employment impact

One of the biggest ethical questions AI evokes relates to its potential impact on employment. What will happen to those workers whose jobs AI automates out of existence? This is not a new dilemma. Automation in the workplace has been a catalyst for economic change and political upheaval throughout history.

In recent generations, factory workers have been especially vulnerable to the disruption created by new technology. Today new categories of workers are casting a wary eye on AI. Junior journalists are now competing with AI-driven machines that write formulaic articles about sports results. And marketers are watching as AI takes on some of the more data-driven elements of their job, freeing them up – at least in theory – to do more creative work.

The current automation revolution is different from its predecessors. Machines can now perform tasks that were previously thought to require human involvement. Computers can now make decisions on their own even if they don’t know they are making them. Previous industrial revolutions made human labour more efficient. In today’s industrial revolution, AI is bypassing the human element altogether.

AI has the potential to affect every job on the planet, from factory worker, to investment adviser, and we must decide whether increased efficiency and profits are worth the costs in lost jobs.
Automation for the people?

But ultimately, humans design these machines. We make them and we feed them the data. This means that we are still in the driver’s seat. We will decide which AI systems to develop and how.

True progress is not determined by how far technology goes, but by how well we comprehend it and how well it contributes to solving the world’s greatest problems. Although we must always be mindful of AI’s potential liabilities, this evolving science can empower not only individuals and companies but also society.

The key to harnessing this latent power is ongoing education paired with intelligent discussion and decision-making around AI’s inherent ethical dilemmas. Only then can we effectively guide AI’s development and ensure its beneficial adoption by society at large.

If you liked this post, don’t forget to subscribe to the Enterprising Investor.

By Sameer S. Somal, CFA and Pablo A. Ruz Salmones

All posts are the opinion of the author. As such, they should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute or the author’s employer.

[sarkasm] 14/12/2020 08:42

Orange : confirms its commitment to inclusive artificial intelligence
12/09/2020 | 05:09pm GMT


Orange has been the first company to be awarded the international GEEIS-AI label¹, a certification set up by the Arborus Endowment Fund. This label shows the Group's commitment to designing and developing artificial intelligence in a responsible and inclusive manner.
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At a time when artificial intelligence algorithms are increasingly prevalent in our everyday lives (recruitment, customer relations, recommending content, banking and insurance, etc.), it is vital for Orange to ensure that the entire data value chain is managed responsibly and that potential discriminatory biases are identified and eliminated.

The audit, carried out by Bureau Veritas, assessed Orange for its actions aimed at designing, developing and using inclusive artificial intelligence to promote diversity and avoid risks of discrimination before awarding the certification.

The GEEIS-AI repository offers a way to raise awareness among the entire AI production chain, from design to operating the end product. In this way, a wide range of job lines and skills are at the service of the entire Orange ecosystem. This applies, in particular, to human resource management processes to guarantee they are not biased while encouraging diversity in AI job lines.

Elizabeth Tchoungui, Director of CSR, Diversity and Solidarity for Orange, declared: 'Orange is fully committed to contributing to the development of a society in which trust is a core value. We therefore stand by a responsible and inclusive vision for digital technology, to move towards a more open, fair and egalitarian society. Obtaining the GEEIS-AI label is part of this commitment for Orange.'

Obtaining the label also shows Orange's commitment to digital equality and represents a further step in this direction after signing the International Charter for Inclusive AI. This Charter was launched on 21 April 2020 and aims to provide a point of reference for all companies committed to diversity and inclusion.

¹GEEIS : Gender Equality European & International Standard - Artificial Intelligence
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09/12/202017:48 CET

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Orange SA published this content on 09 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 December 2020 17:08:02 UTC

[waldron] 11/10/2020 07:26

Is This The World’s First ‘’Intelligent’’ Car Battery?
By MINING.com - Oct 10, 2020, 10:00 AM CDT
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Slovakia’s InoBat Auto has unveiled what it claims is the world’s first “intelligent” electric vehicle battery, said to beat competitors’ with a higher energy density and an increase in operational range of 20%.

The company’s Gen1 lithium battery, ready after just a year of research and development, combines Artificial Intelligence (AI) and High Throughput (HTP) technology. It also contains less cobalt than batteries currently available in the market, InoBat’s co-founder and CEO, Marian Bocek, said in a statement.

The company, backed by a consortium of investors and technology companies, will begin producing the battery next year at its AI-driven battery research centre and production line in Voderady, Slovakia.

InoBat is also advancing plans to build a EUR 1 billion ($1.2bn) 10 GWh Gigafactory, which would have the potential to generate 240,000 intelligent batteries in 2025.

Both facilities will be strategically located only 40 km from the capital, Bratislava, and in close proximity to nine major automakers, including Peugeot, KIA and Jaguar Land Rover.

Global vehicle makers are preparing to launch hundreds of new electric car models over the next few years, responding to pressure from regulators who continue to tighten restrictions on greenhouse gas emissions from vehicles.

The European auto industry, in particular, is rushing to meet tighter carbon-dioxide emissions targets that take effect next year or face billions of dollars in fine if they exceed them.

By Mining.com

Oilprice.com:

[maywillow] 05/10/2020 11:13

Renewable Energy Supplier To Create 1,000 Jobs

By Dave Higgens - Oct 5, 2020

PM Boris Johnson welcomed the announcement from Octopus Energy.

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Sustainable power firm Octopus Energy has said it wants to make the UK the “Silicon Valley of energy” as it announced 1,000 new jobs across England.

Octopus’s announcement on Monday was welcomed by Prime Minister Boris Johnson who said it will create “exciting opportunities across the country for those who want to be at the cutting edge of the global green revolution”.

The plan includes a new technology, data science and artificial intelligence centre in Manchester, the firm said.

It said the new jobs will be at its sites in London, Brighton, Warwick and Leicester and will primarily go to science and engineering graduates.



The Prime Minister said: “These 1,000 jobs will provide exciting opportunities across the country for those who want to be at the cutting edge of the global green revolution.

“And it’s UK tech companies like Octopus who will ensure we continue to build back greener and remain a world leader in pioneering renewable energy, leading the path to net zero whilst creating thousands of skilled jobs.”

Chancellor Rishi Sunak said: “More green jobs is not only good news for British job seekers – it’s a vote of confidence in the UK economy as it recovers, and pivotal to our collective efforts to build a greener, cleaner planet.”

Octopus, which specialises in providing energy using renewable sources, was founded in 2016 and its domestic energy arm has 1.7 million customers.

In April, Octopus Energy Group became a UK tech unicorn, which means it was valued at over £1 billion, following an investment from leading Australian energy company Origin Energy.

The company said it plans to double its existing workforce by the end of 2021 and said the new Manchester-based technology centre will develop the “smart grid technologies required for a renewable system and the electrification of transport and heating”.

Chief executive Greg Jackson said: “When Apple created the App Store, nobody knew that it would change the way we order food or transport forever.

“Through ‘Kraken’, our cloud-based energy platform, we’re revolutionising the energy industry in the same way, creating jobs not just through increased demand for affordable renewables, but by facilitating the development of new and emerging industries like electric vehicles, electric heating and vertical farming.

“Our technology is making the UK the Silicon Valley of energy, and along with a flourishing market, can help make Britain the best place to invest in creating new clean electricity generation”

[hazl] 29/9/2020 07:52

MIT Technology Review
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13h
"As much as I think that AI is the technology of the future, unless we figure out how to trust it, we will not see it moving forward," says the winner of a new $1 million artificial intelligence prize.

[florenceorbis] 15/9/2020 11:09

OLD NEWS FWIW




But some say the new measures are unlikely to be enough.

"In terms of artifical intelligence, France has a few strengths but immense weaknesses compared to the US and China," said Laurent Alexandre, an expert in artificial intelligence.

"They are miles ahead of us."

(FRANCE 24 with AFP)

[waldron] 29/7/2020 22:11

telecoms.com



Google Cloud and Orange come together for edgy partnership
Jamie Davies

Written by Jamie Davies 1 day ago

Google Cloud and Orange are the latest telco-cloud duo to announce a partnership focused on capitalising on edge computing enthusiasm.

With Orange bringing smarts on how to deliver connectivity solutions in a multi-national environment, while Google comes armed with expertise in cloud, AI and digital transformation, this is another example of the two segments collaborating to find new fortunes on the edge of networks.

“Orange is a pioneer of digital transformation and is pleased to partner with Google to accelerate its data and AI transformation and continue towards a better service for its customers,” said Stephane Ricard, CEO of Orange. “Google has been a long-term partner of Orange and, as Google is eager to invest in Europe – and especially in France – to develop new data centres, this is the perfect time to work on new services and opportunities in French and European markets.”

“The strength of Orange’s network, combined with Google Cloud’s platform, will help pave the way for new advanced cloud and edge computing services for the telecommunications industry in Europe,” said Sundar Pichai, CEO of Google. “We look forward to working together with Orange to bring new services and applications to customers and businesses alike, while also continuing to grow our support for European enterprises in their digital transformation journeys.”

With AI being one of the main pillars for Orange’s Engage 2025 strategy, it should hardly come as a surprise it has linked up with one of the cloud giants, though Google Cloud is an interesting choice. Each of the major cloud players are attempting to bolster their telco capabilities, though Google seems to be making very healthy progress.

Through this agreement, the pair will build a next-generation data analytics and machine-learning platform, as well as integrating the AI capabilities of Google to improve Orange’s cybersecurity efforts. But looking at the edge, the duo plan to build an Innovation Lab and a Centre of Excellence for the creation of new products and services.

[la forge] 27/7/2020 10:14

AI for retail experience

27th July 2020

The retail sector has seen the impact of Covid-19 with footfall plunging during the spring 2020 lockdown; but the pandemic has provided the opportunity for AI to update the retail experience. This emerged from a panel discussion on Covid-19 technology recovery in retail, hosted by the business body Resilience First with Intel.

Rebuilding public confidence is key to seeing a return of shoppers to the High Street post-lockdown and safety concerns will drive rapid adoption of new technology by business and acceptance of the new shopping experience by customers. AI can meet the challenge of social distancing and infection control whilst providing an immersive customer experience, the websinar heard.

David Allinson, Centre Director of Manchester’s Arndale Centre (pictured), said: “Post-lockdown there are significant challenges to the customer experience, which include travel difficulties, lack of personal interaction with sales staff and closed fitting rooms. Shopping has become functional rather than social, with less time but more money spent in store per visit than is usual.”

“A balance needs to be struck for the future on virtual versus physical interaction with further merging of physical and online retail. Shopper behaviour has changed and needs to be fully understood in order to redesign the shop floor to meet new requirements and expectations long-term.”

Remus Pop, Co-Founder and COO, Neurolabs, an object recognition software company, said: “We have seen a huge demand in the hospitality and grocery sectors to digitalise and automate the checkout process. We can use AI powered food recognition technology to meet this demand. One solution identifies food items on a tray using object recognition technology allowing the payment process to be completed without any human cashier interaction. A second solution monitors on-shelf availability in grocery stores and sends information to the back office to ensure that shelves remain full.”

Jaume Portell, CEO and Co-Founder, Beabloo, a digital signage and analytics company said: “We can use AI technology with thermal sensing at the entrance and monitoring of customer density and face mask wearing inside the store. We can detect face masks and display a message to wear a mask if the customer is not wearing one, which avoids personal conflict with the customer.”

“Using video cameras to monitor customers and digital signage to signal safety we can make stores smarter to return customer emotional interaction and confidence. Now is the right time to introduce this technology because customers will understand why we are doing it.”

And Sam Ihsan, COO at Sodaclick, a cloud-based graphics app, said: “One of the big problems we are trying to solve is touch, with health concerns around disinfection of customer touch kiosks. At the same time, we need to create a more intuitive and immersive customer experience.

“The solution is digital signage content platforms using speech recognition and speech synthesis with a personalised voice assistant that will allow the customer to ask questions around products and special offers. The impact of Covid19 in the retail sector will lead to a quicker adoption rate for new technology by retail outlets and quicker acceptance by customers of their new experience.”

David Dobson, Industry Director Retail Hospitality & Consumer Goods at Intel, said: “At Intel we believe that Covid-19 has accelerated the digital transformation that was happening in retail as shown by the huge growth in online sales and the push towards frictionless and experiential shopping.”

“As shoppers start to return to the high street and shopping centres around the UK the number one priority for business is providing a safe environment for both their employers and their customers. In the webinar we have three great examples of Intel partners who are providing solutions that show how technology can help support this new way of working.”

[sarkasm] 26/7/2020 10:30

Cheers walter

now i wonder if i will still be around

unless i become a robo poster

[walter walcarpets] 26/7/2020 09:45

The exponential power of technology, AI and quantum computing ant it's massively deflationary effects are beautifully explained by Jeff Booth in his book, The Price of Tomorrow. Highly recommended if you want to know where the world is heading in the next 10-15 years. Of course much of it depends on how governments react to the deflationary environment. So far, it's not looking too good!

[sarkasm] 26/7/2020 08:19

thanks hazl

have a super day

FWIW

Walders has another thread called EFIT

All about gadgets

[hazl] 26/7/2020 07:42

satkasm its under life style gadgets

[sarkasm] 26/7/2020 07:27

shame page not found hazl