Singularity Pulse  
     
  Finance

AI to Fight Against ICO Scams

Shannon.AI, a Chinese start-up in collaboration with researchers from Stanford, University of California Santa Barbara, and the University of Michigan have released a white paper detailing out a machine learning-based research method that could find out if an initial coin offering (ICO) is a scam or not. They analyzed 2251 ICO projects and correlated life span of an ICO to its price changes. The algorithm was able to find out scam ICO projects with an accuracy of 83%. As per founders, it has two main advantage over human-designed rating systems. First, an algorithm is able to maintain its objectivity at all times. Second, manipulation is difficult as it requires minor human involvement and intervention.

 
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Oracle Launches Artificial Intelligence Apps for CFOs

Oracle is coming up with a new mobile app powered by AI. The target customers are the chief financial officers (CFOs) and other corporate finance professionals of big corporations. Oracle Adaptive Intelligent Applications for ERP aims at enhancing existing solutions via automation. It deploys AI and machine learning’s abilities to improve payables, receivables, procurement and other financially driven processes. It also gives companies consultation on how to mitigate fraud and risk. It also uses robots to automate processes, thus reducing the probabilities of human error.

Finance  
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  Healthcare

AI can spot early stage signs of Alzheimer’s

Dina Katabi and her team at MIT’s Computer Science and Artificial Intelligence Laboratory has developed a device that can monitor people without needing them to put on a wearable tracking device all the time. Patients are unaware of the symptoms of Alzheimer’s during the early stages. The device can monitor a person’s sleep patterns, breathing pattern and location etcetera and help researchers track the symptoms. The wireless radio signal reflects off everything in a 30-foot radius. It captures slightest of movement as soon as there are any changes in the reflected signals. ML algorithms analyze these minute reflections. Over time, device creates large pool of data that show patterns of behavior. It then picks out deviations from those patterns which might be signaling agitation, depression, and sleep disturbances.

 
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AI building affordable houses in less than 24 hours

Homebuilding startup ICON and international non-profit organization New Story have launched a 3D printer that is capable of constructing an entire 650-square-foot model house in a span of merely 12 to 24 hours. The model house has a conventional floor plan with living room, bedroom, bathroom, and a curved porch. While the robot prints the walls, roof and floor, windows, doors and plumbing are later furnished by humans. Currently, a 3D printer house costs about $10,000, but the company claims that with scaling, the cost will come down to $4,000.

Housing
 
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  Information Technology

Google's Deepmind Might Be Able to Rectify Biased AI

Currently there is a growing risk of prejudiced AI, giving biased outcomes. Google’s Deepmind has suggested a better way to design algorithms that won’t discriminate on gender, race, and other “sensitive” attributes. They have recently published a paper titled, “Path-Specific Counterfactual Fairness”. It addresses the subject of “counterfactual fairness” which refers to a known method of decision-making for machines. It suggests that instead of removing an attribute like gender when re-imagining a decision, an algorithm should correct it, by leaving the attribute in its original form (say, female) for the decision pathway.

 
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Software to Clone Voices with Just 3 Seconds of Audio Clip

A new AI algorithm developed by Chinese tech giant Baidu can clone anyone’s voice with just 3.7 seconds of audio clip of that person. Deep Voice, system developed for cloning voices has taken a huge leap of update with its current version. Until last year, it needed around 30 minutes of audio to replicate the same. This is the result of receiving more training samples. It can also change a female voice to male, and a British accent to an American one. Although many researchers and theorists have raised concerns about the program as it is capable of tweaking facts and makes it relatively simple to fabricate anything like a personal conversation, an interview, or an entire press conference.

Information & Technology  
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  Accounting

Artificial Intelligence to Help Accountants Meet Clients’ Demands

A research carried out by company Sage on 3000+ accountants reveal that their customers are expecting more than just accounting services from them. This includes consultancy and advice. As a result, accountants have turned to AI to do repetitive tasks like crunching, data entry and diary management. Kriti Sharma, vice-president of AI at Sage said, “For example, accountants will be able to scale their operations by using AI to review millions of transactions that would have traditionally taken hours to do manually – spotting anomalies and making recommendations.”

 
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Microsoft AI Translates Chinese To English Comparable to Human Translations

Microsoft researchers have created an AI powered machine system that can translate sentences of news articles from Chinese to English with the same quality and accuracy as of humans. Their system achieved human parity on a commonly-used test set of news stories. The team used “dual-learning method”. Every time a sentence is sent to be translated from Chinese to English, the research team also translated it back from English to Chinese. According to Arul Menezes, Research Manager, the aim is to prove that its systems could perform about as well as a person when it used a language pair like Chinese to English for which there is abundance of data. External bilingual human evaluators were hired to compare Microsoft's results to two independently produced human reference translations.

Information & Technology  
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  Miscellaneous

AI Powered Robot to Cook Burgers

Flippy, an AI powered robot is being deployed in a restaurant in Pasadena which can cook burgers on its own. It is created by Miso Robotics and uses thermal vision, 3D and computer vision with machine learning algorithms to cook and flip the burgers. The algorithm was fed data about kitchen equipment, grill temperature and ideal cooking temperature for burgers. This eliminates the issue of overcooking or undercooking and gives a standard, recognizable taste each time. The robot is also able to clean the utensils post-cooking. Food industry is bound to improve their margins out of it as it will save the time and money needed to train chefs.

 
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Windows Next Major Update Will Include Windows ML

Microsoft has unveiled a new AI platform, Windows ML, for developers as of now. It will enable all developers that create apps on Windows 10 to leverage existing pre-trained machine learning models in apps. Consequently, more powerful apps can be created for consumers using Windows 10. Developers will be able to speed up real-time analysis of local data like images or video, improving background tasks like indexing files for quick search inside apps. The company is planning to roll out their new services to customers in the next major update of Windows 10.

Information & Technology  
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  Non-Renewable Energy

Artificial Intelligence to Check Electricity Theft

Tata Power Delhi Distribution (TPDDL) has launched a new AI based solution named “Choice Revenue Intelligence solution” in collaboration with SAP Technologies that will detect and check the theft of electricity across its distribution network. The new system will gather data from smart meters and apply AI techniques to detect theft. It is made available on cloud platform on ‘Software as a Service’ (SaaS) model and can be implemented on the utility’s existing billing system.

 
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Artificial Intelligence to Keep Farms Pest Free

Computer vision specialist Blue River Technology has developed a solution that will help farmers with pesticides treatment of their crops. It uses advanced machine learning algorithms which enable robots to make decisions about whether or not a plant is a pest. The decision is based on visual data. It then delivers an accurate, measured blast of chemical pesticides on the unwanted crop. As the algorithm checks each plant rather than an entire field, efficiency is bound to go up by multiple folds. John Deere, farm equipment and services giant, has already acquired the company as it foresees tremendous potential in the technology.

Agriculture  
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