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Archivo del Autor: Belen De Leon

Here are the experts who will help shape Europe’s AI policy

The European Commission has announced the names of 52 experts from across industry, business and civil society who it has appointed to a new High Level Group on AI which will feed its strategy and policymaking around artificial intelligence.

In April the EU’s executive body outlined its approach to AI technology, setting out measures intended to increase public and private investment; prepare for socio-economic changes; and ensure an appropriate ethical and legal framework.

The High Level Group is a key part of the Commission’s AI strategy as the experts will feed its policymaking here by making detailed recommendations on ethical, legal and societal issues.

The EC put out a call for experts for this “broad multi-stakeholder forum” back in March.

The group announced today is comprised of 30 men and 22 women, and includes industry representatives from AXA, Bayer, Bosch, BMW, Element AI, Google, IBM, Nokia Bell Labs, Orange, Santander, SAP, Sigfox, STMicroelectronics, Telenor and Zalando.

Google is represented by Jakob Uszkoreit, an AI Researcher in the Google Brain team.

Also in the group: Jaan Tallinn, a founding engineer of Skype and Kazaa, and a former investor in and director of the Google-acquired AI company DeepMind.

European civil society bodies represented in the forum include consumer rights group BEUC; digital rights group Access Now; algorithmic transparency advocacy group AlgorithmWatch; the EESC civil society association; the ETUC which advocates for workers rights and well being; and Austrian association that supports the blind and visually impaired.

The list also includes representatives from several technology associations, along with political advisers and policy wonks, and academics and legal experts of various stripes.

The full list is here.

Towards a comprehensive AI strategy

Back in April the Commission said it hoped to be able to announce a “coordinated plan on AI” by the end of the year — after saying, in March, that a “comprehensive European strategy on AI” was on the way “in the coming months”.

“As any technology that has a direct impact on people’s lives and work, the emergence of AI also raises legitimate concerns that should be addressed to build trust and raise awareness,” it wrote then. “Given the broad impact AI is expected to have, the full participation of all actors including businesses, academics, policy makers, consumer organisations, trade unions, and other representatives of the civil society is essential.”

The multi-stakeholder forum is also intended to serve as the steering group for the work of another, even broader multi-stakeholder forum — also announced in April, and called the European AI Alliance — which the Commission said will include an online platform to allow for anyone who wants to participate to sign up and join in the discussion.

So the High Level Group is basically an AI expert talking shop intended to support this more public AI talking shop — to try to achieve some kind of pan-EU consensus on how to respond to the myriad socio-economic and ethical challenges that flow from the increasingly use and capabilities of autonomous technologies.

In terms of specific tasks for the group, the Commission says it will be tasked to:

  • advise it on next steps addressing “AI-related mid to long-term challenges and opportunities”, feeding policy development, legislative evaluation and next-gen digital strategy;
  • propose draft AI ethics guidelines — covering issues such as “fairness, safety, transparency, the future of work, democracy and more broadly the impact on the application of the Charter of Fundamental Rights, including privacy and personal data protection, dignity, consumer protection and non-discrimination”;
  • and help with “further engagement and outreach mechanisms to interact with a broader set of stakeholders in the context of the AI Alliance, share information and gather their input on the group’s and the Commission’s work”


Source: TechCrunch

Report claims late 2017 cryptocurrency spike was artificially inflated by Tether

A new report stemming from the University of Texas at Austin claims that the big surge in cryptocurrency values during 2017 was artificially created using a digital currency called Tether. The report focuses on Bitfinex.

The post Report claims late 2017 cryptocurrency spike was artificially inflated by Tether appeared first on Digital Trends.


Source: Digital trends

A War Over Bike Shares Is Shaking Up Seattle

Residents are divided over whether the city’s dockless bike share program is revolutionizing transit—or creating an unwieldy, dangerous mess.
Source: Wired

Can PJs and Sound Sleep Lead to a World Cup Victory?

Under Armour equipped a Swiss star with ceramic bedsheets and sleep monitors to boost his performance
Source: Wired

Why Intel’s monopoly could soon end (and you should be stoked)

When’s the last time you saw a laptop without an Intel chip in it? The company’s near-monopoly status has made it difficult for new players to gain a foothold, but that may soon change.

The post Why Intel’s monopoly could soon end (and you should be stoked) appeared first on Digital Trends.


Source: Digital trends

After botched IPO, Asian streaming startup M17 gets a $35M lifeline from investors

Asian tech company M17, which operates a live-streaming platform and data app business, has confirmed that it has canceled its proposed U.S. public listing and raised private funding to keep its business alive.

The Taiwan-based company dramatically halted its NYSE listing last Friday despite pricing its IPO, and now it has clarified the situation. Well, sort of. In an announcement, the company said it had run into “settlement issues” related the listing which is why it was called off.

That’s fairly vague, but a little more color came from founder (and rapper) Jeffrey Huang, who lashed out at investment banks Citigroup and Deutsche Bank in a Facebook post (below), as noted by Bloomberg.

A spokesperson representing the company declined to comment further.

Rather than going public, M17 will remain private. The IPO was set to raise around $60 million — having been scaled down from an original target of $115 million — but now M17 has taken a $35 million injection from existing backers that include Infinity Venture Partners, Majuven, Convergence and Global Grand Capital.

The listing looked rocky from the start when M17 failed to hit that $115 million goal, while the shares were priced at $8, below the forecast range of $10-$12.

Investors weren’t taken by the business, it seems, which is primarily live-streaming services for registered artists in markets included Taiwan and Japan. It monetizes by selling virtual gifts to viewers who in turn give them to streaming artists. The company also operates dating services courtesy of M17’s merger deal with Singapore-based Paktor last year, but that accounts for under 10 percent of revenue.

TechCrunch Danny Crichton explained the situation last week when the IPO was halted, but M17’s surging revenue — which grew 3.2X year-on-year — was offset by significant losses — a negative $24.8 million in the first three months of this year — and stagnant active user growth. Alarmingly, the company had limited runway with just $31.4 million in cash and cash equivalents left on its books.

M17 had developed ways to monetize its user base more efficiently, but with some quirks. For example, its top 10 users represent 12 percent of all revenue on the platform — to the tune of $447,220 per user in the first three months of 2018 — while more broadly its top 500 users were responsible for the majority of total revenue. On the artist side, the top 100 streamers picked up over one-third of total income, too.

Finally, there may have been unease at the voting structure. Under a dual-class stock system, CEO Joseph Phua would maintain 56 percent of the voting rights with Class B shares voting at a 20:1 ratio against Class A shares.

The fresh cash injection will keep the business running a little longer, M17 will need to quickly figure out a Plan B to remain out of trouble.


Source: TechCrunch

AssistENT offers an anti-snoring device you stick in your nose

If you sleep next to someone who snores you know that the endless horking and honking isn’t very fun… and it makes the snorer’s life even worse. Some students and doctors in Baltimore, Maryland, however, have created something that acts like an internal breathing strip to help you breathe better and snore less.

Called assistENT, the company uses small, reusable rings that fit into the nostril and open the septum. You insert and remove them yourself with a little pair of forceps and they can survive sneezing and, one would assume, a good, hard midnight snoooorrrrrk. Patrick Byrne and Clayton Andrews created the product and it recently won the $10,000 “Use it!” Lemelson-MIT Student Prize for best product. Other members of the team include Melissa Austin, Talia Kirschbaum, Harrison Nguyen, Theo Lee, and Eric Cao.

The team will be running a Kickstarter soon and is looking into a seed round for manufacture. The product, called N-Stent, costs 15 cents to make and will sell for about $4 a pair.

“The design is inspired by the typical cartilage grafts used in functional rhinoplasty to improve nasal breathing. In essence, the device is a tapered silicone stent consisting of two flexible beams bridging two soft pads whose shape closely follows the complex internal nasal anatomy,” said Byrne. “When deployed, one pad grips the nasal septum and the other presses against the lateral nasal wall to dilate the passage and stent it open. This dilation force comes from the two flexible beams, which bend to provide a gentle spring force while forming a lumen to accommodate airflow.”

The product fits into the nasal vestibule and to get it in and out you can either use the simple applicator or just stick it up there with your finger.

The team is excited about the possibilities, especially since this can help people without forcing them to get surgery.

“Although the mechanism for reversing nasal obstruction is straightforward, there is no viable alternative to surgery for those who struggle with nasal breathing throughout the day. Breathe Right strips lead this nighttime nasal dilator market with annual revenues of $145M, amounting to an 80% market share. However, experts estimate a $250M market opportunity for less-invasive nasal obstruction treatment,” said Byrne.

“We have heard stories from dozens who have had surgery to correct nasal obstruction – with limited success and great expense – and hundreds who are reluctant to undergo surgery in the first place and feel they have no alternative for breathing better throughout the day, at night, or during exercise. This invention has potential to radically change the standard of care for nasal obstruction and provide a convenient, sensible solution to this widespread problem,” he said.

Look for this anti-snort-hork-honnnnnking device in the next few months.


Source: TechCrunch

IP platform PatSnap picks up $38M from Sequoia and Xiaomi founder’s fund

PatSnap, a Euro-Asian company that offers a patent and R&D platform and services, has pulled in a $38 million Series D funding round led by existing investors Sequoia and Shunwei Capital, the investment firm founded by Xiaomi co-founder and CEO Lei Jun. Southeast Asia’s Qualgro also took part.

All three backed the company in 2016 when it led an undisclosed Series C round. While PatSnap didn’t give a figure for that previous round, it is saying this time around that it has raised over $100 million to date. Doing some quick via math via figures on Crunchbase suggests that the Series C was something in the region of $50 million.

PatSnap was founded in 2007 and it is based out of the UK and Singapore, with locations in China and the U.S.. The company started out as essentially a directory for IP, helping companies — and particularly enterprises — pull in data for R&D and product development purposes.

The company claims 8,000 clients worldwide, with the U.S. its largest market for revenue. PatSnap said that in China, its second-largest market and a major focus for the firm, it said it has more than 4,500 clients. In addition to its core service, it is focused on going beyond a data repository to offer services for enterprises that help manage internal product development and other R&D initiatives.

“Patent data let us kick down the door and earn respect, but now we’re looking at completely different products,” Ray Chohan, SVP of corporate strategy at PatSnap told TechCrunch in an interview. “We are working on new products for R&D with a long-term view of becoming the software stack for R&D teams.”

That’s exactly how this new capital will be put to work, Tiong said. Related to that, the company plans to open an office in Toronto, Canada, for development. Already, the company has 700 staff across a range of offices that include London (commercial), China (product), Singapore (machine learning) and LA (go to market).

Series D is a fairly advanced stage for a startup in Southeast Asia (and London) and exits are something that the tech industry is giving more thought to given the growth of the ecosystem, and events such as Sea’s U.S. listing last year. Despite that, Chohan — who founded the company’s London-based office — said that he’s not thinking too hard about the future for now.

“Our obsession is our employees, customers and building great products, if we can do that then the byproduct of a liquidity event will happen by itself,” he explained.

Chohan added that PatSnap is “well funded” and on course to become profitable over the next two to three years.


Source: TechCrunch

Samsung wants to be using 100 percent renewable energy by 2020 – CNET

It aims to go completely green in office buildings, factories and operational facilities across the US, Europe and China.
Source: CNET

Train ticket dated 1,000 years in the future earns rail company fine – CNET

For “mental harassment” to the 73-year-old kicked off a train for having the ticket.
Source: CNET

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