UK and South Korea to co-host AI Seoul Summit

The UK and South Korea are set to co-host the AI Seoul Summit on the 21st and 22nd of May. This summit aims to pave the way for the safe development of AI technologies, drawing on the cooperative framework laid down by the Bletchley Declaration.

The two-day event will feature a virtual leaders' session, co-chaired by British Prime Minister Rishi Sunak and South Korean President Yoon Suk Yeol, and a subsequent in-person meeting among Digital Ministers. UK Technology Secretary...

ML Olympiad returns with over 20 challenges

The popular ML Olympiad is back for its third round with over 20 community-hosted machine learning competitions on Kaggle.

The ML Olympiad – organised by groups including ML GDE, TFUG, and other ML communities – aims to provide developers with hands-on opportunities to learn and practice machine learning skills by tackling real-world challenges.

Over the previous two rounds, an impressive 605 teams participated across 32 competitions, generating 105 discussions and...

Large language models could ‘revolutionise the finance sector within two years’

Large Language Models (LLMs) have the potential to improve efficiency and safety in the finance sector by detecting fraud, generating financial insights and automating customer service, according to research by The Alan Turing Institute.

Because LLMs have an ability to analyse large amounts of data quickly and generate coherent text, there is growing understanding of the potential to improve services across a range of sectors including healthcare, law, education and in financial...

Stanhope raises £2.3m for AI that teaches machines to ‘make human-like decisions’

A pile of Sterling notes.

Stanhope AI – a company applying decades of neuroscience research to teach machines how to make human-like decisions in the real world – has raised £2.3m in seed funding led by the UCL Technology Fund.

Creator Fund also participated, along with, MMC Ventures, Moonfire Ventures and Rockmount Capital and leading angel investors. 

Stanhope AI was founded as a spinout from University College London, supported by UCL Business, by three of the most eminent names in...

EU approves controversial AI Act to mixed reactions

The European Parliament today approved the AI Act, the first ever regulatory framework governing the use of AI systems. The legislation passed with an overwhelming majority of 523 votes in favour, 46 against and 49 abstentions.

"This is a historic day," said Italian lawmaker Brando Benifei, co-lead on the AI Act. "We have the first regulation in the world which puts a clear path for safe and human-centric development of AI."

The AI Act will categorise AI systems into...

Hugging Face is launching an open robotics project

Hugging Face, the startup behind the popular open source machine learning codebase and ChatGPT rival Hugging Chat, is venturing into new territory with the launch of an open robotics project.

The ambitious expansion was announced by former Tesla staff scientist Remi Cadene in a post on X:

https://twitter.com/RemiCadene/status/1765715921388056904

In keeping with Hugging Face's ethos of open source, Cadene stated the robot project would be "open-source, not as in Open...

AIs in India will need government permission before launching

In an advisory issued by India’s Ministry of Electronics and Information Technology (MeitY) last Friday, it was declared that any AI technology still in development must acquire explicit government permission before being released to the public.

Developers will also only be able to deploy these technologies after labelling the potential fallibility or unreliability of the output generated.

Furthermore, the document outlines plans for implementing a "consent popup"...

OpenAI: Copyrighted data ‘impossible’ to avoid for AI training

OpenAI made waves this week with its bold assertion to a UK parliamentary committee that it would be "impossible" to develop today's leading AI systems without using vast amounts of copyrighted data.

The company argued that advanced AI tools like ChatGPT require such broad training that adhering to copyright law would be utterly unworkable.

In written testimony, OpenAI stated that between expansive copyright laws and the ubiquity of protected online content, "virtually...

AI & Big Data Expo: Ethical AI integration and future trends

Grace Zheng, Data Analyst at Canon and Founder of Kosh Duo, recently sat down for an interview with AI News during AI & Big Data Expo Global to discuss integrating AI ethically as well as provide her insights around future trends. 

Zheng first explained how over a decade working in digital marketing and e-commerce sparked her interest more recently in data analytics and artificial intelligence as machine learning has become hugely popular.

At Canon, Zheng’s team...

AI & Big Data Expo: Unlocking the potential of AI on edge devices

In an interview at AI & Big Data Expo, Alessandro Grande, Head of Product at Edge Impulse, discussed issues around developing machine learning models for resource-constrained edge devices and how to overcome them.

During the discussion, Grande provided insightful perspectives on the current challenges, how Edge Impulse is helping address these struggles, and the tremendous promise of on-device AI.

Key hurdles with edge AI adoption

Grande highlighted three primary...